vs
Dollar Tree（DLTR）与江森自控（JCI）财务数据对比。点击上方公司名可切换其他公司
江森自控的季度营收约是Dollar Tree的1.2倍（$5.8B vs $4.7B），江森自控净利率更高（9.0% vs 5.2%，领先3.9%），江森自控同比增速更快（6.8% vs -37.2%），江森自控自由现金流更多（$531.0M vs $-57.1M），过去两年江森自控的营收复合增速更高（-7.0% vs -25.9%）
Dollar Tree是美国多价位折扣百货连锁企业，位列《财富》500强，总部位于弗吉尼亚州切萨皮克。公司在美国本土48个毗连州及加拿大共运营15115家门店，旗下24个配送中心组成的全国物流网络为所有门店提供运营支持。
江森自控是总部位于爱尔兰科克的跨国综合企业，专注于为各类建筑提供消防、暖通空调及安防设备，业务覆盖六大洲近2000个地点，2019年中期员工规模达10.5万人，曾位列2017年《财富》全球500强第389位。
DLTR vs JCI — 直观对比
营收规模更大
JCI
是对方的1.2倍
$4.7B
营收增速更快
JCI
高出44.1%
-37.2%
净利率更高
JCI
高出3.9%
5.2%
自由现金流更多
JCI
多$588.1M
$-57.1M
两年增速更快
JCI
近两年复合增速
-25.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $5.8B |
| 净利润 | $244.6M | $524.0M |
| 毛利率 | 35.8% | 35.8% |
| 营业利润率 | 7.2% | — |
| 净利率 | 5.2% | 9.0% |
| 营收同比 | -37.2% | 6.8% |
| 净利润同比 | 4.8% | 25.1% |
| 每股收益（稀释后） | $1.20 | $0.85 |
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DLTRJCI
| Q4 25 | $4.7B | $5.8B | ||
| Q3 25 | $4.6B | $6.4B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $5.0B | $5.7B | ||
| Q4 24 | $7.6B | $5.4B | ||
| Q3 24 | $7.4B | $2.9B | ||
| Q2 24 | $7.6B | $7.2B | ||
| Q1 24 | $8.6B | $6.7B |
净利润DLTRJCI
| Q4 25 | $244.6M | $524.0M | ||
| Q3 25 | $188.4M | $1.7B | ||
| Q2 25 | $343.4M | $701.0M | ||
| Q1 25 | $-3.7B | $478.0M | ||
| Q4 24 | $233.3M | $419.0M | ||
| Q3 24 | $132.4M | $633.0M | ||
| Q2 24 | $300.1M | $975.0M | ||
| Q1 24 | $-1.7B | $-277.0M |
毛利率DLTRJCI
| Q4 25 | 35.8% | 35.8% | ||
| Q3 25 | 34.4% | 36.5% | ||
| Q2 25 | 35.6% | 37.1% | ||
| Q1 25 | 37.6% | 36.5% | ||
| Q4 24 | 30.9% | 35.5% | ||
| Q3 24 | 30.0% | 48.4% | ||
| Q2 24 | 30.8% | 34.4% | ||
| Q1 24 | 32.1% | 32.6% |
营业利润率DLTRJCI
| Q4 25 | 7.2% | — | ||
| Q3 25 | 5.1% | 5.5% | ||
| Q2 25 | 8.3% | 11.6% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 4.4% | 7.5% | ||
| Q3 24 | 2.8% | 6.9% | ||
| Q2 24 | 5.5% | 17.7% | ||
| Q1 24 | -21.9% | -5.4% |
净利率DLTRJCI
| Q4 25 | 5.2% | 9.0% | ||
| Q3 25 | 4.1% | 26.3% | ||
| Q2 25 | 7.4% | 11.6% | ||
| Q1 25 | -74.0% | 8.4% | ||
| Q4 24 | 3.1% | 7.7% | ||
| Q3 24 | 1.8% | 21.6% | ||
| Q2 24 | 3.9% | 13.5% | ||
| Q1 24 | -19.8% | -4.1% |
每股收益（稀释后）DLTRJCI
| Q4 25 | $1.20 | $0.85 | ||
| Q3 25 | $0.91 | $2.61 | ||
| Q2 25 | $1.61 | $1.07 | ||
| Q1 25 | $-17.17 | $0.72 | ||
| Q4 24 | $1.08 | $0.63 | ||
| Q3 24 | $0.62 | $0.93 | ||
| Q2 24 | $1.38 | $1.45 | ||
| Q1 24 | $-7.78 | $-0.41 |
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 | $594.8M | $552.0M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $3.5B | $13.2B |
| 总资产 | $13.7B | $38.0B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资DLTRJCI
| Q4 25 | $594.8M | $552.0M | ||
| Q3 25 | $666.3M | $379.0M | ||
| Q2 25 | $1.0B | $731.0M | ||
| Q1 25 | $1.3B | $795.0M | ||
| Q4 24 | $697.6M | $1.2B | ||
| Q3 24 | $570.3M | $606.0M | ||
| Q2 24 | $618.5M | $862.0M | ||
| Q1 24 | $684.9M | $843.0M |
总债务DLTRJCI
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | $3.4B | $8.2B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | $3.4B | $7.3B |
股东权益DLTRJCI
| Q4 25 | $3.5B | $13.2B | ||
| Q3 25 | $3.6B | $12.9B | ||
| Q2 25 | $3.9B | $15.8B | ||
| Q1 25 | $4.0B | $15.8B | ||
| Q4 24 | $7.6B | $15.9B | ||
| Q3 24 | $7.4B | $16.1B | ||
| Q2 24 | $7.3B | $16.0B | ||
| Q1 24 | $7.3B | $15.7B |
总资产DLTRJCI
| Q4 25 | $13.7B | $38.0B | ||
| Q3 25 | $13.4B | $37.9B | ||
| Q2 25 | $18.3B | $43.4B | ||
| Q1 25 | $18.6B | $42.4B | ||
| Q4 24 | $23.3B | $42.1B | ||
| Q3 24 | $22.6B | $42.7B | ||
| Q2 24 | $22.1B | $43.3B | ||
| Q1 24 | $22.0B | $43.5B |
负债/权益比DLTRJCI
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | 0.86× | 0.52× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | 0.47× | 0.47× |
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 | $319.3M | $611.0M |
| 自由现金流经营现金流 - 资本支出 | $-57.1M | $531.0M |
| 自由现金流率自由现金流/营收 | -1.2% | 9.2% |
| 资本支出强度资本支出/营收 | 7.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.31× | 1.17× |
| 过去12个月自由现金流最近4个季度 | $394.5M | $2.5B |
8季度趋势，按日历期对齐
经营现金流DLTRJCI
| Q4 25 | $319.3M | $611.0M | ||
| Q3 25 | $260.7M | $968.0M | ||
| Q2 25 | $378.5M | $787.0M | ||
| Q1 25 | $405.1M | $550.0M | ||
| Q4 24 | $785.6M | $249.0M | ||
| Q3 24 | $306.9M | $1.4B | ||
| Q2 24 | $695.7M | $1.0B | ||
| Q1 24 | $1.3B | $-203.0M |
自由现金流DLTRJCI
| Q4 25 | $-57.1M | $531.0M | ||
| Q3 25 | $15.6M | $838.0M | ||
| Q2 25 | $129.7M | $693.0M | ||
| Q1 25 | $306.3M | $456.0M | ||
| Q4 24 | $359.2M | $133.0M | ||
| Q3 24 | $-193.8M | $1.2B | ||
| Q2 24 | $223.5M | $922.0M | ||
| Q1 24 | $470.8M | $-336.0M |
自由现金流率DLTRJCI
| Q4 25 | -1.2% | 9.2% | ||
| Q3 25 | 0.3% | 13.0% | ||
| Q2 25 | 2.8% | 11.5% | ||
| Q1 25 | 6.1% | 8.0% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | -2.6% | 40.4% | ||
| Q2 24 | 2.9% | 12.8% | ||
| Q1 24 | 5.5% | -5.0% |
资本支出强度DLTRJCI
| Q4 25 | 7.9% | 1.4% | ||
| Q3 25 | 5.4% | 2.0% | ||
| Q2 25 | 5.4% | 1.6% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 5.6% | 2.1% | ||
| Q3 24 | 6.8% | 5.8% | ||
| Q2 24 | 6.2% | 1.4% | ||
| Q1 24 | 9.1% | 2.0% |
现金转化率DLTRJCI
| Q4 25 | 1.31× | 1.17× | ||
| Q3 25 | 1.38× | 0.57× | ||
| Q2 25 | 1.10× | 1.12× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 3.37× | 0.59× | ||
| Q3 24 | 2.32× | 2.14× | ||
| Q2 24 | 2.32× | 1.05× | ||
| Q1 24 | — | — |
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
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
JCI
| Productsand Systems | $3.9B | 67% |
| Services | $1.9B | 33% |
