vs
Fastenal（FAST）与李维斯（LEVI）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是李维斯的1.1倍（$2.0B vs $1.8B），Fastenal净利率更高（14.5% vs 8.9%，领先5.5%），Fastenal同比增速更快（3.5% vs -4.0%），Fastenal自由现金流更多（$308.2M vs $215.7M），过去两年李维斯的营收复合增速更高（6.5% vs 2.9%）
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。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
FAST vs LEVI — 直观对比
营收规模更大
FAST
是对方的1.1倍
$1.8B
营收增速更快
FAST
高出7.5%
-4.0%
净利率更高
FAST
高出5.5%
8.9%
自由现金流更多
FAST
多$92.5M
$215.7M
两年增速更快
LEVI
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $293.9M | $158.0M |
| 毛利率 | 44.3% | 60.8% |
| 营业利润率 | 18.9% | 11.9% |
| 净利率 | 14.5% | 8.9% |
| 营收同比 | 3.5% | -4.0% |
| 净利润同比 | -1.6% | -13.4% |
| 每股收益（稀释后） | $-0.01 | $0.39 |
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FASTLEVI
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.9B | $1.4B |
净利润FASTLEVI
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $158.0M | ||
| Q3 25 | $335.5M | $218.1M | ||
| Q2 25 | $330.3M | $67.0M | ||
| Q1 25 | $298.7M | $135.0M | ||
| Q4 24 | $262.1M | $182.5M | ||
| Q3 24 | $298.1M | $20.7M | ||
| Q2 24 | $292.7M | $18.0M |
毛利率FASTLEVI
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 60.8% | ||
| Q3 25 | 45.3% | 61.7% | ||
| Q2 25 | 45.3% | 62.6% | ||
| Q1 25 | 45.1% | 62.1% | ||
| Q4 24 | 44.8% | 61.3% | ||
| Q3 24 | 44.9% | 60.0% | ||
| Q2 24 | 45.1% | 60.5% |
营业利润率FASTLEVI
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 11.9% | ||
| Q3 25 | 20.7% | 10.8% | ||
| Q2 25 | 21.0% | 7.5% | ||
| Q1 25 | 20.1% | 12.5% | ||
| Q4 24 | 18.9% | 11.5% | ||
| Q3 24 | 20.3% | 2.0% | ||
| Q2 24 | 20.2% | 1.5% |
净利率FASTLEVI
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 8.9% | ||
| Q3 25 | 15.7% | 14.1% | ||
| Q2 25 | 15.9% | 4.6% | ||
| Q1 25 | 15.2% | 8.8% | ||
| Q4 24 | 14.4% | 9.9% | ||
| Q3 24 | 15.6% | 1.4% | ||
| Q2 24 | 15.3% | 1.2% |
每股收益（稀释后）FASTLEVI
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $0.39 | ||
| Q3 25 | $0.29 | $0.55 | ||
| Q2 25 | $0.29 | $0.17 | ||
| Q1 25 | $0.52 | $0.34 | ||
| Q4 24 | $0.45 | $0.46 | ||
| Q3 24 | $0.52 | $0.05 | ||
| Q2 24 | $0.51 | $0.04 |
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 | $848.8M |
| 总债务越低越好 | $125.0M | $1.1B |
| 股东权益账面价值 | $3.9B | $2.3B |
| 总资产 | $5.1B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.03× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资FASTLEVI
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $848.8M | ||
| Q3 25 | $288.1M | $707.5M | ||
| Q2 25 | $237.8M | $736.7M | ||
| Q1 25 | $231.8M | $574.4M | ||
| Q4 24 | $255.8M | $690.0M | ||
| Q3 24 | $292.2M | $577.1M | ||
| Q2 24 | $255.5M | $641.4M |
总债务FASTLEVI
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $1.1B | ||
| Q3 25 | $195.0M | $1.0B | ||
| Q2 25 | $230.0M | $1.0B | ||
| Q1 25 | $200.0M | $987.4M | ||
| Q4 24 | $200.0M | $994.0M | ||
| Q3 24 | $240.0M | $1.0B | ||
| Q2 24 | $235.0M | $1.0B |
股东权益FASTLEVI
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.8B | $2.1B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.6B | $2.0B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.5B | $2.0B |
总资产FASTLEVI
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $6.8B | ||
| Q3 25 | $5.1B | $6.7B | ||
| Q2 25 | $5.0B | $6.5B | ||
| Q1 25 | $4.9B | $6.2B | ||
| Q4 24 | $4.7B | $6.4B | ||
| Q3 24 | $4.7B | $6.3B | ||
| Q2 24 | $4.6B | $6.2B |
负债/权益比FASTLEVI
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 0.46× | ||
| Q3 25 | 0.05× | 0.48× | ||
| Q2 25 | 0.06× | 0.49× | ||
| Q1 25 | 0.05× | 0.49× | ||
| Q4 24 | 0.06× | 0.50× | ||
| Q3 24 | 0.07× | 0.54× | ||
| Q2 24 | 0.07× | 0.51× |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $215.7M |
| 自由现金流率自由现金流/营收 | 15.2% | 12.2% |
| 资本支出强度资本支出/营收 | 3.0% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.25× | 1.69× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $308.2M |
8季度趋势，按日历期对齐
经营现金流FASTLEVI
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $266.8M | ||
| Q3 25 | $386.9M | $24.8M | ||
| Q2 25 | $278.6M | $185.5M | ||
| Q1 25 | $262.2M | $52.5M | ||
| Q4 24 | $282.8M | $297.3M | ||
| Q3 24 | $296.9M | $52.3M | ||
| Q2 24 | $258.0M | $262.8M |
自由现金流FASTLEVI
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $215.7M | ||
| Q3 25 | $326.6M | $-39.4M | ||
| Q2 25 | $209.3M | $146.0M | ||
| Q1 25 | $206.5M | $-14.1M | ||
| Q4 24 | $222.6M | $231.6M | ||
| Q3 24 | $237.5M | $2.3M | ||
| Q2 24 | $201.9M | $222.6M |
自由现金流率FASTLEVI
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 12.2% | ||
| Q3 25 | 15.3% | -2.6% | ||
| Q2 25 | 10.1% | 10.1% | ||
| Q1 25 | 10.5% | -0.9% | ||
| Q4 24 | 12.2% | 12.6% | ||
| Q3 24 | 12.4% | 0.2% | ||
| Q2 24 | 10.5% | 15.4% |
资本支出强度FASTLEVI
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 2.9% | ||
| Q3 25 | 2.8% | 4.2% | ||
| Q2 25 | 3.3% | 2.7% | ||
| Q1 25 | 2.8% | 4.4% | ||
| Q4 24 | 3.3% | 3.6% | ||
| Q3 24 | 3.1% | 3.3% | ||
| Q2 24 | 2.9% | 2.8% |
现金转化率FASTLEVI
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 1.69× | ||
| Q3 25 | 1.15× | 0.11× | ||
| Q2 25 | 0.84× | 2.77× | ||
| Q1 25 | 0.88× | 0.39× | ||
| Q4 24 | 1.08× | 1.63× | ||
| Q3 24 | 1.00× | 2.53× | ||
| Q2 24 | 0.88× | 14.60× |
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% |
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
