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道富集团（STT）与XPO, Inc.（XPO）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是XPO, Inc.的1.8倍（$3.7B vs $2.0B），道富集团净利率更高（20.4% vs 2.9%，领先17.4%），道富集团同比增速更快（7.5% vs 4.7%），过去两年道富集团的营收复合增速更高（8.1% vs -0.1%）
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
XPO Inc.（原XPO物流）是美国交通运输企业，主营北美区域零担货运业务，总部位于康涅狄格州格林尼治，全球共设592个运营网点。作为北美第二大零担货运服务商，其服务覆盖99%的美国邮政编码区域。
STT vs XPO — 直观对比
营收规模更大
STT
是对方的1.8倍
$2.0B
营收增速更快
STT
高出2.8%
4.7%
净利率更高
STT
高出17.4%
2.9%
两年增速更快
STT
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $2.0B |
| 净利润 | $747.0M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | 25.0% | 7.1% |
| 净利率 | 20.4% | 2.9% |
| 营收同比 | 7.5% | 4.7% |
| 净利润同比 | -4.6% | -21.3% |
| 每股收益（稀释后） | $2.41 | $0.49 |
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STTXPO
| Q4 25 | $3.7B | $2.0B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.4B | $1.9B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $3.1B | $2.0B |
净利润STTXPO
| Q4 25 | $747.0M | $59.0M | ||
| Q3 25 | $861.0M | $82.0M | ||
| Q2 25 | $693.0M | $106.0M | ||
| Q1 25 | $644.0M | $69.0M | ||
| Q4 24 | $783.0M | $75.0M | ||
| Q3 24 | $730.0M | $95.0M | ||
| Q2 24 | $711.0M | $150.0M | ||
| Q1 24 | $463.0M | $67.0M |
营业利润率STTXPO
| Q4 25 | 25.0% | 7.1% | ||
| Q3 25 | 31.1% | 7.8% | ||
| Q2 25 | 25.8% | 9.5% | ||
| Q1 25 | 25.0% | 7.7% | ||
| Q4 24 | 28.1% | 7.8% | ||
| Q3 24 | 28.4% | 8.6% | ||
| Q2 24 | 28.6% | 9.5% | ||
| Q1 24 | 19.1% | 6.8% |
净利率STTXPO
| Q4 25 | 20.4% | 2.9% | ||
| Q3 25 | 24.3% | 3.9% | ||
| Q2 25 | 20.1% | 5.1% | ||
| Q1 25 | 19.6% | 3.5% | ||
| Q4 24 | 22.9% | 3.9% | ||
| Q3 24 | 22.4% | 4.6% | ||
| Q2 24 | 22.3% | 7.2% | ||
| Q1 24 | 14.8% | 3.3% |
每股收益（稀释后）STTXPO
| Q4 25 | $2.41 | $0.49 | ||
| Q3 25 | $2.78 | $0.68 | ||
| Q2 25 | $2.17 | $0.89 | ||
| Q1 25 | $2.04 | $0.58 | ||
| Q4 24 | $2.43 | $0.63 | ||
| Q3 24 | $2.26 | $0.79 | ||
| Q2 24 | $2.15 | $1.25 | ||
| Q1 24 | $1.37 | $0.56 |
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 | — | $310.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $27.8B | $1.9B |
| 总资产 | $366.0B | $8.2B |
| 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STTXPO
| Q4 25 | — | $310.0M | ||
| Q3 25 | — | $335.0M | ||
| Q2 25 | — | $225.0M | ||
| Q1 25 | — | $212.0M | ||
| Q4 24 | — | $246.0M | ||
| Q3 24 | — | $378.0M | ||
| Q2 24 | — | $250.0M | ||
| Q1 24 | — | $229.0M |
股东权益STTXPO
| Q4 25 | $27.8B | $1.9B | ||
| Q3 25 | $27.6B | $1.8B | ||
| Q2 25 | $27.3B | $1.8B | ||
| Q1 25 | $26.7B | $1.6B | ||
| Q4 24 | $25.3B | $1.6B | ||
| Q3 24 | $25.8B | $1.6B | ||
| Q2 24 | $24.8B | $1.5B | ||
| Q1 24 | $24.4B | $1.3B |
总资产STTXPO
| Q4 25 | $366.0B | $8.2B | ||
| Q3 25 | $371.1B | $8.2B | ||
| Q2 25 | $376.7B | $8.1B | ||
| Q1 25 | $372.7B | $7.9B | ||
| Q4 24 | $353.2B | $7.7B | ||
| Q3 24 | $338.5B | $7.9B | ||
| Q2 24 | $325.6B | $7.7B | ||
| Q1 24 | $338.0B | $7.6B |
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 | $10.0B | — |
| 自由现金流经营现金流 - 资本支出 | $9.8B | — |
| 自由现金流率自由现金流/营收 | 266.6% | — |
| 资本支出强度资本支出/营收 | 7.3% | 5.3% |
| 现金转化率经营现金流/净利润 | 13.44× | — |
| 过去12个月自由现金流最近4个季度 | $10.8B | — |
8季度趋势，按日历期对齐
经营现金流STTXPO
| Q4 25 | $10.0B | — | ||
| Q3 25 | $7.9B | $371.0M | ||
| Q2 25 | $-8.4B | $247.0M | ||
| Q1 25 | $2.4B | $142.0M | ||
| Q4 24 | $-7.4B | $189.0M | ||
| Q3 24 | $2.7B | $264.0M | ||
| Q2 24 | $-7.6B | $210.0M | ||
| Q1 24 | $-844.0M | $145.0M |
自由现金流STTXPO
| Q4 25 | $9.8B | — | ||
| Q3 25 | $7.7B | $215.0M | ||
| Q2 25 | $-8.8B | $51.0M | ||
| Q1 25 | $2.2B | $-57.0M | ||
| Q4 24 | $-7.7B | $23.0M | ||
| Q3 24 | $2.5B | $137.0M | ||
| Q2 24 | $-7.9B | $20.0M | ||
| Q1 24 | $-1.1B | $-161.0M |
自由现金流率STTXPO
| Q4 25 | 266.6% | — | ||
| Q3 25 | 216.0% | 10.2% | ||
| Q2 25 | -254.1% | 2.5% | ||
| Q1 25 | 66.1% | -2.9% | ||
| Q4 24 | -225.1% | 1.2% | ||
| Q3 24 | 75.9% | 6.7% | ||
| Q2 24 | -246.2% | 1.0% | ||
| Q1 24 | -34.2% | -8.0% |
资本支出强度STTXPO
| Q4 25 | 7.3% | 5.3% | ||
| Q3 25 | 6.9% | 7.4% | ||
| Q2 25 | 9.3% | 9.4% | ||
| Q1 25 | 6.9% | 10.2% | ||
| Q4 24 | 7.3% | 8.6% | ||
| Q3 24 | 7.2% | 6.2% | ||
| Q2 24 | 6.7% | 9.1% | ||
| Q1 24 | 7.3% | 15.2% |
现金转化率STTXPO
| Q4 25 | 13.44× | — | ||
| Q3 25 | 9.18× | 4.52× | ||
| Q2 25 | -12.18× | 2.33× | ||
| Q1 25 | 3.72× | 2.06× | ||
| Q4 24 | -9.49× | 2.52× | ||
| Q3 24 | 3.71× | 2.78× | ||
| Q2 24 | -10.75× | 1.40× | ||
| Q1 24 | -1.82× | 2.16× |
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
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
