vs
Lowe's（LOW）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
Lowe's的季度营收约是摩根士丹利的1.2倍（$20.8B vs $17.9B），摩根士丹利净利率更高（24.6% vs 7.8%，领先16.8%）
Lowe's是美国知名家居建材零售企业，总部位于北卡罗来纳州穆尔斯维尔，主营家居改善类相关产品的线下零售业务。截至2022年10月，该公司及旗下关联业务在北美地区共运营2181家家居建材及五金门店，服务普通消费者及专业装修从业人员。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
LOW vs MS — 直观对比
营收规模更大
LOW
是对方的1.2倍
$17.9B
净利率更高
MS
高出16.8%
7.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $20.8B | $17.9B |
| 净利润 | $1.6B | $4.4B |
| 毛利率 | 34.2% | — |
| 营业利润率 | 11.9% | 32.2% |
| 净利率 | 7.8% | 24.6% |
| 营收同比 | 3.2% | — |
| 净利润同比 | -4.7% | — |
| 每股收益（稀释后） | $2.88 | $2.68 |
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LOWMS
| Q4 25 | $20.8B | $17.9B | ||
| Q3 25 | — | $18.2B | ||
| Q2 25 | $20.9B | $16.8B | ||
| Q1 25 | — | $17.7B | ||
| Q4 24 | $20.2B | — | ||
| Q3 24 | $23.6B | $15.4B | ||
| Q2 24 | $21.4B | $15.0B | ||
| Q1 24 | $18.6B | $15.1B |
净利润LOWMS
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $1.6B | $3.5B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $1.8B | $3.1B | ||
| Q1 24 | $1.0B | $3.4B |
毛利率LOWMS
| Q4 25 | 34.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 33.7% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 33.2% | — | ||
| Q1 24 | 32.4% | — |
营业利润率LOWMS
| Q4 25 | 11.9% | 32.2% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | 11.9% | 27.5% | ||
| Q1 25 | — | 31.3% | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 14.6% | 27.4% | ||
| Q2 24 | 12.4% | 27.1% | ||
| Q1 24 | 9.1% | 29.0% |
净利率LOWMS
| Q4 25 | 7.8% | 24.6% | ||
| Q3 25 | — | 25.3% | ||
| Q2 25 | 7.8% | 21.1% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 10.1% | 20.7% | ||
| Q2 24 | 8.2% | 20.5% | ||
| Q1 24 | 5.5% | 22.5% |
每股收益（稀释后）LOWMS
| Q4 25 | $2.88 | $2.68 | ||
| Q3 25 | — | $2.80 | ||
| Q2 25 | $2.92 | $2.13 | ||
| Q1 25 | — | $2.60 | ||
| Q4 24 | $2.99 | — | ||
| Q3 24 | $4.17 | $1.88 | ||
| Q2 24 | $3.06 | $1.82 | ||
| Q1 24 | $1.81 | $2.02 |
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 | $1.0B | $111.7B |
| 总债务越低越好 | $37.5B | $341.7B |
| 股东权益账面价值 | $-10.4B | $111.6B |
| 总资产 | $53.5B | $1420.3B |
| 负债/权益比越低杠杆越低 | — | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资LOWMS
| Q4 25 | $1.0B | $111.7B | ||
| Q3 25 | — | $103.7B | ||
| Q2 25 | $3.4B | $109.1B | ||
| Q1 25 | — | $90.7B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $4.7B | $91.1B | ||
| Q2 24 | $3.5B | $90.2B | ||
| Q1 24 | $1.2B | $102.3B |
总债务LOWMS
| Q4 25 | $37.5B | $341.7B | ||
| Q3 25 | — | $324.1B | ||
| Q2 25 | $30.5B | $320.1B | ||
| Q1 25 | — | $297.0B | ||
| Q4 24 | $32.9B | — | ||
| Q3 24 | $34.7B | $291.2B | ||
| Q2 24 | $34.6B | $269.9B | ||
| Q1 24 | $35.4B | $266.1B |
股东权益LOWMS
| Q4 25 | $-10.4B | $111.6B | ||
| Q3 25 | — | $110.0B | ||
| Q2 25 | $-13.3B | $108.2B | ||
| Q1 25 | — | $106.8B | ||
| Q4 24 | $-13.4B | — | ||
| Q3 24 | $-13.8B | $103.6B | ||
| Q2 24 | $-14.6B | $100.7B | ||
| Q1 24 | $-15.1B | $99.2B |
总资产LOWMS
| Q4 25 | $53.5B | $1420.3B | ||
| Q3 25 | — | $1364.8B | ||
| Q2 25 | $45.4B | $1353.9B | ||
| Q1 25 | — | $1300.3B | ||
| Q4 24 | $44.7B | — | ||
| Q3 24 | $44.9B | $1258.0B | ||
| Q2 24 | $45.4B | $1212.4B | ||
| Q1 24 | $41.8B | $1228.5B |
负债/权益比LOWMS
| Q4 25 | — | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× | ||
| Q1 24 | — | 2.68× |
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 | $687.0M | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $90.0M | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 0.43× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $6.4B | — |
8季度趋势，按日历期对齐
经营现金流LOWMS
| Q4 25 | $687.0M | $-2.4B | ||
| Q3 25 | — | $-3.3B | ||
| Q2 25 | $3.4B | $11.8B | ||
| Q1 25 | — | $-24.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $1.1B | $4.4B |
自由现金流LOWMS
| Q4 25 | $90.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $728.0M | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $488.0M | — |
自由现金流率LOWMS
| Q4 25 | 0.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 2.6% | — |
资本支出强度LOWMS
| Q4 25 | 2.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 3.3% | — |
现金转化率LOWMS
| Q4 25 | 0.43× | -0.55× | ||
| Q3 25 | — | -0.72× | ||
| Q2 25 | 2.06× | 3.34× | ||
| Q1 25 | — | -5.56× | ||
| Q4 24 | 0.77× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 2.43× | — | ||
| Q1 24 | 1.09× | 1.28× |
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
LOW
| Home Decor | $7.8B | 37% |
| Building Products | $6.9B | 33% |
| Hardlines | $5.1B | 25% |
| Services | $753.0M | 4% |
| Other | $384.0M | 2% |
MS
暂无分部数据
