vs
AutoZone（AZO）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
AutoZone的季度营收约是佳明的2.0倍（$4.3B vs $2.1B）。佳明净利率更高（24.9% vs 11.0%，领先13.9%）。佳明同比增速更快（16.6% vs 8.1%）。佳明自由现金流更多（$429.6M vs $35.6M）。过去两年佳明的营收复合增速更高（24.0% 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。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
AZO vs GRMN — 直观对比
营收规模更大
AZO
是对方的2.0倍
$2.1B
营收增速更快
GRMN
高出8.4%
8.1%
净利率更高
GRMN
高出13.9%
11.0%
自由现金流更多
GRMN
多$394.0M
$35.6M
两年增速更快
GRMN
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 | $528.7M |
| 毛利率 | 52.5% | 59.2% |
| 营业利润率 | 16.3% | 28.9% |
| 净利率 | 11.0% | 24.9% |
| 营收同比 | 8.1% | 16.6% |
| 净利润同比 | -3.9% | 21.3% |
| 每股收益（稀释后） | $27.63 | $2.72 |
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AZOGRMN
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $2.1B | ||
| Q3 25 | $6.2B | $1.8B | ||
| Q2 25 | $4.5B | $1.8B | ||
| Q1 25 | $4.0B | $1.5B | ||
| Q4 24 | $4.3B | $1.8B | ||
| Q3 24 | $6.2B | $1.6B | ||
| Q2 24 | $4.2B | $1.5B |
净利润AZOGRMN
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $528.7M | ||
| Q3 25 | $837.0M | $401.6M | ||
| Q2 25 | $608.4M | $400.8M | ||
| Q1 25 | $487.9M | $332.8M | ||
| Q4 24 | $564.9M | $435.7M | ||
| Q3 24 | $902.2M | $399.1M | ||
| Q2 24 | $651.7M | $300.6M |
毛利率AZOGRMN
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 59.2% | ||
| Q3 25 | 51.5% | 59.1% | ||
| Q2 25 | 52.7% | 58.8% | ||
| Q1 25 | 53.9% | 57.6% | ||
| Q4 24 | 53.0% | 59.3% | ||
| Q3 24 | 52.5% | 60.0% | ||
| Q2 24 | 53.5% | 57.3% |
营业利润率AZOGRMN
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 28.9% | ||
| Q3 25 | 19.2% | 25.8% | ||
| Q2 25 | 19.4% | 26.0% | ||
| Q1 25 | 17.9% | 21.7% | ||
| Q4 24 | 19.7% | 28.3% | ||
| Q3 24 | 20.9% | 27.6% | ||
| Q2 24 | 21.3% | 22.7% |
净利率AZOGRMN
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 24.9% | ||
| Q3 25 | 13.4% | 22.7% | ||
| Q2 25 | 13.6% | 22.1% | ||
| Q1 25 | 12.3% | 21.7% | ||
| Q4 24 | 13.2% | 23.9% | ||
| Q3 24 | 14.5% | 25.2% | ||
| Q2 24 | 15.4% | 20.0% |
每股收益（稀释后）AZOGRMN
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $2.72 | ||
| Q3 25 | $48.70 | $2.08 | ||
| Q2 25 | $35.36 | $2.07 | ||
| Q1 25 | $28.29 | $1.72 | ||
| Q4 24 | $32.52 | $2.24 | ||
| Q3 24 | $51.42 | $2.07 | ||
| Q2 24 | $36.69 | $1.56 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $9.0B |
| 总资产 | $20.4B | $11.0B |
| 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AZOGRMN
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $2.3B | ||
| Q3 25 | $271.8M | $2.1B | ||
| Q2 25 | $268.6M | $2.1B | ||
| Q1 25 | $300.9M | $2.2B | ||
| Q4 24 | $304.0M | $2.1B | ||
| Q3 24 | $298.2M | $2.0B | ||
| Q2 24 | $275.4M | $1.9B |
股东权益AZOGRMN
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $9.0B | ||
| Q3 25 | $-3.4B | $8.5B | ||
| Q2 25 | $-4.0B | $8.1B | ||
| Q1 25 | $-4.5B | $8.2B | ||
| Q4 24 | $-4.7B | $7.8B | ||
| Q3 24 | $-4.7B | $7.5B | ||
| Q2 24 | $-4.8B | $7.0B |
总资产AZOGRMN
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $11.0B | ||
| Q3 25 | $19.4B | $10.5B | ||
| Q2 25 | $18.6B | $10.3B | ||
| Q1 25 | $18.1B | $9.8B | ||
| Q4 24 | $17.5B | $9.6B | ||
| Q3 24 | $17.2B | $9.3B | ||
| Q2 24 | $17.1B | $8.9B |
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 | $553.8M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $429.6M |
| 自由现金流率自由现金流/营收 | 0.8% | 20.2% |
| 资本支出强度资本支出/营收 | 7.9% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.80× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.4B |
8季度趋势，按日历期对齐
经营现金流AZOGRMN
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $553.8M | ||
| Q3 25 | $952.8M | $485.6M | ||
| Q2 25 | $769.0M | $173.2M | ||
| Q1 25 | $583.7M | $420.8M | ||
| Q4 24 | $811.8M | $483.9M | ||
| Q3 24 | $1.1B | $258.0M | ||
| Q2 24 | $669.5M | $255.3M |
自由现金流AZOGRMN
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $429.6M | ||
| Q3 25 | $511.1M | $425.1M | ||
| Q2 25 | $423.1M | $127.5M | ||
| Q1 25 | $291.0M | $380.7M | ||
| Q4 24 | $564.8M | $399.2M | ||
| Q3 24 | $723.5M | $219.4M | ||
| Q2 24 | $434.4M | $218.2M |
自由现金流率AZOGRMN
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 20.2% | ||
| Q3 25 | 8.2% | 24.0% | ||
| Q2 25 | 9.5% | 7.0% | ||
| Q1 25 | 7.4% | 24.8% | ||
| Q4 24 | 13.2% | 21.9% | ||
| Q3 24 | 11.7% | 13.8% | ||
| Q2 24 | 10.3% | 14.5% |
资本支出强度AZOGRMN
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 5.8% | ||
| Q3 25 | 7.1% | 3.4% | ||
| Q2 25 | 7.7% | 2.5% | ||
| Q1 25 | 7.4% | 2.6% | ||
| Q4 24 | 5.8% | 4.6% | ||
| Q3 24 | 5.6% | 2.4% | ||
| Q2 24 | 5.6% | 2.5% |
现金转化率AZOGRMN
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 1.05× | ||
| Q3 25 | 1.14× | 1.21× | ||
| Q2 25 | 1.26× | 0.43× | ||
| Q1 25 | 1.20× | 1.26× | ||
| Q4 24 | 1.44× | 1.11× | ||
| Q3 24 | 1.19× | 0.65× | ||
| Q2 24 | 1.03× | 0.85× |
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
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
