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北极星（PII）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的季度营收约是北极星的1.9倍（$3.1B vs $1.7B），RYDER SYSTEM INC净利率更高（3.0% vs -2.8%，领先5.8%），北极星同比增速更快（8.0% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-342.5M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
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。
PII vs R — 直观对比
营收规模更大
R
是对方的1.9倍
$1.7B
营收增速更快
PII
高出7.0%
1.0%
净利率更高
R
高出5.8%
-2.8%
自由现金流更多
R
多$615.5M
$-342.5M
两年增速更快
R
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.1B |
| 净利润 | $-47.2M | $93.0M |
| 毛利率 | 20.2% | — |
| 营业利润率 | 76.5% | — |
| 净利率 | -2.8% | 3.0% |
| 营收同比 | 8.0% | 1.0% |
| 净利润同比 | 29.0% | -5.1% |
| 每股收益（稀释后） | $-0.83 | $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PIIR
| Q1 26 | $1.7B | $3.1B | ||
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $1.7B | $3.2B | ||
| Q2 24 | $2.0B | $3.2B |
净利润PIIR
| Q1 26 | $-47.2M | $93.0M | ||
| Q4 25 | $-303.6M | $132.0M | ||
| Q3 25 | $-15.8M | $138.0M | ||
| Q2 25 | $-79.3M | $131.0M | ||
| Q1 25 | $-66.8M | $98.0M | ||
| Q4 24 | $10.6M | $135.0M | ||
| Q3 24 | $27.7M | $142.0M | ||
| Q2 24 | $68.7M | $127.0M |
毛利率PIIR
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.6% | — |
营业利润率PIIR
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 5.6% | ||
| Q3 25 | 1.1% | 6.0% | ||
| Q2 25 | -0.7% | 5.8% | ||
| Q1 25 | -2.4% | 4.3% | ||
| Q4 24 | 3.7% | 5.7% | ||
| Q3 24 | 3.8% | 5.9% | ||
| Q2 24 | 6.1% | 5.6% |
净利率PIIR
| Q1 26 | -2.8% | 3.0% | ||
| Q4 25 | -15.8% | 4.2% | ||
| Q3 25 | -0.9% | 4.4% | ||
| Q2 25 | -4.3% | 4.1% | ||
| Q1 25 | -4.3% | 3.1% | ||
| Q4 24 | 0.6% | 4.2% | ||
| Q3 24 | 1.6% | 4.5% | ||
| Q2 24 | 3.5% | 4.0% |
每股收益（稀释后）PIIR
| Q1 26 | $-0.83 | $2.34 | ||
| Q4 25 | $-5.34 | $3.22 | ||
| Q3 25 | $-0.28 | $3.32 | ||
| Q2 25 | $-1.39 | $3.13 | ||
| Q1 25 | $-1.17 | $2.27 | ||
| Q4 24 | $0.18 | $3.09 | ||
| Q3 24 | $0.49 | $3.24 | ||
| Q2 24 | $1.21 | $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 | $282.0M | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.9B |
| 总资产 | $5.2B | — |
| 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PIIR
| Q1 26 | $282.0M | $182.0M | ||
| Q4 25 | $138.0M | $198.0M | ||
| Q3 25 | $335.5M | $189.0M | ||
| Q2 25 | $324.3M | $180.0M | ||
| Q1 25 | $291.7M | $151.0M | ||
| Q4 24 | $287.8M | $154.0M | ||
| Q3 24 | $291.3M | $162.0M | ||
| Q2 24 | $322.7M | $164.0M |
总债务PIIR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $6.8B | ||
| Q3 25 | $1.3B | $7.3B | ||
| Q2 25 | $1.4B | $7.0B | ||
| Q1 25 | $1.6B | $6.7B | ||
| Q4 24 | $1.6B | $6.7B | ||
| Q3 24 | $1.7B | $6.6B | ||
| Q2 24 | $2.1B | $6.5B |
股东权益PIIR
| Q1 26 | $750.4M | $2.9B | ||
| Q4 25 | $828.4M | $3.1B | ||
| Q3 25 | $1.1B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | $1.3B | $3.1B |
总资产PIIR
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $16.4B | ||
| Q3 25 | $5.3B | $16.5B | ||
| Q2 25 | $5.4B | $16.5B | ||
| Q1 25 | $5.5B | $16.4B | ||
| Q4 24 | $5.5B | $16.7B | ||
| Q3 24 | $5.6B | $16.5B | ||
| Q2 24 | $5.7B | $16.4B |
负债/权益比PIIR
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 2.24× | ||
| Q3 25 | 1.13× | 2.35× | ||
| Q2 25 | 1.17× | 2.27× | ||
| Q1 25 | 1.32× | 2.21× | ||
| Q4 24 | 1.27× | 2.14× | ||
| Q3 24 | 1.29× | 2.17× | ||
| Q2 24 | 1.56× | 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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $273.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流PIIR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $178.7M | $749.0M | ||
| Q3 25 | $158.8M | $442.0M | ||
| Q2 25 | $320.3M | $752.0M | ||
| Q1 25 | $83.2M | $651.0M | ||
| Q4 24 | $206.3M | $558.0M | ||
| Q3 24 | $21.0M | $629.0M | ||
| Q2 24 | $146.3M | $552.0M |
自由现金流PIIR
| Q1 26 | $-342.5M | $273.0M | ||
| Q4 25 | $114.0M | $344.0M | ||
| Q3 25 | $116.7M | $-85.0M | ||
| Q2 25 | $279.8M | $63.0M | ||
| Q1 25 | $47.6M | $137.0M | ||
| Q4 24 | $137.3M | $-201.0M | ||
| Q3 24 | $-32.4M | $30.0M | ||
| Q2 24 | $79.1M | $-87.0M |
自由现金流率PIIR
| Q1 26 | -20.6% | 8.7% | ||
| Q4 25 | 5.9% | 10.8% | ||
| Q3 25 | 6.3% | -2.7% | ||
| Q2 25 | 15.1% | 2.0% | ||
| Q1 25 | 3.1% | 4.4% | ||
| Q4 24 | 7.8% | -6.3% | ||
| Q3 24 | -1.9% | 0.9% | ||
| Q2 24 | 4.0% | -2.7% |
资本支出强度PIIR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.4% | 12.8% | ||
| Q3 25 | 2.3% | 16.6% | ||
| Q2 25 | 2.2% | 21.6% | ||
| Q1 25 | 2.3% | 16.4% | ||
| Q4 24 | 3.9% | 23.8% | ||
| Q3 24 | 3.1% | 18.9% | ||
| Q2 24 | 3.4% | 20.1% |
现金转化率PIIR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 19.46× | 4.13× | ||
| Q3 24 | 0.76× | 4.43× | ||
| Q2 24 | 2.13× | 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
PII
暂无分部数据
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
