vs
纳斯达克（NDAQ）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是纳斯达克的1.9倍（$4.0B vs $2.1B），纳斯达克净利率更高（24.3% vs 13.3%，领先11.0%），United Rentals同比增速更快（7.2% vs 2.0%），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
NDAQ vs URI — 直观对比
营收规模更大
URI
是对方的1.9倍
$2.1B
营收增速更快
URI
高出5.2%
2.0%
净利率更高
NDAQ
高出11.0%
13.3%
两年增速更快
URI
近两年复合增速
9.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.0B |
| 净利润 | $519.0M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 30.7% | 21.8% |
| 净利率 | 24.3% | 13.3% |
| 营收同比 | 2.0% | 7.2% |
| 净利润同比 | 31.4% | 2.5% |
| 每股收益（稀释后） | $0.91 | $8.43 |
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NDAQURI
| Q1 26 | $2.1B | $4.0B | ||
| Q4 25 | $2.1B | $992.0M | ||
| Q3 25 | $2.0B | $938.0M | ||
| Q2 25 | $2.1B | $872.0M | ||
| Q1 25 | $2.1B | $893.0M | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $1.9B | $874.0M | ||
| Q2 24 | $1.8B | $870.0M |
净利润NDAQURI
| Q1 26 | $519.0M | $531.0M | ||
| Q4 25 | $518.0M | $653.0M | ||
| Q3 25 | $423.0M | $701.0M | ||
| Q2 25 | $452.0M | $622.0M | ||
| Q1 25 | $395.0M | $518.0M | ||
| Q4 24 | $355.0M | $689.0M | ||
| Q3 24 | $306.0M | $708.0M | ||
| Q2 24 | $222.0M | $636.0M |
毛利率NDAQURI
| Q1 26 | — | 36.9% | ||
| 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NDAQURI
| Q1 26 | 30.7% | 21.8% | ||
| Q4 25 | 29.7% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 27.2% | — | ||
| Q1 25 | 26.2% | 90.0% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 23.6% | — | ||
| Q2 24 | 23.6% | — |
净利率NDAQURI
| Q1 26 | 24.3% | 13.3% | ||
| Q4 25 | 24.4% | 65.8% | ||
| Q3 25 | 21.6% | 74.7% | ||
| Q2 25 | 21.6% | 71.3% | ||
| Q1 25 | 18.9% | 58.0% | ||
| Q4 24 | 17.5% | 67.6% | ||
| Q3 24 | 16.1% | 81.0% | ||
| Q2 24 | 12.4% | 73.1% |
每股收益（稀释后）NDAQURI
| Q1 26 | $0.91 | $8.43 | ||
| Q4 25 | $0.90 | $10.20 | ||
| Q3 25 | $0.73 | $10.91 | ||
| Q2 25 | $0.78 | $9.59 | ||
| Q1 25 | $0.68 | $7.91 | ||
| Q4 24 | $0.62 | $10.41 | ||
| Q3 24 | $0.53 | $10.70 | ||
| Q2 24 | $0.38 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $9.0B | $13.9B |
| 股东权益账面价值 | $12.0B | $9.0B |
| 总资产 | $27.3B | $29.9B |
| 负债/权益比越低杠杆越低 | 0.74× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资NDAQURI
| Q1 26 | $515.0M | $156.0M | ||
| Q4 25 | $604.0M | $459.0M | ||
| Q3 25 | $470.0M | $512.0M | ||
| Q2 25 | $732.0M | $548.0M | ||
| Q1 25 | $690.0M | $542.0M | ||
| Q4 24 | $592.0M | $457.0M | ||
| Q3 24 | $266.0M | $479.0M | ||
| Q2 24 | $416.0M | $467.0M |
总债务NDAQURI
| Q1 26 | $9.0B | $13.9B | ||
| Q4 25 | $8.6B | $12.7B | ||
| Q3 25 | $8.7B | $12.6B | ||
| Q2 25 | $8.7B | $12.1B | ||
| Q1 25 | $8.9B | $11.5B | ||
| Q4 24 | $9.1B | $12.2B | ||
| Q3 24 | $9.4B | $11.9B | ||
| Q2 24 | $9.2B | $11.5B |
股东权益NDAQURI
| Q1 26 | $12.0B | $9.0B | ||
| Q4 25 | $12.2B | $9.0B | ||
| Q3 25 | $12.0B | $9.0B | ||
| Q2 25 | $11.8B | $9.0B | ||
| Q1 25 | $11.5B | $8.8B | ||
| Q4 24 | $11.2B | $8.6B | ||
| Q3 24 | $11.1B | $8.6B | ||
| Q2 24 | $10.9B | $8.3B |
总资产NDAQURI
| Q1 26 | $27.3B | $29.9B | ||
| Q4 25 | $31.1B | $29.9B | ||
| Q3 25 | $30.7B | $30.1B | ||
| Q2 25 | $30.4B | $29.2B | ||
| Q1 25 | $30.6B | $28.1B | ||
| Q4 24 | $30.4B | $28.2B | ||
| Q3 24 | $30.6B | $28.4B | ||
| Q2 24 | $30.2B | $27.6B |
负债/权益比NDAQURI
| Q1 26 | 0.74× | 1.55× | ||
| Q4 25 | 0.70× | 1.41× | ||
| Q3 25 | 0.72× | 1.40× | ||
| Q2 25 | 0.73× | 1.34× | ||
| Q1 25 | 0.77× | 1.31× | ||
| Q4 24 | 0.81× | 1.42× | ||
| Q3 24 | 0.85× | 1.38× | ||
| Q2 24 | 0.85× | 1.39× |
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 | — | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 26.4% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NDAQURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $625.0M | $1.3B | ||
| Q3 25 | $221.0M | $1.2B | ||
| Q2 25 | $746.0M | $1.3B | ||
| Q1 25 | $663.0M | $1.4B | ||
| Q4 24 | $705.0M | $1.0B | ||
| Q3 24 | $244.0M | $1.2B | ||
| Q2 24 | $460.0M | $1.3B |
自由现金流NDAQURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $536.0M | — | ||
| Q3 25 | $152.0M | — | ||
| Q2 25 | $687.0M | — | ||
| Q1 25 | $614.0M | — | ||
| Q4 24 | $645.0M | $471.0M | ||
| Q3 24 | $188.0M | $-168.0M | ||
| Q2 24 | $408.0M | $-263.0M |
自由现金流率NDAQURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 25.2% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 31.7% | 46.2% | ||
| Q3 24 | 9.9% | -19.2% | ||
| Q2 24 | 22.8% | -30.2% |
资本支出强度NDAQURI
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 3.0% | 56.6% | ||
| Q3 24 | 2.9% | 157.0% | ||
| Q2 24 | 2.9% | 175.6% |
现金转化率NDAQURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 1.21× | 1.92× | ||
| Q3 25 | 0.52× | 1.68× | ||
| Q2 25 | 1.65× | 2.14× | ||
| Q1 25 | 1.68× | 2.75× | ||
| Q4 24 | 1.99× | 1.52× | ||
| Q3 24 | 0.80× | 1.70× | ||
| Q2 24 | 2.07× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
