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Dorman Products, Inc.（DORM）与STANDARD MOTOR PRODUCTS, INC.（SMP）财务数据对比。点击上方公司名可切换其他公司
Dorman Products, Inc.的季度营收约是STANDARD MOTOR PRODUCTS, INC.的1.4倍（$537.9M vs $385.1M），Dorman Products, Inc.净利率更高（2.1% vs 2.0%，领先0.1%），STANDARD MOTOR PRODUCTS, INC.同比增速更快（12.2% vs 0.8%），Dorman Products, Inc.自由现金流更多（$33.5M vs $-37.6M），过去两年STANDARD MOTOR PRODUCTS, INC.的营收复合增速更高（7.8% vs 7.1%）
多尔曼产品公司是美国知名的汽车售后配件制造商，成立于1918年，总部位于宾夕法尼亚州科尔马，在纳斯达克上市，股票代码为DORM，深耕汽车售后市场多年，为市场提供丰富的替换零部件产品。
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
DORM vs SMP — 直观对比
营收规模更大
DORM
是对方的1.4倍
$385.1M
营收增速更快
SMP
高出11.4%
0.8%
净利率更高
DORM
高出0.1%
2.0%
自由现金流更多
DORM
多$71.1M
$-37.6M
两年增速更快
SMP
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.9M | $385.1M |
| 净利润 | $11.6M | $7.9M |
| 毛利率 | 42.6% | 31.7% |
| 营业利润率 | 5.8% | 5.6% |
| 净利率 | 2.1% | 2.0% |
| 营收同比 | 0.8% | 12.2% |
| 净利润同比 | -78.8% | 457.9% |
| 每股收益（稀释后） | $0.38 | $0.34 |
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DORMSMP
| Q4 25 | $537.9M | $385.1M | ||
| Q3 25 | $543.7M | $498.8M | ||
| Q2 25 | $541.0M | $493.9M | ||
| Q1 25 | $507.7M | $413.4M | ||
| Q4 24 | $533.8M | $343.4M | ||
| Q3 24 | $503.8M | $399.3M | ||
| Q2 24 | $503.0M | $389.8M | ||
| Q1 24 | $468.7M | $331.4M |
净利润DORMSMP
| Q4 25 | $11.6M | $7.9M | ||
| Q3 25 | $76.4M | $-4.3M | ||
| Q2 25 | $58.7M | $25.2M | ||
| Q1 25 | $57.5M | $12.6M | ||
| Q4 24 | $54.5M | $-2.2M | ||
| Q3 24 | $55.3M | $3.8M | ||
| Q2 24 | $47.4M | $17.1M | ||
| Q1 24 | $32.8M | $8.8M |
毛利率DORMSMP
| Q4 25 | 42.6% | 31.7% | ||
| Q3 25 | 44.4% | 32.4% | ||
| Q2 25 | 40.6% | 30.6% | ||
| Q1 25 | 40.9% | 30.2% | ||
| Q4 24 | 41.5% | 29.4% | ||
| Q3 24 | 40.5% | 30.4% | ||
| Q2 24 | 39.6% | 28.6% | ||
| Q1 24 | 38.7% | 27.0% |
营业利润率DORMSMP
| Q4 25 | 5.8% | 5.6% | ||
| Q3 25 | 19.4% | 9.5% | ||
| Q2 25 | 15.2% | 8.7% | ||
| Q1 25 | 15.8% | 5.9% | ||
| Q4 24 | 16.3% | 1.1% | ||
| Q3 24 | 15.7% | 9.3% | ||
| Q2 24 | 14.4% | 6.4% | ||
| Q1 24 | 11.6% | 4.4% |
净利率DORMSMP
| Q4 25 | 2.1% | 2.0% | ||
| Q3 25 | 14.1% | -0.9% | ||
| Q2 25 | 10.9% | 5.1% | ||
| Q1 25 | 11.3% | 3.0% | ||
| Q4 24 | 10.2% | -0.6% | ||
| Q3 24 | 11.0% | 1.0% | ||
| Q2 24 | 9.4% | 4.4% | ||
| Q1 24 | 7.0% | 2.7% |
每股收益（稀释后）DORMSMP
| Q4 25 | $0.38 | $0.34 | ||
| Q3 25 | $2.48 | $-0.19 | ||
| Q2 25 | $1.91 | $1.13 | ||
| Q1 25 | $1.87 | $0.56 | ||
| Q4 24 | $1.76 | $-0.09 | ||
| Q3 24 | $1.80 | $0.17 | ||
| Q2 24 | $1.53 | $0.77 | ||
| Q1 24 | $1.05 | $0.39 |
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 | $49.4M | — |
| 总债务越低越好 | $440.6M | $618.7M |
| 股东权益账面价值 | $1.5B | $683.7M |
| 总资产 | $2.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.90× |
8季度趋势，按日历期对齐
现金及短期投资DORMSMP
| Q4 25 | $49.4M | — | ||
| Q3 25 | $55.5M | $87.2M | ||
| Q2 25 | $56.8M | $58.8M | ||
| Q1 25 | $60.6M | $50.3M | ||
| Q4 24 | $57.1M | $44.4M | ||
| Q3 24 | $45.1M | $26.3M | ||
| Q2 24 | $47.5M | $26.2M | ||
| Q1 24 | $34.4M | $27.1M |
总债务DORMSMP
| Q4 25 | $440.6M | $618.7M | ||
| Q3 25 | — | $589.5M | ||
| Q2 25 | — | $636.6M | ||
| Q1 25 | — | $650.6M | ||
| Q4 24 | $468.8M | $562.3M | ||
| Q3 24 | — | $142.8M | ||
| Q2 24 | — | $208.2M | ||
| Q1 24 | — | $214.9M |
股东权益DORMSMP
| Q4 25 | $1.5B | $683.7M | ||
| Q3 25 | $1.5B | $677.4M | ||
| Q2 25 | $1.4B | $688.6M | ||
| Q1 25 | $1.3B | $638.0M | ||
| Q4 24 | $1.3B | $615.7M | ||
| Q3 24 | $1.2B | $638.8M | ||
| Q2 24 | $1.2B | $640.0M | ||
| Q1 24 | $1.2B | $639.1M |
总资产DORMSMP
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.2B | $1.4B |
负债/权益比DORMSMP
| Q4 25 | 0.30× | 0.90× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | 0.36× | 0.91× | ||
| Q3 24 | — | 0.22× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $41.6M | $-28.2M |
| 自由现金流经营现金流 - 资本支出 | $33.5M | $-37.6M |
| 自由现金流率自由现金流/营收 | 6.2% | -9.8% |
| 资本支出强度资本支出/营收 | 1.5% | 2.4% |
| 现金转化率经营现金流/净利润 | 3.60× | -3.59× |
| 过去12个月自由现金流最近4个季度 | $75.7M | $18.7M |
8季度趋势，按日历期对齐
经营现金流DORMSMP
| Q4 25 | $41.6M | $-28.2M | ||
| Q3 25 | $12.2M | $91.6M | ||
| Q2 25 | $8.5M | $54.3M | ||
| Q1 25 | $51.2M | $-60.2M | ||
| Q4 24 | $71.4M | $-1.5M | ||
| Q3 24 | $44.3M | $88.3M | ||
| Q2 24 | $63.3M | $35.6M | ||
| Q1 24 | $52.0M | $-45.7M |
自由现金流DORMSMP
| Q4 25 | $33.5M | $-37.6M | ||
| Q3 25 | $1.8M | $81.5M | ||
| Q2 25 | $98.0K | $44.2M | ||
| Q1 25 | $40.3M | $-69.4M | ||
| Q4 24 | $63.2M | $-11.4M | ||
| Q3 24 | $35.7M | $77.1M | ||
| Q2 24 | $51.4M | $22.7M | ||
| Q1 24 | $41.2M | $-55.8M |
自由现金流率DORMSMP
| Q4 25 | 6.2% | -9.8% | ||
| Q3 25 | 0.3% | 16.3% | ||
| Q2 25 | 0.0% | 8.9% | ||
| Q1 25 | 7.9% | -16.8% | ||
| Q4 24 | 11.8% | -3.3% | ||
| Q3 24 | 7.1% | 19.3% | ||
| Q2 24 | 10.2% | 5.8% | ||
| Q1 24 | 8.8% | -16.8% |
资本支出强度DORMSMP
| Q4 25 | 1.5% | 2.4% | ||
| Q3 25 | 1.9% | 2.0% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 1.5% | 2.9% | ||
| Q3 24 | 1.7% | 2.8% | ||
| Q2 24 | 2.4% | 3.3% | ||
| Q1 24 | 2.3% | 3.0% |
现金转化率DORMSMP
| Q4 25 | 3.60× | -3.59× | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | 2.15× | ||
| Q1 25 | 0.89× | -4.79× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 0.80× | 23.19× | ||
| Q2 24 | 1.34× | 2.09× | ||
| Q1 24 | 1.58× | -5.18× |
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
DORM
| Light Duty | $428.6M | 80% |
| Heavy Duty | $55.8M | 10% |
| Specialty Vehicle | $53.5M | 10% |
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
