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Fastenal（FAST）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是Fastenal的1.9倍（$3.8B vs $2.0B），Fastenal净利率更高（14.5% vs 12.4%，领先2.1%），Fastenal同比增速更快（3.5% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $308.2M），过去两年ServiceNow的营收复合增速更高（19.8% 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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
FAST vs NOW — 直观对比
营收规模更大
NOW
是对方的1.9倍
$2.0B
营收增速更快
FAST
高出0.7%
2.8%
净利率更高
FAST
高出2.1%
12.4%
自由现金流更多
NOW
多$1.4B
$308.2M
两年增速更快
NOW
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.8B |
| 净利润 | $293.9M | $469.0M |
| 毛利率 | 44.3% | 75.1% |
| 营业利润率 | 18.9% | 13.3% |
| 净利率 | 14.5% | 12.4% |
| 营收同比 | 3.5% | 2.8% |
| 净利润同比 | -1.6% | -53.7% |
| 每股收益（稀释后） | $-0.01 | $1.04 |
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FASTNOW
| Q1 26 | $2.0B | $3.8B | ||
| Q4 25 | $2.0B | $3.6B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.0B | $3.1B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.9B | $2.6B |
净利润FASTNOW
| Q1 26 | $293.9M | $469.0M | ||
| Q4 25 | $293.9M | $401.0M | ||
| Q3 25 | $335.5M | $502.0M | ||
| Q2 25 | $330.3M | $385.0M | ||
| Q1 25 | $298.7M | $460.0M | ||
| Q4 24 | $262.1M | $384.0M | ||
| Q3 24 | $298.1M | $432.0M | ||
| Q2 24 | $292.7M | $262.0M |
毛利率FASTNOW
| Q1 26 | 44.3% | 75.1% | ||
| Q4 25 | 44.3% | 76.6% | ||
| Q3 25 | 45.3% | 77.3% | ||
| Q2 25 | 45.3% | 77.5% | ||
| Q1 25 | 45.1% | 78.9% | ||
| Q4 24 | 44.8% | 78.7% | ||
| Q3 24 | 44.9% | 79.1% | ||
| Q2 24 | 45.1% | 79.0% |
营业利润率FASTNOW
| Q1 26 | 18.9% | 13.3% | ||
| Q4 25 | 18.9% | 12.4% | ||
| Q3 25 | 20.7% | 16.8% | ||
| Q2 25 | 21.0% | 11.1% | ||
| Q1 25 | 20.1% | 14.6% | ||
| Q4 24 | 18.9% | 12.6% | ||
| Q3 24 | 20.3% | 14.9% | ||
| Q2 24 | 20.2% | 9.1% |
净利率FASTNOW
| Q1 26 | 14.5% | 12.4% | ||
| Q4 25 | 14.5% | 11.2% | ||
| Q3 25 | 15.7% | 14.7% | ||
| Q2 25 | 15.9% | 12.0% | ||
| Q1 25 | 15.2% | 14.9% | ||
| Q4 24 | 14.4% | 13.0% | ||
| Q3 24 | 15.6% | 15.4% | ||
| Q2 24 | 15.3% | 10.0% |
每股收益（稀释后）FASTNOW
| Q1 26 | $-0.01 | $1.04 | ||
| Q4 25 | $-0.01 | $-4.77 | ||
| Q3 25 | $0.29 | $2.40 | ||
| Q2 25 | $0.29 | $1.84 | ||
| Q1 25 | $0.52 | $2.20 | ||
| Q4 24 | $0.45 | $1.84 | ||
| Q3 24 | $0.52 | $2.07 | ||
| Q2 24 | $0.51 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | $125.0M | — |
| 股东权益账面价值 | $3.9B | $11.7B |
| 总资产 | $5.1B | $24.4B |
| 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FASTNOW
| Q1 26 | $276.8M | $2.7B | ||
| Q4 25 | $276.8M | $3.7B | ||
| Q3 25 | $288.1M | $2.7B | ||
| Q2 25 | $237.8M | $3.1B | ||
| Q1 25 | $231.8M | $3.4B | ||
| Q4 24 | $255.8M | $2.3B | ||
| Q3 24 | $292.2M | $1.9B | ||
| Q2 24 | $255.5M | $2.2B |
总债务FASTNOW
| 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FASTNOW
| Q1 26 | $3.9B | $11.7B | ||
| Q4 25 | $3.9B | $13.0B | ||
| Q3 25 | $3.9B | $11.3B | ||
| Q2 25 | $3.8B | $10.9B | ||
| Q1 25 | $3.7B | $10.1B | ||
| Q4 24 | $3.6B | $9.6B | ||
| Q3 24 | $3.6B | $9.3B | ||
| Q2 24 | $3.5B | $8.7B |
总资产FASTNOW
| Q1 26 | $5.1B | $24.4B | ||
| Q4 25 | $5.1B | $26.0B | ||
| Q3 25 | $5.1B | $21.8B | ||
| Q2 25 | $5.0B | $22.1B | ||
| Q1 25 | $4.9B | $21.0B | ||
| Q4 24 | $4.7B | $20.4B | ||
| Q3 24 | $4.7B | $18.4B | ||
| Q2 24 | $4.6B | $18.2B |
负债/权益比FASTNOW
| 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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $1.7B |
| 自由现金流率自由现金流/营收 | 15.2% | 44.2% |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 1.25× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $4.8B |
8季度趋势，按日历期对齐
经营现金流FASTNOW
| Q1 26 | $368.2M | $1.7B | ||
| Q4 25 | $368.2M | $2.2B | ||
| Q3 25 | $386.9M | $813.0M | ||
| Q2 25 | $278.6M | $716.0M | ||
| Q1 25 | $262.2M | $1.7B | ||
| Q4 24 | $282.8M | $1.6B | ||
| Q3 24 | $296.9M | $671.0M | ||
| Q2 24 | $258.0M | $620.0M |
自由现金流FASTNOW
| Q1 26 | $308.2M | $1.7B | ||
| Q4 25 | $308.2M | $2.0B | ||
| Q3 25 | $326.6M | $578.0M | ||
| Q2 25 | $209.3M | $526.0M | ||
| Q1 25 | $206.5M | $1.5B | ||
| Q4 24 | $222.6M | $1.4B | ||
| Q3 24 | $237.5M | $469.0M | ||
| Q2 24 | $201.9M | $358.0M |
自由现金流率FASTNOW
| Q1 26 | 15.2% | 44.2% | ||
| Q4 25 | 15.2% | 56.1% | ||
| Q3 25 | 15.3% | 17.0% | ||
| Q2 25 | 10.1% | 16.4% | ||
| Q1 25 | 10.5% | 47.7% | ||
| Q4 24 | 12.2% | 46.7% | ||
| Q3 24 | 12.4% | 16.8% | ||
| Q2 24 | 10.5% | 13.6% |
资本支出强度FASTNOW
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 6.7% | ||
| Q3 25 | 2.8% | 6.9% | ||
| Q2 25 | 3.3% | 5.9% | ||
| Q1 25 | 2.8% | 6.6% | ||
| Q4 24 | 3.3% | 8.6% | ||
| Q3 24 | 3.1% | 7.2% | ||
| Q2 24 | 2.9% | 10.0% |
现金转化率FASTNOW
| Q1 26 | 1.25× | 3.56× | ||
| Q4 25 | 1.25× | 5.58× | ||
| Q3 25 | 1.15× | 1.62× | ||
| Q2 25 | 0.84× | 1.86× | ||
| Q1 25 | 0.88× | 3.65× | ||
| Q4 24 | 1.08× | 4.26× | ||
| Q3 24 | 1.00× | 1.55× | ||
| Q2 24 | 0.88× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $99.0M | 3% |
