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INSPERITY, INC.（NSP）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INSPERITY, INC.的1.9倍（$3.1B vs $1.7B），INSPERITY, INC.同比增速更快（3.4% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $246.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -3.8%）
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
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。
NSP vs R — 直观对比
营收规模更大
R
是对方的1.9倍
$1.7B
营收增速更快
NSP
高出2.4%
1.0%
自由现金流更多
R
多$27.0M
$246.0M
两年增速更快
R
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.1B |
| 净利润 | — | $93.0M |
| 毛利率 | 10.3% | — |
| 营业利润率 | -2.8% | — |
| 净利率 | — | 3.0% |
| 营收同比 | 3.4% | 1.0% |
| 净利润同比 | — | -5.1% |
| 每股收益（稀释后） | $-0.87 | $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NSPR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.9B | $3.1B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.6B | $3.2B | ||
| Q2 24 | $1.6B | $3.2B |
净利润NSPR
| Q1 26 | — | $93.0M | ||
| Q4 25 | — | $132.0M | ||
| Q3 25 | $-20.0M | $138.0M | ||
| Q2 25 | $-5.0M | $131.0M | ||
| Q1 25 | $51.0M | $98.0M | ||
| Q4 24 | — | $135.0M | ||
| Q3 24 | $3.0M | $142.0M | ||
| Q2 24 | $18.0M | $127.0M |
毛利率NSPR
| Q1 26 | — | — | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | 16.2% | — |
营业利润率NSPR
| Q1 26 | — | — | ||
| Q4 25 | -2.8% | 5.6% | ||
| Q3 25 | -1.5% | 6.0% | ||
| Q2 25 | -0.4% | 5.8% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | -0.9% | 5.7% | ||
| Q3 24 | 0.1% | 5.9% | ||
| Q2 24 | 1.4% | 5.6% |
净利率NSPR
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | -1.2% | 4.4% | ||
| Q2 25 | -0.3% | 4.1% | ||
| Q1 25 | 2.7% | 3.1% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 0.2% | 4.5% | ||
| Q2 24 | 1.1% | 4.0% |
每股收益（稀释后）NSPR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $-0.87 | $3.22 | ||
| Q3 25 | $-0.53 | $3.32 | ||
| Q2 25 | $-0.14 | $3.13 | ||
| Q1 25 | $1.35 | $2.27 | ||
| Q4 24 | $-0.21 | $3.09 | ||
| Q3 24 | $0.07 | $3.24 | ||
| Q2 24 | $0.48 | $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 | $682.0M | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $46.0M | $2.9B |
| 总资产 | $2.2B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NSPR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $682.0M | $198.0M | ||
| Q3 25 | $521.0M | $189.0M | ||
| Q2 25 | $511.0M | $180.0M | ||
| Q1 25 | $684.0M | $151.0M | ||
| Q4 24 | $1.2B | $154.0M | ||
| Q3 24 | $596.0M | $162.0M | ||
| Q2 24 | $850.0M | $164.0M |
总债务NSPR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益NSPR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $46.0M | $3.1B | ||
| Q3 25 | $87.0M | $3.1B | ||
| Q2 25 | $112.0M | $3.1B | ||
| Q1 25 | $119.0M | $3.0B | ||
| Q4 24 | $97.0M | $3.1B | ||
| Q3 24 | $125.0M | $3.1B | ||
| Q2 24 | $142.0M | $3.1B |
总资产NSPR
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $16.4B | ||
| Q3 25 | $2.0B | $16.5B | ||
| Q2 25 | $2.0B | $16.5B | ||
| Q1 25 | $2.1B | $16.4B | ||
| Q4 24 | $2.6B | $16.7B | ||
| Q3 24 | $1.9B | $16.5B | ||
| Q2 24 | $2.1B | $16.4B |
负债/权益比NSPR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 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 | $255.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $246.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 8.7% |
| 资本支出强度资本支出/营收 | 0.5% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-309.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流NSPR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $255.0M | $749.0M | ||
| Q3 25 | $-11.0M | $442.0M | ||
| Q2 25 | $-79.0M | $752.0M | ||
| Q1 25 | $-443.0M | $651.0M | ||
| Q4 24 | $619.0M | $558.0M | ||
| Q3 24 | $-150.0M | $629.0M | ||
| Q2 24 | $20.0M | $552.0M |
自由现金流NSPR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $246.0M | $344.0M | ||
| Q3 25 | $-20.0M | $-85.0M | ||
| Q2 25 | $-86.0M | $63.0M | ||
| Q1 25 | $-449.0M | $137.0M | ||
| Q4 24 | $606.0M | $-201.0M | ||
| Q3 24 | $-164.0M | $30.0M | ||
| Q2 24 | $14.0M | $-87.0M |
自由现金流率NSPR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 14.7% | 10.8% | ||
| Q3 25 | -1.2% | -2.7% | ||
| Q2 25 | -5.2% | 2.0% | ||
| Q1 25 | -24.1% | 4.4% | ||
| Q4 24 | 37.6% | -6.3% | ||
| Q3 24 | -10.5% | 0.9% | ||
| Q2 24 | 0.9% | -2.7% |
资本支出强度NSPR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.5% | 12.8% | ||
| Q3 25 | 0.6% | 16.6% | ||
| Q2 25 | 0.4% | 21.6% | ||
| Q1 25 | 0.3% | 16.4% | ||
| Q4 24 | 0.8% | 23.8% | ||
| Q3 24 | 0.9% | 18.9% | ||
| Q2 24 | 0.4% | 20.1% |
现金转化率NSPR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | -8.69× | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | -50.00× | 4.43× | ||
| Q2 24 | 1.11× | 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
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
