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LINDBLAD EXPEDITIONS HOLDINGS, INC.（LIND）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是LINDBLAD EXPEDITIONS HOLDINGS, INC.的8.0倍（$1.5B vs $183.2M）。RXO, Inc.净利率更高（-3.1% vs -12.9%，领先9.7%）。LINDBLAD EXPEDITIONS HOLDINGS, INC.同比增速更快（23.3% vs -11.9%）。LINDBLAD EXPEDITIONS HOLDINGS, INC.自由现金流更多（$3.5M vs $-9.0M）。过去两年RXO, Inc.的营收复合增速更高（26.8% vs 9.2%）
林德布拉德探险控股是一家专业探险旅行企业，总部位于美国纽约。目前公司运营15艘探险邮轮，载客量从28人到150人不等，可为旅行者提供覆盖全球七大洲目的地的探险邮轮旅程。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
LIND vs RXO — 直观对比
营收规模更大
RXO
是对方的8.0倍
$183.2M
营收增速更快
LIND
高出35.1%
-11.9%
净利率更高
RXO
高出9.7%
-12.9%
自由现金流更多
LIND
多$12.5M
$-9.0M
两年增速更快
RXO
近两年复合增速
9.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.2M | $1.5B |
| 净利润 | $-23.6M | $-46.0M |
| 毛利率 | 40.3% | — |
| 营业利润率 | -3.0% | -2.9% |
| 净利率 | -12.9% | -3.1% |
| 营收同比 | 23.3% | -11.9% |
| 净利润同比 | 6.0% | -84.0% |
| 每股收益（稀释后） | $-0.45 | $-0.28 |
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LINDRXO
| Q4 25 | $183.2M | $1.5B | ||
| Q3 25 | $240.2M | $1.4B | ||
| Q2 25 | $167.9M | $1.4B | ||
| Q1 25 | $179.7M | $1.4B | ||
| Q4 24 | $148.6M | $1.7B | ||
| Q3 24 | $206.0M | $1.0B | ||
| Q2 24 | $136.5M | $930.0M | ||
| Q1 24 | $153.6M | $913.0M |
净利润LINDRXO
| Q4 25 | $-23.6M | $-46.0M | ||
| Q3 25 | $1.2M | $-14.0M | ||
| Q2 25 | $-8.5M | $-9.0M | ||
| Q1 25 | $1.2M | $-31.0M | ||
| Q4 24 | $-25.0M | $-25.0M | ||
| Q3 24 | $22.5M | $-243.0M | ||
| Q2 24 | $-24.7M | $-7.0M | ||
| Q1 24 | $-4.0M | $-15.0M |
毛利率LINDRXO
| Q4 25 | 40.3% | — | ||
| Q3 25 | 48.2% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 42.5% | — | ||
| Q3 24 | 46.7% | — | ||
| Q2 24 | 39.2% | — | ||
| Q1 24 | 45.0% | — |
营业利润率LINDRXO
| Q4 25 | -3.0% | -2.9% | ||
| Q3 25 | 15.0% | -0.5% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 5.9% | -2.1% | ||
| Q4 24 | -5.1% | -1.4% | ||
| Q3 24 | 14.3% | -1.9% | ||
| Q2 24 | -6.0% | — | ||
| Q1 24 | 5.1% | -1.3% |
净利率LINDRXO
| Q4 25 | -12.9% | -3.1% | ||
| Q3 25 | 0.5% | -1.0% | ||
| Q2 25 | -5.1% | -0.6% | ||
| Q1 25 | 0.6% | -2.2% | ||
| Q4 24 | -16.9% | -1.5% | ||
| Q3 24 | 10.9% | -23.4% | ||
| Q2 24 | -18.1% | -0.8% | ||
| Q1 24 | -2.6% | -1.6% |
每股收益（稀释后）LINDRXO
| Q4 25 | $-0.45 | $-0.28 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $-0.18 | $-0.05 | ||
| Q1 25 | $0.00 | $-0.18 | ||
| Q4 24 | $-0.45 | $-0.17 | ||
| Q3 24 | $0.36 | $-1.81 | ||
| Q2 24 | $-0.48 | $-0.06 | ||
| Q1 24 | $-0.10 | $-0.13 |
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 | $256.7M | $17.0M |
| 总债务越低越好 | $662.7M | $387.0M |
| 股东权益账面价值 | $-284.5M | $1.5B |
| 总资产 | $980.0M | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资LINDRXO
| Q4 25 | $256.7M | $17.0M | ||
| Q3 25 | $261.8M | $25.0M | ||
| Q2 25 | $200.9M | $18.0M | ||
| Q1 25 | $188.9M | $16.0M | ||
| Q4 24 | $183.9M | $35.0M | ||
| Q3 24 | $193.9M | $55.0M | ||
| Q2 24 | $168.1M | $7.0M | ||
| Q1 24 | $177.7M | $7.0M |
总债务LINDRXO
| Q4 25 | $662.7M | $387.0M | ||
| Q3 25 | $663.5M | $387.0M | ||
| Q2 25 | $627.3M | $387.0M | ||
| Q1 25 | $626.4M | $387.0M | ||
| Q4 24 | $625.5M | $351.0M | ||
| Q3 24 | $624.5M | $352.0M | ||
| Q2 24 | $623.6M | $370.0M | ||
| Q1 24 | $622.7M | $351.0M |
股东权益LINDRXO
| Q4 25 | $-284.5M | $1.5B | ||
| Q3 25 | $-256.6M | $1.6B | ||
| Q2 25 | $-263.8M | $1.6B | ||
| Q1 25 | $-252.2M | $1.6B | ||
| Q4 24 | $-253.1M | $1.6B | ||
| Q3 24 | $-226.9M | $1.7B | ||
| Q2 24 | $-255.5M | $579.0M | ||
| Q1 24 | $-227.4M | $582.0M |
总资产LINDRXO
| Q4 25 | $980.0M | $3.3B | ||
| Q3 25 | $976.5M | $3.2B | ||
| Q2 25 | $936.5M | $3.2B | ||
| Q1 25 | $908.8M | $3.3B | ||
| Q4 24 | $876.9M | $3.4B | ||
| Q3 24 | $889.8M | $3.4B | ||
| Q2 24 | $858.3M | $1.8B | ||
| Q1 24 | $868.0M | $1.8B |
负债/权益比LINDRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $14.4M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $3.5M | $-9.0M |
| 自由现金流率自由现金流/营收 | 1.9% | -0.6% |
| 资本支出强度资本支出/营收 | 6.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $63.8M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流LINDRXO
| Q4 25 | $14.4M | $7.0M | ||
| Q3 25 | $19.5M | $23.0M | ||
| Q2 25 | $29.2M | $23.0M | ||
| Q1 25 | $48.4M | $-2.0M | ||
| Q4 24 | $1.7M | $-7.0M | ||
| Q3 24 | $28.1M | $-7.0M | ||
| Q2 24 | $18.6M | $-5.0M | ||
| Q1 24 | $43.9M | $7.0M |
自由现金流LINDRXO
| Q4 25 | $3.5M | $-9.0M | ||
| Q3 25 | $11.9M | $9.0M | ||
| Q2 25 | $13.5M | $9.0M | ||
| Q1 25 | $35.0M | $-17.0M | ||
| Q4 24 | $-8.2M | $-19.0M | ||
| Q3 24 | $18.4M | $-18.0M | ||
| Q2 24 | $11.2M | $-16.0M | ||
| Q1 24 | $37.4M | $-4.0M |
自由现金流率LINDRXO
| Q4 25 | 1.9% | -0.6% | ||
| Q3 25 | 5.0% | 0.6% | ||
| Q2 25 | 8.0% | 0.6% | ||
| Q1 25 | 19.5% | -1.2% | ||
| Q4 24 | -5.5% | -1.1% | ||
| Q3 24 | 8.9% | -1.7% | ||
| Q2 24 | 8.2% | -1.7% | ||
| Q1 24 | 24.4% | -0.4% |
资本支出强度LINDRXO
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 3.2% | 1.0% | ||
| Q2 25 | 9.4% | 1.0% | ||
| Q1 25 | 7.5% | 1.0% | ||
| Q4 24 | 6.6% | 0.7% | ||
| Q3 24 | 4.7% | 1.1% | ||
| Q2 24 | 5.4% | 1.2% | ||
| Q1 24 | 4.2% | 1.2% |
现金转化率LINDRXO
| Q4 25 | — | — | ||
| Q3 25 | 16.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 41.69× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LIND
| Guest Ticket | $96.5M | 53% |
| Landexperience | $67.3M | 37% |
| Other Tour | $19.4M | 11% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
