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APPLIED INDUSTRIAL TECHNOLOGIES INC（AIT）与达美乐（DPZ）财务数据对比。点击上方公司名可切换其他公司
APPLIED INDUSTRIAL TECHNOLOGIES INC的季度营收约是达美乐的1.0倍（$1.2B vs $1.2B），达美乐净利率更高（12.2% vs 8.2%，领先4.0%），APPLIED INDUSTRIAL TECHNOLOGIES INC同比增速更快（8.4% vs 3.5%），达美乐自由现金流更多（$147.0M vs $93.4M），过去两年达美乐的营收复合增速更高（3.0% vs 0.7%）
AIT（Applied Industrial Technologies Inc）是总部位于美国的全球化上市工业企业，主营轴承、动力传动产品、工程级流体动力组件及系统、特种流量控制产品等工业用品分销，同时为工业及流体动力应用场景提供工程设计、系统集成及定制化配套服务。
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
AIT vs DPZ — 直观对比
营收规模更大
AIT
是对方的1.0倍
$1.2B
营收增速更快
AIT
高出4.9%
3.5%
净利率更高
DPZ
高出4.0%
8.2%
自由现金流更多
DPZ
多$53.6M
$93.4M
两年增速更快
DPZ
近两年复合增速
0.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $95.3M | $139.8M |
| 毛利率 | 30.4% | 40.4% |
| 营业利润率 | 10.6% | 20.0% |
| 净利率 | 8.2% | 12.2% |
| 营收同比 | 8.4% | 3.5% |
| 净利润同比 | 2.2% | -6.6% |
| 每股收益（稀释后） | $2.51 | $4.13 |
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AITDPZ
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
净利润AITDPZ
| Q1 26 | — | $139.8M | ||
| Q4 25 | $95.3M | — | ||
| Q3 25 | $100.8M | $139.3M | ||
| Q2 25 | $107.8M | $131.1M | ||
| Q1 25 | $99.8M | $149.7M | ||
| Q4 24 | $93.3M | $169.4M | ||
| Q3 24 | $92.1M | $146.9M | ||
| Q2 24 | $103.5M | $142.0M |
毛利率AITDPZ
| Q1 26 | — | 40.4% | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 30.1% | 40.1% | ||
| Q2 25 | 30.6% | 40.3% | ||
| Q1 25 | 30.5% | 39.8% | ||
| Q4 24 | 30.6% | 39.2% | ||
| Q3 24 | 29.6% | 39.2% | ||
| Q2 24 | 30.7% | 39.8% |
营业利润率AITDPZ
| Q1 26 | — | 20.0% | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | 10.8% | 19.5% | ||
| Q2 25 | 11.0% | 19.7% | ||
| Q1 25 | 11.1% | 18.9% | ||
| Q4 24 | 11.3% | 19.0% | ||
| Q3 24 | 10.3% | 18.4% | ||
| Q2 24 | 12.0% | 17.9% |
净利率AITDPZ
| Q1 26 | — | 12.2% | ||
| Q4 25 | 8.2% | — | ||
| Q3 25 | 8.4% | 12.1% | ||
| Q2 25 | 8.8% | 11.4% | ||
| Q1 25 | 8.6% | 13.5% | ||
| Q4 24 | 8.7% | 11.7% | ||
| Q3 24 | 8.4% | 13.6% | ||
| Q2 24 | 8.9% | 12.9% |
每股收益（稀释后）AITDPZ
| Q1 26 | — | $4.13 | ||
| Q4 25 | $2.51 | — | ||
| Q3 25 | $2.63 | $4.08 | ||
| Q2 25 | $2.80 | $3.81 | ||
| Q1 25 | $2.57 | $4.33 | ||
| Q4 24 | $2.39 | $4.89 | ||
| Q3 24 | $2.36 | $4.19 | ||
| Q2 24 | $2.64 | $4.03 |
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 | $406.0M | $232.9M |
| 总债务越低越好 | — | $4.9B |
| 股东权益账面价值 | $1.9B | — |
| 总资产 | $3.2B | $1.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AITDPZ
| Q1 26 | — | $232.9M | ||
| Q4 25 | $406.0M | — | ||
| Q3 25 | $418.7M | $139.7M | ||
| Q2 25 | $388.4M | $272.9M | ||
| Q1 25 | $352.8M | $304.3M | ||
| Q4 24 | $303.4M | $186.1M | ||
| Q3 24 | $538.5M | $189.1M | ||
| Q2 24 | $460.6M | $283.7M |
总债务AITDPZ
| Q1 26 | — | $4.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B |
股东权益AITDPZ
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $-4.0B | ||
| Q2 25 | $1.8B | $-4.0B | ||
| Q1 25 | $1.8B | $-3.9B | ||
| Q4 24 | $1.8B | $-4.0B | ||
| Q3 24 | $1.8B | $-4.0B | ||
| Q2 24 | $1.7B | $-3.9B |
总资产AITDPZ
| Q1 26 | — | $1.8B | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $3.0B | $1.9B |
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 | $99.7M | $162.0M |
| 自由现金流经营现金流 - 资本支出 | $93.4M | $147.0M |
| 自由现金流率自由现金流/营收 | 8.0% | 12.8% |
| 资本支出强度资本支出/营收 | 0.5% | 1.3% |
| 现金转化率经营现金流/净利润 | 1.05× | 1.16× |
| 过去12个月自由现金流最近4个季度 | $458.5M | $642.6M |
8季度趋势，按日历期对齐
经营现金流AITDPZ
| Q1 26 | — | $162.0M | ||
| Q4 25 | $99.7M | — | ||
| Q3 25 | $119.3M | $185.4M | ||
| Q2 25 | $147.0M | $187.8M | ||
| Q1 25 | $122.5M | $179.1M | ||
| Q4 24 | $95.1M | $178.0M | ||
| Q3 24 | $127.7M | $172.7M | ||
| Q2 24 | $119.2M | $150.7M |
自由现金流AITDPZ
| Q1 26 | — | $147.0M | ||
| Q4 25 | $93.4M | — | ||
| Q3 25 | $112.0M | $164.0M | ||
| Q2 25 | $138.2M | $167.3M | ||
| Q1 25 | $114.9M | $164.3M | ||
| Q4 24 | $89.9M | $135.9M | ||
| Q3 24 | $122.2M | $145.6M | ||
| Q2 24 | $111.7M | $127.2M |
自由现金流率AITDPZ
| Q1 26 | — | 12.8% | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 9.3% | 14.3% | ||
| Q2 25 | 11.3% | 14.6% | ||
| Q1 25 | 9.8% | 14.8% | ||
| Q4 24 | 8.4% | 9.4% | ||
| Q3 24 | 11.1% | 13.5% | ||
| Q2 24 | 9.6% | 11.6% |
资本支出强度AITDPZ
| Q1 26 | — | 1.3% | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | 1.9% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.6% | 1.3% | ||
| Q4 24 | 0.5% | 2.9% | ||
| Q3 24 | 0.5% | 2.5% | ||
| Q2 24 | 0.6% | 2.1% |
现金转化率AITDPZ
| Q1 26 | — | 1.16× | ||
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.18× | 1.33× | ||
| Q2 25 | 1.36× | 1.43× | ||
| Q1 25 | 1.23× | 1.20× | ||
| Q4 24 | 1.02× | 1.05× | ||
| Q3 24 | 1.39× | 1.18× | ||
| Q2 24 | 1.15× | 1.06× |
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
AIT
| Service Center Based Distribution Segment | $625.2M | 54% |
| Engineered Solutions Segment | $398.9M | 34% |
| Other | $75.8M | 7% |
| Hydradyne LLC | $63.1M | 5% |
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
