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M&T Bank（MTB）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是RXO, Inc.的1.7倍（$2.5B vs $1.5B），M&T Bank净利率更高（30.7% vs -3.1%，领先33.8%），M&T Bank同比增速更快（3.8% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 4.6%）
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。
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。
MTB vs RXO — 直观对比
营收规模更大
MTB
是对方的1.7倍
$1.5B
营收增速更快
MTB
高出15.7%
-11.9%
净利率更高
MTB
高出33.8%
-3.1%
两年增速更快
RXO
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $1.5B |
| 净利润 | $759.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | -2.9% |
| 净利率 | 30.7% | -3.1% |
| 营收同比 | 3.8% | -11.9% |
| 净利润同比 | 11.5% | -84.0% |
| 每股收益（稀释后） | $4.62 | $-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MTBRXO
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.3B | $930.0M | ||
| Q1 24 | $2.3B | $913.0M |
净利润MTBRXO
| Q4 25 | $759.0M | $-46.0M | ||
| Q3 25 | $792.0M | $-14.0M | ||
| Q2 25 | $716.0M | $-9.0M | ||
| Q1 25 | $584.0M | $-31.0M | ||
| Q4 24 | $681.0M | $-25.0M | ||
| Q3 24 | $721.0M | $-243.0M | ||
| Q2 24 | $655.0M | $-7.0M | ||
| Q1 24 | $531.0M | $-15.0M |
营业利润率MTBRXO
| Q4 25 | 39.2% | -2.9% | ||
| Q3 25 | 40.8% | -0.5% | ||
| Q2 25 | 39.0% | — | ||
| Q1 25 | 33.0% | -2.1% | ||
| Q4 24 | 37.0% | -1.4% | ||
| Q3 24 | 39.0% | -1.9% | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 29.4% | -1.3% |
净利率MTBRXO
| Q4 25 | 30.7% | -3.1% | ||
| Q3 25 | 31.5% | -1.0% | ||
| Q2 25 | 29.9% | -0.6% | ||
| Q1 25 | 25.3% | -2.2% | ||
| Q4 24 | 28.6% | -1.5% | ||
| Q3 24 | 30.9% | -23.4% | ||
| Q2 24 | 28.5% | -0.8% | ||
| Q1 24 | 23.5% | -1.6% |
每股收益（稀释后）MTBRXO
| Q4 25 | $4.62 | $-0.28 | ||
| Q3 25 | $4.82 | $-0.08 | ||
| Q2 25 | $4.24 | $-0.05 | ||
| Q1 25 | $3.32 | $-0.18 | ||
| Q4 24 | $3.87 | $-0.17 | ||
| Q3 24 | $4.02 | $-1.81 | ||
| Q2 24 | $3.73 | $-0.06 | ||
| Q1 24 | $3.02 | $-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 | — | $17.0M |
| 总债务越低越好 | $10.9B | $387.0M |
| 股东权益账面价值 | $29.2B | $1.5B |
| 总资产 | $213.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.37× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MTBRXO
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $7.0M |
总债务MTBRXO
| Q4 25 | $10.9B | $387.0M | ||
| Q3 25 | $12.9B | $387.0M | ||
| Q2 25 | $12.4B | $387.0M | ||
| Q1 25 | $10.5B | $387.0M | ||
| Q4 24 | $12.6B | $351.0M | ||
| Q3 24 | $11.6B | $352.0M | ||
| Q2 24 | $11.3B | $370.0M | ||
| Q1 24 | $11.4B | $351.0M |
股东权益MTBRXO
| Q4 25 | $29.2B | $1.5B | ||
| Q3 25 | $28.7B | $1.6B | ||
| Q2 25 | $28.5B | $1.6B | ||
| Q1 25 | $29.0B | $1.6B | ||
| Q4 24 | $29.0B | $1.6B | ||
| Q3 24 | $28.9B | $1.7B | ||
| Q2 24 | $28.4B | $579.0M | ||
| Q1 24 | $27.2B | $582.0M |
总资产MTBRXO
| Q4 25 | $213.5B | $3.3B | ||
| Q3 25 | $211.3B | $3.2B | ||
| Q2 25 | $211.6B | $3.2B | ||
| Q1 25 | $210.3B | $3.3B | ||
| Q4 24 | $208.1B | $3.4B | ||
| Q3 24 | $211.8B | $3.4B | ||
| Q2 24 | $208.9B | $1.8B | ||
| Q1 24 | $215.1B | $1.8B |
负债/权益比MTBRXO
| Q4 25 | 0.37× | 0.25× | ||
| Q3 25 | 0.45× | 0.24× | ||
| Q2 25 | 0.43× | 0.24× | ||
| Q1 25 | 0.36× | 0.24× | ||
| Q4 24 | 0.43× | 0.22× | ||
| Q3 24 | 0.40× | 0.21× | ||
| Q2 24 | 0.40× | 0.64× | ||
| Q1 24 | 0.42× | 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 | $3.0B | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 3.96× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MTBRXO
| Q4 25 | $3.0B | $7.0M | ||
| Q3 25 | $1.0B | $23.0M | ||
| Q2 25 | $844.0M | $23.0M | ||
| Q1 25 | $635.0M | $-2.0M | ||
| Q4 24 | $3.6B | $-7.0M | ||
| Q3 24 | $-28.0M | $-7.0M | ||
| Q2 24 | $1.4B | $-5.0M | ||
| Q1 24 | $608.0M | $7.0M |
自由现金流MTBRXO
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
自由现金流率MTBRXO
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
资本支出强度MTBRXO
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
现金转化率MTBRXO
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.18× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 5.30× | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 2.07× | — | ||
| Q1 24 | 1.15× | — |
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
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% |
