vs
AutoZone（AZO）与利安德巴塞尔（LYB）财务数据对比。点击上方公司名可切换其他公司
利安德巴塞尔的季度营收约是AutoZone的1.7倍（$7.1B vs $4.3B），AutoZone净利率更高（11.0% vs -2.0%，领先12.9%），AutoZone同比增速更快（8.1% vs -25.3%），利安德巴塞尔自由现金流更多（$1.1B vs $35.6M），过去两年AutoZone的营收复合增速更高（0.5% vs -15.5%）
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。
利安德巴塞尔是跨国化工巨头，注册地位于荷兰，美国业务总部设在得克萨斯州休斯敦，在英国伦敦设有办事处。作为全球最大的聚乙烯、聚丙烯技术授权商，公司还生产乙烯、丙烯、聚烯烃、氧化燃料等各类化工产品。
AZO vs LYB — 直观对比
营收规模更大
LYB
是对方的1.7倍
$4.3B
营收增速更快
AZO
高出33.5%
-25.3%
净利率更高
AZO
高出12.9%
-2.0%
自由现金流更多
LYB
多$1.0B
$35.6M
两年增速更快
AZO
近两年复合增速
-15.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $7.1B |
| 净利润 | $468.9M | $-140.0M |
| 毛利率 | 52.5% | 4.7% |
| 营业利润率 | 16.3% | -1.2% |
| 净利率 | 11.0% | -2.0% |
| 营收同比 | 8.1% | -25.3% |
| 净利润同比 | -3.9% | 76.8% |
| 每股收益（稀释后） | $27.63 | $-0.45 |
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AZOLYB
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $7.1B | ||
| Q3 25 | $6.2B | $7.7B | ||
| Q2 25 | $4.5B | $7.7B | ||
| Q1 25 | $4.0B | $7.7B | ||
| Q4 24 | $4.3B | $9.5B | ||
| Q3 24 | $6.2B | $10.3B | ||
| Q2 24 | $4.2B | $10.6B |
净利润AZOLYB
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $-140.0M | ||
| Q3 25 | $837.0M | $-890.0M | ||
| Q2 25 | $608.4M | $115.0M | ||
| Q1 25 | $487.9M | $177.0M | ||
| Q4 24 | $564.9M | $-603.0M | ||
| Q3 24 | $902.2M | $573.0M | ||
| Q2 24 | $651.7M | $924.0M |
毛利率AZOLYB
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 4.7% | ||
| Q3 25 | 51.5% | 11.7% | ||
| Q2 25 | 52.7% | 10.3% | ||
| Q1 25 | 53.9% | 7.2% | ||
| Q4 24 | 53.0% | 7.9% | ||
| Q3 24 | 52.5% | 12.0% | ||
| Q2 24 | 53.5% | 13.4% |
营业利润率AZOLYB
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | -1.2% | ||
| Q3 25 | 19.2% | -9.5% | ||
| Q2 25 | 19.4% | 3.7% | ||
| Q1 25 | 17.9% | 1.5% | ||
| Q4 24 | 19.7% | -6.9% | ||
| Q3 24 | 20.9% | 7.8% | ||
| Q2 24 | 21.3% | 9.2% |
净利率AZOLYB
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | -2.0% | ||
| Q3 25 | 13.4% | -11.5% | ||
| Q2 25 | 13.6% | 1.5% | ||
| Q1 25 | 12.3% | 2.3% | ||
| Q4 24 | 13.2% | -6.3% | ||
| Q3 24 | 14.5% | 5.6% | ||
| Q2 24 | 15.4% | 8.8% |
每股收益（稀释后）AZOLYB
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $-0.45 | ||
| Q3 25 | $48.70 | $-2.77 | ||
| Q2 25 | $35.36 | $0.34 | ||
| Q1 25 | $28.29 | $0.54 | ||
| Q4 24 | $32.52 | $-1.86 | ||
| Q3 24 | $51.42 | $1.75 | ||
| Q2 24 | $36.69 | $2.82 |
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 | $5.5B |
| 总债务越低越好 | — | $12.1B |
| 股东权益账面价值 | $-2.9B | $10.1B |
| 总资产 | $20.4B | $34.0B |
| 负债/权益比越低杠杆越低 | — | 1.20× |
8季度趋势，按日历期对齐
现金及短期投资AZOLYB
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $5.5B | ||
| Q3 25 | $271.8M | $2.5B | ||
| Q2 25 | $268.6M | $2.5B | ||
| Q1 25 | $300.9M | $3.0B | ||
| Q4 24 | $304.0M | $6.0B | ||
| Q3 24 | $298.2M | $4.3B | ||
| Q2 24 | $275.4M | $4.7B |
总债务AZOLYB
| Q1 26 | — | — | ||
| Q4 25 | — | $12.1B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | — | $10.5B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $11.0B |
股东权益AZOLYB
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $10.1B | ||
| Q3 25 | $-3.4B | $10.6B | ||
| Q2 25 | $-4.0B | $11.9B | ||
| Q1 25 | $-4.5B | $12.2B | ||
| Q4 24 | $-4.7B | $12.5B | ||
| Q3 24 | $-4.7B | $13.7B | ||
| Q2 24 | $-4.8B | $13.4B |
总资产AZOLYB
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $34.0B | ||
| Q3 25 | $19.4B | $33.8B | ||
| Q2 25 | $18.6B | $35.4B | ||
| Q1 25 | $18.1B | $35.2B | ||
| Q4 24 | $17.5B | $35.7B | ||
| Q3 24 | $17.2B | $37.3B | ||
| Q2 24 | $17.1B | $37.1B |
负债/权益比AZOLYB
| Q1 26 | — | — | ||
| Q4 25 | — | 1.20× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.82× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $1.1B |
| 自由现金流率自由现金流/营收 | 0.8% | 14.9% |
| 资本支出强度资本支出/营收 | 7.9% | 6.3% |
| 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 | $384.0M |
8季度趋势，按日历期对齐
经营现金流AZOLYB
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $1.5B | ||
| Q3 25 | $952.8M | $983.0M | ||
| Q2 25 | $769.0M | $351.0M | ||
| Q1 25 | $583.7M | $-579.0M | ||
| Q4 24 | $811.8M | $1.9B | ||
| Q3 24 | $1.1B | $670.0M | ||
| Q2 24 | $669.5M | $1.3B |
自由现金流AZOLYB
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $1.1B | ||
| Q3 25 | $511.1M | $577.0M | ||
| Q2 25 | $423.1M | $-188.0M | ||
| Q1 25 | $291.0M | $-1.1B | ||
| Q4 24 | $564.8M | $1.4B | ||
| Q3 24 | $723.5M | $302.0M | ||
| Q2 24 | $434.4M | $864.0M |
自由现金流率AZOLYB
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 14.9% | ||
| Q3 25 | 8.2% | 7.5% | ||
| Q2 25 | 9.5% | -2.5% | ||
| Q1 25 | 7.4% | -13.8% | ||
| Q4 24 | 13.2% | 14.9% | ||
| Q3 24 | 11.7% | 2.9% | ||
| Q2 24 | 10.3% | 8.2% |
资本支出强度AZOLYB
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 6.3% | ||
| Q3 25 | 7.1% | 5.3% | ||
| Q2 25 | 7.7% | 7.0% | ||
| Q1 25 | 7.4% | 6.3% | ||
| Q4 24 | 5.8% | 5.3% | ||
| Q3 24 | 5.6% | 3.6% | ||
| Q2 24 | 5.6% | 4.6% |
现金转化率AZOLYB
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.26× | 3.05× | ||
| Q1 25 | 1.20× | -3.27× | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 1.19× | 1.17× | ||
| Q2 24 | 1.03× | 1.46× |
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
LYB
| Polypropylene | $1.3B | 18% |
| Oxyfuels And Related Products | $1.3B | 18% |
| Olefins And Co Products | $1.1B | 15% |
| Advanced Polymer Solutions | $774.0M | 11% |
| Po And Derivatives | $497.0M | 7% |
| Other | $492.0M | 7% |
| DE | $440.0M | 6% |
| MX | $353.0M | 5% |
| Intermediate Chemicals | $341.0M | 5% |
| Discontinued Operations Disposed Of By Means Other Than Sale | $265.0M | 4% |
| Other Products | $199.0M | 3% |
| Related Party | $126.0M | 2% |
