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永利度假村（WYNN）与XPO, Inc.（XPO）财务数据对比。点击上方公司名可切换其他公司
XPO, Inc.的季度营收约是永利度假村的1.1倍（$2.0B vs $1.9B），永利度假村净利率更高（5.4% vs 2.9%，领先2.4%），XPO, Inc.同比增速更快（4.7% vs 1.5%），过去两年永利度假村的营收复合增速更高（0.1% vs -0.1%）
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
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。
WYNN vs XPO — 直观对比
营收规模更大
XPO
是对方的1.1倍
$1.9B
营收增速更快
XPO
高出3.2%
1.5%
净利率更高
WYNN
高出2.4%
2.9%
两年增速更快
WYNN
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.0B |
| 净利润 | $100.0M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.7% | 7.1% |
| 净利率 | 5.4% | 2.9% |
| 营收同比 | 1.5% | 4.7% |
| 净利润同比 | -63.9% | -21.3% |
| 每股收益（稀释后） | $0.96 | $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WYNNXPO
| Q4 25 | $1.9B | $2.0B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.9B | $2.0B |
净利润WYNNXPO
| Q4 25 | $100.0M | $59.0M | ||
| Q3 25 | $88.3M | $82.0M | ||
| Q2 25 | $66.2M | $106.0M | ||
| Q1 25 | $72.7M | $69.0M | ||
| Q4 24 | $277.0M | $75.0M | ||
| Q3 24 | $-32.1M | $95.0M | ||
| Q2 24 | $111.9M | $150.0M | ||
| Q1 24 | $144.2M | $67.0M |
营业利润率WYNNXPO
| Q4 25 | 14.7% | 7.1% | ||
| Q3 25 | 16.9% | 7.8% | ||
| Q2 25 | 15.2% | 9.5% | ||
| Q1 25 | 15.8% | 7.7% | ||
| Q4 24 | 20.0% | 7.8% | ||
| Q3 24 | 7.9% | 8.6% | ||
| Q2 24 | 15.6% | 9.5% | ||
| Q1 24 | 19.5% | 6.8% |
净利率WYNNXPO
| Q4 25 | 5.4% | 2.9% | ||
| Q3 25 | 4.8% | 3.9% | ||
| Q2 25 | 3.8% | 5.1% | ||
| Q1 25 | 4.3% | 3.5% | ||
| Q4 24 | 15.1% | 3.9% | ||
| Q3 24 | -1.9% | 4.6% | ||
| Q2 24 | 6.5% | 7.2% | ||
| Q1 24 | 7.7% | 3.3% |
每股收益（稀释后）WYNNXPO
| Q4 25 | $0.96 | $0.49 | ||
| Q3 25 | $0.85 | $0.68 | ||
| Q2 25 | $0.64 | $0.89 | ||
| Q1 25 | $0.69 | $0.58 | ||
| Q4 24 | $2.43 | $0.63 | ||
| Q3 24 | $-0.29 | $0.79 | ||
| Q2 24 | $0.91 | $1.25 | ||
| Q1 24 | $1.30 | $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 | $1.5B | $310.0M |
| 总债务越低越好 | $10.5B | — |
| 股东权益账面价值 | $-275.5M | $1.9B |
| 总资产 | $13.1B | $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WYNNXPO
| Q4 25 | $1.5B | $310.0M | ||
| Q3 25 | $1.5B | $335.0M | ||
| Q2 25 | $2.0B | $225.0M | ||
| Q1 25 | $2.1B | $212.0M | ||
| Q4 24 | $2.4B | $246.0M | ||
| Q3 24 | $2.4B | $378.0M | ||
| Q2 24 | $2.4B | $250.0M | ||
| Q1 24 | $2.4B | $229.0M |
总债务WYNNXPO
| Q4 25 | $10.5B | — | ||
| Q3 25 | $10.6B | — | ||
| Q2 25 | $10.5B | — | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $10.5B | — | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $11.0B | — | ||
| Q1 24 | $11.2B | — |
股东权益WYNNXPO
| Q4 25 | $-275.5M | $1.9B | ||
| Q3 25 | $-370.0M | $1.8B | ||
| Q2 25 | $-441.5M | $1.8B | ||
| Q1 25 | $-360.7M | $1.6B | ||
| Q4 24 | $-224.2M | $1.6B | ||
| Q3 24 | $-281.4M | $1.6B | ||
| Q2 24 | $-109.8M | $1.5B | ||
| Q1 24 | $-137.0M | $1.3B |
总资产WYNNXPO
| Q4 25 | $13.1B | $8.2B | ||
| Q3 25 | $12.8B | $8.2B | ||
| Q2 25 | $12.7B | $8.1B | ||
| Q1 25 | $12.7B | $7.9B | ||
| Q4 24 | $13.0B | $7.7B | ||
| Q3 24 | $14.1B | $7.9B | ||
| Q2 24 | $13.3B | $7.7B | ||
| Q1 24 | $13.5B | $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 | $478.0M | — |
| 自由现金流经营现金流 - 资本支出 | $306.8M | — |
| 自由现金流率自由现金流/营收 | 16.4% | — |
| 资本支出强度资本支出/营收 | 9.2% | 5.3% |
| 现金转化率经营现金流/净利润 | 4.78× | — |
| 过去12个月自由现金流最近4个季度 | $692.2M | — |
8季度趋势，按日历期对齐
经营现金流WYNNXPO
| Q4 25 | $478.0M | — | ||
| Q3 25 | $335.8M | $371.0M | ||
| Q2 25 | $405.1M | $247.0M | ||
| Q1 25 | $133.8M | $142.0M | ||
| Q4 24 | $479.0M | $189.0M | ||
| Q3 24 | $279.3M | $264.0M | ||
| Q2 24 | $352.8M | $210.0M | ||
| Q1 24 | $315.1M | $145.0M |
自由现金流WYNNXPO
| Q4 25 | $306.8M | — | ||
| Q3 25 | $171.8M | $215.0M | ||
| Q2 25 | $239.8M | $51.0M | ||
| Q1 25 | $-26.2M | $-57.0M | ||
| Q4 24 | $351.8M | $23.0M | ||
| Q3 24 | $178.0M | $137.0M | ||
| Q2 24 | $259.1M | $20.0M | ||
| Q1 24 | $217.4M | $-161.0M |
自由现金流率WYNNXPO
| Q4 25 | 16.4% | — | ||
| Q3 25 | 9.4% | 10.2% | ||
| Q2 25 | 13.8% | 2.5% | ||
| Q1 25 | -1.5% | -2.9% | ||
| Q4 24 | 19.1% | 1.2% | ||
| Q3 24 | 10.5% | 6.7% | ||
| Q2 24 | 15.0% | 1.0% | ||
| Q1 24 | 11.7% | -8.0% |
资本支出强度WYNNXPO
| Q4 25 | 9.2% | 5.3% | ||
| Q3 25 | 8.9% | 7.4% | ||
| Q2 25 | 9.5% | 9.4% | ||
| Q1 25 | 9.4% | 10.2% | ||
| Q4 24 | 6.9% | 8.6% | ||
| Q3 24 | 6.0% | 6.2% | ||
| Q2 24 | 5.4% | 9.1% | ||
| Q1 24 | 5.2% | 15.2% |
现金转化率WYNNXPO
| Q4 25 | 4.78× | — | ||
| Q3 25 | 3.80× | 4.52× | ||
| Q2 25 | 6.12× | 2.33× | ||
| Q1 25 | 1.84× | 2.06× | ||
| Q4 24 | 1.73× | 2.52× | ||
| Q3 24 | — | 2.78× | ||
| Q2 24 | 3.15× | 1.40× | ||
| Q1 24 | 2.18× | 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
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
