vs
Realty Income（O）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是RXO, Inc.的1.0倍（$1.5B vs $1.5B），Realty Income净利率更高（19.9% vs -3.1%，领先23.0%），Realty Income同比增速更快（11.0% vs -11.9%），Realty Income自由现金流更多（$1.2B vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 8.6%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
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。
O vs RXO — 直观对比
营收规模更大
O
是对方的1.0倍
$1.5B
营收增速更快
O
高出22.9%
-11.9%
净利率更高
O
高出23.0%
-3.1%
自由现金流更多
O
多$1.2B
$-9.0M
两年增速更快
RXO
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $296.1M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.7% | -2.9% |
| 净利率 | 19.9% | -3.1% |
| 营收同比 | 11.0% | -11.9% |
| 净利润同比 | 48.3% | -84.0% |
| 每股收益（稀释后） | $0.32 | $-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ORXO
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
净利润ORXO
| Q4 25 | $296.1M | $-46.0M | ||
| Q3 25 | $315.8M | $-14.0M | ||
| Q2 25 | $196.9M | $-9.0M | ||
| Q1 25 | $249.8M | $-31.0M | ||
| Q4 24 | $199.6M | $-25.0M | ||
| Q3 24 | $269.5M | $-243.0M | ||
| Q2 24 | $259.4M | $-7.0M | ||
| Q1 24 | $132.3M | $-15.0M |
营业利润率ORXO
| Q4 25 | 21.7% | -2.9% | ||
| Q3 25 | 23.2% | -0.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 19.3% | -2.1% | ||
| Q4 24 | 16.5% | -1.4% | ||
| Q3 24 | 21.5% | -1.9% | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 11.9% | -1.3% |
净利率ORXO
| Q4 25 | 19.9% | -3.1% | ||
| Q3 25 | 21.5% | -1.0% | ||
| Q2 25 | 14.0% | -0.6% | ||
| Q1 25 | 18.1% | -2.2% | ||
| Q4 24 | 14.9% | -1.5% | ||
| Q3 24 | 20.2% | -23.4% | ||
| Q2 24 | 19.4% | -0.8% | ||
| Q1 24 | 10.5% | -1.6% |
每股收益（稀释后）ORXO
| Q4 25 | $0.32 | $-0.28 | ||
| Q3 25 | $0.35 | $-0.08 | ||
| Q2 25 | $0.22 | $-0.05 | ||
| Q1 25 | $0.28 | $-0.18 | ||
| Q4 24 | $0.23 | $-0.17 | ||
| Q3 24 | $0.30 | $-1.81 | ||
| Q2 24 | $0.29 | $-0.06 | ||
| Q1 24 | $0.16 | $-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 | $434.8M | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $39.4B | $1.5B |
| 总资产 | $72.8B | $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ORXO
| Q4 25 | $434.8M | $17.0M | ||
| Q3 25 | $417.2M | $25.0M | ||
| Q2 25 | $800.4M | $18.0M | ||
| Q1 25 | $319.0M | $16.0M | ||
| Q4 24 | $445.0M | $35.0M | ||
| Q3 24 | $397.0M | $55.0M | ||
| Q2 24 | $442.8M | $7.0M | ||
| Q1 24 | $680.2M | $7.0M |
总债务ORXO
| 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ORXO
| Q4 25 | $39.4B | $1.5B | ||
| Q3 25 | $39.1B | $1.6B | ||
| Q2 25 | $39.2B | $1.6B | ||
| Q1 25 | $39.0B | $1.6B | ||
| Q4 24 | $38.8B | $1.6B | ||
| Q3 24 | $38.5B | $1.7B | ||
| Q2 24 | $38.6B | $579.0M | ||
| Q1 24 | $39.0B | $582.0M |
总资产ORXO
| Q4 25 | $72.8B | $3.3B | ||
| Q3 25 | $71.3B | $3.2B | ||
| Q2 25 | $71.4B | $3.2B | ||
| Q1 25 | $69.8B | $3.3B | ||
| Q4 24 | $68.8B | $3.4B | ||
| Q3 24 | $68.5B | $3.4B | ||
| Q2 24 | $68.1B | $1.8B | ||
| Q1 24 | $68.3B | $1.8B |
负债/权益比ORXO
| 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 | $1.2B | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $-9.0M |
| 自由现金流率自由现金流/营收 | 77.6% | -0.6% |
| 资本支出强度资本支出/营收 | 3.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 4.06× | — |
| 过去12个月自由现金流最近4个季度 | $3.9B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ORXO
| Q4 25 | $1.2B | $7.0M | ||
| Q3 25 | $943.1M | $23.0M | ||
| Q2 25 | $1.1B | $23.0M | ||
| Q1 25 | $787.5M | $-2.0M | ||
| Q4 24 | $972.0M | $-7.0M | ||
| Q3 24 | $841.5M | $-7.0M | ||
| Q2 24 | $981.2M | $-5.0M | ||
| Q1 24 | $778.7M | $7.0M |
自由现金流ORXO
| Q4 25 | $1.2B | $-9.0M | ||
| Q3 25 | $909.9M | $9.0M | ||
| Q2 25 | $1.0B | $9.0M | ||
| Q1 25 | $764.6M | $-17.0M | ||
| Q4 24 | $935.8M | $-19.0M | ||
| Q3 24 | $807.9M | $-18.0M | ||
| Q2 24 | $939.2M | $-16.0M | ||
| Q1 24 | $769.0M | $-4.0M |
自由现金流率ORXO
| Q4 25 | 77.6% | -0.6% | ||
| Q3 25 | 61.9% | 0.6% | ||
| Q2 25 | 73.3% | 0.6% | ||
| Q1 25 | 55.4% | -1.2% | ||
| Q4 24 | 69.8% | -1.1% | ||
| Q3 24 | 60.7% | -1.7% | ||
| Q2 24 | 70.1% | -1.7% | ||
| Q1 24 | 61.0% | -0.4% |
资本支出强度ORXO
| Q4 25 | 3.3% | 1.1% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 1.9% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 2.7% | 0.7% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 3.1% | 1.2% | ||
| Q1 24 | 0.8% | 1.2% |
现金转化率ORXO
| Q4 25 | 4.06× | — | ||
| Q3 25 | 2.99× | — | ||
| Q2 25 | 5.39× | — | ||
| Q1 25 | 3.15× | — | ||
| Q4 24 | 4.87× | — | ||
| Q3 24 | 3.12× | — | ||
| Q2 24 | 3.78× | — | ||
| Q1 24 | 5.89× | — |
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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
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% |
