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AUTONATION, INC.（AN）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是AUTONATION, INC.的1.3倍（$8.8B vs $6.9B），林德净利率更高（17.5% vs 2.5%，领先15.0%），林德同比增速更快（5.8% vs -3.9%），林德自由现金流更多（$1.6B vs $64.2M），过去两年林德的营收复合增速更高（4.0% vs 3.4%）
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。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
AN vs LIN — 直观对比
营收规模更大
LIN
是对方的1.3倍
$6.9B
营收增速更快
LIN
高出9.8%
-3.9%
净利率更高
LIN
高出15.0%
2.5%
自由现金流更多
LIN
多$1.5B
$64.2M
两年增速更快
LIN
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $8.8B |
| 净利润 | $172.1M | $1.5B |
| 毛利率 | 17.5% | — |
| 营业利润率 | 4.5% | 23.0% |
| 净利率 | 2.5% | 17.5% |
| 营收同比 | -3.9% | 5.8% |
| 净利润同比 | -7.5% | -11.3% |
| 每股收益（稀释后） | $4.68 | $3.28 |
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ANLIN
| Q4 25 | $6.9B | $8.8B | ||
| Q3 25 | $7.0B | $8.6B | ||
| Q2 25 | $7.0B | $8.5B | ||
| Q1 25 | $6.7B | $8.1B | ||
| Q4 24 | $7.2B | $8.3B | ||
| Q3 24 | $6.6B | $8.4B | ||
| Q2 24 | $6.5B | $8.3B | ||
| Q1 24 | $6.5B | $8.1B |
净利润ANLIN
| Q4 25 | $172.1M | $1.5B | ||
| Q3 25 | $215.1M | $1.9B | ||
| Q2 25 | $86.4M | $1.8B | ||
| Q1 25 | $175.5M | $1.7B | ||
| Q4 24 | $186.1M | $1.7B | ||
| Q3 24 | $185.8M | $1.6B | ||
| Q2 24 | $130.2M | $1.7B | ||
| Q1 24 | $190.1M | $1.6B |
毛利率ANLIN
| Q4 25 | 17.5% | — | ||
| Q3 25 | 17.6% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 18.5% | — |
营业利润率ANLIN
| Q4 25 | 4.5% | 23.0% | ||
| Q3 25 | 5.3% | 27.5% | ||
| Q2 25 | 3.1% | 27.7% | ||
| Q1 25 | 5.0% | 26.9% | ||
| Q4 24 | 4.7% | 27.4% | ||
| Q3 24 | 5.3% | 25.0% | ||
| Q2 24 | 4.2% | 26.4% | ||
| Q1 24 | 5.2% | 25.9% |
净利率ANLIN
| Q4 25 | 2.5% | 17.5% | ||
| Q3 25 | 3.1% | 22.4% | ||
| Q2 25 | 1.2% | 20.8% | ||
| Q1 25 | 2.6% | 20.6% | ||
| Q4 24 | 2.6% | 20.8% | ||
| Q3 24 | 2.8% | 18.5% | ||
| Q2 24 | 2.0% | 20.1% | ||
| Q1 24 | 2.9% | 20.1% |
每股收益（稀释后）ANLIN
| Q4 25 | $4.68 | $3.28 | ||
| Q3 25 | $5.65 | $4.09 | ||
| Q2 25 | $2.26 | $3.73 | ||
| Q1 25 | $4.45 | $3.51 | ||
| Q4 24 | $4.62 | $3.61 | ||
| Q3 24 | $4.61 | $3.22 | ||
| Q2 24 | $3.20 | $3.44 | ||
| Q1 24 | $4.49 | $3.35 |
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 | $5.1B |
| 总债务越低越好 | $3.7B | $20.7B |
| 股东权益账面价值 | $2.3B | $38.2B |
| 总资产 | $14.4B | $86.8B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资ANLIN
| Q4 25 | $58.6M | $5.1B | ||
| Q3 25 | $97.6M | $4.5B | ||
| Q2 25 | $62.9M | $4.8B | ||
| Q1 25 | $70.5M | $5.3B | ||
| Q4 24 | $59.8M | $4.8B | ||
| Q3 24 | $60.2M | $5.2B | ||
| Q2 24 | $85.9M | $4.6B | ||
| Q1 24 | $60.3M | $4.8B |
总债务ANLIN
| Q4 25 | $3.7B | $20.7B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | $3.1B | $17.6B | ||
| Q4 24 | $2.6B | $15.3B | ||
| Q3 24 | $3.1B | $17.5B | ||
| Q2 24 | $3.1B | $16.9B | ||
| Q1 24 | $3.1B | $15.2B |
股东权益ANLIN
| Q4 25 | $2.3B | $38.2B | ||
| Q3 25 | $2.5B | $38.6B | ||
| Q2 25 | $2.5B | $38.5B | ||
| Q1 25 | $2.4B | $38.0B | ||
| Q4 24 | $2.5B | $38.1B | ||
| Q3 24 | $2.4B | $39.2B | ||
| Q2 24 | $2.2B | $38.2B | ||
| Q1 24 | $2.4B | $38.8B |
总资产ANLIN
| Q4 25 | $14.4B | $86.8B | ||
| Q3 25 | $14.2B | $86.0B | ||
| Q2 25 | $13.6B | $86.1B | ||
| Q1 25 | $13.3B | $82.7B | ||
| Q4 24 | $13.0B | $80.1B | ||
| Q3 24 | $12.9B | $82.5B | ||
| Q2 24 | $12.8B | $80.2B | ||
| Q1 24 | $12.0B | $80.3B |
负债/权益比ANLIN
| Q4 25 | 1.58× | 0.54× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | 1.29× | 0.46× | ||
| Q4 24 | 1.06× | 0.40× | ||
| Q3 24 | 1.32× | 0.45× | ||
| Q2 24 | 1.43× | 0.44× | ||
| Q1 24 | 1.32× | 0.39× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $64.2M | $1.6B |
| 自由现金流率自由现金流/营收 | 0.9% | 17.9% |
| 资本支出强度资本支出/营收 | 1.2% | 16.6% |
| 现金转化率经营现金流/净利润 | 0.87× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $-197.5M | $5.1B |
8季度趋势，按日历期对齐
经营现金流ANLIN
| Q4 25 | $150.5M | $3.0B | ||
| Q3 25 | $191.7M | $2.9B | ||
| Q2 25 | $-177.8M | $2.2B | ||
| Q1 25 | $-52.5M | $2.2B | ||
| Q4 24 | $149.8M | $2.8B | ||
| Q3 24 | $-70.0M | $2.7B | ||
| Q2 24 | $-59.6M | $1.9B | ||
| Q1 24 | $294.5M | $2.0B |
自由现金流ANLIN
| Q4 25 | $64.2M | $1.6B | ||
| Q3 25 | $122.8M | $1.7B | ||
| Q2 25 | $-256.8M | $954.0M | ||
| Q1 25 | $-127.7M | $891.0M | ||
| Q4 24 | $83.5M | $1.6B | ||
| Q3 24 | $-151.0M | $1.7B | ||
| Q2 24 | $-147.1M | $796.0M | ||
| Q1 24 | $200.8M | $906.0M |
自由现金流率ANLIN
| Q4 25 | 0.9% | 17.9% | ||
| Q3 25 | 1.7% | 19.4% | ||
| Q2 25 | -3.7% | 11.2% | ||
| Q1 25 | -1.9% | 11.0% | ||
| Q4 24 | 1.2% | 18.8% | ||
| Q3 24 | -2.3% | 19.9% | ||
| Q2 24 | -2.3% | 9.6% | ||
| Q1 24 | 3.1% | 11.2% |
资本支出强度ANLIN
| Q4 25 | 1.2% | 16.6% | ||
| Q3 25 | 1.0% | 14.8% | ||
| Q2 25 | 1.1% | 14.8% | ||
| Q1 25 | 1.1% | 15.7% | ||
| Q4 24 | 0.9% | 15.1% | ||
| Q3 24 | 1.2% | 12.8% | ||
| Q2 24 | 1.4% | 13.7% | ||
| Q1 24 | 1.4% | 12.9% |
现金转化率ANLIN
| Q4 25 | 0.87× | 1.98× | ||
| Q3 25 | 0.89× | 1.53× | ||
| Q2 25 | -2.06× | 1.25× | ||
| Q1 25 | -0.30× | 1.29× | ||
| Q4 24 | 0.80× | 1.63× | ||
| Q3 24 | -0.38× | 1.76× | ||
| Q2 24 | -0.46× | 1.16× | ||
| Q1 24 | 1.55× | 1.20× |
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% |
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
