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帕卡（PCAR）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
帕卡的季度营收约是RYDER SYSTEM INC的2.2倍（$6.8B vs $3.1B），帕卡净利率更高（8.2% vs 3.0%，领先5.2%），RYDER SYSTEM INC同比增速更快（1.0% vs -13.7%），帕卡自由现金流更多（$954.4M vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -11.7%）
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
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。
PCAR vs R — 直观对比
营收规模更大
PCAR
是对方的2.2倍
$3.1B
营收增速更快
R
高出14.7%
-13.7%
净利率更高
PCAR
高出5.2%
3.0%
自由现金流更多
PCAR
多$681.4M
$273.0M
两年增速更快
R
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $3.1B |
| 净利润 | $556.9M | $93.0M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 8.2% | 3.0% |
| 营收同比 | -13.7% | 1.0% |
| 净利润同比 | -36.1% | -5.1% |
| 每股收益（稀释后） | $1.06 | $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
营收PCARR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $6.8B | $3.2B | ||
| Q3 25 | $6.7B | $3.2B | ||
| Q2 25 | $7.5B | $3.2B | ||
| Q1 25 | $7.4B | $3.1B | ||
| Q4 24 | $7.9B | $3.2B | ||
| Q3 24 | $8.2B | $3.2B | ||
| Q2 24 | $8.8B | $3.2B |
净利润PCARR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $556.9M | $132.0M | ||
| Q3 25 | $590.0M | $138.0M | ||
| Q2 25 | $723.8M | $131.0M | ||
| Q1 25 | $505.1M | $98.0M | ||
| Q4 24 | $872.0M | $135.0M | ||
| Q3 24 | $972.1M | $142.0M | ||
| Q2 24 | $1.1B | $127.0M |
毛利率PCARR
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | — | ||
| Q3 25 | 19.9% | — | ||
| Q2 25 | 20.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 22.8% | — |
营业利润率PCARR
| Q1 26 | — | — | ||
| Q4 25 | 10.3% | 5.6% | ||
| Q3 25 | 11.1% | 6.0% | ||
| Q2 25 | 12.4% | 5.8% | ||
| Q1 25 | 8.6% | 4.3% | ||
| Q4 24 | 14.5% | 5.7% | ||
| Q3 24 | 15.2% | 5.9% | ||
| Q2 24 | 16.7% | 5.6% |
净利率PCARR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 8.2% | 4.2% | ||
| Q3 25 | 8.8% | 4.4% | ||
| Q2 25 | 9.6% | 4.1% | ||
| Q1 25 | 6.8% | 3.1% | ||
| Q4 24 | 11.0% | 4.2% | ||
| Q3 24 | 11.8% | 4.5% | ||
| Q2 24 | 12.8% | 4.0% |
每股收益（稀释后）PCARR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.06 | $3.22 | ||
| Q3 25 | $1.12 | $3.32 | ||
| Q2 25 | $1.37 | $3.13 | ||
| Q1 25 | $0.96 | $2.27 | ||
| Q4 24 | $1.65 | $3.09 | ||
| Q3 24 | $1.85 | $3.24 | ||
| Q2 24 | $2.13 | $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 | — | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.3B | $2.9B |
| 总资产 | $44.3B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PCARR
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务PCARR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益PCARR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $19.3B | $3.1B | ||
| Q3 25 | $19.4B | $3.1B | ||
| Q2 25 | $18.9B | $3.1B | ||
| Q1 25 | $18.0B | $3.0B | ||
| Q4 24 | $17.5B | $3.1B | ||
| Q3 24 | $18.7B | $3.1B | ||
| Q2 24 | $17.7B | $3.1B |
总资产PCARR
| Q1 26 | — | — | ||
| Q4 25 | $44.3B | $16.4B | ||
| Q3 25 | $44.2B | $16.5B | ||
| Q2 25 | $44.1B | $16.5B | ||
| Q1 25 | $42.7B | $16.4B | ||
| Q4 24 | $43.4B | $16.7B | ||
| Q3 24 | $43.3B | $16.5B | ||
| Q2 24 | $41.2B | $16.4B |
负债/权益比PCARR
| 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 | $1.1B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $954.4M | $273.0M |
| 自由现金流率自由现金流/营收 | 14.0% | 8.7% |
| 资本支出强度资本支出/营收 | 2.8% | 13.7% |
| 现金转化率经营现金流/净利润 | 2.05× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $595.0M |
8季度趋势，按日历期对齐
经营现金流PCARR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.1B | $749.0M | ||
| Q3 25 | $1.5B | $442.0M | ||
| Q2 25 | $833.4M | $752.0M | ||
| Q1 25 | $910.3M | $651.0M | ||
| Q4 24 | $1.4B | $558.0M | ||
| Q3 24 | $1.3B | $629.0M | ||
| Q2 24 | $440.0M | $552.0M |
自由现金流PCARR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $954.4M | $344.0M | ||
| Q3 25 | $1.4B | $-85.0M | ||
| Q2 25 | $611.3M | $63.0M | ||
| Q1 25 | $745.2M | $137.0M | ||
| Q4 24 | $1.2B | $-201.0M | ||
| Q3 24 | $1.1B | $30.0M | ||
| Q2 24 | $219.7M | $-87.0M |
自由现金流率PCARR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 14.0% | 10.8% | ||
| Q3 25 | 20.4% | -2.7% | ||
| Q2 25 | 8.1% | 2.0% | ||
| Q1 25 | 10.0% | 4.4% | ||
| Q4 24 | 15.3% | -6.3% | ||
| Q3 24 | 13.3% | 0.9% | ||
| Q2 24 | 2.5% | -2.7% |
资本支出强度PCARR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.8% | 12.8% | ||
| Q3 25 | 2.5% | 16.6% | ||
| Q2 25 | 3.0% | 21.6% | ||
| Q1 25 | 2.2% | 16.4% | ||
| Q4 24 | 3.0% | 23.8% | ||
| Q3 24 | 2.4% | 18.9% | ||
| Q2 24 | 2.5% | 20.1% |
现金转化率PCARR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.05× | 5.67× | ||
| Q3 25 | 2.59× | 3.20× | ||
| Q2 25 | 1.15× | 5.74× | ||
| Q1 25 | 1.80× | 6.64× | ||
| Q4 24 | 1.66× | 4.13× | ||
| Q3 24 | 1.32× | 4.43× | ||
| Q2 24 | 0.39× | 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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
