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Northern Trust（NTRS）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
Northern Trust的季度营收约是RXO, Inc.的1.5倍（$2.2B vs $1.5B），Northern Trust净利率更高（23.7% vs -3.1%，领先26.9%），Northern Trust同比增速更快（13.8% vs -11.9%），过去两年Northern Trust的营收复合增速更高（37.8% vs 26.8%）
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
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。
NTRS vs RXO — 直观对比
营收规模更大
NTRS
是对方的1.5倍
$1.5B
营收增速更快
NTRS
高出25.6%
-11.9%
净利率更高
NTRS
高出26.9%
-3.1%
两年增速更快
NTRS
近两年复合增速
26.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.5B |
| 净利润 | $525.5M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.9% |
| 净利率 | 23.7% | -3.1% |
| 营收同比 | 13.8% | -11.9% |
| 净利润同比 | 13.0% | -84.0% |
| 每股收益（稀释后） | $2.71 | $-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NTRSRXO
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M |
净利润NTRSRXO
| Q1 26 | $525.5M | — | ||
| Q4 25 | $466.0M | $-46.0M | ||
| Q3 25 | $457.6M | $-14.0M | ||
| Q2 25 | $421.3M | $-9.0M | ||
| Q1 25 | $392.0M | $-31.0M | ||
| Q4 24 | $455.4M | $-25.0M | ||
| Q3 24 | $464.9M | $-243.0M | ||
| Q2 24 | $896.1M | $-7.0M |
营业利润率NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | 48.5% | -2.9% | ||
| Q3 25 | 49.0% | -0.5% | ||
| Q2 25 | 45.9% | — | ||
| Q1 25 | 43.0% | -2.1% | ||
| Q4 24 | 48.6% | -1.4% | ||
| Q3 24 | 50.2% | -1.9% | ||
| Q2 24 | — | — |
净利率NTRSRXO
| Q1 26 | 23.7% | — | ||
| Q4 25 | 35.6% | -3.1% | ||
| Q3 25 | 36.2% | -1.0% | ||
| Q2 25 | 34.2% | -0.6% | ||
| Q1 25 | 32.3% | -2.2% | ||
| Q4 24 | 37.3% | -1.5% | ||
| Q3 24 | 38.9% | -23.4% | ||
| Q2 24 | 76.8% | -0.8% |
每股收益（稀释后）NTRSRXO
| Q1 26 | $2.71 | — | ||
| Q4 25 | $2.42 | $-0.28 | ||
| Q3 25 | $2.29 | $-0.08 | ||
| Q2 25 | $2.13 | $-0.05 | ||
| Q1 25 | $1.90 | $-0.18 | ||
| Q4 24 | $2.25 | $-0.17 | ||
| Q3 24 | $2.22 | $-1.81 | ||
| Q2 24 | $4.34 | $-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 | — | $17.0M |
| 总债务越低越好 | $2.9B | $387.0M |
| 股东权益账面价值 | $13.0B | $1.5B |
| 总资产 | $174.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资NTRSRXO
| Q1 26 | — | — | ||
| 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 |
总债务NTRSRXO
| Q1 26 | $2.9B | — | ||
| 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 |
股东权益NTRSRXO
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $1.5B | ||
| Q3 25 | $13.0B | $1.6B | ||
| Q2 25 | $12.9B | $1.6B | ||
| Q1 25 | $12.9B | $1.6B | ||
| Q4 24 | $12.8B | $1.6B | ||
| Q3 24 | $12.7B | $1.7B | ||
| Q2 24 | $12.7B | $579.0M |
总资产NTRSRXO
| Q1 26 | $174.6B | — | ||
| Q4 25 | $177.1B | $3.3B | ||
| Q3 25 | $170.3B | $3.2B | ||
| Q2 25 | $171.9B | $3.2B | ||
| Q1 25 | $165.1B | $3.3B | ||
| Q4 24 | $155.5B | $3.4B | ||
| Q3 24 | $155.8B | $3.4B | ||
| Q2 24 | $156.8B | $1.8B |
负债/权益比NTRSRXO
| Q1 26 | 0.22× | — | ||
| 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× |
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NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | $388.4M | $7.0M | ||
| Q3 25 | $525.8M | $23.0M | ||
| Q2 25 | $1.9B | $23.0M | ||
| Q1 25 | $2.7B | $-2.0M | ||
| Q4 24 | $-2.6B | $-7.0M | ||
| Q3 24 | $611.1M | $-7.0M | ||
| Q2 24 | $3.0B | $-5.0M |
自由现金流NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | $355.6M | $-9.0M | ||
| Q3 25 | $509.4M | $9.0M | ||
| Q2 25 | $1.9B | $9.0M | ||
| Q1 25 | $2.7B | $-17.0M | ||
| Q4 24 | $-2.7B | $-19.0M | ||
| Q3 24 | $585.4M | $-18.0M | ||
| Q2 24 | $3.0B | $-16.0M |
自由现金流率NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | -0.6% | ||
| Q3 25 | 40.3% | 0.6% | ||
| Q2 25 | 150.8% | 0.6% | ||
| Q1 25 | 225.5% | -1.2% | ||
| Q4 24 | -218.9% | -1.1% | ||
| Q3 24 | 48.9% | -1.7% | ||
| Q2 24 | 254.7% | -1.7% |
资本支出强度NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 1.1% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.0% | 1.0% | ||
| Q4 24 | 3.3% | 0.7% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 1.8% | 1.2% |
现金转化率NTRSRXO
| Q1 26 | — | — | ||
| Q4 25 | 0.83× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 4.44× | — | ||
| Q1 25 | 7.01× | — | ||
| Q4 24 | -5.79× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 3.34× | — |
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
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
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% |
