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万事达卡（MA）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
万事达卡的季度营收约是RYDER SYSTEM INC的2.8倍（$8.8B vs $3.1B），万事达卡净利率更高（46.1% vs 3.0%，领先43.1%），万事达卡同比增速更快（17.6% vs 1.0%），万事达卡自由现金流更多（$4.9B vs $273.0M），过去两年万事达卡的营收复合增速更高（17.8% vs -0.9%）
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
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。
MA vs R — 直观对比
营收规模更大
MA
是对方的2.8倍
$3.1B
营收增速更快
MA
高出16.6%
1.0%
净利率更高
MA
高出43.1%
3.0%
自由现金流更多
MA
多$4.6B
$273.0M
两年增速更快
MA
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 | $4.1B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 55.8% | — |
| 净利率 | 46.1% | 3.0% |
| 营收同比 | 17.6% | 1.0% |
| 净利润同比 | 21.5% | -5.1% |
| 每股收益（稀释后） | $4.52 | $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MAR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $8.8B | $3.2B | ||
| Q3 25 | $8.6B | $3.2B | ||
| Q2 25 | $8.1B | $3.2B | ||
| Q1 25 | $7.3B | $3.1B | ||
| Q4 24 | $7.5B | $3.2B | ||
| Q3 24 | $7.4B | $3.2B | ||
| Q2 24 | $7.0B | $3.2B |
净利润MAR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $4.1B | $132.0M | ||
| Q3 25 | $3.9B | $138.0M | ||
| Q2 25 | $3.7B | $131.0M | ||
| Q1 25 | $3.3B | $98.0M | ||
| Q4 24 | $3.3B | $135.0M | ||
| Q3 24 | $3.3B | $142.0M | ||
| Q2 24 | $3.3B | $127.0M |
营业利润率MAR
| Q1 26 | — | — | ||
| Q4 25 | 55.8% | 5.6% | ||
| Q3 25 | 58.8% | 6.0% | ||
| Q2 25 | 58.7% | 5.8% | ||
| Q1 25 | 57.2% | 4.3% | ||
| Q4 24 | 52.6% | 5.7% | ||
| Q3 24 | 54.3% | 5.9% | ||
| Q2 24 | 58.0% | 5.6% |
净利率MAR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 46.1% | 4.2% | ||
| Q3 25 | 45.7% | 4.4% | ||
| Q2 25 | 45.5% | 4.1% | ||
| Q1 25 | 45.2% | 3.1% | ||
| Q4 24 | 44.6% | 4.2% | ||
| Q3 24 | 44.3% | 4.5% | ||
| Q2 24 | 46.8% | 4.0% |
每股收益（稀释后）MAR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $4.52 | $3.22 | ||
| Q3 25 | $4.34 | $3.32 | ||
| Q2 25 | $4.07 | $3.13 | ||
| Q1 25 | $3.59 | $2.27 | ||
| Q4 24 | $3.64 | $3.09 | ||
| Q3 24 | $3.53 | $3.24 | ||
| Q2 24 | $3.50 | $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 | $10.6B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.9B |
| 总资产 | $54.2B | — |
| 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MAR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $10.6B | $198.0M | ||
| Q3 25 | $10.3B | $189.0M | ||
| Q2 25 | $9.0B | $180.0M | ||
| Q1 25 | $7.6B | $151.0M | ||
| Q4 24 | $8.4B | $154.0M | ||
| Q3 24 | $11.1B | $162.0M | ||
| Q2 24 | $7.0B | $164.0M |
总债务MAR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益MAR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $7.7B | $3.1B | ||
| Q3 25 | $7.9B | $3.1B | ||
| Q2 25 | $7.9B | $3.1B | ||
| Q1 25 | $6.7B | $3.0B | ||
| Q4 24 | $6.5B | $3.1B | ||
| Q3 24 | $7.4B | $3.1B | ||
| Q2 24 | $7.4B | $3.1B |
总资产MAR
| Q1 26 | — | — | ||
| Q4 25 | $54.2B | $16.4B | ||
| Q3 25 | $53.3B | $16.5B | ||
| Q2 25 | $51.4B | $16.5B | ||
| Q1 25 | $48.5B | $16.4B | ||
| Q4 24 | $48.1B | $16.7B | ||
| Q3 24 | $47.2B | $16.5B | ||
| Q2 24 | $42.3B | $16.4B |
负债/权益比MAR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 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 | $5.0B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $4.9B | $273.0M |
| 自由现金流率自由现金流/营收 | 55.5% | 8.7% |
| 资本支出强度资本支出/营收 | 1.3% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.23× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $17.2B | $595.0M |
8季度趋势，按日历期对齐
经营现金流MAR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $5.0B | $749.0M | ||
| Q3 25 | $5.7B | $442.0M | ||
| Q2 25 | $4.6B | $752.0M | ||
| Q1 25 | $2.4B | $651.0M | ||
| Q4 24 | $4.8B | $558.0M | ||
| Q3 24 | $5.1B | $629.0M | ||
| Q2 24 | $3.1B | $552.0M |
自由现金流MAR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $4.9B | $344.0M | ||
| Q3 25 | $5.5B | $-85.0M | ||
| Q2 25 | $4.6B | $63.0M | ||
| Q1 25 | $2.2B | $137.0M | ||
| Q4 24 | $4.7B | $-201.0M | ||
| Q3 24 | $5.0B | $30.0M | ||
| Q2 24 | $3.0B | $-87.0M |
自由现金流率MAR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 55.5% | 10.8% | ||
| Q3 25 | 63.8% | -2.7% | ||
| Q2 25 | 56.1% | 2.0% | ||
| Q1 25 | 30.6% | 4.4% | ||
| Q4 24 | 63.3% | -6.3% | ||
| Q3 24 | 68.2% | 0.9% | ||
| Q2 24 | 43.4% | -2.7% |
资本支出强度MAR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.3% | 12.8% | ||
| Q3 25 | 2.1% | 16.6% | ||
| Q2 25 | 0.5% | 21.6% | ||
| Q1 25 | 2.2% | 16.4% | ||
| Q4 24 | 1.3% | 23.8% | ||
| Q3 24 | 1.5% | 18.9% | ||
| Q2 24 | 1.7% | 20.1% |
现金转化率MAR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.23× | 5.67× | ||
| Q3 25 | 1.44× | 3.20× | ||
| Q2 25 | 1.24× | 5.74× | ||
| Q1 25 | 0.73× | 6.64× | ||
| Q4 24 | 1.45× | 4.13× | ||
| Q3 24 | 1.57× | 4.43× | ||
| Q2 24 | 0.96× | 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
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
