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Copart（CPRT）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
Copart的季度营收约是SBA Communications的1.6倍（$1.2B vs $719.6M），SBA Communications净利率更高（51.5% vs 35.0%，领先16.5%），SBA Communications同比增速更快（3.7% vs 0.7%），SBA Communications自由现金流更多（$833.3M vs $427.2M），过去两年Copart的营收复合增速更高（6.4% vs 4.6%）
Copart是一家跨国在线车辆拍卖及再营销服务提供商，服务保险、租车、车队、金融公司等各类汽车经销商，业务覆盖美国、加拿大、英国、德国等11个国家。总部位于美国得克萨斯州达拉斯，拥有200多处实体网点，运营总面积超1万英亩的车辆存放场地。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
CPRT vs SBAC — 直观对比
营收规模更大
CPRT
是对方的1.6倍
$719.6M
营收增速更快
SBAC
高出3.0%
0.7%
净利率更高
SBAC
高出16.5%
35.0%
自由现金流更多
SBAC
多$406.1M
$427.2M
两年增速更快
CPRT
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $719.6M |
| 净利润 | $403.7M | $370.4M |
| 毛利率 | — | 75.6% |
| 营业利润率 | 37.3% | 41.5% |
| 净利率 | 35.0% | 51.5% |
| 营收同比 | 0.7% | 3.7% |
| 净利润同比 | 11.5% | 107.2% |
| 每股收益（稀释后） | $0.41 | $3.47 |
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CPRTSBAC
| Q4 25 | $1.2B | $719.6M | ||
| Q3 25 | $1.1B | $732.3M | ||
| Q2 25 | $1.2B | $699.0M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.1B | $693.7M | ||
| Q3 24 | $1.1B | $667.6M | ||
| Q2 24 | $1.1B | $660.5M | ||
| Q1 24 | $1.0B | $657.9M |
净利润CPRTSBAC
| Q4 25 | $403.7M | $370.4M | ||
| Q3 25 | $396.4M | $236.8M | ||
| Q2 25 | $406.6M | $225.8M | ||
| Q1 25 | $387.4M | $220.7M | ||
| Q4 24 | $362.1M | $178.8M | ||
| Q3 24 | $322.6M | $258.5M | ||
| Q2 24 | $382.3M | $162.8M | ||
| Q1 24 | $325.6M | $154.5M |
毛利率CPRTSBAC
| Q4 25 | — | 75.6% | ||
| Q3 25 | — | 74.1% | ||
| Q2 25 | — | 75.4% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | — | 78.1% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 79.0% |
营业利润率CPRTSBAC
| Q4 25 | 37.3% | 41.5% | ||
| Q3 25 | 36.7% | 51.1% | ||
| Q2 25 | 37.3% | 47.9% | ||
| Q1 25 | 36.6% | 50.4% | ||
| Q4 24 | 35.4% | 55.1% | ||
| Q3 24 | 33.6% | 56.3% | ||
| Q2 24 | 38.8% | 53.7% | ||
| Q1 24 | 37.2% | 49.2% |
净利率CPRTSBAC
| Q4 25 | 35.0% | 51.5% | ||
| Q3 25 | 35.2% | 32.3% | ||
| Q2 25 | 33.6% | 32.3% | ||
| Q1 25 | 33.3% | 33.2% | ||
| Q4 24 | 31.6% | 25.8% | ||
| Q3 24 | 30.2% | 38.7% | ||
| Q2 24 | 33.9% | 24.7% | ||
| Q1 24 | 31.9% | 23.5% |
每股收益（稀释后）CPRTSBAC
| Q4 25 | $0.41 | $3.47 | ||
| Q3 25 | $0.40 | $2.20 | ||
| Q2 25 | $0.42 | $2.09 | ||
| Q1 25 | $0.40 | $2.04 | ||
| Q4 24 | $0.37 | $1.61 | ||
| Q3 24 | $0.34 | $2.40 | ||
| Q2 24 | $0.39 | $1.51 | ||
| Q1 24 | $0.33 | $1.42 |
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 | — | $271.2M |
| 总债务越低越好 | — | $12.9B |
| 股东权益账面价值 | $9.6B | $-4.9B |
| 总资产 | $10.6B | $11.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CPRTSBAC
| Q4 25 | — | $271.2M | ||
| Q3 25 | — | $431.1M | ||
| Q2 25 | — | $276.8M | ||
| Q1 25 | — | $702.2M | ||
| Q4 24 | — | $444.4M | ||
| Q3 24 | — | $202.6M | ||
| Q2 24 | — | $250.9M | ||
| Q1 24 | — | $241.9M |
总债务CPRTSBAC
| Q4 25 | — | $12.9B | ||
| Q3 25 | — | $12.7B | ||
| Q2 25 | — | $12.5B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | $0 | $12.3B | ||
| Q2 24 | $427.0K | $12.3B | ||
| Q1 24 | $453.0K | $12.4B |
股东权益CPRTSBAC
| Q4 25 | $9.6B | $-4.9B | ||
| Q3 25 | $9.2B | $-4.9B | ||
| Q2 25 | $8.8B | $-4.9B | ||
| Q1 25 | $8.3B | $-5.0B | ||
| Q4 24 | $7.9B | $-5.1B | ||
| Q3 24 | $7.5B | $-5.2B | ||
| Q2 24 | $7.2B | $-5.3B | ||
| Q1 24 | $6.8B | $-5.2B |
总资产CPRTSBAC
| Q4 25 | $10.6B | $11.6B | ||
| Q3 25 | $10.1B | $11.3B | ||
| Q2 25 | $9.7B | $10.8B | ||
| Q1 25 | $9.2B | $10.4B | ||
| Q4 24 | $8.9B | $11.4B | ||
| Q3 24 | $8.4B | $10.2B | ||
| Q2 24 | $8.0B | $9.8B | ||
| Q1 24 | $7.6B | $10.0B |
负债/权益比CPRTSBAC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $535.3M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $427.2M | $833.3M |
| 自由现金流率自由现金流/营收 | 37.0% | 115.8% |
| 资本支出强度资本支出/营收 | 9.4% | 63.7% |
| 现金转化率经营现金流/净利润 | 1.33× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.7B |
8季度趋势，按日历期对齐
经营现金流CPRTSBAC
| Q4 25 | $535.3M | $1.3B | ||
| Q3 25 | $438.5M | $318.0M | ||
| Q2 25 | $700.9M | $368.1M | ||
| Q1 25 | $178.1M | $301.2M | ||
| Q4 24 | $482.3M | $1.3B | ||
| Q3 24 | $439.2M | $304.7M | ||
| Q2 24 | $496.3M | $425.6M | ||
| Q1 24 | $161.8M | $294.5M |
自由现金流CPRTSBAC
| Q4 25 | $427.2M | $833.3M | ||
| Q3 25 | $350.8M | $258.0M | ||
| Q2 25 | $572.9M | $312.2M | ||
| Q1 25 | $61.5M | $255.0M | ||
| Q4 24 | $245.5M | $1.2B | ||
| Q3 24 | $301.3M | $239.9M | ||
| Q2 24 | $408.5M | $375.6M | ||
| Q1 24 | $38.8M | $236.6M |
自由现金流率CPRTSBAC
| Q4 25 | 37.0% | 115.8% | ||
| Q3 25 | 31.2% | 35.2% | ||
| Q2 25 | 47.3% | 44.7% | ||
| Q1 25 | 5.3% | 38.4% | ||
| Q4 24 | 21.4% | 179.9% | ||
| Q3 24 | 28.2% | 35.9% | ||
| Q2 24 | 36.2% | 56.9% | ||
| Q1 24 | 3.8% | 36.0% |
资本支出强度CPRTSBAC
| Q4 25 | 9.4% | 63.7% | ||
| Q3 25 | 7.8% | 8.2% | ||
| Q2 25 | 10.6% | 8.0% | ||
| Q1 25 | 10.0% | 7.0% | ||
| Q4 24 | 20.6% | 12.6% | ||
| Q3 24 | 12.9% | 9.7% | ||
| Q2 24 | 7.8% | 7.6% | ||
| Q1 24 | 12.1% | 8.8% |
现金转化率CPRTSBAC
| Q4 25 | 1.33× | 3.49× | ||
| Q3 25 | 1.11× | 1.34× | ||
| Q2 25 | 1.72× | 1.63× | ||
| Q1 25 | 0.46× | 1.36× | ||
| Q4 24 | 1.33× | 7.47× | ||
| Q3 24 | 1.36× | 1.18× | ||
| Q2 24 | 1.30× | 2.61× | ||
| Q1 24 | 0.50× | 1.91× |
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
CPRT
| Services | $952.1M | 82% |
| Other | $203.0M | 18% |
SBAC
暂无分部数据
