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PLAINS ALL AMERICAN PIPELINE LP（PAA）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是PLAINS ALL AMERICAN PIPELINE LP的1.3倍（$13.1B vs $10.0B），PLAINS ALL AMERICAN PIPELINE LP净利率更高（3.4% vs 0.7%，领先2.7%），RYDER SYSTEM INC同比增速更快（1.0% vs -19.1%），PLAINS ALL AMERICAN PIPELINE LP自由现金流更多（$638.0M vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（102.9% vs -8.6%）
本公司为业主有限合伙企业，主营美国及加拿大地区液化石油气与石油的管道运输、销售及存储业务。旗下拥有总长度约29560公里的管线，原油、天然气凝液、天然气存储容量分别为7500万桶、2800万桶、680亿立方英尺，另有5座天然气加工厂，总部位于得克萨斯州休斯顿市中心艾伦中心。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
PAA vs R — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.0B | $13.1B |
| 净利润 | $341.0M | $93.0M |
| 毛利率 | 7.0% | — |
| 营业利润率 | 1.8% | — |
| 净利率 | 3.4% | 0.7% |
| 营收同比 | -19.1% | 1.0% |
| 净利润同比 | 847.2% | -5.1% |
| 每股收益（稀释后） | — | $2.34 |
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
| Q1 26 | — | $13.1B | ||
| Q4 25 | $10.0B | $3.2B | ||
| Q3 25 | $11.6B | $3.2B | ||
| Q2 25 | $10.6B | $3.2B | ||
| Q1 25 | $12.0B | $3.1B | ||
| Q4 24 | $12.4B | $3.2B | ||
| Q3 24 | $12.7B | $3.2B | ||
| Q2 24 | $12.9B | $3.2B |
| Q1 26 | — | $93.0M | ||
| Q4 25 | $341.0M | $132.0M | ||
| Q3 25 | $441.0M | $138.0M | ||
| Q2 25 | $210.0M | $131.0M | ||
| Q1 25 | $443.0M | $98.0M | ||
| Q4 24 | $36.0M | $135.0M | ||
| Q3 24 | $220.0M | $142.0M | ||
| Q2 24 | $250.0M | $127.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 8.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 5.6% | ||
| Q3 25 | 4.2% | 6.0% | ||
| Q2 25 | 2.2% | 5.8% | ||
| Q1 25 | 4.4% | 4.3% | ||
| Q4 24 | 0.7% | 5.7% | ||
| Q3 24 | 2.7% | 5.9% | ||
| Q2 24 | 2.9% | 5.6% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 3.4% | 4.2% | ||
| Q3 25 | 3.8% | 4.4% | ||
| Q2 25 | 2.0% | 4.1% | ||
| Q1 25 | 3.7% | 3.1% | ||
| Q4 24 | 0.3% | 4.2% | ||
| Q3 24 | 1.7% | 4.5% | ||
| Q2 24 | 1.9% | 4.0% |
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $3.24 | ||
| Q2 24 | — | $2.84 |
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 | $328.0M | $182.0M |
| 总债务越低越好 | $10.7B | — |
| 股东权益账面价值 | — | $2.9B |
| 总资产 | $30.2B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $182.0M | ||
| Q4 25 | $328.0M | $198.0M | ||
| Q3 25 | $1.2B | $189.0M | ||
| Q2 25 | $459.0M | $180.0M | ||
| Q1 25 | $427.0M | $151.0M | ||
| Q4 24 | $348.0M | $154.0M | ||
| Q3 24 | $640.0M | $162.0M | ||
| Q2 24 | $553.0M | $164.0M |
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $6.8B | ||
| Q3 25 | $8.4B | $7.3B | ||
| Q2 25 | $8.2B | $7.0B | ||
| Q1 25 | $8.2B | $6.7B | ||
| Q4 24 | $7.2B | $6.7B | ||
| Q3 24 | $7.2B | $6.6B | ||
| Q2 24 | $7.2B | $6.5B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $30.2B | $16.4B | ||
| Q3 25 | $28.1B | $16.5B | ||
| Q2 25 | $27.2B | $16.5B | ||
| Q1 25 | $27.1B | $16.4B | ||
| Q4 24 | $26.6B | $16.7B | ||
| Q3 24 | $27.2B | $16.5B | ||
| Q2 24 | $27.5B | $16.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $786.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $638.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 6.4% | 2.1% |
| 资本支出强度资本支出/营收 | 1.5% | 3.3% |
| 现金转化率经营现金流/净利润 | 2.30× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $2.3B | $595.0M |
8季度趋势，按日历期对齐
| Q1 26 | — | $583.0M | ||
| Q4 25 | $786.0M | $749.0M | ||
| Q3 25 | $817.0M | $442.0M | ||
| Q2 25 | $694.0M | $752.0M | ||
| Q1 25 | $639.0M | $651.0M | ||
| Q4 24 | $727.0M | $558.0M | ||
| Q3 24 | $691.0M | $629.0M | ||
| Q2 24 | $653.0M | $552.0M |
| Q1 26 | — | $273.0M | ||
| Q4 25 | $638.0M | $344.0M | ||
| Q3 25 | $632.0M | $-85.0M | ||
| Q2 25 | $575.0M | $63.0M | ||
| Q1 25 | $448.0M | $137.0M | ||
| Q4 24 | $561.0M | $-201.0M | ||
| Q3 24 | $534.0M | $30.0M | ||
| Q2 24 | $514.0M | $-87.0M |
| Q1 26 | — | 2.1% | ||
| Q4 25 | 6.4% | 10.8% | ||
| Q3 25 | 5.5% | -2.7% | ||
| Q2 25 | 5.4% | 2.0% | ||
| Q1 25 | 3.7% | 4.4% | ||
| Q4 24 | 4.5% | -6.3% | ||
| Q3 24 | 4.2% | 0.9% | ||
| Q2 24 | 4.0% | -2.7% |
| Q1 26 | — | 3.3% | ||
| Q4 25 | 1.5% | 12.8% | ||
| Q3 25 | 1.6% | 16.6% | ||
| Q2 25 | 1.1% | 21.6% | ||
| Q1 25 | 1.6% | 16.4% | ||
| Q4 24 | 1.3% | 23.8% | ||
| Q3 24 | 1.2% | 18.9% | ||
| Q2 24 | 1.1% | 20.1% |
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.30× | 5.67× | ||
| Q3 25 | 1.85× | 3.20× | ||
| Q2 25 | 3.30× | 5.74× | ||
| Q1 25 | 1.44× | 6.64× | ||
| Q4 24 | 20.19× | 4.13× | ||
| Q3 24 | 3.14× | 4.43× | ||
| Q2 24 | 2.61× | 4.35× |
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
PAA
| Products | $9.6B | 96% |
| Transportation | $341.0M | 3% |
| Terminalling Storage And Other | $90.0M | 1% |
| Affiliated Entity | $14.0M | 0% |
R
暂无分部数据
