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Amentum Holdings, Inc.（AMTM）与Murphy USA Inc.（MUSA）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是Amentum Holdings, Inc.的1.5倍（$4.7B vs $3.2B），Murphy USA Inc.净利率更高（3.0% vs 1.4%，领先1.6%），Murphy USA Inc.同比增速更快（0.7% vs -5.2%），Murphy USA Inc.自由现金流更多（$128.8M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs -1.0%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
AMTM vs MUSA — 直观对比
营收规模更大
MUSA
是对方的1.5倍
$3.2B
营收增速更快
MUSA
高出5.9%
-5.2%
净利率更高
MUSA
高出1.6%
1.4%
自由现金流更多
MUSA
多$270.8M
$-142.0M
两年增速更快
AMTM
近两年复合增速
-1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.7B |
| 净利润 | $44.0M | $141.9M |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | 4.4% |
| 净利率 | 1.4% | 3.0% |
| 营收同比 | -5.2% | 0.7% |
| 净利润同比 | 266.7% | -0.4% |
| 每股收益（稀释后） | $0.18 | $7.35 |
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AMTMMUSA
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $4.7B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | $3.6B | $5.0B | ||
| Q1 25 | $3.5B | $4.5B | ||
| Q4 24 | $3.4B | $4.7B | ||
| Q3 24 | $2.2B | $5.2B | ||
| Q2 24 | $2.1B | $5.5B |
净利润AMTMMUSA
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $141.9M | ||
| Q3 25 | — | $129.9M | ||
| Q2 25 | $10.0M | $145.6M | ||
| Q1 25 | $4.0M | $53.2M | ||
| Q4 24 | $12.0M | $142.5M | ||
| Q3 24 | $26.0M | $149.2M | ||
| Q2 24 | $-26.0M | $144.8M |
毛利率AMTMMUSA
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.6% | — |
营业利润率AMTMMUSA
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 4.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | 2.9% | 4.4% | ||
| Q1 25 | 3.2% | 1.9% | ||
| Q4 24 | 3.9% | 4.2% | ||
| Q3 24 | 1.2% | 4.2% | ||
| Q2 24 | 4.2% | 4.0% |
净利率AMTMMUSA
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 3.0% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 0.3% | 2.9% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.4% | 3.0% | ||
| Q3 24 | 1.2% | 2.8% | ||
| Q2 24 | -1.2% | 2.7% |
每股收益（稀释后）AMTMMUSA
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $7.35 | ||
| Q3 25 | — | $6.76 | ||
| Q2 25 | $0.04 | $7.36 | ||
| Q1 25 | $0.02 | $2.63 | ||
| Q4 24 | $0.05 | $6.87 | ||
| Q3 24 | $0.31 | $7.20 | ||
| Q2 24 | $-0.29 | $6.92 |
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 | $247.0M | $28.9M |
| 总债务越低越好 | $3.9B | $2.2B |
| 股东权益账面价值 | $4.6B | $623.5M |
| 总资产 | $11.2B | $4.7B |
| 负债/权益比越低杠杆越低 | 0.86× | 3.47× |
8季度趋势，按日历期对齐
现金及短期投资AMTMMUSA
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $28.9M | ||
| Q3 25 | — | $42.8M | ||
| Q2 25 | $738.0M | $54.1M | ||
| Q1 25 | $546.0M | $49.4M | ||
| Q4 24 | $522.0M | $47.0M | ||
| Q3 24 | $452.0M | $52.5M | ||
| Q2 24 | — | $79.8M |
总债务AMTMMUSA
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $4.5B | $2.1B | ||
| Q1 25 | $4.7B | $2.0B | ||
| Q4 24 | $4.7B | $1.8B | ||
| Q3 24 | $4.7B | $1.8B | ||
| Q2 24 | — | $1.8B |
股东权益AMTMMUSA
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $623.5M | ||
| Q3 25 | — | $546.0M | ||
| Q2 25 | $4.5B | $646.1M | ||
| Q1 25 | $4.4B | $719.6M | ||
| Q4 24 | $4.5B | $840.1M | ||
| Q3 24 | $4.5B | $830.1M | ||
| Q2 24 | $303.0M | $811.3M |
总资产AMTMMUSA
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $11.8B | $4.6B | ||
| Q1 25 | $12.0B | $4.5B | ||
| Q4 24 | $11.9B | $4.5B | ||
| Q3 24 | $12.0B | $4.4B | ||
| Q2 24 | — | $4.4B |
负债/权益比AMTMMUSA
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 3.47× | ||
| Q3 25 | — | 4.07× | ||
| Q2 25 | 1.01× | 3.20× | ||
| Q1 25 | 1.06× | 2.74× | ||
| Q4 24 | 1.05× | 2.18× | ||
| Q3 24 | 1.05× | 2.19× | ||
| Q2 24 | — | 2.20× |
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 | $-136.0M | $245.5M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $128.8M |
| 自由现金流率自由现金流/营收 | -4.4% | 2.7% |
| 资本支出强度资本支出/营收 | 0.2% | 2.5% |
| 现金转化率经营现金流/净利润 | -3.09× | 1.73× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $374.3M |
8季度趋势，按日历期对齐
经营现金流AMTMMUSA
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $245.5M | ||
| Q3 25 | — | $184.8M | ||
| Q2 25 | $106.0M | $255.1M | ||
| Q1 25 | $57.0M | $128.5M | ||
| Q4 24 | $110.0M | $248.7M | ||
| Q3 24 | — | $202.1M | ||
| Q2 24 | — | $260.8M |
自由现金流AMTMMUSA
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $128.8M | ||
| Q3 25 | — | $67.7M | ||
| Q2 25 | $100.0M | $137.1M | ||
| Q1 25 | $53.0M | $40.7M | ||
| Q4 24 | $102.0M | $121.7M | ||
| Q3 24 | — | $65.2M | ||
| Q2 24 | — | $142.8M |
自由现金流率AMTMMUSA
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 2.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 2.8% | 2.7% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | 3.0% | 2.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 2.6% |
资本支出强度AMTMMUSA
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 2.5% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
现金转化率AMTMMUSA
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 1.73× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | 10.60× | 1.75× | ||
| Q1 25 | 14.25× | 2.42× | ||
| Q4 24 | 9.17× | 1.75× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.80× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
