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MSA Safety Inc（MSA）与全食超市（SMPL）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是全食超市的1.5倍（$510.9M vs $340.2M），MSA Safety Inc净利率更高（17.0% vs 7.4%，领先9.6%），MSA Safety Inc同比增速更快（2.2% vs -0.3%），MSA Safety Inc自由现金流更多（$106.0M vs $48.0M），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 3.0%）
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。
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
MSA vs SMPL — 直观对比
营收规模更大
MSA
是对方的1.5倍
$340.2M
营收增速更快
MSA
高出2.6%
-0.3%
净利率更高
MSA
高出9.6%
7.4%
自由现金流更多
MSA
多$58.0M
$48.0M
两年增速更快
MSA
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $510.9M | $340.2M |
| 净利润 | $86.9M | $25.3M |
| 毛利率 | 46.9% | 32.3% |
| 营业利润率 | 22.3% | 11.0% |
| 净利率 | 17.0% | 7.4% |
| 营收同比 | 2.2% | -0.3% |
| 净利润同比 | -1.2% | -33.7% |
| 每股收益（稀释后） | $2.22 | $0.26 |
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MSASMPL
| Q4 25 | $510.9M | $340.2M | ||
| Q3 25 | $468.4M | — | ||
| Q2 25 | $474.1M | $381.0M | ||
| Q1 25 | $421.3M | — | ||
| Q4 24 | $499.7M | $341.3M | ||
| Q3 24 | $432.7M | $375.7M | ||
| Q2 24 | $462.5M | $334.8M | ||
| Q1 24 | $413.3M | $312.2M |
净利润MSASMPL
| Q4 25 | $86.9M | $25.3M | ||
| Q3 25 | $69.6M | — | ||
| Q2 25 | $62.8M | $41.1M | ||
| Q1 25 | $59.6M | — | ||
| Q4 24 | $87.9M | $38.1M | ||
| Q3 24 | $66.6M | $29.3M | ||
| Q2 24 | $72.2M | $41.3M | ||
| Q1 24 | $58.1M | $33.1M |
毛利率MSASMPL
| Q4 25 | 46.9% | 32.3% | ||
| Q3 25 | 46.5% | — | ||
| Q2 25 | 46.6% | 36.4% | ||
| Q1 25 | 45.9% | — | ||
| Q4 24 | 46.9% | 38.2% | ||
| Q3 24 | 47.9% | 38.8% | ||
| Q2 24 | 48.2% | 39.9% | ||
| Q1 24 | 47.3% | 37.4% |
营业利润率MSASMPL
| Q4 25 | 22.3% | 11.0% | ||
| Q3 25 | 20.1% | — | ||
| Q2 25 | 18.1% | 15.6% | ||
| Q1 25 | 18.5% | — | ||
| Q4 24 | 23.5% | 16.0% | ||
| Q3 24 | 21.1% | 12.7% | ||
| Q2 24 | 21.6% | 17.6% | ||
| Q1 24 | 19.4% | 15.4% |
净利率MSASMPL
| Q4 25 | 17.0% | 7.4% | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 13.2% | 10.8% | ||
| Q1 25 | 14.1% | — | ||
| Q4 24 | 17.6% | 11.2% | ||
| Q3 24 | 15.4% | 7.8% | ||
| Q2 24 | 15.6% | 12.3% | ||
| Q1 24 | 14.1% | 10.6% |
每股收益（稀释后）MSASMPL
| Q4 25 | $2.22 | $0.26 | ||
| Q3 25 | $1.77 | — | ||
| Q2 25 | $1.59 | $0.40 | ||
| Q1 25 | $1.51 | — | ||
| Q4 24 | $2.22 | $0.38 | ||
| Q3 24 | $1.69 | $0.29 | ||
| Q2 24 | $1.83 | $0.41 | ||
| Q1 24 | $1.47 | $0.33 |
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 | $194.1M |
| 总债务越低越好 | $580.9M | — |
| 股东权益账面价值 | $1.4B | $1.7B |
| 总资产 | $2.6B | $2.5B |
| 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MSASMPL
| Q4 25 | $165.1M | $194.1M | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $147.0M | $98.0M | ||
| Q1 25 | $170.6M | — | ||
| Q4 24 | $164.6M | $121.8M | ||
| Q3 24 | $154.4M | $132.5M | ||
| Q2 24 | $146.8M | $208.7M | ||
| Q1 24 | $148.3M | $135.9M |
总债务MSASMPL
| Q4 25 | $580.9M | — | ||
| Q3 25 | $628.6M | — | ||
| Q2 25 | $679.3M | — | ||
| Q1 25 | $502.1M | — | ||
| Q4 24 | $508.0M | — | ||
| Q3 24 | $554.7M | $397.5M | ||
| Q2 24 | $588.2M | $237.7M | ||
| Q1 24 | $596.2M | $237.7M |
股东权益MSASMPL
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $994.8M | $1.6B |
总资产MSASMPL
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $2.2B | $2.4B | ||
| Q2 24 | $2.2B | $2.2B | ||
| Q1 24 | $2.2B | $2.1B |
负债/权益比MSASMPL
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.51× | 0.23× | ||
| Q2 24 | 0.57× | 0.14× | ||
| Q1 24 | 0.60× | 0.14× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $106.0M | $48.0M |
| 自由现金流率自由现金流/营收 | 20.8% | 14.1% |
| 资本支出强度资本支出/营收 | 3.2% | 0.6% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $295.4M | $223.6M |
8季度趋势，按日历期对齐
经营现金流MSASMPL
| Q4 25 | $122.4M | $50.1M | ||
| Q3 25 | $112.5M | — | ||
| Q2 25 | $67.2M | $101.1M | ||
| Q1 25 | $61.8M | — | ||
| Q4 24 | $107.9M | $32.0M | ||
| Q3 24 | $84.3M | $48.9M | ||
| Q2 24 | $53.3M | $72.8M | ||
| Q1 24 | $50.9M | $46.5M |
自由现金流MSASMPL
| Q4 25 | $106.0M | $48.0M | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $37.9M | $98.9M | ||
| Q1 25 | $51.0M | — | ||
| Q4 24 | $93.5M | $31.7M | ||
| Q3 24 | $70.1M | $45.0M | ||
| Q2 24 | $39.0M | $72.0M | ||
| Q1 24 | $39.7M | $46.1M |
自由现金流率MSASMPL
| Q4 25 | 20.8% | 14.1% | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 8.0% | 25.9% | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 18.7% | 9.3% | ||
| Q3 24 | 16.2% | 12.0% | ||
| Q2 24 | 8.4% | 21.5% | ||
| Q1 24 | 9.6% | 14.8% |
资本支出强度MSASMPL
| Q4 25 | 3.2% | 0.6% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 6.2% | 0.6% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.9% | 0.1% | ||
| Q3 24 | 3.3% | 1.0% | ||
| Q2 24 | 3.1% | 0.2% | ||
| Q1 24 | 2.7% | 0.1% |
现金转化率MSASMPL
| Q4 25 | 1.41× | 1.98× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.07× | 2.46× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.23× | 0.84× | ||
| Q3 24 | 1.27× | 1.67× | ||
| Q2 24 | 0.74× | 1.76× | ||
| Q1 24 | 0.88× | 1.40× |
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% |
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
