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BLUE OWL CAPITAL INC.（OWL）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是BLUE OWL CAPITAL INC.的1.9倍（$1.5B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -3.1%，领先9.4%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs -11.9%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 21.3%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs RXO — 直观对比
营收规模更大
RXO
是对方的1.9倍
$755.6M
营收增速更快
OWL
高出31.6%
-11.9%
净利率更高
OWL
高出9.4%
-3.1%
自由现金流更多
OWL
多$368.1M
$-9.0M
两年增速更快
RXO
近两年复合增速
21.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.5B |
| 净利润 | $47.7M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.2% | -2.9% |
| 净利率 | 6.3% | -3.1% |
| 营收同比 | 19.7% | -11.9% |
| 净利润同比 | 129.8% | -84.0% |
| 每股收益（稀释后） | $0.07 | $-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OWLRXO
| Q4 25 | $755.6M | $1.5B | ||
| Q3 25 | $728.0M | $1.4B | ||
| Q2 25 | $703.1M | $1.4B | ||
| Q1 25 | $683.5M | $1.4B | ||
| Q4 24 | $631.4M | $1.7B | ||
| Q3 24 | $600.9M | $1.0B | ||
| Q2 24 | $549.8M | $930.0M | ||
| Q1 24 | $513.3M | $913.0M |
净利润OWLRXO
| Q4 25 | $47.7M | $-46.0M | ||
| Q3 25 | $6.3M | $-14.0M | ||
| Q2 25 | $17.4M | $-9.0M | ||
| Q1 25 | $7.4M | $-31.0M | ||
| Q4 24 | $20.7M | $-25.0M | ||
| Q3 24 | $29.8M | $-243.0M | ||
| Q2 24 | $33.9M | $-7.0M | ||
| Q1 24 | $25.1M | $-15.0M |
营业利润率OWLRXO
| Q4 25 | 22.2% | -2.9% | ||
| Q3 25 | 7.6% | -0.5% | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 5.9% | -2.1% | ||
| Q4 24 | 11.7% | -1.4% | ||
| Q3 24 | 18.7% | -1.9% | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.7% | -1.3% |
净利率OWLRXO
| Q4 25 | 6.3% | -3.1% | ||
| Q3 25 | 0.9% | -1.0% | ||
| Q2 25 | 2.5% | -0.6% | ||
| Q1 25 | 1.1% | -2.2% | ||
| Q4 24 | 3.3% | -1.5% | ||
| Q3 24 | 5.0% | -23.4% | ||
| Q2 24 | 6.2% | -0.8% | ||
| Q1 24 | 4.9% | -1.6% |
每股收益（稀释后）OWLRXO
| Q4 25 | $0.07 | $-0.28 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.02 | $-0.05 | ||
| Q1 25 | $0.00 | $-0.18 | ||
| Q4 24 | $0.06 | $-0.17 | ||
| Q3 24 | $0.04 | $-1.81 | ||
| Q2 24 | $0.06 | $-0.06 | ||
| Q1 24 | $0.04 | $-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 | $194.5M | $17.0M |
| 总债务越低越好 | $3.3B | $387.0M |
| 股东权益账面价值 | $2.2B | $1.5B |
| 总资产 | $12.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资OWLRXO
| Q4 25 | $194.5M | $17.0M | ||
| Q3 25 | $137.3M | $25.0M | ||
| Q2 25 | $117.6M | $18.0M | ||
| Q1 25 | $97.6M | $16.0M | ||
| Q4 24 | $152.1M | $35.0M | ||
| Q3 24 | $115.9M | $55.0M | ||
| Q2 24 | $436.8M | $7.0M | ||
| Q1 24 | $155.8M | $7.0M |
总债务OWLRXO
| Q4 25 | $3.3B | $387.0M | ||
| Q3 25 | $3.2B | $387.0M | ||
| Q2 25 | $3.2B | $387.0M | ||
| Q1 25 | $3.2B | $387.0M | ||
| Q4 24 | $2.6B | $351.0M | ||
| Q3 24 | $2.5B | $352.0M | ||
| Q2 24 | $2.5B | $370.0M | ||
| Q1 24 | $2.1B | $351.0M |
股东权益OWLRXO
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.7B | $579.0M | ||
| Q1 24 | $1.6B | $582.0M |
总资产OWLRXO
| Q4 25 | $12.5B | $3.3B | ||
| Q3 25 | $12.5B | $3.2B | ||
| Q2 25 | $12.3B | $3.2B | ||
| Q1 25 | $12.3B | $3.3B | ||
| Q4 24 | $11.0B | $3.4B | ||
| Q3 24 | $10.8B | $3.4B | ||
| Q2 24 | $9.7B | $1.8B | ||
| Q1 24 | $9.0B | $1.8B |
负债/权益比OWLRXO
| Q4 25 | 1.51× | 0.25× | ||
| Q3 25 | 1.41× | 0.24× | ||
| Q2 25 | 1.38× | 0.24× | ||
| Q1 25 | 1.37× | 0.24× | ||
| Q4 24 | 1.22× | 0.22× | ||
| Q3 24 | 1.27× | 0.21× | ||
| Q2 24 | 1.41× | 0.64× | ||
| Q1 24 | 1.26× | 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 | $382.9M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $-9.0M |
| 自由现金流率自由现金流/营收 | 47.5% | -0.6% |
| 资本支出强度资本支出/营收 | 3.1% | 1.1% |
| 现金转化率经营现金流/净利润 | 8.03× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流OWLRXO
| Q4 25 | $382.9M | $7.0M | ||
| Q3 25 | $433.1M | $23.0M | ||
| Q2 25 | $422.5M | $23.0M | ||
| Q1 25 | $17.6M | $-2.0M | ||
| Q4 24 | $324.0M | $-7.0M | ||
| Q3 24 | $326.0M | $-7.0M | ||
| Q2 24 | $302.3M | $-5.0M | ||
| Q1 24 | $47.2M | $7.0M |
自由现金流OWLRXO
| Q4 25 | $359.1M | $-9.0M | ||
| Q3 25 | $422.5M | $9.0M | ||
| Q2 25 | $412.5M | $9.0M | ||
| Q1 25 | $4.2M | $-17.0M | ||
| Q4 24 | $310.1M | $-19.0M | ||
| Q3 24 | $314.8M | $-18.0M | ||
| Q2 24 | $269.4M | $-16.0M | ||
| Q1 24 | $41.1M | $-4.0M |
自由现金流率OWLRXO
| Q4 25 | 47.5% | -0.6% | ||
| Q3 25 | 58.0% | 0.6% | ||
| Q2 25 | 58.7% | 0.6% | ||
| Q1 25 | 0.6% | -1.2% | ||
| Q4 24 | 49.1% | -1.1% | ||
| Q3 24 | 52.4% | -1.7% | ||
| Q2 24 | 49.0% | -1.7% | ||
| Q1 24 | 8.0% | -0.4% |
资本支出强度OWLRXO
| Q4 25 | 3.1% | 1.1% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 2.2% | 0.7% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 6.0% | 1.2% | ||
| Q1 24 | 1.2% | 1.2% |
现金转化率OWLRXO
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
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% |
