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AUTONATION, INC.（AN）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是AUTONATION, INC.的1.1倍（$7.6B vs $6.9B），AUTONATION, INC.净利率更高（2.5% vs 1.3%，领先1.2%），Smurfit Westrock同比增速更快（0.5% vs -3.9%），Smurfit Westrock自由现金流更多（$612.0M vs $64.2M），过去两年Smurfit Westrock的营收复合增速更高（60.8% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
AN vs SW — 直观对比
营收规模更大
SW
是对方的1.1倍
$6.9B
营收增速更快
SW
高出4.5%
-3.9%
净利率更高
AN
高出1.2%
1.3%
自由现金流更多
SW
多$547.8M
$64.2M
两年增速更快
SW
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $7.6B |
| 净利润 | $172.1M | $97.0M |
| 毛利率 | 17.5% | 18.2% |
| 营业利润率 | 4.5% | 5.1% |
| 净利率 | 2.5% | 1.3% |
| 营收同比 | -3.9% | 0.5% |
| 净利润同比 | -7.5% | -33.6% |
| 每股收益（稀释后） | $4.68 | $0.18 |
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ANSW
| Q4 25 | $6.9B | $7.6B | ||
| Q3 25 | $7.0B | $8.0B | ||
| Q2 25 | $7.0B | $7.9B | ||
| Q1 25 | $6.7B | $7.7B | ||
| Q4 24 | $7.2B | $7.5B | ||
| Q3 24 | $6.6B | $7.7B | ||
| Q2 24 | $6.5B | $3.0B | ||
| Q1 24 | $6.5B | $2.9B |
净利润ANSW
| Q4 25 | $172.1M | $97.0M | ||
| Q3 25 | $215.1M | $246.0M | ||
| Q2 25 | $86.4M | $-28.0M | ||
| Q1 25 | $175.5M | $384.0M | ||
| Q4 24 | $186.1M | $146.0M | ||
| Q3 24 | $185.8M | $-150.0M | ||
| Q2 24 | $130.2M | $132.0M | ||
| Q1 24 | $190.1M | $191.0M |
毛利率ANSW
| Q4 25 | 17.5% | 18.2% | ||
| Q3 25 | 17.6% | 19.6% | ||
| Q2 25 | 18.3% | 19.1% | ||
| Q1 25 | 18.2% | 20.6% | ||
| Q4 24 | 17.2% | 19.1% | ||
| Q3 24 | 18.0% | 17.6% | ||
| Q2 24 | 17.9% | 23.3% | ||
| Q1 24 | 18.5% | 24.2% |
营业利润率ANSW
| Q4 25 | 4.5% | 5.1% | ||
| Q3 25 | 5.3% | 6.6% | ||
| Q2 25 | 3.1% | 3.2% | ||
| Q1 25 | 5.0% | 7.2% | ||
| Q4 24 | 4.7% | 5.3% | ||
| Q3 24 | 5.3% | 0.7% | ||
| Q2 24 | 4.2% | 8.2% | ||
| Q1 24 | 5.2% | 10.5% |
净利率ANSW
| Q4 25 | 2.5% | 1.3% | ||
| Q3 25 | 3.1% | 3.1% | ||
| Q2 25 | 1.2% | -0.4% | ||
| Q1 25 | 2.6% | 5.0% | ||
| Q4 24 | 2.6% | 1.9% | ||
| Q3 24 | 2.8% | -2.0% | ||
| Q2 24 | 2.0% | 4.4% | ||
| Q1 24 | 2.9% | 6.5% |
每股收益（稀释后）ANSW
| Q4 25 | $4.68 | $0.18 | ||
| Q3 25 | $5.65 | $0.47 | ||
| Q2 25 | $2.26 | $-0.05 | ||
| Q1 25 | $4.45 | $0.73 | ||
| Q4 24 | $4.62 | $-0.12 | ||
| Q3 24 | $4.61 | $-0.30 | ||
| Q2 24 | $3.20 | $0.51 | ||
| Q1 24 | $4.49 | $0.73 |
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 | $892.0M |
| 总债务越低越好 | $3.7B | $13.4B |
| 股东权益账面价值 | $2.3B | $18.3B |
| 总资产 | $14.4B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资ANSW
| Q4 25 | $58.6M | $892.0M | ||
| Q3 25 | $97.6M | $851.0M | ||
| Q2 25 | $62.9M | $778.0M | ||
| Q1 25 | $70.5M | $797.0M | ||
| Q4 24 | $59.8M | $855.0M | ||
| Q3 24 | $60.2M | — | ||
| Q2 24 | $85.9M | $26.8K | ||
| Q1 24 | $60.3M | $108 |
总债务ANSW
| Q4 25 | $3.7B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | $3.1B | $12.9B | ||
| Q4 24 | $2.6B | $12.5B | ||
| Q3 24 | $3.1B | $13.2B | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | — |
股东权益ANSW
| Q4 25 | $2.3B | $18.3B | ||
| Q3 25 | $2.5B | $18.4B | ||
| Q2 25 | $2.5B | $18.3B | ||
| Q1 25 | $2.4B | $17.9B | ||
| Q4 24 | $2.5B | $17.4B | ||
| Q3 24 | $2.4B | $18.0B | ||
| Q2 24 | $2.2B | $14.5K | ||
| Q1 24 | $2.4B | $108 |
总资产ANSW
| Q4 25 | $14.4B | $45.2B | ||
| Q3 25 | $14.2B | $45.6B | ||
| Q2 25 | $13.6B | $45.7B | ||
| Q1 25 | $13.3B | $44.6B | ||
| Q4 24 | $13.0B | $43.8B | ||
| Q3 24 | $12.9B | $45.0B | ||
| Q2 24 | $12.8B | $26.8K | ||
| Q1 24 | $12.0B | $108 |
负债/权益比ANSW
| Q4 25 | 1.58× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 1.29× | 0.72× | ||
| Q4 24 | 1.06× | 0.72× | ||
| Q3 24 | 1.32× | 0.73× | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 1.32× | — |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $64.2M | $612.0M |
| 自由现金流率自由现金流/营收 | 0.9% | 8.1% |
| 资本支出强度资本支出/营收 | 1.2% | 7.7% |
| 现金转化率经营现金流/净利润 | 0.87× | 12.32× |
| 过去12个月自由现金流最近4个季度 | $-197.5M | $1.2B |
8季度趋势，按日历期对齐
经营现金流ANSW
| Q4 25 | $150.5M | $1.2B | ||
| Q3 25 | $191.7M | $1.1B | ||
| Q2 25 | $-177.8M | $829.0M | ||
| Q1 25 | $-52.5M | $235.0M | ||
| Q4 24 | $149.8M | $781.0M | ||
| Q3 24 | $-70.0M | $320.0M | ||
| Q2 24 | $-59.6M | $340.0M | ||
| Q1 24 | $294.5M | $42.0M |
自由现金流ANSW
| Q4 25 | $64.2M | $612.0M | ||
| Q3 25 | $122.8M | $523.0M | ||
| Q2 25 | $-256.8M | $307.0M | ||
| Q1 25 | $-127.7M | $-242.0M | ||
| Q4 24 | $83.5M | $212.0M | ||
| Q3 24 | $-151.0M | $-192.0M | ||
| Q2 24 | $-147.1M | $163.0M | ||
| Q1 24 | $200.8M | $-166.0M |
自由现金流率ANSW
| Q4 25 | 0.9% | 8.1% | ||
| Q3 25 | 1.7% | 6.5% | ||
| Q2 25 | -3.7% | 3.9% | ||
| Q1 25 | -1.9% | -3.2% | ||
| Q4 24 | 1.2% | 2.8% | ||
| Q3 24 | -2.3% | -2.5% | ||
| Q2 24 | -2.3% | 5.5% | ||
| Q1 24 | 3.1% | -5.7% |
资本支出强度ANSW
| Q4 25 | 1.2% | 7.7% | ||
| Q3 25 | 1.0% | 7.6% | ||
| Q2 25 | 1.1% | 6.6% | ||
| Q1 25 | 1.1% | 6.2% | ||
| Q4 24 | 0.9% | 7.5% | ||
| Q3 24 | 1.2% | 6.7% | ||
| Q2 24 | 1.4% | 6.0% | ||
| Q1 24 | 1.4% | 7.1% |
现金转化率ANSW
| Q4 25 | 0.87× | 12.32× | ||
| Q3 25 | 0.89× | 4.61× | ||
| Q2 25 | -2.06× | — | ||
| Q1 25 | -0.30× | 0.61× | ||
| Q4 24 | 0.80× | 5.35× | ||
| Q3 24 | -0.38× | — | ||
| Q2 24 | -0.46× | 2.58× | ||
| Q1 24 | 1.55× | 0.22× |
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% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
