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Knight-Swift Transportation Holdings Inc.（KNX）与XPO, Inc.（XPO）财务数据对比。点击上方公司名可切换其他公司
XPO, Inc.的季度营收约是Knight-Swift Transportation Holdings Inc.的1.1倍（$2.0B vs $1.9B），XPO, Inc.净利率更高（2.9% vs 0.0%，领先2.9%），XPO, Inc.同比增速更快（4.7% vs 1.4%），过去两年Knight-Swift Transportation Holdings Inc.的营收复合增速更高（0.1% 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。
XPO Inc.（原XPO物流）是美国交通运输企业，主营北美区域零担货运业务，总部位于康涅狄格州格林尼治，全球共设592个运营网点。作为北美第二大零担货运服务商，其服务覆盖99%的美国邮政编码区域。
KNX vs XPO — 直观对比
营收规模更大
XPO
是对方的1.1倍
$1.9B
营收增速更快
XPO
高出3.3%
1.4%
净利率更高
XPO
高出2.9%
0.0%
两年增速更快
KNX
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.0B |
| 净利润 | $96.0K | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.5% | 7.1% |
| 净利率 | 0.0% | 2.9% |
| 营收同比 | 1.4% | 4.7% |
| 净利润同比 | -76.6% | -21.3% |
| 每股收益（稀释后） | $-0.01 | $0.49 |
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KNXXPO
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $1.8B | $2.1B |
净利润KNXXPO
| Q1 26 | $96.0K | — | ||
| Q4 25 | $-6.8M | $59.0M | ||
| Q3 25 | $7.9M | $82.0M | ||
| Q2 25 | $34.2M | $106.0M | ||
| Q1 25 | $30.6M | $69.0M | ||
| Q4 24 | $69.5M | $75.0M | ||
| Q3 24 | $30.5M | $95.0M | ||
| Q2 24 | $20.3M | $150.0M |
营业利润率KNXXPO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | 7.1% | ||
| Q3 25 | 2.6% | 7.8% | ||
| Q2 25 | 3.9% | 9.5% | ||
| Q1 25 | 3.7% | 7.7% | ||
| Q4 24 | 4.2% | 7.8% | ||
| Q3 24 | 4.3% | 8.6% | ||
| Q2 24 | 3.4% | 9.5% |
净利率KNXXPO
| Q1 26 | 0.0% | — | ||
| Q4 25 | -0.4% | 2.9% | ||
| Q3 25 | 0.4% | 3.9% | ||
| Q2 25 | 1.8% | 5.1% | ||
| Q1 25 | 1.7% | 3.5% | ||
| Q4 24 | 3.7% | 3.9% | ||
| Q3 24 | 1.6% | 4.6% | ||
| Q2 24 | 1.1% | 7.2% |
每股收益（稀释后）KNXXPO
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.04 | $0.49 | ||
| Q3 25 | $0.05 | $0.68 | ||
| Q2 25 | $0.21 | $0.89 | ||
| Q1 25 | $0.19 | $0.58 | ||
| Q4 24 | $0.43 | $0.63 | ||
| Q3 24 | $0.19 | $0.79 | ||
| Q2 24 | $0.13 | $1.25 |
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 | $310.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $1.9B |
| 总资产 | $11.9B | $8.2B |
| 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KNXXPO
| Q1 26 | $222.8M | — | ||
| Q4 25 | $220.4M | $310.0M | ||
| Q3 25 | $192.7M | $335.0M | ||
| Q2 25 | $216.3M | $225.0M | ||
| Q1 25 | $209.5M | $212.0M | ||
| Q4 24 | $218.3M | $246.0M | ||
| Q3 24 | $166.3M | $378.0M | ||
| Q2 24 | $186.5M | $250.0M |
总债务KNXXPO
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.6B | — |
股东权益KNXXPO
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.1B | $1.9B | ||
| Q3 25 | $7.1B | $1.8B | ||
| Q2 25 | $7.1B | $1.8B | ||
| Q1 25 | $7.1B | $1.6B | ||
| Q4 24 | $7.1B | $1.6B | ||
| Q3 24 | $7.1B | $1.6B | ||
| Q2 24 | $7.1B | $1.5B |
总资产KNXXPO
| Q1 26 | $11.9B | — | ||
| Q4 25 | $12.0B | $8.2B | ||
| Q3 25 | $12.6B | $8.2B | ||
| Q2 25 | $12.5B | $8.1B | ||
| Q1 25 | $12.6B | $7.9B | ||
| Q4 24 | $12.7B | $7.7B | ||
| Q3 24 | $12.8B | $7.9B | ||
| Q2 24 | $12.6B | $7.7B |
负债/权益比KNXXPO
| Q1 26 | — | — | ||
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.23× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $56.9M | — |
| 自由现金流率自由现金流/营收 | 3.1% | — |
| 资本支出强度资本支出/营收 | 4.6% | 5.3% |
| 现金转化率经营现金流/净利润 | 1484.79× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流KNXXPO
| Q1 26 | $142.5M | — | ||
| Q4 25 | $723.2M | — | ||
| Q3 25 | $217.5M | $371.0M | ||
| Q2 25 | $216.5M | $247.0M | ||
| Q1 25 | $109.4M | $142.0M | ||
| Q4 24 | $274.3M | $189.0M | ||
| Q3 24 | $214.0M | $264.0M | ||
| Q2 24 | $273.4M | $210.0M |
自由现金流KNXXPO
| Q1 26 | $56.9M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $51.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $23.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $20.0M |
自由现金流率KNXXPO
| Q1 26 | 3.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 1.0% |
资本支出强度KNXXPO
| Q1 26 | 4.6% | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 9.1% |
现金转化率KNXXPO
| Q1 26 | 1484.79× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 27.67× | 4.52× | ||
| Q2 25 | 6.32× | 2.33× | ||
| Q1 25 | 3.57× | 2.06× | ||
| Q4 24 | 3.95× | 2.52× | ||
| Q3 24 | 7.03× | 2.78× | ||
| Q2 24 | 13.47× | 1.40× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
