vs
纳斯达克（NDAQ）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
纳斯达克的季度营收约是RXO, Inc.的1.5倍（$2.1B vs $1.5B），纳斯达克净利率更高（24.3% vs -3.1%，领先27.4%），纳斯达克同比增速更快（2.0% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 9.2%）
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
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。
NDAQ vs RXO — 直观对比
营收规模更大
NDAQ
是对方的1.5倍
$1.5B
营收增速更快
NDAQ
高出13.8%
-11.9%
净利率更高
NDAQ
高出27.4%
-3.1%
两年增速更快
RXO
近两年复合增速
9.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $519.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 30.7% | -2.9% |
| 净利率 | 24.3% | -3.1% |
| 营收同比 | 2.0% | -11.9% |
| 净利润同比 | 31.4% | -84.0% |
| 每股收益（稀释后） | $0.91 | $-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NDAQRXO
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.8B | $930.0M |
净利润NDAQRXO
| Q1 26 | $519.0M | — | ||
| Q4 25 | $518.0M | $-46.0M | ||
| Q3 25 | $423.0M | $-14.0M | ||
| Q2 25 | $452.0M | $-9.0M | ||
| Q1 25 | $395.0M | $-31.0M | ||
| Q4 24 | $355.0M | $-25.0M | ||
| Q3 24 | $306.0M | $-243.0M | ||
| Q2 24 | $222.0M | $-7.0M |
毛利率NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | 65.5% | — | ||
| Q3 25 | 67.2% | — | ||
| Q2 25 | 62.5% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 60.4% | — | ||
| Q3 24 | 60.3% | — | ||
| Q2 24 | 64.7% | — |
营业利润率NDAQRXO
| Q1 26 | 30.7% | — | ||
| Q4 25 | 29.7% | -2.9% | ||
| Q3 25 | 29.9% | -0.5% | ||
| Q2 25 | 27.2% | — | ||
| Q1 25 | 26.2% | -2.1% | ||
| Q4 24 | 25.4% | -1.4% | ||
| Q3 24 | 23.6% | -1.9% | ||
| Q2 24 | 23.6% | — |
净利率NDAQRXO
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.4% | -3.1% | ||
| Q3 25 | 21.6% | -1.0% | ||
| Q2 25 | 21.6% | -0.6% | ||
| Q1 25 | 18.9% | -2.2% | ||
| Q4 24 | 17.5% | -1.5% | ||
| Q3 24 | 16.1% | -23.4% | ||
| Q2 24 | 12.4% | -0.8% |
每股收益（稀释后）NDAQRXO
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.90 | $-0.28 | ||
| Q3 25 | $0.73 | $-0.08 | ||
| Q2 25 | $0.78 | $-0.05 | ||
| Q1 25 | $0.68 | $-0.18 | ||
| Q4 24 | $0.62 | $-0.17 | ||
| Q3 24 | $0.53 | $-1.81 | ||
| Q2 24 | $0.38 | $-0.06 |
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 | $515.0M | $17.0M |
| 总债务越低越好 | $9.0B | $387.0M |
| 股东权益账面价值 | $12.0B | $1.5B |
| 总资产 | $27.3B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资NDAQRXO
| Q1 26 | $515.0M | — | ||
| Q4 25 | $604.0M | $17.0M | ||
| Q3 25 | $470.0M | $25.0M | ||
| Q2 25 | $732.0M | $18.0M | ||
| Q1 25 | $690.0M | $16.0M | ||
| Q4 24 | $592.0M | $35.0M | ||
| Q3 24 | $266.0M | $55.0M | ||
| Q2 24 | $416.0M | $7.0M |
总债务NDAQRXO
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.6B | $387.0M | ||
| Q3 25 | $8.7B | $387.0M | ||
| Q2 25 | $8.7B | $387.0M | ||
| Q1 25 | $8.9B | $387.0M | ||
| Q4 24 | $9.1B | $351.0M | ||
| Q3 24 | $9.4B | $352.0M | ||
| Q2 24 | $9.2B | $370.0M |
股东权益NDAQRXO
| Q1 26 | $12.0B | — | ||
| Q4 25 | $12.2B | $1.5B | ||
| Q3 25 | $12.0B | $1.6B | ||
| Q2 25 | $11.8B | $1.6B | ||
| Q1 25 | $11.5B | $1.6B | ||
| Q4 24 | $11.2B | $1.6B | ||
| Q3 24 | $11.1B | $1.7B | ||
| Q2 24 | $10.9B | $579.0M |
总资产NDAQRXO
| Q1 26 | $27.3B | — | ||
| Q4 25 | $31.1B | $3.3B | ||
| Q3 25 | $30.7B | $3.2B | ||
| Q2 25 | $30.4B | $3.2B | ||
| Q1 25 | $30.6B | $3.3B | ||
| Q4 24 | $30.4B | $3.4B | ||
| Q3 24 | $30.6B | $3.4B | ||
| Q2 24 | $30.2B | $1.8B |
负债/权益比NDAQRXO
| Q1 26 | 0.74× | — | ||
| Q4 25 | 0.70× | 0.25× | ||
| Q3 25 | 0.72× | 0.24× | ||
| Q2 25 | 0.73× | 0.24× | ||
| Q1 25 | 0.77× | 0.24× | ||
| Q4 24 | 0.81× | 0.22× | ||
| Q3 24 | 0.85× | 0.21× | ||
| Q2 24 | 0.85× | 0.64× |
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 | — | $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 | — | — |
| 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NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | $625.0M | $7.0M | ||
| Q3 25 | $221.0M | $23.0M | ||
| Q2 25 | $746.0M | $23.0M | ||
| Q1 25 | $663.0M | $-2.0M | ||
| Q4 24 | $705.0M | $-7.0M | ||
| Q3 24 | $244.0M | $-7.0M | ||
| Q2 24 | $460.0M | $-5.0M |
自由现金流NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | $536.0M | $-9.0M | ||
| Q3 25 | $152.0M | $9.0M | ||
| Q2 25 | $687.0M | $9.0M | ||
| Q1 25 | $614.0M | $-17.0M | ||
| Q4 24 | $645.0M | $-19.0M | ||
| Q3 24 | $188.0M | $-18.0M | ||
| Q2 24 | $408.0M | $-16.0M |
自由现金流率NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | -0.6% | ||
| Q3 25 | 7.8% | 0.6% | ||
| Q2 25 | 32.9% | 0.6% | ||
| Q1 25 | 29.4% | -1.2% | ||
| Q4 24 | 31.7% | -1.1% | ||
| Q3 24 | 9.9% | -1.7% | ||
| Q2 24 | 22.8% | -1.7% |
资本支出强度NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 1.1% | ||
| Q3 25 | 3.5% | 1.0% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 2.3% | 1.0% | ||
| Q4 24 | 3.0% | 0.7% | ||
| Q3 24 | 2.9% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% |
现金转化率NDAQRXO
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 1.65× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.99× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 2.07× | — |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
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% |
