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KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.6倍（$1.5B vs $929.0M），KAISER ALUMINUM CORP净利率更高（3.0% vs -3.1%，领先6.2%），KAISER ALUMINUM CORP同比增速更快（21.4% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-51.1M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 12.2%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs RXO — 直观对比
营收规模更大
RXO
是对方的1.6倍
$929.0M
营收增速更快
KALU
高出33.3%
-11.9%
净利率更高
KALU
高出6.2%
-3.1%
自由现金流更多
RXO
多$42.1M
$-51.1M
两年增速更快
RXO
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.5B |
| 净利润 | $28.2M | $-46.0M |
| 毛利率 | 13.3% | — |
| 营业利润率 | 6.5% | -2.9% |
| 净利率 | 3.0% | -3.1% |
| 营收同比 | 21.4% | -11.9% |
| 净利润同比 | 42.4% | -84.0% |
| 每股收益（稀释后） | $1.67 | $-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KALURXO
| Q4 25 | $929.0M | $1.5B | ||
| Q3 25 | $843.5M | $1.4B | ||
| Q2 25 | $823.1M | $1.4B | ||
| Q1 25 | $777.4M | $1.4B | ||
| Q4 24 | $765.4M | $1.7B | ||
| Q3 24 | $747.7M | $1.0B | ||
| Q2 24 | $773.4M | $930.0M | ||
| Q1 24 | $737.5M | $913.0M |
净利润KALURXO
| Q4 25 | $28.2M | $-46.0M | ||
| Q3 25 | $39.5M | $-14.0M | ||
| Q2 25 | $23.2M | $-9.0M | ||
| Q1 25 | $21.6M | $-31.0M | ||
| Q4 24 | $19.8M | $-25.0M | ||
| Q3 24 | $8.8M | $-243.0M | ||
| Q2 24 | $18.9M | $-7.0M | ||
| Q1 24 | $18.2M | $-15.0M |
毛利率KALURXO
| Q4 25 | 13.3% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 11.7% | — |
营业利润率KALURXO
| Q4 25 | 6.5% | -2.9% | ||
| Q3 25 | 5.8% | -0.5% | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 5.3% | -2.1% | ||
| Q4 24 | 5.0% | -1.4% | ||
| Q3 24 | 1.8% | -1.9% | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.3% | -1.3% |
净利率KALURXO
| Q4 25 | 3.0% | -3.1% | ||
| Q3 25 | 4.7% | -1.0% | ||
| Q2 25 | 2.8% | -0.6% | ||
| Q1 25 | 2.8% | -2.2% | ||
| Q4 24 | 2.6% | -1.5% | ||
| Q3 24 | 1.2% | -23.4% | ||
| Q2 24 | 2.4% | -0.8% | ||
| Q1 24 | 2.5% | -1.6% |
每股收益（稀释后）KALURXO
| Q4 25 | $1.67 | $-0.28 | ||
| Q3 25 | $2.38 | $-0.08 | ||
| Q2 25 | $1.41 | $-0.05 | ||
| Q1 25 | $1.31 | $-0.18 | ||
| Q4 24 | $1.21 | $-0.17 | ||
| Q3 24 | $0.54 | $-1.81 | ||
| Q2 24 | $1.15 | $-0.06 | ||
| Q1 24 | $1.12 | $-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 | $7.0M | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $826.1M | $1.5B |
| 总资产 | $2.6B | $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KALURXO
| Q4 25 | $7.0M | $17.0M | ||
| Q3 25 | $17.2M | $25.0M | ||
| Q2 25 | $13.1M | $18.0M | ||
| Q1 25 | $21.3M | $16.0M | ||
| Q4 24 | $18.4M | $35.0M | ||
| Q3 24 | $45.7M | $55.0M | ||
| Q2 24 | $70.4M | $7.0M | ||
| Q1 24 | $101.6M | $7.0M |
总债务KALURXO
| 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KALURXO
| Q4 25 | $826.1M | $1.5B | ||
| Q3 25 | $806.1M | $1.6B | ||
| Q2 25 | $776.0M | $1.6B | ||
| Q1 25 | $756.8M | $1.6B | ||
| Q4 24 | $743.1M | $1.6B | ||
| Q3 24 | $729.4M | $1.7B | ||
| Q2 24 | $727.6M | $579.0M | ||
| Q1 24 | $714.7M | $582.0M |
总资产KALURXO
| Q4 25 | $2.6B | $3.3B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.4B | $3.3B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.3B | $3.4B | ||
| Q2 24 | $2.3B | $1.8B | ||
| Q1 24 | $2.3B | $1.8B |
负债/权益比KALURXO
| 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 | $-20.6M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $-9.0M |
| 自由现金流率自由现金流/营收 | -5.5% | -0.6% |
| 资本支出强度资本支出/营收 | 3.3% | 1.1% |
| 现金转化率经营现金流/净利润 | -0.73× | — |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流KALURXO
| Q4 25 | $-20.6M | $7.0M | ||
| Q3 25 | $59.1M | $23.0M | ||
| Q2 25 | $15.9M | $23.0M | ||
| Q1 25 | $57.0M | $-2.0M | ||
| Q4 24 | $43.4M | $-7.0M | ||
| Q3 24 | $34.1M | $-7.0M | ||
| Q2 24 | $26.3M | $-5.0M | ||
| Q1 24 | $63.3M | $7.0M |
自由现金流KALURXO
| Q4 25 | $-51.1M | $-9.0M | ||
| Q3 25 | $34.5M | $9.0M | ||
| Q2 25 | $-27.7M | $9.0M | ||
| Q1 25 | $18.8M | $-17.0M | ||
| Q4 24 | $-12.6M | $-19.0M | ||
| Q3 24 | $-17.0M | $-18.0M | ||
| Q2 24 | $-17.4M | $-16.0M | ||
| Q1 24 | $33.3M | $-4.0M |
自由现金流率KALURXO
| Q4 25 | -5.5% | -0.6% | ||
| Q3 25 | 4.1% | 0.6% | ||
| Q2 25 | -3.4% | 0.6% | ||
| Q1 25 | 2.4% | -1.2% | ||
| Q4 24 | -1.6% | -1.1% | ||
| Q3 24 | -2.3% | -1.7% | ||
| Q2 24 | -2.2% | -1.7% | ||
| Q1 24 | 4.5% | -0.4% |
资本支出强度KALURXO
| Q4 25 | 3.3% | 1.1% | ||
| Q3 25 | 2.9% | 1.0% | ||
| Q2 25 | 5.3% | 1.0% | ||
| Q1 25 | 4.9% | 1.0% | ||
| Q4 24 | 7.3% | 0.7% | ||
| Q3 24 | 6.8% | 1.1% | ||
| Q2 24 | 5.7% | 1.2% | ||
| Q1 24 | 4.1% | 1.2% |
现金转化率KALURXO
| Q4 25 | -0.73× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 2.64× | — | ||
| Q4 24 | 2.19× | — | ||
| Q3 24 | 3.88× | — | ||
| Q2 24 | 1.39× | — | ||
| Q1 24 | 3.48× | — |
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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
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% |
