vs
Fastenal（FAST）与埃培智集团（IPG）财务数据对比。点击上方公司名可切换其他公司
埃培智集团的季度营收约是Fastenal的1.1倍（$2.1B vs $2.0B），Fastenal净利率更高（14.5% vs 5.8%，领先8.7%），Fastenal同比增速更快（3.5% vs -4.8%），Fastenal自由现金流更多（$308.2M vs $153.6M），过去两年Fastenal的营收复合增速更高（2.9% vs -9.1%）
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。
埃培智集团（IPG）是总部位于美国纽约的广告营销传播集团，旗下拥有FCB、IPG盟博、麦肯世界集团、睿狮集团等五大核心业务网络，以及公关、体育营销、艺人经纪、医疗营销等领域的多家专业独立代理商，被宏盟收购前是与WPP、阳狮、宏盟齐名的全球广告行业“四大集团”之一。
FAST vs IPG — 直观对比
营收规模更大
IPG
是对方的1.1倍
$2.0B
营收增速更快
FAST
高出8.3%
-4.8%
净利率更高
FAST
高出8.7%
5.8%
自由现金流更多
FAST
多$154.6M
$153.6M
两年增速更快
FAST
近两年复合增速
-9.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.1B |
| 净利润 | $293.9M | $124.2M |
| 毛利率 | 44.3% | — |
| 营业利润率 | 18.9% | 10.3% |
| 净利率 | 14.5% | 5.8% |
| 营收同比 | 3.5% | -4.8% |
| 净利润同比 | -1.6% | 517.9% |
| 每股收益（稀释后） | $-0.01 | $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FASTIPG
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.9B | $2.2B | ||
| Q2 24 | $1.9B | $2.3B |
净利润FASTIPG
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | — | ||
| Q3 25 | $335.5M | $124.2M | ||
| Q2 25 | $330.3M | $162.5M | ||
| Q1 25 | $298.7M | $-85.4M | ||
| Q4 24 | $262.1M | $344.5M | ||
| Q3 24 | $298.1M | $20.1M | ||
| Q2 24 | $292.7M | $214.5M |
毛利率FASTIPG
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 45.3% | — | ||
| Q2 25 | 45.3% | — | ||
| Q1 25 | 45.1% | -3.2% | ||
| Q4 24 | 44.8% | 10.1% | ||
| Q3 24 | 44.9% | 2.9% | ||
| Q2 24 | 45.1% | 1.2% |
营业利润率FASTIPG
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 20.7% | 10.3% | ||
| Q2 25 | 21.0% | 11.2% | ||
| Q1 25 | 20.1% | -2.1% | ||
| Q4 24 | 18.9% | 23.3% | ||
| Q3 24 | 20.3% | 5.9% | ||
| Q2 24 | 20.2% | 13.7% |
净利率FASTIPG
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 15.7% | 5.8% | ||
| Q2 25 | 15.9% | 7.5% | ||
| Q1 25 | 15.2% | -4.3% | ||
| Q4 24 | 14.4% | 14.1% | ||
| Q3 24 | 15.6% | 0.9% | ||
| Q2 24 | 15.3% | 9.2% |
每股收益（稀释后）FASTIPG
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $0.29 | $0.34 | ||
| Q2 25 | $0.29 | $0.44 | ||
| Q1 25 | $0.52 | $-0.23 | ||
| Q4 24 | $0.45 | $0.92 | ||
| Q3 24 | $0.52 | $0.05 | ||
| Q2 24 | $0.51 | $0.57 |
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 | $1.5B |
| 总债务越低越好 | $125.0M | — |
| 股东权益账面价值 | $3.9B | $3.7B |
| 总资产 | $5.1B | $17.0B |
| 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FASTIPG
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | — | ||
| Q3 25 | $288.1M | $1.5B | ||
| Q2 25 | $237.8M | $1.6B | ||
| Q1 25 | $231.8M | $1.9B | ||
| Q4 24 | $255.8M | $2.2B | ||
| Q3 24 | $292.2M | $1.5B | ||
| Q2 24 | $255.5M | $1.5B |
总债务FASTIPG
| 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FASTIPG
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $3.7B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.7B | $3.6B | ||
| Q4 24 | $3.6B | $3.8B | ||
| Q3 24 | $3.6B | $3.7B | ||
| Q2 24 | $3.5B | $3.8B |
总资产FASTIPG
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.1B | $17.0B | ||
| Q2 25 | $5.0B | $17.0B | ||
| Q1 25 | $4.9B | $17.1B | ||
| Q4 24 | $4.7B | $18.3B | ||
| Q3 24 | $4.7B | $17.1B | ||
| Q2 24 | $4.6B | $17.0B |
负债/权益比FASTIPG
| 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 | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $153.6M |
| 自由现金流率自由现金流/营收 | 15.2% | 7.2% |
| 资本支出强度资本支出/营收 | 3.0% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.25× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $806.8M |
8季度趋势，按日历期对齐
经营现金流FASTIPG
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | — | ||
| Q3 25 | $386.9M | $180.1M | ||
| Q2 25 | $278.6M | $-96.0M | ||
| Q1 25 | $262.2M | $-37.0M | ||
| Q4 24 | $282.8M | $868.1M | ||
| Q3 24 | $296.9M | $223.8M | ||
| Q2 24 | $258.0M | $120.7M |
自由现金流FASTIPG
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | — | ||
| Q3 25 | $326.6M | $153.6M | ||
| Q2 25 | $209.3M | $-121.8M | ||
| Q1 25 | $206.5M | $-58.5M | ||
| Q4 24 | $222.6M | $833.5M | ||
| Q3 24 | $237.5M | $186.5M | ||
| Q2 24 | $201.9M | $85.9M |
自由现金流率FASTIPG
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | 15.3% | 7.2% | ||
| Q2 25 | 10.1% | -5.6% | ||
| Q1 25 | 10.5% | -2.9% | ||
| Q4 24 | 12.2% | 34.2% | ||
| Q3 24 | 12.4% | 8.3% | ||
| Q2 24 | 10.5% | 3.7% |
资本支出强度FASTIPG
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.8% | 1.2% | ||
| Q2 25 | 3.3% | 1.2% | ||
| Q1 25 | 2.8% | 1.1% | ||
| Q4 24 | 3.3% | 1.4% | ||
| Q3 24 | 3.1% | 1.7% | ||
| Q2 24 | 2.9% | 1.5% |
现金转化率FASTIPG
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.15× | 1.45× | ||
| Q2 25 | 0.84× | -0.59× | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 1.08× | 2.52× | ||
| Q3 24 | 1.00× | 11.13× | ||
| Q2 24 | 0.88× | 0.56× |
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% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
