vs
AutoZone（AZO）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是AutoZone的1.1倍（$4.7B vs $4.3B）。AutoZone净利率更高（11.0% vs 0.2%，领先10.7%）。AutoZone同比增速更快（8.1% vs -0.6%）。AutoZone自由现金流更多（$35.6M vs $-101.0M）。过去两年AutoZone的营收复合增速更高（0.5% vs -23.8%）
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。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
AZO vs M — 直观对比
营收规模更大
M
是对方的1.1倍
$4.3B
营收增速更快
AZO
高出8.8%
-0.6%
净利率更高
AZO
高出10.7%
0.2%
自由现金流更多
AZO
多$136.6M
$-101.0M
两年增速更快
AZO
近两年复合增速
-23.8%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.7B |
| 净利润 | $468.9M | $11.0M |
| 毛利率 | 52.5% | 39.4% |
| 营业利润率 | 16.3% | 0.9% |
| 净利率 | 11.0% | 0.2% |
| 营收同比 | 8.1% | -0.6% |
| 净利润同比 | -3.9% | -60.7% |
| 每股收益（稀释后） | $27.63 | $0.04 |
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AZOM
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $4.7B | ||
| Q3 25 | $6.2B | $4.8B | ||
| Q2 25 | $4.5B | $4.6B | ||
| Q1 25 | $4.0B | $7.8B | ||
| Q4 24 | $4.3B | $4.7B | ||
| Q3 24 | $6.2B | $4.9B | ||
| Q2 24 | $4.2B | $4.8B |
净利润AZOM
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $11.0M | ||
| Q3 25 | $837.0M | $87.0M | ||
| Q2 25 | $608.4M | $38.0M | ||
| Q1 25 | $487.9M | $342.0M | ||
| Q4 24 | $564.9M | $28.0M | ||
| Q3 24 | $902.2M | $150.0M | ||
| Q2 24 | $651.7M | $62.0M |
毛利率AZOM
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 39.4% | ||
| Q3 25 | 51.5% | 39.7% | ||
| Q2 25 | 52.7% | 39.2% | ||
| Q1 25 | 53.9% | 35.7% | ||
| Q4 24 | 53.0% | 39.6% | ||
| Q3 24 | 52.5% | 40.5% | ||
| Q2 24 | 53.5% | 39.2% |
营业利润率AZOM
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 0.9% | ||
| Q3 25 | 19.2% | 3.1% | ||
| Q2 25 | 19.4% | 2.0% | ||
| Q1 25 | 17.9% | 6.4% | ||
| Q4 24 | 19.7% | 1.3% | ||
| Q3 24 | 20.9% | 4.5% | ||
| Q2 24 | 21.3% | 2.6% |
净利率AZOM
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 0.2% | ||
| Q3 25 | 13.4% | 1.8% | ||
| Q2 25 | 13.6% | 0.8% | ||
| Q1 25 | 12.3% | 4.4% | ||
| Q4 24 | 13.2% | 0.6% | ||
| Q3 24 | 14.5% | 3.0% | ||
| Q2 24 | 15.4% | 1.3% |
每股收益（稀释后）AZOM
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.04 | ||
| Q3 25 | $48.70 | $0.31 | ||
| Q2 25 | $35.36 | $0.13 | ||
| Q1 25 | $28.29 | $1.22 | ||
| Q4 24 | $32.52 | $0.10 | ||
| Q3 24 | $51.42 | $0.53 | ||
| Q2 24 | $36.69 | $0.22 |
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 | $447.0M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $-2.9B | $4.3B |
| 总资产 | $20.4B | $17.1B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资AZOM
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $447.0M | ||
| Q3 25 | $271.8M | $829.0M | ||
| Q2 25 | $268.6M | $932.0M | ||
| Q1 25 | $300.9M | $1.3B | ||
| Q4 24 | $304.0M | $315.0M | ||
| Q3 24 | $298.2M | $646.0M | ||
| Q2 24 | $275.4M | $876.0M |
总债务AZOM
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B |
股东权益AZOM
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $4.3B | ||
| Q3 25 | $-3.4B | $4.5B | ||
| Q2 25 | $-4.0B | $4.5B | ||
| Q1 25 | $-4.5B | $4.6B | ||
| Q4 24 | $-4.7B | $4.1B | ||
| Q3 24 | $-4.7B | $4.3B | ||
| Q2 24 | $-4.8B | $4.2B |
总资产AZOM
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $17.1B | ||
| Q3 25 | $19.4B | $15.6B | ||
| Q2 25 | $18.6B | $16.1B | ||
| Q1 25 | $18.1B | $16.4B | ||
| Q4 24 | $17.5B | $17.3B | ||
| Q3 24 | $17.2B | $15.8B | ||
| Q2 24 | $17.1B | $16.4B |
负债/权益比AZOM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.72× |
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 | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $-101.0M |
| 自由现金流率自由现金流/营收 | 0.8% | -2.1% |
| 资本支出强度资本支出/营收 | 7.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.80× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.2B |
8季度趋势，按日历期对齐
经营现金流AZOM
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $-8.0M | ||
| Q3 25 | $952.8M | $319.0M | ||
| Q2 25 | $769.0M | $-64.0M | ||
| Q1 25 | $583.7M | $1.3B | ||
| Q4 24 | $811.8M | $-167.0M | ||
| Q3 24 | $1.1B | $8.0M | ||
| Q2 24 | $669.5M | $129.0M |
自由现金流AZOM
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $-101.0M | ||
| Q3 25 | $511.1M | $240.0M | ||
| Q2 25 | $423.1M | $-164.0M | ||
| Q1 25 | $291.0M | $1.2B | ||
| Q4 24 | $564.8M | $-295.0M | ||
| Q3 24 | $723.5M | $-109.0M | ||
| Q2 24 | $434.4M | $-25.0M |
自由现金流率AZOM
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | -2.1% | ||
| Q3 25 | 8.2% | 5.0% | ||
| Q2 25 | 9.5% | -3.6% | ||
| Q1 25 | 7.4% | 15.3% | ||
| Q4 24 | 13.2% | -6.2% | ||
| Q3 24 | 11.7% | -2.2% | ||
| Q2 24 | 10.3% | -0.5% |
资本支出强度AZOM
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 2.0% | ||
| Q3 25 | 7.1% | 1.6% | ||
| Q2 25 | 7.7% | 2.2% | ||
| Q1 25 | 7.4% | 1.5% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 5.6% | 2.4% | ||
| Q2 24 | 5.6% | 3.2% |
现金转化率AZOM
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | -0.73× | ||
| Q3 25 | 1.14× | 3.67× | ||
| Q2 25 | 1.26× | -1.68× | ||
| Q1 25 | 1.20× | 3.82× | ||
| Q4 24 | 1.44× | -5.96× | ||
| Q3 24 | 1.19× | 0.05× | ||
| Q2 24 | 1.03× | 2.08× |
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
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
