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CBIZ, Inc.（CBZ）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是CBIZ, Inc.的1.8倍（$965.7M vs $542.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -14.6%，领先20.0%），CBIZ, Inc.同比增速更快（100.0% vs 4.0%），CBIZ, Inc.自由现金流更多（$175.5M vs $7.4M），过去两年CBIZ, Inc.的营收复合增速更高（13.7% vs -3.4%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
CBZ vs MSM — 直观对比
营收规模更大
MSM
是对方的1.8倍
$542.7M
营收增速更快
CBZ
高出96.0%
4.0%
净利率更高
MSM
高出20.0%
-14.6%
自由现金流更多
CBZ
多$168.1M
$7.4M
两年增速更快
CBZ
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.7M | $965.7M |
| 净利润 | $-79.4M | $51.8M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 43.1% | 7.9% |
| 净利率 | -14.6% | 5.4% |
| 营收同比 | 100.0% | 4.0% |
| 净利润同比 | 4.2% | 11.1% |
| 每股收益（稀释后） | $-1.28 | $0.93 |
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CBZMSM
| Q1 26 | $542.7M | — | ||
| Q4 25 | $542.7M | $965.7M | ||
| Q3 25 | $693.8M | $978.2M | ||
| Q2 25 | $683.5M | $971.1M | ||
| Q1 25 | $838.0M | — | ||
| Q4 24 | $460.3M | $928.5M | ||
| Q3 24 | $438.9M | — | ||
| Q2 24 | $420.0M | $979.4M |
净利润CBZMSM
| Q1 26 | $-79.4M | — | ||
| Q4 25 | $-79.4M | $51.8M | ||
| Q3 25 | $30.1M | $56.5M | ||
| Q2 25 | $41.9M | $56.8M | ||
| Q1 25 | $122.8M | — | ||
| Q4 24 | $-90.7M | $46.6M | ||
| Q3 24 | $35.1M | — | ||
| Q2 24 | $19.8M | $71.7M |
毛利率CBZMSM
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | 40.7% | ||
| Q3 25 | 13.0% | 40.4% | ||
| Q2 25 | 12.9% | 41.0% | ||
| Q1 25 | 27.2% | — | ||
| Q4 24 | -13.4% | 40.7% | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 12.8% | 40.9% |
营业利润率CBZMSM
| Q1 26 | 43.1% | — | ||
| Q4 25 | -15.7% | 7.9% | ||
| Q3 25 | 8.5% | 8.6% | ||
| Q2 25 | 8.8% | 8.5% | ||
| Q1 25 | 23.9% | — | ||
| Q4 24 | -23.2% | 7.8% | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.5% | 10.9% |
净利率CBZMSM
| Q1 26 | -14.6% | — | ||
| Q4 25 | -14.6% | 5.4% | ||
| Q3 25 | 4.3% | 5.8% | ||
| Q2 25 | 6.1% | 5.9% | ||
| Q1 25 | 14.7% | — | ||
| Q4 24 | -19.7% | 5.0% | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 4.7% | 7.3% |
每股收益（稀释后）CBZMSM
| Q1 26 | $-1.28 | — | ||
| Q4 25 | $-1.22 | $0.93 | ||
| Q3 25 | $0.48 | $1.02 | ||
| Q2 25 | $0.66 | $1.02 | ||
| Q1 25 | $1.91 | — | ||
| Q4 24 | $-1.84 | $0.83 | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.39 | $1.27 |
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 | $18.3M | $40.3M |
| 总债务越低越好 | — | $214.1M |
| 股东权益账面价值 | $1.8B | $1.4B |
| 总资产 | $4.4B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资CBZMSM
| Q1 26 | $18.3M | — | ||
| Q4 25 | $18.3M | $40.3M | ||
| Q3 25 | $17.0M | $56.2M | ||
| Q2 25 | $39.8M | $71.7M | ||
| Q1 25 | $8.8M | — | ||
| Q4 24 | $13.8M | $57.3M | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $1.1M | $25.9M |
总债务CBZMSM
| Q1 26 | — | — | ||
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M |
股东权益CBZMSM
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $927.9M | — | ||
| Q2 24 | $891.4M | $1.4B |
总资产CBZMSM
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $4.5B | $2.5B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | $2.5B | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.2B | $2.5B |
负债/权益比CBZMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× |
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 | $192.5M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $175.5M | $7.4M |
| 自由现金流率自由现金流/营收 | 32.3% | 0.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $444.5M | — |
8季度趋势，按日历期对齐
经营现金流CBZMSM
| Q1 26 | $192.5M | — | ||
| Q4 25 | $143.6M | $29.4M | ||
| Q3 25 | $24.0M | — | ||
| Q2 25 | $113.1M | $151.6M | ||
| Q1 25 | $-88.3M | — | ||
| Q4 24 | $55.5M | $101.9M | ||
| Q3 24 | $43.7M | — | ||
| Q2 24 | $88.2M | $143.5M |
自由现金流CBZMSM
| Q1 26 | $175.5M | — | ||
| Q4 25 | $141.7M | $7.4M | ||
| Q3 25 | $22.1M | — | ||
| Q2 25 | $105.2M | $100.7M | ||
| Q1 25 | $-93.4M | — | ||
| Q4 24 | $52.3M | $81.7M | ||
| Q3 24 | $41.1M | — | ||
| Q2 24 | $86.3M | $114.0M |
自由现金流率CBZMSM
| Q1 26 | 32.3% | — | ||
| Q4 25 | 26.1% | 0.8% | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 15.4% | 10.4% | ||
| Q1 25 | -11.2% | — | ||
| Q4 24 | 11.4% | 8.8% | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 20.5% | 11.6% |
资本支出强度CBZMSM
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.2% | 5.2% | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.7% | 2.2% | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.4% | 3.0% |
现金转化率CBZMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 2.70× | 2.67× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 4.45× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
