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J.B. Hunt（JBHT）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是J.B. Hunt的1.1倍（$3.4B vs $3.1B），Welltower净利率更高（22.4% vs 5.8%，领先16.6%），Welltower同比增速更快（38.3% vs -1.6%），过去两年Welltower的营收复合增速更高（55.1% vs 2.6%）
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
JBHT vs WELL — 直观对比
营收规模更大
WELL
是对方的1.1倍
$3.1B
营收增速更快
WELL
高出39.9%
-1.6%
净利率更高
WELL
高出16.6%
5.8%
两年增速更快
WELL
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.4B |
| 净利润 | $181.1M | $752.3M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | — |
| 净利率 | 5.8% | 22.4% |
| 营收同比 | -1.6% | 38.3% |
| 净利润同比 | 16.5% | 192.4% |
| 每股收益（稀释后） | $1.88 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收JBHTWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.4B |
净利润JBHTWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $181.1M | $117.8M | ||
| Q3 25 | $170.8M | $282.2M | ||
| Q2 25 | $128.6M | $304.6M | ||
| Q1 25 | $117.7M | $257.3M | ||
| Q4 24 | $155.5M | $123.8M | ||
| Q3 24 | $152.1M | $456.8M | ||
| Q2 24 | $135.9M | $260.7M |
毛利率JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
营业利润率JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 7.9% | 14.2% | ||
| Q2 25 | 6.7% | 15.1% | ||
| Q1 25 | 6.1% | 10.7% | ||
| Q4 24 | 6.6% | 6.2% | ||
| Q3 24 | 7.3% | 12.2% | ||
| Q2 24 | 7.0% | 6.5% |
净利率JBHTWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 5.8% | 4.6% | ||
| Q3 25 | 5.6% | 13.7% | ||
| Q2 25 | 4.4% | 15.5% | ||
| Q1 25 | 4.0% | 13.8% | ||
| Q4 24 | 4.9% | 7.0% | ||
| Q3 24 | 5.0% | 30.2% | ||
| Q2 24 | 4.6% | 18.7% |
每股收益（稀释后）JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | $1.88 | $0.13 | ||
| Q3 25 | $1.76 | $0.41 | ||
| Q2 25 | $1.31 | $0.45 | ||
| Q1 25 | $1.17 | $0.40 | ||
| Q4 24 | $1.53 | $0.20 | ||
| Q3 24 | $1.49 | $0.73 | ||
| Q2 24 | $1.32 | $0.42 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $17.3M | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $44.7B |
| 总资产 | $7.9B | $67.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JBHTWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $17.3M | $5.0B | ||
| Q3 25 | $52.3M | $6.8B | ||
| Q2 25 | $50.9M | $4.4B | ||
| Q1 25 | $43.4M | $3.5B | ||
| Q4 24 | $47.0M | $3.5B | ||
| Q3 24 | $120.0M | $3.6B | ||
| Q2 24 | $53.5M | $2.8B |
总债务JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | $977.7M | $15.5B | ||
| Q3 24 | $1.0B | $15.8B | ||
| Q2 24 | $1.5B | $13.9B |
股东权益JBHTWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $3.6B | $42.1B | ||
| Q3 25 | $3.6B | $38.8B | ||
| Q2 25 | $3.7B | $35.9B | ||
| Q1 25 | $3.9B | $34.0B | ||
| Q4 24 | $4.0B | $32.0B | ||
| Q3 24 | $4.0B | $30.3B | ||
| Q2 24 | $4.1B | $29.0B |
总资产JBHTWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $7.9B | $67.3B | ||
| Q3 25 | $8.1B | $59.5B | ||
| Q2 25 | $8.2B | $55.8B | ||
| Q1 25 | $8.3B | $53.3B | ||
| Q4 24 | $8.3B | $51.0B | ||
| Q3 24 | $8.3B | $49.0B | ||
| Q2 24 | $8.4B | $45.5B |
负债/权益比JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | 0.24× | 0.49× | ||
| Q3 24 | 0.26× | 0.52× | ||
| Q2 24 | 0.36× | 0.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $385.6M | — |
| 自由现金流经营现金流 - 资本支出 | $251.3M | — |
| 自由现金流率自由现金流/营收 | 8.1% | — |
| 资本支出强度资本支出/营收 | 4.3% | — |
| 现金转化率经营现金流/净利润 | 2.13× | — |
| 过去12个月自由现金流最近4个季度 | $947.6M | — |
8季度趋势，按日历期对齐
经营现金流JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | $385.6M | $654.3M | ||
| Q3 25 | $486.4M | $858.4M | ||
| Q2 25 | $402.1M | $770.0M | ||
| Q1 25 | $404.2M | $599.0M | ||
| Q4 24 | $317.6M | $559.2M | ||
| Q3 24 | $338.5M | $685.0M | ||
| Q2 24 | $360.6M | $605.4M |
自由现金流JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | $251.3M | $340.4M | ||
| Q3 25 | $352.4M | $595.3M | ||
| Q2 25 | $185.6M | $537.2M | ||
| Q1 25 | $158.4M | $358.6M | ||
| Q4 24 | $93.3M | $240.4M | ||
| Q3 24 | $163.1M | $443.8M | ||
| Q2 24 | $98.2M | $440.3M |
自由现金流率JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 13.3% | ||
| Q3 25 | 11.5% | 28.9% | ||
| Q2 25 | 6.3% | 27.3% | ||
| Q1 25 | 5.4% | 19.2% | ||
| Q4 24 | 3.0% | 13.6% | ||
| Q3 24 | 5.3% | 29.4% | ||
| Q2 24 | 3.4% | 31.6% |
资本支出强度JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 12.3% | ||
| Q3 25 | 4.4% | 12.8% | ||
| Q2 25 | 7.4% | 11.8% | ||
| Q1 25 | 8.4% | 12.9% | ||
| Q4 24 | 7.1% | 18.1% | ||
| Q3 24 | 5.7% | 16.0% | ||
| Q2 24 | 9.0% | 11.8% |
现金转化率JBHTWELL
| Q1 26 | — | — | ||
| Q4 25 | 2.13× | 5.56× | ||
| Q3 25 | 2.85× | 3.04× | ||
| Q2 25 | 3.13× | 2.53× | ||
| Q1 25 | 3.43× | 2.33× | ||
| Q4 24 | 2.04× | 4.52× | ||
| Q3 24 | 2.23× | 1.50× | ||
| Q2 24 | 2.65× | 2.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
