vs
AutoZone（AZO）与Core & Main, Inc.（CNM）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Core & Main, Inc.的2.1倍（$4.3B vs $2.1B）。AutoZone净利率更高（11.0% vs 6.6%，领先4.3%）。Core & Main, Inc.同比增速更快（43.2% vs 8.1%）。过去两年Core & Main, Inc.的营收复合增速更高（8.8% 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。
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
AZO vs CNM — 直观对比
营收规模更大
AZO
是对方的2.1倍
$2.1B
营收增速更快
CNM
高出35.0%
8.1%
净利率更高
AZO
高出4.3%
6.6%
两年增速更快
CNM
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $2.1B |
| 净利润 | $468.9M | $137.0M |
| 毛利率 | 52.5% | 27.2% |
| 营业利润率 | 16.3% | 10.7% |
| 净利率 | 11.0% | 6.6% |
| 营收同比 | 8.1% | 43.2% |
| 净利润同比 | -3.9% | 117.5% |
| 每股收益（稀释后） | $27.63 | $0.72 |
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AZOCNM
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $2.1B | ||
| Q3 25 | $6.2B | $2.1B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.0B | $1.7B | ||
| Q4 24 | $4.3B | $2.0B | ||
| Q3 24 | $6.2B | $2.0B | ||
| Q2 24 | $4.2B | $1.7B |
净利润AZOCNM
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $137.0M | ||
| Q3 25 | $837.0M | $134.0M | ||
| Q2 25 | $608.4M | $100.0M | ||
| Q1 25 | $487.9M | $64.0M | ||
| Q4 24 | $564.9M | $133.0M | ||
| Q3 24 | $902.2M | $119.0M | ||
| Q2 24 | $651.7M | $95.0M |
毛利率AZOCNM
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 27.2% | ||
| Q3 25 | 51.5% | 26.8% | ||
| Q2 25 | 52.7% | 26.7% | ||
| Q1 25 | 53.9% | 26.6% | ||
| Q4 24 | 53.0% | 26.6% | ||
| Q3 24 | 52.5% | 26.4% | ||
| Q2 24 | 53.5% | 26.9% |
营业利润率AZOCNM
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 10.7% | ||
| Q3 25 | 19.2% | 10.2% | ||
| Q2 25 | 19.4% | 8.9% | ||
| Q1 25 | 17.9% | 7.3% | ||
| Q4 24 | 19.7% | 10.9% | ||
| Q3 24 | 20.9% | 10.4% | ||
| Q2 24 | 21.3% | 9.6% |
净利率AZOCNM
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 6.6% | ||
| Q3 25 | 13.4% | 6.4% | ||
| Q2 25 | 13.6% | 5.2% | ||
| Q1 25 | 12.3% | 3.8% | ||
| Q4 24 | 13.2% | 6.5% | ||
| Q3 24 | 14.5% | 6.1% | ||
| Q2 24 | 15.4% | 5.5% |
每股收益（稀释后）AZOCNM
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.72 | ||
| Q3 25 | $48.70 | $0.70 | ||
| Q2 25 | $35.36 | $0.52 | ||
| Q1 25 | $28.29 | $0.34 | ||
| Q4 24 | $32.52 | $0.69 | ||
| Q3 24 | $51.42 | $0.61 | ||
| Q2 24 | $36.69 | $0.49 |
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 | $89.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $2.0B |
| 总资产 | $20.4B | $6.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AZOCNM
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $89.0M | ||
| Q3 25 | $271.8M | $25.0M | ||
| Q2 25 | $268.6M | $8.0M | ||
| Q1 25 | $300.9M | $8.0M | ||
| Q4 24 | $304.0M | $10.0M | ||
| Q3 24 | $298.2M | $13.0M | ||
| Q2 24 | $275.4M | $30.0M |
股东权益AZOCNM
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $2.0B | ||
| Q3 25 | $-3.4B | $1.9B | ||
| Q2 25 | $-4.0B | $1.7B | ||
| Q1 25 | $-4.5B | $1.7B | ||
| Q4 24 | $-4.7B | $1.7B | ||
| Q3 24 | $-4.7B | $1.6B | ||
| Q2 24 | $-4.8B | $1.6B |
总资产AZOCNM
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $6.3B | ||
| Q3 25 | $19.4B | $6.3B | ||
| Q2 25 | $18.6B | $6.3B | ||
| Q1 25 | $18.1B | $5.9B | ||
| Q4 24 | $17.5B | $6.2B | ||
| Q3 24 | $17.2B | $6.1B | ||
| Q2 24 | $17.1B | $6.0B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $35.6M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 7.9% | — |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $575.0M |
8季度趋势，按日历期对齐
经营现金流AZOCNM
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | — | ||
| Q3 25 | $952.8M | $34.0M | ||
| Q2 25 | $769.0M | $77.0M | ||
| Q1 25 | $583.7M | $235.0M | ||
| Q4 24 | $811.8M | $260.0M | ||
| Q3 24 | $1.1B | $48.0M | ||
| Q2 24 | $669.5M | $78.0M |
自由现金流AZOCNM
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | — | ||
| Q3 25 | $511.1M | $24.0M | ||
| Q2 25 | $423.1M | $64.0M | ||
| Q1 25 | $291.0M | $224.0M | ||
| Q4 24 | $564.8M | $252.0M | ||
| Q3 24 | $723.5M | $39.0M | ||
| Q2 24 | $434.4M | $71.0M |
自由现金流率AZOCNM
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.2% | 1.1% | ||
| Q2 25 | 9.5% | 3.3% | ||
| Q1 25 | 7.4% | 13.2% | ||
| Q4 24 | 13.2% | 12.4% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 10.3% | 4.1% |
资本支出强度AZOCNM
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 7.1% | 0.5% | ||
| Q2 25 | 7.7% | 0.7% | ||
| Q1 25 | 7.4% | 0.6% | ||
| Q4 24 | 5.8% | 0.4% | ||
| Q3 24 | 5.6% | 0.5% | ||
| Q2 24 | 5.6% | 0.4% |
现金转化率AZOCNM
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.14× | 0.25× | ||
| Q2 25 | 1.26× | 0.77× | ||
| Q1 25 | 1.20× | 3.67× | ||
| Q4 24 | 1.44× | 1.95× | ||
| Q3 24 | 1.19× | 0.40× | ||
| Q2 24 | 1.03× | 0.82× |
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
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
