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蓝威斯顿（LW）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
RYDER SYSTEM INC的季度营收约是蓝威斯顿的2.0倍（$3.1B vs $1.6B），蓝威斯顿净利率更高（3.5% vs 3.0%，领先0.5%），蓝威斯顿同比增速更快（2.9% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-36.3M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs R — 直观对比
营收规模更大
R
是对方的2.0倍
$1.6B
营收增速更快
LW
高出1.9%
1.0%
净利率更高
LW
高出0.5%
3.0%
自由现金流更多
R
多$309.3M
$-36.3M
两年增速更快
R
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $3.1B |
| 净利润 | $54.0M | $93.0M |
| 毛利率 | 21.2% | — |
| 营业利润率 | 8.1% | — |
| 净利率 | 3.5% | 3.0% |
| 营收同比 | 2.9% | 1.0% |
| 净利润同比 | -63.0% | -5.1% |
| 每股收益（稀释后） | $0.39 | $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LWR
| Q1 26 | $1.6B | $3.1B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.7B | $3.2B | ||
| Q2 24 | $1.6B | $3.2B |
净利润LWR
| Q1 26 | $54.0M | $93.0M | ||
| Q4 25 | $62.1M | $132.0M | ||
| Q3 25 | $64.3M | $138.0M | ||
| Q2 25 | $119.9M | $131.0M | ||
| Q1 25 | $146.0M | $98.0M | ||
| Q4 24 | $-36.1M | $135.0M | ||
| Q3 24 | $127.4M | $142.0M | ||
| Q2 24 | $129.6M | $127.0M |
毛利率LWR
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 24.1% | — |
营业利润率LWR
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 5.6% | ||
| Q3 25 | 9.4% | 6.0% | ||
| Q2 25 | 11.1% | 5.8% | ||
| Q1 25 | 16.4% | 4.3% | ||
| Q4 24 | 1.2% | 5.7% | ||
| Q3 24 | 12.8% | 5.9% | ||
| Q2 24 | 13.2% | 5.6% |
净利率LWR
| Q1 26 | 3.5% | 3.0% | ||
| Q4 25 | 3.8% | 4.2% | ||
| Q3 25 | 3.9% | 4.4% | ||
| Q2 25 | 7.2% | 4.1% | ||
| Q1 25 | 9.6% | 3.1% | ||
| Q4 24 | -2.3% | 4.2% | ||
| Q3 24 | 7.7% | 4.5% | ||
| Q2 24 | 8.0% | 4.0% |
每股收益（稀释后）LWR
| Q1 26 | $0.39 | $2.34 | ||
| Q4 25 | $0.44 | $3.22 | ||
| Q3 25 | $0.46 | $3.32 | ||
| Q2 25 | $0.84 | $3.13 | ||
| Q1 25 | $1.03 | $2.27 | ||
| Q4 24 | $-0.25 | $3.09 | ||
| Q3 24 | $0.88 | $3.24 | ||
| Q2 24 | $0.89 | $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 | $57.5M | $182.0M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $1.8B | $2.9B |
| 总资产 | $7.4B | — |
| 负债/权益比越低杠杆越低 | 1.99× | — |
8季度趋势，按日历期对齐
现金及短期投资LWR
| Q1 26 | $57.5M | $182.0M | ||
| Q4 25 | $82.7M | $198.0M | ||
| Q3 25 | $98.6M | $189.0M | ||
| Q2 25 | $70.7M | $180.0M | ||
| Q1 25 | $67.5M | $151.0M | ||
| Q4 24 | $79.0M | $154.0M | ||
| Q3 24 | $120.8M | $162.0M | ||
| Q2 24 | $71.4M | $164.0M |
总债务LWR
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $6.8B | ||
| Q3 25 | $3.7B | $7.3B | ||
| Q2 25 | $3.7B | $7.0B | ||
| Q1 25 | $3.7B | $6.7B | ||
| Q4 24 | $3.7B | $6.7B | ||
| Q3 24 | $3.4B | $6.6B | ||
| Q2 24 | $3.4B | $6.5B |
股东权益LWR
| Q1 26 | $1.8B | $2.9B | ||
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.8B | $3.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.8B | $3.1B |
总资产LWR
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $16.4B | ||
| Q3 25 | $7.2B | $16.5B | ||
| Q2 25 | $7.4B | $16.5B | ||
| Q1 25 | $7.4B | $16.4B | ||
| Q4 24 | $7.5B | $16.7B | ||
| Q3 24 | $7.5B | $16.5B | ||
| Q2 24 | $7.4B | $16.4B |
负债/权益比LWR
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 2.24× | ||
| Q3 25 | 2.05× | 2.35× | ||
| Q2 25 | 2.12× | 2.27× | ||
| Q1 25 | 2.25× | 2.21× | ||
| Q4 24 | 2.26× | 2.14× | ||
| Q3 24 | 1.87× | 2.17× | ||
| Q2 24 | 1.92× | 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 | $65.2M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $273.0M |
| 自由现金流率自由现金流/营收 | -2.3% | 8.7% |
| 资本支出强度资本支出/营收 | 6.5% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.21× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $569.2M | $595.0M |
8季度趋势，按日历期对齐
经营现金流LWR
| Q1 26 | $65.2M | $583.0M | ||
| Q4 25 | $178.4M | $749.0M | ||
| Q3 25 | $352.0M | $442.0M | ||
| Q2 25 | $868.3M | $752.0M | ||
| Q1 25 | $56.0M | $651.0M | ||
| Q4 24 | $99.1M | $558.0M | ||
| Q3 24 | $330.2M | $629.0M | ||
| Q2 24 | $798.2M | $552.0M |
自由现金流LWR
| Q1 26 | $-36.3M | $273.0M | ||
| Q4 25 | $101.0M | $344.0M | ||
| Q3 25 | $274.4M | $-85.0M | ||
| Q2 25 | $230.1M | $63.0M | ||
| Q1 25 | $-19.8M | $137.0M | ||
| Q4 24 | $-49.6M | $-201.0M | ||
| Q3 24 | $4.3M | $30.0M | ||
| Q2 24 | $-131.3M | $-87.0M |
自由现金流率LWR
| Q1 26 | -2.3% | 8.7% | ||
| Q4 25 | 6.2% | 10.8% | ||
| Q3 25 | 16.5% | -2.7% | ||
| Q2 25 | 13.7% | 2.0% | ||
| Q1 25 | -1.3% | 4.4% | ||
| Q4 24 | -3.1% | -6.3% | ||
| Q3 24 | 0.3% | 0.9% | ||
| Q2 24 | -8.1% | -2.7% |
资本支出强度LWR
| Q1 26 | 6.5% | 13.7% | ||
| Q4 25 | 4.8% | 12.8% | ||
| Q3 25 | 4.7% | 16.6% | ||
| Q2 25 | 38.1% | 21.6% | ||
| Q1 25 | 5.0% | 16.4% | ||
| Q4 24 | 9.3% | 23.8% | ||
| Q3 24 | 19.7% | 18.9% | ||
| Q2 24 | 57.7% | 20.1% |
现金转化率LWR
| Q1 26 | 1.21× | 6.27× | ||
| Q4 25 | 2.87× | 5.67× | ||
| Q3 25 | 5.47× | 3.20× | ||
| Q2 25 | 7.24× | 5.74× | ||
| Q1 25 | 0.38× | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 2.59× | 4.43× | ||
| Q2 24 | 6.16× | 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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
