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Grocery Outlet Holding Corp.（GO）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
Grocery Outlet Holding Corp.的季度营收约是雷诺士国际的1.0倍（$1.2B vs $1.2B），雷诺士国际净利率更高（13.6% vs -18.5%，领先32.1%），雷诺士国际同比增速更快（-11.2% vs -72.2%），过去两年Grocery Outlet Holding Corp.的营收复合增速更高（8.3% vs 6.8%）
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
GO vs LII — 直观对比
营收规模更大
GO
是对方的1.0倍
$1.2B
营收增速更快
LII
高出61.0%
-72.2%
净利率更高
LII
高出32.1%
-18.5%
两年增速更快
GO
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-224.9M | $162.1M |
| 毛利率 | 29.7% | 34.7% |
| 营业利润率 | — | 18.6% |
| 净利率 | -18.5% | 13.6% |
| 营收同比 | -72.2% | -11.2% |
| 净利润同比 | -669.9% | -18.0% |
| 每股收益（稀释后） | $-2.22 | $4.62 |
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GOLII
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B |
净利润GOLII
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $162.1M | ||
| Q3 25 | $11.6M | $245.8M | ||
| Q2 25 | $5.0M | $277.6M | ||
| Q1 25 | $-23.3M | $120.3M | ||
| Q4 24 | $2.3M | $197.7M | ||
| Q3 24 | $24.2M | $239.0M | ||
| Q2 24 | $14.0M | $245.9M |
毛利率GOLII
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | 34.7% | ||
| Q3 25 | 30.4% | 32.8% | ||
| Q2 25 | 30.6% | 34.8% | ||
| Q1 25 | 30.4% | 30.6% | ||
| Q4 24 | 29.5% | 33.9% | ||
| Q3 24 | 31.1% | 32.6% | ||
| Q2 24 | 30.9% | 33.6% |
营业利润率GOLII
| Q1 26 | — | — | ||
| Q4 25 | — | 18.6% | ||
| Q3 25 | 2.0% | 21.7% | ||
| Q2 25 | 1.1% | 23.6% | ||
| Q1 25 | -2.0% | 14.5% | ||
| Q4 24 | 1.0% | 18.2% | ||
| Q3 24 | 3.6% | 20.2% | ||
| Q2 24 | 2.3% | 22.1% |
净利率GOLII
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | 1.0% | 17.2% | ||
| Q2 25 | 0.4% | 18.5% | ||
| Q1 25 | -2.1% | 11.2% | ||
| Q4 24 | 0.2% | 14.7% | ||
| Q3 24 | 2.2% | 16.0% | ||
| Q2 24 | 1.2% | 16.9% |
每股收益（稀释后）GOLII
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $4.62 | ||
| Q3 25 | $0.12 | $6.98 | ||
| Q2 25 | $0.05 | $7.82 | ||
| Q1 25 | $-0.24 | $3.37 | ||
| Q4 24 | $0.03 | $5.52 | ||
| Q3 24 | $0.24 | $6.68 | ||
| Q2 24 | $0.14 | $6.87 |
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 | $69.6M | $34.7M |
| 总债务越低越好 | $15.0M | $1.1B |
| 股东权益账面价值 | $983.7M | $1.2B |
| 总资产 | $3.1B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资GOLII
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $34.7M | ||
| Q3 25 | $52.1M | $59.2M | ||
| Q2 25 | $55.2M | $55.1M | ||
| Q1 25 | $50.9M | $222.9M | ||
| Q4 24 | $62.8M | $422.3M | ||
| Q3 24 | $68.7M | $255.7M | ||
| Q2 24 | $67.1M | $57.8M |
总债务GOLII
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $500.3M | $838.2M | ||
| Q2 25 | $473.9M | $835.7M | ||
| Q1 25 | $475.7M | $834.2M | ||
| Q4 24 | $477.5M | $833.1M | ||
| Q3 24 | $429.3M | $827.6M | ||
| Q2 24 | $379.2M | $1.1B |
股东权益GOLII
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $900.5M | ||
| Q1 25 | $1.2B | $852.5M | ||
| Q4 24 | $1.2B | $850.2M | ||
| Q3 24 | $1.2B | $754.0M | ||
| Q2 24 | $1.2B | $577.4M |
总资产GOLII
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $3.4B | $3.5B | ||
| Q2 25 | $3.3B | $3.7B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.2B | $3.5B | ||
| Q3 24 | $3.1B | $3.3B | ||
| Q2 24 | $3.1B | $3.2B |
负债/权益比GOLII
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | 0.42× | 0.78× | ||
| Q2 25 | 0.40× | 0.93× | ||
| Q1 25 | 0.40× | 0.98× | ||
| Q4 24 | 0.40× | 0.98× | ||
| Q3 24 | 0.35× | 1.10× | ||
| Q2 24 | 0.31× | 1.95× |
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 | $222.1M | $405.9M |
| 自由现金流经营现金流 - 资本支出 | — | $376.7M |
| 自由现金流率自由现金流/营收 | — | 31.5% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | — | 2.50× |
| 过去12个月自由现金流最近4个季度 | — | $638.8M |
8季度趋势，按日历期对齐
经营现金流GOLII
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $405.9M | ||
| Q3 25 | $17.3M | $300.7M | ||
| Q2 25 | $73.6M | $86.8M | ||
| Q1 25 | $58.9M | $-35.8M | ||
| Q4 24 | $39.5M | $332.4M | ||
| Q3 24 | $23.0M | $452.1M | ||
| Q2 24 | $41.6M | $184.0M |
自由现金流GOLII
| Q1 26 | — | — | ||
| Q4 25 | — | $376.7M | ||
| Q3 25 | $-21.6M | $265.1M | ||
| Q2 25 | $14.4M | $58.3M | ||
| Q1 25 | $-1.5M | $-61.3M | ||
| Q4 24 | $-19.6M | $272.2M | ||
| Q3 24 | $-19.3M | $410.9M | ||
| Q2 24 | $2.7M | $151.3M |
自由现金流率GOLII
| Q1 26 | — | — | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | -1.8% | 18.6% | ||
| Q2 25 | 1.2% | 3.9% | ||
| Q1 25 | -0.1% | -5.7% | ||
| Q4 24 | -1.8% | 20.2% | ||
| Q3 24 | -1.7% | 27.4% | ||
| Q2 24 | 0.2% | 10.4% |
资本支出强度GOLII
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | 3.3% | 2.5% | ||
| Q2 25 | 5.0% | 1.9% | ||
| Q1 25 | 5.4% | 2.4% | ||
| Q4 24 | 5.4% | 4.5% | ||
| Q3 24 | 3.8% | 2.8% | ||
| Q2 24 | 3.4% | 2.3% |
现金转化率GOLII
| Q1 26 | — | — | ||
| Q4 25 | — | 2.50× | ||
| Q3 25 | 1.49× | 1.22× | ||
| Q2 25 | 14.84× | 0.31× | ||
| Q1 25 | — | -0.30× | ||
| Q4 24 | 17.09× | 1.68× | ||
| Q3 24 | 0.95× | 1.89× | ||
| Q2 24 | 2.97× | 0.75× |
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
GO
暂无分部数据
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
