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MSA Safety Inc（MSA）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Stitch Fix, Inc.的1.5倍（$510.9M vs $342.1M），MSA Safety Inc净利率更高（17.0% vs -1.9%，领先18.9%），Stitch Fix, Inc.同比增速更快（7.3% vs 2.2%），MSA Safety Inc自由现金流更多（$106.0M vs $5.6M），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 1.8%）
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
MSA vs SFIX — 直观对比
营收规模更大
MSA
是对方的1.5倍
$342.1M
营收增速更快
SFIX
高出5.1%
2.2%
净利率更高
MSA
高出18.9%
-1.9%
自由现金流更多
MSA
多$100.4M
$5.6M
两年增速更快
MSA
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $510.9M | $342.1M |
| 净利润 | $86.9M | $-6.4M |
| 毛利率 | 46.9% | 43.6% |
| 营业利润率 | 22.3% | -2.5% |
| 净利率 | 17.0% | -1.9% |
| 营收同比 | 2.2% | 7.3% |
| 净利润同比 | -1.2% | -1.7% |
| 每股收益（稀释后） | $2.22 | $-0.05 |
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MSASFIX
| Q4 25 | $510.9M | $342.1M | ||
| Q3 25 | $468.4M | $311.2M | ||
| Q2 25 | $474.1M | $325.0M | ||
| Q1 25 | $421.3M | $312.1M | ||
| Q4 24 | $499.7M | $318.8M | ||
| Q3 24 | $432.7M | $319.6M | ||
| Q2 24 | $462.5M | $322.7M | ||
| Q1 24 | $413.3M | $330.4M |
净利润MSASFIX
| Q4 25 | $86.9M | $-6.4M | ||
| Q3 25 | $69.6M | $-8.6M | ||
| Q2 25 | $62.8M | $-7.4M | ||
| Q1 25 | $59.6M | $-6.5M | ||
| Q4 24 | $87.9M | $-6.3M | ||
| Q3 24 | $66.6M | $-36.5M | ||
| Q2 24 | $72.2M | $-21.3M | ||
| Q1 24 | $58.1M | $-35.5M |
毛利率MSASFIX
| Q4 25 | 46.9% | 43.6% | ||
| Q3 25 | 46.5% | 43.6% | ||
| Q2 25 | 46.6% | 44.2% | ||
| Q1 25 | 45.9% | 44.5% | ||
| Q4 24 | 46.9% | 45.4% | ||
| Q3 24 | 47.9% | 44.6% | ||
| Q2 24 | 48.2% | 45.5% | ||
| Q1 24 | 47.3% | 43.4% |
营业利润率MSASFIX
| Q4 25 | 22.3% | -2.5% | ||
| Q3 25 | 20.1% | -3.6% | ||
| Q2 25 | 18.1% | -3.0% | ||
| Q1 25 | 18.5% | -2.9% | ||
| Q4 24 | 23.5% | -2.8% | ||
| Q3 24 | 21.1% | -13.1% | ||
| Q2 24 | 21.6% | -7.7% | ||
| Q1 24 | 19.4% | -11.5% |
净利率MSASFIX
| Q4 25 | 17.0% | -1.9% | ||
| Q3 25 | 14.9% | -2.8% | ||
| Q2 25 | 13.2% | -2.3% | ||
| Q1 25 | 14.1% | -2.1% | ||
| Q4 24 | 17.6% | -2.0% | ||
| Q3 24 | 15.4% | -11.4% | ||
| Q2 24 | 15.6% | -6.6% | ||
| Q1 24 | 14.1% | -10.8% |
每股收益（稀释后）MSASFIX
| Q4 25 | $2.22 | $-0.05 | ||
| Q3 25 | $1.77 | $-0.06 | ||
| Q2 25 | $1.59 | $-0.06 | ||
| Q1 25 | $1.51 | $-0.05 | ||
| Q4 24 | $2.22 | $-0.05 | ||
| Q3 24 | $1.69 | $-0.29 | ||
| Q2 24 | $1.83 | $-0.18 | ||
| Q1 24 | $1.47 | $-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 | $165.1M | $244.2M |
| 总债务越低越好 | $580.9M | — |
| 股东权益账面价值 | $1.4B | $204.1M |
| 总资产 | $2.6B | $530.7M |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资MSASFIX
| Q4 25 | $165.1M | $244.2M | ||
| Q3 25 | $170.0M | $234.9M | ||
| Q2 25 | $147.0M | $234.2M | ||
| Q1 25 | $170.6M | $219.1M | ||
| Q4 24 | $164.6M | $253.3M | ||
| Q3 24 | $154.4M | $247.0M | ||
| Q2 24 | $146.8M | $244.5M | ||
| Q1 24 | $148.3M | $229.8M |
总债务MSASFIX
| Q4 25 | $580.9M | — | ||
| Q3 25 | $628.6M | — | ||
| Q2 25 | $679.3M | — | ||
| Q1 25 | $502.1M | — | ||
| Q4 24 | $508.0M | — | ||
| Q3 24 | $554.7M | — | ||
| Q2 24 | $588.2M | — | ||
| Q1 24 | $596.2M | — |
股东权益MSASFIX
| Q4 25 | $1.4B | $204.1M | ||
| Q3 25 | $1.3B | $203.0M | ||
| Q2 25 | $1.3B | $200.4M | ||
| Q1 25 | $1.2B | $197.8M | ||
| Q4 24 | $1.1B | $190.5M | ||
| Q3 24 | $1.1B | $187.0M | ||
| Q2 24 | $1.0B | $208.9M | ||
| Q1 24 | $994.8M | $213.3M |
总资产MSASFIX
| Q4 25 | $2.6B | $530.7M | ||
| Q3 25 | $2.6B | $480.6M | ||
| Q2 25 | $2.6B | $484.7M | ||
| Q1 25 | $2.2B | $472.6M | ||
| Q4 24 | $2.2B | $507.1M | ||
| Q3 24 | $2.2B | $486.9M | ||
| Q2 24 | $2.2B | $537.0M | ||
| Q1 24 | $2.2B | $538.3M |
负债/权益比MSASFIX
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.60× | — |
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 | $122.4M | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $106.0M | $5.6M |
| 自由现金流率自由现金流/营收 | 20.8% | 1.6% |
| 资本支出强度资本支出/营收 | 3.2% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $295.4M | $4.9M |
8季度趋势，按日历期对齐
经营现金流MSASFIX
| Q4 25 | $122.4M | $10.9M | ||
| Q3 25 | $112.5M | $7.0M | ||
| Q2 25 | $67.2M | $20.5M | ||
| Q1 25 | $61.8M | $-16.2M | ||
| Q4 24 | $107.9M | $14.3M | ||
| Q3 24 | $84.3M | $8.2M | ||
| Q2 24 | $53.3M | $21.7M | ||
| Q1 24 | $50.9M | $-22.3M |
自由现金流MSASFIX
| Q4 25 | $106.0M | $5.6M | ||
| Q3 25 | $100.5M | $2.8M | ||
| Q2 25 | $37.9M | $16.0M | ||
| Q1 25 | $51.0M | $-19.4M | ||
| Q4 24 | $93.5M | $9.9M | ||
| Q3 24 | $70.1M | $4.5M | ||
| Q2 24 | $39.0M | $18.9M | ||
| Q1 24 | $39.7M | $-26.1M |
自由现金流率MSASFIX
| Q4 25 | 20.8% | 1.6% | ||
| Q3 25 | 21.4% | 0.9% | ||
| Q2 25 | 8.0% | 4.9% | ||
| Q1 25 | 12.1% | -6.2% | ||
| Q4 24 | 18.7% | 3.1% | ||
| Q3 24 | 16.2% | 1.4% | ||
| Q2 24 | 8.4% | 5.9% | ||
| Q1 24 | 9.6% | -7.9% |
资本支出强度MSASFIX
| Q4 25 | 3.2% | 1.6% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 6.2% | 1.4% | ||
| Q1 25 | 2.6% | 1.0% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 3.3% | 1.2% | ||
| Q2 24 | 3.1% | 0.9% | ||
| Q1 24 | 2.7% | 1.1% |
现金转化率MSASFIX
| Q4 25 | 1.41× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 0.74× | — | ||
| Q1 24 | 0.88× | — |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
SFIX
暂无分部数据
