vs
ASBURY AUTOMOTIVE GROUP INC（ABG）与CARVANA CO.（CVNA）财务数据对比。点击上方公司名可切换其他公司
CARVANA CO.的季度营收约是ASBURY AUTOMOTIVE GROUP INC的1.2倍（$5.6B vs $4.7B）。CARVANA CO.净利率更高（15.3% vs 1.3%，领先14.0%）。CARVANA CO.同比增速更快（58.0% vs 3.8%）。过去两年CARVANA CO.的营收复合增速更高（35.3% vs 5.5%）
阿斯伯里汽车集团是一家总部位于亚特兰大地区的美国企业，1995年成立，业务覆盖美国多地的汽车经销领域，在2025年《财富》世界500强榜单中位列第242位，是美国汽车经销行业颇具规模的代表性企业。
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
ABG vs CVNA — 直观对比
营收规模更大
CVNA
是对方的1.2倍
$4.7B
营收增速更快
CVNA
高出54.1%
3.8%
净利率更高
CVNA
高出14.0%
1.3%
两年增速更快
CVNA
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $5.6B |
| 净利润 | $60.0M | $857.0M |
| 毛利率 | 17.0% | 18.8% |
| 营业利润率 | 2.7% | 7.6% |
| 净利率 | 1.3% | 15.3% |
| 营收同比 | 3.8% | 58.0% |
| 净利润同比 | -53.4% | 984.8% |
| 每股收益（稀释后） | $3.14 | — |
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ABGCVNA
| Q4 25 | $4.7B | $5.6B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $4.4B | $4.8B | ||
| Q1 25 | $4.1B | $4.2B | ||
| Q4 24 | $4.5B | $3.5B | ||
| Q3 24 | $4.2B | $3.7B | ||
| Q2 24 | $4.2B | $3.4B | ||
| Q1 24 | $4.2B | $3.1B |
净利润ABGCVNA
| Q4 25 | $60.0M | $857.0M | ||
| Q3 25 | $147.1M | $151.0M | ||
| Q2 25 | $152.8M | $183.0M | ||
| Q1 25 | $132.1M | $216.0M | ||
| Q4 24 | $128.8M | $79.0M | ||
| Q3 24 | $126.3M | $85.0M | ||
| Q2 24 | $28.1M | $18.0M | ||
| Q1 24 | $147.1M | $28.0M |
毛利率ABGCVNA
| Q4 25 | 17.0% | 18.8% | ||
| Q3 25 | 16.7% | 20.3% | ||
| Q2 25 | 17.2% | 22.0% | ||
| Q1 25 | 17.5% | 22.0% | ||
| Q4 24 | 16.6% | 21.5% | ||
| Q3 24 | 16.9% | 22.1% | ||
| Q2 24 | 17.2% | 21.0% | ||
| Q1 24 | 17.9% | 19.3% |
营业利润率ABGCVNA
| Q4 25 | 2.7% | 7.6% | ||
| Q3 25 | 5.1% | 9.8% | ||
| Q2 25 | 5.9% | 10.6% | ||
| Q1 25 | 5.6% | 9.3% | ||
| Q4 24 | 5.3% | 7.3% | ||
| Q3 24 | 5.5% | 9.2% | ||
| Q2 24 | 2.4% | 7.6% | ||
| Q1 24 | 6.3% | 4.4% |
净利率ABGCVNA
| Q4 25 | 1.3% | 15.3% | ||
| Q3 25 | 3.1% | 2.7% | ||
| Q2 25 | 3.5% | 3.8% | ||
| Q1 25 | 3.2% | 5.1% | ||
| Q4 24 | 2.9% | 2.2% | ||
| Q3 24 | 3.0% | 2.3% | ||
| Q2 24 | 0.7% | 0.5% | ||
| Q1 24 | 3.5% | 0.9% |
每股收益（稀释后）ABGCVNA
| Q4 25 | $3.14 | — | ||
| Q3 25 | $7.52 | — | ||
| Q2 25 | $7.76 | — | ||
| Q1 25 | $6.71 | — | ||
| Q4 24 | $6.53 | — | ||
| Q3 24 | $6.37 | — | ||
| Q2 24 | $1.39 | — | ||
| Q1 24 | $7.21 | $0.24 |
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 | $500.0K | $2.3B |
| 总债务越低越好 | $3.1B | $4.9B |
| 股东权益账面价值 | $3.9B | $3.4B |
| 总资产 | $11.6B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.79× | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资ABGCVNA
| Q4 25 | $500.0K | $2.3B | ||
| Q3 25 | $900.0K | $2.1B | ||
| Q2 25 | $2.8M | $1.9B | ||
| Q1 25 | $6.6M | $1.9B | ||
| Q4 24 | $14.4M | $1.7B | ||
| Q3 24 | $9.0M | $871.0M | ||
| Q2 24 | $10.5M | $542.0M | ||
| Q1 24 | $6.9M | $252.0M |
总债务ABGCVNA
| Q4 25 | $3.1B | $4.9B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.1B | — |
股东权益ABGCVNA
| Q4 25 | $3.9B | $3.4B | ||
| Q3 25 | $3.9B | $2.3B | ||
| Q2 25 | $3.8B | $1.7B | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.5B | $1.3B | ||
| Q3 24 | $3.4B | $611.0M | ||
| Q2 24 | $3.3B | $526.0M | ||
| Q1 24 | $3.3B | $289.0M |
总资产ABGCVNA
| Q4 25 | $11.6B | $13.2B | ||
| Q3 25 | $11.8B | $9.9B | ||
| Q2 25 | $10.1B | $9.4B | ||
| Q1 25 | $10.2B | $8.9B | ||
| Q4 24 | $10.3B | $8.5B | ||
| Q3 24 | $10.2B | $7.4B | ||
| Q2 24 | $10.3B | $7.2B | ||
| Q1 24 | $10.1B | $7.0B |
负债/权益比ABGCVNA
| Q4 25 | 0.79× | 1.43× | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.86× | 4.20× | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.05× | — | ||
| Q1 24 | 0.93× | — |
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 | $151.9M | $430.0M |
| 自由现金流经营现金流 - 资本支出 | — | $379.0M |
| 自由现金流率自由现金流/营收 | — | 6.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 2.53× | 0.50× |
| 过去12个月自由现金流最近4个季度 | — | $889.0M |
8季度趋势，按日历期对齐
经营现金流ABGCVNA
| Q4 25 | $151.9M | $430.0M | ||
| Q3 25 | $306.9M | $345.0M | ||
| Q2 25 | $91.4M | $29.0M | ||
| Q1 25 | $225.0M | $232.0M | ||
| Q4 24 | $244.2M | $60.0M | ||
| Q3 24 | $404.3M | $403.0M | ||
| Q2 24 | $-154.4M | $354.0M | ||
| Q1 24 | $177.1M | $101.0M |
自由现金流ABGCVNA
| Q4 25 | — | $379.0M | ||
| Q3 25 | — | $307.0M | ||
| Q2 25 | — | $-2.0M | ||
| Q1 25 | — | $205.0M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $376.0M | ||
| Q2 24 | — | $332.0M | ||
| Q1 24 | — | $83.0M |
自由现金流率ABGCVNA
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | -0.0% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 2.7% |
资本支出强度ABGCVNA
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率ABGCVNA
| Q4 25 | 2.53× | 0.50× | ||
| Q3 25 | 2.09× | 2.28× | ||
| Q2 25 | 0.60× | 0.16× | ||
| Q1 25 | 1.70× | 1.07× | ||
| Q4 24 | 1.90× | 0.76× | ||
| Q3 24 | 3.20× | 4.74× | ||
| Q2 24 | -5.49× | 19.67× | ||
| Q1 24 | 1.20× | 3.61× |
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
ABG
| Dealerships | $4.6B | 98% |
| TCA | $81.4M | 2% |
| New Vehicles | $33.5M | 1% |
CVNA
| Used Vehicle Sales | $4.2B | 74% |
| Wholesale Sales And Revenues | $988.0M | 18% |
| Other | $459.0M | 8% |
