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EZCORP INC（EZPW）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
EZCORP INC的季度营收约是SUBURBAN PROPANE PARTNERS LP的1.0倍（$382.0M vs $370.4M）。SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 11.6%，领先0.8%）。EZCORP INC同比增速更快（19.3% vs -0.8%）。EZCORP INC自由现金流更多（$31.7M vs $-67.5M）。过去两年EZCORP INC的营收复合增速更高（15.6% vs -13.8%）
EZCORP是总部位于美国得克萨斯州奥斯汀的典当行运营商，业务覆盖美国及拉丁美洲地区，是美国第二大典当行运营商，仅次于Cash America International，目前在纳斯达克挂牌上市。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
EZPW vs SPH — 直观对比
营收规模更大
EZPW
是对方的1.0倍
$370.4M
营收增速更快
EZPW
高出20.1%
-0.8%
净利率更高
SPH
高出0.8%
11.6%
自由现金流更多
EZPW
多$99.2M
$-67.5M
两年增速更快
EZPW
近两年复合增速
-13.8%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $382.0M | $370.4M |
| 净利润 | $44.3M | $45.8M |
| 毛利率 | 58.4% | 64.7% |
| 营业利润率 | 15.9% | 18.3% |
| 净利率 | 11.6% | 12.4% |
| 营收同比 | 19.3% | -0.8% |
| 净利润同比 | 42.8% | 135.7% |
| 每股收益（稀释后） | $0.55 | $0.69 |
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EZPWSPH
| Q4 25 | $382.0M | $370.4M | ||
| Q3 25 | $336.8M | $211.4M | ||
| Q2 25 | $311.0M | $260.1M | ||
| Q1 25 | $306.3M | $587.7M | ||
| Q4 24 | $320.2M | $373.3M | ||
| Q3 24 | $294.6M | $208.6M | ||
| Q2 24 | $281.4M | $254.6M | ||
| Q1 24 | $285.6M | $498.1M |
净利润EZPWSPH
| Q4 25 | $44.3M | $45.8M | ||
| Q3 25 | $26.7M | $-35.1M | ||
| Q2 25 | $26.5M | $-14.8M | ||
| Q1 25 | $25.4M | $137.1M | ||
| Q4 24 | $31.0M | $19.4M | ||
| Q3 24 | $15.2M | $-44.6M | ||
| Q2 24 | $17.9M | $-17.2M | ||
| Q1 24 | $21.5M | $111.5M |
毛利率EZPWSPH
| Q4 25 | 58.4% | 64.7% | ||
| Q3 25 | 59.0% | 64.7% | ||
| Q2 25 | 59.1% | 61.7% | ||
| Q1 25 | 58.3% | 58.8% | ||
| Q4 24 | 57.9% | 60.6% | ||
| Q3 24 | 59.5% | 59.4% | ||
| Q2 24 | 59.2% | 62.9% | ||
| Q1 24 | 58.7% | 61.8% |
营业利润率EZPWSPH
| Q4 25 | 15.9% | 18.3% | ||
| Q3 25 | 11.0% | -7.9% | ||
| Q2 25 | 11.6% | 2.1% | ||
| Q1 25 | 11.2% | 27.0% | ||
| Q4 24 | 13.1% | 15.8% | ||
| Q3 24 | 8.8% | -10.8% | ||
| Q2 24 | 7.9% | 3.2% | ||
| Q1 24 | 9.6% | 27.5% |
净利率EZPWSPH
| Q4 25 | 11.6% | 12.4% | ||
| Q3 25 | 7.9% | -16.6% | ||
| Q2 25 | 8.5% | -5.7% | ||
| Q1 25 | 8.3% | 23.3% | ||
| Q4 24 | 9.7% | 5.2% | ||
| Q3 24 | 5.2% | -21.4% | ||
| Q2 24 | 6.4% | -6.8% | ||
| Q1 24 | 7.5% | 22.4% |
每股收益（稀释后）EZPWSPH
| Q4 25 | $0.55 | $0.69 | ||
| Q3 25 | $0.35 | $-0.55 | ||
| Q2 25 | $0.34 | $-0.23 | ||
| Q1 25 | $0.33 | $2.10 | ||
| Q4 24 | $0.40 | $0.30 | ||
| Q3 24 | $0.20 | $-0.69 | ||
| Q2 24 | $0.25 | $-0.27 | ||
| Q1 24 | $0.29 | $1.72 |
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 | $465.9M | $1.3M |
| 总债务越低越好 | $518.6M | $1.3B |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $2.0B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资EZPWSPH
| Q4 25 | $465.9M | $1.3M | ||
| Q3 25 | $469.5M | $405.0K | ||
| Q2 25 | $472.1M | $1.3M | ||
| Q1 25 | $505.2M | $3.9M | ||
| Q4 24 | $174.5M | $4.4M | ||
| Q3 24 | $170.5M | $3.2M | ||
| Q2 24 | $218.0M | $4.9M | ||
| Q1 24 | $229.1M | $4.4M |
总债务EZPWSPH
| Q4 25 | $518.6M | $1.3B | ||
| Q3 25 | $518.1M | $1.2B | ||
| Q2 25 | $517.6M | $1.2B | ||
| Q1 25 | $620.5M | $1.3B | ||
| Q4 24 | $327.7M | $1.3B | ||
| Q3 24 | $327.3M | $1.2B | ||
| Q2 24 | $361.3M | $1.2B | ||
| Q1 24 | $360.9M | $1.2B |
股东权益EZPWSPH
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $990.1M | — | ||
| Q1 25 | $851.6M | — | ||
| Q4 24 | $823.9M | — | ||
| Q3 24 | $804.6M | — | ||
| Q2 24 | $801.5M | — | ||
| Q1 24 | $800.4M | — |
总资产EZPWSPH
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.5B | $2.3B |
负债/权益比EZPWSPH
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $39.1M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $31.7M | $-67.5M |
| 自由现金流率自由现金流/营收 | 8.3% | -18.2% |
| 资本支出强度资本支出/营收 | 2.0% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.88× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $121.7M | $61.9M |
8季度趋势，按日历期对齐
经营现金流EZPWSPH
| Q4 25 | $39.1M | $-47.7M | ||
| Q3 25 | $51.3M | $41.8M | ||
| Q2 25 | $34.8M | $95.5M | ||
| Q1 25 | $36.9M | $40.1M | ||
| Q4 24 | $26.0M | $8.8M | ||
| Q3 24 | $43.3M | $36.8M | ||
| Q2 24 | $33.7M | $61.4M | ||
| Q1 24 | $15.1M | $75.1M |
自由现金流EZPWSPH
| Q4 25 | $31.7M | $-67.5M | ||
| Q3 25 | $35.7M | $27.7M | ||
| Q2 25 | $25.7M | $80.9M | ||
| Q1 25 | $28.6M | $20.8M | ||
| Q4 24 | $20.4M | $-15.1M | ||
| Q3 24 | $24.4M | $17.7M | ||
| Q2 24 | $30.5M | $46.8M | ||
| Q1 24 | $8.6M | $60.6M |
自由现金流率EZPWSPH
| Q4 25 | 8.3% | -18.2% | ||
| Q3 25 | 10.6% | 13.1% | ||
| Q2 25 | 8.3% | 31.1% | ||
| Q1 25 | 9.3% | 3.5% | ||
| Q4 24 | 6.4% | -4.0% | ||
| Q3 24 | 8.3% | 8.5% | ||
| Q2 24 | 10.8% | 18.4% | ||
| Q1 24 | 3.0% | 12.2% |
资本支出强度EZPWSPH
| Q4 25 | 2.0% | 5.3% | ||
| Q3 25 | 4.6% | 6.7% | ||
| Q2 25 | 2.9% | 5.6% | ||
| Q1 25 | 2.7% | 3.3% | ||
| Q4 24 | 1.8% | 6.4% | ||
| Q3 24 | 6.4% | 9.1% | ||
| Q2 24 | 1.1% | 5.8% | ||
| Q1 24 | 2.3% | 2.9% |
现金转化率EZPWSPH
| Q4 25 | 0.88× | -1.04× | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.45× | 0.29× | ||
| Q4 24 | 0.84× | 0.45× | ||
| Q3 24 | 2.85× | — | ||
| Q2 24 | 1.88× | — | ||
| Q1 24 | 0.70× | 0.67× |
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
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
