vs
Fastenal（FAST）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是Fastenal的1.2倍（$2.3B vs $2.0B），Fastenal净利率更高（14.5% vs 11.3%，领先3.2%），PPL Corporation同比增速更快（7.2% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $-614.0M），过去两年Fastenal的营收复合增速更高（2.9% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
FAST vs PPL — 直观对比
营收规模更大
PPL
是对方的1.2倍
$2.0B
营收增速更快
PPL
高出3.7%
3.5%
净利率更高
FAST
高出3.2%
11.3%
自由现金流更多
FAST
多$922.2M
$-614.0M
两年增速更快
FAST
近两年复合增速
1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.3B |
| 净利润 | $293.9M | $266.0M |
| 毛利率 | 44.3% | — |
| 营业利润率 | 18.9% | 20.3% |
| 净利率 | 14.5% | 11.3% |
| 营收同比 | 3.5% | 7.2% |
| 净利润同比 | -1.6% | 50.3% |
| 每股收益（稀释后） | $-0.01 | $0.35 |
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FASTPPL
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.0B | $2.5B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.9B | $2.1B | ||
| Q2 24 | $1.9B | $1.9B |
净利润FASTPPL
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $266.0M | ||
| Q3 25 | $335.5M | $318.0M | ||
| Q2 25 | $330.3M | $183.0M | ||
| Q1 25 | $298.7M | $414.0M | ||
| Q4 24 | $262.1M | $177.0M | ||
| Q3 24 | $298.1M | $214.0M | ||
| Q2 24 | $292.7M | $190.0M |
毛利率FASTPPL
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 45.3% | — | ||
| Q2 25 | 45.3% | — | ||
| Q1 25 | 45.1% | — | ||
| Q4 24 | 44.8% | — | ||
| Q3 24 | 44.9% | — | ||
| Q2 24 | 45.1% | — |
营业利润率FASTPPL
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 20.3% | ||
| Q3 25 | 20.7% | 25.4% | ||
| Q2 25 | 21.0% | 19.9% | ||
| Q1 25 | 20.1% | 26.6% | ||
| Q4 24 | 18.9% | 17.2% | ||
| Q3 24 | 20.3% | 20.6% | ||
| Q2 24 | 20.2% | 20.8% |
净利率FASTPPL
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 11.3% | ||
| Q3 25 | 15.7% | 14.2% | ||
| Q2 25 | 15.9% | 9.0% | ||
| Q1 25 | 15.2% | 16.3% | ||
| Q4 24 | 14.4% | 8.1% | ||
| Q3 24 | 15.6% | 10.3% | ||
| Q2 24 | 15.3% | 10.1% |
每股收益（稀释后）FASTPPL
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $0.35 | ||
| Q3 25 | $0.29 | $0.43 | ||
| Q2 25 | $0.29 | $0.25 | ||
| Q1 25 | $0.52 | $0.56 | ||
| Q4 24 | $0.45 | $0.23 | ||
| Q3 24 | $0.52 | $0.29 | ||
| Q2 24 | $0.51 | $0.26 |
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 | $1.1B |
| 总债务越低越好 | $125.0M | $18.9B |
| 股东权益账面价值 | $3.9B | $14.9B |
| 总资产 | $5.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.03× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资FASTPPL
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $1.1B | ||
| Q3 25 | $288.1M | $1.1B | ||
| Q2 25 | $237.8M | $294.0M | ||
| Q1 25 | $231.8M | $312.0M | ||
| Q4 24 | $255.8M | $306.0M | ||
| Q3 24 | $292.2M | $542.0M | ||
| Q2 24 | $255.5M | $282.0M |
总债务FASTPPL
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $18.9B | ||
| Q3 25 | $195.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | $16.5B | ||
| Q3 24 | $240.0M | — | ||
| Q2 24 | $235.0M | — |
股东权益FASTPPL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $14.9B | ||
| Q3 25 | $3.9B | $14.4B | ||
| Q2 25 | $3.8B | $14.3B | ||
| Q1 25 | $3.7B | $14.3B | ||
| Q4 24 | $3.6B | $14.1B | ||
| Q3 24 | $3.6B | $14.1B | ||
| Q2 24 | $3.5B | $14.1B |
总资产FASTPPL
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $45.2B | ||
| Q3 25 | $5.1B | $43.9B | ||
| Q2 25 | $5.0B | $42.4B | ||
| Q1 25 | $4.9B | $41.8B | ||
| Q4 24 | $4.7B | $41.1B | ||
| Q3 24 | $4.7B | $40.5B | ||
| Q2 24 | $4.6B | $39.8B |
负债/权益比FASTPPL
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 1.27× | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.06× | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $-614.0M |
| 自由现金流率自由现金流/营收 | 15.2% | -26.1% |
| 资本支出强度资本支出/营收 | 3.0% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.25× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流FASTPPL
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $548.0M | ||
| Q3 25 | $386.9M | $966.0M | ||
| Q2 25 | $278.6M | $602.0M | ||
| Q1 25 | $262.2M | $513.0M | ||
| Q4 24 | $282.8M | $511.0M | ||
| Q3 24 | $296.9M | $781.0M | ||
| Q2 24 | $258.0M | $766.0M |
自由现金流FASTPPL
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $-614.0M | ||
| Q3 25 | $326.6M | $-179.0M | ||
| Q2 25 | $209.3M | $-328.0M | ||
| Q1 25 | $206.5M | $-280.0M | ||
| Q4 24 | $222.6M | $-349.0M | ||
| Q3 24 | $237.5M | $102.0M | ||
| Q2 24 | $201.9M | $96.0M |
自由现金流率FASTPPL
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | -26.1% | ||
| Q3 25 | 15.3% | -8.0% | ||
| Q2 25 | 10.1% | -16.1% | ||
| Q1 25 | 10.5% | -11.0% | ||
| Q4 24 | 12.2% | -15.9% | ||
| Q3 24 | 12.4% | 4.9% | ||
| Q2 24 | 10.5% | 5.1% |
资本支出强度FASTPPL
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 49.5% | ||
| Q3 25 | 2.8% | 51.2% | ||
| Q2 25 | 3.3% | 45.6% | ||
| Q1 25 | 2.8% | 31.2% | ||
| Q4 24 | 3.3% | 39.3% | ||
| Q3 24 | 3.1% | 32.7% | ||
| Q2 24 | 2.9% | 35.8% |
现金转化率FASTPPL
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 2.06× | ||
| Q3 25 | 1.15× | 3.04× | ||
| Q2 25 | 0.84× | 3.29× | ||
| Q1 25 | 0.88× | 1.24× | ||
| Q4 24 | 1.08× | 2.89× | ||
| Q3 24 | 1.00× | 3.65× | ||
| Q2 24 | 0.88× | 4.03× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
