vs
巴诺书店（NE）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是巴诺书店的1.9倍（$1.5B vs $764.4M），巴诺书店净利率更高（11.3% vs -3.1%，领先14.5%），RXO, Inc.同比增速更快（-11.9% vs -17.6%），巴诺书店自由现金流更多（$35.4M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 9.5%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs RXO — 直观对比
营收规模更大
RXO
是对方的1.9倍
$764.4M
营收增速更快
RXO
高出5.7%
-17.6%
净利率更高
NE
高出14.5%
-3.1%
自由现金流更多
NE
多$44.4M
$-9.0M
两年增速更快
RXO
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $1.5B |
| 净利润 | $86.6M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.6% | -2.9% |
| 净利率 | 11.3% | -3.1% |
| 营收同比 | -17.6% | -11.9% |
| 净利润同比 | -10.4% | -84.0% |
| 每股收益（稀释后） | $0.54 | $-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NERXO
| Q4 25 | $764.4M | $1.5B | ||
| Q3 25 | $798.0M | $1.4B | ||
| Q2 25 | $848.7M | $1.4B | ||
| Q1 25 | $874.5M | $1.4B | ||
| Q4 24 | $927.3M | $1.7B | ||
| Q3 24 | $800.5M | $1.0B | ||
| Q2 24 | $692.8M | $930.0M | ||
| Q1 24 | $637.1M | $913.0M |
净利润NERXO
| Q4 25 | $86.6M | $-46.0M | ||
| Q3 25 | $-21.1M | $-14.0M | ||
| Q2 25 | $42.9M | $-9.0M | ||
| Q1 25 | $108.3M | $-31.0M | ||
| Q4 24 | $96.6M | $-25.0M | ||
| Q3 24 | $61.2M | $-243.0M | ||
| Q2 24 | $195.0M | $-7.0M | ||
| Q1 24 | $95.5M | $-15.0M |
营业利润率NERXO
| Q4 25 | 5.6% | -2.9% | ||
| Q3 25 | 6.3% | -0.5% | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 21.4% | -2.1% | ||
| Q4 24 | 18.4% | -1.4% | ||
| Q3 24 | 14.4% | -1.9% | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 16.9% | -1.3% |
净利率NERXO
| Q4 25 | 11.3% | -3.1% | ||
| Q3 25 | -2.6% | -1.0% | ||
| Q2 25 | 5.1% | -0.6% | ||
| Q1 25 | 12.4% | -2.2% | ||
| Q4 24 | 10.4% | -1.5% | ||
| Q3 24 | 7.6% | -23.4% | ||
| Q2 24 | 28.1% | -0.8% | ||
| Q1 24 | 15.0% | -1.6% |
每股收益（稀释后）NERXO
| Q4 25 | $0.54 | $-0.28 | ||
| Q3 25 | $-0.13 | $-0.08 | ||
| Q2 25 | $0.27 | $-0.05 | ||
| Q1 25 | $0.67 | $-0.18 | ||
| Q4 24 | $0.56 | $-0.17 | ||
| Q3 24 | $0.40 | $-1.81 | ||
| Q2 24 | $1.34 | $-0.06 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $4.5B | $1.5B |
| 总资产 | $7.5B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资NERXO
| Q4 25 | $471.4M | $17.0M | ||
| Q3 25 | $477.9M | $25.0M | ||
| Q2 25 | $338.2M | $18.0M | ||
| Q1 25 | $303.8M | $16.0M | ||
| Q4 24 | $247.3M | $35.0M | ||
| Q3 24 | $391.9M | $55.0M | ||
| Q2 24 | $162.9M | $7.0M | ||
| Q1 24 | $212.5M | $7.0M |
总债务NERXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益NERXO
| Q4 25 | $4.5B | $1.5B | ||
| Q3 25 | $4.5B | $1.6B | ||
| Q2 25 | $4.6B | $1.6B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.7B | $1.6B | ||
| Q3 24 | $4.7B | $1.7B | ||
| Q2 24 | $4.0B | $579.0M | ||
| Q1 24 | $3.9B | $582.0M |
总资产NERXO
| Q4 25 | $7.5B | $3.3B | ||
| Q3 25 | $7.6B | $3.2B | ||
| Q2 25 | $7.7B | $3.2B | ||
| Q1 25 | $7.9B | $3.3B | ||
| Q4 24 | $8.0B | $3.4B | ||
| Q3 24 | $8.0B | $3.4B | ||
| Q2 24 | $5.6B | $1.8B | ||
| Q1 24 | $5.4B | $1.8B |
负债/权益比NERXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 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 | $187.1M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 4.6% | -0.6% |
| 资本支出强度资本支出/营收 | 19.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $432.2M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流NERXO
| Q4 25 | $187.1M | $7.0M | ||
| Q3 25 | $277.1M | $23.0M | ||
| Q2 25 | $216.4M | $23.0M | ||
| Q1 25 | $271.1M | $-2.0M | ||
| Q4 24 | $136.2M | $-7.0M | ||
| Q3 24 | $283.8M | $-7.0M | ||
| Q2 24 | $106.8M | $-5.0M | ||
| Q1 24 | $128.7M | $7.0M |
自由现金流NERXO
| Q4 25 | $35.4M | $-9.0M | ||
| Q3 25 | $139.5M | $9.0M | ||
| Q2 25 | $99.8M | $9.0M | ||
| Q1 25 | $157.5M | $-17.0M | ||
| Q4 24 | $-4.4M | $-19.0M | ||
| Q3 24 | $156.8M | $-18.0M | ||
| Q2 24 | $-34.3M | $-16.0M | ||
| Q1 24 | $-37.9M | $-4.0M |
自由现金流率NERXO
| Q4 25 | 4.6% | -0.6% | ||
| Q3 25 | 17.5% | 0.6% | ||
| Q2 25 | 11.8% | 0.6% | ||
| Q1 25 | 18.0% | -1.2% | ||
| Q4 24 | -0.5% | -1.1% | ||
| Q3 24 | 19.6% | -1.7% | ||
| Q2 24 | -4.9% | -1.7% | ||
| Q1 24 | -6.0% | -0.4% |
资本支出强度NERXO
| Q4 25 | 19.9% | 1.1% | ||
| Q3 25 | 17.3% | 1.0% | ||
| Q2 25 | 13.7% | 1.0% | ||
| Q1 25 | 13.0% | 1.0% | ||
| Q4 24 | 15.2% | 0.7% | ||
| Q3 24 | 15.9% | 1.1% | ||
| Q2 24 | 20.4% | 1.2% | ||
| Q1 24 | 26.2% | 1.2% |
现金转化率NERXO
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | — |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
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% |
