vs
Lowe's（LOW）与美光科技（MU）财务数据对比。点击上方公司名可切换其他公司
美光科技的季度营收约是Lowe's的1.1倍（$23.9B vs $20.8B），美光科技净利率更高（57.8% vs 7.8%，领先50.0%），美光科技同比增速更快（196.3% vs 3.2%），美光科技自由现金流更多（$5.5B vs $90.0M），过去两年美光科技的营收复合增速更高（87.2% vs -8.7%）
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。
美光科技是总部位于美国爱达荷州博伊西的半导体厂商，专注于计算机内存及数据存储产品的研发生产，核心产品涵盖动态随机存取存储器（DRAM）、闪存、固态硬盘（SSD）等，是全球知名的存储解决方案供应商，产品广泛应用于消费电子、数据中心等诸多领域。
LOW vs MU — 直观对比
营收规模更大
MU
是对方的1.1倍
$20.8B
营收增速更快
MU
高出193.1%
3.2%
净利率更高
MU
高出50.0%
7.8%
自由现金流更多
MU
多$5.4B
$90.0M
两年增速更快
MU
近两年复合增速
-8.7%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $20.8B | $23.9B |
| 净利润 | $1.6B | $13.8B |
| 毛利率 | 34.2% | 74.4% |
| 营业利润率 | 11.9% | 67.6% |
| 净利率 | 7.8% | 57.8% |
| 营收同比 | 3.2% | 196.3% |
| 净利润同比 | -4.7% | 770.8% |
| 每股收益（稀释后） | $2.88 | $12.07 |
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LOWMU
| Q1 26 | — | $23.9B | ||
| Q4 25 | $20.8B | $13.6B | ||
| Q3 25 | — | $11.3B | ||
| Q2 25 | $20.9B | $9.3B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | $20.2B | $8.7B | ||
| Q3 24 | $23.6B | $7.8B | ||
| Q2 24 | $21.4B | $6.8B |
净利润LOWMU
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.6B | $5.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $1.8B | $332.0M |
毛利率LOWMU
| Q1 26 | — | 74.4% | ||
| Q4 25 | 34.2% | 56.0% | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | 33.4% | 37.7% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | 33.7% | 38.4% | ||
| Q3 24 | 33.5% | 35.3% | ||
| Q2 24 | 33.2% | 26.9% |
营业利润率LOWMU
| Q1 26 | — | 67.6% | ||
| Q4 25 | 11.9% | 45.0% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | 11.9% | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | 12.6% | 25.0% | ||
| Q3 24 | 14.6% | — | ||
| Q2 24 | 12.4% | 10.6% |
净利率LOWMU
| Q1 26 | — | 57.8% | ||
| Q4 25 | 7.8% | 38.4% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | 7.8% | 20.3% | ||
| Q1 25 | — | 19.7% | ||
| Q4 24 | 8.4% | 21.5% | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 8.2% | 4.9% |
每股收益（稀释后）LOWMU
| Q1 26 | — | $12.07 | ||
| Q4 25 | $2.88 | $4.60 | ||
| Q3 25 | — | $2.83 | ||
| Q2 25 | $2.92 | $1.68 | ||
| Q1 25 | — | $1.41 | ||
| Q4 24 | $2.99 | $1.67 | ||
| Q3 24 | $4.17 | — | ||
| Q2 24 | $3.06 | $0.30 |
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 | $13.9B |
| 总债务越低越好 | $37.5B | $9.6B |
| 股东权益账面价值 | $-10.4B | $72.5B |
| 总资产 | $53.5B | $101.5B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资LOWMU
| Q1 26 | — | $13.9B | ||
| Q4 25 | $1.0B | $9.7B | ||
| Q3 25 | — | $9.6B | ||
| Q2 25 | $3.4B | $10.2B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $3.6B | $6.7B | ||
| Q3 24 | $4.7B | $7.0B | ||
| Q2 24 | $3.5B | $7.6B |
总债务LOWMU
| Q1 26 | — | $9.6B | ||
| Q4 25 | $37.5B | $11.2B | ||
| Q3 25 | — | $14.0B | ||
| Q2 25 | $30.5B | $15.0B | ||
| Q1 25 | — | $13.9B | ||
| Q4 24 | $32.9B | $13.3B | ||
| Q3 24 | $34.7B | $13.0B | ||
| Q2 24 | $34.6B | $12.9B |
股东权益LOWMU
| Q1 26 | — | $72.5B | ||
| Q4 25 | $-10.4B | $58.8B | ||
| Q3 25 | — | $54.2B | ||
| Q2 25 | $-13.3B | $50.7B | ||
| Q1 25 | — | $48.6B | ||
| Q4 24 | $-13.4B | $46.8B | ||
| Q3 24 | $-13.8B | $45.1B | ||
| Q2 24 | $-14.6B | $44.2B |
总资产LOWMU
| Q1 26 | — | $101.5B | ||
| Q4 25 | $53.5B | $86.0B | ||
| Q3 25 | — | $82.8B | ||
| Q2 25 | $45.4B | $78.4B | ||
| Q1 25 | — | $73.1B | ||
| Q4 24 | $44.7B | $71.5B | ||
| Q3 24 | $44.9B | $69.4B | ||
| Q2 24 | $45.4B | $66.3B |
负债/权益比LOWMU
| Q1 26 | — | 0.13× | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× |
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 | $11.9B |
| 自由现金流经营现金流 - 资本支出 | $90.0M | $5.5B |
| 自由现金流率自由现金流/营收 | 0.4% | 23.1% |
| 资本支出强度资本支出/营收 | 2.9% | 26.8% |
| 现金转化率经营现金流/净利润 | 0.43× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $6.4B | $11.9B |
8季度趋势，按日历期对齐
经营现金流LOWMU
| Q1 26 | — | $11.9B | ||
| Q4 25 | $687.0M | $8.4B | ||
| Q3 25 | — | $17.5B | ||
| Q2 25 | $3.4B | $4.6B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | $1.3B | $3.2B | ||
| Q3 24 | $3.2B | $8.5B | ||
| Q2 24 | $4.3B | $2.5B |
自由现金流LOWMU
| Q1 26 | — | $5.5B | ||
| Q4 25 | $90.0M | $3.0B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | — | $-113.0M | ||
| Q4 24 | $728.0M | $38.0M | ||
| Q3 24 | $2.7B | $121.0M | ||
| Q2 24 | $3.9B | $396.0M |
自由现金流率LOWMU
| Q1 26 | — | 23.1% | ||
| Q4 25 | 0.4% | 22.2% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | 13.7% | 18.0% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | 3.6% | 0.4% | ||
| Q3 24 | 11.6% | 1.6% | ||
| Q2 24 | 18.2% | 5.8% |
资本支出强度LOWMU
| Q1 26 | — | 26.8% | ||
| Q4 25 | 2.9% | 39.5% | ||
| Q3 25 | — | 140.1% | ||
| Q2 25 | 2.5% | 31.6% | ||
| Q1 25 | — | 50.4% | ||
| Q4 24 | 2.8% | 36.8% | ||
| Q3 24 | 1.8% | 108.2% | ||
| Q2 24 | 1.8% | 30.6% |
现金转化率LOWMU
| Q1 26 | — | 0.86× | ||
| Q4 25 | 0.43× | 1.61× | ||
| Q3 25 | — | 5.47× | ||
| Q2 25 | 2.06× | 2.45× | ||
| Q1 25 | — | 2.49× | ||
| Q4 24 | 0.77× | 1.73× | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 2.43× | 7.48× |
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% |
MU
| CMBU | $7.7B | 32% |
| MCBU | $7.7B | 32% |
| CDBU | $5.7B | 24% |
| AEBU | $2.7B | 11% |
| Other Product Sales | $95.0M | 0% |
