vs
Fastenal（FAST）与GLOBAL PARTNERS LP（GLP）财务数据对比。点击上方公司名可切换其他公司
GLOBAL PARTNERS LP的季度营收约是Fastenal的1.1倍（$2.2B vs $2.0B），Fastenal净利率更高（14.5% vs 1.1%，领先13.4%），GLOBAL PARTNERS LP同比增速更快（7.0% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $62.2M），过去两年Fastenal的营收复合增速更高（2.9% vs 0.2%）
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
FAST vs GLP — 直观对比
营收规模更大
GLP
是对方的1.1倍
$2.0B
营收增速更快
GLP
高出3.5%
3.5%
净利率更高
FAST
高出13.4%
1.1%
自由现金流更多
FAST
多$246.0M
$62.2M
两年增速更快
FAST
近两年复合增速
0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.2B |
| 净利润 | $293.9M | $25.1M |
| 毛利率 | 44.3% | 11.9% |
| 营业利润率 | 18.9% | 2.6% |
| 净利率 | 14.5% | 1.1% |
| 营收同比 | 3.5% | 7.0% |
| 净利润同比 | -1.6% | 5.0% |
| 每股收益（稀释后） | $-0.01 | — |
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FASTGLP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $1.9B | $2.3B |
净利润FASTGLP
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $25.1M | ||
| Q3 25 | $335.5M | $29.0M | ||
| Q2 25 | $330.3M | $25.2M | ||
| Q1 25 | $298.7M | $18.7M | ||
| Q4 24 | $262.1M | $23.9M | ||
| Q3 24 | $298.1M | $45.9M | ||
| Q2 24 | $292.7M | $46.1M |
毛利率FASTGLP
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 11.9% | ||
| Q3 25 | 45.3% | 12.1% | ||
| Q2 25 | 45.3% | 13.1% | ||
| Q1 25 | 45.1% | 11.7% | ||
| Q4 24 | 44.8% | 13.0% | ||
| Q3 24 | 44.9% | 13.4% | ||
| Q2 24 | 45.1% | 12.6% |
营业利润率FASTGLP
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 2.6% | ||
| Q3 25 | 20.7% | 2.7% | ||
| Q2 25 | 21.0% | 2.9% | ||
| Q1 25 | 20.1% | 2.6% | ||
| Q4 24 | 18.9% | 2.8% | ||
| Q3 24 | 20.3% | 3.9% | ||
| Q2 24 | 20.2% | 3.7% |
净利率FASTGLP
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 1.1% | ||
| Q3 25 | 15.7% | 1.3% | ||
| Q2 25 | 15.9% | 1.2% | ||
| Q1 25 | 15.2% | 0.9% | ||
| Q4 24 | 14.4% | 1.2% | ||
| Q3 24 | 15.6% | 2.1% | ||
| Q2 24 | 15.3% | 2.0% |
每股收益（稀释后）FASTGLP
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $0.29 | — | ||
| Q2 25 | $0.29 | — | ||
| Q1 25 | $0.52 | — | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $0.52 | — | ||
| Q2 24 | $0.51 | — |
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 | $276.8M | — |
| 总债务越低越好 | $125.0M | — |
| 股东权益账面价值 | $3.9B | — |
| 总资产 | $5.1B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资FASTGLP
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | — | ||
| Q3 25 | $288.1M | — | ||
| Q2 25 | $237.8M | — | ||
| Q1 25 | $231.8M | — | ||
| Q4 24 | $255.8M | — | ||
| Q3 24 | $292.2M | — | ||
| Q2 24 | $255.5M | — |
总债务FASTGLP
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | — | ||
| Q3 25 | $195.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $240.0M | — | ||
| Q2 24 | $235.0M | — |
股东权益FASTGLP
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — |
总资产FASTGLP
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $3.9B | ||
| Q3 25 | $5.1B | $3.7B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $4.9B | $3.8B | ||
| Q4 24 | $4.7B | $3.8B | ||
| Q3 24 | $4.7B | $3.7B | ||
| Q2 24 | $4.6B | $3.8B |
负债/权益比FASTGLP
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
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 | $368.2M | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $62.2M |
| 自由现金流率自由现金流/营收 | 15.2% | 2.8% |
| 资本支出强度资本支出/营收 | 3.0% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.25× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $193.3M |
8季度趋势，按日历期对齐
经营现金流FASTGLP
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $101.0M | ||
| Q3 25 | $386.9M | $19.0M | ||
| Q2 25 | $278.6M | $216.3M | ||
| Q1 25 | $262.2M | $-51.6M | ||
| Q4 24 | $282.8M | $67.2M | ||
| Q3 24 | $296.9M | $122.7M | ||
| Q2 24 | $258.0M | $24.3M |
自由现金流FASTGLP
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $62.2M | ||
| Q3 25 | $326.6M | $-678.0K | ||
| Q2 25 | $209.3M | $201.3M | ||
| Q1 25 | $206.5M | $-69.5M | ||
| Q4 24 | $222.6M | $20.4M | ||
| Q3 24 | $237.5M | $98.4M | ||
| Q2 24 | $201.9M | $8.7M |
自由现金流率FASTGLP
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 2.8% | ||
| Q3 25 | 15.3% | -0.0% | ||
| Q2 25 | 10.1% | 9.7% | ||
| Q1 25 | 10.5% | -3.2% | ||
| Q4 24 | 12.2% | 1.0% | ||
| Q3 24 | 12.4% | 4.6% | ||
| Q2 24 | 10.5% | 0.4% |
资本支出强度FASTGLP
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 1.8% | ||
| Q3 25 | 2.8% | 0.9% | ||
| Q2 25 | 3.3% | 0.7% | ||
| Q1 25 | 2.8% | 0.8% | ||
| Q4 24 | 3.3% | 2.3% | ||
| Q3 24 | 3.1% | 1.1% | ||
| Q2 24 | 2.9% | 0.7% |
现金转化率FASTGLP
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 4.03× | ||
| Q3 25 | 1.15× | 0.66× | ||
| Q2 25 | 0.84× | 8.58× | ||
| Q1 25 | 0.88× | -2.76× | ||
| Q4 24 | 1.08× | 2.82× | ||
| Q3 24 | 1.00× | 2.67× | ||
| Q2 24 | 0.88× | 0.53× |
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
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
