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AUTONATION, INC.（AN）与Dollar Tree（DLTR）财务数据对比。点击上方公司名可切换其他公司
AUTONATION, INC.的季度营收约是Dollar Tree的1.5倍（$6.9B vs $4.7B），Dollar Tree净利率更高（5.2% vs 2.5%，领先2.7%），AUTONATION, INC.同比增速更快（-3.9% vs -37.2%），AUTONATION, INC.自由现金流更多（$64.2M vs $-57.1M），过去两年AUTONATION, INC.的营收复合增速更高（3.4% vs -25.9%）
AutoNation是总部位于美国佛罗里达州劳德代尔堡的汽车零售企业，1996年由韦恩·休伊森创立，最初仅拥有12家门店，目前在全美运营超300个零售网点，提供新车、二手车销售及相关配套服务。
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。
AN vs DLTR — 直观对比
营收规模更大
AN
是对方的1.5倍
$4.7B
营收增速更快
AN
高出33.3%
-37.2%
净利率更高
DLTR
高出2.7%
2.5%
自由现金流更多
AN
多$121.3M
$-57.1M
两年增速更快
AN
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $4.7B |
| 净利润 | $172.1M | $244.6M |
| 毛利率 | 17.5% | 35.8% |
| 营业利润率 | 4.5% | 7.2% |
| 净利率 | 2.5% | 5.2% |
| 营收同比 | -3.9% | -37.2% |
| 净利润同比 | -7.5% | 4.8% |
| 每股收益（稀释后） | $4.68 | $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ANDLTR
| Q4 25 | $6.9B | $4.7B | ||
| Q3 25 | $7.0B | $4.6B | ||
| Q2 25 | $7.0B | $4.6B | ||
| Q1 25 | $6.7B | $5.0B | ||
| Q4 24 | $7.2B | $7.6B | ||
| Q3 24 | $6.6B | $7.4B | ||
| Q2 24 | $6.5B | $7.6B | ||
| Q1 24 | $6.5B | $8.6B |
净利润ANDLTR
| Q4 25 | $172.1M | $244.6M | ||
| Q3 25 | $215.1M | $188.4M | ||
| Q2 25 | $86.4M | $343.4M | ||
| Q1 25 | $175.5M | $-3.7B | ||
| Q4 24 | $186.1M | $233.3M | ||
| Q3 24 | $185.8M | $132.4M | ||
| Q2 24 | $130.2M | $300.1M | ||
| Q1 24 | $190.1M | $-1.7B |
毛利率ANDLTR
| Q4 25 | 17.5% | 35.8% | ||
| Q3 25 | 17.6% | 34.4% | ||
| Q2 25 | 18.3% | 35.6% | ||
| Q1 25 | 18.2% | 37.6% | ||
| Q4 24 | 17.2% | 30.9% | ||
| Q3 24 | 18.0% | 30.0% | ||
| Q2 24 | 17.9% | 30.8% | ||
| Q1 24 | 18.5% | 32.1% |
营业利润率ANDLTR
| Q4 25 | 4.5% | 7.2% | ||
| Q3 25 | 5.3% | 5.1% | ||
| Q2 25 | 3.1% | 8.3% | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 4.7% | 4.4% | ||
| Q3 24 | 5.3% | 2.8% | ||
| Q2 24 | 4.2% | 5.5% | ||
| Q1 24 | 5.2% | -21.9% |
净利率ANDLTR
| Q4 25 | 2.5% | 5.2% | ||
| Q3 25 | 3.1% | 4.1% | ||
| Q2 25 | 1.2% | 7.4% | ||
| Q1 25 | 2.6% | -74.0% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.8% | 1.8% | ||
| Q2 24 | 2.0% | 3.9% | ||
| Q1 24 | 2.9% | -19.8% |
每股收益（稀释后）ANDLTR
| Q4 25 | $4.68 | $1.20 | ||
| Q3 25 | $5.65 | $0.91 | ||
| Q2 25 | $2.26 | $1.61 | ||
| Q1 25 | $4.45 | $-17.17 | ||
| Q4 24 | $4.62 | $1.08 | ||
| Q3 24 | $4.61 | $0.62 | ||
| Q2 24 | $3.20 | $1.38 | ||
| Q1 24 | $4.49 | $-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 | $58.6M | $594.8M |
| 总债务越低越好 | $3.7B | — |
| 股东权益账面价值 | $2.3B | $3.5B |
| 总资产 | $14.4B | $13.7B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资ANDLTR
| Q4 25 | $58.6M | $594.8M | ||
| Q3 25 | $97.6M | $666.3M | ||
| Q2 25 | $62.9M | $1.0B | ||
| Q1 25 | $70.5M | $1.3B | ||
| Q4 24 | $59.8M | $697.6M | ||
| Q3 24 | $60.2M | $570.3M | ||
| Q2 24 | $85.9M | $618.5M | ||
| Q1 24 | $60.3M | $684.9M |
总债务ANDLTR
| Q4 25 | $3.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.1B | $3.4B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | $3.4B |
股东权益ANDLTR
| Q4 25 | $2.3B | $3.5B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | $2.4B | $4.0B | ||
| Q4 24 | $2.5B | $7.6B | ||
| Q3 24 | $2.4B | $7.4B | ||
| Q2 24 | $2.2B | $7.3B | ||
| Q1 24 | $2.4B | $7.3B |
总资产ANDLTR
| Q4 25 | $14.4B | $13.7B | ||
| Q3 25 | $14.2B | $13.4B | ||
| Q2 25 | $13.6B | $18.3B | ||
| Q1 25 | $13.3B | $18.6B | ||
| Q4 24 | $13.0B | $23.3B | ||
| Q3 24 | $12.9B | $22.6B | ||
| Q2 24 | $12.8B | $22.1B | ||
| Q1 24 | $12.0B | $22.0B |
负债/权益比ANDLTR
| Q4 25 | 1.58× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.29× | 0.86× | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 1.32× | 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 | $150.5M | $319.3M |
| 自由现金流经营现金流 - 资本支出 | $64.2M | $-57.1M |
| 自由现金流率自由现金流/营收 | 0.9% | -1.2% |
| 资本支出强度资本支出/营收 | 1.2% | 7.9% |
| 现金转化率经营现金流/净利润 | 0.87× | 1.31× |
| 过去12个月自由现金流最近4个季度 | $-197.5M | $394.5M |
8季度趋势，按日历期对齐
经营现金流ANDLTR
| Q4 25 | $150.5M | $319.3M | ||
| Q3 25 | $191.7M | $260.7M | ||
| Q2 25 | $-177.8M | $378.5M | ||
| Q1 25 | $-52.5M | $405.1M | ||
| Q4 24 | $149.8M | $785.6M | ||
| Q3 24 | $-70.0M | $306.9M | ||
| Q2 24 | $-59.6M | $695.7M | ||
| Q1 24 | $294.5M | $1.3B |
自由现金流ANDLTR
| Q4 25 | $64.2M | $-57.1M | ||
| Q3 25 | $122.8M | $15.6M | ||
| Q2 25 | $-256.8M | $129.7M | ||
| Q1 25 | $-127.7M | $306.3M | ||
| Q4 24 | $83.5M | $359.2M | ||
| Q3 24 | $-151.0M | $-193.8M | ||
| Q2 24 | $-147.1M | $223.5M | ||
| Q1 24 | $200.8M | $470.8M |
自由现金流率ANDLTR
| Q4 25 | 0.9% | -1.2% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | -3.7% | 2.8% | ||
| Q1 25 | -1.9% | 6.1% | ||
| Q4 24 | 1.2% | 4.8% | ||
| Q3 24 | -2.3% | -2.6% | ||
| Q2 24 | -2.3% | 2.9% | ||
| Q1 24 | 3.1% | 5.5% |
资本支出强度ANDLTR
| Q4 25 | 1.2% | 7.9% | ||
| Q3 25 | 1.0% | 5.4% | ||
| Q2 25 | 1.1% | 5.4% | ||
| Q1 25 | 1.1% | 2.0% | ||
| Q4 24 | 0.9% | 5.6% | ||
| Q3 24 | 1.2% | 6.8% | ||
| Q2 24 | 1.4% | 6.2% | ||
| Q1 24 | 1.4% | 9.1% |
现金转化率ANDLTR
| Q4 25 | 0.87× | 1.31× | ||
| Q3 25 | 0.89× | 1.38× | ||
| Q2 25 | -2.06× | 1.10× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 0.80× | 3.37× | ||
| Q3 24 | -0.38× | 2.32× | ||
| Q2 24 | -0.46× | 2.32× | ||
| Q1 24 | 1.55× | — |
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
AN
| New Vehicle | $3.4B | 50% |
| Transferred At Point In Time | $1.7B | 24% |
| Parts And Service | $1.2B | 18% |
| Finance And Insurance Net | $369.4M | 5% |
| Transferred Over Time | $221.4M | 3% |
| Other | $3.5M | 0% |
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
