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SAIA INC（SAIA）与West Pharmaceutical Services（WST）财务数据对比。点击上方公司名可切换其他公司
West Pharmaceutical Services的季度营收约是SAIA INC的1.0倍（$805.0M vs $790.0M），West Pharmaceutical Services净利率更高（16.4% vs 6.0%，领先10.4%），West Pharmaceutical Services同比增速更快（7.5% vs 0.1%），West Pharmaceutical Services自由现金流更多（$175.0M vs $37.5M），过去两年West Pharmaceutical Services的营收复合增速更高（7.6% vs 2.3%）
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
美国West Pharmaceutical Services是注射用药品包装及给药系统的设计和制造商，1923年成立，总部位于宾夕法尼亚州埃克斯顿。成立初期主营注射类药物包装用橡胶组件，曾为青霉素和胰岛素生产商提供符合无菌要求的配套产品。
SAIA vs WST — 直观对比
营收规模更大
WST
是对方的1.0倍
$790.0M
营收增速更快
WST
高出7.4%
0.1%
净利率更高
WST
高出10.4%
6.0%
自由现金流更多
WST
多$137.5M
$37.5M
两年增速更快
WST
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $790.0M | $805.0M |
| 净利润 | $47.5M | $132.1M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 8.1% | 19.5% |
| 净利率 | 6.0% | 16.4% |
| 营收同比 | 0.1% | 7.5% |
| 净利润同比 | -37.6% | 1.5% |
| 每股收益（稀释后） | $1.77 | $1.82 |
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SAIAWST
| Q4 25 | $790.0M | $805.0M | ||
| Q3 25 | $839.6M | $804.6M | ||
| Q2 25 | $817.1M | $766.5M | ||
| Q1 25 | $787.6M | $698.0M | ||
| Q4 24 | $789.0M | $748.8M | ||
| Q3 24 | $842.1M | $746.9M | ||
| Q2 24 | $823.2M | $702.1M | ||
| Q1 24 | $754.8M | $695.4M |
净利润SAIAWST
| Q4 25 | $47.5M | $132.1M | ||
| Q3 25 | $86.3M | $140.0M | ||
| Q2 25 | $71.4M | $131.8M | ||
| Q1 25 | $49.8M | $89.8M | ||
| Q4 24 | $76.1M | $130.1M | ||
| Q3 24 | $92.7M | $136.0M | ||
| Q2 24 | $102.5M | $111.3M | ||
| Q1 24 | $90.7M | $115.3M |
毛利率SAIAWST
| Q4 25 | — | 37.8% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 33.1% |
营业利润率SAIAWST
| Q4 25 | 8.1% | 19.5% | ||
| Q3 25 | 14.1% | 20.8% | ||
| Q2 25 | 12.2% | 20.1% | ||
| Q1 25 | 8.9% | 15.3% | ||
| Q4 24 | 12.9% | 21.3% | ||
| Q3 24 | 14.9% | 21.6% | ||
| Q2 24 | 16.7% | 18.0% | ||
| Q1 24 | 15.6% | 17.7% |
净利率SAIAWST
| Q4 25 | 6.0% | 16.4% | ||
| Q3 25 | 10.3% | 17.4% | ||
| Q2 25 | 8.7% | 17.2% | ||
| Q1 25 | 6.3% | 12.9% | ||
| Q4 24 | 9.6% | 17.4% | ||
| Q3 24 | 11.0% | 18.2% | ||
| Q2 24 | 12.5% | 15.9% | ||
| Q1 24 | 12.0% | 16.6% |
每股收益（稀释后）SAIAWST
| Q4 25 | $1.77 | $1.82 | ||
| Q3 25 | $3.22 | $1.92 | ||
| Q2 25 | $2.67 | $1.82 | ||
| Q1 25 | $1.86 | $1.23 | ||
| Q4 24 | $2.84 | $1.78 | ||
| Q3 24 | $3.46 | $1.85 | ||
| Q2 24 | $3.83 | $1.51 | ||
| Q1 24 | $3.38 | $1.55 |
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 | $19.7M | $791.3M |
| 总债务越低越好 | $163.0M | $202.8M |
| 股东权益账面价值 | $2.6B | $3.2B |
| 总资产 | $3.5B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资SAIAWST
| Q4 25 | $19.7M | $791.3M | ||
| Q3 25 | $35.5M | $628.5M | ||
| Q2 25 | $18.8M | $509.7M | ||
| Q1 25 | $16.5M | $404.2M | ||
| Q4 24 | $19.5M | $484.6M | ||
| Q3 24 | $14.4M | $490.9M | ||
| Q2 24 | $11.2M | $446.2M | ||
| Q1 24 | $12.3M | $601.8M |
总债务SAIAWST
| Q4 25 | $163.0M | $202.8M | ||
| Q3 25 | $218.0M | $202.7M | ||
| Q2 25 | $307.1M | $202.6M | ||
| Q1 25 | $291.8M | $202.6M | ||
| Q4 24 | $195.0M | $202.6M | ||
| Q3 24 | $184.2M | $202.6M | ||
| Q2 24 | $169.1M | $205.8M | ||
| Q1 24 | $76.6M | $206.2M |
股东权益SAIAWST
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.5B | $3.1B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.4B | $2.7B | ||
| Q4 24 | $2.3B | $2.7B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.1B | $2.6B | ||
| Q1 24 | $2.0B | $2.7B |
总资产SAIAWST
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.5B | $4.1B | ||
| Q2 25 | $3.5B | $4.0B | ||
| Q1 25 | $3.4B | $3.6B | ||
| Q4 24 | $3.2B | $3.6B | ||
| Q3 24 | $3.1B | $3.7B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $2.8B | $3.6B |
负债/权益比SAIAWST
| Q4 25 | 0.06× | 0.06× | ||
| Q3 25 | 0.09× | 0.07× | ||
| Q2 25 | 0.13× | 0.07× | ||
| Q1 25 | 0.12× | 0.08× | ||
| Q4 24 | 0.08× | 0.08× | ||
| Q3 24 | 0.08× | 0.07× | ||
| Q2 24 | 0.08× | 0.08× | ||
| Q1 24 | 0.04× | 0.08× |
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 | $137.3M | $251.1M |
| 自由现金流经营现金流 - 资本支出 | $37.5M | $175.0M |
| 自由现金流率自由现金流/营收 | 4.7% | 21.7% |
| 资本支出强度资本支出/营收 | 12.6% | 9.5% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.90× |
| 过去12个月自由现金流最近4个季度 | $27.3M | $468.9M |
8季度趋势，按日历期对齐
经营现金流SAIAWST
| Q4 25 | $137.3M | $251.1M | ||
| Q3 25 | $177.8M | $197.2M | ||
| Q2 25 | $170.7M | $177.1M | ||
| Q1 25 | $109.1M | $129.4M | ||
| Q4 24 | $164.7M | $190.1M | ||
| Q3 24 | $181.7M | $180.1M | ||
| Q2 24 | $130.8M | $165.0M | ||
| Q1 24 | $106.5M | $118.2M |
自由现金流SAIAWST
| Q4 25 | $37.5M | $175.0M | ||
| Q3 25 | $87.6M | $133.9M | ||
| Q2 25 | $-3.9M | $101.9M | ||
| Q1 25 | $-93.8M | $58.1M | ||
| Q4 24 | $-3.5M | $85.2M | ||
| Q3 24 | $-11.7M | $98.8M | ||
| Q2 24 | $-94.0M | $64.8M | ||
| Q1 24 | $-350.7M | $27.6M |
自由现金流率SAIAWST
| Q4 25 | 4.7% | 21.7% | ||
| Q3 25 | 10.4% | 16.6% | ||
| Q2 25 | -0.5% | 13.3% | ||
| Q1 25 | -11.9% | 8.3% | ||
| Q4 24 | -0.4% | 11.4% | ||
| Q3 24 | -1.4% | 13.2% | ||
| Q2 24 | -11.4% | 9.2% | ||
| Q1 24 | -46.5% | 4.0% |
资本支出强度SAIAWST
| Q4 25 | 12.6% | 9.5% | ||
| Q3 25 | 10.8% | 7.9% | ||
| Q2 25 | 21.4% | 9.8% | ||
| Q1 25 | 25.8% | 10.2% | ||
| Q4 24 | 21.3% | 14.0% | ||
| Q3 24 | 23.0% | 10.9% | ||
| Q2 24 | 27.3% | 14.3% | ||
| Q1 24 | 60.6% | 13.0% |
现金转化率SAIAWST
| Q4 25 | 2.89× | 1.90× | ||
| Q3 25 | 2.06× | 1.41× | ||
| Q2 25 | 2.39× | 1.34× | ||
| Q1 25 | 2.19× | 1.44× | ||
| Q4 24 | 2.16× | 1.46× | ||
| Q3 24 | 1.96× | 1.32× | ||
| Q2 24 | 1.28× | 1.48× | ||
| Q1 24 | 1.17× | 1.03× |
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
SAIA
暂无分部数据
WST
| Proprietary Products | $661.8M | 82% |
| Contract Manufactured Products | $143.2M | 18% |
| Affiliated Entity | $3.3M | 0% |
