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ADVANCE AUTO PARTS INC（AAP）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是ADVANCE AUTO PARTS INC的2.9倍（$5.8B vs $2.0B）。CarMax净利率更高（1.1% vs 0.3%，领先0.8%）。ADVANCE AUTO PARTS INC同比增速更快（130.1% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $-21.0M）。过去两年CarMax的营收复合增速更高（1.5% vs -15.7%）
Advance Auto Parts是美国知名汽车售后零部件供应商，总部位于北卡罗来纳州罗利市，业务覆盖专业维修安装服务商与汽车 DIY 爱好者两大客群，可为不同需求的用户提供适配的汽车零配件产品及相关服务。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
AAP vs KMX — 直观对比
营收规模更大
KMX
是对方的2.9倍
$2.0B
营收增速更快
AAP
高出137.0%
-6.9%
净利率更高
KMX
高出0.8%
0.3%
自由现金流更多
KMX
多$1.1B
$-21.0M
两年增速更快
KMX
近两年复合增速
-15.7%
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $5.8B |
| 净利润 | $6.0M | $62.2M |
| 毛利率 | 44.1% | 10.2% |
| 营业利润率 | 2.2% | — |
| 净利率 | 0.3% | 1.1% |
| 营收同比 | 130.1% | -6.9% |
| 净利润同比 | 101.4% | -50.4% |
| 每股收益（稀释后） | $0.10 | $0.43 |
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AAPKMX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $5.8B | ||
| Q3 25 | $2.0B | $6.6B | ||
| Q2 25 | $2.6B | $7.5B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | $2.1B | $6.2B | ||
| Q3 24 | $2.2B | $7.0B | ||
| Q2 24 | $2.8B | $7.1B |
净利润AAPKMX
| Q1 26 | $6.0M | — | ||
| Q4 25 | $-1.0M | $62.2M | ||
| Q3 25 | $15.0M | $95.4M | ||
| Q2 25 | $24.0M | $210.4M | ||
| Q1 25 | — | $89.9M | ||
| Q4 24 | $-6.0M | $125.4M | ||
| Q3 24 | $45.0M | $132.8M | ||
| Q2 24 | $40.0M | $152.4M |
毛利率AAPKMX
| Q1 26 | 44.1% | — | ||
| Q4 25 | 43.3% | 10.2% | ||
| Q3 25 | 43.5% | 10.9% | ||
| Q2 25 | 42.9% | 11.8% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | 42.3% | 10.9% | ||
| Q3 24 | 43.6% | 10.8% | ||
| Q2 24 | 43.4% | 11.1% |
营业利润率AAPKMX
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -5.1% | — | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 2.5% | 2.5% | ||
| Q2 24 | 1.9% | 2.9% |
净利率AAPKMX
| Q1 26 | 0.3% | — | ||
| Q4 25 | -0.0% | 1.1% | ||
| Q3 25 | 0.7% | 1.4% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | -0.3% | 2.0% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | 1.4% | 2.1% |
每股收益（稀释后）AAPKMX
| Q1 26 | $0.10 | — | ||
| Q4 25 | $-0.02 | $0.43 | ||
| Q3 25 | $0.25 | $0.64 | ||
| Q2 25 | $0.40 | $1.38 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | $-0.10 | $0.81 | ||
| Q3 24 | $0.75 | $0.85 | ||
| Q2 24 | $0.67 | $0.97 |
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 | $3.1B | $204.9M |
| 总债务越低越好 | $3.4B | $16.6B |
| 股东权益账面价值 | $2.2B | $6.1B |
| 总资产 | $11.8B | $25.6B |
| 负债/权益比越低杠杆越低 | 1.55× | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资AAPKMX
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.2B | $204.9M | ||
| Q3 25 | $1.7B | $540.4M | ||
| Q2 25 | $1.7B | $262.8M | ||
| Q1 25 | — | $247.0M | ||
| Q4 24 | $464.5M | $271.9M | ||
| Q3 24 | $479.4M | $524.7M | ||
| Q2 24 | $451.0M | $218.9M |
总债务AAPKMX
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $16.6B | ||
| Q3 25 | $1.8B | $17.8B | ||
| Q2 25 | $1.8B | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | $1.8B | $18.1B | ||
| Q3 24 | $1.8B | $18.1B | ||
| Q2 24 | $1.8B | $18.2B |
股东权益AAPKMX
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $6.1B | ||
| Q3 25 | $2.2B | $6.2B | ||
| Q2 25 | $2.2B | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $2.6B | $6.2B | ||
| Q3 24 | $2.6B | $6.2B | ||
| Q2 24 | $2.6B | $6.2B |
总资产AAPKMX
| Q1 26 | $11.8B | — | ||
| Q4 25 | $12.1B | $25.6B | ||
| Q3 25 | $10.5B | $27.1B | ||
| Q2 25 | $10.6B | $27.4B | ||
| Q1 25 | — | $27.4B | ||
| Q4 24 | $12.5B | $27.3B | ||
| Q3 24 | $12.3B | $27.3B | ||
| Q2 24 | $12.2B | $27.2B |
负债/权益比AAPKMX
| Q1 26 | 1.55× | — | ||
| Q4 25 | 1.55× | 2.74× | ||
| Q3 25 | 0.81× | 2.87× | ||
| Q2 25 | 0.81× | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | 0.69× | 2.92× | ||
| Q3 24 | 0.69× | 2.93× | ||
| Q2 24 | 0.70× | 2.95× |
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 | $72.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-21.0M | $1.1B |
| 自由现金流率自由现金流/营收 | -1.1% | 19.2% |
| 资本支出强度资本支出/营收 | 4.7% | 2.4% |
| 现金转化率经营现金流/净利润 | 12.00× | 20.14× |
| 过去12个月自由现金流最近4个季度 | $-298.0M | $1.9B |
8季度趋势，按日历期对齐
经营现金流AAPKMX
| Q1 26 | $72.0M | — | ||
| Q4 25 | $-12.0M | $1.3B | ||
| Q3 25 | $50.0M | $785.5M | ||
| Q2 25 | $-156.0M | $299.5M | ||
| Q1 25 | — | $146.4M | ||
| Q4 24 | $70.0M | $-23.4M | ||
| Q3 24 | $85.0M | $619.1M | ||
| Q2 24 | $3.0M | $-117.7M |
自由现金流AAPKMX
| Q1 26 | $-21.0M | — | ||
| Q4 25 | $-76.0M | $1.1B | ||
| Q3 25 | $-3.0M | $654.0M | ||
| Q2 25 | $-198.0M | $162.8M | ||
| Q1 25 | — | $18.8M | ||
| Q4 24 | $27.0M | $-150.6M | ||
| Q3 24 | $44.0M | $509.9M | ||
| Q2 24 | $-43.0M | $-221.6M |
自由现金流率AAPKMX
| Q1 26 | -1.1% | — | ||
| Q4 25 | -3.7% | 19.2% | ||
| Q3 25 | -0.1% | 9.9% | ||
| Q2 25 | -7.7% | 2.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 1.3% | -2.4% | ||
| Q3 24 | 2.0% | 7.3% | ||
| Q2 24 | -1.6% | -3.1% |
资本支出强度AAPKMX
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.1% | 2.4% | ||
| Q3 25 | 2.6% | 2.0% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 2.0% | 2.0% | ||
| Q3 24 | 1.9% | 1.6% | ||
| Q2 24 | 1.7% | 1.5% |
现金转化率AAPKMX
| Q1 26 | 12.00× | — | ||
| Q4 25 | — | 20.14× | ||
| Q3 25 | 3.33× | 8.24× | ||
| Q2 25 | -6.50× | 1.42× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | 1.89× | 4.66× | ||
| Q2 24 | 0.07× | -0.77× |
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
AAP
暂无分部数据
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
