vs
AutoZone（AZO）与RH（RH）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RH的4.8倍（$4.3B vs $883.8M）。AutoZone净利率更高（11.0% vs 4.1%，领先6.9%）。RH同比增速更快（8.9% vs 8.1%）。RH自由现金流更多（$83.0M vs $35.6M）。过去两年RH的营收复合增速更高（9.4% 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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
AZO vs RH — 直观对比
营收规模更大
AZO
是对方的4.8倍
$883.8M
营收增速更快
RH
高出0.7%
8.1%
净利率更高
AZO
高出6.9%
4.1%
自由现金流更多
RH
多$47.4M
$35.6M
两年增速更快
RH
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $883.8M |
| 净利润 | $468.9M | $36.3M |
| 毛利率 | 52.5% | 44.1% |
| 营业利润率 | 16.3% | 12.0% |
| 净利率 | 11.0% | 4.1% |
| 营收同比 | 8.1% | 8.9% |
| 净利润同比 | -3.9% | 9.3% |
| 每股收益（稀释后） | $27.63 | $1.83 |
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AZORH
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $883.8M | ||
| Q3 25 | $6.2B | $899.2M | ||
| Q2 25 | $4.5B | $814.0M | ||
| Q1 25 | $4.0B | $812.4M | ||
| Q4 24 | $4.3B | $811.7M | ||
| Q3 24 | $6.2B | $829.7M | ||
| Q2 24 | $4.2B | $727.0M |
净利润AZORH
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $36.3M | ||
| Q3 25 | $837.0M | $51.7M | ||
| Q2 25 | $608.4M | $8.0M | ||
| Q1 25 | $487.9M | $13.9M | ||
| Q4 24 | $564.9M | $33.2M | ||
| Q3 24 | $902.2M | $29.0M | ||
| Q2 24 | $651.7M | $-3.6M |
毛利率AZORH
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 44.1% | ||
| Q3 25 | 51.5% | 45.5% | ||
| Q2 25 | 52.7% | 43.7% | ||
| Q1 25 | 53.9% | 44.7% | ||
| Q4 24 | 53.0% | 44.5% | ||
| Q3 24 | 52.5% | 45.2% | ||
| Q2 24 | 53.5% | 43.5% |
营业利润率AZORH
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 12.0% | ||
| Q3 25 | 19.2% | 14.3% | ||
| Q2 25 | 19.4% | 6.9% | ||
| Q1 25 | 17.9% | 8.7% | ||
| Q4 24 | 19.7% | 12.5% | ||
| Q3 24 | 20.9% | 11.6% | ||
| Q2 24 | 21.3% | 7.5% |
净利率AZORH
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 4.1% | ||
| Q3 25 | 13.4% | 5.8% | ||
| Q2 25 | 13.6% | 1.0% | ||
| Q1 25 | 12.3% | 1.7% | ||
| Q4 24 | 13.2% | 4.1% | ||
| Q3 24 | 14.5% | 3.5% | ||
| Q2 24 | 15.4% | -0.5% |
每股收益（稀释后）AZORH
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $1.83 | ||
| Q3 25 | $48.70 | $2.62 | ||
| Q2 25 | $35.36 | $0.40 | ||
| Q1 25 | $28.29 | $0.71 | ||
| Q4 24 | $32.52 | $1.66 | ||
| Q3 24 | $51.42 | $1.45 | ||
| Q2 24 | $36.69 | $-0.20 |
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 | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.9B | $3.3M |
| 总资产 | $20.4B | $4.8B |
| 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AZORH
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $43.1M | ||
| Q3 25 | $271.8M | $34.6M | ||
| Q2 25 | $268.6M | $46.1M | ||
| Q1 25 | $300.9M | $30.4M | ||
| Q4 24 | $304.0M | $87.0M | ||
| Q3 24 | $298.2M | $78.3M | ||
| Q2 24 | $275.4M | $101.8M |
股东权益AZORH
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $3.3M | ||
| Q3 25 | $-3.4B | $-40.9M | ||
| Q2 25 | $-4.0B | $-110.8M | ||
| Q1 25 | $-4.5B | $-163.6M | ||
| Q4 24 | $-4.7B | $-183.0M | ||
| Q3 24 | $-4.7B | $-234.7M | ||
| Q2 24 | $-4.8B | $-289.9M |
总资产AZORH
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $4.8B | ||
| Q3 25 | $19.4B | $4.7B | ||
| Q2 25 | $18.6B | $4.7B | ||
| Q1 25 | $18.1B | $4.6B | ||
| Q4 24 | $17.5B | $4.5B | ||
| Q3 24 | $17.2B | $4.4B | ||
| Q2 24 | $17.1B | $4.2B |
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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $83.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 9.4% |
| 资本支出强度资本支出/营收 | 7.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.80× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $128.1M |
8季度趋势，按日历期对齐
经营现金流AZORH
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $131.9M | ||
| Q3 25 | $952.8M | $137.7M | ||
| Q2 25 | $769.0M | $86.6M | ||
| Q1 25 | $583.7M | $-18.8M | ||
| Q4 24 | $811.8M | $-31.4M | ||
| Q3 24 | $1.1B | $11.2M | ||
| Q2 24 | $669.5M | $56.1M |
自由现金流AZORH
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $83.0M | ||
| Q3 25 | $511.1M | $80.7M | ||
| Q2 25 | $423.1M | $34.1M | ||
| Q1 25 | $291.0M | $-69.7M | ||
| Q4 24 | $564.8M | $-96.0M | ||
| Q3 24 | $723.5M | $-37.9M | ||
| Q2 24 | $434.4M | $-10.1M |
自由现金流率AZORH
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 9.4% | ||
| Q3 25 | 8.2% | 9.0% | ||
| Q2 25 | 9.5% | 4.2% | ||
| Q1 25 | 7.4% | -8.6% | ||
| Q4 24 | 13.2% | -11.8% | ||
| Q3 24 | 11.7% | -4.6% | ||
| Q2 24 | 10.3% | -1.4% |
资本支出强度AZORH
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 5.5% | ||
| Q3 25 | 7.1% | 6.3% | ||
| Q2 25 | 7.7% | 6.5% | ||
| Q1 25 | 7.4% | 6.3% | ||
| Q4 24 | 5.8% | 8.0% | ||
| Q3 24 | 5.6% | 5.9% | ||
| Q2 24 | 5.6% | 9.1% |
现金转化率AZORH
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 3.64× | ||
| Q3 25 | 1.14× | 2.66× | ||
| Q2 25 | 1.26× | 10.78× | ||
| Q1 25 | 1.20× | -1.35× | ||
| Q4 24 | 1.44× | -0.95× | ||
| Q3 24 | 1.19× | 0.39× | ||
| Q2 24 | 1.03× | — |
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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
