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AutoZone（AZO）与PC CONNECTION INC（CNXN）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PC CONNECTION INC的6.1倍（$4.3B vs $702.9M）。AutoZone净利率更高（11.0% vs 2.9%，领先8.0%）。AutoZone同比增速更快（8.1% vs -0.8%）。AutoZone自由现金流更多（$35.6M vs $25.2M）。过去两年PC CONNECTION INC的营收复合增速更高（5.5% 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。
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
AZO vs CNXN — 直观对比
营收规模更大
AZO
是对方的6.1倍
$702.9M
营收增速更快
AZO
高出9.0%
-0.8%
净利率更高
AZO
高出8.0%
2.9%
自由现金流更多
AZO
多$10.4M
$25.2M
两年增速更快
CNXN
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $702.9M |
| 净利润 | $468.9M | $20.7M |
| 毛利率 | 52.5% | 19.3% |
| 营业利润率 | 16.3% | 3.4% |
| 净利率 | 11.0% | 2.9% |
| 营收同比 | 8.1% | -0.8% |
| 净利润同比 | -3.9% | -0.0% |
| 每股收益（稀释后） | $27.63 | $0.82 |
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AZOCNXN
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $702.9M | ||
| Q3 25 | $6.2B | $709.1M | ||
| Q2 25 | $4.5B | $759.7M | ||
| Q1 25 | $4.0B | $701.0M | ||
| Q4 24 | $4.3B | $708.9M | ||
| Q3 24 | $6.2B | $724.7M | ||
| Q2 24 | $4.2B | $736.5M |
净利润AZOCNXN
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $20.7M | ||
| Q3 25 | $837.0M | $24.7M | ||
| Q2 25 | $608.4M | $24.8M | ||
| Q1 25 | $487.9M | $13.5M | ||
| Q4 24 | $564.9M | $20.7M | ||
| Q3 24 | $902.2M | $27.1M | ||
| Q2 24 | $651.7M | $26.2M |
毛利率AZOCNXN
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 19.3% | ||
| Q3 25 | 51.5% | 19.6% | ||
| Q2 25 | 52.7% | 18.1% | ||
| Q1 25 | 53.9% | 18.2% | ||
| Q4 24 | 53.0% | 18.3% | ||
| Q3 24 | 52.5% | 18.7% | ||
| Q2 24 | 53.5% | 18.5% |
营业利润率AZOCNXN
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 3.4% | ||
| Q3 25 | 19.2% | 4.3% | ||
| Q2 25 | 19.4% | 4.1% | ||
| Q1 25 | 17.9% | 2.1% | ||
| Q4 24 | 19.7% | 3.2% | ||
| Q3 24 | 20.9% | 4.1% | ||
| Q2 24 | 21.3% | 4.2% |
净利率AZOCNXN
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 2.9% | ||
| Q3 25 | 13.4% | 3.5% | ||
| Q2 25 | 13.6% | 3.3% | ||
| Q1 25 | 12.3% | 1.9% | ||
| Q4 24 | 13.2% | 2.9% | ||
| Q3 24 | 14.5% | 3.7% | ||
| Q2 24 | 15.4% | 3.6% |
每股收益（稀释后）AZOCNXN
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.82 | ||
| Q3 25 | $48.70 | $0.97 | ||
| Q2 25 | $35.36 | $0.97 | ||
| Q1 25 | $28.29 | $0.51 | ||
| Q4 24 | $32.52 | $0.78 | ||
| Q3 24 | $51.42 | $1.02 | ||
| Q2 24 | $36.69 | $0.99 |
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 | $406.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $910.1M |
| 总资产 | $20.4B | $1.4B |
| 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AZOCNXN
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $406.7M | ||
| Q3 25 | $271.8M | $399.2M | ||
| Q2 25 | $268.6M | $346.1M | ||
| Q1 25 | $300.9M | $340.3M | ||
| Q4 24 | $304.0M | $442.6M | ||
| Q3 24 | $298.2M | $429.1M | ||
| Q2 24 | $275.4M | $385.8M |
股东权益AZOCNXN
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $910.1M | ||
| Q3 25 | $-3.4B | $902.7M | ||
| Q2 25 | $-4.0B | $884.8M | ||
| Q1 25 | $-4.5B | $877.0M | ||
| Q4 24 | $-4.7B | $911.0M | ||
| Q3 24 | $-4.7B | $897.4M | ||
| Q2 24 | $-4.8B | $874.9M |
总资产AZOCNXN
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $1.4B | ||
| Q3 25 | $19.4B | $1.3B | ||
| Q2 25 | $18.6B | $1.3B | ||
| Q1 25 | $18.1B | $1.2B | ||
| Q4 24 | $17.5B | $1.3B | ||
| Q3 24 | $17.2B | $1.3B | ||
| Q2 24 | $17.1B | $1.3B |
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 | $27.4M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $25.2M |
| 自由现金流率自由现金流/营收 | 0.8% | 3.6% |
| 资本支出强度资本支出/营收 | 7.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.80× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $58.0M |
8季度趋势，按日历期对齐
经营现金流AZOCNXN
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $27.4M | ||
| Q3 25 | $952.8M | $64.1M | ||
| Q2 25 | $769.0M | $26.3M | ||
| Q1 25 | $583.7M | $-52.4M | ||
| Q4 24 | $811.8M | $25.2M | ||
| Q3 24 | $1.1B | $52.9M | ||
| Q2 24 | $669.5M | $38.4M |
自由现金流AZOCNXN
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $25.2M | ||
| Q3 25 | $511.1M | $62.3M | ||
| Q2 25 | $423.1M | $24.6M | ||
| Q1 25 | $291.0M | $-54.1M | ||
| Q4 24 | $564.8M | $22.9M | ||
| Q3 24 | $723.5M | $51.2M | ||
| Q2 24 | $434.4M | $36.6M |
自由现金流率AZOCNXN
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 3.6% | ||
| Q3 25 | 8.2% | 8.8% | ||
| Q2 25 | 9.5% | 3.2% | ||
| Q1 25 | 7.4% | -7.7% | ||
| Q4 24 | 13.2% | 3.2% | ||
| Q3 24 | 11.7% | 7.1% | ||
| Q2 24 | 10.3% | 5.0% |
资本支出强度AZOCNXN
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 0.3% | ||
| Q3 25 | 7.1% | 0.3% | ||
| Q2 25 | 7.7% | 0.2% | ||
| Q1 25 | 7.4% | 0.2% | ||
| Q4 24 | 5.8% | 0.3% | ||
| Q3 24 | 5.6% | 0.2% | ||
| Q2 24 | 5.6% | 0.2% |
现金转化率AZOCNXN
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 1.32× | ||
| Q3 25 | 1.14× | 2.59× | ||
| Q2 25 | 1.26× | 1.06× | ||
| Q1 25 | 1.20× | -3.89× | ||
| Q4 24 | 1.44× | 1.22× | ||
| Q3 24 | 1.19× | 1.96× | ||
| Q2 24 | 1.03× | 1.47× |
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
CNXN
| Small And Medium Sized Businesses Segment | $273.5M | 39% |
| Notebooks And Mobility | $108.6M | 15% |
| Public Sector | $90.8M | 13% |
| Accessories | $46.4M | 7% |
| Desktops | $44.5M | 6% |
| Displays And Sounds | $37.1M | 5% |
| Software | $32.3M | 5% |
| Other Hardware And Services | $30.7M | 4% |
| Net And Com | $21.4M | 3% |
| Servers And Storage | $17.6M | 3% |
