vs
艾仕得（AXTA）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是艾仕得的1.6倍（$2.0B vs $1.3B），Fastenal净利率更高（14.5% vs 4.8%，领先9.7%），Fastenal同比增速更快（3.5% vs -3.7%），Fastenal自由现金流更多（$308.2M vs $286.0M），过去两年Fastenal的营收复合增速更高（2.9% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
AXTA vs FAST — 直观对比
营收规模更大
FAST
是对方的1.6倍
$1.3B
营收增速更快
FAST
高出7.2%
-3.7%
净利率更高
FAST
高出9.7%
4.8%
自由现金流更多
FAST
多$22.2M
$286.0M
两年增速更快
FAST
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $60.0M | $293.9M |
| 毛利率 | 33.4% | 44.3% |
| 营业利润率 | 12.8% | 18.9% |
| 净利率 | 4.8% | 14.5% |
| 营收同比 | -3.7% | 3.5% |
| 净利润同比 | -56.2% | -1.6% |
| 每股收益（稀释后） | $0.28 | $-0.01 |
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AXTAFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.4B | $1.9B |
净利润AXTAFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $60.0M | $293.9M | ||
| Q3 25 | $110.0M | $335.5M | ||
| Q2 25 | $109.0M | $330.3M | ||
| Q1 25 | $99.0M | $298.7M | ||
| Q4 24 | $137.0M | $262.1M | ||
| Q3 24 | $101.0M | $298.1M | ||
| Q2 24 | $112.0M | $292.7M |
毛利率AXTAFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | 33.4% | 44.3% | ||
| Q3 25 | 34.9% | 45.3% | ||
| Q2 25 | 35.0% | 45.3% | ||
| Q1 25 | 34.3% | 45.1% | ||
| Q4 24 | 34.1% | 44.8% | ||
| Q3 24 | 35.0% | 44.9% | ||
| Q2 24 | 34.0% | 45.1% |
营业利润率AXTAFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | 12.8% | 18.9% | ||
| Q3 25 | 15.8% | 20.7% | ||
| Q2 25 | 14.8% | 21.0% | ||
| Q1 25 | 13.9% | 20.1% | ||
| Q4 24 | 14.3% | 18.9% | ||
| Q3 24 | 14.6% | 20.3% | ||
| Q2 24 | 15.2% | 20.2% |
净利率AXTAFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | 4.8% | 14.5% | ||
| Q3 25 | 8.5% | 15.7% | ||
| Q2 25 | 8.4% | 15.9% | ||
| Q1 25 | 7.8% | 15.2% | ||
| Q4 24 | 10.5% | 14.4% | ||
| Q3 24 | 7.7% | 15.6% | ||
| Q2 24 | 8.3% | 15.3% |
每股收益（稀释后）AXTAFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.28 | $-0.01 | ||
| Q3 25 | $0.51 | $0.29 | ||
| Q2 25 | $0.50 | $0.29 | ||
| Q1 25 | $0.45 | $0.52 | ||
| Q4 24 | $0.63 | $0.45 | ||
| Q3 24 | $0.46 | $0.52 | ||
| Q2 24 | $0.51 | $0.51 |
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 | $657.0M | $276.8M |
| 总债务越低越好 | $3.2B | $125.0M |
| 股东权益账面价值 | $2.3B | $3.9B |
| 总资产 | $7.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.36× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资AXTAFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | $657.0M | $276.8M | ||
| Q3 25 | $606.0M | $288.1M | ||
| Q2 25 | $625.0M | $237.8M | ||
| Q1 25 | $575.0M | $231.8M | ||
| Q4 24 | $593.0M | $255.8M | ||
| Q3 24 | $567.0M | $292.2M | ||
| Q2 24 | $840.0M | $255.5M |
总债务AXTAFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | $3.2B | $125.0M | ||
| Q3 25 | $3.4B | $195.0M | ||
| Q2 25 | $3.4B | $230.0M | ||
| Q1 25 | $3.4B | $200.0M | ||
| Q4 24 | $3.4B | $200.0M | ||
| Q3 24 | $3.5B | $240.0M | ||
| Q2 24 | $3.6B | $235.0M |
股东权益AXTAFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $3.9B | ||
| Q3 25 | $2.3B | $3.9B | ||
| Q2 25 | $2.3B | $3.8B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $1.9B | $3.6B | ||
| Q3 24 | $1.9B | $3.6B | ||
| Q2 24 | $1.8B | $3.5B |
总资产AXTAFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $7.6B | $5.1B | ||
| Q3 25 | $7.8B | $5.1B | ||
| Q2 25 | $7.8B | $5.0B | ||
| Q1 25 | $7.4B | $4.9B | ||
| Q4 24 | $7.2B | $4.7B | ||
| Q3 24 | $7.5B | $4.7B | ||
| Q2 24 | $7.3B | $4.6B |
负债/权益比AXTAFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | 1.36× | 0.03× | ||
| Q3 25 | 1.48× | 0.05× | ||
| Q2 25 | 1.50× | 0.06× | ||
| Q1 25 | 1.64× | 0.05× | ||
| Q4 24 | 1.78× | 0.06× | ||
| Q3 24 | 1.84× | 0.07× | ||
| Q2 24 | 2.02× | 0.07× |
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 | $344.0M | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $308.2M |
| 自由现金流率自由现金流/营收 | 22.7% | 15.2% |
| 资本支出强度资本支出/营收 | 4.6% | 3.0% |
| 现金转化率经营现金流/净利润 | 5.73× | 1.25× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AXTAFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $344.0M | $368.2M | ||
| Q3 25 | $137.0M | $386.9M | ||
| Q2 25 | $142.0M | $278.6M | ||
| Q1 25 | $26.0M | $262.2M | ||
| Q4 24 | $234.0M | $282.8M | ||
| Q3 24 | $194.0M | $296.9M | ||
| Q2 24 | $114.0M | $258.0M |
自由现金流AXTAFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $286.0M | $308.2M | ||
| Q3 25 | $87.0M | $326.6M | ||
| Q2 25 | $97.0M | $209.3M | ||
| Q1 25 | $-17.0M | $206.5M | ||
| Q4 24 | $172.0M | $222.6M | ||
| Q3 24 | $161.0M | $237.5M | ||
| Q2 24 | $91.0M | $201.9M |
自由现金流率AXTAFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | 22.7% | 15.2% | ||
| Q3 25 | 6.8% | 15.3% | ||
| Q2 25 | 7.4% | 10.1% | ||
| Q1 25 | -1.3% | 10.5% | ||
| Q4 24 | 13.1% | 12.2% | ||
| Q3 24 | 12.2% | 12.4% | ||
| Q2 24 | 6.7% | 10.5% |
资本支出强度AXTAFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 4.6% | 3.0% | ||
| Q3 25 | 3.9% | 2.8% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 3.4% | 2.8% | ||
| Q4 24 | 4.7% | 3.3% | ||
| Q3 24 | 2.5% | 3.1% | ||
| Q2 24 | 1.7% | 2.9% |
现金转化率AXTAFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | 5.73× | 1.25× | ||
| Q3 25 | 1.25× | 1.15× | ||
| Q2 25 | 1.30× | 0.84× | ||
| Q1 25 | 0.26× | 0.88× | ||
| Q4 24 | 1.71× | 1.08× | ||
| Q3 24 | 1.92× | 1.00× | ||
| Q2 24 | 1.02× | 0.88× |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
