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PPL Corporation（PPL）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PPL Corporation的1.3倍（$3.1B vs $2.3B），PPL Corporation净利率更高（11.3% vs 3.0%，领先8.4%），PPL Corporation同比增速更快（7.2% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -0.9%）
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
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。
PPL vs R — 直观对比
营收规模更大
R
是对方的1.3倍
$2.3B
营收增速更快
PPL
高出6.2%
1.0%
净利率更高
PPL
高出8.4%
3.0%
自由现金流更多
R
多$887.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.1B |
| 净利润 | $266.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | — |
| 净利率 | 11.3% | 3.0% |
| 营收同比 | 7.2% | 1.0% |
| 净利润同比 | 50.3% | -5.1% |
| 每股收益（稀释后） | $0.35 | $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PPLR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $2.5B | $3.1B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.1B | $3.2B | ||
| Q2 24 | $1.9B | $3.2B |
净利润PPLR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $266.0M | $132.0M | ||
| Q3 25 | $318.0M | $138.0M | ||
| Q2 25 | $183.0M | $131.0M | ||
| Q1 25 | $414.0M | $98.0M | ||
| Q4 24 | $177.0M | $135.0M | ||
| Q3 24 | $214.0M | $142.0M | ||
| Q2 24 | $190.0M | $127.0M |
营业利润率PPLR
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | 5.6% | ||
| Q3 25 | 25.4% | 6.0% | ||
| Q2 25 | 19.9% | 5.8% | ||
| Q1 25 | 26.6% | 4.3% | ||
| Q4 24 | 17.2% | 5.7% | ||
| Q3 24 | 20.6% | 5.9% | ||
| Q2 24 | 20.8% | 5.6% |
净利率PPLR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 11.3% | 4.2% | ||
| Q3 25 | 14.2% | 4.4% | ||
| Q2 25 | 9.0% | 4.1% | ||
| Q1 25 | 16.3% | 3.1% | ||
| Q4 24 | 8.1% | 4.2% | ||
| Q3 24 | 10.3% | 4.5% | ||
| Q2 24 | 10.1% | 4.0% |
每股收益（稀释后）PPLR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.35 | $3.22 | ||
| Q3 25 | $0.43 | $3.32 | ||
| Q2 25 | $0.25 | $3.13 | ||
| Q1 25 | $0.56 | $2.27 | ||
| Q4 24 | $0.23 | $3.09 | ||
| Q3 24 | $0.29 | $3.24 | ||
| Q2 24 | $0.26 | $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 | $1.1B | $182.0M |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $14.9B | $2.9B |
| 总资产 | $45.2B | — |
| 负债/权益比越低杠杆越低 | 1.27× | — |
8季度趋势，按日历期对齐
现金及短期投资PPLR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.1B | $198.0M | ||
| Q3 25 | $1.1B | $189.0M | ||
| Q2 25 | $294.0M | $180.0M | ||
| Q1 25 | $312.0M | $151.0M | ||
| Q4 24 | $306.0M | $154.0M | ||
| Q3 24 | $542.0M | $162.0M | ||
| Q2 24 | $282.0M | $164.0M |
总债务PPLR
| Q1 26 | — | — | ||
| Q4 25 | $18.9B | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $16.5B | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益PPLR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $14.9B | $3.1B | ||
| Q3 25 | $14.4B | $3.1B | ||
| Q2 25 | $14.3B | $3.1B | ||
| Q1 25 | $14.3B | $3.0B | ||
| Q4 24 | $14.1B | $3.1B | ||
| Q3 24 | $14.1B | $3.1B | ||
| Q2 24 | $14.1B | $3.1B |
总资产PPLR
| Q1 26 | — | — | ||
| Q4 25 | $45.2B | $16.4B | ||
| Q3 25 | $43.9B | $16.5B | ||
| Q2 25 | $42.4B | $16.5B | ||
| Q1 25 | $41.8B | $16.4B | ||
| Q4 24 | $41.1B | $16.7B | ||
| Q3 24 | $40.5B | $16.5B | ||
| Q2 24 | $39.8B | $16.4B |
负债/权益比PPLR
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | 1.17× | 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 | $548.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | $273.0M |
| 自由现金流率自由现金流/营收 | -26.1% | 8.7% |
| 资本支出强度资本支出/营收 | 49.5% | 13.7% |
| 现金转化率经营现金流/净利润 | 2.06× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $595.0M |
8季度趋势，按日历期对齐
经营现金流PPLR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $548.0M | $749.0M | ||
| Q3 25 | $966.0M | $442.0M | ||
| Q2 25 | $602.0M | $752.0M | ||
| Q1 25 | $513.0M | $651.0M | ||
| Q4 24 | $511.0M | $558.0M | ||
| Q3 24 | $781.0M | $629.0M | ||
| Q2 24 | $766.0M | $552.0M |
自由现金流PPLR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-614.0M | $344.0M | ||
| Q3 25 | $-179.0M | $-85.0M | ||
| Q2 25 | $-328.0M | $63.0M | ||
| Q1 25 | $-280.0M | $137.0M | ||
| Q4 24 | $-349.0M | $-201.0M | ||
| Q3 24 | $102.0M | $30.0M | ||
| Q2 24 | $96.0M | $-87.0M |
自由现金流率PPLR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -26.1% | 10.8% | ||
| Q3 25 | -8.0% | -2.7% | ||
| Q2 25 | -16.1% | 2.0% | ||
| Q1 25 | -11.0% | 4.4% | ||
| Q4 24 | -15.9% | -6.3% | ||
| Q3 24 | 4.9% | 0.9% | ||
| Q2 24 | 5.1% | -2.7% |
资本支出强度PPLR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 49.5% | 12.8% | ||
| Q3 25 | 51.2% | 16.6% | ||
| Q2 25 | 45.6% | 21.6% | ||
| Q1 25 | 31.2% | 16.4% | ||
| Q4 24 | 39.3% | 23.8% | ||
| Q3 24 | 32.7% | 18.9% | ||
| Q2 24 | 35.8% | 20.1% |
现金转化率PPLR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.06× | 5.67× | ||
| Q3 25 | 3.04× | 3.20× | ||
| Q2 25 | 3.29× | 5.74× | ||
| Q1 25 | 1.24× | 6.64× | ||
| Q4 24 | 2.89× | 4.13× | ||
| Q3 24 | 3.65× | 4.43× | ||
| Q2 24 | 4.03× | 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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
