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J.B. Hunt（JBHT）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
J.B. Hunt的季度营收约是WATSCO INC的1.9倍（$3.1B vs $1.6B），J.B. Hunt净利率更高（4.6% vs 4.5%，领先0.1%），J.B. Hunt同比增速更快（4.6% vs -10.0%），过去两年J.B. Hunt的营收复合增速更高（2.2% vs 0.4%）
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。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
JBHT vs WSO — 直观对比
营收规模更大
JBHT
是对方的1.9倍
$1.6B
营收增速更快
JBHT
高出14.6%
-10.0%
净利率更高
JBHT
高出0.1%
4.5%
两年增速更快
JBHT
近两年复合增速
0.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.6B |
| 净利润 | $141.6M | $71.7M |
| 毛利率 | — | 27.1% |
| 营业利润率 | 6.8% | 6.4% |
| 净利率 | 4.6% | 4.5% |
| 营收同比 | 4.6% | -10.0% |
| 净利润同比 | 20.2% | -25.9% |
| 每股收益（稀释后） | $1.49 | $1.82 |
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JBHTWSO
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $2.9B | $2.1B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B |
净利润JBHTWSO
| Q1 26 | $141.6M | — | ||
| Q4 25 | $181.1M | $71.7M | ||
| Q3 25 | $170.8M | $161.6M | ||
| Q2 25 | $128.6M | $183.6M | ||
| Q1 25 | $117.7M | $80.1M | ||
| Q4 24 | $155.5M | $96.8M | ||
| Q3 24 | $152.1M | $171.0M | ||
| Q2 24 | $135.9M | $181.4M |
毛利率JBHTWSO
| Q1 26 | — | — | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% |
营业利润率JBHTWSO
| Q1 26 | 6.8% | — | ||
| Q4 25 | 8.0% | 6.4% | ||
| Q3 25 | 7.9% | 11.4% | ||
| Q2 25 | 6.7% | 13.2% | ||
| Q1 25 | 6.1% | 7.3% | ||
| Q4 24 | 6.6% | 7.8% | ||
| Q3 24 | 7.3% | 11.6% | ||
| Q2 24 | 7.0% | 12.6% |
净利率JBHTWSO
| Q1 26 | 4.6% | — | ||
| Q4 25 | 5.8% | 4.5% | ||
| Q3 25 | 5.6% | 7.8% | ||
| Q2 25 | 4.4% | 8.9% | ||
| Q1 25 | 4.0% | 5.2% | ||
| Q4 24 | 4.9% | 5.5% | ||
| Q3 24 | 5.0% | 7.9% | ||
| Q2 24 | 4.6% | 8.5% |
每股收益（稀释后）JBHTWSO
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.88 | $1.82 | ||
| Q3 25 | $1.76 | $3.98 | ||
| Q2 25 | $1.31 | $4.52 | ||
| Q1 25 | $1.17 | $1.93 | ||
| Q4 24 | $1.53 | $2.42 | ||
| Q3 24 | $1.49 | $4.22 | ||
| Q2 24 | $1.32 | $4.49 |
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 | $4.6M | $733.3M |
| 总债务越低越好 | $1.3B | $361.6M |
| 股东权益账面价值 | $3.6B | $2.8B |
| 总资产 | — | $4.4B |
| 负债/权益比越低杠杆越低 | 0.36× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资JBHTWSO
| Q1 26 | $4.6M | — | ||
| Q4 25 | $17.3M | $733.3M | ||
| Q3 25 | $52.3M | $524.3M | ||
| Q2 25 | $50.9M | $293.0M | ||
| Q1 25 | $43.4M | $431.8M | ||
| Q4 24 | $47.0M | $781.9M | ||
| Q3 24 | $120.0M | $550.0M | ||
| Q2 24 | $53.5M | $424.9M |
总债务JBHTWSO
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | $977.7M | $337.2M | ||
| Q3 24 | $1.0B | $321.0M | ||
| Q2 24 | $1.5B | $307.1M |
股东权益JBHTWSO
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.8B | ||
| Q3 25 | $3.6B | $2.8B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $4.0B | $2.7B | ||
| Q3 24 | $4.0B | $2.7B | ||
| Q2 24 | $4.1B | $2.6B |
总资产JBHTWSO
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $4.4B | ||
| Q3 25 | $8.1B | $4.6B | ||
| Q2 25 | $8.2B | $4.7B | ||
| Q1 25 | $8.3B | $4.5B | ||
| Q4 24 | $8.3B | $4.5B | ||
| Q3 24 | $8.3B | $4.5B | ||
| Q2 24 | $8.4B | $4.4B |
负债/权益比JBHTWSO
| Q1 26 | 0.36× | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.24× | 0.13× | ||
| Q3 24 | 0.26× | 0.12× | ||
| Q2 24 | 0.36× | 0.12× |
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 | $353.0M | $399.8M |
| 自由现金流经营现金流 - 资本支出 | — | $388.5M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | 2.3% | 0.7% |
| 现金转化率经营现金流/净利润 | 2.49× | 5.57× |
| 过去12个月自由现金流最近4个季度 | — | $535.1M |
8季度趋势，按日历期对齐
经营现金流JBHTWSO
| Q1 26 | $353.0M | — | ||
| Q4 25 | $385.6M | $399.8M | ||
| Q3 25 | $486.4M | $354.9M | ||
| Q2 25 | $402.1M | $-7.4M | ||
| Q1 25 | $404.2M | $-177.6M | ||
| Q4 24 | $317.6M | $378.9M | ||
| Q3 24 | $338.5M | $232.8M | ||
| Q2 24 | $360.6M | $57.7M |
自由现金流JBHTWSO
| Q1 26 | — | — | ||
| Q4 25 | $251.3M | $388.5M | ||
| Q3 25 | $352.4M | $346.1M | ||
| Q2 25 | $185.6M | $-14.3M | ||
| Q1 25 | $158.4M | $-185.2M | ||
| Q4 24 | $93.3M | $370.9M | ||
| Q3 24 | $163.1M | $223.0M | ||
| Q2 24 | $98.2M | $51.3M |
自由现金流率JBHTWSO
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 24.6% | ||
| Q3 25 | 11.5% | 16.7% | ||
| Q2 25 | 6.3% | -0.7% | ||
| Q1 25 | 5.4% | -12.1% | ||
| Q4 24 | 3.0% | 21.1% | ||
| Q3 24 | 5.3% | 10.3% | ||
| Q2 24 | 3.4% | 2.4% |
资本支出强度JBHTWSO
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.3% | 0.7% | ||
| Q3 25 | 4.4% | 0.4% | ||
| Q2 25 | 7.4% | 0.3% | ||
| Q1 25 | 8.4% | 0.5% | ||
| Q4 24 | 7.1% | 0.5% | ||
| Q3 24 | 5.7% | 0.5% | ||
| Q2 24 | 9.0% | 0.3% |
现金转化率JBHTWSO
| Q1 26 | 2.49× | — | ||
| Q4 25 | 2.13× | 5.57× | ||
| Q3 25 | 2.85× | 2.20× | ||
| Q2 25 | 3.13× | -0.04× | ||
| Q1 25 | 3.43× | -2.22× | ||
| Q4 24 | 2.04× | 3.91× | ||
| Q3 24 | 2.23× | 1.36× | ||
| Q2 24 | 2.65× | 0.32× |
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
| Intermodal | $1.5B | 49% |
| Dedicated | $840.6M | 28% |
| Integrated Capacity Solutions | $322.7M | 11% |
| Truckload | $205.4M | 7% |
| Final Mile Services | $188.0M | 6% |
WSO
暂无分部数据
