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KIRBY CORP（KEX）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
KIRBY CORP的季度营收约是WERNER ENTERPRISES INC的1.1倍（$851.8M vs $808.6M），KIRBY CORP净利率更高（10.8% vs -0.5%，领先11.3%），WERNER ENTERPRISES INC同比增速更快（13.6% vs 6.2%），过去两年WERNER ENTERPRISES INC的营收复合增速更高（4.3% vs 2.7%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
KEX vs WERN — 直观对比
营收规模更大
KEX
是对方的1.1倍
$808.6M
营收增速更快
WERN
高出7.4%
6.2%
净利率更高
KEX
高出11.3%
-0.5%
两年增速更快
WERN
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $808.6M |
| 净利润 | $91.8M | $-4.3M |
| 毛利率 | — | — |
| 营业利润率 | 15.2% | — |
| 净利率 | 10.8% | -0.5% |
| 营收同比 | 6.2% | 13.6% |
| 净利润同比 | 114.4% | 57.8% |
| 每股收益（稀释后） | $1.68 | $-0.07 |
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KEXWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $851.8M | $719.9M | ||
| Q3 25 | $871.2M | $752.2M | ||
| Q2 25 | $855.5M | $734.1M | ||
| Q1 25 | $785.7M | $693.4M | ||
| Q4 24 | $802.3M | $736.6M | ||
| Q3 24 | $831.1M | $726.3M | ||
| Q2 24 | $824.4M | $742.7M |
净利润KEXWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $91.8M | $-27.8M | ||
| Q3 25 | $92.5M | $-20.6M | ||
| Q2 25 | $94.3M | $44.1M | ||
| Q1 25 | $76.0M | $-10.1M | ||
| Q4 24 | $42.8M | $11.9M | ||
| Q3 24 | $90.0M | $6.6M | ||
| Q2 24 | $83.9M | $9.5M |
营业利润率KEXWERN
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | -5.0% | ||
| Q3 25 | 14.8% | -1.7% | ||
| Q2 25 | 15.4% | 9.0% | ||
| Q1 25 | 13.4% | -0.8% | ||
| Q4 24 | 6.3% | 1.8% | ||
| Q3 24 | 15.3% | 2.4% | ||
| Q2 24 | 14.6% | 2.6% |
净利率KEXWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | 10.8% | -3.9% | ||
| Q3 25 | 10.6% | -2.7% | ||
| Q2 25 | 11.0% | 6.0% | ||
| Q1 25 | 9.7% | -1.5% | ||
| Q4 24 | 5.3% | 1.6% | ||
| Q3 24 | 10.8% | 0.9% | ||
| Q2 24 | 10.2% | 1.3% |
每股收益（稀释后）KEXWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $1.68 | $-0.46 | ||
| Q3 25 | $1.65 | $-0.34 | ||
| Q2 25 | $1.67 | $0.72 | ||
| Q1 25 | $1.33 | $-0.16 | ||
| Q4 24 | $0.74 | $0.19 | ||
| Q3 24 | $1.55 | $0.11 | ||
| Q2 24 | $1.43 | $0.15 |
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 | $78.8M | $61.5M |
| 总债务越低越好 | $919.3M | $878.2M |
| 股东权益账面价值 | $3.4B | $1.4B |
| 总资产 | $6.0B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.27× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资KEXWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $78.8M | $59.9M | ||
| Q3 25 | $47.0M | $51.0M | ||
| Q2 25 | $68.4M | $51.4M | ||
| Q1 25 | $51.1M | $52.0M | ||
| Q4 24 | $74.4M | $40.8M | ||
| Q3 24 | $67.1M | $54.7M | ||
| Q2 24 | $53.5M | $70.4M |
总债务KEXWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | $919.3M | $752.0M | ||
| Q3 25 | $1.0B | $725.0M | ||
| Q2 25 | $1.1B | $725.0M | ||
| Q1 25 | $1.1B | $640.0M | ||
| Q4 24 | $874.9M | $650.0M | ||
| Q3 24 | $978.6M | $690.0M | ||
| Q2 24 | $1.0B | $670.0M |
股东权益KEXWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $3.4B | $1.4B | ||
| Q3 25 | $3.4B | $1.4B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | $3.3B | $1.4B | ||
| Q2 24 | $3.3B | $1.5B |
总资产KEXWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $6.0B | $2.9B | ||
| Q3 25 | $6.1B | $3.0B | ||
| Q2 25 | $6.1B | $2.9B | ||
| Q1 25 | $6.0B | $3.0B | ||
| Q4 24 | $5.9B | $3.1B | ||
| Q3 24 | $5.9B | $3.1B | ||
| Q2 24 | $5.9B | $3.1B |
负债/权益比KEXWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.27× | 0.55× | ||
| Q3 25 | 0.31× | 0.52× | ||
| Q2 25 | 0.33× | 0.51× | ||
| Q1 25 | 0.33× | 0.45× | ||
| Q4 24 | 0.26× | 0.45× | ||
| Q3 24 | 0.30× | 0.48× | ||
| Q2 24 | 0.32× | 0.46× |
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 | $312.2M | — |
| 自由现金流经营现金流 - 资本支出 | $265.2M | — |
| 自由现金流率自由现金流/营收 | 31.1% | — |
| 资本支出强度资本支出/营收 | 5.5% | 0.2% |
| 现金转化率经营现金流/净利润 | 3.40× | — |
| 过去12个月自由现金流最近4个季度 | $405.7M | — |
8季度趋势，按日历期对齐
经营现金流KEXWERN
| Q1 26 | — | — | ||
| Q4 25 | $312.2M | $62.3M | ||
| Q3 25 | $227.5M | $44.1M | ||
| Q2 25 | $93.9M | $46.0M | ||
| Q1 25 | $36.5M | $29.4M | ||
| Q4 24 | $247.4M | $71.0M | ||
| Q3 24 | $206.5M | $61.0M | ||
| Q2 24 | $179.3M | $109.1M |
自由现金流KEXWERN
| Q1 26 | — | — | ||
| Q4 25 | $265.2M | $-23.5M | ||
| Q3 25 | $160.3M | $-8.6M | ||
| Q2 25 | $22.4M | $-42.3M | ||
| Q1 25 | $-42.1M | $5.9M | ||
| Q4 24 | $150.7M | $-9.8M | ||
| Q3 24 | $130.1M | $-73.4M | ||
| Q2 24 | $90.8M | $-31.2M |
自由现金流率KEXWERN
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | -3.3% | ||
| Q3 25 | 18.4% | -1.1% | ||
| Q2 25 | 2.6% | -5.8% | ||
| Q1 25 | -5.4% | 0.8% | ||
| Q4 24 | 18.8% | -1.3% | ||
| Q3 24 | 15.7% | -10.1% | ||
| Q2 24 | 11.0% | -4.2% |
资本支出强度KEXWERN
| Q1 26 | — | 0.2% | ||
| Q4 25 | 5.5% | 11.9% | ||
| Q3 25 | 7.7% | 7.0% | ||
| Q2 25 | 8.4% | 12.0% | ||
| Q1 25 | 10.0% | 3.4% | ||
| Q4 24 | 12.0% | 11.0% | ||
| Q3 24 | 9.2% | 18.5% | ||
| Q2 24 | 10.7% | 18.9% |
现金转化率KEXWERN
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | — | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 1.00× | 1.04× | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 5.78× | 5.97× | ||
| Q3 24 | 2.30× | 9.30× | ||
| Q2 24 | 2.14× | 11.52× |
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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
WERN
暂无分部数据
