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KKR & Co.（KKR）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
KKR & Co.的季度营收约是RYDER SYSTEM INC的1.8倍（$5.7B vs $3.1B），KKR & Co.净利率更高（20.0% vs 3.0%，领先17.0%），KKR & Co.同比增速更快（76.1% vs 1.0%），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -22.9%）
KKR（全称Kohlberg Kravis Roberts & Co.）是源自美国的全球知名私募股权投资机构，截至2024年12月31日，已累计完成770笔私募股权投资，对应总企业价值约7900亿美元，资产管理规模达5530亿美元，其中付费资产管理规模为4460亿美元。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
KKR vs R — 直观对比
营收规模更大
KKR
是对方的1.8倍
$3.1B
营收增速更快
KKR
高出75.1%
1.0%
净利率更高
KKR
高出17.0%
3.0%
两年增速更快
R
近两年复合增速
-22.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $3.1B |
| 净利润 | $1.1B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 45.3% | — |
| 净利率 | 20.0% | 3.0% |
| 营收同比 | 76.1% | 1.0% |
| 净利润同比 | 1.8% | -5.1% |
| 每股收益（稀释后） | — | $2.34 |
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KKRR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $5.7B | $3.2B | ||
| Q3 25 | $5.5B | $3.2B | ||
| Q2 25 | $5.1B | $3.2B | ||
| Q1 25 | $3.1B | $3.1B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $4.8B | $3.2B | ||
| Q2 24 | $4.2B | $3.2B |
净利润KKRR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $1.1B | $132.0M | ||
| Q3 25 | $900.4M | $138.0M | ||
| Q2 25 | $510.1M | $131.0M | ||
| Q1 25 | $-185.9M | $98.0M | ||
| Q4 24 | $1.1B | $135.0M | ||
| Q3 24 | $600.5M | $142.0M | ||
| Q2 24 | $667.9M | $127.0M |
营业利润率KKRR
| Q1 26 | — | — | ||
| Q4 25 | 45.3% | 5.6% | ||
| Q3 25 | 39.8% | 6.0% | ||
| Q2 25 | 30.0% | 5.8% | ||
| Q1 25 | 24.8% | 4.3% | ||
| Q4 24 | 50.4% | 5.7% | ||
| Q3 24 | 34.3% | 5.9% | ||
| Q2 24 | 29.0% | 5.6% |
净利率KKRR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 20.0% | 4.2% | ||
| Q3 25 | 16.3% | 4.4% | ||
| Q2 25 | 10.0% | 4.1% | ||
| Q1 25 | -6.0% | 3.1% | ||
| Q4 24 | 34.5% | 4.2% | ||
| Q3 24 | 12.5% | 4.5% | ||
| Q2 24 | 16.0% | 4.0% |
每股收益（稀释后）KKRR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $3.24 | ||
| Q2 24 | — | $2.84 |
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 | — | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $30.9B | $2.9B |
| 总资产 | $410.1B | — |
| 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KKRR
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务KKRR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益KKRR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $30.9B | $3.1B | ||
| Q3 25 | $29.7B | $3.1B | ||
| Q2 25 | $28.2B | $3.1B | ||
| Q1 25 | $27.5B | $3.0B | ||
| Q4 24 | $23.7B | $3.1B | ||
| Q3 24 | $24.1B | $3.1B | ||
| Q2 24 | $21.7B | $3.1B |
总资产KKRR
| Q1 26 | — | — | ||
| Q4 25 | $410.1B | $16.4B | ||
| Q3 25 | $398.5B | $16.5B | ||
| Q2 25 | $380.9B | $16.5B | ||
| Q1 25 | $372.4B | $16.4B | ||
| Q4 24 | $360.1B | $16.7B | ||
| Q3 24 | $360.7B | $16.5B | ||
| Q2 24 | $348.5B | $16.4B |
负债/权益比KKRR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $-4.9B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | -4.28× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流KKRR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-4.9B | $749.0M | ||
| Q3 25 | $2.4B | $442.0M | ||
| Q2 25 | $438.8M | $752.0M | ||
| Q1 25 | $2.5B | $651.0M | ||
| Q4 24 | $-111.7M | $558.0M | ||
| Q3 24 | $1.9B | $629.0M | ||
| Q2 24 | $3.4B | $552.0M |
自由现金流KKRR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率KKRR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度KKRR
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率KKRR
| Q1 26 | — | 6.27× | ||
| Q4 25 | -4.28× | 5.67× | ||
| Q3 25 | 2.65× | 3.20× | ||
| Q2 25 | 0.86× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | -0.10× | 4.13× | ||
| Q3 24 | 3.12× | 4.43× | ||
| Q2 24 | 5.03× | 4.35× |
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
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
