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Old Dominion（ODFL）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
Old Dominion的季度营收约是WERNER ENTERPRISES INC的1.8倍（$1.3B vs $719.9M）。Old Dominion净利率更高（17.6% vs -3.9%，领先21.4%）。WERNER ENTERPRISES INC同比增速更快（-2.3% vs -5.7%）。Old Dominion自由现金流更多（$264.5M vs $-23.5M）。过去两年WERNER ENTERPRISES INC的营收复合增速更高（-2.0% vs -5.4%）
Old Dominion Freight Line（简称ODFL）是美国领先的零担货运企业，服务覆盖区域、跨区域及全国范围。除核心零担货运业务外，公司还提供加急运输、综合物流及家庭搬家服务，拥有成熟的运营网络，可满足不同客户的多元运输需求。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
ODFL vs WERN — 直观对比
营收规模更大
ODFL
是对方的1.8倍
$719.9M
营收增速更快
WERN
高出3.4%
-5.7%
净利率更高
ODFL
高出21.4%
-3.9%
自由现金流更多
ODFL
多$288.0M
$-23.5M
两年增速更快
WERN
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $719.9M |
| 净利润 | $229.5M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | 23.3% | -5.0% |
| 净利率 | 17.6% | -3.9% |
| 营收同比 | -5.7% | -2.3% |
| 净利润同比 | -12.8% | -333.7% |
| 每股收益（稀释后） | $1.10 | $-0.46 |
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ODFLWERN
| Q4 25 | $1.3B | $719.9M | ||
| Q3 25 | $1.4B | $752.2M | ||
| Q2 25 | $1.4B | $734.1M | ||
| Q1 25 | $1.4B | $693.4M | ||
| Q4 24 | $1.4B | $736.6M | ||
| Q3 24 | $1.5B | $726.3M | ||
| Q2 24 | $1.5B | $742.7M | ||
| Q1 24 | $1.5B | $749.5M |
净利润ODFLWERN
| Q4 25 | $229.5M | $-27.8M | ||
| Q3 25 | $270.9M | $-20.6M | ||
| Q2 25 | $268.6M | $44.1M | ||
| Q1 25 | $254.7M | $-10.1M | ||
| Q4 24 | $263.1M | $11.9M | ||
| Q3 24 | $308.6M | $6.6M | ||
| Q2 24 | $322.0M | $9.5M | ||
| Q1 24 | $292.3M | $6.3M |
营业利润率ODFLWERN
| Q4 25 | 23.3% | -5.0% | ||
| Q3 25 | 25.7% | -1.7% | ||
| Q2 25 | 25.4% | 9.0% | ||
| Q1 25 | 24.6% | -0.8% | ||
| Q4 24 | 24.1% | 1.8% | ||
| Q3 24 | 27.3% | 2.4% | ||
| Q2 24 | 28.1% | 2.6% | ||
| Q1 24 | 26.5% | 2.1% |
净利率ODFLWERN
| Q4 25 | 17.6% | -3.9% | ||
| Q3 25 | 19.3% | -2.7% | ||
| Q2 25 | 19.1% | 6.0% | ||
| Q1 25 | 18.5% | -1.5% | ||
| Q4 24 | 19.0% | 1.6% | ||
| Q3 24 | 21.0% | 0.9% | ||
| Q2 24 | 21.5% | 1.3% | ||
| Q1 24 | 20.0% | 0.8% |
每股收益（稀释后）ODFLWERN
| Q4 25 | $1.10 | $-0.46 | ||
| Q3 25 | $1.28 | $-0.34 | ||
| Q2 25 | $1.27 | $0.72 | ||
| Q1 25 | $1.19 | $-0.16 | ||
| Q4 24 | $1.23 | $0.19 | ||
| Q3 24 | $1.43 | $0.11 | ||
| Q2 24 | $1.48 | $0.15 | ||
| Q1 24 | $1.34 | $0.10 |
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 | $120.1M | $59.9M |
| 总债务越低越好 | $20.0M | $752.0M |
| 股东权益账面价值 | $4.3B | $1.4B |
| 总资产 | $5.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资ODFLWERN
| Q4 25 | $120.1M | $59.9M | ||
| Q3 25 | $46.6M | $51.0M | ||
| Q2 25 | $24.1M | $51.4M | ||
| Q1 25 | $97.2M | $52.0M | ||
| Q4 24 | $108.7M | $40.8M | ||
| Q3 24 | $74.2M | $54.7M | ||
| Q2 24 | $104.6M | $70.4M | ||
| Q1 24 | $581.0M | $60.3M |
总债务ODFLWERN
| Q4 25 | $20.0M | $752.0M | ||
| Q3 25 | $65.0M | $725.0M | ||
| Q2 25 | $150.0M | $725.0M | ||
| Q1 25 | $40.0M | $640.0M | ||
| Q4 24 | $40.0M | $650.0M | ||
| Q3 24 | $40.0M | $690.0M | ||
| Q2 24 | $40.0M | $670.0M | ||
| Q1 24 | $60.0M | $597.5M |
股东权益ODFLWERN
| Q4 25 | $4.3B | $1.4B | ||
| Q3 25 | $4.3B | $1.4B | ||
| Q2 25 | $4.2B | $1.4B | ||
| Q1 25 | $4.2B | $1.4B | ||
| Q4 24 | $4.2B | $1.5B | ||
| Q3 24 | $4.2B | $1.4B | ||
| Q2 24 | $4.1B | $1.5B | ||
| Q1 24 | $4.4B | $1.5B |
总资产ODFLWERN
| Q4 25 | $5.5B | $2.9B | ||
| Q3 25 | $5.5B | $3.0B | ||
| Q2 25 | $5.6B | $2.9B | ||
| Q1 25 | $5.5B | $3.0B | ||
| Q4 24 | $5.5B | $3.1B | ||
| Q3 24 | $5.4B | $3.1B | ||
| Q2 24 | $5.3B | $3.1B | ||
| Q1 24 | $5.7B | $3.1B |
负债/权益比ODFLWERN
| Q4 25 | 0.00× | 0.55× | ||
| Q3 25 | 0.02× | 0.52× | ||
| Q2 25 | 0.04× | 0.51× | ||
| Q1 25 | 0.01× | 0.45× | ||
| Q4 24 | 0.01× | 0.45× | ||
| Q3 24 | 0.01× | 0.48× | ||
| Q2 24 | 0.01× | 0.46× | ||
| Q1 24 | 0.01× | 0.39× |
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 | $310.3M | $62.3M |
| 自由现金流经营现金流 - 资本支出 | $264.5M | $-23.5M |
| 自由现金流率自由现金流/营收 | 20.2% | -3.3% |
| 资本支出强度资本支出/营收 | 3.5% | 11.9% |
| 现金转化率经营现金流/净利润 | 1.35× | — |
| 过去12个月自由现金流最近4个季度 | $955.1M | $-68.5M |
8季度趋势，按日历期对齐
经营现金流ODFLWERN
| Q4 25 | $310.3M | $62.3M | ||
| Q3 25 | $437.5M | $44.1M | ||
| Q2 25 | $285.8M | $46.0M | ||
| Q1 25 | $336.5M | $29.4M | ||
| Q4 24 | $401.1M | $71.0M | ||
| Q3 24 | $446.5M | $61.0M | ||
| Q2 24 | $387.9M | $109.1M | ||
| Q1 24 | $423.9M | $88.6M |
自由现金流ODFLWERN
| Q4 25 | $264.5M | $-23.5M | ||
| Q3 25 | $343.5M | $-8.6M | ||
| Q2 25 | $98.7M | $-42.3M | ||
| Q1 25 | $248.4M | $5.9M | ||
| Q4 24 | $230.1M | $-9.8M | ||
| Q3 24 | $203.7M | $-73.4M | ||
| Q2 24 | $149.7M | $-31.2M | ||
| Q1 24 | $304.4M | $30.4M |
自由现金流率ODFLWERN
| Q4 25 | 20.2% | -3.3% | ||
| Q3 25 | 24.4% | -1.1% | ||
| Q2 25 | 7.0% | -5.8% | ||
| Q1 25 | 18.1% | 0.8% | ||
| Q4 24 | 16.6% | -1.3% | ||
| Q3 24 | 13.9% | -10.1% | ||
| Q2 24 | 10.0% | -4.2% | ||
| Q1 24 | 20.8% | 4.0% |
资本支出强度ODFLWERN
| Q4 25 | 3.5% | 11.9% | ||
| Q3 25 | 6.7% | 7.0% | ||
| Q2 25 | 13.3% | 12.0% | ||
| Q1 25 | 6.4% | 3.4% | ||
| Q4 24 | 12.3% | 11.0% | ||
| Q3 24 | 16.5% | 18.5% | ||
| Q2 24 | 15.9% | 18.9% | ||
| Q1 24 | 8.2% | 7.8% |
现金转化率ODFLWERN
| Q4 25 | 1.35× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.06× | 1.04× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.52× | 5.97× | ||
| Q3 24 | 1.45× | 9.30× | ||
| Q2 24 | 1.20× | 11.52× | ||
| Q1 24 | 1.45× | 14.03× |
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
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
