vs
AutoZone（AZO）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是AutoZone的1.6倍（$6.8B vs $4.3B），AutoZone净利率更高（11.0% vs 8.2%，领先2.8%），AutoZone同比增速更快（8.1% vs -13.7%），帕卡自由现金流更多（$954.4M vs $35.6M），过去两年AutoZone的营收复合增速更高（0.5% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
AZO vs PCAR — 直观对比
营收规模更大
PCAR
是对方的1.6倍
$4.3B
营收增速更快
AZO
高出21.9%
-13.7%
净利率更高
AZO
高出2.8%
8.2%
自由现金流更多
PCAR
多$918.8M
$35.6M
两年增速更快
AZO
近两年复合增速
-11.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $6.8B |
| 净利润 | $468.9M | $556.9M |
| 毛利率 | 52.5% | 19.3% |
| 营业利润率 | 16.3% | 10.3% |
| 净利率 | 11.0% | 8.2% |
| 营收同比 | 8.1% | -13.7% |
| 净利润同比 | -3.9% | -36.1% |
| 每股收益（稀释后） | $27.63 | $1.06 |
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AZOPCAR
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $6.8B | ||
| Q3 25 | $6.2B | $6.7B | ||
| Q2 25 | $4.5B | $7.5B | ||
| Q1 25 | $4.0B | $7.4B | ||
| Q4 24 | $4.3B | $7.9B | ||
| Q3 24 | $6.2B | $8.2B | ||
| Q2 24 | $4.2B | $8.8B |
净利润AZOPCAR
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $556.9M | ||
| Q3 25 | $837.0M | $590.0M | ||
| Q2 25 | $608.4M | $723.8M | ||
| Q1 25 | $487.9M | $505.1M | ||
| Q4 24 | $564.9M | $872.0M | ||
| Q3 24 | $902.2M | $972.1M | ||
| Q2 24 | $651.7M | $1.1B |
毛利率AZOPCAR
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 19.3% | ||
| Q3 25 | 51.5% | 19.9% | ||
| Q2 25 | 52.7% | 20.2% | ||
| Q1 25 | 53.9% | 20.8% | ||
| Q4 24 | 53.0% | 21.6% | ||
| Q3 24 | 52.5% | 22.0% | ||
| Q2 24 | 53.5% | 22.8% |
营业利润率AZOPCAR
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 10.3% | ||
| Q3 25 | 19.2% | 11.1% | ||
| Q2 25 | 19.4% | 12.4% | ||
| Q1 25 | 17.9% | 8.6% | ||
| Q4 24 | 19.7% | 14.5% | ||
| Q3 24 | 20.9% | 15.2% | ||
| Q2 24 | 21.3% | 16.7% |
净利率AZOPCAR
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 8.2% | ||
| Q3 25 | 13.4% | 8.8% | ||
| Q2 25 | 13.6% | 9.6% | ||
| Q1 25 | 12.3% | 6.8% | ||
| Q4 24 | 13.2% | 11.0% | ||
| Q3 24 | 14.5% | 11.8% | ||
| Q2 24 | 15.4% | 12.8% |
每股收益（稀释后）AZOPCAR
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $1.06 | ||
| Q3 25 | $48.70 | $1.12 | ||
| Q2 25 | $35.36 | $1.37 | ||
| Q1 25 | $28.29 | $0.96 | ||
| Q4 24 | $32.52 | $1.65 | ||
| Q3 24 | $51.42 | $1.85 | ||
| Q2 24 | $36.69 | $2.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $19.3B |
| 总资产 | $20.4B | $44.3B |
| 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AZOPCAR
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | — | ||
| Q3 25 | $271.8M | — | ||
| Q2 25 | $268.6M | — | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $304.0M | — | ||
| Q3 24 | $298.2M | — | ||
| Q2 24 | $275.4M | — |
股东权益AZOPCAR
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $19.3B | ||
| Q3 25 | $-3.4B | $19.4B | ||
| Q2 25 | $-4.0B | $18.9B | ||
| Q1 25 | $-4.5B | $18.0B | ||
| Q4 24 | $-4.7B | $17.5B | ||
| Q3 24 | $-4.7B | $18.7B | ||
| Q2 24 | $-4.8B | $17.7B |
总资产AZOPCAR
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $44.3B | ||
| Q3 25 | $19.4B | $44.2B | ||
| Q2 25 | $18.6B | $44.1B | ||
| Q1 25 | $18.1B | $42.7B | ||
| Q4 24 | $17.5B | $43.4B | ||
| Q3 24 | $17.2B | $43.3B | ||
| Q2 24 | $17.1B | $41.2B |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $954.4M |
| 自由现金流率自由现金流/营收 | 0.8% | 14.0% |
| 资本支出强度资本支出/营收 | 7.9% | 2.8% |
| 现金转化率经营现金流/净利润 | 0.80× | 2.05× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $3.7B |
8季度趋势，按日历期对齐
经营现金流AZOPCAR
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $1.1B | ||
| Q3 25 | $952.8M | $1.5B | ||
| Q2 25 | $769.0M | $833.4M | ||
| Q1 25 | $583.7M | $910.3M | ||
| Q4 24 | $811.8M | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $669.5M | $440.0M |
自由现金流AZOPCAR
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $954.4M | ||
| Q3 25 | $511.1M | $1.4B | ||
| Q2 25 | $423.1M | $611.3M | ||
| Q1 25 | $291.0M | $745.2M | ||
| Q4 24 | $564.8M | $1.2B | ||
| Q3 24 | $723.5M | $1.1B | ||
| Q2 24 | $434.4M | $219.7M |
自由现金流率AZOPCAR
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 14.0% | ||
| Q3 25 | 8.2% | 20.4% | ||
| Q2 25 | 9.5% | 8.1% | ||
| Q1 25 | 7.4% | 10.0% | ||
| Q4 24 | 13.2% | 15.3% | ||
| Q3 24 | 11.7% | 13.3% | ||
| Q2 24 | 10.3% | 2.5% |
资本支出强度AZOPCAR
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 2.8% | ||
| Q3 25 | 7.1% | 2.5% | ||
| Q2 25 | 7.7% | 3.0% | ||
| Q1 25 | 7.4% | 2.2% | ||
| Q4 24 | 5.8% | 3.0% | ||
| Q3 24 | 5.6% | 2.4% | ||
| Q2 24 | 5.6% | 2.5% |
现金转化率AZOPCAR
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 2.05× | ||
| Q3 25 | 1.14× | 2.59× | ||
| Q2 25 | 1.26× | 1.15× | ||
| Q1 25 | 1.20× | 1.80× | ||
| Q4 24 | 1.44× | 1.66× | ||
| Q3 24 | 1.19× | 1.32× | ||
| Q2 24 | 1.03× | 0.39× |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
