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Ferguson Enterprises Inc.（FERG）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
Ferguson Enterprises Inc.的季度营收约是CarMax的1.4倍（$8.2B vs $5.8B）。Ferguson Enterprises Inc.净利率更高（7.0% vs 1.1%，领先5.9%）。Ferguson Enterprises Inc.同比增速更快（5.1% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $312.0M）。过去两年Ferguson Enterprises Inc.的营收复合增速更高（5.7% vs 1.5%）
Ferguson Enterprises Inc.总部位于美国弗吉尼亚州纽波特纽斯，注册地为特拉华州，是美国规模最大的水暖、暖通空调、家电、照明、管材管件、给排水产品分销商。公司95%营收来自美国本土，5%来自加拿大，拥有3.6万家供应商，运营11个区域配送中心、4个主配送中心及近5900个营业网点。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
FERG vs KMX — 直观对比
营收规模更大
FERG
是对方的1.4倍
$5.8B
营收增速更快
FERG
高出12.0%
-6.9%
净利率更高
FERG
高出5.9%
1.1%
自由现金流更多
KMX
多$801.3M
$312.0M
两年增速更快
FERG
近两年复合增速
1.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $8.2B | $5.8B |
| 净利润 | $570.0M | $62.2M |
| 毛利率 | 30.7% | 10.2% |
| 营业利润率 | 9.4% | — |
| 净利率 | 7.0% | 1.1% |
| 营收同比 | 5.1% | -6.9% |
| 净利润同比 | 21.3% | -50.4% |
| 每股收益（稀释后） | $2.90 | $0.43 |
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FERGKMX
| Q4 25 | $8.2B | $5.8B | ||
| Q3 25 | $8.5B | $6.6B | ||
| Q2 25 | $7.6B | $7.5B | ||
| Q1 25 | $6.9B | $6.0B | ||
| Q4 24 | $7.8B | $6.2B | ||
| Q3 24 | $7.9B | $7.0B | ||
| Q2 24 | $7.3B | $7.1B | ||
| Q1 24 | — | $5.6B |
净利润FERGKMX
| Q4 25 | $570.0M | $62.2M | ||
| Q3 25 | $700.0M | $95.4M | ||
| Q2 25 | $410.0M | $210.4M | ||
| Q1 25 | $276.0M | $89.9M | ||
| Q4 24 | $470.0M | $125.4M | ||
| Q3 24 | $451.0M | $132.8M | ||
| Q2 24 | $443.0M | $152.4M | ||
| Q1 24 | — | $50.3M |
毛利率FERGKMX
| Q4 25 | 30.7% | 10.2% | ||
| Q3 25 | 31.7% | 10.9% | ||
| Q2 25 | 31.0% | 11.8% | ||
| Q1 25 | 29.7% | 11.1% | ||
| Q4 24 | 30.1% | 10.9% | ||
| Q3 24 | 31.0% | 10.8% | ||
| Q2 24 | 30.5% | 11.1% | ||
| Q1 24 | — | 10.4% |
营业利润率FERGKMX
| Q4 25 | 9.4% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.0% | 2.0% | ||
| Q4 24 | 8.6% | 2.7% | ||
| Q3 24 | 10.2% | 2.5% | ||
| Q2 24 | 8.6% | 2.9% | ||
| Q1 24 | — | 1.2% |
净利率FERGKMX
| Q4 25 | 7.0% | 1.1% | ||
| Q3 25 | 8.2% | 1.4% | ||
| Q2 25 | 5.4% | 2.8% | ||
| Q1 25 | 4.0% | 1.5% | ||
| Q4 24 | 6.0% | 2.0% | ||
| Q3 24 | 5.7% | 1.9% | ||
| Q2 24 | 6.1% | 2.1% | ||
| Q1 24 | — | 0.9% |
每股收益（稀释后）FERGKMX
| Q4 25 | $2.90 | $0.43 | ||
| Q3 25 | $3.53 | $0.64 | ||
| Q2 25 | $2.07 | $1.38 | ||
| Q1 25 | $1.38 | $0.58 | ||
| Q4 24 | $2.34 | $0.81 | ||
| Q3 24 | $2.23 | $0.85 | ||
| Q2 24 | $2.18 | $0.97 | ||
| Q1 24 | — | $0.31 |
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 | $526.0M | $204.9M |
| 总债务越低越好 | — | $16.6B |
| 股东权益账面价值 | $6.1B | $6.1B |
| 总资产 | $17.7B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资FERGKMX
| Q4 25 | $526.0M | $204.9M | ||
| Q3 25 | $674.0M | $540.4M | ||
| Q2 25 | $519.0M | $262.8M | ||
| Q1 25 | $764.0M | $247.0M | ||
| Q4 24 | $601.0M | $271.9M | ||
| Q3 24 | $571.0M | $524.7M | ||
| Q2 24 | — | $218.9M | ||
| Q1 24 | — | $574.1M |
总债务FERGKMX
| Q4 25 | — | $16.6B | ||
| Q3 25 | $4.2B | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | $4.0B | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
股东权益FERGKMX
| Q4 25 | $6.1B | $6.1B | ||
| Q3 25 | $5.8B | $6.2B | ||
| Q2 25 | $5.5B | $6.3B | ||
| Q1 25 | $5.5B | $6.2B | ||
| Q4 24 | $5.7B | $6.2B | ||
| Q3 24 | $5.6B | $6.2B | ||
| Q2 24 | $5.5B | $6.2B | ||
| Q1 24 | — | $6.1B |
总资产FERGKMX
| Q4 25 | $17.7B | $25.6B | ||
| Q3 25 | $17.7B | $27.1B | ||
| Q2 25 | $17.3B | $27.4B | ||
| Q1 25 | $16.5B | $27.4B | ||
| Q4 24 | $16.9B | $27.3B | ||
| Q3 24 | $16.6B | $27.3B | ||
| Q2 24 | — | $27.2B | ||
| Q1 24 | — | $27.2B |
负债/权益比FERGKMX
| Q4 25 | — | 2.74× | ||
| Q3 25 | 0.72× | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | 0.70× | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $430.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $312.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 3.8% | 19.2% |
| 资本支出强度资本支出/营收 | 1.4% | 2.4% |
| 现金转化率经营现金流/净利润 | 0.75× | 20.14× |
| 过去12个月自由现金流最近4个季度 | — | $1.9B |
8季度趋势，按日历期对齐
经营现金流FERGKMX
| Q4 25 | $430.0M | $1.3B | ||
| Q3 25 | $541.0M | $785.5M | ||
| Q2 25 | $682.0M | $299.5M | ||
| Q1 25 | $340.0M | $146.4M | ||
| Q4 24 | $345.0M | $-23.4M | ||
| Q3 24 | — | $619.1M | ||
| Q2 24 | — | $-117.7M | ||
| Q1 24 | — | $309.6M |
自由现金流FERGKMX
| Q4 25 | $312.0M | $1.1B | ||
| Q3 25 | — | $654.0M | ||
| Q2 25 | $605.0M | $162.8M | ||
| Q1 25 | $259.0M | $18.8M | ||
| Q4 24 | $268.0M | $-150.6M | ||
| Q3 24 | — | $509.9M | ||
| Q2 24 | — | $-221.6M | ||
| Q1 24 | — | $199.8M |
自由现金流率FERGKMX
| Q4 25 | 3.8% | 19.2% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 7.9% | 2.2% | ||
| Q1 25 | 3.8% | 0.3% | ||
| Q4 24 | 3.4% | -2.4% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -3.1% | ||
| Q1 24 | — | 3.6% |
资本支出强度FERGKMX
| Q4 25 | 1.4% | 2.4% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 1.2% | 2.1% | ||
| Q4 24 | 1.0% | 2.0% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.0% |
现金转化率FERGKMX
| Q4 25 | 0.75× | 20.14× | ||
| Q3 25 | 0.77× | 8.24× | ||
| Q2 25 | 1.66× | 1.42× | ||
| Q1 25 | 1.23× | 1.63× | ||
| Q4 24 | 0.73× | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | -0.77× | ||
| Q1 24 | — | 6.16× |
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
FERG
暂无分部数据
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
