vs
MONRO, INC.（MNRO）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是MONRO, INC.的2.0倍（$586.5M vs $293.4M），MONRO, INC.净利率更高（3.8% vs -21.0%，领先24.8%），罗塞塔石碑同比增速更快（73.0% vs -4.0%），罗塞塔石碑自由现金流更多（$26.7M vs $9.1M），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs -2.7%）
蒙罗公司（Monro, Inc.）是一家汽车服务企业，创始并总部设在美国纽约州罗切斯特。截至2025年，蒙罗共拥有1260家门店，按门店数量与营收计算，是北美仅次于Driven Brands的第二大汽车服务企业。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
MNRO vs STEP — 直观对比
营收规模更大
STEP
是对方的2.0倍
$293.4M
营收增速更快
STEP
高出77.0%
-4.0%
净利率更高
MNRO
高出24.8%
-21.0%
自由现金流更多
STEP
多$17.6M
$9.1M
两年增速更快
STEP
近两年复合增速
-2.7%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $293.4M | $586.5M |
| 净利润 | $11.1M | $-123.5M |
| 毛利率 | 34.9% | — |
| 营业利润率 | 6.3% | -33.2% |
| 净利率 | 3.8% | -21.0% |
| 营收同比 | -4.0% | 73.0% |
| 净利润同比 | 143.1% | 35.7% |
| 每股收益（稀释后） | $0.35 | $-1.55 |
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MNROSTEP
| Q4 25 | $293.4M | $586.5M | ||
| Q3 25 | $288.9M | $454.2M | ||
| Q2 25 | $301.0M | $364.3M | ||
| Q1 25 | $295.0M | $377.7M | ||
| Q4 24 | $305.8M | $339.0M | ||
| Q3 24 | $301.4M | $271.7M | ||
| Q2 24 | $293.2M | $186.4M | ||
| Q1 24 | $310.1M | $356.8M |
净利润MNROSTEP
| Q4 25 | $11.1M | $-123.5M | ||
| Q3 25 | $5.7M | $-366.1M | ||
| Q2 25 | $-8.1M | $-38.4M | ||
| Q1 25 | $-21.3M | $-18.5M | ||
| Q4 24 | $4.6M | $-192.0M | ||
| Q3 24 | $5.6M | $17.6M | ||
| Q2 24 | $5.9M | $13.3M | ||
| Q1 24 | $3.7M | $30.8M |
毛利率MNROSTEP
| Q4 25 | 34.9% | — | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 35.5% | — | ||
| Q1 25 | 33.0% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 37.2% | — | ||
| Q1 24 | 35.5% | — |
营业利润率MNROSTEP
| Q4 25 | 6.3% | -33.2% | ||
| Q3 25 | 4.4% | -148.8% | ||
| Q2 25 | -2.0% | -5.6% | ||
| Q1 25 | -8.1% | 2.6% | ||
| Q4 24 | 3.3% | -101.7% | ||
| Q3 24 | 4.4% | 21.3% | ||
| Q2 24 | 4.5% | 29.4% | ||
| Q1 24 | 3.3% | 26.5% |
净利率MNROSTEP
| Q4 25 | 3.8% | -21.0% | ||
| Q3 25 | 2.0% | -80.6% | ||
| Q2 25 | -2.7% | -10.5% | ||
| Q1 25 | -7.2% | -4.9% | ||
| Q4 24 | 1.5% | -56.6% | ||
| Q3 24 | 1.9% | 6.5% | ||
| Q2 24 | 2.0% | 7.2% | ||
| Q1 24 | 1.2% | 8.6% |
每股收益（稀释后）MNROSTEP
| Q4 25 | $0.35 | $-1.55 | ||
| Q3 25 | $0.18 | $-4.66 | ||
| Q2 25 | $-0.28 | $-0.49 | ||
| Q1 25 | $-0.74 | $-0.37 | ||
| Q4 24 | $0.15 | $-2.61 | ||
| Q3 24 | $0.18 | $0.26 | ||
| Q2 24 | $0.19 | $0.20 | ||
| Q1 24 | $0.12 | $0.47 |
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 | $4.9M | — |
| 总债务越低越好 | $45.0M | $270.2M |
| 股东权益账面价值 | $604.9M | $-378.8M |
| 总资产 | $1.6B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MNROSTEP
| Q4 25 | $4.9M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $20.8M | — | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $20.9M | — | ||
| Q2 24 | $18.7M | — | ||
| Q1 24 | $6.6M | — |
总债务MNROSTEP
| Q4 25 | $45.0M | $270.2M | ||
| Q3 25 | $60.0M | $269.9M | ||
| Q2 25 | $71.5M | $269.6M | ||
| Q1 25 | $61.3M | $269.3M | ||
| Q4 24 | $59.3M | $168.9M | ||
| Q3 24 | $62.0M | $172.3M | ||
| Q2 24 | $112.0M | $172.1M | ||
| Q1 24 | $102.0M | $148.8M |
股东权益MNROSTEP
| Q4 25 | $604.9M | $-378.8M | ||
| Q3 25 | $601.7M | $-233.5M | ||
| Q2 25 | $604.9M | $153.9M | ||
| Q1 25 | $620.8M | $179.4M | ||
| Q4 24 | $648.9M | $209.8M | ||
| Q3 24 | $651.9M | $397.5M | ||
| Q2 24 | $654.4M | $366.9M | ||
| Q1 24 | $656.8M | $324.5M |
总资产MNROSTEP
| Q4 25 | $1.6B | $5.2B | ||
| Q3 25 | $1.6B | $5.3B | ||
| Q2 25 | $1.6B | $4.8B | ||
| Q1 25 | $1.6B | $4.6B | ||
| Q4 24 | $1.7B | $4.3B | ||
| Q3 24 | $1.7B | $4.0B | ||
| Q2 24 | $1.7B | $3.8B | ||
| Q1 24 | $1.7B | $3.8B |
负债/权益比MNROSTEP
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.12× | 1.75× | ||
| Q1 25 | 0.10× | 1.50× | ||
| Q4 24 | 0.09× | 0.81× | ||
| Q3 24 | 0.10× | 0.43× | ||
| Q2 24 | 0.17× | 0.47× | ||
| Q1 24 | 0.16× | 0.46× |
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 | $17.8M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $9.1M | $26.7M |
| 自由现金流率自由现金流/营收 | 3.1% | 4.6% |
| 资本支出强度资本支出/营收 | 3.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.60× | — |
| 过去12个月自由现金流最近4个季度 | $49.6M | $18.6M |
8季度趋势，按日历期对齐
经营现金流MNROSTEP
| Q4 25 | $17.8M | $27.2M | ||
| Q3 25 | $32.3M | $16.2M | ||
| Q2 25 | $-1.9M | $46.3M | ||
| Q1 25 | $28.9M | $-66.5M | ||
| Q4 24 | $14.8M | $27.6M | ||
| Q3 24 | $62.6M | $53.7M | ||
| Q2 24 | $25.6M | $50.2M | ||
| Q1 24 | $-5.3M | $7.6M |
自由现金流MNROSTEP
| Q4 25 | $9.1M | $26.7M | ||
| Q3 25 | $26.6M | $15.9M | ||
| Q2 25 | $-9.3M | $45.2M | ||
| Q1 25 | $23.2M | $-69.2M | ||
| Q4 24 | $7.9M | $27.0M | ||
| Q3 24 | $57.6M | $52.4M | ||
| Q2 24 | $16.8M | $49.6M | ||
| Q1 24 | $-11.9M | $6.7M |
自由现金流率MNROSTEP
| Q4 25 | 3.1% | 4.6% | ||
| Q3 25 | 9.2% | 3.5% | ||
| Q2 25 | -3.1% | 12.4% | ||
| Q1 25 | 7.9% | -18.3% | ||
| Q4 24 | 2.6% | 8.0% | ||
| Q3 24 | 19.1% | 19.3% | ||
| Q2 24 | 5.7% | 26.6% | ||
| Q1 24 | -3.8% | 1.9% |
资本支出强度MNROSTEP
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 1.9% | 0.7% | ||
| Q4 24 | 2.2% | 0.2% | ||
| Q3 24 | 1.6% | 0.5% | ||
| Q2 24 | 3.0% | 0.3% | ||
| Q1 24 | 2.1% | 0.3% |
现金转化率MNROSTEP
| Q4 25 | 1.60× | — | ||
| Q3 25 | 5.71× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.23× | — | ||
| Q3 24 | 11.08× | 3.05× | ||
| Q2 24 | 4.37× | 3.76× | ||
| Q1 24 | -1.42× | 0.25× |
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
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
