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ASBURY AUTOMOTIVE GROUP INC（ABG）与美客多（MELI）财务数据对比。点击上方公司名可切换其他公司
美客多的季度营收约是ASBURY AUTOMOTIVE GROUP INC的1.5倍（$6.1B vs $4.1B），美客多净利率更高（9.1% vs 4.6%，领先4.5%），美客多同比增速更快（40.2% vs -0.9%），过去两年美客多的营收复合增速更高（40.7% vs -1.6%）
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。
美客多（Mercado Libre）是起源于阿根廷、在美国特拉华州注册的互联网企业，核心业务涵盖电商平台运营及在线拍卖服务，是拉丁美洲头部电商平台。截至2016年，其在拉美地区拥有1.742亿用户，是当地访问量最高的电商站点。
ABG vs MELI — 直观对比
营收规模更大
MELI
是对方的1.5倍
$4.1B
营收增速更快
MELI
高出41.0%
-0.9%
净利率更高
MELI
高出4.5%
4.6%
两年增速更快
MELI
近两年复合增速
-1.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $6.1B |
| 净利润 | $187.8M | $559.0M |
| 毛利率 | 17.7% | 61.7% |
| 营业利润率 | 4.7% | 14.5% |
| 净利率 | 4.6% | 9.1% |
| 营收同比 | -0.9% | 40.2% |
| 净利润同比 | 42.2% | -12.5% |
| 每股收益（稀释后） | $9.87 | $11.03 |
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ABGMELI
| Q1 26 | $4.1B | — | ||
| Q4 25 | $4.7B | $6.1B | ||
| Q3 25 | $4.8B | $5.2B | ||
| Q2 25 | $4.4B | $4.8B | ||
| Q1 25 | $4.1B | $4.2B | ||
| Q4 24 | $4.5B | $4.4B | ||
| Q3 24 | $4.2B | $3.9B | ||
| Q2 24 | $4.2B | $3.8B |
净利润ABGMELI
| Q1 26 | $187.8M | — | ||
| Q4 25 | $60.0M | $559.0M | ||
| Q3 25 | $147.1M | $421.0M | ||
| Q2 25 | $152.8M | $523.0M | ||
| Q1 25 | $132.1M | $494.0M | ||
| Q4 24 | $128.8M | $639.0M | ||
| Q3 24 | $126.3M | $397.0M | ||
| Q2 24 | $28.1M | $531.0M |
毛利率ABGMELI
| Q1 26 | 17.7% | — | ||
| Q4 25 | 17.0% | 61.7% | ||
| Q3 25 | 16.7% | 61.7% | ||
| Q2 25 | 17.2% | 64.4% | ||
| Q1 25 | 17.5% | 66.1% | ||
| Q4 24 | 16.6% | 62.8% | ||
| Q3 24 | 16.9% | 62.6% | ||
| Q2 24 | 17.2% | 62.8% |
营业利润率ABGMELI
| Q1 26 | 4.7% | — | ||
| Q4 25 | 2.7% | 14.5% | ||
| Q3 25 | 5.1% | 13.9% | ||
| Q2 25 | 5.9% | 17.2% | ||
| Q1 25 | 5.6% | 18.2% | ||
| Q4 24 | 5.3% | 18.7% | ||
| Q3 24 | 5.5% | 14.3% | ||
| Q2 24 | 2.4% | 19.3% |
净利率ABGMELI
| Q1 26 | 4.6% | — | ||
| Q4 25 | 1.3% | 9.1% | ||
| Q3 25 | 3.1% | 8.1% | ||
| Q2 25 | 3.5% | 10.9% | ||
| Q1 25 | 3.2% | 11.8% | ||
| Q4 24 | 2.9% | 14.6% | ||
| Q3 24 | 3.0% | 10.2% | ||
| Q2 24 | 0.7% | 14.1% |
每股收益（稀释后）ABGMELI
| Q1 26 | $9.87 | — | ||
| Q4 25 | $3.14 | $11.03 | ||
| Q3 25 | $7.52 | $8.32 | ||
| Q2 25 | $7.76 | $10.31 | ||
| Q1 25 | $6.71 | $9.74 | ||
| Q4 24 | $6.53 | $12.60 | ||
| Q3 24 | $6.37 | $7.83 | ||
| Q2 24 | $1.39 | $10.48 |
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 | $25.3M | $6.3B |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $3.9B | $6.7B |
| 总资产 | — | $42.7B |
| 负债/权益比越低杠杆越低 | — | 0.68× |
8季度趋势，按日历期对齐
现金及短期投资ABGMELI
| Q1 26 | $25.3M | — | ||
| Q4 25 | $500.0K | $6.3B | ||
| Q3 25 | $900.0K | $6.3B | ||
| Q2 25 | $2.8M | $7.6B | ||
| Q1 25 | $6.6M | $8.1B | ||
| Q4 24 | $14.4M | $7.1B | ||
| Q3 24 | $9.0M | $6.7B | ||
| Q2 24 | $10.5M | $6.9B |
总债务ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $4.6B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.0B | $3.5B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.5B | $2.4B |
股东权益ABGMELI
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $6.7B | ||
| Q3 25 | $3.9B | $6.2B | ||
| Q2 25 | $3.8B | $5.7B | ||
| Q1 25 | $3.6B | $5.0B | ||
| Q4 24 | $3.5B | $4.4B | ||
| Q3 24 | $3.4B | $4.0B | ||
| Q2 24 | $3.3B | $3.7B |
总资产ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | $11.6B | $42.7B | ||
| Q3 25 | $11.8B | $36.7B | ||
| Q2 25 | $10.1B | $32.9B | ||
| Q1 25 | $10.2B | $27.7B | ||
| Q4 24 | $10.3B | $25.2B | ||
| Q3 24 | $10.2B | $22.6B | ||
| Q2 24 | $10.3B | $20.0B |
负债/权益比ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | 0.68× | ||
| Q3 25 | 0.90× | 0.55× | ||
| Q2 25 | 0.78× | 0.61× | ||
| Q1 25 | 0.83× | 0.57× | ||
| Q4 24 | 0.86× | 0.66× | ||
| Q3 24 | 0.98× | 0.78× | ||
| Q2 24 | 1.05× | 0.67× |
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 | — | $5.2B |
| 自由现金流经营现金流 - 资本支出 | — | $4.8B |
| 自由现金流率自由现金流/营收 | — | 77.9% |
| 资本支出强度资本支出/营收 | — | 7.0% |
| 现金转化率经营现金流/净利润 | — | 9.32× |
| 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ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | $151.9M | $5.2B | ||
| Q3 25 | $306.9M | $3.0B | ||
| Q2 25 | $91.4M | $2.9B | ||
| Q1 25 | $225.0M | $1.0B | ||
| Q4 24 | $244.2M | $2.9B | ||
| Q3 24 | $404.3M | $1.6B | ||
| Q2 24 | $-154.4M | $1.9B |
自由现金流ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $759.0M | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.7B |
自由现金流率ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 54.8% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 59.8% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 45.1% |
资本支出强度ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 4.9% |
现金转化率ABGMELI
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 9.32× | ||
| Q3 25 | 2.09× | 7.03× | ||
| Q2 25 | 0.60× | 5.58× | ||
| Q1 25 | 1.70× | 2.09× | ||
| Q4 24 | 1.90× | 4.58× | ||
| Q3 24 | 3.20× | 4.03× | ||
| Q2 24 | -5.49× | 3.54× |
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
| New vehicle | $2.1B | 51% |
| Retail | $1.1B | 26% |
| Parts and service | $626.8M | 15% |
| Finance and insurance, net | $179.0M | 4% |
| Wholesale | $146.8M | 4% |
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
