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AutoZone（AZO）与BJ's Wholesale Club Holdings, Inc.（BJ）财务数据对比。点击上方公司名可切换其他公司
BJ's Wholesale Club Holdings, Inc.的季度营收约是AutoZone的1.3倍（$5.3B vs $4.3B）。AutoZone净利率更高（11.0% vs 2.8%，领先8.1%）。AutoZone同比增速更快（8.1% vs 4.9%）。AutoZone自由现金流更多（$35.6M vs $-13.7M）。过去两年AutoZone的营收复合增速更高（0.5% vs -0.1%）
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。
BJ's Wholesale Club Holdings是美国区域型会员制仓储连锁商超，总部位于马萨诸塞州马尔伯勒，业务覆盖美国东部地区及俄亥俄、密歇根、肯塔基州路易斯维尔、印第安纳、田纳西、佛罗里达、阿拉巴马等地，主要竞争对手为好市多和山姆会员店。
AZO vs BJ — 直观对比
营收规模更大
BJ
是对方的1.3倍
$4.3B
营收增速更快
AZO
高出3.3%
4.9%
净利率更高
AZO
高出8.1%
2.8%
自由现金流更多
AZO
多$49.4M
$-13.7M
两年增速更快
AZO
近两年复合增速
-0.1%
损益表 — Q2 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $5.3B |
| 净利润 | $468.9M | $152.1M |
| 毛利率 | 52.5% | 19.0% |
| 营业利润率 | 16.3% | 4.1% |
| 净利率 | 11.0% | 2.8% |
| 营收同比 | 8.1% | 4.9% |
| 净利润同比 | -3.9% | -2.4% |
| 每股收益（稀释后） | $27.63 | $1.15 |
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AZOBJ
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $5.3B | ||
| Q3 25 | $6.2B | $5.4B | ||
| Q2 25 | $4.5B | $5.2B | ||
| Q1 25 | $4.0B | $5.3B | ||
| Q4 24 | $4.3B | $5.1B | ||
| Q3 24 | $6.2B | $5.2B | ||
| Q2 24 | $4.2B | $4.9B |
净利润AZOBJ
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $152.1M | ||
| Q3 25 | $837.0M | $150.7M | ||
| Q2 25 | $608.4M | $149.8M | ||
| Q1 25 | $487.9M | $122.7M | ||
| Q4 24 | $564.9M | $155.7M | ||
| Q3 24 | $902.2M | $145.0M | ||
| Q2 24 | $651.7M | $111.0M |
毛利率AZOBJ
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 19.0% | ||
| Q3 25 | 51.5% | 18.7% | ||
| Q2 25 | 52.7% | 18.8% | ||
| Q1 25 | 53.9% | 18.0% | ||
| Q4 24 | 53.0% | 19.1% | ||
| Q3 24 | 52.5% | 18.4% | ||
| Q2 24 | 53.5% | 18.0% |
营业利润率AZOBJ
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 4.1% | ||
| Q3 25 | 19.2% | 4.0% | ||
| Q2 25 | 19.4% | 4.0% | ||
| Q1 25 | 17.9% | 3.4% | ||
| Q4 24 | 19.7% | 4.5% | ||
| Q3 24 | 20.9% | 3.9% | ||
| Q2 24 | 21.3% | 3.3% |
净利率AZOBJ
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 2.8% | ||
| Q3 25 | 13.4% | 2.8% | ||
| Q2 25 | 13.6% | 2.9% | ||
| Q1 25 | 12.3% | 2.3% | ||
| Q4 24 | 13.2% | 3.1% | ||
| Q3 24 | 14.5% | 2.8% | ||
| Q2 24 | 15.4% | 2.3% |
每股收益（稀释后）AZOBJ
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $1.15 | ||
| Q3 25 | $48.70 | $1.14 | ||
| Q2 25 | $35.36 | $1.13 | ||
| Q1 25 | $28.29 | $0.92 | ||
| Q4 24 | $32.52 | $1.17 | ||
| Q3 24 | $51.42 | $1.08 | ||
| Q2 24 | $36.69 | $0.83 |
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 | $285.5M | $45.1M |
| 总债务越低越好 | — | $399.0M |
| 股东权益账面价值 | $-2.9B | $2.2B |
| 总资产 | $20.4B | $7.5B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资AZOBJ
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $45.1M | ||
| Q3 25 | $271.8M | $47.3M | ||
| Q2 25 | $268.6M | $39.5M | ||
| Q1 25 | $300.9M | $28.3M | ||
| Q4 24 | $304.0M | $33.9M | ||
| Q3 24 | $298.2M | $38.1M | ||
| Q2 24 | $275.4M | $35.1M |
总债务AZOBJ
| Q1 26 | — | — | ||
| Q4 25 | — | $399.0M | ||
| Q3 25 | — | $399.0M | ||
| Q2 25 | — | $398.9M | ||
| Q1 25 | — | $398.8M | ||
| Q4 24 | — | $398.7M | ||
| Q3 24 | — | $398.6M | ||
| Q2 24 | — | $398.5M |
股东权益AZOBJ
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $2.2B | ||
| Q3 25 | $-3.4B | $2.1B | ||
| Q2 25 | $-4.0B | $2.0B | ||
| Q1 25 | $-4.5B | $1.8B | ||
| Q4 24 | $-4.7B | $1.8B | ||
| Q3 24 | $-4.7B | $1.7B | ||
| Q2 24 | $-4.8B | $1.5B |
总资产AZOBJ
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $7.5B | ||
| Q3 25 | $19.4B | $7.2B | ||
| Q2 25 | $18.6B | $7.2B | ||
| Q1 25 | $18.1B | $7.1B | ||
| Q4 24 | $17.5B | $7.2B | ||
| Q3 24 | $17.2B | $6.9B | ||
| Q2 24 | $17.1B | $6.8B |
负债/权益比AZOBJ
| Q1 26 | — | — | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 0.23× | ||
| Q3 24 | — | 0.24× | ||
| Q2 24 | — | 0.26× |
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 | $373.4M | $181.1M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $-13.7M |
| 自由现金流率自由现金流/营收 | 0.8% | -0.3% |
| 资本支出强度资本支出/营收 | 7.9% | 3.6% |
| 现金转化率经营现金流/净利润 | 0.80× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $249.6M |
8季度趋势，按日历期对齐
经营现金流AZOBJ
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $181.1M | ||
| Q3 25 | $952.8M | $249.9M | ||
| Q2 25 | $769.0M | $208.1M | ||
| Q1 25 | $583.7M | $271.9M | ||
| Q4 24 | $811.8M | $206.8M | ||
| Q3 24 | $1.1B | $221.4M | ||
| Q2 24 | $669.5M | $200.8M |
自由现金流AZOBJ
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $-13.7M | ||
| Q3 25 | $511.1M | $84.3M | ||
| Q2 25 | $423.1M | $67.6M | ||
| Q1 25 | $291.0M | $111.5M | ||
| Q4 24 | $564.8M | $18.8M | ||
| Q3 24 | $723.5M | $87.5M | ||
| Q2 24 | $434.4M | $95.1M |
自由现金流率AZOBJ
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | -0.3% | ||
| Q3 25 | 8.2% | 1.6% | ||
| Q2 25 | 9.5% | 1.3% | ||
| Q1 25 | 7.4% | 2.1% | ||
| Q4 24 | 13.2% | 0.4% | ||
| Q3 24 | 11.7% | 1.7% | ||
| Q2 24 | 10.3% | 1.9% |
资本支出强度AZOBJ
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 3.6% | ||
| Q3 25 | 7.1% | 3.1% | ||
| Q2 25 | 7.7% | 2.7% | ||
| Q1 25 | 7.4% | 3.0% | ||
| Q4 24 | 5.8% | 3.7% | ||
| Q3 24 | 5.6% | 2.6% | ||
| Q2 24 | 5.6% | 2.1% |
现金转化率AZOBJ
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 1.19× | ||
| Q3 25 | 1.14× | 1.66× | ||
| Q2 25 | 1.26× | 1.39× | ||
| Q1 25 | 1.20× | 2.22× | ||
| Q4 24 | 1.44× | 1.33× | ||
| Q3 24 | 1.19× | 1.53× | ||
| Q2 24 | 1.03× | 1.81× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
