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ACV Auctions Inc.（ACVA）与Builders FirstSource（BLDR）财务数据对比。点击上方公司名可切换其他公司
Builders FirstSource的季度营收约是ACV Auctions Inc.的18.3倍（$3.4B vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs -12.1%）。Builders FirstSource自由现金流更多（$106.7M vs $-14.7M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs -7.1%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
ACVA vs BLDR — 直观对比
营收规模更大
BLDR
是对方的18.3倍
$183.6M
营收增速更快
ACVA
高出27.2%
-12.1%
自由现金流更多
BLDR
多$121.4M
$-14.7M
两年增速更快
ACVA
近两年复合增速
-7.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $3.4B |
| 净利润 | — | $31.5M |
| 毛利率 | — | 29.8% |
| 营业利润率 | -9.7% | 1.8% |
| 净利率 | — | 0.9% |
| 营收同比 | 15.1% | -12.1% |
| 净利润同比 | — | -83.5% |
| 每股收益（稀释后） | $-0.12 | $0.29 |
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ACVABLDR
| Q4 25 | $183.6M | $3.4B | ||
| Q3 25 | $199.6M | $3.9B | ||
| Q2 25 | $193.7M | $4.2B | ||
| Q1 25 | $182.7M | $3.7B | ||
| Q4 24 | $159.5M | $3.8B | ||
| Q3 24 | $171.3M | $4.2B | ||
| Q2 24 | $160.6M | $4.5B | ||
| Q1 24 | $145.7M | $3.9B |
净利润ACVABLDR
| Q4 25 | — | $31.5M | ||
| Q3 25 | $-24.5M | $122.4M | ||
| Q2 25 | $-7.3M | $185.0M | ||
| Q1 25 | $-14.8M | $96.3M | ||
| Q4 24 | — | $190.2M | ||
| Q3 24 | $-16.0M | $284.8M | ||
| Q2 24 | $-17.1M | $344.1M | ||
| Q1 24 | $-20.5M | $258.8M |
毛利率ACVABLDR
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 33.4% |
营业利润率ACVABLDR
| Q4 25 | -9.7% | 1.8% | ||
| Q3 25 | -11.9% | 5.8% | ||
| Q2 25 | -3.7% | 7.4% | ||
| Q1 25 | -7.9% | 5.0% | ||
| Q4 24 | -16.2% | 8.0% | ||
| Q3 24 | -10.0% | 10.1% | ||
| Q2 24 | -11.6% | 11.0% | ||
| Q1 24 | -15.5% | 9.6% |
净利率ACVABLDR
| Q4 25 | — | 0.9% | ||
| Q3 25 | -12.3% | 3.1% | ||
| Q2 25 | -3.8% | 4.4% | ||
| Q1 25 | -8.1% | 2.6% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | -9.4% | 6.7% | ||
| Q2 24 | -10.6% | 7.7% | ||
| Q1 24 | -14.1% | 6.7% |
每股收益（稀释后）ACVABLDR
| Q4 25 | $-0.12 | $0.29 | ||
| Q3 25 | $-0.14 | $1.10 | ||
| Q2 25 | $-0.04 | $1.66 | ||
| Q1 25 | $-0.09 | $0.84 | ||
| Q4 24 | $-0.15 | $1.65 | ||
| Q3 24 | $-0.10 | $2.44 | ||
| Q2 24 | $-0.10 | $2.87 | ||
| Q1 24 | $-0.13 | $2.10 |
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 | $271.5M | $181.8M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $429.7M | $4.4B |
| 总资产 | $1.1B | $11.2B |
| 负债/权益比越低杠杆越低 | — | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资ACVABLDR
| Q4 25 | $271.5M | $181.8M | ||
| Q3 25 | $265.3M | $296.2M | ||
| Q2 25 | $258.4M | $87.0M | ||
| Q1 25 | $291.9M | $115.4M | ||
| Q4 24 | $224.1M | $153.6M | ||
| Q3 24 | $252.5M | $328.1M | ||
| Q2 24 | $215.0M | $75.6M | ||
| Q1 24 | $209.8M | $697.5M |
总债务ACVABLDR
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.7B |
股东权益ACVABLDR
| Q4 25 | $429.7M | $4.4B | ||
| Q3 25 | $434.4M | $4.3B | ||
| Q2 25 | $448.8M | $4.2B | ||
| Q1 25 | $439.6M | $4.4B | ||
| Q4 24 | $440.0M | $4.3B | ||
| Q3 24 | $456.2M | $4.4B | ||
| Q2 24 | $457.6M | $4.3B | ||
| Q1 24 | $458.3M | $5.0B |
总资产ACVABLDR
| Q4 25 | $1.1B | $11.2B | ||
| Q3 25 | $1.2B | $11.4B | ||
| Q2 25 | $1.1B | $11.5B | ||
| Q1 25 | $1.2B | $11.4B | ||
| Q4 24 | $984.1M | $10.6B | ||
| Q3 24 | $1.0B | $10.9B | ||
| Q2 24 | $1.0B | $10.7B | ||
| Q1 24 | $1.0B | $11.2B |
负债/权益比ACVABLDR
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.75× |
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 | $-12.4M | $194.8M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $106.7M |
| 自由现金流率自由现金流/营收 | -8.0% | 3.2% |
| 资本支出强度资本支出/营收 | 1.2% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 6.19× |
| 过去12个月自由现金流最近4个季度 | $69.1M | $853.3M |
8季度趋势，按日历期对齐
经营现金流ACVABLDR
| Q4 25 | $-12.4M | $194.8M | ||
| Q3 25 | $10.3M | $547.7M | ||
| Q2 25 | $13.7M | $341.0M | ||
| Q1 25 | $66.6M | $132.3M | ||
| Q4 24 | $-3.2M | $373.5M | ||
| Q3 24 | $21.1M | $730.0M | ||
| Q2 24 | $4.5M | $452.1M | ||
| Q1 24 | $43.0M | $317.2M |
自由现金流ACVABLDR
| Q4 25 | $-14.7M | $106.7M | ||
| Q3 25 | $7.7M | $461.9M | ||
| Q2 25 | $10.9M | $252.3M | ||
| Q1 25 | $65.3M | $32.4M | ||
| Q4 24 | $-3.9M | $273.8M | ||
| Q3 24 | $20.2M | $630.4M | ||
| Q2 24 | $2.7M | $364.0M | ||
| Q1 24 | $41.9M | $224.0M |
自由现金流率ACVABLDR
| Q4 25 | -8.0% | 3.2% | ||
| Q3 25 | 3.8% | 11.7% | ||
| Q2 25 | 5.6% | 6.0% | ||
| Q1 25 | 35.7% | 0.9% | ||
| Q4 24 | -2.5% | 7.2% | ||
| Q3 24 | 11.8% | 14.9% | ||
| Q2 24 | 1.7% | 8.2% | ||
| Q1 24 | 28.8% | 5.8% |
资本支出强度ACVABLDR
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 1.5% | 2.1% | ||
| Q1 25 | 0.7% | 2.7% | ||
| Q4 24 | 0.4% | 2.6% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 1.1% | 2.0% | ||
| Q1 24 | 0.7% | 2.4% |
现金转化率ACVABLDR
| Q4 25 | — | 6.19× | ||
| Q3 25 | — | 4.48× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | — | 1.23× |
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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
