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豪瑞（AMRZ）与Dollar Tree（DLTR）财务数据对比。点击上方公司名可切换其他公司
Dollar Tree的季度营收约是豪瑞的1.3倍（$4.7B vs $3.7B），豪瑞净利率更高（14.8% vs 5.2%，领先9.7%），豪瑞同比增速更快（6.6% vs -37.2%），豪瑞自由现金流更多（$669.0M vs $-57.1M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
Dollar Tree是美国多价位折扣百货连锁企业，位列《财富》500强，总部位于弗吉尼亚州切萨皮克。公司在美国本土48个毗连州及加拿大共运营15115家门店，旗下24个配送中心组成的全国物流网络为所有门店提供运营支持。
AMRZ vs DLTR — 直观对比
营收规模更大
DLTR
是对方的1.3倍
$3.7B
营收增速更快
AMRZ
高出43.9%
-37.2%
净利率更高
AMRZ
高出9.7%
5.2%
自由现金流更多
AMRZ
多$726.1M
$-57.1M
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $4.7B |
| 净利润 | $545.0M | $244.6M |
| 毛利率 | 29.6% | 35.8% |
| 营业利润率 | 21.2% | 7.2% |
| 净利率 | 14.8% | 5.2% |
| 营收同比 | 6.6% | -37.2% |
| 净利润同比 | -1.4% | 4.8% |
| 每股收益（稀释后） | $0.98 | $1.20 |
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AMRZDLTR
| Q4 25 | — | $4.7B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.2B | $4.6B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $3.4B | $7.4B | ||
| Q2 24 | $3.2B | $7.6B | ||
| Q1 24 | — | $8.6B |
净利润AMRZDLTR
| Q4 25 | — | $244.6M | ||
| Q3 25 | $545.0M | $188.4M | ||
| Q2 25 | $429.0M | $343.4M | ||
| Q1 25 | — | $-3.7B | ||
| Q4 24 | — | $233.3M | ||
| Q3 24 | $553.0M | $132.4M | ||
| Q2 24 | $474.0M | $300.1M | ||
| Q1 24 | — | $-1.7B |
毛利率AMRZDLTR
| Q4 25 | — | 35.8% | ||
| Q3 25 | 29.6% | 34.4% | ||
| Q2 25 | 30.0% | 35.6% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | 30.2% | 30.0% | ||
| Q2 24 | 30.2% | 30.8% | ||
| Q1 24 | — | 32.1% |
营业利润率AMRZDLTR
| Q4 25 | — | 7.2% | ||
| Q3 25 | 21.2% | 5.1% | ||
| Q2 25 | 20.8% | 8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 24.5% | 2.8% | ||
| Q2 24 | 23.3% | 5.5% | ||
| Q1 24 | — | -21.9% |
净利率AMRZDLTR
| Q4 25 | — | 5.2% | ||
| Q3 25 | 14.8% | 4.1% | ||
| Q2 25 | 13.3% | 7.4% | ||
| Q1 25 | — | -74.0% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 16.0% | 1.8% | ||
| Q2 24 | 14.6% | 3.9% | ||
| Q1 24 | — | -19.8% |
每股收益（稀释后）AMRZDLTR
| Q4 25 | — | $1.20 | ||
| Q3 25 | $0.98 | $0.91 | ||
| Q2 25 | $0.78 | $1.61 | ||
| Q1 25 | — | $-17.17 | ||
| Q4 24 | — | $1.08 | ||
| Q3 24 | $1.00 | $0.62 | ||
| Q2 24 | $0.86 | $1.38 | ||
| Q1 24 | — | $-7.78 |
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 | $826.0M | $594.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.9B | $3.5B |
| 总资产 | $24.0B | $13.7B |
| 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AMRZDLTR
| Q4 25 | — | $594.8M | ||
| Q3 25 | $826.0M | $666.3M | ||
| Q2 25 | $601.0M | $1.0B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $697.6M | ||
| Q3 24 | — | $570.3M | ||
| Q2 24 | — | $618.5M | ||
| Q1 24 | — | $684.9M |
总债务AMRZDLTR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $3.4B |
股东权益AMRZDLTR
| Q4 25 | — | $3.5B | ||
| Q3 25 | $12.9B | $3.6B | ||
| Q2 25 | $12.4B | $3.9B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $9.8B | $7.4B | ||
| Q2 24 | $9.3B | $7.3B | ||
| Q1 24 | — | $7.3B |
总资产AMRZDLTR
| Q4 25 | — | $13.7B | ||
| Q3 25 | $24.0B | $13.4B | ||
| Q2 25 | $23.8B | $18.3B | ||
| Q1 25 | — | $18.6B | ||
| Q4 24 | — | $23.3B | ||
| Q3 24 | — | $22.6B | ||
| Q2 24 | — | $22.1B | ||
| Q1 24 | — | $22.0B |
负债/权益比AMRZDLTR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.47× |
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 | $854.0M | $319.3M |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $-57.1M |
| 自由现金流率自由现金流/营收 | 18.2% | -1.2% |
| 资本支出强度资本支出/营收 | 5.0% | 7.9% |
| 现金转化率经营现金流/净利润 | 1.57× | 1.31× |
| 过去12个月自由现金流最近4个季度 | — | $394.5M |
8季度趋势，按日历期对齐
经营现金流AMRZDLTR
| Q4 25 | — | $319.3M | ||
| Q3 25 | $854.0M | $260.7M | ||
| Q2 25 | — | $378.5M | ||
| Q1 25 | — | $405.1M | ||
| Q4 24 | — | $785.6M | ||
| Q3 24 | — | $306.9M | ||
| Q2 24 | — | $695.7M | ||
| Q1 24 | — | $1.3B |
自由现金流AMRZDLTR
| Q4 25 | — | $-57.1M | ||
| Q3 25 | $669.0M | $15.6M | ||
| Q2 25 | — | $129.7M | ||
| Q1 25 | — | $306.3M | ||
| Q4 24 | — | $359.2M | ||
| Q3 24 | — | $-193.8M | ||
| Q2 24 | — | $223.5M | ||
| Q1 24 | — | $470.8M |
自由现金流率AMRZDLTR
| Q4 25 | — | -1.2% | ||
| Q3 25 | 18.2% | 0.3% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | -2.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 5.5% |
资本支出强度AMRZDLTR
| Q4 25 | — | 7.9% | ||
| Q3 25 | 5.0% | 5.4% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 6.2% | ||
| Q1 24 | — | 9.1% |
现金转化率AMRZDLTR
| Q4 25 | — | 1.31× | ||
| Q3 25 | 1.57× | 1.38× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.37× | ||
| Q3 24 | — | 2.32× | ||
| Q2 24 | — | 2.32× | ||
| Q1 24 | — | — |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
