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LPL Financial Holdings Inc.（LPLA）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
LPL Financial Holdings Inc.的季度营收约是RYDER SYSTEM INC的1.6倍（$4.9B vs $3.1B），LPL Financial Holdings Inc.净利率更高（7.2% vs 3.0%，领先4.2%），LPL Financial Holdings Inc.同比增速更快（34.6% vs 1.0%），过去两年LPL Financial Holdings Inc.的营收复合增速更高（29.8% vs -0.9%）
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
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。
LPLA vs R — 直观对比
营收规模更大
LPLA
是对方的1.6倍
$3.1B
营收增速更快
LPLA
高出33.6%
1.0%
净利率更高
LPLA
高出4.2%
3.0%
两年增速更快
LPLA
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.1B |
| 净利润 | $356.4M | $93.0M |
| 毛利率 | 32.3% | — |
| 营业利润率 | — | — |
| 净利率 | 7.2% | 3.0% |
| 营收同比 | 34.6% | 1.0% |
| 净利润同比 | — | -5.1% |
| 每股收益（稀释后） | $4.43 | $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LPLAR
| Q1 26 | $4.9B | $3.1B | ||
| Q4 25 | $4.9B | $3.2B | ||
| Q3 25 | $4.6B | $3.2B | ||
| Q2 25 | $3.8B | $3.2B | ||
| Q1 25 | $3.7B | $3.1B | ||
| Q4 24 | $3.5B | $3.2B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.2B |
净利润LPLAR
| Q1 26 | $356.4M | $93.0M | ||
| Q4 25 | $300.7M | $132.0M | ||
| Q3 25 | $-29.5M | $138.0M | ||
| Q2 25 | $273.2M | $131.0M | ||
| Q1 25 | $318.6M | $98.0M | ||
| Q4 24 | $270.7M | $135.0M | ||
| Q3 24 | $255.3M | $142.0M | ||
| Q2 24 | $243.8M | $127.0M |
毛利率LPLAR
| Q1 26 | 32.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率LPLAR
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 5.6% | ||
| Q3 25 | -0.7% | 6.0% | ||
| Q2 25 | 9.6% | 5.8% | ||
| Q1 25 | 11.4% | 4.3% | ||
| Q4 24 | 9.7% | 5.7% | ||
| Q3 24 | 11.2% | 5.9% | ||
| Q2 24 | 11.3% | 5.6% |
净利率LPLAR
| Q1 26 | 7.2% | 3.0% | ||
| Q4 25 | 6.1% | 4.2% | ||
| Q3 25 | -0.6% | 4.4% | ||
| Q2 25 | 7.1% | 4.1% | ||
| Q1 25 | 8.7% | 3.1% | ||
| Q4 24 | 7.7% | 4.2% | ||
| Q3 24 | 8.2% | 4.5% | ||
| Q2 24 | 8.3% | 4.0% |
每股收益（稀释后）LPLAR
| Q1 26 | $4.43 | $2.34 | ||
| Q4 25 | $3.65 | $3.22 | ||
| Q3 25 | $-0.37 | $3.32 | ||
| Q2 25 | $3.40 | $3.13 | ||
| Q1 25 | $4.24 | $2.27 | ||
| Q4 24 | $3.58 | $3.09 | ||
| Q3 24 | $3.39 | $3.24 | ||
| Q2 24 | $3.23 | $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 | $1.0B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.7B | $2.9B |
| 总资产 | $18.8B | — |
| 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LPLAR
| Q1 26 | $1.0B | $182.0M | ||
| Q4 25 | $1.1B | $198.0M | ||
| Q3 25 | $1.6B | $189.0M | ||
| Q2 25 | $4.3B | $180.0M | ||
| Q1 25 | $1.4B | $151.0M | ||
| Q4 24 | $1.0B | $154.0M | ||
| Q3 24 | $1.6B | $162.0M | ||
| Q2 24 | $1.4B | $164.0M |
总债务LPLAR
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $6.8B | ||
| Q3 25 | $7.5B | $7.3B | ||
| Q2 25 | $7.2B | $7.0B | ||
| Q1 25 | $5.7B | $6.7B | ||
| Q4 24 | $5.5B | $6.7B | ||
| Q3 24 | $4.4B | $6.6B | ||
| Q2 24 | $4.4B | $6.5B |
股东权益LPLAR
| Q1 26 | $5.7B | $2.9B | ||
| Q4 25 | $5.3B | $3.1B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $5.1B | $3.1B | ||
| Q1 25 | $3.1B | $3.0B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $2.5B | $3.1B |
总资产LPLAR
| Q1 26 | $18.8B | — | ||
| Q4 25 | $18.5B | $16.4B | ||
| Q3 25 | $18.0B | $16.5B | ||
| Q2 25 | $17.5B | $16.5B | ||
| Q1 25 | $14.0B | $16.4B | ||
| Q4 24 | $13.3B | $16.7B | ||
| Q3 24 | $11.9B | $16.5B | ||
| Q2 24 | $11.5B | $16.4B |
负债/权益比LPLAR
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 2.24× | ||
| Q3 25 | 1.49× | 2.35× | ||
| Q2 25 | 1.41× | 2.27× | ||
| Q1 25 | 1.82× | 2.21× | ||
| Q4 24 | 1.87× | 2.14× | ||
| Q3 24 | 1.60× | 2.17× | ||
| Q2 24 | 1.77× | 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 | — | $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 | 0.0% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 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LPLAR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $785.0M | $749.0M | ||
| Q3 25 | $-1.7B | $442.0M | ||
| Q2 25 | $193.3M | $752.0M | ||
| Q1 25 | $339.8M | $651.0M | ||
| Q4 24 | $-178.8M | $558.0M | ||
| Q3 24 | $209.3M | $629.0M | ||
| Q2 24 | $-178.9M | $552.0M |
自由现金流LPLAR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $613.3M | $344.0M | ||
| Q3 25 | $-1.9B | $-85.0M | ||
| Q2 25 | $56.3M | $63.0M | ||
| Q1 25 | $220.3M | $137.0M | ||
| Q4 24 | $-344.3M | $-201.0M | ||
| Q3 24 | $62.3M | $30.0M | ||
| Q2 24 | $-307.8M | $-87.0M |
自由现金流率LPLAR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 12.4% | 10.8% | ||
| Q3 25 | -41.1% | -2.7% | ||
| Q2 25 | 1.5% | 2.0% | ||
| Q1 25 | 6.0% | 4.4% | ||
| Q4 24 | -9.8% | -6.3% | ||
| Q3 24 | 2.0% | 0.9% | ||
| Q2 24 | -10.5% | -2.7% |
资本支出强度LPLAR
| Q1 26 | 0.0% | 13.7% | ||
| Q4 25 | 3.5% | 12.8% | ||
| Q3 25 | 3.1% | 16.6% | ||
| Q2 25 | 3.6% | 21.6% | ||
| Q1 25 | 3.3% | 16.4% | ||
| Q4 24 | 4.7% | 23.8% | ||
| Q3 24 | 4.7% | 18.9% | ||
| Q2 24 | 4.4% | 20.1% |
现金转化率LPLAR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.61× | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | 0.71× | 5.74× | ||
| Q1 25 | 1.07× | 6.64× | ||
| Q4 24 | -0.66× | 4.13× | ||
| Q3 24 | 0.82× | 4.43× | ||
| Q2 24 | -0.73× | 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
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
