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CATO CORP（CATO）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是CATO CORP的37.3倍（$5.8B vs $155.4M）。CarMax净利率更高（1.1% vs -3.3%，领先4.4%）。CATO CORP同比增速更快（6.3% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $-12.9M）。过去两年CarMax的营收复合增速更高（1.5% vs -5.7%）
凯拓集团（Cato Corporation）是美国女性时装及配饰零售商，总部位于北卡罗来纳州夏洛特市。截至2016年1月，该公司旗下共运营1372家门店，覆盖Cato、Cato Plus、It's Fashion、It's Fashion Metro与Versona多个品牌。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
CATO vs KMX — 直观对比
营收规模更大
KMX
是对方的37.3倍
$155.4M
营收增速更快
CATO
高出13.2%
-6.9%
净利率更高
KMX
高出4.4%
-3.3%
自由现金流更多
KMX
多$1.1B
$-12.9M
两年增速更快
KMX
近两年复合增速
-5.7%
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $155.4M | $5.8B |
| 净利润 | $-5.2M | $62.2M |
| 毛利率 | 32.7% | 10.2% |
| 营业利润率 | -5.3% | — |
| 净利率 | -3.3% | 1.1% |
| 营收同比 | 6.3% | -6.9% |
| 净利润同比 | 65.6% | -50.4% |
| 每股收益（稀释后） | $-0.28 | $0.43 |
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CATOKMX
| Q4 25 | $155.4M | $5.8B | ||
| Q3 25 | $176.5M | $6.6B | ||
| Q2 25 | $170.2M | $7.5B | ||
| Q1 25 | $157.9M | $6.0B | ||
| Q4 24 | $146.2M | $6.2B | ||
| Q3 24 | $168.6M | $7.0B | ||
| Q2 24 | $177.1M | $7.1B | ||
| Q1 24 | $174.9M | $5.6B |
净利润CATOKMX
| Q4 25 | $-5.2M | $62.2M | ||
| Q3 25 | $6.8M | $95.4M | ||
| Q2 25 | $3.3M | $210.4M | ||
| Q1 25 | $-14.1M | $89.9M | ||
| Q4 24 | $-15.1M | $125.4M | ||
| Q3 24 | $95.0K | $132.8M | ||
| Q2 24 | $11.0M | $152.4M | ||
| Q1 24 | — | $50.3M |
毛利率CATOKMX
| Q4 25 | 32.7% | 10.2% | ||
| Q3 25 | 36.8% | 10.9% | ||
| Q2 25 | 35.8% | 11.8% | ||
| Q1 25 | 29.2% | 11.1% | ||
| Q4 24 | 29.6% | 10.9% | ||
| Q3 24 | 35.3% | 10.8% | ||
| Q2 24 | 36.5% | 11.1% | ||
| Q1 24 | 32.1% | 10.4% |
营业利润率CATOKMX
| Q4 25 | -5.3% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -15.2% | 2.0% | ||
| Q4 24 | -11.6% | 2.7% | ||
| Q3 24 | -0.4% | 2.5% | ||
| Q2 24 | 3.5% | 2.9% | ||
| Q1 24 | -9.5% | 1.2% |
净利率CATOKMX
| Q4 25 | -3.3% | 1.1% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 1.9% | 2.8% | ||
| Q1 25 | -8.9% | 1.5% | ||
| Q4 24 | -10.3% | 2.0% | ||
| Q3 24 | 0.1% | 1.9% | ||
| Q2 24 | 6.2% | 2.1% | ||
| Q1 24 | — | 0.9% |
每股收益（稀释后）CATOKMX
| Q4 25 | $-0.28 | $0.43 | ||
| Q3 25 | $0.35 | $0.64 | ||
| Q2 25 | $0.17 | $1.38 | ||
| Q1 25 | $-0.73 | $0.58 | ||
| Q4 24 | $-0.79 | $0.81 | ||
| Q3 24 | $0.01 | $0.85 | ||
| Q2 24 | $0.54 | $0.97 | ||
| Q1 24 | $-1.15 | $0.31 |
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 | $79.0M | $204.9M |
| 总债务越低越好 | — | $16.6B |
| 股东权益账面价值 | $167.6M | $6.1B |
| 总资产 | $450.2M | $25.6B |
| 负债/权益比越低杠杆越低 | — | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资CATOKMX
| Q4 25 | $79.0M | $204.9M | ||
| Q3 25 | $90.8M | $540.4M | ||
| Q2 25 | $80.0M | $262.8M | ||
| Q1 25 | $77.7M | $247.0M | ||
| Q4 24 | $86.2M | $271.9M | ||
| Q3 24 | $104.7M | $524.7M | ||
| Q2 24 | $105.4M | $218.9M | ||
| Q1 24 | $103.0M | $574.1M |
总债务CATOKMX
| Q4 25 | — | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
股东权益CATOKMX
| Q4 25 | $167.6M | $6.1B | ||
| Q3 25 | $172.2M | $6.2B | ||
| Q2 25 | $164.9M | $6.3B | ||
| Q1 25 | $162.3M | $6.2B | ||
| Q4 24 | $177.1M | $6.2B | ||
| Q3 24 | $195.1M | $6.2B | ||
| Q2 24 | $196.9M | $6.2B | ||
| Q1 24 | $192.3M | $6.1B |
总资产CATOKMX
| Q4 25 | $450.2M | $25.6B | ||
| Q3 25 | $436.9M | $27.1B | ||
| Q2 25 | $440.8M | $27.4B | ||
| Q1 25 | $452.4M | $27.4B | ||
| Q4 24 | $424.4M | $27.3B | ||
| Q3 24 | $455.6M | $27.3B | ||
| Q2 24 | $477.1M | $27.2B | ||
| Q1 24 | $486.8M | $27.2B |
负债/权益比CATOKMX
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $-12.4M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-12.9M | $1.1B |
| 自由现金流率自由现金流/营收 | -8.3% | 19.2% |
| 资本支出强度资本支出/营收 | 0.3% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 20.14× |
| 过去12个月自由现金流最近4个季度 | $-7.5M | $1.9B |
8季度趋势，按日历期对齐
经营现金流CATOKMX
| Q4 25 | $-12.4M | $1.3B | ||
| Q3 25 | $11.8M | $785.5M | ||
| Q2 25 | $3.9M | $299.5M | ||
| Q1 25 | $-6.5M | $146.4M | ||
| Q4 24 | $-22.1M | $-23.4M | ||
| Q3 24 | $3.1M | $619.1M | ||
| Q2 24 | $5.7M | $-117.7M | ||
| Q1 24 | $-11.2M | $309.6M |
自由现金流CATOKMX
| Q4 25 | $-12.9M | $1.1B | ||
| Q3 25 | $10.4M | $654.0M | ||
| Q2 25 | $2.8M | $162.8M | ||
| Q1 25 | $-7.8M | $18.8M | ||
| Q4 24 | $-23.8M | $-150.6M | ||
| Q3 24 | $1.6M | $509.9M | ||
| Q2 24 | $2.4M | $-221.6M | ||
| Q1 24 | $-13.5M | $199.8M |
自由现金流率CATOKMX
| Q4 25 | -8.3% | 19.2% | ||
| Q3 25 | 5.9% | 9.9% | ||
| Q2 25 | 1.7% | 2.2% | ||
| Q1 25 | -5.0% | 0.3% | ||
| Q4 24 | -16.3% | -2.4% | ||
| Q3 24 | 0.9% | 7.3% | ||
| Q2 24 | 1.4% | -3.1% | ||
| Q1 24 | -7.7% | 3.6% |
资本支出强度CATOKMX
| Q4 25 | 0.3% | 2.4% | ||
| Q3 25 | 0.8% | 2.0% | ||
| Q2 25 | 0.6% | 1.8% | ||
| Q1 25 | 0.9% | 2.1% | ||
| Q4 24 | 1.2% | 2.0% | ||
| Q3 24 | 0.9% | 1.6% | ||
| Q2 24 | 1.8% | 1.5% | ||
| Q1 24 | 1.3% | 2.0% |
现金转化率CATOKMX
| Q4 25 | — | 20.14× | ||
| Q3 25 | 1.72× | 8.24× | ||
| Q2 25 | 1.17× | 1.42× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | 32.95× | 4.66× | ||
| Q2 24 | 0.52× | -0.77× | ||
| Q1 24 | — | 6.16× |
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
CATO
| Retail Segment | $154.7M | 100% |
| Credit Card | $5.3M | 3% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
