vs
Fastenal（FAST）与QVC Group, Inc.（QVCGA）财务数据对比。点击上方公司名可切换其他公司
QVC Group, Inc.的季度营收约是Fastenal的1.3倍（$2.7B vs $2.0B），Fastenal净利率更高（14.5% vs -1.4%，领先15.9%），Fastenal同比增速更快（3.5% vs -9.1%），Fastenal自由现金流更多（$308.2M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
FAST vs QVCGA — 直观对比
营收规模更大
QVCGA
是对方的1.3倍
$2.0B
营收增速更快
FAST
高出12.6%
-9.1%
净利率更高
FAST
高出15.9%
-1.4%
自由现金流更多
FAST
多$117.2M
$191.0M
两年增速更快
QVCGA
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.7B |
| 净利润 | $293.9M | $-37.0M |
| 毛利率 | 44.3% | 32.9% |
| 营业利润率 | 18.9% | 3.7% |
| 净利率 | 14.5% | -1.4% |
| 营收同比 | 3.5% | -9.1% |
| 净利润同比 | -1.6% | 97.1% |
| 每股收益（稀释后） | $-0.01 | $-17.37 |
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FASTQVCGA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.0B | $2.1B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $2.4B |
净利润FASTQVCGA
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $-37.0M | ||
| Q3 25 | $335.5M | $-80.0M | ||
| Q2 25 | $330.3M | $-2.2B | ||
| Q1 25 | $298.7M | $-100.0M | ||
| Q4 24 | $262.1M | $-1.3B | ||
| Q3 24 | $298.1M | $-23.0M | ||
| Q2 24 | $292.7M | $20.0M |
毛利率FASTQVCGA
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 32.9% | ||
| Q3 25 | 45.3% | 34.0% | ||
| Q2 25 | 45.3% | 36.4% | ||
| Q1 25 | 45.1% | 34.2% | ||
| Q4 24 | 44.8% | 33.3% | ||
| Q3 24 | 44.9% | 35.3% | ||
| Q2 24 | 45.1% | 36.4% |
营业利润率FASTQVCGA
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 3.7% | ||
| Q3 25 | 20.7% | 2.7% | ||
| Q2 25 | 21.0% | -101.6% | ||
| Q1 25 | 20.1% | 0.7% | ||
| Q4 24 | 18.9% | -43.2% | ||
| Q3 24 | 20.3% | 6.5% | ||
| Q2 24 | 20.2% | 6.9% |
净利率FASTQVCGA
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | -1.4% | ||
| Q3 25 | 15.7% | -3.6% | ||
| Q2 25 | 15.9% | -99.4% | ||
| Q1 25 | 15.2% | -4.8% | ||
| Q4 24 | 14.4% | -43.7% | ||
| Q3 24 | 15.6% | -1.0% | ||
| Q2 24 | 15.3% | 0.8% |
每股收益（稀释后）FASTQVCGA
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $-17.37 | ||
| Q3 25 | $0.29 | $-9.89 | ||
| Q2 25 | $0.29 | $-275.46 | ||
| Q1 25 | $0.52 | $-0.25 | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $0.52 | $-0.06 | ||
| Q2 24 | $0.51 | $2.57 |
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 | $2.0B |
| 总债务越低越好 | $125.0M | $790.0M |
| 股东权益账面价值 | $3.9B | $-3.1B |
| 总资产 | $5.1B | $7.6B |
| 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FASTQVCGA
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $2.0B | ||
| Q3 25 | $288.1M | $1.8B | ||
| Q2 25 | $237.8M | $897.0M | ||
| Q1 25 | $231.8M | $833.0M | ||
| Q4 24 | $255.8M | $905.0M | ||
| Q3 24 | $292.2M | $873.0M | ||
| Q2 24 | $255.5M | $1.2B |
总债务FASTQVCGA
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $790.0M | ||
| Q3 25 | $195.0M | $5.9B | ||
| Q2 25 | $230.0M | $4.9B | ||
| Q1 25 | $200.0M | $5.0B | ||
| Q4 24 | $200.0M | $4.1B | ||
| Q3 24 | $240.0M | $5.1B | ||
| Q2 24 | $235.0M | $5.3B |
股东权益FASTQVCGA
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $-3.1B | ||
| Q3 25 | $3.9B | $-3.1B | ||
| Q2 25 | $3.8B | $-3.0B | ||
| Q1 25 | $3.7B | $-981.0M | ||
| Q4 24 | $3.6B | $-971.0M | ||
| Q3 24 | $3.6B | $397.0M | ||
| Q2 24 | $3.5B | $328.0M |
总资产FASTQVCGA
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $7.6B | ||
| Q3 25 | $5.1B | $7.6B | ||
| Q2 25 | $5.0B | $6.7B | ||
| Q1 25 | $4.9B | $9.0B | ||
| Q4 24 | $4.7B | $9.2B | ||
| Q3 24 | $4.7B | $10.8B | ||
| Q2 24 | $4.6B | $10.9B |
负债/权益比FASTQVCGA
| 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× | 12.74× | ||
| Q2 24 | 0.07× | 16.28× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $191.0M |
| 自由现金流率自由现金流/营收 | 15.2% | 7.1% |
| 资本支出强度资本支出/营收 | 3.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.25× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $118.0M |
8季度趋势，按日历期对齐
经营现金流FASTQVCGA
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $244.0M | ||
| Q3 25 | $386.9M | $4.0M | ||
| Q2 25 | $278.6M | $86.0M | ||
| Q1 25 | $262.2M | $-60.0M | ||
| Q4 24 | $282.8M | $212.0M | ||
| Q3 24 | $296.9M | $20.0M | ||
| Q2 24 | $258.0M | $267.0M |
自由现金流FASTQVCGA
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $191.0M | ||
| Q3 25 | $326.6M | $-27.0M | ||
| Q2 25 | $209.3M | $48.0M | ||
| Q1 25 | $206.5M | $-94.0M | ||
| Q4 24 | $222.6M | $150.0M | ||
| Q3 24 | $237.5M | $-23.0M | ||
| Q2 24 | $201.9M | $213.0M |
自由现金流率FASTQVCGA
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 7.1% | ||
| Q3 25 | 15.3% | -1.2% | ||
| Q2 25 | 10.1% | 2.1% | ||
| Q1 25 | 10.5% | -4.5% | ||
| Q4 24 | 12.2% | 5.1% | ||
| Q3 24 | 12.4% | -1.0% | ||
| Q2 24 | 10.5% | 8.8% |
资本支出强度FASTQVCGA
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 3.3% | 1.7% | ||
| Q1 25 | 2.8% | 1.6% | ||
| Q4 24 | 3.3% | 2.1% | ||
| Q3 24 | 3.1% | 1.8% | ||
| Q2 24 | 2.9% | 2.2% |
现金转化率FASTQVCGA
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.88× | 13.35× |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
