vs
Fastenal（FAST）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是Fastenal的1.8倍（$3.7B vs $2.0B），道富集团净利率更高（20.4% vs 14.5%，领先5.9%），道富集团同比增速更快（7.5% vs 3.5%），道富集团自由现金流更多（$9.8B vs $308.2M），过去两年道富集团的营收复合增速更高（8.1% 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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
FAST vs STT — 直观对比
营收规模更大
STT
是对方的1.8倍
$2.0B
营收增速更快
STT
高出4.0%
3.5%
净利率更高
STT
高出5.9%
14.5%
自由现金流更多
STT
多$9.5B
$308.2M
两年增速更快
STT
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.7B |
| 净利润 | $293.9M | $747.0M |
| 毛利率 | 44.3% | — |
| 营业利润率 | 18.9% | 25.0% |
| 净利率 | 14.5% | 20.4% |
| 营收同比 | 3.5% | 7.5% |
| 净利润同比 | -1.6% | -4.6% |
| 每股收益（稀释后） | $-0.01 | $2.41 |
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FASTSTT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.7B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.0B | $3.3B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.9B | $3.3B | ||
| Q2 24 | $1.9B | $3.2B |
净利润FASTSTT
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $747.0M | ||
| Q3 25 | $335.5M | $861.0M | ||
| Q2 25 | $330.3M | $693.0M | ||
| Q1 25 | $298.7M | $644.0M | ||
| Q4 24 | $262.1M | $783.0M | ||
| Q3 24 | $298.1M | $730.0M | ||
| Q2 24 | $292.7M | $711.0M |
毛利率FASTSTT
| 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FASTSTT
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 25.0% | ||
| Q3 25 | 20.7% | 31.1% | ||
| Q2 25 | 21.0% | 25.8% | ||
| Q1 25 | 20.1% | 25.0% | ||
| Q4 24 | 18.9% | 28.1% | ||
| Q3 24 | 20.3% | 28.4% | ||
| Q2 24 | 20.2% | 28.6% |
净利率FASTSTT
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 20.4% | ||
| Q3 25 | 15.7% | 24.3% | ||
| Q2 25 | 15.9% | 20.1% | ||
| Q1 25 | 15.2% | 19.6% | ||
| Q4 24 | 14.4% | 22.9% | ||
| Q3 24 | 15.6% | 22.4% | ||
| Q2 24 | 15.3% | 22.3% |
每股收益（稀释后）FASTSTT
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $2.41 | ||
| Q3 25 | $0.29 | $2.78 | ||
| Q2 25 | $0.29 | $2.17 | ||
| Q1 25 | $0.52 | $2.04 | ||
| Q4 24 | $0.45 | $2.43 | ||
| Q3 24 | $0.52 | $2.26 | ||
| Q2 24 | $0.51 | $2.15 |
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 | — |
| 总债务越低越好 | $125.0M | — |
| 股东权益账面价值 | $3.9B | $27.8B |
| 总资产 | $5.1B | $366.0B |
| 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FASTSTT
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | — | ||
| Q3 25 | $288.1M | — | ||
| Q2 25 | $237.8M | — | ||
| Q1 25 | $231.8M | — | ||
| Q4 24 | $255.8M | — | ||
| Q3 24 | $292.2M | — | ||
| Q2 24 | $255.5M | — |
总债务FASTSTT
| 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FASTSTT
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $27.8B | ||
| Q3 25 | $3.9B | $27.6B | ||
| Q2 25 | $3.8B | $27.3B | ||
| Q1 25 | $3.7B | $26.7B | ||
| Q4 24 | $3.6B | $25.3B | ||
| Q3 24 | $3.6B | $25.8B | ||
| Q2 24 | $3.5B | $24.8B |
总资产FASTSTT
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $366.0B | ||
| Q3 25 | $5.1B | $371.1B | ||
| Q2 25 | $5.0B | $376.7B | ||
| Q1 25 | $4.9B | $372.7B | ||
| Q4 24 | $4.7B | $353.2B | ||
| Q3 24 | $4.7B | $338.5B | ||
| Q2 24 | $4.6B | $325.6B |
负债/权益比FASTSTT
| 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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $9.8B |
| 自由现金流率自由现金流/营收 | 15.2% | 266.6% |
| 资本支出强度资本支出/营收 | 3.0% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.25× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $10.8B |
8季度趋势，按日历期对齐
经营现金流FASTSTT
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $10.0B | ||
| Q3 25 | $386.9M | $7.9B | ||
| Q2 25 | $278.6M | $-8.4B | ||
| Q1 25 | $262.2M | $2.4B | ||
| Q4 24 | $282.8M | $-7.4B | ||
| Q3 24 | $296.9M | $2.7B | ||
| Q2 24 | $258.0M | $-7.6B |
自由现金流FASTSTT
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $9.8B | ||
| Q3 25 | $326.6M | $7.7B | ||
| Q2 25 | $209.3M | $-8.8B | ||
| Q1 25 | $206.5M | $2.2B | ||
| Q4 24 | $222.6M | $-7.7B | ||
| Q3 24 | $237.5M | $2.5B | ||
| Q2 24 | $201.9M | $-7.9B |
自由现金流率FASTSTT
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 266.6% | ||
| Q3 25 | 15.3% | 216.0% | ||
| Q2 25 | 10.1% | -254.1% | ||
| Q1 25 | 10.5% | 66.1% | ||
| Q4 24 | 12.2% | -225.1% | ||
| Q3 24 | 12.4% | 75.9% | ||
| Q2 24 | 10.5% | -246.2% |
资本支出强度FASTSTT
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 7.3% | ||
| Q3 25 | 2.8% | 6.9% | ||
| Q2 25 | 3.3% | 9.3% | ||
| Q1 25 | 2.8% | 6.9% | ||
| Q4 24 | 3.3% | 7.3% | ||
| Q3 24 | 3.1% | 7.2% | ||
| Q2 24 | 2.9% | 6.7% |
现金转化率FASTSTT
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 13.44× | ||
| Q3 25 | 1.15× | 9.18× | ||
| Q2 25 | 0.84× | -12.18× | ||
| Q1 25 | 0.88× | 3.72× | ||
| Q4 24 | 1.08× | -9.49× | ||
| Q3 24 | 1.00× | 3.71× | ||
| Q2 24 | 0.88× | -10.75× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
