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AutoZone（AZO）与Hilton Grand Vacations Inc.（HGV）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Hilton Grand Vacations Inc.的3.6倍（$4.3B vs $1.2B）。AutoZone净利率更高（11.0% vs 4.0%，领先6.9%）。AutoZone同比增速更快（8.1% vs 3.7%）。Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $35.6M）。过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% 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。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
AZO vs HGV — 直观对比
营收规模更大
AZO
是对方的3.6倍
$1.2B
营收增速更快
AZO
高出4.4%
3.7%
净利率更高
AZO
高出6.9%
4.0%
自由现金流更多
HGV
多$111.4M
$35.6M
两年增速更快
HGV
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $1.2B |
| 净利润 | $468.9M | $48.0M |
| 毛利率 | 52.5% | — |
| 营业利润率 | 16.3% | 7.8% |
| 净利率 | 11.0% | 4.0% |
| 营收同比 | 8.1% | 3.7% |
| 净利润同比 | -3.9% | 140.0% |
| 每股收益（稀释后） | $27.63 | $0.53 |
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AZOHGV
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $1.2B | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.0B | $1.0B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $6.2B | $1.2B | ||
| Q2 24 | $4.2B | $1.1B |
净利润AZOHGV
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $48.0M | ||
| Q3 25 | $837.0M | $25.0M | ||
| Q2 25 | $608.4M | $25.0M | ||
| Q1 25 | $487.9M | $-17.0M | ||
| Q4 24 | $564.9M | $20.0M | ||
| Q3 24 | $902.2M | $29.0M | ||
| Q2 24 | $651.7M | $2.0M |
毛利率AZOHGV
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | — | ||
| Q3 25 | 51.5% | — | ||
| Q2 25 | 52.7% | — | ||
| Q1 25 | 53.9% | — | ||
| Q4 24 | 53.0% | — | ||
| Q3 24 | 52.5% | — | ||
| Q2 24 | 53.5% | — |
营业利润率AZOHGV
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 7.8% | ||
| Q3 25 | 19.2% | 3.9% | ||
| Q2 25 | 19.4% | 3.8% | ||
| Q1 25 | 17.9% | -0.6% | ||
| Q4 24 | 19.7% | 4.3% | ||
| Q3 24 | 20.9% | 7.9% | ||
| Q2 24 | 21.3% | 0.6% |
净利率AZOHGV
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 4.0% | ||
| Q3 25 | 13.4% | 2.1% | ||
| Q2 25 | 13.6% | 2.2% | ||
| Q1 25 | 12.3% | -1.7% | ||
| Q4 24 | 13.2% | 1.7% | ||
| Q3 24 | 14.5% | 2.5% | ||
| Q2 24 | 15.4% | 0.2% |
每股收益（稀释后）AZOHGV
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.53 | ||
| Q3 25 | $48.70 | $0.28 | ||
| Q2 25 | $35.36 | $0.25 | ||
| Q1 25 | $28.29 | $-0.17 | ||
| Q4 24 | $32.52 | $0.19 | ||
| Q3 24 | $51.42 | $0.28 | ||
| Q2 24 | $36.69 | $0.02 |
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 | $239.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $-2.9B | $1.3B |
| 总资产 | $20.4B | $11.5B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资AZOHGV
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $239.0M | ||
| Q3 25 | $271.8M | $215.0M | ||
| Q2 25 | $268.6M | $269.0M | ||
| Q1 25 | $300.9M | $259.0M | ||
| Q4 24 | $304.0M | $328.0M | ||
| Q3 24 | $298.2M | $297.0M | ||
| Q2 24 | $275.4M | $328.0M |
总债务AZOHGV
| Q1 26 | — | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $4.9B |
股东权益AZOHGV
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $1.3B | ||
| Q3 25 | $-3.4B | $1.4B | ||
| Q2 25 | $-4.0B | $1.5B | ||
| Q1 25 | $-4.5B | $1.6B | ||
| Q4 24 | $-4.7B | $1.8B | ||
| Q3 24 | $-4.7B | $1.8B | ||
| Q2 24 | $-4.8B | $1.9B |
总资产AZOHGV
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $11.5B | ||
| Q3 25 | $19.4B | $11.7B | ||
| Q2 25 | $18.6B | $11.7B | ||
| Q1 25 | $18.1B | $11.8B | ||
| Q4 24 | $17.5B | $11.4B | ||
| Q3 24 | $17.2B | $11.2B | ||
| Q2 24 | $17.1B | $11.5B |
负债/权益比AZOHGV
| Q1 26 | — | — | ||
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.41× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | — | 2.83× | ||
| Q4 24 | — | 2.63× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | — | 2.55× |
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 | $167.0M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $147.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 12.3% |
| 资本支出强度资本支出/营收 | 7.9% | 1.7% |
| 现金转化率经营现金流/净利润 | 0.80× | 3.48× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $230.0M |
8季度趋势，按日历期对齐
经营现金流AZOHGV
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $167.0M | ||
| Q3 25 | $952.8M | $34.0M | ||
| Q2 25 | $769.0M | $61.0M | ||
| Q1 25 | $583.7M | $38.0M | ||
| Q4 24 | $811.8M | $105.0M | ||
| Q3 24 | $1.1B | $91.0M | ||
| Q2 24 | $669.5M | $113.0M |
自由现金流AZOHGV
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $147.0M | ||
| Q3 25 | $511.1M | $13.0M | ||
| Q2 25 | $423.1M | $46.0M | ||
| Q1 25 | $291.0M | $24.0M | ||
| Q4 24 | $564.8M | $90.0M | ||
| Q3 24 | $723.5M | $81.0M | ||
| Q2 24 | $434.4M | $106.0M |
自由现金流率AZOHGV
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 12.3% | ||
| Q3 25 | 8.2% | 1.1% | ||
| Q2 25 | 9.5% | 4.0% | ||
| Q1 25 | 7.4% | 2.4% | ||
| Q4 24 | 13.2% | 7.8% | ||
| Q3 24 | 11.7% | 6.9% | ||
| Q2 24 | 10.3% | 9.6% |
资本支出强度AZOHGV
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 1.7% | ||
| Q3 25 | 7.1% | 1.8% | ||
| Q2 25 | 7.7% | 1.3% | ||
| Q1 25 | 7.4% | 1.4% | ||
| Q4 24 | 5.8% | 1.3% | ||
| Q3 24 | 5.6% | 0.9% | ||
| Q2 24 | 5.6% | 0.6% |
现金转化率AZOHGV
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 3.48× | ||
| Q3 25 | 1.14× | 1.36× | ||
| Q2 25 | 1.26× | 2.44× | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.44× | 5.25× | ||
| Q3 24 | 1.19× | 3.14× | ||
| Q2 24 | 1.03× | 56.50× |
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
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Interest Income Revenue | $125.0M | 10% |
| Resort Management | $118.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
