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MSC INDUSTRIAL DIRECT CO INC（MSM）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是MSC INDUSTRIAL DIRECT CO INC的1.4倍（$1.4B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs 4.4%，领先1.0%），PACS Group, Inc.同比增速更快（18.4% vs 4.0%），过去两年PACS Group, Inc.的营收复合增速更高（20.5% vs -3.4%）
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。
MSM vs PACS — 直观对比
营收规模更大
PACS
是对方的1.4倍
$965.7M
营收增速更快
PACS
高出14.4%
4.0%
净利率更高
MSM
高出1.0%
4.4%
两年增速更快
PACS
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.4B |
| 净利润 | $51.8M | $59.7M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | 7.0% |
| 净利率 | 5.4% | 4.4% |
| 营收同比 | 4.0% | 18.4% |
| 净利润同比 | 11.1% | 3022.5% |
| 每股收益（稀释后） | $0.93 | $0.42 |
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MSMPACS
| Q4 25 | $965.7M | $1.4B | ||
| Q3 25 | $978.2M | $1.3B | ||
| Q2 25 | $971.1M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $928.5M | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $979.4M | $981.4M | ||
| Q1 24 | $935.3M | $934.3M |
净利润MSMPACS
| Q4 25 | $51.8M | $59.7M | ||
| Q3 25 | $56.5M | $52.4M | ||
| Q2 25 | $56.8M | $51.0M | ||
| Q1 25 | — | $28.5M | ||
| Q4 24 | $46.6M | $1.9M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | $71.7M | $-10.9M | ||
| Q1 24 | $61.8M | $49.1M |
毛利率MSMPACS
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | 40.9% | 22.3% | ||
| Q1 24 | 41.5% | 21.2% |
营业利润率MSMPACS
| Q4 25 | 7.9% | 7.0% | ||
| Q3 25 | 8.6% | 6.4% | ||
| Q2 25 | 8.5% | 6.2% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | 7.8% | 1.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | 10.9% | 0.1% | ||
| Q1 24 | 9.7% | 8.6% |
净利率MSMPACS
| Q4 25 | 5.4% | 4.4% | ||
| Q3 25 | 5.8% | 3.9% | ||
| Q2 25 | 5.9% | 3.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 5.0% | 0.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 7.3% | -1.1% | ||
| Q1 24 | 6.6% | 5.3% |
每股收益（稀释后）MSMPACS
| Q4 25 | $0.93 | $0.42 | ||
| Q3 25 | $1.02 | $0.32 | ||
| Q2 25 | $1.02 | $0.31 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | $0.83 | $-0.03 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | $1.27 | $-0.07 | ||
| Q1 24 | $1.10 | $0.38 |
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 | $40.3M | $197.0M |
| 总债务越低越好 | $214.1M | $353.2M |
| 股东权益账面价值 | $1.4B | $946.8M |
| 总资产 | $2.5B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资MSMPACS
| Q4 25 | $40.3M | $197.0M | ||
| Q3 25 | $56.2M | $355.7M | ||
| Q2 25 | $71.7M | $294.2M | ||
| Q1 25 | — | $287.5M | ||
| Q4 24 | $57.3M | $157.7M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | $25.9M | $73.4M | ||
| Q1 24 | $22.2M | $81.2M |
总债务MSMPACS
| Q4 25 | $214.1M | $353.2M | ||
| Q3 25 | $168.8M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $289.9M | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | $299.8M | — | ||
| Q1 24 | $294.5M | — |
股东权益MSMPACS
| Q4 25 | $1.4B | $946.8M | ||
| Q3 25 | $1.4B | $871.3M | ||
| Q2 25 | $1.4B | $806.8M | ||
| Q1 25 | — | $750.2M | ||
| Q4 24 | $1.4B | $709.6M | ||
| Q3 24 | — | $660.0M | ||
| Q2 24 | $1.4B | $572.1M | ||
| Q1 24 | $1.4B | $128.0M |
总资产MSMPACS
| Q4 25 | $2.5B | $5.6B | ||
| Q3 25 | $2.5B | $5.6B | ||
| Q2 25 | $2.5B | $5.5B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | $2.5B | $3.9B | ||
| Q1 24 | $2.5B | $3.9B |
负债/权益比MSMPACS
| Q4 25 | 0.16× | 0.37× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 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 | $29.4M | $-3.4M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 0.57× | -0.06× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MSMPACS
| Q4 25 | $29.4M | $-3.4M | ||
| Q3 25 | — | $204.8M | ||
| Q2 25 | $151.6M | $52.6M | ||
| Q1 25 | — | $150.2M | ||
| Q4 24 | $101.9M | $64.6M | ||
| Q3 24 | — | $209.2M | ||
| Q2 24 | $143.5M | $34.8M | ||
| Q1 24 | $78.7M | $58.8M |
自由现金流MSMPACS
| Q4 25 | $7.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $100.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $81.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $53.4M | — |
自由现金流率MSMPACS
| Q4 25 | 0.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 5.7% | — |
资本支出强度MSMPACS
| Q4 25 | 2.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | — |
现金转化率MSMPACS
| Q4 25 | 0.57× | -0.06× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | 2.67× | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | 2.18× | 33.78× | ||
| Q3 24 | — | 13.39× | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.27× | 1.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
