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空气化工产品公司（APD）与AutoZone（AZO）财务数据对比。点击上方公司名可切换其他公司
AutoZone的季度营收约是空气化工产品公司的1.4倍（$4.3B vs $3.1B），空气化工产品公司净利率更高（21.9% vs 11.0%，领先10.9%），AutoZone同比增速更快（8.1% vs 5.8%），AutoZone自由现金流更多（$35.6M vs $-350.5M），过去两年空气化工产品公司的营收复合增速更高（2.9% vs 0.5%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
AutoZone是美国规模最大的汽车售后零部件及配件零售商，1979年正式成立，总部位于田纳西州孟菲斯。目前企业在全美、墨西哥、波多黎各、巴西及美属维尔京群岛共开设7140家门店，为车主及汽修从业人员提供多元齐全的汽车相关配件产品。
APD vs AZO — 直观对比
营收规模更大
AZO
是对方的1.4倍
$3.1B
营收增速更快
AZO
高出2.3%
5.8%
净利率更高
APD
高出10.9%
11.0%
自由现金流更多
AZO
多$386.1M
$-350.5M
两年增速更快
APD
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.3B |
| 净利润 | $678.2M | $468.9M |
| 毛利率 | 32.1% | 52.5% |
| 营业利润率 | 23.7% | 16.3% |
| 净利率 | 21.9% | 11.0% |
| 营收同比 | 5.8% | 8.1% |
| 净利润同比 | 9.8% | -3.9% |
| 每股收益（稀释后） | $3.04 | $27.63 |
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APDAZO
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.1B | $4.6B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.0B | $4.5B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $3.2B | $6.2B | ||
| Q2 24 | $3.0B | $4.2B |
净利润APDAZO
| Q1 26 | — | $468.9M | ||
| Q4 25 | $678.2M | $530.8M | ||
| Q3 25 | $4.9M | $837.0M | ||
| Q2 25 | $713.8M | $608.4M | ||
| Q1 25 | $-1.7B | $487.9M | ||
| Q4 24 | $617.4M | $564.9M | ||
| Q3 24 | $1.9B | $902.2M | ||
| Q2 24 | $696.6M | $651.7M |
毛利率APDAZO
| Q1 26 | — | 52.5% | ||
| Q4 25 | 32.1% | 51.0% | ||
| Q3 25 | 32.3% | 51.5% | ||
| Q2 25 | 32.5% | 52.7% | ||
| Q1 25 | 29.6% | 53.9% | ||
| Q4 24 | 31.2% | 53.0% | ||
| Q3 24 | 34.0% | 52.5% | ||
| Q2 24 | 32.8% | 53.5% |
营业利润率APDAZO
| Q1 26 | — | 16.3% | ||
| Q4 25 | 23.7% | 16.9% | ||
| Q3 25 | 0.5% | 19.2% | ||
| Q2 25 | 26.2% | 19.4% | ||
| Q1 25 | -79.8% | 17.9% | ||
| Q4 24 | 22.0% | 19.7% | ||
| Q3 24 | 76.1% | 20.9% | ||
| Q2 24 | 24.7% | 21.3% |
净利率APDAZO
| Q1 26 | — | 11.0% | ||
| Q4 25 | 21.9% | 11.5% | ||
| Q3 25 | 0.2% | 13.4% | ||
| Q2 25 | 23.6% | 13.6% | ||
| Q1 25 | -59.3% | 12.3% | ||
| Q4 24 | 21.1% | 13.2% | ||
| Q3 24 | 61.2% | 14.5% | ||
| Q2 24 | 23.3% | 15.4% |
每股收益（稀释后）APDAZO
| Q1 26 | — | $27.63 | ||
| Q4 25 | $3.04 | $31.04 | ||
| Q3 25 | $0.03 | $48.70 | ||
| Q2 25 | $3.20 | $35.36 | ||
| Q1 25 | $-7.77 | $28.29 | ||
| Q4 24 | $2.77 | $32.52 | ||
| Q3 24 | $8.75 | $51.42 | ||
| Q2 24 | $3.13 | $36.69 |
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 | $1.0B | $285.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.4B | $-2.9B |
| 总资产 | $41.2B | $20.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APDAZO
| Q1 26 | — | $285.5M | ||
| Q4 25 | $1.0B | $287.6M | ||
| Q3 25 | $1.9B | $271.8M | ||
| Q2 25 | $2.3B | $268.6M | ||
| Q1 25 | $1.6B | $300.9M | ||
| Q4 24 | $2.0B | $304.0M | ||
| Q3 24 | $3.0B | $298.2M | ||
| Q2 24 | $2.4B | $275.4M |
股东权益APDAZO
| Q1 26 | — | $-2.9B | ||
| Q4 25 | $15.4B | $-3.2B | ||
| Q3 25 | $15.0B | $-3.4B | ||
| Q2 25 | $15.5B | $-4.0B | ||
| Q1 25 | $14.7B | $-4.5B | ||
| Q4 24 | $16.7B | $-4.7B | ||
| Q3 24 | $17.0B | $-4.7B | ||
| Q2 24 | $15.1B | $-4.8B |
总资产APDAZO
| Q1 26 | — | $20.4B | ||
| Q4 25 | $41.2B | $19.7B | ||
| Q3 25 | $41.1B | $19.4B | ||
| Q2 25 | $41.7B | $18.6B | ||
| Q1 25 | $38.9B | $18.1B | ||
| Q4 24 | $40.0B | $17.5B | ||
| Q3 24 | $39.6B | $17.2B | ||
| Q2 24 | $37.0B | $17.1B |
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 | $900.7M | $373.4M |
| 自由现金流经营现金流 - 资本支出 | $-350.5M | $35.6M |
| 自由现金流率自由现金流/营收 | -11.3% | 0.8% |
| 资本支出强度资本支出/营收 | 40.3% | 7.9% |
| 现金转化率经营现金流/净利润 | 1.33× | 0.80× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流APDAZO
| Q1 26 | — | $373.4M | ||
| Q4 25 | $900.7M | $944.2M | ||
| Q3 25 | — | $952.8M | ||
| Q2 25 | $855.8M | $769.0M | ||
| Q1 25 | $328.1M | $583.7M | ||
| Q4 24 | $811.7M | $811.8M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $1.3B | $669.5M |
自由现金流APDAZO
| Q1 26 | — | $35.6M | ||
| Q4 25 | $-350.5M | $630.0M | ||
| Q3 25 | — | $511.1M | ||
| Q2 25 | $-640.0M | $423.1M | ||
| Q1 25 | $-1.6B | $291.0M | ||
| Q4 24 | $-1.3B | $564.8M | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | $-345.2M | $434.4M |
自由现金流率APDAZO
| Q1 26 | — | 0.8% | ||
| Q4 25 | -11.3% | 13.6% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | -21.2% | 9.5% | ||
| Q1 25 | -53.6% | 7.4% | ||
| Q4 24 | -44.5% | 13.2% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | -11.6% | 10.3% |
资本支出强度APDAZO
| Q1 26 | — | 7.9% | ||
| Q4 25 | 40.3% | 6.8% | ||
| Q3 25 | 47.9% | 7.1% | ||
| Q2 25 | 49.5% | 7.7% | ||
| Q1 25 | 64.9% | 7.4% | ||
| Q4 24 | 72.2% | 5.8% | ||
| Q3 24 | 65.1% | 5.6% | ||
| Q2 24 | 53.8% | 5.6% |
现金转化率APDAZO
| Q1 26 | — | 0.80× | ||
| Q4 25 | 1.33× | 1.78× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 1.20× | 1.26× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 1.31× | 1.44× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | 1.81× | 1.03× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
AZO
暂无分部数据
