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Custom Truck One Source, Inc.（CTOS）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Custom Truck One Source, Inc.的1.2倍（$510.9M vs $422.2M），MSA Safety Inc净利率更高（17.0% vs -4.2%，领先21.2%），MSA Safety Inc同比增速更快（2.2% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% vs 11.2%）
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
CTOS vs MSA — 直观对比
营收规模更大
MSA
是对方的1.2倍
$422.2M
营收增速更快
MSA
高出10.8%
-8.5%
净利率更高
MSA
高出21.2%
-4.2%
两年增速更快
CTOS
近两年复合增速
11.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $422.2M | $510.9M |
| 净利润 | $-17.8M | $86.9M |
| 毛利率 | 20.3% | 46.9% |
| 营业利润率 | 2.9% | 22.3% |
| 净利率 | -4.2% | 17.0% |
| 营收同比 | -8.5% | 2.2% |
| 净利润同比 | -333.7% | -1.2% |
| 每股收益（稀释后） | $-0.08 | $2.22 |
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CTOSMSA
| Q1 26 | $422.2M | — | ||
| Q4 25 | $387.3M | $510.9M | ||
| Q3 25 | $359.9M | $468.4M | ||
| Q2 25 | $392.2M | $474.1M | ||
| Q1 25 | $307.1M | $421.3M | ||
| Q4 24 | $398.3M | $499.7M | ||
| Q3 24 | $337.5M | $432.7M | ||
| Q2 24 | $320.6M | $462.5M |
净利润CTOSMSA
| Q1 26 | $-17.8M | — | ||
| Q4 25 | $20.9M | $86.9M | ||
| Q3 25 | $-5.8M | $69.6M | ||
| Q2 25 | $-28.4M | $62.8M | ||
| Q1 25 | $-17.8M | $59.6M | ||
| Q4 24 | $27.6M | $87.9M | ||
| Q3 24 | $-17.4M | $66.6M | ||
| Q2 24 | $-24.5M | $72.2M |
毛利率CTOSMSA
| Q1 26 | 20.3% | — | ||
| Q4 25 | 31.8% | 46.9% | ||
| Q3 25 | 28.0% | 46.5% | ||
| Q2 25 | 26.1% | 46.6% | ||
| Q1 25 | 27.9% | 45.9% | ||
| Q4 24 | 29.7% | 46.9% | ||
| Q3 24 | 27.2% | 47.9% | ||
| Q2 24 | 27.8% | 48.2% |
营业利润率CTOSMSA
| Q1 26 | 2.9% | — | ||
| Q4 25 | 13.4% | 22.3% | ||
| Q3 25 | 9.1% | 20.1% | ||
| Q2 25 | 7.1% | 18.1% | ||
| Q1 25 | 4.0% | 18.5% | ||
| Q4 24 | 16.9% | 23.5% | ||
| Q3 24 | 6.8% | 21.1% | ||
| Q2 24 | 5.5% | 21.6% |
净利率CTOSMSA
| Q1 26 | -4.2% | — | ||
| Q4 25 | 5.4% | 17.0% | ||
| Q3 25 | -1.6% | 14.9% | ||
| Q2 25 | -7.2% | 13.2% | ||
| Q1 25 | -5.8% | 14.1% | ||
| Q4 24 | 6.9% | 17.6% | ||
| Q3 24 | -5.2% | 15.4% | ||
| Q2 24 | -7.6% | 15.6% |
每股收益（稀释后）CTOSMSA
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $0.10 | $2.22 | ||
| Q3 25 | $-0.03 | $1.77 | ||
| Q2 25 | $-0.13 | $1.59 | ||
| Q1 25 | $-0.08 | $1.51 | ||
| Q4 24 | $0.11 | $2.22 | ||
| Q3 24 | $-0.07 | $1.69 | ||
| Q2 24 | $-0.10 | $1.83 |
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 | $6.3M | $165.1M |
| 总债务越低越好 | $25.9M | $580.9M |
| 股东权益账面价值 | $809.1M | $1.4B |
| 总资产 | $3.4B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CTOSMSA
| Q1 26 | $6.3M | — | ||
| Q4 25 | $6.3M | $165.1M | ||
| Q3 25 | $13.1M | $170.0M | ||
| Q2 25 | $5.3M | $147.0M | ||
| Q1 25 | $5.4M | $170.6M | ||
| Q4 24 | $3.8M | $164.6M | ||
| Q3 24 | $8.4M | $154.4M | ||
| Q2 24 | $8.1M | $146.8M |
总债务CTOSMSA
| Q1 26 | $25.9M | — | ||
| Q4 25 | $1.6B | $580.9M | ||
| Q3 25 | $1.6B | $628.6M | ||
| Q2 25 | $1.6B | $679.3M | ||
| Q1 25 | $1.6B | $502.1M | ||
| Q4 24 | $1.5B | $508.0M | ||
| Q3 24 | $1.6B | $554.7M | ||
| Q2 24 | $1.5B | $588.2M |
股东权益CTOSMSA
| Q1 26 | $809.1M | — | ||
| Q4 25 | $809.1M | $1.4B | ||
| Q3 25 | $784.7M | $1.3B | ||
| Q2 25 | $790.1M | $1.3B | ||
| Q1 25 | $813.4M | $1.2B | ||
| Q4 24 | $861.3M | $1.1B | ||
| Q3 24 | $837.5M | $1.1B | ||
| Q2 24 | $856.7M | $1.0B |
总资产CTOSMSA
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $2.6B | ||
| Q3 25 | $3.5B | $2.6B | ||
| Q2 25 | $3.6B | $2.6B | ||
| Q1 25 | $3.5B | $2.2B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.5B | $2.2B |
负债/权益比CTOSMSA
| Q1 26 | 0.03× | — | ||
| Q4 25 | 2.03× | 0.42× | ||
| Q3 25 | 2.10× | 0.48× | ||
| Q2 25 | 2.04× | 0.54× | ||
| Q1 25 | 1.97× | 0.42× | ||
| Q4 24 | 1.77× | 0.44× | ||
| Q3 24 | 1.87× | 0.51× | ||
| Q2 24 | 1.79× | 0.57× |
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 | — | $122.4M |
| 自由现金流经营现金流 - 资本支出 | — | $106.0M |
| 自由现金流率自由现金流/营收 | — | 20.8% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流CTOSMSA
| Q1 26 | — | — | ||
| Q4 25 | $47.3M | $122.4M | ||
| Q3 25 | $81.5M | $112.5M | ||
| Q2 25 | $125.7M | $67.2M | ||
| Q1 25 | $55.6M | $61.8M | ||
| Q4 24 | $82.1M | $107.9M | ||
| Q3 24 | $16.5M | $84.3M | ||
| Q2 24 | $37.8M | $53.3M |
自由现金流CTOSMSA
| Q1 26 | — | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M |
自由现金流率CTOSMSA
| Q1 26 | — | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% |
资本支出强度CTOSMSA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% |
现金转化率CTOSMSA
| Q1 26 | — | — | ||
| Q4 25 | 2.27× | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 2.98× | 1.23× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.74× |
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
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
