vs
AutoZone（AZO）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的4.4倍（$4.3B vs $965.7M）。AutoZone净利率更高（11.0% vs 5.4%，领先5.6%）。AutoZone同比增速更快（8.1% vs 4.0%）。AutoZone自由现金流更多（$35.6M vs $7.4M）。过去两年MSC INDUSTRIAL DIRECT CO INC的营收复合增速更高（0.6% 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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
AZO vs MSM — 直观对比
营收规模更大
AZO
是对方的4.4倍
$965.7M
营收增速更快
AZO
高出4.1%
4.0%
净利率更高
AZO
高出5.6%
5.4%
自由现金流更多
AZO
多$28.2M
$7.4M
两年增速更快
MSM
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $965.7M |
| 净利润 | $468.9M | $51.8M |
| 毛利率 | 52.5% | 40.7% |
| 营业利润率 | 16.3% | 7.9% |
| 净利率 | 11.0% | 5.4% |
| 营收同比 | 8.1% | 4.0% |
| 净利润同比 | -3.9% | 11.1% |
| 每股收益（稀释后） | $27.63 | $0.93 |
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AZOMSM
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $965.7M | ||
| Q3 25 | $6.2B | $978.2M | ||
| Q2 25 | $4.5B | $971.1M | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.3B | $928.5M | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $4.2B | $979.4M |
净利润AZOMSM
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $51.8M | ||
| Q3 25 | $837.0M | $56.5M | ||
| Q2 25 | $608.4M | $56.8M | ||
| Q1 25 | $487.9M | — | ||
| Q4 24 | $564.9M | $46.6M | ||
| Q3 24 | $902.2M | — | ||
| Q2 24 | $651.7M | $71.7M |
毛利率AZOMSM
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 40.7% | ||
| Q3 25 | 51.5% | 40.4% | ||
| Q2 25 | 52.7% | 41.0% | ||
| Q1 25 | 53.9% | — | ||
| Q4 24 | 53.0% | 40.7% | ||
| Q3 24 | 52.5% | — | ||
| Q2 24 | 53.5% | 40.9% |
营业利润率AZOMSM
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 7.9% | ||
| Q3 25 | 19.2% | 8.6% | ||
| Q2 25 | 19.4% | 8.5% | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 19.7% | 7.8% | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 21.3% | 10.9% |
净利率AZOMSM
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 5.4% | ||
| Q3 25 | 13.4% | 5.8% | ||
| Q2 25 | 13.6% | 5.9% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 13.2% | 5.0% | ||
| Q3 24 | 14.5% | — | ||
| Q2 24 | 15.4% | 7.3% |
每股收益（稀释后）AZOMSM
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.93 | ||
| Q3 25 | $48.70 | $1.02 | ||
| Q2 25 | $35.36 | $1.02 | ||
| Q1 25 | $28.29 | — | ||
| Q4 24 | $32.52 | $0.83 | ||
| Q3 24 | $51.42 | — | ||
| Q2 24 | $36.69 | $1.27 |
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 | $40.3M |
| 总债务越低越好 | — | $214.1M |
| 股东权益账面价值 | $-2.9B | $1.4B |
| 总资产 | $20.4B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AZOMSM
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $40.3M | ||
| Q3 25 | $271.8M | $56.2M | ||
| Q2 25 | $268.6M | $71.7M | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $304.0M | $57.3M | ||
| Q3 24 | $298.2M | — | ||
| Q2 24 | $275.4M | $25.9M |
总债务AZOMSM
| Q1 26 | — | — | ||
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M |
股东权益AZOMSM
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $1.4B | ||
| Q3 25 | $-3.4B | $1.4B | ||
| Q2 25 | $-4.0B | $1.4B | ||
| Q1 25 | $-4.5B | — | ||
| Q4 24 | $-4.7B | $1.4B | ||
| Q3 24 | $-4.7B | — | ||
| Q2 24 | $-4.8B | $1.4B |
总资产AZOMSM
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $2.5B | ||
| Q3 25 | $19.4B | $2.5B | ||
| Q2 25 | $18.6B | $2.5B | ||
| Q1 25 | $18.1B | — | ||
| Q4 24 | $17.5B | $2.5B | ||
| Q3 24 | $17.2B | — | ||
| Q2 24 | $17.1B | $2.5B |
负债/权益比AZOMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $7.4M |
| 自由现金流率自由现金流/营收 | 0.8% | 0.8% |
| 资本支出强度资本支出/营收 | 7.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.80× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流AZOMSM
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $29.4M | ||
| Q3 25 | $952.8M | — | ||
| Q2 25 | $769.0M | — | ||
| Q1 25 | $583.7M | — | ||
| Q4 24 | $811.8M | $101.9M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $669.5M | $143.5M |
自由现金流AZOMSM
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $7.4M | ||
| Q3 25 | $511.1M | — | ||
| Q2 25 | $423.1M | — | ||
| Q1 25 | $291.0M | — | ||
| Q4 24 | $564.8M | $81.7M | ||
| Q3 24 | $723.5M | — | ||
| Q2 24 | $434.4M | $114.0M |
自由现金流率AZOMSM
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 0.8% | ||
| Q3 25 | 8.2% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 13.2% | 8.8% | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.3% | 11.6% |
资本支出强度AZOMSM
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 2.3% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 5.8% | 2.2% | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 5.6% | 3.0% |
现金转化率AZOMSM
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 0.57× | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.44× | 2.18× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.03× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
