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OLD REPUBLIC INTERNATIONAL CORP（ORI）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
OLD REPUBLIC INTERNATIONAL CORP的季度营收约是RXO, Inc.的1.6倍（$2.4B vs $1.5B），OLD REPUBLIC INTERNATIONAL CORP净利率更高（13.8% vs -3.1%，领先16.9%），OLD REPUBLIC INTERNATIONAL CORP同比增速更快（6.7% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 13.2%）
Old Republic International Corp是一家总部位于美国伊利诺伊州芝加哥的保险企业，核心业务覆盖财产保险、产权保险两大领域，深耕行业多年，具备成熟的风险防控能力与完善的服务体系，可为各类客户提供专业可靠的保险产品及相关解决方案。
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。
ORI vs RXO — 直观对比
营收规模更大
ORI
是对方的1.6倍
$1.5B
营收增速更快
ORI
高出18.6%
-11.9%
净利率更高
ORI
高出16.9%
-3.1%
两年增速更快
RXO
近两年复合增速
13.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.5B |
| 净利润 | $330.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.9% |
| 净利率 | 13.8% | -3.1% |
| 营收同比 | 6.7% | -11.9% |
| 净利润同比 | 34.7% | -84.0% |
| 每股收益（稀释后） | — | $-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ORIRXO
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.4B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M |
净利润ORIRXO
| Q1 26 | $330.0M | — | ||
| Q4 25 | $206.5M | $-46.0M | ||
| Q3 25 | $279.5M | $-14.0M | ||
| Q2 25 | $204.4M | $-9.0M | ||
| Q1 25 | $245.0M | $-31.0M | ||
| Q4 24 | $105.3M | $-25.0M | ||
| Q3 24 | $338.9M | $-243.0M | ||
| Q2 24 | $91.8M | $-7.0M |
营业利润率ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | 14.6% | -0.5% | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 14.6% | -2.1% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | 18.2% | -1.9% | ||
| Q2 24 | 6.1% | — |
净利率ORIRXO
| Q1 26 | 13.8% | — | ||
| Q4 25 | 8.6% | -3.1% | ||
| Q3 25 | 11.5% | -1.0% | ||
| Q2 25 | 9.3% | -0.6% | ||
| Q1 25 | 11.6% | -2.2% | ||
| Q4 24 | 5.3% | -1.5% | ||
| Q3 24 | 14.5% | -23.4% | ||
| Q2 24 | 4.9% | -0.8% |
每股收益（稀释后）ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $-0.28 | ||
| Q3 25 | $1.11 | $-0.08 | ||
| Q2 25 | $0.81 | $-0.05 | ||
| Q1 25 | $0.98 | $-0.18 | ||
| Q4 24 | $0.42 | $-0.17 | ||
| Q3 24 | $1.32 | $-1.81 | ||
| Q2 24 | $0.35 | $-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 | — | $387.0M |
| 股东权益账面价值 | $5.9M | $1.5B |
| 总资产 | $29.6M | $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ORIRXO
| 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ORIRXO
| Q1 26 | — | — | ||
| 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ORIRXO
| Q1 26 | $5.9M | — | ||
| Q4 25 | $5.9B | $1.5B | ||
| Q3 25 | $6.4B | $1.6B | ||
| Q2 25 | $6.2B | $1.6B | ||
| Q1 25 | $5.9B | $1.6B | ||
| Q4 24 | $5.6B | $1.6B | ||
| Q3 24 | $6.4B | $1.7B | ||
| Q2 24 | $6.0B | $579.0M |
总资产ORIRXO
| Q1 26 | $29.6M | — | ||
| Q4 25 | $29.9B | $3.3B | ||
| Q3 25 | $30.3B | $3.2B | ||
| Q2 25 | $29.3B | $3.2B | ||
| Q1 25 | $28.0B | $3.3B | ||
| Q4 24 | $27.8B | $3.4B | ||
| Q3 24 | $28.8B | $3.4B | ||
| Q2 24 | $27.5B | $1.8B |
负债/权益比ORIRXO
| Q1 26 | — | — | ||
| 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ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | $234.9M | $7.0M | ||
| Q3 25 | $563.9M | $23.0M | ||
| Q2 25 | $133.8M | $23.0M | ||
| Q1 25 | $231.7M | $-2.0M | ||
| Q4 24 | $361.7M | $-7.0M | ||
| Q3 24 | $474.8M | $-7.0M | ||
| Q2 24 | $236.5M | $-5.0M |
自由现金流ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M |
自由现金流率ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% |
资本支出强度ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% |
现金转化率ORIRXO
| Q1 26 | — | — | ||
| Q4 25 | 1.14× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 3.43× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 2.58× | — |
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
ORI
| operating | $2.2B | 92% |
| Other | $201.8M | 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% |
