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Arcosa, Inc.（ACA）与DXP ENTERPRISES INC（DXPE）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是DXP ENTERPRISES INC的1.4倍（$716.7M vs $527.4M），Arcosa, Inc.净利率更高（7.3% vs 4.3%，领先2.9%），DXP ENTERPRISES INC同比增速更快（12.0% vs 7.6%），Arcosa, Inc.自由现金流更多（$55.8M vs $34.5M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
ACA vs DXPE — 直观对比
营收规模更大
ACA
是对方的1.4倍
$527.4M
营收增速更快
DXPE
高出4.4%
7.6%
净利率更高
ACA
高出2.9%
4.3%
自由现金流更多
ACA
多$21.3M
$34.5M
两年增速更快
DXPE
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $527.4M |
| 净利润 | $52.1M | $22.8M |
| 毛利率 | 22.9% | 31.6% |
| 营业利润率 | 11.0% | 8.8% |
| 净利率 | 7.3% | 4.3% |
| 营收同比 | 7.6% | 12.0% |
| 净利润同比 | 776.6% | 6.9% |
| 每股收益（稀释后） | $1.06 | $1.38 |
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ACADXPE
| Q4 25 | $716.7M | $527.4M | ||
| Q3 25 | $797.8M | $513.7M | ||
| Q2 25 | $736.9M | $498.7M | ||
| Q1 25 | $632.0M | $476.6M | ||
| Q4 24 | $666.2M | $470.9M | ||
| Q3 24 | $640.4M | $472.9M | ||
| Q2 24 | $664.7M | $445.6M | ||
| Q1 24 | $598.6M | $412.6M |
净利润ACADXPE
| Q4 25 | $52.1M | $22.8M | ||
| Q3 25 | $73.0M | $21.6M | ||
| Q2 25 | $59.7M | $23.6M | ||
| Q1 25 | $23.6M | $20.6M | ||
| Q4 24 | $-7.7M | $21.4M | ||
| Q3 24 | $16.6M | $21.1M | ||
| Q2 24 | $45.6M | $16.7M | ||
| Q1 24 | $39.2M | $11.3M |
毛利率ACADXPE
| Q4 25 | 22.9% | 31.6% | ||
| Q3 25 | 24.1% | 31.4% | ||
| Q2 25 | 22.5% | 31.6% | ||
| Q1 25 | 19.8% | 31.5% | ||
| Q4 24 | 19.3% | 31.5% | ||
| Q3 24 | 21.3% | 30.9% | ||
| Q2 24 | 20.8% | 30.9% | ||
| Q1 24 | 18.6% | 30.0% |
营业利润率ACADXPE
| Q4 25 | 11.0% | 8.8% | ||
| Q3 25 | 14.1% | 8.5% | ||
| Q2 25 | 12.9% | 9.2% | ||
| Q1 25 | 8.8% | 8.5% | ||
| Q4 24 | 6.5% | 8.3% | ||
| Q3 24 | 5.3% | 8.4% | ||
| Q2 24 | 10.1% | 8.4% | ||
| Q1 24 | 8.9% | 7.1% |
净利率ACADXPE
| Q4 25 | 7.3% | 4.3% | ||
| Q3 25 | 9.2% | 4.2% | ||
| Q2 25 | 8.1% | 4.7% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | -1.2% | 4.5% | ||
| Q3 24 | 2.6% | 4.5% | ||
| Q2 24 | 6.9% | 3.7% | ||
| Q1 24 | 6.5% | 2.7% |
每股收益（稀释后）ACADXPE
| Q4 25 | $1.06 | $1.38 | ||
| Q3 25 | $1.48 | $1.31 | ||
| Q2 25 | $1.22 | $1.43 | ||
| Q1 25 | $0.48 | $1.25 | ||
| Q4 24 | $-0.16 | $1.28 | ||
| Q3 24 | $0.34 | $1.27 | ||
| Q2 24 | $0.93 | $1.00 | ||
| Q1 24 | $0.80 | $0.67 |
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 | $214.6M | $303.8M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $498.4M |
| 总资产 | $5.0B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACADXPE
| Q4 25 | $214.6M | $303.8M | ||
| Q3 25 | $220.0M | $123.8M | ||
| Q2 25 | $189.7M | $112.9M | ||
| Q1 25 | $167.9M | $114.3M | ||
| Q4 24 | $187.3M | $148.3M | ||
| Q3 24 | $756.8M | $35.0M | ||
| Q2 24 | $103.7M | $49.9M | ||
| Q1 24 | $176.5M | $139.7M |
总债务ACADXPE
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACADXPE
| Q4 25 | $2.6B | $498.4M | ||
| Q3 25 | $2.6B | $488.3M | ||
| Q2 25 | $2.5B | $468.1M | ||
| Q1 25 | $2.5B | $444.7M | ||
| Q4 24 | $2.4B | $422.8M | ||
| Q3 24 | $2.4B | $402.4M | ||
| Q2 24 | $2.4B | $384.7M | ||
| Q1 24 | $2.4B | $375.5M |
总资产ACADXPE
| Q4 25 | $5.0B | $1.7B | ||
| Q3 25 | $5.1B | $1.4B | ||
| Q2 25 | $5.0B | $1.4B | ||
| Q1 25 | $4.9B | $1.4B | ||
| Q4 24 | $4.9B | $1.3B | ||
| Q3 24 | $4.4B | $1.2B | ||
| Q2 24 | $3.8B | $1.2B | ||
| Q1 24 | $3.7B | $1.2B |
负债/权益比ACADXPE
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $37.8M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $34.5M |
| 自由现金流率自由现金流/营收 | 7.8% | 6.5% |
| 资本支出强度资本支出/营收 | 9.0% | 0.6% |
| 现金转化率经营现金流/净利润 | 2.30× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $54.0M |
8季度趋势，按日历期对齐
经营现金流ACADXPE
| Q4 25 | $120.0M | $37.8M | ||
| Q3 25 | $160.6M | $34.9M | ||
| Q2 25 | $61.2M | $18.6M | ||
| Q1 25 | $-700.0K | $3.0M | ||
| Q4 24 | $248.2M | $32.1M | ||
| Q3 24 | $135.0M | $28.3M | ||
| Q2 24 | $38.3M | $14.7M | ||
| Q1 24 | $80.5M | $27.0M |
自由现金流ACADXPE
| Q4 25 | $55.8M | $34.5M | ||
| Q3 25 | $121.0M | $28.1M | ||
| Q2 25 | $33.4M | $8.3M | ||
| Q1 25 | $-34.7M | $-16.9M | ||
| Q4 24 | $194.9M | $22.7M | ||
| Q3 24 | $100.6M | $24.4M | ||
| Q2 24 | $-9.3M | $5.9M | ||
| Q1 24 | $26.1M | $24.1M |
自由现金流率ACADXPE
| Q4 25 | 7.8% | 6.5% | ||
| Q3 25 | 15.2% | 5.5% | ||
| Q2 25 | 4.5% | 1.7% | ||
| Q1 25 | -5.5% | -3.6% | ||
| Q4 24 | 29.3% | 4.8% | ||
| Q3 24 | 15.7% | 5.2% | ||
| Q2 24 | -1.4% | 1.3% | ||
| Q1 24 | 4.4% | 5.8% |
资本支出强度ACADXPE
| Q4 25 | 9.0% | 0.6% | ||
| Q3 25 | 5.0% | 1.3% | ||
| Q2 25 | 3.8% | 2.1% | ||
| Q1 25 | 5.4% | 4.2% | ||
| Q4 24 | 8.0% | 2.0% | ||
| Q3 24 | 5.4% | 0.8% | ||
| Q2 24 | 7.2% | 2.0% | ||
| Q1 24 | 9.1% | 0.7% |
现金转化率ACADXPE
| Q4 25 | 2.30× | 1.65× | ||
| Q3 25 | 2.20× | 1.61× | ||
| Q2 25 | 1.03× | 0.79× | ||
| Q1 25 | -0.03× | 0.14× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 8.13× | 1.34× | ||
| Q2 24 | 0.84× | 0.88× | ||
| Q1 24 | 2.05× | 2.38× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
