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Builders FirstSource（BLDR）与Tractor Supply（TSCO）财务数据对比。点击上方公司名可切换其他公司
Tractor Supply的季度营收约是Builders FirstSource的1.1倍（$3.6B vs $3.4B），Tractor Supply净利率更高（4.6% vs 0.9%，领先3.6%），Tractor Supply同比增速更快（100.0% vs -12.1%），过去两年Builders FirstSource的营收复合增速更高（-7.1% vs -8.0%）
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
Tractor Supply Company成立于1938年，是美国连锁零售企业，主营家居装修、农业、园艺养护、牲畜、马术及宠物护理相关设备与用品，客群覆盖农民、牧场主、宠物主及土地所有者。截至2024年共开设2250家门店，总部位于田纳西州布伦特伍德，为纳斯达克上市的财富500强企业。
BLDR vs TSCO — 直观对比
营收规模更大
TSCO
是对方的1.1倍
$3.4B
营收增速更快
TSCO
高出112.1%
-12.1%
净利率更高
TSCO
高出3.6%
0.9%
两年增速更快
BLDR
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.6B |
| 净利润 | $31.5M | $164.5M |
| 毛利率 | 29.8% | 36.2% |
| 营业利润率 | 1.8% | 6.5% |
| 净利率 | 0.9% | 4.6% |
| 营收同比 | -12.1% | 100.0% |
| 净利润同比 | -83.5% | 4.6% |
| 每股收益（稀释后） | $0.29 | $0.31 |
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BLDRTSCO
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.4B | $3.9B | ||
| Q3 25 | $3.9B | $3.7B | ||
| Q2 25 | $4.2B | $4.4B | ||
| Q1 25 | $3.7B | $3.5B | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $4.2B | $3.5B | ||
| Q2 24 | $4.5B | $4.2B |
净利润BLDRTSCO
| Q1 26 | — | $164.5M | ||
| Q4 25 | $31.5M | $227.4M | ||
| Q3 25 | $122.4M | $259.3M | ||
| Q2 25 | $185.0M | $430.0M | ||
| Q1 25 | $96.3M | $179.4M | ||
| Q4 24 | $190.2M | $236.4M | ||
| Q3 24 | $284.8M | $241.5M | ||
| Q2 24 | $344.1M | $425.2M |
毛利率BLDRTSCO
| Q1 26 | — | 36.2% | ||
| Q4 25 | 29.8% | 35.1% | ||
| Q3 25 | 30.4% | 37.4% | ||
| Q2 25 | 30.7% | 36.9% | ||
| Q1 25 | 30.5% | 36.2% | ||
| Q4 24 | 32.3% | 35.2% | ||
| Q3 24 | 32.8% | 37.2% | ||
| Q2 24 | 32.8% | 36.6% |
营业利润率BLDRTSCO
| Q1 26 | — | 6.5% | ||
| Q4 25 | 1.8% | 7.6% | ||
| Q3 25 | 5.8% | 9.2% | ||
| Q2 25 | 7.4% | 13.0% | ||
| Q1 25 | 5.0% | 7.2% | ||
| Q4 24 | 8.0% | 8.4% | ||
| Q3 24 | 10.1% | 9.4% | ||
| Q2 24 | 11.0% | 13.2% |
净利率BLDRTSCO
| Q1 26 | — | 4.6% | ||
| Q4 25 | 0.9% | 5.8% | ||
| Q3 25 | 3.1% | 7.0% | ||
| Q2 25 | 4.4% | 9.7% | ||
| Q1 25 | 2.6% | 5.2% | ||
| Q4 24 | 5.0% | 6.3% | ||
| Q3 24 | 6.7% | 7.0% | ||
| Q2 24 | 7.7% | 10.0% |
每股收益（稀释后）BLDRTSCO
| Q1 26 | — | $0.31 | ||
| Q4 25 | $0.29 | $0.42 | ||
| Q3 25 | $1.10 | $0.49 | ||
| Q2 25 | $1.66 | $0.81 | ||
| Q1 25 | $0.84 | $0.34 | ||
| Q4 24 | $1.65 | $-5.96 | ||
| Q3 24 | $2.44 | $2.24 | ||
| Q2 24 | $2.87 | $3.93 |
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 | $181.8M | $224.3M |
| 总债务越低越好 | $4.4B | $2.1B |
| 股东权益账面价值 | $4.4B | $2.5B |
| 总资产 | $11.2B | $11.7B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资BLDRTSCO
| Q1 26 | — | $224.3M | ||
| Q4 25 | $181.8M | $194.1M | ||
| Q3 25 | $296.2M | $184.6M | ||
| Q2 25 | $87.0M | $225.8M | ||
| Q1 25 | $115.4M | $231.7M | ||
| Q4 24 | $153.6M | $251.5M | ||
| Q3 24 | $328.1M | $186.3M | ||
| Q2 24 | $75.6M | $394.7M |
总债务BLDRTSCO
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.4B | $150.0M | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.7B | $150.0M | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.8B | — |
股东权益BLDRTSCO
| Q1 26 | — | $2.5B | ||
| Q4 25 | $4.4B | $2.6B | ||
| Q3 25 | $4.3B | $2.6B | ||
| Q2 25 | $4.2B | $2.5B | ||
| Q1 25 | $4.4B | $2.2B | ||
| Q4 24 | $4.3B | $2.3B | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.3B | $2.3B |
总资产BLDRTSCO
| Q1 26 | — | $11.7B | ||
| Q4 25 | $11.2B | $10.9B | ||
| Q3 25 | $11.4B | $10.9B | ||
| Q2 25 | $11.5B | $10.6B | ||
| Q1 25 | $11.4B | $10.4B | ||
| Q4 24 | $10.6B | $9.8B | ||
| Q3 24 | $10.9B | $9.8B | ||
| Q2 24 | $10.7B | $9.8B |
负债/权益比BLDRTSCO
| Q1 26 | — | 0.85× | ||
| Q4 25 | 1.02× | 0.06× | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | 0.86× | 0.07× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.88× | — |
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 | $194.8M | $91.1M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 2.6% | 5.6% |
| 现金转化率经营现金流/净利润 | 6.19× | 0.55× |
| 过去12个月自由现金流最近4个季度 | $853.3M | — |
8季度趋势，按日历期对齐
经营现金流BLDRTSCO
| Q1 26 | — | $91.1M | ||
| Q4 25 | $194.8M | $324.8M | ||
| Q3 25 | $547.7M | $307.9M | ||
| Q2 25 | $341.0M | $785.8M | ||
| Q1 25 | $132.3M | $216.8M | ||
| Q4 24 | $373.5M | $517.2M | ||
| Q3 24 | $730.0M | $86.3M | ||
| Q2 24 | $452.1M | $559.9M |
自由现金流BLDRTSCO
| Q1 26 | — | — | ||
| Q4 25 | $106.7M | $59.3M | ||
| Q3 25 | $461.9M | $30.3M | ||
| Q2 25 | $252.3M | $575.4M | ||
| Q1 25 | $32.4M | $75.5M | ||
| Q4 24 | $273.8M | $271.2M | ||
| Q3 24 | $630.4M | $-101.9M | ||
| Q2 24 | $364.0M | $367.3M |
自由现金流率BLDRTSCO
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 1.5% | ||
| Q3 25 | 11.7% | 0.8% | ||
| Q2 25 | 6.0% | 13.0% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 7.2% | 7.2% | ||
| Q3 24 | 14.9% | -2.9% | ||
| Q2 24 | 8.2% | 8.6% |
资本支出强度BLDRTSCO
| Q1 26 | — | 5.6% | ||
| Q4 25 | 2.6% | 6.8% | ||
| Q3 25 | 2.2% | 7.5% | ||
| Q2 25 | 2.1% | 4.7% | ||
| Q1 25 | 2.7% | 4.1% | ||
| Q4 24 | 2.6% | 6.5% | ||
| Q3 24 | 2.4% | 5.4% | ||
| Q2 24 | 2.0% | 4.5% |
现金转化率BLDRTSCO
| Q1 26 | — | 0.55× | ||
| Q4 25 | 6.19× | 1.43× | ||
| Q3 25 | 4.48× | 1.19× | ||
| Q2 25 | 1.84× | 1.83× | ||
| Q1 25 | 1.37× | 1.21× | ||
| Q4 24 | 1.96× | 2.19× | ||
| Q3 24 | 2.56× | 0.36× | ||
| Q2 24 | 1.31× | 1.32× |
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
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
TSCO
暂无分部数据
