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摩丁制造（MOD）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是摩丁制造的1.2倍（$965.7M vs $805.0M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -5.9%，领先11.3%），摩丁制造同比增速更快（30.5% vs 4.0%），MSC INDUSTRIAL DIRECT CO INC自由现金流更多（$7.4M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.4%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
MOD vs MSM — 直观对比
营收规模更大
MSM
是对方的1.2倍
$805.0M
营收增速更快
MOD
高出26.5%
4.0%
净利率更高
MSM
高出11.3%
-5.9%
自由现金流更多
MSM
多$24.5M
$-17.1M
两年增速更快
MOD
近两年复合增速
-3.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $965.7M |
| 净利润 | $-47.4M | $51.8M |
| 毛利率 | 23.1% | 40.7% |
| 营业利润率 | 11.1% | 7.9% |
| 净利率 | -5.9% | 5.4% |
| 营收同比 | 30.5% | 4.0% |
| 净利润同比 | -215.6% | 11.1% |
| 每股收益（稀释后） | $-0.90 | $0.93 |
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MODMSM
| Q4 25 | $805.0M | $965.7M | ||
| Q3 25 | $738.9M | $978.2M | ||
| Q2 25 | $682.8M | $971.1M | ||
| Q1 25 | $647.2M | — | ||
| Q4 24 | $616.8M | $928.5M | ||
| Q3 24 | $658.0M | — | ||
| Q2 24 | $661.5M | $979.4M | ||
| Q1 24 | $603.5M | $935.3M |
净利润MODMSM
| Q4 25 | $-47.4M | $51.8M | ||
| Q3 25 | $44.4M | $56.5M | ||
| Q2 25 | $51.2M | $56.8M | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $41.0M | $46.6M | ||
| Q3 24 | $46.1M | — | ||
| Q2 24 | $47.3M | $71.7M | ||
| Q1 24 | $25.8M | $61.8M |
毛利率MODMSM
| Q4 25 | 23.1% | 40.7% | ||
| Q3 25 | 22.3% | 40.4% | ||
| Q2 25 | 24.2% | 41.0% | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | 40.7% | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | 40.9% | ||
| Q1 24 | 22.4% | 41.5% |
营业利润率MODMSM
| Q4 25 | 11.1% | 7.9% | ||
| Q3 25 | 9.9% | 8.6% | ||
| Q2 25 | 11.1% | 8.5% | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 9.6% | 7.8% | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 11.2% | 10.9% | ||
| Q1 24 | 7.8% | 9.7% |
净利率MODMSM
| Q4 25 | -5.9% | 5.4% | ||
| Q3 25 | 6.0% | 5.8% | ||
| Q2 25 | 7.5% | 5.9% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 6.6% | 5.0% | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 7.2% | 7.3% | ||
| Q1 24 | 4.3% | 6.6% |
每股收益（稀释后）MODMSM
| Q4 25 | $-0.90 | $0.93 | ||
| Q3 25 | $0.83 | $1.02 | ||
| Q2 25 | $0.95 | $1.02 | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $0.76 | $0.83 | ||
| Q3 24 | $0.86 | — | ||
| Q2 24 | $0.88 | $1.27 | ||
| Q1 24 | $0.48 | $1.10 |
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 | $98.7M | $40.3M |
| 总债务越低越好 | $570.7M | $214.1M |
| 股东权益账面价值 | $1.1B | $1.4B |
| 总资产 | $2.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资MODMSM
| Q4 25 | $98.7M | $40.3M | ||
| Q3 25 | $83.8M | $56.2M | ||
| Q2 25 | $124.5M | $71.7M | ||
| Q1 25 | $71.6M | — | ||
| Q4 24 | $83.8M | $57.3M | ||
| Q3 24 | $78.6M | — | ||
| Q2 24 | $72.9M | $25.9M | ||
| Q1 24 | $60.1M | $22.2M |
总债务MODMSM
| Q4 25 | $570.7M | $214.1M | ||
| Q3 25 | $525.8M | $168.8M | ||
| Q2 25 | $482.1M | $285.0M | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | $289.9M | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | $299.8M | ||
| Q1 24 | $399.9M | $294.5M |
股东权益MODMSM
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $910.2M | — | ||
| Q4 24 | $855.1M | $1.4B | ||
| Q3 24 | $858.8M | — | ||
| Q2 24 | $788.4M | $1.4B | ||
| Q1 24 | $747.6M | $1.4B |
总资产MODMSM
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $2.4B | $2.5B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | $2.5B | ||
| Q1 24 | $1.9B | $2.5B |
负债/权益比MODMSM
| Q4 25 | 0.51× | 0.16× | ||
| Q3 25 | 0.50× | 0.12× | ||
| Q2 25 | 0.48× | 0.21× | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | 0.21× | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | 0.21× | ||
| Q1 24 | 0.53× | 0.21× |
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 | $24.7M | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $7.4M |
| 自由现金流率自由现金流/营收 | -2.1% | 0.8% |
| 资本支出强度资本支出/营收 | 5.2% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODMSM
| Q4 25 | $24.7M | $29.4M | ||
| Q3 25 | $1.4M | — | ||
| Q2 25 | $27.7M | $151.6M | ||
| Q1 25 | $54.8M | — | ||
| Q4 24 | $60.7M | $101.9M | ||
| Q3 24 | $57.3M | — | ||
| Q2 24 | $40.5M | $143.5M | ||
| Q1 24 | $39.6M | $78.7M |
自由现金流MODMSM
| Q4 25 | $-17.1M | $7.4M | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | $100.7M | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | $81.7M | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | $114.0M | ||
| Q1 24 | $-4.3M | $53.4M |
自由现金流率MODMSM
| Q4 25 | -2.1% | 0.8% | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | 10.4% | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | 8.8% | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | 11.6% | ||
| Q1 24 | -0.7% | 5.7% |
资本支出强度MODMSM
| Q4 25 | 5.2% | 2.3% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | 5.2% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | 3.0% | ||
| Q1 24 | 7.3% | 2.7% |
现金转化率MODMSM
| Q4 25 | — | 0.57× | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | 2.67× | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 2.18× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | 2.00× | ||
| Q1 24 | 1.53× | 1.27× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
MSM
暂无分部数据
