vs
林德（LIN）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
林德的季度营收约是RYDER SYSTEM INC的2.8倍（$8.8B vs $3.1B），林德净利率更高（17.5% vs 3.0%，领先14.5%），林德同比增速更快（5.8% vs 1.0%），林德自由现金流更多（$1.6B vs $273.0M），过去两年林德的营收复合增速更高（4.0% vs -0.9%）
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
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。
LIN vs R — 直观对比
营收规模更大
LIN
是对方的2.8倍
$3.1B
营收增速更快
LIN
高出4.8%
1.0%
净利率更高
LIN
高出14.5%
3.0%
自由现金流更多
LIN
多$1.3B
$273.0M
两年增速更快
LIN
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.8B | $3.1B |
| 净利润 | $1.5B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 23.0% | — |
| 净利率 | 17.5% | 3.0% |
| 营收同比 | 5.8% | 1.0% |
| 净利润同比 | -11.3% | -5.1% |
| 每股收益（稀释后） | $3.28 | $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LINR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $8.8B | $3.2B | ||
| Q3 25 | $8.6B | $3.2B | ||
| Q2 25 | $8.5B | $3.2B | ||
| Q1 25 | $8.1B | $3.1B | ||
| Q4 24 | $8.3B | $3.2B | ||
| Q3 24 | $8.4B | $3.2B | ||
| Q2 24 | $8.3B | $3.2B |
净利润LINR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $1.5B | $132.0M | ||
| Q3 25 | $1.9B | $138.0M | ||
| Q2 25 | $1.8B | $131.0M | ||
| Q1 25 | $1.7B | $98.0M | ||
| Q4 24 | $1.7B | $135.0M | ||
| Q3 24 | $1.6B | $142.0M | ||
| Q2 24 | $1.7B | $127.0M |
营业利润率LINR
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | 5.6% | ||
| Q3 25 | 27.5% | 6.0% | ||
| Q2 25 | 27.7% | 5.8% | ||
| Q1 25 | 26.9% | 4.3% | ||
| Q4 24 | 27.4% | 5.7% | ||
| Q3 24 | 25.0% | 5.9% | ||
| Q2 24 | 26.4% | 5.6% |
净利率LINR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 17.5% | 4.2% | ||
| Q3 25 | 22.4% | 4.4% | ||
| Q2 25 | 20.8% | 4.1% | ||
| Q1 25 | 20.6% | 3.1% | ||
| Q4 24 | 20.8% | 4.2% | ||
| Q3 24 | 18.5% | 4.5% | ||
| Q2 24 | 20.1% | 4.0% |
每股收益（稀释后）LINR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $3.28 | $3.22 | ||
| Q3 25 | $4.09 | $3.32 | ||
| Q2 25 | $3.73 | $3.13 | ||
| Q1 25 | $3.51 | $2.27 | ||
| Q4 24 | $3.61 | $3.09 | ||
| Q3 24 | $3.22 | $3.24 | ||
| Q2 24 | $3.44 | $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 | $5.1B | $182.0M |
| 总债务越低越好 | $20.7B | — |
| 股东权益账面价值 | $38.2B | $2.9B |
| 总资产 | $86.8B | — |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资LINR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $5.1B | $198.0M | ||
| Q3 25 | $4.5B | $189.0M | ||
| Q2 25 | $4.8B | $180.0M | ||
| Q1 25 | $5.3B | $151.0M | ||
| Q4 24 | $4.8B | $154.0M | ||
| Q3 24 | $5.2B | $162.0M | ||
| Q2 24 | $4.6B | $164.0M |
总债务LINR
| Q1 26 | — | — | ||
| Q4 25 | $20.7B | $6.8B | ||
| Q3 25 | $18.6B | $7.3B | ||
| Q2 25 | $19.7B | $7.0B | ||
| Q1 25 | $17.6B | $6.7B | ||
| Q4 24 | $15.3B | $6.7B | ||
| Q3 24 | $17.5B | $6.6B | ||
| Q2 24 | $16.9B | $6.5B |
股东权益LINR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $38.2B | $3.1B | ||
| Q3 25 | $38.6B | $3.1B | ||
| Q2 25 | $38.5B | $3.1B | ||
| Q1 25 | $38.0B | $3.0B | ||
| Q4 24 | $38.1B | $3.1B | ||
| Q3 24 | $39.2B | $3.1B | ||
| Q2 24 | $38.2B | $3.1B |
总资产LINR
| Q1 26 | — | — | ||
| Q4 25 | $86.8B | $16.4B | ||
| Q3 25 | $86.0B | $16.5B | ||
| Q2 25 | $86.1B | $16.5B | ||
| Q1 25 | $82.7B | $16.4B | ||
| Q4 24 | $80.1B | $16.7B | ||
| Q3 24 | $82.5B | $16.5B | ||
| Q2 24 | $80.2B | $16.4B |
负债/权益比LINR
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 2.24× | ||
| Q3 25 | 0.48× | 2.35× | ||
| Q2 25 | 0.51× | 2.27× | ||
| Q1 25 | 0.46× | 2.21× | ||
| Q4 24 | 0.40× | 2.14× | ||
| Q3 24 | 0.45× | 2.17× | ||
| Q2 24 | 0.44× | 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 | $3.0B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $273.0M |
| 自由现金流率自由现金流/营收 | 17.9% | 8.7% |
| 资本支出强度资本支出/营收 | 16.6% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $5.1B | $595.0M |
8季度趋势，按日历期对齐
经营现金流LINR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $3.0B | $749.0M | ||
| Q3 25 | $2.9B | $442.0M | ||
| Q2 25 | $2.2B | $752.0M | ||
| Q1 25 | $2.2B | $651.0M | ||
| Q4 24 | $2.8B | $558.0M | ||
| Q3 24 | $2.7B | $629.0M | ||
| Q2 24 | $1.9B | $552.0M |
自由现金流LINR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.6B | $344.0M | ||
| Q3 25 | $1.7B | $-85.0M | ||
| Q2 25 | $954.0M | $63.0M | ||
| Q1 25 | $891.0M | $137.0M | ||
| Q4 24 | $1.6B | $-201.0M | ||
| Q3 24 | $1.7B | $30.0M | ||
| Q2 24 | $796.0M | $-87.0M |
自由现金流率LINR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 17.9% | 10.8% | ||
| Q3 25 | 19.4% | -2.7% | ||
| Q2 25 | 11.2% | 2.0% | ||
| Q1 25 | 11.0% | 4.4% | ||
| Q4 24 | 18.8% | -6.3% | ||
| Q3 24 | 19.9% | 0.9% | ||
| Q2 24 | 9.6% | -2.7% |
资本支出强度LINR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 16.6% | 12.8% | ||
| Q3 25 | 14.8% | 16.6% | ||
| Q2 25 | 14.8% | 21.6% | ||
| Q1 25 | 15.7% | 16.4% | ||
| Q4 24 | 15.1% | 23.8% | ||
| Q3 24 | 12.8% | 18.9% | ||
| Q2 24 | 13.7% | 20.1% |
现金转化率LINR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.98× | 5.67× | ||
| Q3 25 | 1.53× | 3.20× | ||
| Q2 25 | 1.25× | 5.74× | ||
| Q1 25 | 1.29× | 6.64× | ||
| Q4 24 | 1.63× | 4.13× | ||
| Q3 24 | 1.76× | 4.43× | ||
| Q2 24 | 1.16× | 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
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
