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AUTONATION, INC.（AN）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
潘世奇汽车集团的季度营收约是AUTONATION, INC.的1.3倍（$8.8B vs $6.9B）。潘世奇汽车集团净利率更高（2.6% vs 2.5%，领先0.1%）。潘世奇汽车集团同比增速更快（14.6% vs -3.9%）。AUTONATION, INC.自由现金流更多（$64.2M vs $25.1M）。过去两年潘世奇汽车集团的营收复合增速更高（9.0% 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。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
AN vs PAG — 直观对比
营收规模更大
PAG
是对方的1.3倍
$6.9B
营收增速更快
PAG
高出18.5%
-3.9%
净利率更高
PAG
高出0.1%
2.5%
自由现金流更多
AN
多$39.1M
$25.1M
两年增速更快
PAG
近两年复合增速
3.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $8.8B |
| 净利润 | $172.1M | $228.1M |
| 毛利率 | 17.5% | 15.9% |
| 营业利润率 | 4.5% | 3.6% |
| 净利率 | 2.5% | 2.6% |
| 营收同比 | -3.9% | 14.6% |
| 净利润同比 | -7.5% | -3.5% |
| 每股收益（稀释后） | $4.68 | $3.46 |
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ANPAG
| Q4 25 | $6.9B | $8.8B | ||
| Q3 25 | $7.0B | $7.7B | ||
| Q2 25 | $7.0B | $7.7B | ||
| Q1 25 | $6.7B | $7.6B | ||
| Q4 24 | $7.2B | $7.7B | ||
| Q3 24 | $6.6B | $7.6B | ||
| Q2 24 | $6.5B | $7.7B | ||
| Q1 24 | $6.5B | $7.4B |
净利润ANPAG
| Q4 25 | $172.1M | $228.1M | ||
| Q3 25 | $215.1M | $213.0M | ||
| Q2 25 | $86.4M | $250.0M | ||
| Q1 25 | $175.5M | $244.3M | ||
| Q4 24 | $186.1M | $236.4M | ||
| Q3 24 | $185.8M | $226.1M | ||
| Q2 24 | $130.2M | $241.2M | ||
| Q1 24 | $190.1M | $215.2M |
毛利率ANPAG
| Q4 25 | 17.5% | 15.9% | ||
| Q3 25 | 17.6% | 16.2% | ||
| Q2 25 | 18.3% | 16.9% | ||
| Q1 25 | 18.2% | 16.7% | ||
| Q4 24 | 17.2% | 16.3% | ||
| Q3 24 | 18.0% | 16.4% | ||
| Q2 24 | 17.9% | 16.4% | ||
| Q1 24 | 18.5% | 16.7% |
营业利润率ANPAG
| Q4 25 | 4.5% | 3.6% | ||
| Q3 25 | 5.3% | 3.9% | ||
| Q2 25 | 3.1% | 4.5% | ||
| Q1 25 | 5.0% | 4.1% | ||
| Q4 24 | 4.7% | 4.3% | ||
| Q3 24 | 5.3% | 4.2% | ||
| Q2 24 | 4.2% | 4.4% | ||
| Q1 24 | 5.2% | 4.4% |
净利率ANPAG
| Q4 25 | 2.5% | 2.6% | ||
| Q3 25 | 3.1% | 2.8% | ||
| Q2 25 | 1.2% | 3.3% | ||
| Q1 25 | 2.6% | 3.2% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.8% | 3.0% | ||
| Q2 24 | 2.0% | 3.1% | ||
| Q1 24 | 2.9% | 2.9% |
每股收益（稀释后）ANPAG
| Q4 25 | $4.68 | $3.46 | ||
| Q3 25 | $5.65 | $3.23 | ||
| Q2 25 | $2.26 | $3.78 | ||
| Q1 25 | $4.45 | $3.66 | ||
| Q4 24 | $4.62 | $3.53 | ||
| Q3 24 | $4.61 | $3.39 | ||
| Q2 24 | $3.20 | $3.61 | ||
| Q1 24 | $4.49 | $3.21 |
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 | $64.7M |
| 总债务越低越好 | $3.7B | $2.2B |
| 股东权益账面价值 | $2.3B | $5.6B |
| 总资产 | $14.4B | $17.6B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ANPAG
| Q4 25 | $58.6M | $64.7M | ||
| Q3 25 | $97.6M | $80.3M | ||
| Q2 25 | $62.9M | $155.3M | ||
| Q1 25 | $70.5M | $118.4M | ||
| Q4 24 | $59.8M | $72.4M | ||
| Q3 24 | $60.2M | $91.9M | ||
| Q2 24 | $85.9M | $115.1M | ||
| Q1 24 | $60.3M | $116.9M |
总债务ANPAG
| Q4 25 | $3.7B | $2.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | $3.1B | $1.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $1.8B | ||
| Q1 24 | $3.1B | $1.7B |
股东权益ANPAG
| Q4 25 | $2.3B | $5.6B | ||
| Q3 25 | $2.5B | $5.7B | ||
| Q2 25 | $2.5B | $5.6B | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | $2.4B | $5.2B | ||
| Q2 24 | $2.2B | $5.0B | ||
| Q1 24 | $2.4B | $4.8B |
总资产ANPAG
| Q4 25 | $14.4B | $17.6B | ||
| Q3 25 | $14.2B | $17.1B | ||
| Q2 25 | $13.6B | $17.4B | ||
| Q1 25 | $13.3B | $16.9B | ||
| Q4 24 | $13.0B | $16.7B | ||
| Q3 24 | $12.9B | $17.1B | ||
| Q2 24 | $12.8B | $16.6B | ||
| Q1 24 | $12.0B | $16.1B |
负债/权益比ANPAG
| Q4 25 | 1.58× | 0.39× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | 1.29× | 0.33× | ||
| Q4 24 | 1.06× | 0.36× | ||
| Q3 24 | 1.32× | 0.36× | ||
| Q2 24 | 1.43× | 0.36× | ||
| Q1 24 | 1.32× | 0.35× |
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 | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $64.2M | $25.1M |
| 自由现金流率自由现金流/营收 | 0.9% | 0.3% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.87× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $-197.5M | $650.5M |
8季度趋势，按日历期对齐
经营现金流ANPAG
| Q4 25 | $150.5M | $123.2M | ||
| Q3 25 | $191.7M | $379.5M | ||
| Q2 25 | $-177.8M | $189.7M | ||
| Q1 25 | $-52.5M | $282.7M | ||
| Q4 24 | $149.8M | $217.7M | ||
| Q3 24 | $-70.0M | $271.0M | ||
| Q2 24 | $-59.6M | $235.1M | ||
| Q1 24 | $294.5M | $456.0M |
自由现金流ANPAG
| Q4 25 | $64.2M | $25.1M | ||
| Q3 25 | $122.8M | $300.4M | ||
| Q2 25 | $-256.8M | $118.9M | ||
| Q1 25 | $-127.7M | $206.1M | ||
| Q4 24 | $83.5M | $131.6M | ||
| Q3 24 | $-151.0M | $190.1M | ||
| Q2 24 | $-147.1M | $135.9M | ||
| Q1 24 | $200.8M | $353.5M |
自由现金流率ANPAG
| Q4 25 | 0.9% | 0.3% | ||
| Q3 25 | 1.7% | 3.9% | ||
| Q2 25 | -3.7% | 1.6% | ||
| Q1 25 | -1.9% | 2.7% | ||
| Q4 24 | 1.2% | 1.7% | ||
| Q3 24 | -2.3% | 2.5% | ||
| Q2 24 | -2.3% | 1.8% | ||
| Q1 24 | 3.1% | 4.7% |
资本支出强度ANPAG
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 1.0% | 1.0% | ||
| Q2 25 | 1.1% | 0.9% | ||
| Q1 25 | 1.1% | 1.0% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 1.4% | 1.3% | ||
| Q1 24 | 1.4% | 1.4% |
现金转化率ANPAG
| Q4 25 | 0.87× | 0.54× | ||
| Q3 25 | 0.89× | 1.78× | ||
| Q2 25 | -2.06× | 0.76× | ||
| Q1 25 | -0.30× | 1.16× | ||
| Q4 24 | 0.80× | 0.92× | ||
| Q3 24 | -0.38× | 1.20× | ||
| Q2 24 | -0.46× | 0.97× | ||
| Q1 24 | 1.55× | 2.12× |
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% |
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
