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AutoZone（AZO）与Chefs' Warehouse, Inc.（CHEF）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Chefs' Warehouse, Inc.的3.7倍（$4.3B vs $1.1B）。AutoZone净利率更高（11.0% vs 1.9%，领先9.1%）。Chefs' Warehouse, Inc.同比增速更快（10.5% vs 8.1%）。Chefs' Warehouse, Inc.自由现金流更多（$65.8M vs $35.6M）。过去两年Chefs' Warehouse, Inc.的营收复合增速更高（14.3% vs 0.5%）
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。
Chefs' Warehouse, Inc. 是一家北美专业食品分销商，服务对象包括独立餐厅、高端餐饮场所、酒店、餐饮服务商等食品服务运营商，供应超15万种精选产品，涵盖手工食材、特色肉类、海鲜、乳制品、进口高端美食等，适配专业厨师的使用需求。
AZO vs CHEF — 直观对比
营收规模更大
AZO
是对方的3.7倍
$1.1B
营收增速更快
CHEF
高出2.4%
8.1%
净利率更高
AZO
高出9.1%
1.9%
自由现金流更多
CHEF
多$30.2M
$35.6M
两年增速更快
CHEF
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $1.1B |
| 净利润 | $468.9M | $21.7M |
| 毛利率 | 52.5% | 24.2% |
| 营业利润率 | 16.3% | 3.8% |
| 净利率 | 11.0% | 1.9% |
| 营收同比 | 8.1% | 10.5% |
| 净利润同比 | -3.9% | -9.4% |
| 每股收益（稀释后） | $27.63 | $0.50 |
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AZOCHEF
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $6.2B | $1.0B | ||
| Q2 25 | $4.5B | $1.0B | ||
| Q1 25 | $4.0B | $950.7M | ||
| Q4 24 | $4.3B | $1.0B | ||
| Q3 24 | $6.2B | $931.5M | ||
| Q2 24 | $4.2B | $954.7M |
净利润AZOCHEF
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $21.7M | ||
| Q3 25 | $837.0M | $19.1M | ||
| Q2 25 | $608.4M | $21.2M | ||
| Q1 25 | $487.9M | $10.3M | ||
| Q4 24 | $564.9M | $23.9M | ||
| Q3 24 | $902.2M | $14.1M | ||
| Q2 24 | $651.7M | $15.5M |
毛利率AZOCHEF
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 24.2% | ||
| Q3 25 | 51.5% | 24.2% | ||
| Q2 25 | 52.7% | 24.6% | ||
| Q1 25 | 53.9% | 23.8% | ||
| Q4 24 | 53.0% | 24.3% | ||
| Q3 24 | 52.5% | 24.1% | ||
| Q2 24 | 53.5% | 24.0% |
营业利润率AZOCHEF
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 3.8% | ||
| Q3 25 | 19.2% | 3.8% | ||
| Q2 25 | 19.4% | 3.9% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 19.7% | 4.5% | ||
| Q3 24 | 20.9% | 3.4% | ||
| Q2 24 | 21.3% | 3.5% |
净利率AZOCHEF
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 1.9% | ||
| Q3 25 | 13.4% | 1.9% | ||
| Q2 25 | 13.6% | 2.1% | ||
| Q1 25 | 12.3% | 1.1% | ||
| Q4 24 | 13.2% | 2.3% | ||
| Q3 24 | 14.5% | 1.5% | ||
| Q2 24 | 15.4% | 1.6% |
每股收益（稀释后）AZOCHEF
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.50 | ||
| Q3 25 | $48.70 | $0.44 | ||
| Q2 25 | $35.36 | $0.49 | ||
| Q1 25 | $28.29 | $0.25 | ||
| Q4 24 | $32.52 | $0.56 | ||
| Q3 24 | $51.42 | $0.34 | ||
| Q2 24 | $36.69 | $0.37 |
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 | $121.0M |
| 总债务越低越好 | — | $720.3M |
| 股东权益账面价值 | $-2.9B | $604.3M |
| 总资产 | $20.4B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资AZOCHEF
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $121.0M | ||
| Q3 25 | $271.8M | $65.1M | ||
| Q2 25 | $268.6M | $96.9M | ||
| Q1 25 | $300.9M | $116.5M | ||
| Q4 24 | $304.0M | $114.7M | ||
| Q3 24 | $298.2M | $50.7M | ||
| Q2 24 | $275.4M | $38.3M |
总债务AZOCHEF
| Q1 26 | — | — | ||
| Q4 25 | — | $720.3M | ||
| Q3 25 | — | $711.7M | ||
| Q2 25 | — | $690.2M | ||
| Q1 25 | — | $681.1M | ||
| Q4 24 | — | $688.7M | ||
| Q3 24 | — | $666.6M | ||
| Q2 24 | — | $660.8M |
股东权益AZOCHEF
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $604.3M | ||
| Q3 25 | $-3.4B | $576.6M | ||
| Q2 25 | $-4.0B | $557.7M | ||
| Q1 25 | $-4.5B | $541.6M | ||
| Q4 24 | $-4.7B | $537.6M | ||
| Q3 24 | $-4.7B | $480.3M | ||
| Q2 24 | $-4.8B | $461.9M |
总资产AZOCHEF
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $2.0B | ||
| Q3 25 | $19.4B | $1.9B | ||
| Q2 25 | $18.6B | $1.9B | ||
| Q1 25 | $18.1B | $1.8B | ||
| Q4 24 | $17.5B | $1.9B | ||
| Q3 24 | $17.2B | $1.8B | ||
| Q2 24 | $17.1B | $1.7B |
负债/权益比AZOCHEF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 1.43× |
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 | $73.9M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $65.8M |
| 自由现金流率自由现金流/营收 | 0.8% | 5.8% |
| 资本支出强度资本支出/营收 | 7.9% | 0.7% |
| 现金转化率经营现金流/净利润 | 0.80× | 3.41× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $87.8M |
8季度趋势，按日历期对齐
经营现金流AZOCHEF
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $73.9M | ||
| Q3 25 | $952.8M | $-8.7M | ||
| Q2 25 | $769.0M | $14.5M | ||
| Q1 25 | $583.7M | $49.6M | ||
| Q4 24 | $811.8M | $73.0M | ||
| Q3 24 | $1.1B | $19.8M | ||
| Q2 24 | $669.5M | $29.3M |
自由现金流AZOCHEF
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $65.8M | ||
| Q3 25 | $511.1M | $-19.7M | ||
| Q2 25 | $423.1M | $4.5M | ||
| Q1 25 | $291.0M | $37.2M | ||
| Q4 24 | $564.8M | $64.6M | ||
| Q3 24 | $723.5M | $11.8M | ||
| Q2 24 | $434.4M | $13.3M |
自由现金流率AZOCHEF
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 5.8% | ||
| Q3 25 | 8.2% | -1.9% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 7.4% | 3.9% | ||
| Q4 24 | 13.2% | 6.3% | ||
| Q3 24 | 11.7% | 1.3% | ||
| Q2 24 | 10.3% | 1.4% |
资本支出强度AZOCHEF
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 0.7% | ||
| Q3 25 | 7.1% | 1.1% | ||
| Q2 25 | 7.7% | 1.0% | ||
| Q1 25 | 7.4% | 1.3% | ||
| Q4 24 | 5.8% | 0.8% | ||
| Q3 24 | 5.6% | 0.9% | ||
| Q2 24 | 5.6% | 1.7% |
现金转化率AZOCHEF
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 3.41× | ||
| Q3 25 | 1.14× | -0.46× | ||
| Q2 25 | 1.26× | 0.68× | ||
| Q1 25 | 1.20× | 4.82× | ||
| Q4 24 | 1.44× | 3.05× | ||
| Q3 24 | 1.19× | 1.41× | ||
| Q2 24 | 1.03× | 1.89× |
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
AZO
暂无分部数据
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
