vs
AutoZone（AZO）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的12.9倍（$4.3B vs $331.3M）。AutoZone净利率更高（11.0% vs 0.0%，领先11.0%）。AutoZone同比增速更快（8.1% vs 2.2%）。AutoZone自由现金流更多（$35.6M vs $8.7M）。过去两年AutoZone的营收复合增速更高（0.5% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
AZO vs SPWH — 直观对比
营收规模更大
AZO
是对方的12.9倍
$331.3M
营收增速更快
AZO
高出6.0%
2.2%
净利率更高
AZO
高出11.0%
0.0%
自由现金流更多
AZO
多$26.9M
$8.7M
两年增速更快
AZO
近两年复合增速
-5.4%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $331.3M |
| 净利润 | $468.9M | $8.0K |
| 毛利率 | 52.5% | 32.8% |
| 营业利润率 | 16.3% | 1.3% |
| 净利率 | 11.0% | 0.0% |
| 营收同比 | 8.1% | 2.2% |
| 净利润同比 | -3.9% | -97.8% |
| 每股收益（稀释后） | $27.63 | $0.00 |
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AZOSPWH
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $331.3M | ||
| Q3 25 | $6.2B | $293.9M | ||
| Q2 25 | $4.5B | $249.1M | ||
| Q1 25 | $4.0B | $340.4M | ||
| Q4 24 | $4.3B | $324.3M | ||
| Q3 24 | $6.2B | $288.7M | ||
| Q2 24 | $4.2B | $244.2M |
净利润AZOSPWH
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $8.0K | ||
| Q3 25 | $837.0M | $-7.1M | ||
| Q2 25 | $608.4M | $-21.3M | ||
| Q1 25 | $487.9M | $-8.7M | ||
| Q4 24 | $564.9M | $-364.0K | ||
| Q3 24 | $902.2M | $-5.9M | ||
| Q2 24 | $651.7M | $-18.1M |
毛利率AZOSPWH
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 32.8% | ||
| Q3 25 | 51.5% | 32.0% | ||
| Q2 25 | 52.7% | 30.4% | ||
| Q1 25 | 53.9% | 30.4% | ||
| Q4 24 | 53.0% | 31.8% | ||
| Q3 24 | 52.5% | 31.2% | ||
| Q2 24 | 53.5% | 30.2% |
营业利润率AZOSPWH
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 1.3% | ||
| Q3 25 | 19.2% | -1.1% | ||
| Q2 25 | 19.4% | -7.9% | ||
| Q1 25 | 17.9% | 1.1% | ||
| Q4 24 | 19.7% | 1.0% | ||
| Q3 24 | 20.9% | -1.5% | ||
| Q2 24 | 21.3% | -8.4% |
净利率AZOSPWH
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 0.0% | ||
| Q3 25 | 13.4% | -2.4% | ||
| Q2 25 | 13.6% | -8.5% | ||
| Q1 25 | 12.3% | -2.6% | ||
| Q4 24 | 13.2% | -0.1% | ||
| Q3 24 | 14.5% | -2.0% | ||
| Q2 24 | 15.4% | -7.4% |
每股收益（稀释后）AZOSPWH
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.00 | ||
| Q3 25 | $48.70 | $-0.18 | ||
| Q2 25 | $35.36 | $-0.56 | ||
| Q1 25 | $28.29 | $-0.22 | ||
| Q4 24 | $32.52 | $-0.01 | ||
| Q3 24 | $51.42 | $-0.16 | ||
| Q2 24 | $36.69 | $-0.48 |
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 | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | $-2.9B | $209.5M |
| 总资产 | $20.4B | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资AZOSPWH
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $2.2M | ||
| Q3 25 | $271.8M | $1.8M | ||
| Q2 25 | $268.6M | $3.6M | ||
| Q1 25 | $300.9M | $2.8M | ||
| Q4 24 | $304.0M | $2.7M | ||
| Q3 24 | $298.2M | $2.6M | ||
| Q2 24 | $275.4M | $2.2M |
总债务AZOSPWH
| Q1 26 | — | — | ||
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $24.1M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | — |
股东权益AZOSPWH
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $209.5M | ||
| Q3 25 | $-3.4B | $208.9M | ||
| Q2 25 | $-4.0B | $215.1M | ||
| Q1 25 | $-4.5B | $235.7M | ||
| Q4 24 | $-4.7B | $243.6M | ||
| Q3 24 | $-4.7B | $243.0M | ||
| Q2 24 | $-4.8B | $247.5M |
总资产AZOSPWH
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $913.9M | ||
| Q3 25 | $19.4B | $948.9M | ||
| Q2 25 | $18.6B | $929.7M | ||
| Q1 25 | $18.1B | $852.1M | ||
| Q4 24 | $17.5B | $967.7M | ||
| Q3 24 | $17.2B | $901.9M | ||
| Q2 24 | $17.1B | $930.4M |
负债/权益比AZOSPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | — |
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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $8.7M |
| 自由现金流率自由现金流/营收 | 0.8% | 2.6% |
| 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× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-39.7M |
8季度趋势，按日历期对齐
经营现金流AZOSPWH
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $16.3M | ||
| Q3 25 | $952.8M | $-26.6M | ||
| Q2 25 | $769.0M | $-60.2M | ||
| Q1 25 | $583.7M | $52.8M | ||
| Q4 24 | $811.8M | $-2.5M | ||
| Q3 24 | $1.1B | $18.5M | ||
| Q2 24 | $669.5M | $-34.6M |
自由现金流AZOSPWH
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $8.7M | ||
| Q3 25 | $511.1M | $-33.9M | ||
| Q2 25 | $423.1M | $-64.0M | ||
| Q1 25 | $291.0M | $49.6M | ||
| Q4 24 | $564.8M | $-6.2M | ||
| Q3 24 | $723.5M | $14.1M | ||
| Q2 24 | $434.4M | $-38.0M |
自由现金流率AZOSPWH
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 2.6% | ||
| Q3 25 | 8.2% | -11.5% | ||
| Q2 25 | 9.5% | -25.7% | ||
| Q1 25 | 7.4% | 14.6% | ||
| Q4 24 | 13.2% | -1.9% | ||
| Q3 24 | 11.7% | 4.9% | ||
| Q2 24 | 10.3% | -15.5% |
资本支出强度AZOSPWH
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 2.3% | ||
| Q3 25 | 7.1% | 2.5% | ||
| Q2 25 | 7.7% | 1.5% | ||
| Q1 25 | 7.4% | 1.0% | ||
| Q4 24 | 5.8% | 1.1% | ||
| Q3 24 | 5.6% | 1.5% | ||
| Q2 24 | 5.6% | 1.4% |
现金转化率AZOSPWH
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 2038.00× | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 1.19× | — | ||
| 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
