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M&T Bank（MTB）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M&T Bank的1.3倍（$3.1B vs $2.5B），M&T Bank净利率更高（30.7% vs 3.0%，领先27.7%），M&T Bank同比增速更快（3.8% vs 1.0%），过去两年M&T Bank的营收复合增速更高（4.6% vs -0.9%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
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。
MTB vs R — 直观对比
营收规模更大
R
是对方的1.3倍
$2.5B
营收增速更快
MTB
高出2.8%
1.0%
净利率更高
MTB
高出27.7%
3.0%
两年增速更快
MTB
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.1B |
| 净利润 | $759.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | — |
| 净利率 | 30.7% | 3.0% |
| 营收同比 | 3.8% | 1.0% |
| 净利润同比 | 11.5% | -5.1% |
| 每股收益（稀释后） | $4.62 | $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MTBR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $2.3B | $3.1B | ||
| Q4 24 | $2.4B | $3.2B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.3B | $3.2B |
净利润MTBR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $759.0M | $132.0M | ||
| Q3 25 | $792.0M | $138.0M | ||
| Q2 25 | $716.0M | $131.0M | ||
| Q1 25 | $584.0M | $98.0M | ||
| Q4 24 | $681.0M | $135.0M | ||
| Q3 24 | $721.0M | $142.0M | ||
| Q2 24 | $655.0M | $127.0M |
营业利润率MTBR
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | 5.6% | ||
| Q3 25 | 40.8% | 6.0% | ||
| Q2 25 | 39.0% | 5.8% | ||
| Q1 25 | 33.0% | 4.3% | ||
| Q4 24 | 37.0% | 5.7% | ||
| Q3 24 | 39.0% | 5.9% | ||
| Q2 24 | 37.1% | 5.6% |
净利率MTBR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 30.7% | 4.2% | ||
| Q3 25 | 31.5% | 4.4% | ||
| Q2 25 | 29.9% | 4.1% | ||
| Q1 25 | 25.3% | 3.1% | ||
| Q4 24 | 28.6% | 4.2% | ||
| Q3 24 | 30.9% | 4.5% | ||
| Q2 24 | 28.5% | 4.0% |
每股收益（稀释后）MTBR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $4.62 | $3.22 | ||
| Q3 25 | $4.82 | $3.32 | ||
| Q2 25 | $4.24 | $3.13 | ||
| Q1 25 | $3.32 | $2.27 | ||
| Q4 24 | $3.87 | $3.09 | ||
| Q3 24 | $4.02 | $3.24 | ||
| Q2 24 | $3.73 | $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 | — | $182.0M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $29.2B | $2.9B |
| 总资产 | $213.5B | — |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
现金及短期投资MTBR
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务MTBR
| Q1 26 | — | — | ||
| Q4 25 | $10.9B | $6.8B | ||
| Q3 25 | $12.9B | $7.3B | ||
| Q2 25 | $12.4B | $7.0B | ||
| Q1 25 | $10.5B | $6.7B | ||
| Q4 24 | $12.6B | $6.7B | ||
| Q3 24 | $11.6B | $6.6B | ||
| Q2 24 | $11.3B | $6.5B |
股东权益MTBR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $29.2B | $3.1B | ||
| Q3 25 | $28.7B | $3.1B | ||
| Q2 25 | $28.5B | $3.1B | ||
| Q1 25 | $29.0B | $3.0B | ||
| Q4 24 | $29.0B | $3.1B | ||
| Q3 24 | $28.9B | $3.1B | ||
| Q2 24 | $28.4B | $3.1B |
总资产MTBR
| Q1 26 | — | — | ||
| Q4 25 | $213.5B | $16.4B | ||
| Q3 25 | $211.3B | $16.5B | ||
| Q2 25 | $211.6B | $16.5B | ||
| Q1 25 | $210.3B | $16.4B | ||
| Q4 24 | $208.1B | $16.7B | ||
| Q3 24 | $211.8B | $16.5B | ||
| Q2 24 | $208.9B | $16.4B |
负债/权益比MTBR
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | 2.24× | ||
| Q3 25 | 0.45× | 2.35× | ||
| Q2 25 | 0.43× | 2.27× | ||
| Q1 25 | 0.36× | 2.21× | ||
| Q4 24 | 0.43× | 2.14× | ||
| Q3 24 | 0.40× | 2.17× | ||
| Q2 24 | 0.40× | 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 | — | $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 | — | 13.7% |
| 现金转化率经营现金流/净利润 | 3.96× | 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MTBR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $3.0B | $749.0M | ||
| Q3 25 | $1.0B | $442.0M | ||
| Q2 25 | $844.0M | $752.0M | ||
| Q1 25 | $635.0M | $651.0M | ||
| Q4 24 | $3.6B | $558.0M | ||
| Q3 24 | $-28.0M | $629.0M | ||
| Q2 24 | $1.4B | $552.0M |
自由现金流MTBR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率MTBR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度MTBR
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率MTBR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 3.96× | 5.67× | ||
| Q3 25 | 1.26× | 3.20× | ||
| Q2 25 | 1.18× | 5.74× | ||
| Q1 25 | 1.09× | 6.64× | ||
| Q4 24 | 5.30× | 4.13× | ||
| Q3 24 | -0.04× | 4.43× | ||
| Q2 24 | 2.07× | 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
MTB
暂无分部数据
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
