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RYDER SYSTEM INC（R）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是RYDER SYSTEM INC的2.4倍（$7.6B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs 1.3%，领先1.7%），RYDER SYSTEM INC同比增速更快（1.0% vs 0.5%），Smurfit Westrock自由现金流更多（$612.0M vs $273.0M），过去两年Smurfit Westrock的营收复合增速更高（60.8% vs -0.9%）
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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
R vs SW — 直观对比
营收规模更大
SW
是对方的2.4倍
$3.1B
营收增速更快
R
高出0.5%
0.5%
净利率更高
R
高出1.7%
1.3%
自由现金流更多
SW
多$339.0M
$273.0M
两年增速更快
SW
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $7.6B |
| 净利润 | $93.0M | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | — | 5.1% |
| 净利率 | 3.0% | 1.3% |
| 营收同比 | 1.0% | 0.5% |
| 净利润同比 | -5.1% | -33.6% |
| 每股收益（稀释后） | $2.34 | $0.18 |
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RSW
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.2B | $7.6B | ||
| Q3 25 | $3.2B | $8.0B | ||
| Q2 25 | $3.2B | $7.9B | ||
| Q1 25 | $3.1B | $7.7B | ||
| Q4 24 | $3.2B | $7.5B | ||
| Q3 24 | $3.2B | $7.7B | ||
| Q2 24 | $3.2B | $3.0B |
净利润RSW
| Q1 26 | $93.0M | — | ||
| Q4 25 | $132.0M | $97.0M | ||
| Q3 25 | $138.0M | $246.0M | ||
| Q2 25 | $131.0M | $-28.0M | ||
| Q1 25 | $98.0M | $384.0M | ||
| Q4 24 | $135.0M | $146.0M | ||
| Q3 24 | $142.0M | $-150.0M | ||
| Q2 24 | $127.0M | $132.0M |
毛利率RSW
| Q1 26 | — | — | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率RSW
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 5.1% | ||
| Q3 25 | 6.0% | 6.6% | ||
| Q2 25 | 5.8% | 3.2% | ||
| Q1 25 | 4.3% | 7.2% | ||
| Q4 24 | 5.7% | 5.3% | ||
| Q3 24 | 5.9% | 0.7% | ||
| Q2 24 | 5.6% | 8.2% |
净利率RSW
| Q1 26 | 3.0% | — | ||
| Q4 25 | 4.2% | 1.3% | ||
| Q3 25 | 4.4% | 3.1% | ||
| Q2 25 | 4.1% | -0.4% | ||
| Q1 25 | 3.1% | 5.0% | ||
| Q4 24 | 4.2% | 1.9% | ||
| Q3 24 | 4.5% | -2.0% | ||
| Q2 24 | 4.0% | 4.4% |
每股收益（稀释后）RSW
| Q1 26 | $2.34 | — | ||
| Q4 25 | $3.22 | $0.18 | ||
| Q3 25 | $3.32 | $0.47 | ||
| Q2 25 | $3.13 | $-0.05 | ||
| Q1 25 | $2.27 | $0.73 | ||
| Q4 24 | $3.09 | $-0.12 | ||
| Q3 24 | $3.24 | $-0.30 | ||
| Q2 24 | $2.84 | $0.51 |
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 | $892.0M |
| 总债务越低越好 | — | $13.4B |
| 股东权益账面价值 | $2.9B | $18.3B |
| 总资产 | — | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资RSW
| Q1 26 | $182.0M | — | ||
| Q4 25 | $198.0M | $892.0M | ||
| Q3 25 | $189.0M | $851.0M | ||
| Q2 25 | $180.0M | $778.0M | ||
| Q1 25 | $151.0M | $797.0M | ||
| Q4 24 | $154.0M | $855.0M | ||
| Q3 24 | $162.0M | — | ||
| Q2 24 | $164.0M | $26.8K |
总债务RSW
| Q1 26 | — | — | ||
| Q4 25 | $6.8B | $13.4B | ||
| Q3 25 | $7.3B | $13.3B | ||
| Q2 25 | $7.0B | $13.3B | ||
| Q1 25 | $6.7B | $12.9B | ||
| Q4 24 | $6.7B | $12.5B | ||
| Q3 24 | $6.6B | $13.2B | ||
| Q2 24 | $6.5B | — |
股东权益RSW
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $18.3B | ||
| Q3 25 | $3.1B | $18.4B | ||
| Q2 25 | $3.1B | $18.3B | ||
| Q1 25 | $3.0B | $17.9B | ||
| Q4 24 | $3.1B | $17.4B | ||
| Q3 24 | $3.1B | $18.0B | ||
| Q2 24 | $3.1B | $14.5K |
总资产RSW
| Q1 26 | — | — | ||
| Q4 25 | $16.4B | $45.2B | ||
| Q3 25 | $16.5B | $45.6B | ||
| Q2 25 | $16.5B | $45.7B | ||
| Q1 25 | $16.4B | $44.6B | ||
| Q4 24 | $16.7B | $43.8B | ||
| Q3 24 | $16.5B | $45.0B | ||
| Q2 24 | $16.4B | $26.8K |
负债/权益比RSW
| Q1 26 | — | — | ||
| Q4 25 | 2.24× | 0.73× | ||
| Q3 25 | 2.35× | 0.72× | ||
| Q2 25 | 2.27× | 0.73× | ||
| Q1 25 | 2.21× | 0.72× | ||
| Q4 24 | 2.14× | 0.72× | ||
| Q3 24 | 2.17× | 0.73× | ||
| 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 | $583.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $273.0M | $612.0M |
| 自由现金流率自由现金流/营收 | 8.7% | 8.1% |
| 资本支出强度资本支出/营收 | 13.7% | 7.7% |
| 现金转化率经营现金流/净利润 | 6.27× | 12.32× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流RSW
| Q1 26 | $583.0M | — | ||
| Q4 25 | $749.0M | $1.2B | ||
| Q3 25 | $442.0M | $1.1B | ||
| Q2 25 | $752.0M | $829.0M | ||
| Q1 25 | $651.0M | $235.0M | ||
| Q4 24 | $558.0M | $781.0M | ||
| Q3 24 | $629.0M | $320.0M | ||
| Q2 24 | $552.0M | $340.0M |
自由现金流RSW
| Q1 26 | $273.0M | — | ||
| Q4 25 | $344.0M | $612.0M | ||
| Q3 25 | $-85.0M | $523.0M | ||
| Q2 25 | $63.0M | $307.0M | ||
| Q1 25 | $137.0M | $-242.0M | ||
| Q4 24 | $-201.0M | $212.0M | ||
| Q3 24 | $30.0M | $-192.0M | ||
| Q2 24 | $-87.0M | $163.0M |
自由现金流率RSW
| Q1 26 | 8.7% | — | ||
| Q4 25 | 10.8% | 8.1% | ||
| Q3 25 | -2.7% | 6.5% | ||
| Q2 25 | 2.0% | 3.9% | ||
| Q1 25 | 4.4% | -3.2% | ||
| Q4 24 | -6.3% | 2.8% | ||
| Q3 24 | 0.9% | -2.5% | ||
| Q2 24 | -2.7% | 5.5% |
资本支出强度RSW
| Q1 26 | 13.7% | — | ||
| Q4 25 | 12.8% | 7.7% | ||
| Q3 25 | 16.6% | 7.6% | ||
| Q2 25 | 21.6% | 6.6% | ||
| Q1 25 | 16.4% | 6.2% | ||
| Q4 24 | 23.8% | 7.5% | ||
| Q3 24 | 18.9% | 6.7% | ||
| Q2 24 | 20.1% | 6.0% |
现金转化率RSW
| Q1 26 | 6.27× | — | ||
| Q4 25 | 5.67× | 12.32× | ||
| Q3 25 | 3.20× | 4.61× | ||
| Q2 25 | 5.74× | — | ||
| Q1 25 | 6.64× | 0.61× | ||
| Q4 24 | 4.13× | 5.35× | ||
| Q3 24 | 4.43× | — | ||
| Q2 24 | 4.35× | 2.58× |
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
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
