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APPLIED INDUSTRIAL TECHNOLOGIES INC（AIT）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是APPLIED INDUSTRIAL TECHNOLOGIES INC的5.0倍（$5.8B vs $1.2B）。APPLIED INDUSTRIAL TECHNOLOGIES INC净利率更高（8.2% vs 1.1%，领先7.1%）。APPLIED INDUSTRIAL TECHNOLOGIES INC同比增速更快（8.4% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $93.4M）。过去两年CarMax的营收复合增速更高（1.5% 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。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
AIT vs KMX — 直观对比
营收规模更大
KMX
是对方的5.0倍
$1.2B
营收增速更快
AIT
高出15.3%
-6.9%
净利率更高
AIT
高出7.1%
1.1%
自由现金流更多
KMX
多$1.0B
$93.4M
两年增速更快
KMX
近两年复合增速
0.7%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $5.8B |
| 净利润 | $95.3M | $62.2M |
| 毛利率 | 30.4% | 10.2% |
| 营业利润率 | 10.6% | — |
| 净利率 | 8.2% | 1.1% |
| 营收同比 | 8.4% | -6.9% |
| 净利润同比 | 2.2% | -50.4% |
| 每股收益（稀释后） | $2.51 | $0.43 |
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AITKMX
| Q4 25 | $1.2B | $5.8B | ||
| Q3 25 | $1.2B | $6.6B | ||
| Q2 25 | $1.2B | $7.5B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.1B | $6.2B | ||
| Q3 24 | $1.1B | $7.0B | ||
| Q2 24 | $1.2B | $7.1B | ||
| Q1 24 | $1.1B | $5.6B |
净利润AITKMX
| Q4 25 | $95.3M | $62.2M | ||
| Q3 25 | $100.8M | $95.4M | ||
| Q2 25 | $107.8M | $210.4M | ||
| Q1 25 | $99.8M | $89.9M | ||
| Q4 24 | $93.3M | $125.4M | ||
| Q3 24 | $92.1M | $132.8M | ||
| Q2 24 | $103.5M | $152.4M | ||
| Q1 24 | $97.2M | $50.3M |
毛利率AITKMX
| Q4 25 | 30.4% | 10.2% | ||
| Q3 25 | 30.1% | 10.9% | ||
| Q2 25 | 30.6% | 11.8% | ||
| Q1 25 | 30.5% | 11.1% | ||
| Q4 24 | 30.6% | 10.9% | ||
| Q3 24 | 29.6% | 10.8% | ||
| Q2 24 | 30.7% | 11.1% | ||
| Q1 24 | 29.5% | 10.4% |
营业利润率AITKMX
| Q4 25 | 10.6% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 11.1% | 2.0% | ||
| Q4 24 | 11.3% | 2.7% | ||
| Q3 24 | 10.3% | 2.5% | ||
| Q2 24 | 12.0% | 2.9% | ||
| Q1 24 | 10.6% | 1.2% |
净利率AITKMX
| Q4 25 | 8.2% | 1.1% | ||
| Q3 25 | 8.4% | 1.4% | ||
| Q2 25 | 8.8% | 2.8% | ||
| Q1 25 | 8.6% | 1.5% | ||
| Q4 24 | 8.7% | 2.0% | ||
| Q3 24 | 8.4% | 1.9% | ||
| Q2 24 | 8.9% | 2.1% | ||
| Q1 24 | 8.5% | 0.9% |
每股收益（稀释后）AITKMX
| Q4 25 | $2.51 | $0.43 | ||
| Q3 25 | $2.63 | $0.64 | ||
| Q2 25 | $2.80 | $1.38 | ||
| Q1 25 | $2.57 | $0.58 | ||
| Q4 24 | $2.39 | $0.81 | ||
| Q3 24 | $2.36 | $0.85 | ||
| Q2 24 | $2.64 | $0.97 | ||
| Q1 24 | $2.48 | $0.31 |
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 | $204.9M |
| 总债务越低越好 | — | $16.6B |
| 股东权益账面价值 | $1.9B | $6.1B |
| 总资产 | $3.2B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资AITKMX
| Q4 25 | $406.0M | $204.9M | ||
| Q3 25 | $418.7M | $540.4M | ||
| Q2 25 | $388.4M | $262.8M | ||
| Q1 25 | $352.8M | $247.0M | ||
| Q4 24 | $303.4M | $271.9M | ||
| Q3 24 | $538.5M | $524.7M | ||
| Q2 24 | $460.6M | $218.9M | ||
| Q1 24 | $456.5M | $574.1M |
总债务AITKMX
| Q4 25 | — | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
股东权益AITKMX
| Q4 25 | $1.9B | $6.1B | ||
| Q3 25 | $1.9B | $6.2B | ||
| Q2 25 | $1.8B | $6.3B | ||
| Q1 25 | $1.8B | $6.2B | ||
| Q4 24 | $1.8B | $6.2B | ||
| Q3 24 | $1.8B | $6.2B | ||
| Q2 24 | $1.7B | $6.2B | ||
| Q1 24 | $1.7B | $6.1B |
总资产AITKMX
| Q4 25 | $3.2B | $25.6B | ||
| Q3 25 | $3.2B | $27.1B | ||
| Q2 25 | $3.2B | $27.4B | ||
| Q1 25 | $3.1B | $27.4B | ||
| Q4 24 | $3.0B | $27.3B | ||
| Q3 24 | $3.0B | $27.3B | ||
| Q2 24 | $3.0B | $27.2B | ||
| Q1 24 | $2.9B | $27.2B |
负债/权益比AITKMX
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $93.4M | $1.1B |
| 自由现金流率自由现金流/营收 | 8.0% | 19.2% |
| 资本支出强度资本支出/营收 | 0.5% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.05× | 20.14× |
| 过去12个月自由现金流最近4个季度 | $458.5M | $1.9B |
8季度趋势，按日历期对齐
经营现金流AITKMX
| Q4 25 | $99.7M | $1.3B | ||
| Q3 25 | $119.3M | $785.5M | ||
| Q2 25 | $147.0M | $299.5M | ||
| Q1 25 | $122.5M | $146.4M | ||
| Q4 24 | $95.1M | $-23.4M | ||
| Q3 24 | $127.7M | $619.1M | ||
| Q2 24 | $119.2M | $-117.7M | ||
| Q1 24 | $84.2M | $309.6M |
自由现金流AITKMX
| Q4 25 | $93.4M | $1.1B | ||
| Q3 25 | $112.0M | $654.0M | ||
| Q2 25 | $138.2M | $162.8M | ||
| Q1 25 | $114.9M | $18.8M | ||
| Q4 24 | $89.9M | $-150.6M | ||
| Q3 24 | $122.2M | $509.9M | ||
| Q2 24 | $111.7M | $-221.6M | ||
| Q1 24 | $76.7M | $199.8M |
自由现金流率AITKMX
| Q4 25 | 8.0% | 19.2% | ||
| Q3 25 | 9.3% | 9.9% | ||
| Q2 25 | 11.3% | 2.2% | ||
| Q1 25 | 9.8% | 0.3% | ||
| Q4 24 | 8.4% | -2.4% | ||
| Q3 24 | 11.1% | 7.3% | ||
| Q2 24 | 9.6% | -3.1% | ||
| Q1 24 | 6.7% | 3.6% |
资本支出强度AITKMX
| Q4 25 | 0.5% | 2.4% | ||
| Q3 25 | 0.6% | 2.0% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.6% | 2.1% | ||
| Q4 24 | 0.5% | 2.0% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 0.6% | 1.5% | ||
| Q1 24 | 0.7% | 2.0% |
现金转化率AITKMX
| Q4 25 | 1.05× | 20.14× | ||
| Q3 25 | 1.18× | 8.24× | ||
| Q2 25 | 1.36× | 1.42× | ||
| Q1 25 | 1.23× | 1.63× | ||
| Q4 24 | 1.02× | -0.19× | ||
| Q3 24 | 1.39× | 4.66× | ||
| Q2 24 | 1.15× | -0.77× | ||
| Q1 24 | 0.87× | 6.16× |
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% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
