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AMERICAS CARMART INC（CRMT）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
潘世奇汽车集团的季度营收约是AMERICAS CARMART INC的30.9倍（$8.8B vs $286.3M）。潘世奇汽车集团净利率更高（2.6% vs -7.8%，领先10.4%）。潘世奇汽车集团同比增速更快（14.6% vs 0.2%）。潘世奇汽车集团自由现金流更多（$25.1M vs $8.3M）。过去两年AMERICAS CARMART INC的营收复合增速更高（9.1% vs 9.0%）
Americas CarMart Inc是美国专业汽车零售商，主要销售二手车，为信用记录有限或信用不佳的客户提供定制化内部融资方案，其线下门店网络集中在美国南部和中西部地区，服务购车市场中需求未被充分覆盖的消费群体。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
CRMT vs PAG — 直观对比
营收规模更大
PAG
是对方的30.9倍
$286.3M
营收增速更快
PAG
高出14.4%
0.2%
净利率更高
PAG
高出10.4%
-7.8%
自由现金流更多
PAG
多$16.8M
$8.3M
两年增速更快
CRMT
近两年复合增速
9.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $286.3M | $8.8B |
| 净利润 | $-22.5M | $228.1M |
| 毛利率 | 37.5% | 15.9% |
| 营业利润率 | -9.6% | 3.6% |
| 净利率 | -7.8% | 2.6% |
| 营收同比 | 0.2% | 14.6% |
| 净利润同比 | -540.7% | -3.5% |
| 每股收益（稀释后） | $-2.71 | $3.46 |
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CRMTPAG
| Q4 25 | $286.3M | $8.8B | ||
| Q3 25 | $276.2M | $7.7B | ||
| Q2 25 | $309.7M | $7.7B | ||
| Q1 25 | $263.5M | $7.6B | ||
| Q4 24 | $285.8M | $7.7B | ||
| Q3 24 | $287.2M | $7.6B | ||
| Q2 24 | $309.7M | $7.7B | ||
| Q1 24 | $240.4M | $7.4B |
净利润CRMTPAG
| Q4 25 | $-22.5M | $228.1M | ||
| Q3 25 | $-5.7M | $213.0M | ||
| Q2 25 | $10.6M | $250.0M | ||
| Q1 25 | $3.2M | $244.3M | ||
| Q4 24 | $5.1M | $236.4M | ||
| Q3 24 | $-964.0K | $226.1M | ||
| Q2 24 | $426.0K | $241.2M | ||
| Q1 24 | $-8.5M | $215.2M |
毛利率CRMTPAG
| Q4 25 | 37.5% | 15.9% | ||
| Q3 25 | 36.6% | 16.2% | ||
| Q2 25 | 36.4% | 16.9% | ||
| Q1 25 | 35.7% | 16.7% | ||
| Q4 24 | 39.4% | 16.3% | ||
| Q3 24 | 35.0% | 16.4% | ||
| Q2 24 | 35.1% | 16.4% | ||
| Q1 24 | 34.2% | 16.7% |
营业利润率CRMTPAG
| Q4 25 | -9.6% | 3.6% | ||
| Q3 25 | -2.7% | 3.9% | ||
| Q2 25 | 4.0% | 4.5% | ||
| Q1 25 | 1.7% | 4.1% | ||
| Q4 24 | 2.5% | 4.3% | ||
| Q3 24 | -0.4% | 4.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | -4.3% | 4.4% |
净利率CRMTPAG
| Q4 25 | -7.8% | 2.6% | ||
| Q3 25 | -2.1% | 2.8% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 1.2% | 3.2% | ||
| Q4 24 | 1.8% | 3.1% | ||
| Q3 24 | -0.3% | 3.0% | ||
| Q2 24 | 0.1% | 3.1% | ||
| Q1 24 | -3.6% | 2.9% |
每股收益（稀释后）CRMTPAG
| Q4 25 | $-2.71 | $3.46 | ||
| Q3 25 | $-0.69 | $3.23 | ||
| Q2 25 | $1.50 | $3.78 | ||
| Q1 25 | $0.37 | $3.66 | ||
| Q4 24 | $0.61 | $3.53 | ||
| Q3 24 | $-0.15 | $3.39 | ||
| Q2 24 | $0.09 | $3.61 | ||
| Q1 24 | $-1.34 | $3.21 |
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 | $122.4M | $64.7M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $555.0M | $5.6B |
| 总资产 | $1.7B | $17.6B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资CRMTPAG
| Q4 25 | $122.4M | $64.7M | ||
| Q3 25 | $9.7M | $80.3M | ||
| Q2 25 | $9.8M | $155.3M | ||
| Q1 25 | $8.5M | $118.4M | ||
| Q4 24 | $8.0M | $72.4M | ||
| Q3 24 | $4.7M | $91.9M | ||
| Q2 24 | $5.5M | $115.1M | ||
| Q1 24 | $4.2M | $116.9M |
总债务CRMTPAG
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
股东权益CRMTPAG
| Q4 25 | $555.0M | $5.6B | ||
| Q3 25 | $564.8M | $5.7B | ||
| Q2 25 | $569.4M | $5.6B | ||
| Q1 25 | $557.8M | $5.4B | ||
| Q4 24 | $553.6M | $5.2B | ||
| Q3 24 | $471.1M | $5.2B | ||
| Q2 24 | $470.6M | $5.0B | ||
| Q1 24 | $468.9M | $4.8B |
总资产CRMTPAG
| Q4 25 | $1.7B | $17.6B | ||
| Q3 25 | $1.6B | $17.1B | ||
| Q2 25 | $1.6B | $17.4B | ||
| Q1 25 | $1.6B | $16.9B | ||
| Q4 24 | $1.6B | $16.7B | ||
| Q3 24 | $1.5B | $17.1B | ||
| Q2 24 | $1.5B | $16.6B | ||
| Q1 24 | $1.5B | $16.1B |
负债/权益比CRMTPAG
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.36× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
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 | $9.1M | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | $25.1M |
| 自由现金流率自由现金流/营收 | 2.9% | 0.3% |
| 资本支出强度资本支出/营收 | 0.3% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 0.54× |
| 过去12个月自由现金流最近4个季度 | $-11.2M | $650.5M |
8季度趋势，按日历期对齐
经营现金流CRMTPAG
| Q4 25 | $9.1M | $123.2M | ||
| Q3 25 | $-5.9M | $379.5M | ||
| Q2 25 | $19.2M | $189.7M | ||
| Q1 25 | $-30.8M | $282.7M | ||
| Q4 24 | $-22.2M | $217.7M | ||
| Q3 24 | $-15.0M | $271.0M | ||
| Q2 24 | $-10.7M | $235.1M | ||
| Q1 24 | $13.0M | $456.0M |
自由现金流CRMTPAG
| Q4 25 | $8.3M | $25.1M | ||
| Q3 25 | $-6.4M | $300.4M | ||
| Q2 25 | $18.4M | $118.9M | ||
| Q1 25 | $-31.5M | $206.1M | ||
| Q4 24 | $-23.6M | $131.6M | ||
| Q3 24 | $-16.0M | $190.1M | ||
| Q2 24 | $-12.0M | $135.9M | ||
| Q1 24 | $10.2M | $353.5M |
自由现金流率CRMTPAG
| Q4 25 | 2.9% | 0.3% | ||
| Q3 25 | -2.3% | 3.9% | ||
| Q2 25 | 5.9% | 1.6% | ||
| Q1 25 | -12.0% | 2.7% | ||
| Q4 24 | -8.3% | 1.7% | ||
| Q3 24 | -5.6% | 2.5% | ||
| Q2 24 | -3.9% | 1.8% | ||
| Q1 24 | 4.3% | 4.7% |
资本支出强度CRMTPAG
| Q4 25 | 0.3% | 1.1% | ||
| Q3 25 | 0.2% | 1.0% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.3% | 1.1% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 1.1% | 1.4% |
现金转化率CRMTPAG
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | 1.81× | 0.76× | ||
| Q1 25 | -9.73× | 1.16× | ||
| Q4 24 | -4.36× | 0.92× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | -25.18× | 0.97× | ||
| Q1 24 | — | 2.12× |
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
CRMT
| Sales Used Autos | $241.4M | 84% |
| Service Contract Sales | $23.6M | 8% |
| Wholesales Third Party | $12.6M | 4% |
| Payment Protection Plan Revenue | $8.7M | 3% |
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
