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CARVANA CO.（CVNA）与固安捷（GWW）财务数据对比。点击上方公司名可切换其他公司
CARVANA CO.的季度营收约是固安捷的1.3倍（$5.6B vs $4.4B），CARVANA CO.净利率更高（15.3% vs 10.2%，领先5.1%），CARVANA CO.同比增速更快（58.0% vs 4.5%），CARVANA CO.自由现金流更多（$379.0M vs $269.0M），过去两年CARVANA CO.的营收复合增速更高（35.3% vs 2.2%）
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
CVNA vs GWW — 直观对比
营收规模更大
CVNA
是对方的1.3倍
$4.4B
营收增速更快
CVNA
高出53.4%
4.5%
净利率更高
CVNA
高出5.1%
10.2%
自由现金流更多
CVNA
多$110.0M
$269.0M
两年增速更快
CVNA
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $4.4B |
| 净利润 | $857.0M | $451.0M |
| 毛利率 | 18.8% | 39.5% |
| 营业利润率 | 7.6% | 14.3% |
| 净利率 | 15.3% | 10.2% |
| 营收同比 | 58.0% | 4.5% |
| 净利润同比 | 984.8% | -5.1% |
| 每股收益（稀释后） | — | $9.45 |
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CVNAGWW
| Q4 25 | $5.6B | $4.4B | ||
| Q3 25 | $5.6B | $4.7B | ||
| Q2 25 | $4.8B | $4.6B | ||
| Q1 25 | $4.2B | $4.3B | ||
| Q4 24 | $3.5B | $4.2B | ||
| Q3 24 | $3.7B | $4.4B | ||
| Q2 24 | $3.4B | $4.3B | ||
| Q1 24 | $3.1B | $4.2B |
净利润CVNAGWW
| Q4 25 | $857.0M | $451.0M | ||
| Q3 25 | $151.0M | $294.0M | ||
| Q2 25 | $183.0M | $482.0M | ||
| Q1 25 | $216.0M | $479.0M | ||
| Q4 24 | $79.0M | $475.0M | ||
| Q3 24 | $85.0M | $486.0M | ||
| Q2 24 | $18.0M | $470.0M | ||
| Q1 24 | $28.0M | $478.0M |
毛利率CVNAGWW
| Q4 25 | 18.8% | 39.5% | ||
| Q3 25 | 20.3% | 38.6% | ||
| Q2 25 | 22.0% | 38.5% | ||
| Q1 25 | 22.0% | 39.7% | ||
| Q4 24 | 21.5% | 39.6% | ||
| Q3 24 | 22.1% | 39.2% | ||
| Q2 24 | 21.0% | 39.3% | ||
| Q1 24 | 19.3% | 39.4% |
营业利润率CVNAGWW
| Q4 25 | 7.6% | 14.3% | ||
| Q3 25 | 9.8% | 11.0% | ||
| Q2 25 | 10.6% | 14.9% | ||
| Q1 25 | 9.3% | 15.6% | ||
| Q4 24 | 7.3% | 15.0% | ||
| Q3 24 | 9.2% | 15.6% | ||
| Q2 24 | 7.6% | 15.1% | ||
| Q1 24 | 4.4% | 15.8% |
净利率CVNAGWW
| Q4 25 | 15.3% | 10.2% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 3.8% | 10.6% | ||
| Q1 25 | 5.1% | 11.1% | ||
| Q4 24 | 2.2% | 11.2% | ||
| Q3 24 | 2.3% | 11.1% | ||
| Q2 24 | 0.5% | 10.9% | ||
| Q1 24 | 0.9% | 11.3% |
每股收益（稀释后）CVNAGWW
| Q4 25 | — | $9.45 | ||
| Q3 25 | — | $6.12 | ||
| Q2 25 | — | $9.97 | ||
| Q1 25 | — | $9.86 | ||
| Q4 24 | — | $9.71 | ||
| Q3 24 | — | $9.87 | ||
| Q2 24 | — | $9.51 | ||
| Q1 24 | $0.24 | $9.62 |
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 | $2.3B | $585.0M |
| 总债务越低越好 | $4.9B | $2.5B |
| 股东权益账面价值 | $3.4B | $3.7B |
| 总资产 | $13.2B | $9.0B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CVNAGWW
| Q4 25 | $2.3B | $585.0M | ||
| Q3 25 | $2.1B | $535.0M | ||
| Q2 25 | $1.9B | $597.0M | ||
| Q1 25 | $1.9B | $666.0M | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $871.0M | $1.4B | ||
| Q2 24 | $542.0M | $769.0M | ||
| Q1 24 | $252.0M | $804.0M |
总债务CVNAGWW
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $5.3B | $2.8B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益CVNAGWW
| Q4 25 | $3.4B | $3.7B | ||
| Q3 25 | $2.3B | $3.6B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $611.0M | $3.5B | ||
| Q2 24 | $526.0M | $3.3B | ||
| Q1 24 | $289.0M | $3.2B |
总资产CVNAGWW
| Q4 25 | $13.2B | $9.0B | ||
| Q3 25 | $9.9B | $8.8B | ||
| Q2 25 | $9.4B | $8.9B | ||
| Q1 25 | $8.9B | $8.7B | ||
| Q4 24 | $8.5B | $8.8B | ||
| Q3 24 | $7.4B | $9.1B | ||
| Q2 24 | $7.2B | $8.4B | ||
| Q1 24 | $7.0B | $8.4B |
负债/权益比CVNAGWW
| Q4 25 | 1.43× | 0.67× | ||
| Q3 25 | — | 0.67× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 4.20× | 0.83× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.56× |
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 | $430.0M | $395.0M |
| 自由现金流经营现金流 - 资本支出 | $379.0M | $269.0M |
| 自由现金流率自由现金流/营收 | 6.8% | 6.1% |
| 资本支出强度资本支出/营收 | 0.9% | 2.8% |
| 现金转化率经营现金流/净利润 | 0.50× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $889.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流CVNAGWW
| Q4 25 | $430.0M | $395.0M | ||
| Q3 25 | $345.0M | $597.0M | ||
| Q2 25 | $29.0M | $377.0M | ||
| Q1 25 | $232.0M | $646.0M | ||
| Q4 24 | $60.0M | $428.0M | ||
| Q3 24 | $403.0M | $611.0M | ||
| Q2 24 | $354.0M | $411.0M | ||
| Q1 24 | $101.0M | $661.0M |
自由现金流CVNAGWW
| Q4 25 | $379.0M | $269.0M | ||
| Q3 25 | $307.0M | $339.0M | ||
| Q2 25 | $-2.0M | $202.0M | ||
| Q1 25 | $205.0M | $521.0M | ||
| Q4 24 | $36.0M | $170.0M | ||
| Q3 24 | $376.0M | $523.0M | ||
| Q2 24 | $332.0M | $335.0M | ||
| Q1 24 | $83.0M | $542.0M |
自由现金流率CVNAGWW
| Q4 25 | 6.8% | 6.1% | ||
| Q3 25 | 5.4% | 7.3% | ||
| Q2 25 | -0.0% | 4.4% | ||
| Q1 25 | 4.8% | 12.1% | ||
| Q4 24 | 1.0% | 4.0% | ||
| Q3 24 | 10.3% | 11.9% | ||
| Q2 24 | 9.7% | 7.8% | ||
| Q1 24 | 2.7% | 12.8% |
资本支出强度CVNAGWW
| Q4 25 | 0.9% | 2.8% | ||
| Q3 25 | 0.7% | 5.5% | ||
| Q2 25 | 0.6% | 3.8% | ||
| Q1 25 | 0.6% | 2.9% | ||
| Q4 24 | 0.7% | 6.1% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 0.6% | 1.8% | ||
| Q1 24 | 0.6% | 2.8% |
现金转化率CVNAGWW
| Q4 25 | 0.50× | 0.88× | ||
| Q3 25 | 2.28× | 2.03× | ||
| Q2 25 | 0.16× | 0.78× | ||
| Q1 25 | 1.07× | 1.35× | ||
| Q4 24 | 0.76× | 0.90× | ||
| Q3 24 | 4.74× | 1.26× | ||
| Q2 24 | 19.67× | 0.87× | ||
| Q1 24 | 3.61× | 1.38× |
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
CVNA
| Used Vehicle Sales | $4.2B | 74% |
| Wholesale Sales And Revenues | $988.0M | 18% |
| Other | $459.0M | 8% |
GWW
暂无分部数据
