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家得宝（HD）与马拉松石油（MPC）财务数据对比。点击上方公司名可切换其他公司
家得宝的季度营收约是马拉松石油的1.3倍（$41.8B vs $32.6B），家得宝净利率更高（7.9% vs 4.7%，领先3.2%），家得宝同比增速更快（4.8% vs -1.7%），过去两年马拉松石油的营收复合增速更高（-0.2% vs -1.6%）
家得宝是美国跨国家装零售巨头，也是美国规模最大的家装零售商，主营工具、建材、家电等产品销售，同时提供燃油、运输租赁等服务。公司总部位于佐治亚州科布县，通信地址设于亚特兰大，2021年员工数达49.06万，营收超1510亿美元。
马拉松石油是总部位于美国俄亥俄州芬德利的能源企业，核心业务覆盖石油炼制、销售与运输全链条。该公司此前为马拉松石油集团的全资子公司，于2011年完成分拆后独立运营。
HD vs MPC — 直观对比
营收规模更大
HD
是对方的1.3倍
$32.6B
营收增速更快
HD
高出6.5%
-1.7%
净利率更高
HD
高出3.2%
4.7%
两年增速更快
MPC
近两年复合增速
-1.6%
损益表 — Q2 FY2027 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.8B | $32.6B |
| 净利润 | $3.3B | $1.5B |
| 毛利率 | 33.0% | 11.4% |
| 营业利润率 | 11.9% | 8.3% |
| 净利率 | 7.9% | 4.7% |
| 营收同比 | 4.8% | -1.7% |
| 净利润同比 | -4.2% | 313.7% |
| 每股收益（稀释后） | $3.30 | $4.99 |
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HDMPC
| Q2 26 | $41.8B | — | ||
| Q4 25 | $41.4B | $32.6B | ||
| Q3 25 | $45.3B | $34.8B | ||
| Q2 25 | $39.9B | $33.8B | ||
| Q1 25 | $39.7B | $31.5B | ||
| Q4 24 | $40.2B | $33.1B | ||
| Q3 24 | $43.2B | $35.1B | ||
| Q2 24 | — | $37.9B |
净利润HDMPC
| Q2 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.0B | $-74.0M | ||
| Q4 24 | $3.6B | $371.0M | ||
| Q3 24 | $4.6B | $622.0M | ||
| Q2 24 | — | $1.5B |
毛利率HDMPC
| Q2 26 | 33.0% | — | ||
| Q4 25 | 33.4% | 11.4% | ||
| Q3 25 | 33.4% | 10.4% | ||
| Q2 25 | 33.8% | 11.2% | ||
| Q1 25 | 32.8% | 6.8% | ||
| Q4 24 | 33.4% | 7.8% | ||
| Q3 24 | 33.4% | 8.4% | ||
| Q2 24 | — | 10.5% |
营业利润率HDMPC
| Q2 26 | 11.9% | — | ||
| Q4 25 | 12.9% | 8.3% | ||
| Q3 25 | 14.5% | 7.8% | ||
| Q2 25 | 12.9% | 6.5% | ||
| Q1 25 | 11.3% | 2.2% | ||
| Q4 24 | 13.5% | 3.4% | ||
| Q3 24 | 15.1% | 3.8% | ||
| Q2 24 | — | 6.7% |
净利率HDMPC
| Q2 26 | 7.9% | — | ||
| Q4 25 | 8.7% | 4.7% | ||
| Q3 25 | 10.1% | 3.9% | ||
| Q2 25 | 8.6% | 3.6% | ||
| Q1 25 | 7.5% | -0.2% | ||
| Q4 24 | 9.1% | 1.1% | ||
| Q3 24 | 10.6% | 1.8% | ||
| Q2 24 | — | 4.0% |
每股收益（稀释后）HDMPC
| Q2 26 | $3.30 | — | ||
| Q4 25 | $3.62 | $4.99 | ||
| Q3 25 | $4.58 | $4.51 | ||
| Q2 25 | $3.45 | $3.96 | ||
| Q1 25 | $3.01 | $-0.24 | ||
| Q4 24 | $3.67 | $1.30 | ||
| Q3 24 | $4.60 | $1.87 | ||
| Q2 24 | — | $4.33 |
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 | $1.6B | $3.7B |
| 总债务越低越好 | $3.5B | $30.5B |
| 股东权益账面价值 | $13.9B | $17.3B |
| 总资产 | $107.9B | $84.0B |
| 负债/权益比越低杠杆越低 | 0.25× | 1.76× |
8季度趋势，按日历期对齐
现金及短期投资HDMPC
| Q2 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $3.7B | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.7B | $3.8B | ||
| Q4 24 | $1.5B | $3.2B | ||
| Q3 24 | $1.6B | $5.1B | ||
| Q2 24 | — | $8.5B |
总债务HDMPC
| Q2 26 | $3.5B | — | ||
| Q4 25 | $46.3B | $30.5B | ||
| Q3 25 | $45.9B | $31.2B | ||
| Q2 25 | $47.3B | $26.8B | ||
| Q1 25 | $48.5B | $26.8B | ||
| Q4 24 | $50.1B | $24.4B | ||
| Q3 24 | $51.9B | $24.1B | ||
| Q2 24 | — | $24.0B |
股东权益HDMPC
| Q2 26 | $13.9B | — | ||
| Q4 25 | $12.1B | $17.3B | ||
| Q3 25 | $10.7B | $17.1B | ||
| Q2 25 | $8.0B | $16.6B | ||
| Q1 25 | $6.6B | $16.4B | ||
| Q4 24 | $5.8B | $17.7B | ||
| Q3 24 | $4.4B | $18.9B | ||
| Q2 24 | — | $21.3B |
总资产HDMPC
| Q2 26 | $107.9B | — | ||
| Q4 25 | $106.3B | $84.0B | ||
| Q3 25 | $100.0B | $83.2B | ||
| Q2 25 | $99.2B | $78.5B | ||
| Q1 25 | $96.1B | $81.6B | ||
| Q4 24 | $97.3B | $78.9B | ||
| Q3 24 | $96.8B | $79.8B | ||
| Q2 24 | — | $85.2B |
负债/权益比HDMPC
| Q2 26 | 0.25× | — | ||
| Q4 25 | 3.82× | 1.76× | ||
| Q3 25 | 4.31× | 1.83× | ||
| Q2 25 | 5.95× | 1.61× | ||
| Q1 25 | 7.30× | 1.64× | ||
| Q4 24 | 8.65× | 1.38× | ||
| Q3 24 | 11.74× | 1.27× | ||
| Q2 24 | — | 1.13× |
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 | $6.0B | $3.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.9B |
| 自由现金流率自由现金流/营收 | — | 5.8% |
| 资本支出强度资本支出/营收 | 2.0% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.83× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流HDMPC
| Q2 26 | $6.0B | — | ||
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $4.6B | $2.6B | ||
| Q2 25 | $4.3B | $2.6B | ||
| Q1 25 | $4.7B | $-64.0M | ||
| Q4 24 | $4.2B | $2.2B | ||
| Q3 24 | $5.4B | $1.7B | ||
| Q2 24 | — | $3.2B |
自由现金流HDMPC
| Q2 26 | — | — | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.7B | $1.7B | ||
| Q2 25 | $3.5B | $1.9B | ||
| Q1 25 | $3.6B | $-727.0M | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $4.7B | $1.0B | ||
| Q2 24 | — | $2.8B |
自由现金流率HDMPC
| Q2 26 | — | — | ||
| Q4 25 | 7.5% | 5.8% | ||
| Q3 25 | 8.2% | 4.8% | ||
| Q2 25 | 8.8% | 5.8% | ||
| Q1 25 | 9.0% | -2.3% | ||
| Q4 24 | 8.5% | 4.2% | ||
| Q3 24 | 10.9% | 2.9% | ||
| Q2 24 | — | 7.3% |
资本支出强度HDMPC
| Q2 26 | 2.0% | — | ||
| Q4 25 | 2.2% | 3.6% | ||
| Q3 25 | 2.0% | 2.7% | ||
| Q2 25 | 2.0% | 2.1% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 2.0% | 2.4% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | — | 1.3% |
现金转化率HDMPC
| Q2 26 | 1.83× | — | ||
| Q4 25 | 1.11× | 2.00× | ||
| Q3 25 | 1.02× | 1.90× | ||
| Q2 25 | 1.26× | 2.17× | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.16× | 5.95× | ||
| Q3 24 | 1.19× | 2.71× | ||
| Q2 24 | — | 2.14× |
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
HD
暂无分部数据
MPC
| Refined Products | $28.6B | 88% |
| Midstream | $1.4B | 4% |
| Crude Oil | $1.2B | 4% |
| Renewable Diesel | $851.0M | 3% |
| Related Party | $536.0M | 2% |
| Services & Other | $466.0M | 1% |
