vs
AMCON DISTRIBUTING CO（DIT）与ETSY INC（ETSY）财务数据对比。点击上方公司名可切换其他公司
ETSY INC的季度营收约是AMCON DISTRIBUTING CO的1.2倍（$881.6M vs $730.1M），ETSY INC净利率更高（12.6% vs 0.1%，领先12.5%），ETSY INC同比增速更快（3.5% vs 2.6%），ETSY INC自由现金流更多（$315.9M vs $-12.4M），过去两年ETSY INC的营收复合增速更高（16.8% vs 10.1%）
AMCON Distributing Co是一家总部位于美国的消费品分销企业，主营食品、饮料、美妆个护、烟草及日用百货的分销业务，主要服务美国本土的独立便利店、食品零售商、药店及其他小型零售网点。
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
DIT vs ETSY — 直观对比
营收规模更大
ETSY
是对方的1.2倍
$730.1M
营收增速更快
ETSY
高出0.8%
2.6%
净利率更高
ETSY
高出12.5%
0.1%
自由现金流更多
ETSY
多$328.2M
$-12.4M
两年增速更快
ETSY
近两年复合增速
10.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $730.1M | $881.6M |
| 净利润 | $793.0K | $110.7M |
| 毛利率 | 6.6% | 73.1% |
| 营业利润率 | 0.5% | 14.7% |
| 净利率 | 0.1% | 12.6% |
| 营收同比 | 2.6% | 3.5% |
| 净利润同比 | 127.6% | -14.8% |
| 每股收益（稀释后） | $1.28 | $1.00 |
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DITETSY
| Q4 25 | $730.1M | $881.6M | ||
| Q3 25 | $746.3M | $678.0M | ||
| Q2 25 | $739.6M | $672.7M | ||
| Q1 25 | $619.5M | $651.2M | ||
| Q4 24 | $711.3M | $852.2M | ||
| Q3 24 | $746.3M | $662.4M | ||
| Q2 24 | $717.9M | $647.8M | ||
| Q1 24 | $601.9M | $646.0M |
净利润DITETSY
| Q4 25 | $793.0K | $110.7M | ||
| Q3 25 | $491.7K | $75.5M | ||
| Q2 25 | $1.3M | $28.8M | ||
| Q1 25 | $-1.6M | $-52.1M | ||
| Q4 24 | $348.4K | $129.9M | ||
| Q3 24 | $1.2M | $57.4M | ||
| Q2 24 | $1.5M | $53.0M | ||
| Q1 24 | $539.5K | $63.0M |
毛利率DITETSY
| Q4 25 | 6.6% | 73.1% | ||
| Q3 25 | 6.5% | 71.3% | ||
| Q2 25 | 6.7% | 71.2% | ||
| Q1 25 | 6.9% | 70.5% | ||
| Q4 24 | 6.6% | 74.5% | ||
| Q3 24 | 6.5% | 72.0% | ||
| Q2 24 | 6.7% | 71.6% | ||
| Q1 24 | 7.0% | 71.0% |
营业利润率DITETSY
| Q4 25 | 0.5% | 14.7% | ||
| Q3 25 | 0.5% | 12.2% | ||
| Q2 25 | 0.7% | 11.4% | ||
| Q1 25 | 0.1% | -3.4% | ||
| Q4 24 | 0.5% | 18.2% | ||
| Q3 24 | 0.7% | 13.1% | ||
| Q2 24 | 0.8% | 10.8% | ||
| Q1 24 | 0.6% | 10.5% |
净利率DITETSY
| Q4 25 | 0.1% | 12.6% | ||
| Q3 25 | 0.1% | 11.1% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | -0.3% | -8.0% | ||
| Q4 24 | 0.0% | 15.2% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 0.2% | 8.2% | ||
| Q1 24 | 0.1% | 9.8% |
每股收益（稀释后）DITETSY
| Q4 25 | $1.28 | $1.00 | ||
| Q3 25 | $0.80 | $0.63 | ||
| Q2 25 | $2.13 | $0.25 | ||
| Q1 25 | $-2.58 | $-0.49 | ||
| Q4 24 | $0.57 | $1.01 | ||
| Q3 24 | $2.02 | $0.45 | ||
| Q2 24 | $2.46 | $0.41 | ||
| Q1 24 | $0.89 | $0.48 |
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 | — | $1.4B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $114.1M | $-1.1B |
| 总资产 | $378.7M | $2.8B |
| 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DITETSY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $649.2M | ||
| Q4 24 | — | $811.2M | ||
| Q3 24 | — | $818.9M | ||
| Q2 24 | — | $759.2M | ||
| Q1 24 | — | $788.8M |
总债务DITETSY
| Q4 25 | — | $2.3B | ||
| Q3 25 | $16.5M | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $21.8M | $2.3B | ||
| Q2 24 | $23.3M | $2.3B | ||
| Q1 24 | $20.5M | $2.3B |
股东权益DITETSY
| Q4 25 | $114.1M | $-1.1B | ||
| Q3 25 | $113.1M | $-1.1B | ||
| Q2 25 | $113.2M | $-1.1B | ||
| Q1 25 | $111.4M | $-910.3M | ||
| Q4 24 | $112.4M | $-758.9M | ||
| Q3 24 | $111.7M | $-624.3M | ||
| Q2 24 | $110.0M | $-635.0M | ||
| Q1 24 | $108.0M | $-583.8M |
总资产DITETSY
| Q4 25 | $378.7M | $2.8B | ||
| Q3 25 | $391.1M | $2.7B | ||
| Q2 25 | $393.9M | $2.6B | ||
| Q1 25 | $392.0M | $2.1B | ||
| Q4 24 | $404.7M | $2.4B | ||
| Q3 24 | $374.1M | $2.4B | ||
| Q2 24 | $400.6M | $2.4B | ||
| Q1 24 | $336.2M | $2.5B |
负债/权益比DITETSY
| Q4 25 | — | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.19× | — |
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 | $-11.7M | $317.1M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $315.9M |
| 自由现金流率自由现金流/营收 | -1.7% | 35.8% |
| 资本支出强度资本支出/营收 | 0.1% | 0.1% |
| 现金转化率经营现金流/净利润 | -14.75× | 2.86× |
| 过去12个月自由现金流最近4个季度 | $40.6M | $678.0M |
8季度趋势，按日历期对齐
经营现金流DITETSY
| Q4 25 | $-11.7M | $317.1M | ||
| Q3 25 | $31.1M | $219.0M | ||
| Q2 25 | $-7.0M | $108.1M | ||
| Q1 25 | $34.4M | $49.2M | ||
| Q4 24 | $-39.9M | $315.0M | ||
| Q3 24 | $41.0M | $217.4M | ||
| Q2 24 | $-26.9M | $151.1M | ||
| Q1 24 | $48.8M | $69.0M |
自由现金流DITETSY
| Q4 25 | $-12.4M | $315.9M | ||
| Q3 25 | $30.4M | $215.0M | ||
| Q2 25 | $-8.8M | $101.3M | ||
| Q1 25 | $31.4M | $45.9M | ||
| Q4 24 | $-43.3M | $310.9M | ||
| Q3 24 | $37.4M | $213.2M | ||
| Q2 24 | $-32.6M | $147.4M | ||
| Q1 24 | $41.6M | $66.8M |
自由现金流率DITETSY
| Q4 25 | -1.7% | 35.8% | ||
| Q3 25 | 4.1% | 31.7% | ||
| Q2 25 | -1.2% | 15.1% | ||
| Q1 25 | 5.1% | 7.1% | ||
| Q4 24 | -6.1% | 36.5% | ||
| Q3 24 | 5.0% | 32.2% | ||
| Q2 24 | -4.5% | 22.8% | ||
| Q1 24 | 6.9% | 10.3% |
资本支出强度DITETSY
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.1% | 0.6% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.8% | 0.6% | ||
| Q1 24 | 1.2% | 0.3% |
现金转化率DITETSY
| Q4 25 | -14.75× | 2.86× | ||
| Q3 25 | 63.32× | 2.90× | ||
| Q2 25 | -5.33× | 3.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | -114.43× | 2.42× | ||
| Q3 24 | 33.16× | 3.79× | ||
| Q2 24 | -18.05× | 2.85× | ||
| Q1 24 | 90.37× | 1.10× |
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
DIT
| Cigarettes | $446.5M | 61% |
| Tobacco | $143.7M | 20% |
| Tobacco Food Service And Other | $82.3M | 11% |
| Confectionery | $46.7M | 6% |
| Retail Segment | $10.8M | 1% |
ETSY
| Marketplace Revenue | $612.4M | 69% |
| Services Revenue | $269.2M | 31% |
