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Copart（CPRT）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是Copart的1.7倍（$1.9B vs $1.2B），Copart净利率更高（35.0% vs 13.2%，领先21.8%），Vulcan Materials Company同比增速更快（3.2% vs 0.7%），Copart自由现金流更多（$427.2M vs $358.2M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs 6.4%）
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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
CPRT vs VMC — 直观对比
营收规模更大
VMC
是对方的1.7倍
$1.2B
营收增速更快
VMC
高出2.5%
0.7%
净利率更高
CPRT
高出21.8%
13.2%
自由现金流更多
CPRT
多$69.0M
$358.2M
两年增速更快
VMC
近两年复合增速
6.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $403.7M | $252.0M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 37.3% | 19.8% |
| 净利率 | 35.0% | 13.2% |
| 营收同比 | 0.7% | 3.2% |
| 净利润同比 | 11.5% | -14.2% |
| 每股收益（稀释后） | $0.41 | $1.90 |
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CPRTVMC
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.0B | $1.5B |
净利润CPRTVMC
| Q4 25 | $403.7M | $252.0M | ||
| Q3 25 | $396.4M | $374.9M | ||
| Q2 25 | $406.6M | $320.9M | ||
| Q1 25 | $387.4M | $128.9M | ||
| Q4 24 | $362.1M | $293.6M | ||
| Q3 24 | $322.6M | $207.6M | ||
| Q2 24 | $382.3M | $308.0M | ||
| Q1 24 | $325.6M | $102.7M |
毛利率CPRTVMC
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 19.7% |
营业利润率CPRTVMC
| Q4 25 | 37.3% | 19.8% | ||
| Q3 25 | 36.7% | 23.7% | ||
| Q2 25 | 37.3% | 22.4% | ||
| Q1 25 | 36.6% | 13.9% | ||
| Q4 24 | 35.4% | 21.6% | ||
| Q3 24 | 33.6% | 16.8% | ||
| Q2 24 | 38.8% | 22.5% | ||
| Q1 24 | 37.2% | 11.2% |
净利率CPRTVMC
| Q4 25 | 35.0% | 13.2% | ||
| Q3 25 | 35.2% | 16.4% | ||
| Q2 25 | 33.6% | 15.3% | ||
| Q1 25 | 33.3% | 7.9% | ||
| Q4 24 | 31.6% | 15.8% | ||
| Q3 24 | 30.2% | 10.4% | ||
| Q2 24 | 33.9% | 15.3% | ||
| Q1 24 | 31.9% | 6.6% |
每股收益（稀释后）CPRTVMC
| Q4 25 | $0.41 | $1.90 | ||
| Q3 25 | $0.40 | $2.82 | ||
| Q2 25 | $0.42 | $2.42 | ||
| Q1 25 | $0.40 | $0.97 | ||
| Q4 24 | $0.37 | $2.21 | ||
| Q3 24 | $0.34 | $1.56 | ||
| Q2 24 | $0.39 | $2.31 | ||
| Q1 24 | $0.33 | $0.77 |
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 | — | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $9.6B | $8.5B |
| 总资产 | $10.6B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资CPRTVMC
| Q4 25 | — | $183.3M | ||
| Q3 25 | — | $191.3M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $181.3M | ||
| Q4 24 | — | $559.7M | ||
| Q3 24 | — | $433.2M | ||
| Q2 24 | — | $111.0M | ||
| Q1 24 | — | $292.4M |
总债务CPRTVMC
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $0 | $3.3B | ||
| Q2 24 | $427.0K | $3.3B | ||
| Q1 24 | $453.0K | $3.3B |
股东权益CPRTVMC
| Q4 25 | $9.6B | $8.5B | ||
| Q3 25 | $9.2B | $8.7B | ||
| Q2 25 | $8.8B | $8.4B | ||
| Q1 25 | $8.3B | $8.1B | ||
| Q4 24 | $7.9B | $8.1B | ||
| Q3 24 | $7.5B | $7.9B | ||
| Q2 24 | $7.2B | $7.7B | ||
| Q1 24 | $6.8B | $7.5B |
总资产CPRTVMC
| Q4 25 | $10.6B | $16.7B | ||
| Q3 25 | $10.1B | $17.0B | ||
| Q2 25 | $9.7B | $17.0B | ||
| Q1 25 | $9.2B | $16.7B | ||
| Q4 24 | $8.9B | $17.1B | ||
| Q3 24 | $8.4B | $14.4B | ||
| Q2 24 | $8.0B | $14.2B | ||
| Q1 24 | $7.6B | $13.9B |
负债/权益比CPRTVMC
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 0.00× | 0.42× | ||
| Q2 24 | 0.00× | 0.43× | ||
| Q1 24 | 0.00× | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $427.2M | $358.2M |
| 自由现金流率自由现金流/营收 | 37.0% | 18.7% |
| 资本支出强度资本支出/营收 | 9.4% | 9.7% |
| 现金转化率经营现金流/净利润 | 1.33× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.1B |
8季度趋势，按日历期对齐
经营现金流CPRTVMC
| Q4 25 | $535.3M | $543.0M | ||
| Q3 25 | $438.5M | $676.8M | ||
| Q2 25 | $700.9M | $341.7M | ||
| Q1 25 | $178.1M | $251.5M | ||
| Q4 24 | $482.3M | $440.1M | ||
| Q3 24 | $439.2M | $595.0M | ||
| Q2 24 | $496.3M | $201.1M | ||
| Q1 24 | $161.8M | $173.4M |
自由现金流CPRTVMC
| Q4 25 | $427.2M | $358.2M | ||
| Q3 25 | $350.8M | $454.8M | ||
| Q2 25 | $572.9M | $238.8M | ||
| Q1 25 | $61.5M | $83.5M | ||
| Q4 24 | $245.5M | $277.6M | ||
| Q3 24 | $301.3M | $498.2M | ||
| Q2 24 | $408.5M | $9.7M | ||
| Q1 24 | $38.8M | $20.6M |
自由现金流率CPRTVMC
| Q4 25 | 37.0% | 18.7% | ||
| Q3 25 | 31.2% | 19.8% | ||
| Q2 25 | 47.3% | 11.4% | ||
| Q1 25 | 5.3% | 5.1% | ||
| Q4 24 | 21.4% | 15.0% | ||
| Q3 24 | 28.2% | 24.9% | ||
| Q2 24 | 36.2% | 0.5% | ||
| Q1 24 | 3.8% | 1.3% |
资本支出强度CPRTVMC
| Q4 25 | 9.4% | 9.7% | ||
| Q3 25 | 7.8% | 9.7% | ||
| Q2 25 | 10.6% | 4.9% | ||
| Q1 25 | 10.0% | 10.3% | ||
| Q4 24 | 20.6% | 8.8% | ||
| Q3 24 | 12.9% | 4.8% | ||
| Q2 24 | 7.8% | 9.5% | ||
| Q1 24 | 12.1% | 9.9% |
现金转化率CPRTVMC
| Q4 25 | 1.33× | 2.15× | ||
| Q3 25 | 1.11× | 1.81× | ||
| Q2 25 | 1.72× | 1.06× | ||
| Q1 25 | 0.46× | 1.95× | ||
| Q4 24 | 1.33× | 1.50× | ||
| Q3 24 | 1.36× | 2.87× | ||
| Q2 24 | 1.30× | 0.65× | ||
| Q1 24 | 0.50× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
