vs
CarMax（KMX）与SiteOne Landscape Supply, Inc.（SITE）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是SiteOne Landscape Supply, Inc.的5.5倍（$5.8B vs $1.0B）。CarMax净利率更高（1.1% vs -0.9%，领先1.9%）。SiteOne Landscape Supply, Inc.同比增速更快（3.2% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $150.3M）。过去两年SiteOne Landscape Supply, Inc.的营收复合增速更高（7.5% vs 1.5%）
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。
SiteOne Landscape Supply是北美领先的园林景观用品批发分销商，主营灌溉配件、户外照明、硬质景观材料、苗木、园艺工具及相关配件，主要服务专业景观设计师、承包商、高尔夫球场运营方及市政维护团队，在美加拥有广泛的线下门店网络。
KMX vs SITE — 直观对比
营收规模更大
KMX
是对方的5.5倍
$1.0B
营收增速更快
SITE
高出10.1%
-6.9%
净利率更高
KMX
高出1.9%
-0.9%
自由现金流更多
KMX
多$963.0M
$150.3M
两年增速更快
SITE
近两年复合增速
1.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $1.0B |
| 净利润 | $62.2M | $-9.0M |
| 毛利率 | 10.2% | 34.1% |
| 营业利润率 | — | -0.5% |
| 净利率 | 1.1% | -0.9% |
| 营收同比 | -6.9% | 3.2% |
| 净利润同比 | -50.4% | 58.5% |
| 每股收益（稀释后） | $0.43 | $-0.19 |
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KMXSITE
| Q4 25 | $5.8B | $1.0B | ||
| Q3 25 | $6.6B | $1.3B | ||
| Q2 25 | $7.5B | $1.5B | ||
| Q1 25 | $6.0B | $939.4M | ||
| Q4 24 | $6.2B | $1.0B | ||
| Q3 24 | $7.0B | $1.2B | ||
| Q2 24 | $7.1B | $1.4B | ||
| Q1 24 | $5.6B | $904.8M |
净利润KMXSITE
| Q4 25 | $62.2M | $-9.0M | ||
| Q3 25 | $95.4M | $59.1M | ||
| Q2 25 | $210.4M | $129.0M | ||
| Q1 25 | $89.9M | $-27.3M | ||
| Q4 24 | $125.4M | $-21.7M | ||
| Q3 24 | $132.8M | $44.4M | ||
| Q2 24 | $152.4M | $120.2M | ||
| Q1 24 | $50.3M | $-19.3M |
毛利率KMXSITE
| Q4 25 | 10.2% | 34.1% | ||
| Q3 25 | 10.9% | 34.7% | ||
| Q2 25 | 11.8% | 36.4% | ||
| Q1 25 | 11.1% | 33.0% | ||
| Q4 24 | 10.9% | 33.3% | ||
| Q3 24 | 10.8% | 34.0% | ||
| Q2 24 | 11.1% | 36.1% | ||
| Q1 24 | 10.4% | 33.3% |
营业利润率KMXSITE
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | 2.0% | -3.1% | ||
| Q4 24 | 2.7% | -2.5% | ||
| Q3 24 | 2.5% | 5.8% | ||
| Q2 24 | 2.9% | 12.0% | ||
| Q1 24 | 1.2% | -2.5% |
净利率KMXSITE
| Q4 25 | 1.1% | -0.9% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 2.8% | 8.8% | ||
| Q1 25 | 1.5% | -2.9% | ||
| Q4 24 | 2.0% | -2.1% | ||
| Q3 24 | 1.9% | 3.7% | ||
| Q2 24 | 2.1% | 8.5% | ||
| Q1 24 | 0.9% | -2.1% |
每股收益（稀释后）KMXSITE
| Q4 25 | $0.43 | $-0.19 | ||
| Q3 25 | $0.64 | $1.31 | ||
| Q2 25 | $1.38 | $2.86 | ||
| Q1 25 | $0.58 | $-0.61 | ||
| Q4 24 | $0.81 | $-0.46 | ||
| Q3 24 | $0.85 | $0.97 | ||
| Q2 24 | $0.97 | $2.63 | ||
| Q1 24 | $0.31 | $-0.43 |
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 | $204.9M | $190.6M |
| 总债务越低越好 | $16.6B | $385.4M |
| 股东权益账面价值 | $6.1B | $1.7B |
| 总资产 | $25.6B | $3.2B |
| 负债/权益比越低杠杆越低 | 2.74× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资KMXSITE
| Q4 25 | $204.9M | $190.6M | ||
| Q3 25 | $540.4M | $106.9M | ||
| Q2 25 | $262.8M | $78.6M | ||
| Q1 25 | $247.0M | $56.6M | ||
| Q4 24 | $271.9M | $107.1M | ||
| Q3 24 | $524.7M | $85.5M | ||
| Q2 24 | $218.9M | $71.9M | ||
| Q1 24 | $574.1M | $41.5M |
总债务KMXSITE
| Q4 25 | $16.6B | $385.4M | ||
| Q3 25 | $17.8B | $388.4M | ||
| Q2 25 | $18.0B | $469.9M | ||
| Q1 25 | $18.1B | $503.0M | ||
| Q4 24 | $18.1B | $388.2M | ||
| Q3 24 | $18.1B | $410.6M | ||
| Q2 24 | $18.2B | $480.2M | ||
| Q1 24 | $18.0B | $448.0M |
股东权益KMXSITE
| Q4 25 | $6.1B | $1.7B | ||
| Q3 25 | $6.2B | $1.7B | ||
| Q2 25 | $6.3B | $1.6B | ||
| Q1 25 | $6.2B | $1.6B | ||
| Q4 24 | $6.2B | $1.6B | ||
| Q3 24 | $6.2B | $1.6B | ||
| Q2 24 | $6.2B | $1.6B | ||
| Q1 24 | $6.1B | $1.5B |
总资产KMXSITE
| Q4 25 | $25.6B | $3.2B | ||
| Q3 25 | $27.1B | $3.3B | ||
| Q2 25 | $27.4B | $3.3B | ||
| Q1 25 | $27.4B | $3.3B | ||
| Q4 24 | $27.3B | $3.1B | ||
| Q3 24 | $27.3B | $3.1B | ||
| Q2 24 | $27.2B | $3.2B | ||
| Q1 24 | $27.2B | $3.0B |
负债/权益比KMXSITE
| Q4 25 | 2.74× | 0.23× | ||
| Q3 25 | 2.87× | 0.23× | ||
| Q2 25 | 2.86× | 0.29× | ||
| Q1 25 | 2.91× | 0.32× | ||
| Q4 24 | 2.92× | 0.25× | ||
| Q3 24 | 2.93× | 0.25× | ||
| Q2 24 | 2.95× | 0.30× | ||
| Q1 24 | 2.96× | 0.30× |
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 | $1.3B | $164.8M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $150.3M |
| 自由现金流率自由现金流/营收 | 19.2% | 14.4% |
| 资本支出强度资本支出/营收 | 2.4% | 1.4% |
| 现金转化率经营现金流/净利润 | 20.14× | — |
| 过去12个月自由现金流最近4个季度 | $1.9B | $246.8M |
8季度趋势，按日历期对齐
经营现金流KMXSITE
| Q4 25 | $1.3B | $164.8M | ||
| Q3 25 | $785.5M | $128.6M | ||
| Q2 25 | $299.5M | $136.7M | ||
| Q1 25 | $146.4M | $-129.6M | ||
| Q4 24 | $-23.4M | $119.4M | ||
| Q3 24 | $619.1M | $115.9M | ||
| Q2 24 | $-117.7M | $147.4M | ||
| Q1 24 | $309.6M | $-99.3M |
自由现金流KMXSITE
| Q4 25 | $1.1B | $150.3M | ||
| Q3 25 | $654.0M | $118.5M | ||
| Q2 25 | $162.8M | $122.4M | ||
| Q1 25 | $18.8M | $-144.4M | ||
| Q4 24 | $-150.6M | $109.9M | ||
| Q3 24 | $509.9M | $105.9M | ||
| Q2 24 | $-221.6M | $135.3M | ||
| Q1 24 | $199.8M | $-108.2M |
自由现金流率KMXSITE
| Q4 25 | 19.2% | 14.4% | ||
| Q3 25 | 9.9% | 9.4% | ||
| Q2 25 | 2.2% | 8.4% | ||
| Q1 25 | 0.3% | -15.4% | ||
| Q4 24 | -2.4% | 10.8% | ||
| Q3 24 | 7.3% | 8.8% | ||
| Q2 24 | -3.1% | 9.6% | ||
| Q1 24 | 3.6% | -12.0% |
资本支出强度KMXSITE
| Q4 25 | 2.4% | 1.4% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 2.1% | 1.6% | ||
| Q4 24 | 2.0% | 0.9% | ||
| Q3 24 | 1.6% | 0.8% | ||
| Q2 24 | 1.5% | 0.9% | ||
| Q1 24 | 2.0% | 1.0% |
现金转化率KMXSITE
| Q4 25 | 20.14× | — | ||
| Q3 25 | 8.24× | 2.18× | ||
| Q2 25 | 1.42× | 1.06× | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | -0.19× | — | ||
| Q3 24 | 4.66× | 2.61× | ||
| Q2 24 | -0.77× | 1.23× | ||
| 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
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% |
SITE
| Landscaping Products | $798.4M | 76% |
| Agronomic | $247.2M | 24% |
