vs
Fastenal（FAST）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是Fastenal的1.9倍（$3.8B vs $2.0B），Williams Companies净利率更高（19.1% vs 14.5%，领先4.6%），Williams Companies同比增速更快（12.7% vs 3.5%），Fastenal自由现金流更多（$308.2M vs $-379.0M），过去两年Williams Companies的营收复合增速更高（7.3% 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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
FAST vs WMB — 直观对比
营收规模更大
WMB
是对方的1.9倍
$2.0B
营收增速更快
WMB
高出9.2%
3.5%
净利率更高
WMB
高出4.6%
14.5%
自由现金流更多
FAST
多$687.2M
$-379.0M
两年增速更快
WMB
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.8B |
| 净利润 | $293.9M | $734.0M |
| 毛利率 | 44.3% | — |
| 营业利润率 | 18.9% | 27.3% |
| 净利率 | 14.5% | 19.1% |
| 营收同比 | 3.5% | 12.7% |
| 净利润同比 | -1.6% | 51.0% |
| 每股收益（稀释后） | $-0.01 | $0.60 |
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FASTWMB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.9B | $3.0B | ||
| Q2 24 | $1.9B | $2.8B |
净利润FASTWMB
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $734.0M | ||
| Q3 25 | $335.5M | $647.0M | ||
| Q2 25 | $330.3M | $546.0M | ||
| Q1 25 | $298.7M | $691.0M | ||
| Q4 24 | $262.1M | $486.0M | ||
| Q3 24 | $298.1M | $706.0M | ||
| Q2 24 | $292.7M | $401.0M |
毛利率FASTWMB
| 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FASTWMB
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 27.3% | ||
| Q3 25 | 20.7% | 31.8% | ||
| Q2 25 | 21.0% | 28.0% | ||
| Q1 25 | 20.1% | 26.1% | ||
| Q4 24 | 18.9% | 23.2% | ||
| Q3 24 | 20.3% | 27.6% | ||
| Q2 24 | 20.2% | 24.4% |
净利率FASTWMB
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 19.1% | ||
| Q3 25 | 15.7% | 18.5% | ||
| Q2 25 | 15.9% | 16.2% | ||
| Q1 25 | 15.2% | 16.5% | ||
| Q4 24 | 14.4% | 14.2% | ||
| Q3 24 | 15.6% | 23.3% | ||
| Q2 24 | 15.3% | 14.1% |
每股收益（稀释后）FASTWMB
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $0.60 | ||
| Q3 25 | $0.29 | $0.53 | ||
| Q2 25 | $0.29 | $0.45 | ||
| Q1 25 | $0.52 | $0.56 | ||
| Q4 24 | $0.45 | $0.39 | ||
| Q3 24 | $0.52 | $0.58 | ||
| Q2 24 | $0.51 | $0.33 |
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 | $27.3B |
| 股东权益账面价值 | $3.9B | $12.8B |
| 总资产 | $5.1B | $58.6B |
| 负债/权益比越低杠杆越低 | 0.03× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资FASTWMB
| 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FASTWMB
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | $27.3B | ||
| Q3 25 | $195.0M | $25.6B | ||
| Q2 25 | $230.0M | $25.6B | ||
| Q1 25 | $200.0M | $24.1B | ||
| Q4 24 | $200.0M | $24.7B | ||
| Q3 24 | $240.0M | $24.8B | ||
| Q2 24 | $235.0M | $24.1B |
股东权益FASTWMB
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $12.8B | ||
| Q3 25 | $3.9B | $12.5B | ||
| Q2 25 | $3.8B | $12.4B | ||
| Q1 25 | $3.7B | $12.5B | ||
| Q4 24 | $3.6B | $12.4B | ||
| Q3 24 | $3.6B | $12.4B | ||
| Q2 24 | $3.5B | $12.3B |
总资产FASTWMB
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $58.6B | ||
| Q3 25 | $5.1B | $55.7B | ||
| Q2 25 | $5.0B | $56.1B | ||
| Q1 25 | $4.9B | $54.9B | ||
| Q4 24 | $4.7B | $54.5B | ||
| Q3 24 | $4.7B | $53.8B | ||
| Q2 24 | $4.6B | $52.4B |
负债/权益比FASTWMB
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | 2.13× | ||
| Q3 25 | 0.05× | 2.04× | ||
| Q2 25 | 0.06× | 2.06× | ||
| Q1 25 | 0.05× | 1.93× | ||
| Q4 24 | 0.06× | 1.99× | ||
| Q3 24 | 0.07× | 2.00× | ||
| Q2 24 | 0.07× | 1.96× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $-379.0M |
| 自由现金流率自由现金流/营收 | 15.2% | -9.9% |
| 资本支出强度资本支出/营收 | 3.0% | 50.9% |
| 现金转化率经营现金流/净利润 | 1.25× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.0B |
8季度趋势，按日历期对齐
经营现金流FASTWMB
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $1.6B | ||
| Q3 25 | $386.9M | $1.4B | ||
| Q2 25 | $278.6M | $1.4B | ||
| Q1 25 | $262.2M | $1.4B | ||
| Q4 24 | $282.8M | $1.2B | ||
| Q3 24 | $296.9M | $1.2B | ||
| Q2 24 | $258.0M | $1.3B |
自由现金流FASTWMB
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $-379.0M | ||
| Q3 25 | $326.6M | $485.0M | ||
| Q2 25 | $209.3M | $478.0M | ||
| Q1 25 | $206.5M | $421.0M | ||
| Q4 24 | $222.6M | $450.0M | ||
| Q3 24 | $237.5M | $561.0M | ||
| Q2 24 | $201.9M | $700.0M |
自由现金流率FASTWMB
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | -9.9% | ||
| Q3 25 | 15.3% | 13.9% | ||
| Q2 25 | 10.1% | 14.2% | ||
| Q1 25 | 10.5% | 10.1% | ||
| Q4 24 | 12.2% | 13.2% | ||
| Q3 24 | 12.4% | 18.5% | ||
| Q2 24 | 10.5% | 24.6% |
资本支出强度FASTWMB
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 50.9% | ||
| Q3 25 | 2.8% | 27.3% | ||
| Q2 25 | 3.3% | 28.8% | ||
| Q1 25 | 2.8% | 24.2% | ||
| Q4 24 | 3.3% | 22.5% | ||
| Q3 24 | 3.1% | 22.5% | ||
| Q2 24 | 2.9% | 20.3% |
现金转化率FASTWMB
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 2.15× | ||
| Q3 25 | 1.15× | 2.22× | ||
| Q2 25 | 0.84× | 2.66× | ||
| Q1 25 | 0.88× | 2.07× | ||
| Q4 24 | 1.08× | 2.51× | ||
| Q3 24 | 1.00× | 1.76× | ||
| Q2 24 | 0.88× | 3.19× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
