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艾仕得（AXTA）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是艾仕得的3.2倍（$4.0B vs $1.3B），United Rentals净利率更高（13.3% vs 4.8%，领先8.6%），United Rentals同比增速更快（7.2% vs -3.7%），United Rentals自由现金流更多（$1.1B vs $286.0M），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
AXTA vs URI — 直观对比
营收规模更大
URI
是对方的3.2倍
$1.3B
营收增速更快
URI
高出10.9%
-3.7%
净利率更高
URI
高出8.6%
4.8%
自由现金流更多
URI
多$768.0M
$286.0M
两年增速更快
URI
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $4.0B |
| 净利润 | $60.0M | $531.0M |
| 毛利率 | 33.4% | 36.9% |
| 营业利润率 | 12.8% | 21.8% |
| 净利率 | 4.8% | 13.3% |
| 营收同比 | -3.7% | 7.2% |
| 净利润同比 | -56.2% | — |
| 每股收益（稀释后） | $0.28 | $8.43 |
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AXTAURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.3B | $992.0M | ||
| Q3 25 | $1.3B | $938.0M | ||
| Q2 25 | $1.3B | $872.0M | ||
| Q1 25 | $1.3B | $893.0M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $874.0M | ||
| Q2 24 | $1.4B | $870.0M |
净利润AXTAURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $60.0M | $653.0M | ||
| Q3 25 | $110.0M | $701.0M | ||
| Q2 25 | $109.0M | $622.0M | ||
| Q1 25 | $99.0M | $518.0M | ||
| Q4 24 | $137.0M | $689.0M | ||
| Q3 24 | $101.0M | $708.0M | ||
| Q2 24 | $112.0M | $636.0M |
毛利率AXTAURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 34.0% | — |
营业利润率AXTAURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 13.9% | 90.0% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 14.6% | — | ||
| Q2 24 | 15.2% | — |
净利率AXTAURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 4.8% | 65.8% | ||
| Q3 25 | 8.5% | 74.7% | ||
| Q2 25 | 8.4% | 71.3% | ||
| Q1 25 | 7.8% | 58.0% | ||
| Q4 24 | 10.5% | 67.6% | ||
| Q3 24 | 7.7% | 81.0% | ||
| Q2 24 | 8.3% | 73.1% |
每股收益（稀释后）AXTAURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $0.28 | $10.20 | ||
| Q3 25 | $0.51 | $10.91 | ||
| Q2 25 | $0.50 | $9.59 | ||
| Q1 25 | $0.45 | $7.91 | ||
| Q4 24 | $0.63 | $10.41 | ||
| Q3 24 | $0.46 | $10.70 | ||
| Q2 24 | $0.51 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $3.2B | $13.9B |
| 股东权益账面价值 | $2.3B | $9.0B |
| 总资产 | $7.6B | $29.9B |
| 负债/权益比越低杠杆越低 | 1.36× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资AXTAURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $657.0M | $459.0M | ||
| Q3 25 | $606.0M | $512.0M | ||
| Q2 25 | $625.0M | $548.0M | ||
| Q1 25 | $575.0M | $542.0M | ||
| Q4 24 | $593.0M | $457.0M | ||
| Q3 24 | $567.0M | $479.0M | ||
| Q2 24 | $840.0M | $467.0M |
总债务AXTAURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $3.2B | $12.7B | ||
| Q3 25 | $3.4B | $12.6B | ||
| Q2 25 | $3.4B | $12.1B | ||
| Q1 25 | $3.4B | $11.5B | ||
| Q4 24 | $3.4B | $12.2B | ||
| Q3 24 | $3.5B | $11.9B | ||
| Q2 24 | $3.6B | $11.5B |
股东权益AXTAURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $2.3B | $9.0B | ||
| Q3 25 | $2.3B | $9.0B | ||
| Q2 25 | $2.3B | $9.0B | ||
| Q1 25 | $2.1B | $8.8B | ||
| Q4 24 | $1.9B | $8.6B | ||
| Q3 24 | $1.9B | $8.6B | ||
| Q2 24 | $1.8B | $8.3B |
总资产AXTAURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $7.6B | $29.9B | ||
| Q3 25 | $7.8B | $30.1B | ||
| Q2 25 | $7.8B | $29.2B | ||
| Q1 25 | $7.4B | $28.1B | ||
| Q4 24 | $7.2B | $28.2B | ||
| Q3 24 | $7.5B | $28.4B | ||
| Q2 24 | $7.3B | $27.6B |
负债/权益比AXTAURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.36× | 1.41× | ||
| Q3 25 | 1.48× | 1.40× | ||
| Q2 25 | 1.50× | 1.34× | ||
| Q1 25 | 1.64× | 1.31× | ||
| Q4 24 | 1.78× | 1.42× | ||
| Q3 24 | 1.84× | 1.38× | ||
| Q2 24 | 2.02× | 1.39× |
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 | $344.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 22.7% | 26.4% |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 5.73× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $453.0M | — |
8季度趋势，按日历期对齐
经营现金流AXTAURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $344.0M | $1.3B | ||
| Q3 25 | $137.0M | $1.2B | ||
| Q2 25 | $142.0M | $1.3B | ||
| Q1 25 | $26.0M | $1.4B | ||
| Q4 24 | $234.0M | $1.0B | ||
| Q3 24 | $194.0M | $1.2B | ||
| Q2 24 | $114.0M | $1.3B |
自由现金流AXTAURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $286.0M | — | ||
| Q3 25 | $87.0M | — | ||
| Q2 25 | $97.0M | — | ||
| Q1 25 | $-17.0M | — | ||
| Q4 24 | $172.0M | $471.0M | ||
| Q3 24 | $161.0M | $-168.0M | ||
| Q2 24 | $91.0M | $-263.0M |
自由现金流率AXTAURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 22.7% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | 13.1% | 46.2% | ||
| Q3 24 | 12.2% | -19.2% | ||
| Q2 24 | 6.7% | -30.2% |
资本支出强度AXTAURI
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.7% | 56.6% | ||
| Q3 24 | 2.5% | 157.0% | ||
| Q2 24 | 1.7% | 175.6% |
现金转化率AXTAURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 5.73× | 1.92× | ||
| Q3 25 | 1.25× | 1.68× | ||
| Q2 25 | 1.30× | 2.14× | ||
| Q1 25 | 0.26× | 2.75× | ||
| Q4 24 | 1.71× | 1.52× | ||
| Q3 24 | 1.92× | 1.70× | ||
| Q2 24 | 1.02× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
