vs
CrossAmerica Partners LP（CAPL）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是CrossAmerica Partners LP的1.1倍（$969.8M vs $866.3M），天宝净利率更高（16.1% vs 1.2%，领先15.0%），CrossAmerica Partners LP同比增速更快（-8.3% vs -73.7%），天宝自由现金流更多（$360.9M vs $22.4M），过去两年天宝的营收复合增速更高（0.9% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
CAPL vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.1倍
$866.3M
营收增速更快
CAPL
高出65.4%
-73.7%
净利率更高
TRMB
高出15.0%
1.2%
自由现金流更多
TRMB
多$338.5M
$22.4M
两年增速更快
TRMB
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $969.8M |
| 净利润 | $10.2M | $156.6M |
| 毛利率 | 12.4% | 72.0% |
| 营业利润率 | 3.0% | 22.3% |
| 净利率 | 1.2% | 16.1% |
| 营收同比 | -8.3% | -73.7% |
| 净利润同比 | -39.6% | 73.6% |
| 每股收益（稀释后） | $0.24 | $0.65 |
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CAPLTRMB
| Q4 25 | $866.3M | $901.2M | ||
| Q3 25 | $971.8M | $875.7M | ||
| Q2 25 | $961.9M | $840.6M | ||
| Q1 25 | $862.5M | $983.4M | ||
| Q4 24 | $944.2M | — | ||
| Q3 24 | $1.1B | $875.8M | ||
| Q2 24 | $1.1B | $870.8M | ||
| Q1 24 | $941.5M | $953.3M |
净利润CAPLTRMB
| Q4 25 | $10.2M | $111.5M | ||
| Q3 25 | $13.6M | $89.2M | ||
| Q2 25 | $25.2M | $66.7M | ||
| Q1 25 | $-7.1M | $90.2M | ||
| Q4 24 | $16.9M | — | ||
| Q3 24 | $10.7M | $40.6M | ||
| Q2 24 | $12.4M | $1.3B | ||
| Q1 24 | $-17.5M | $57.2M |
毛利率CAPLTRMB
| Q4 25 | 12.4% | 68.9% | ||
| Q3 25 | 10.8% | 68.3% | ||
| Q2 25 | 10.5% | 66.7% | ||
| Q1 25 | 10.4% | 69.3% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | 65.7% | ||
| Q2 24 | 9.2% | 62.7% | ||
| Q1 24 | 8.6% | 62.3% |
营业利润率CAPLTRMB
| Q4 25 | 3.0% | 16.7% | ||
| Q3 25 | 2.9% | 14.6% | ||
| Q2 25 | 4.3% | 11.6% | ||
| Q1 25 | 0.2% | 17.6% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.5% | 13.3% | ||
| Q2 24 | 2.5% | 7.1% | ||
| Q1 24 | -1.4% | 11.5% |
净利率CAPLTRMB
| Q4 25 | 1.2% | 12.4% | ||
| Q3 25 | 1.4% | 10.2% | ||
| Q2 25 | 2.6% | 7.9% | ||
| Q1 25 | -0.8% | 9.2% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.0% | 4.6% | ||
| Q2 24 | 1.1% | 151.2% | ||
| Q1 24 | -1.9% | 6.0% |
每股收益（稀释后）CAPLTRMB
| Q4 25 | $0.24 | $0.46 | ||
| Q3 25 | $0.34 | $0.37 | ||
| Q2 25 | $0.64 | $0.27 | ||
| Q1 25 | $-0.20 | $0.36 | ||
| Q4 24 | $0.42 | — | ||
| Q3 24 | $0.27 | $0.16 | ||
| Q2 24 | $0.31 | $5.34 | ||
| Q1 24 | $-0.48 | $0.23 |
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 | $3.1M | $253.4M |
| 总债务越低越好 | $687.2M | $1.4B |
| 股东权益账面价值 | — | $5.8B |
| 总资产 | $964.7M | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CAPLTRMB
| Q4 25 | $3.1M | $232.7M | ||
| Q3 25 | $5.8M | $265.9M | ||
| Q2 25 | $9.7M | $290.0M | ||
| Q1 25 | $6.7M | $738.8M | ||
| Q4 24 | $3.4M | — | ||
| Q3 24 | $7.8M | $1.0B | ||
| Q2 24 | $5.5M | $944.1M | ||
| Q1 24 | $6.3M | $255.1M |
总债务CAPLTRMB
| Q4 25 | $687.2M | $1.4B | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | $1.4B | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLTRMB
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | — | $4.3B |
总资产CAPLTRMB
| Q4 25 | $964.7M | $9.0B | ||
| Q3 25 | $998.9M | $9.1B | ||
| Q2 25 | $1.0B | $8.9B | ||
| Q1 25 | $1.1B | $9.5B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $9.9B | ||
| Q2 24 | $1.2B | $9.6B | ||
| Q1 24 | $1.2B | $9.3B |
负债/权益比CAPLTRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $29.4M | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $360.9M |
| 自由现金流率自由现金流/营收 | 2.6% | 37.2% |
| 资本支出强度资本支出/营收 | 0.8% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.89× | 2.47× |
| 过去12个月自由现金流最近4个季度 | $55.8M | — |
8季度趋势，按日历期对齐
经营现金流CAPLTRMB
| Q4 25 | $29.4M | — | ||
| Q3 25 | $24.4M | $123.8M | ||
| Q2 25 | $22.6M | $155.6M | ||
| Q1 25 | $15.0M | $115.1M | ||
| Q4 24 | $11.1M | — | ||
| Q3 24 | $41.9M | $94.9M | ||
| Q2 24 | $28.9M | $87.6M | ||
| Q1 24 | $5.8M | $233.8M |
自由现金流CAPLTRMB
| Q4 25 | $22.4M | — | ||
| Q3 25 | $17.7M | $116.6M | ||
| Q2 25 | $10.8M | $149.0M | ||
| Q1 25 | $4.9M | $109.0M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $34.2M | $88.5M | ||
| Q2 24 | $23.6M | $73.3M | ||
| Q1 24 | $-289.0K | $227.0M |
自由现金流率CAPLTRMB
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.8% | 13.3% | ||
| Q2 25 | 1.1% | 17.7% | ||
| Q1 25 | 0.6% | 11.1% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.2% | 10.1% | ||
| Q2 24 | 2.1% | 8.4% | ||
| Q1 24 | -0.0% | 23.8% |
资本支出强度CAPLTRMB
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 1.2% | 0.8% | ||
| Q1 25 | 1.2% | 0.6% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.7% | 0.7% | ||
| Q2 24 | 0.5% | 1.6% | ||
| Q1 24 | 0.6% | 0.7% |
现金转化率CAPLTRMB
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | 1.39× | ||
| Q2 25 | 0.90× | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | 2.34× | ||
| Q2 24 | 2.33× | 0.07× | ||
| Q1 24 | — | 4.09× |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
