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ARKO Corp.（ARKO）与奥驰亚（MO）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是ARKO Corp.的3.3倍（$5.8B vs $1.8B）。奥驰亚净利率更高（19.1% vs 0.1%，领先19.0%）。奥驰亚同比增速更快（-2.1% vs -9.9%）。奥驰亚自由现金流更多（$3.2B vs $14.9M）。过去两年奥驰亚的营收复合增速更高（2.4% vs -7.0%）
ARKO Corp.是美国知名的便利店与燃油零售运营商，业务覆盖美国多个州，面向消费者销售生鲜食品、饮品、日用必需品等商品，同时提供燃油零售及面向商业合作伙伴的批发配送服务。
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
ARKO vs MO — 直观对比
营收规模更大
MO
是对方的3.3倍
$1.8B
营收增速更快
MO
高出7.8%
-9.9%
净利率更高
MO
高出19.0%
0.1%
自由现金流更多
MO
多$3.2B
$14.9M
两年增速更快
MO
近两年复合增速
-7.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $5.8B |
| 净利润 | $1.9M | $1.1B |
| 毛利率 | — | 62.1% |
| 营业利润率 | 1.2% | 28.2% |
| 净利率 | 0.1% | 19.1% |
| 营收同比 | -9.9% | -2.1% |
| 净利润同比 | 180.9% | -63.2% |
| 每股收益（稀释后） | $0.01 | $0.67 |
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ARKOMO
| Q4 25 | $1.8B | $5.8B | ||
| Q3 25 | $2.0B | $6.1B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $1.8B | $5.3B | ||
| Q4 24 | $2.0B | $6.0B | ||
| Q3 24 | $2.3B | $6.3B | ||
| Q2 24 | $2.4B | $6.2B | ||
| Q1 24 | $2.1B | $5.6B |
净利润ARKOMO
| Q4 25 | $1.9M | $1.1B | ||
| Q3 25 | $13.5M | $2.4B | ||
| Q2 25 | $20.1M | $2.4B | ||
| Q1 25 | $-12.7M | $1.1B | ||
| Q4 24 | $-2.3M | $3.0B | ||
| Q3 24 | $9.7M | $2.3B | ||
| Q2 24 | $14.1M | $3.8B | ||
| Q1 24 | $-594.0K | $2.1B |
毛利率ARKOMO
| Q4 25 | — | 62.1% | ||
| Q3 25 | — | 62.8% | ||
| Q2 25 | — | 63.1% | ||
| Q1 25 | — | 61.8% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 60.8% | ||
| Q2 24 | — | 59.2% | ||
| Q1 24 | — | 58.8% |
营业利润率ARKOMO
| Q4 25 | 1.2% | 28.2% | ||
| Q3 25 | 1.8% | 53.2% | ||
| Q2 25 | 2.8% | 52.9% | ||
| Q1 25 | -0.6% | 34.0% | ||
| Q4 24 | 0.7% | 48.2% | ||
| Q3 24 | 1.8% | 50.4% | ||
| Q2 24 | 1.8% | 40.8% | ||
| Q1 24 | -0.2% | 48.0% |
净利率ARKOMO
| Q4 25 | 0.1% | 19.1% | ||
| Q3 25 | 0.7% | 39.1% | ||
| Q2 25 | 1.0% | 39.0% | ||
| Q1 25 | -0.7% | 20.5% | ||
| Q4 24 | -0.1% | 50.9% | ||
| Q3 24 | 0.4% | 36.6% | ||
| Q2 24 | 0.6% | 61.2% | ||
| Q1 24 | -0.0% | 38.2% |
每股收益（稀释后）ARKOMO
| Q4 25 | $0.01 | $0.67 | ||
| Q3 25 | $0.10 | $1.41 | ||
| Q2 25 | $0.16 | $1.41 | ||
| Q1 25 | $-0.12 | $0.63 | ||
| Q4 24 | $-0.03 | $1.78 | ||
| Q3 24 | $0.07 | $1.34 | ||
| Q2 24 | $0.11 | $2.21 | ||
| Q1 24 | $-0.02 | $1.21 |
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 | $311.5M | $4.5B |
| 总债务越低越好 | $912.1M | $25.7B |
| 股东权益账面价值 | $267.2M | $-3.5B |
| 总资产 | $3.5B | $35.0B |
| 负债/权益比越低杠杆越低 | 3.41× | — |
8季度趋势，按日历期对齐
现金及短期投资ARKOMO
| Q4 25 | $311.5M | $4.5B | ||
| Q3 25 | $313.2M | $3.5B | ||
| Q2 25 | $299.7M | $1.3B | ||
| Q1 25 | $271.1M | $4.7B | ||
| Q4 24 | $267.1M | $3.1B | ||
| Q3 24 | $296.8M | $1.9B | ||
| Q2 24 | $236.5M | $1.8B | ||
| Q1 24 | $189.1M | $3.6B |
总债务ARKOMO
| Q4 25 | $912.1M | $25.7B | ||
| Q3 25 | $911.6M | $25.7B | ||
| Q2 25 | $916.4M | $24.7B | ||
| Q1 25 | $880.1M | $26.1B | ||
| Q4 24 | $881.0M | $24.9B | ||
| Q3 24 | $884.7M | $25.2B | ||
| Q2 24 | $889.9M | $25.0B | ||
| Q1 24 | $885.0M | $25.0B |
股东权益ARKOMO
| Q4 25 | $267.2M | $-3.5B | ||
| Q3 25 | $273.1M | $-2.6B | ||
| Q2 25 | $264.8M | $-3.3B | ||
| Q1 25 | $255.2M | $-3.5B | ||
| Q4 24 | $276.9M | $-2.2B | ||
| Q3 24 | $280.0M | $-3.5B | ||
| Q2 24 | $273.1M | $-3.0B | ||
| Q1 24 | $261.2M | $-5.1B |
总资产ARKOMO
| Q4 25 | $3.5B | $35.0B | ||
| Q3 25 | $3.6B | $35.0B | ||
| Q2 25 | $3.6B | $32.3B | ||
| Q1 25 | $3.6B | $35.8B | ||
| Q4 24 | $3.6B | $35.2B | ||
| Q3 24 | $3.7B | $34.2B | ||
| Q2 24 | $3.7B | $34.4B | ||
| Q1 24 | $3.6B | $36.5B |
负债/权益比ARKOMO
| Q4 25 | 3.41× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 3.46× | — | ||
| Q1 25 | 3.45× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 3.16× | — | ||
| Q2 24 | 3.26× | — | ||
| Q1 24 | 3.39× | — |
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 | $44.6M | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $14.9M | $3.2B |
| 自由现金流率自由现金流/营收 | 0.8% | 54.4% |
| 资本支出强度资本支出/营收 | 1.7% | 1.6% |
| 现金转化率经营现金流/净利润 | 23.98× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $65.3M | $9.1B |
8季度趋势，按日历期对齐
经营现金流ARKOMO
| Q4 25 | $44.6M | $3.3B | ||
| Q3 25 | $49.4M | $3.1B | ||
| Q2 25 | $55.2M | $205.0M | ||
| Q1 25 | $43.4M | $2.7B | ||
| Q4 24 | $22.7M | $3.3B | ||
| Q3 24 | $109.2M | $2.6B | ||
| Q2 24 | $77.2M | $-75.0M | ||
| Q1 24 | $12.8M | $2.9B |
自由现金流ARKOMO
| Q4 25 | $14.9M | $3.2B | ||
| Q3 25 | $24.5M | $3.0B | ||
| Q2 25 | $9.8M | $173.0M | ||
| Q1 25 | $16.0M | $2.7B | ||
| Q4 24 | $-13.4M | $3.3B | ||
| Q3 24 | $79.9M | $2.6B | ||
| Q2 24 | $57.9M | $-104.0M | ||
| Q1 24 | $-16.5M | $2.8B |
自由现金流率ARKOMO
| Q4 25 | 0.8% | 54.4% | ||
| Q3 25 | 1.2% | 50.1% | ||
| Q2 25 | 0.5% | 2.8% | ||
| Q1 25 | 0.9% | 51.0% | ||
| Q4 24 | -0.7% | 55.1% | ||
| Q3 24 | 3.5% | 41.2% | ||
| Q2 24 | 2.4% | -1.7% | ||
| Q1 24 | -0.8% | 51.0% |
资本支出强度ARKOMO
| Q4 25 | 1.7% | 1.6% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | 1.5% | 0.7% | ||
| Q4 24 | 1.8% | 0.8% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 0.8% | 0.5% | ||
| Q1 24 | 1.4% | 0.6% |
现金转化率ARKOMO
| Q4 25 | 23.98× | 2.93× | ||
| Q3 25 | 3.67× | 1.30× | ||
| Q2 25 | 2.75× | 0.09× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | 11.28× | 1.14× | ||
| Q2 24 | 5.49× | -0.02× | ||
| Q1 24 | — | 1.35× |
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
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
