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Knight-Swift Transportation Holdings Inc.（KNX）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
NiSource的季度营收约是Knight-Swift Transportation Holdings Inc.的1.0倍（$1.9B vs $1.9B），NiSource净利率更高（13.7% vs 0.0%，领先13.7%），NiSource同比增速更快（22.5% vs 1.4%），Knight-Swift Transportation Holdings Inc.自由现金流更多（$56.9M vs $-133.7M），过去两年NiSource的营收复合增速更高（7.2% vs 0.1%）
Knight-Swift是美国知名整车公路货运服务商，总部位于亚利桑那州菲尼克斯。该集团由同在菲尼克斯的Swift运输与Knight运输于2017年合并成立，旗下货运网络覆盖北美主要区域，为各行业客户提供专业可靠的整车物流运输服务。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
KNX vs NI — 直观对比
营收规模更大
NI
是对方的1.0倍
$1.9B
营收增速更快
NI
高出21.1%
1.4%
净利率更高
NI
高出13.7%
0.0%
自由现金流更多
KNX
多$190.6M
$-133.7M
两年增速更快
NI
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $96.0K | $257.8M |
| 毛利率 | — | — |
| 营业利润率 | 1.5% | 27.3% |
| 净利率 | 0.0% | 13.7% |
| 营收同比 | 1.4% | 22.5% |
| 净利润同比 | -76.6% | 15.1% |
| 每股收益（稀释后） | $-0.01 | $0.53 |
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KNXNI
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.8B | $1.1B |
净利润KNXNI
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $257.8M | ||
| Q3 25 | $7.9M | $94.7M | ||
| Q2 25 | $34.2M | $102.2M | ||
| Q1 25 | $30.6M | $474.8M | ||
| Q4 24 | $69.5M | $223.9M | ||
| Q3 24 | $30.5M | $85.7M | ||
| Q2 24 | $20.3M | $85.8M |
营业利润率KNXNI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 27.3% | ||
| Q3 25 | 2.6% | 24.0% | ||
| Q2 25 | 3.9% | 21.1% | ||
| Q1 25 | 3.7% | 35.3% | ||
| Q4 24 | 4.2% | 27.1% | ||
| Q3 24 | 4.3% | 20.9% | ||
| Q2 24 | 3.4% | 22.5% |
净利率KNXNI
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 13.7% | ||
| Q3 25 | 0.4% | 7.6% | ||
| Q2 25 | 1.8% | 8.2% | ||
| Q1 25 | 1.7% | 22.1% | ||
| Q4 24 | 3.7% | 14.5% | ||
| Q3 24 | 1.6% | 8.2% | ||
| Q2 24 | 1.1% | 8.1% |
每股收益（稀释后）KNXNI
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $0.53 | ||
| Q3 25 | $0.05 | $0.20 | ||
| Q2 25 | $0.21 | $0.22 | ||
| Q1 25 | $0.19 | $1.00 | ||
| Q4 24 | $0.43 | $0.47 | ||
| Q3 24 | $0.19 | $0.19 | ||
| Q2 24 | $0.13 | $0.19 |
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 | $222.8M | $110.1M |
| 总债务越低越好 | — | $15.5B |
| 股东权益账面价值 | $7.1B | $9.5B |
| 总资产 | $11.9B | $35.9B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资KNXNI
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $110.1M | ||
| Q3 25 | $192.7M | $95.0M | ||
| Q2 25 | $216.3M | $335.4M | ||
| Q1 25 | $209.5M | $259.4M | ||
| Q4 24 | $218.3M | $156.6M | ||
| Q3 24 | $166.3M | $126.2M | ||
| Q2 24 | $186.5M | $101.2M |
总债务KNXNI
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $15.5B | ||
| Q3 25 | $1.9B | $14.5B | ||
| Q2 25 | $1.8B | $14.5B | ||
| Q1 25 | $1.8B | $12.8B | ||
| Q4 24 | $1.8B | $12.1B | ||
| Q3 24 | $1.9B | $12.1B | ||
| Q2 24 | $1.6B | $12.8B |
股东权益KNXNI
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $9.5B | ||
| Q3 25 | $7.1B | $9.1B | ||
| Q2 25 | $7.1B | $8.9B | ||
| Q1 25 | $7.1B | $8.9B | ||
| Q4 24 | $7.1B | $8.7B | ||
| Q3 24 | $7.1B | $8.3B | ||
| Q2 24 | $7.1B | $7.9B |
总资产KNXNI
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $35.9B | ||
| Q3 25 | $12.6B | $34.4B | ||
| Q2 25 | $12.5B | $34.0B | ||
| Q1 25 | $12.6B | $33.1B | ||
| Q4 24 | $12.7B | $31.8B | ||
| Q3 24 | $12.8B | $30.8B | ||
| Q2 24 | $12.6B | $29.9B |
负债/权益比KNXNI
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | 1.64× | ||
| Q3 25 | 0.26× | 1.59× | ||
| Q2 25 | 0.26× | 1.63× | ||
| Q1 25 | 0.26× | 1.44× | ||
| Q4 24 | 0.26× | 1.39× | ||
| Q3 24 | 0.26× | 1.45× | ||
| Q2 24 | 0.23× | 1.63× |
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 | $142.5M | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $56.9M | $-133.7M |
| 自由现金流率自由现金流/营收 | 3.1% | -7.1% |
| 资本支出强度资本支出/营收 | 4.6% | 44.9% |
| 现金转化率经营现金流/净利润 | 1484.79× | 2.76× |
| 过去12个月自由现金流最近4个季度 | — | $-420.0M |
8季度趋势，按日历期对齐
经营现金流KNXNI
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | $712.6M | ||
| Q3 25 | $217.5M | $467.9M | ||
| Q2 25 | $216.5M | $495.4M | ||
| Q1 25 | $109.4M | $686.4M | ||
| Q4 24 | $274.3M | $539.8M | ||
| Q3 24 | $214.0M | $340.0M | ||
| Q2 24 | $273.4M | $445.5M |
自由现金流KNXNI
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | $-133.7M | ||
| Q3 25 | — | $-172.6M | ||
| Q2 25 | — | $-162.8M | ||
| Q1 25 | — | $49.1M | ||
| Q4 24 | — | $-220.2M | ||
| Q3 24 | — | $-294.7M | ||
| Q2 24 | — | $-184.3M |
自由现金流率KNXNI
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | -13.9% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | -14.3% | ||
| Q3 24 | — | -28.2% | ||
| Q2 24 | — | -17.5% |
资本支出强度KNXNI
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | 44.9% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | — | 52.8% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 59.7% |
现金转化率KNXNI
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | 2.76× | ||
| Q3 25 | 27.67× | 4.94× | ||
| Q2 25 | 6.32× | 4.85× | ||
| Q1 25 | 3.57× | 1.45× | ||
| Q4 24 | 3.95× | 2.41× | ||
| Q3 24 | 7.03× | 3.97× | ||
| Q2 24 | 13.47× | 5.19× |
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
KNX
| Revenue, excluding truckload and LTL fuel surcharge | $1.6B | 89% |
| Truckload and LTL fuel surcharge | $212.2M | 11% |
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
