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骏利亨德森集团（JHG）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是骏利亨德森集团的1.3倍（$1.5B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs -3.1%，领先38.4%），骏利亨德森集团同比增速更快（61.3% vs -11.9%），骏利亨德森集团自由现金流更多（$320.4M vs $-9.0M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 26.8%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
JHG vs RXO — 直观对比
营收规模更大
RXO
是对方的1.3倍
$1.1B
营收增速更快
JHG
高出73.2%
-11.9%
净利率更高
JHG
高出38.4%
-3.1%
自由现金流更多
JHG
多$329.4M
$-9.0M
两年增速更快
JHG
近两年复合增速
26.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $403.2M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 42.7% | -2.9% |
| 净利率 | 35.3% | -3.1% |
| 营收同比 | 61.3% | -11.9% |
| 净利润同比 | 231.0% | -84.0% |
| 每股收益（稀释后） | $2.59 | $-0.28 |
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JHGRXO
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $700.4M | $1.4B | ||
| Q2 25 | $633.2M | $1.4B | ||
| Q1 25 | $621.4M | $1.4B | ||
| Q4 24 | $708.3M | $1.7B | ||
| Q3 24 | $624.8M | $1.0B | ||
| Q2 24 | $588.4M | $930.0M | ||
| Q1 24 | $551.7M | $913.0M |
净利润JHGRXO
| Q4 25 | $403.2M | $-46.0M | ||
| Q3 25 | $142.1M | $-14.0M | ||
| Q2 25 | $149.9M | $-9.0M | ||
| Q1 25 | $120.7M | $-31.0M | ||
| Q4 24 | $121.8M | $-25.0M | ||
| Q3 24 | $27.3M | $-243.0M | ||
| Q2 24 | $129.7M | $-7.0M | ||
| Q1 24 | $130.1M | $-15.0M |
营业利润率JHGRXO
| Q4 25 | 42.7% | -2.9% | ||
| Q3 25 | 24.6% | -0.5% | ||
| Q2 25 | 25.9% | — | ||
| Q1 25 | 24.7% | -2.1% | ||
| Q4 24 | 27.9% | -1.4% | ||
| Q3 24 | 26.4% | -1.9% | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 21.6% | -1.3% |
净利率JHGRXO
| Q4 25 | 35.3% | -3.1% | ||
| Q3 25 | 20.3% | -1.0% | ||
| Q2 25 | 23.7% | -0.6% | ||
| Q1 25 | 19.4% | -2.2% | ||
| Q4 24 | 17.2% | -1.5% | ||
| Q3 24 | 4.4% | -23.4% | ||
| Q2 24 | 22.0% | -0.8% | ||
| Q1 24 | 23.6% | -1.6% |
每股收益（稀释后）JHGRXO
| Q4 25 | $2.59 | $-0.28 | ||
| Q3 25 | $0.92 | $-0.08 | ||
| Q2 25 | $0.95 | $-0.05 | ||
| Q1 25 | $0.77 | $-0.18 | ||
| Q4 24 | $0.77 | $-0.17 | ||
| Q3 24 | $0.17 | $-1.81 | ||
| Q2 24 | $0.81 | $-0.06 | ||
| Q1 24 | $0.81 | $-0.13 |
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 | $1.6B | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $5.1B | $1.5B |
| 总资产 | $8.3B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资JHGRXO
| Q4 25 | $1.6B | $17.0M | ||
| Q3 25 | $1.4B | $25.0M | ||
| Q2 25 | $1.3B | $18.0M | ||
| Q1 25 | $1.4B | $16.0M | ||
| Q4 24 | $1.6B | $35.0M | ||
| Q3 24 | $1.8B | $55.0M | ||
| Q2 24 | $1.3B | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
总债务JHGRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益JHGRXO
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $4.8B | $1.6B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.6B | $1.6B | ||
| Q3 24 | $4.6B | $1.7B | ||
| Q2 24 | $4.5B | $579.0M | ||
| Q1 24 | $4.4B | $582.0M |
总资产JHGRXO
| Q4 25 | $8.3B | $3.3B | ||
| Q3 25 | $7.6B | $3.2B | ||
| Q2 25 | $7.5B | $3.2B | ||
| Q1 25 | $7.1B | $3.3B | ||
| Q4 24 | $7.0B | $3.4B | ||
| Q3 24 | $7.3B | $3.4B | ||
| Q2 24 | $6.4B | $1.8B | ||
| Q1 24 | $6.3B | $1.8B |
负债/权益比JHGRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $322.7M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 28.0% | -0.6% |
| 资本支出强度资本支出/营收 | 0.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $710.9M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流JHGRXO
| Q4 25 | $322.7M | $7.0M | ||
| Q3 25 | $258.8M | $23.0M | ||
| Q2 25 | $135.2M | $23.0M | ||
| Q1 25 | $2.8M | $-2.0M | ||
| Q4 24 | $247.3M | $-7.0M | ||
| Q3 24 | $228.5M | $-7.0M | ||
| Q2 24 | $223.8M | $-5.0M | ||
| Q1 24 | $-5.0M | $7.0M |
自由现金流JHGRXO
| Q4 25 | $320.4M | $-9.0M | ||
| Q3 25 | $256.4M | $9.0M | ||
| Q2 25 | $133.2M | $9.0M | ||
| Q1 25 | $900.0K | $-17.0M | ||
| Q4 24 | $243.5M | $-19.0M | ||
| Q3 24 | $225.9M | $-18.0M | ||
| Q2 24 | $221.9M | $-16.0M | ||
| Q1 24 | $-6.8M | $-4.0M |
自由现金流率JHGRXO
| Q4 25 | 28.0% | -0.6% | ||
| Q3 25 | 36.6% | 0.6% | ||
| Q2 25 | 21.0% | 0.6% | ||
| Q1 25 | 0.1% | -1.2% | ||
| Q4 24 | 34.4% | -1.1% | ||
| Q3 24 | 36.2% | -1.7% | ||
| Q2 24 | 37.7% | -1.7% | ||
| Q1 24 | -1.2% | -0.4% |
资本支出强度JHGRXO
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.3% | 1.0% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.5% | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 0.3% | 1.2% |
现金转化率JHGRXO
| Q4 25 | 0.80× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.03× | — | ||
| Q3 24 | 8.37× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | -0.04× | — |
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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
