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AutoZone（AZO）与US Foods Holding Corp.（USFD）财务数据对比。点击上方公司名可切换其他公司
US Foods Holding Corp.的季度营收约是AutoZone的2.3倍（$9.8B vs $4.3B）。AutoZone净利率更高（11.0% vs 1.9%，领先9.1%）。AutoZone同比增速更快（8.1% vs 3.3%）。US Foods Holding Corp.自由现金流更多（$159.0M vs $35.6M）。过去两年US Foods Holding Corp.的营收复合增速更高（4.6% 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。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
AZO vs USFD — 直观对比
营收规模更大
USFD
是对方的2.3倍
$4.3B
营收增速更快
AZO
高出4.9%
3.3%
净利率更高
AZO
高出9.1%
1.9%
自由现金流更多
USFD
多$123.4M
$35.6M
两年增速更快
USFD
近两年复合增速
0.5%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $9.8B |
| 净利润 | $468.9M | $184.0M |
| 毛利率 | 52.5% | 17.6% |
| 营业利润率 | 16.3% | 3.3% |
| 净利率 | 11.0% | 1.9% |
| 营收同比 | 8.1% | 3.3% |
| 净利润同比 | -3.9% | 178.8% |
| 每股收益（稀释后） | $27.63 | $0.82 |
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AZOUSFD
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.6B | $9.8B | ||
| Q3 25 | $6.2B | $10.2B | ||
| Q2 25 | $4.5B | $10.1B | ||
| Q1 25 | $4.0B | $9.4B | ||
| Q4 24 | $4.3B | $9.5B | ||
| Q3 24 | $6.2B | $9.7B | ||
| Q2 24 | $4.2B | $9.7B |
净利润AZOUSFD
| Q1 26 | $468.9M | — | ||
| Q4 25 | $530.8M | $184.0M | ||
| Q3 25 | $837.0M | $153.0M | ||
| Q2 25 | $608.4M | $224.0M | ||
| Q1 25 | $487.9M | $115.0M | ||
| Q4 24 | $564.9M | $66.0M | ||
| Q3 24 | $902.2M | $148.0M | ||
| Q2 24 | $651.7M | $198.0M |
毛利率AZOUSFD
| Q1 26 | 52.5% | — | ||
| Q4 25 | 51.0% | 17.6% | ||
| Q3 25 | 51.5% | 17.2% | ||
| Q2 25 | 52.7% | 17.6% | ||
| Q1 25 | 53.9% | 17.3% | ||
| Q4 24 | 53.0% | 17.6% | ||
| Q3 24 | 52.5% | 17.1% | ||
| Q2 24 | 53.5% | 17.6% |
营业利润率AZOUSFD
| Q1 26 | 16.3% | — | ||
| Q4 25 | 16.9% | 3.3% | ||
| Q3 25 | 19.2% | 2.8% | ||
| Q2 25 | 19.4% | 3.7% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 19.7% | 3.2% | ||
| Q3 24 | 20.9% | 2.9% | ||
| Q2 24 | 21.3% | 3.6% |
净利率AZOUSFD
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.5% | 1.9% | ||
| Q3 25 | 13.4% | 1.5% | ||
| Q2 25 | 13.6% | 2.2% | ||
| Q1 25 | 12.3% | 1.2% | ||
| Q4 24 | 13.2% | 0.7% | ||
| Q3 24 | 14.5% | 1.5% | ||
| Q2 24 | 15.4% | 2.0% |
每股收益（稀释后）AZOUSFD
| Q1 26 | $27.63 | — | ||
| Q4 25 | $31.04 | $0.82 | ||
| Q3 25 | $48.70 | $0.67 | ||
| Q2 25 | $35.36 | $0.96 | ||
| Q1 25 | $28.29 | $0.49 | ||
| Q4 24 | $32.52 | $0.28 | ||
| Q3 24 | $51.42 | $0.61 | ||
| Q2 24 | $36.69 | $0.80 |
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 | $41.0M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $-2.9B | $4.3B |
| 总资产 | $20.4B | $13.9B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资AZOUSFD
| Q1 26 | $285.5M | — | ||
| Q4 25 | $287.6M | $41.0M | ||
| Q3 25 | $271.8M | $56.0M | ||
| Q2 25 | $268.6M | $61.0M | ||
| Q1 25 | $300.9M | $101.0M | ||
| Q4 24 | $304.0M | $59.0M | ||
| Q3 24 | $298.2M | $81.0M | ||
| Q2 24 | $275.4M | $405.0M |
总债务AZOUSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B |
股东权益AZOUSFD
| Q1 26 | $-2.9B | — | ||
| Q4 25 | $-3.2B | $4.3B | ||
| Q3 25 | $-3.4B | $4.5B | ||
| Q2 25 | $-4.0B | $4.6B | ||
| Q1 25 | $-4.5B | $4.6B | ||
| Q4 24 | $-4.7B | $4.5B | ||
| Q3 24 | $-4.7B | $4.6B | ||
| Q2 24 | $-4.8B | $5.0B |
总资产AZOUSFD
| Q1 26 | $20.4B | — | ||
| Q4 25 | $19.7B | $13.9B | ||
| Q3 25 | $19.4B | $14.0B | ||
| Q2 25 | $18.6B | $13.8B | ||
| Q1 25 | $18.1B | $13.7B | ||
| Q4 24 | $17.5B | $13.4B | ||
| Q3 24 | $17.2B | $13.5B | ||
| Q2 24 | $17.1B | $13.7B |
负债/权益比AZOUSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× |
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 | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $35.6M | $159.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 1.6% |
| 资本支出强度资本支出/营收 | 7.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.80× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $959.0M |
8季度趋势，按日历期对齐
经营现金流AZOUSFD
| Q1 26 | $373.4M | — | ||
| Q4 25 | $944.2M | $293.0M | ||
| Q3 25 | $952.8M | $351.0M | ||
| Q2 25 | $769.0M | $334.0M | ||
| Q1 25 | $583.7M | $391.0M | ||
| Q4 24 | $811.8M | $283.0M | ||
| Q3 24 | $1.1B | $270.0M | ||
| Q2 24 | $669.5M | $482.0M |
自由现金流AZOUSFD
| Q1 26 | $35.6M | — | ||
| Q4 25 | $630.0M | $159.0M | ||
| Q3 25 | $511.1M | $236.0M | ||
| Q2 25 | $423.1M | $257.0M | ||
| Q1 25 | $291.0M | $307.0M | ||
| Q4 24 | $564.8M | $178.0M | ||
| Q3 24 | $723.5M | $190.0M | ||
| Q2 24 | $434.4M | $413.0M |
自由现金流率AZOUSFD
| Q1 26 | 0.8% | — | ||
| Q4 25 | 13.6% | 1.6% | ||
| Q3 25 | 8.2% | 2.3% | ||
| Q2 25 | 9.5% | 2.5% | ||
| Q1 25 | 7.4% | 3.3% | ||
| Q4 24 | 13.2% | 1.9% | ||
| Q3 24 | 11.7% | 2.0% | ||
| Q2 24 | 10.3% | 4.3% |
资本支出强度AZOUSFD
| Q1 26 | 7.9% | — | ||
| Q4 25 | 6.8% | 1.4% | ||
| Q3 25 | 7.1% | 1.1% | ||
| Q2 25 | 7.7% | 0.8% | ||
| Q1 25 | 7.4% | 0.9% | ||
| Q4 24 | 5.8% | 1.1% | ||
| Q3 24 | 5.6% | 0.8% | ||
| Q2 24 | 5.6% | 0.7% |
现金转化率AZOUSFD
| Q1 26 | 0.80× | — | ||
| Q4 25 | 1.78× | 1.59× | ||
| Q3 25 | 1.14× | 2.29× | ||
| Q2 25 | 1.26× | 1.49× | ||
| Q1 25 | 1.20× | 3.40× | ||
| Q4 24 | 1.44× | 4.29× | ||
| Q3 24 | 1.19× | 1.82× | ||
| Q2 24 | 1.03× | 2.43× |
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
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
