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MSC INDUSTRIAL DIRECT CO INC（MSM）与PHINIA INC.（PHIN）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PHINIA INC.的1.1倍（$965.7M vs $889.0M），PHINIA INC.同比增速更快（6.7% vs 4.0%），PHINIA INC.自由现金流更多（$67.0M vs $7.4M），过去两年PHINIA INC.的营收复合增速更高（1.5% 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。
PHINIA INC.是一家全球汽车技术供应商，主打燃油喷射系统、起动机、发电机及混动、电动汽车零部件，服务全球各主要市场的整车生产商和售后客户，覆盖乘用车、商用车及工业出行领域。
MSM vs PHIN — 直观对比
营收规模更大
MSM
是对方的1.1倍
$889.0M
营收增速更快
PHIN
高出2.7%
4.0%
自由现金流更多
PHIN
多$59.6M
$7.4M
两年增速更快
PHIN
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $889.0M |
| 净利润 | $51.8M | — |
| 毛利率 | 40.7% | 21.7% |
| 营业利润率 | 7.9% | 7.8% |
| 净利率 | 5.4% | — |
| 营收同比 | 4.0% | 6.7% |
| 净利润同比 | 11.1% | — |
| 每股收益（稀释后） | $0.93 | $1.14 |
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MSMPHIN
| Q4 25 | $965.7M | $889.0M | ||
| Q3 25 | $978.2M | $908.0M | ||
| Q2 25 | $971.1M | $890.0M | ||
| Q1 25 | — | $796.0M | ||
| Q4 24 | $928.5M | $833.0M | ||
| Q3 24 | — | $839.0M | ||
| Q2 24 | $979.4M | $868.0M | ||
| Q1 24 | $935.3M | $863.0M |
净利润MSMPHIN
| Q4 25 | $51.8M | — | ||
| Q3 25 | $56.5M | $13.0M | ||
| Q2 25 | $56.8M | $46.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | $46.6M | — | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | $71.7M | $14.0M | ||
| Q1 24 | $61.8M | $29.0M |
毛利率MSMPHIN
| Q4 25 | 40.7% | 21.7% | ||
| Q3 25 | 40.4% | 22.0% | ||
| Q2 25 | 41.0% | 22.1% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | 40.7% | 22.7% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | 40.9% | 21.7% | ||
| Q1 24 | 41.5% | 22.2% |
营业利润率MSMPHIN
| Q4 25 | 7.9% | 7.8% | ||
| Q3 25 | 8.6% | 3.7% | ||
| Q2 25 | 8.5% | 10.0% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | 7.8% | 6.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | 10.9% | 8.2% | ||
| Q1 24 | 9.7% | 8.2% |
净利率MSMPHIN
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 5.9% | 5.2% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | 7.3% | 1.6% | ||
| Q1 24 | 6.6% | 3.4% |
每股收益（稀释后）MSMPHIN
| Q4 25 | $0.93 | $1.14 | ||
| Q3 25 | $1.02 | $0.33 | ||
| Q2 25 | $1.02 | $1.14 | ||
| Q1 25 | — | $0.63 | ||
| Q4 24 | $0.83 | $0.13 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | $1.27 | $0.31 | ||
| Q1 24 | $1.10 | $0.62 |
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 | $359.0M |
| 总债务越低越好 | $214.1M | $970.0M |
| 股东权益账面价值 | $1.4B | $1.6B |
| 总资产 | $2.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资MSMPHIN
| Q4 25 | $40.3M | $359.0M | ||
| Q3 25 | $56.2M | $349.0M | ||
| Q2 25 | $71.7M | $347.0M | ||
| Q1 25 | — | $373.0M | ||
| Q4 24 | $57.3M | $484.0M | ||
| Q3 24 | — | $477.0M | ||
| Q2 24 | $25.9M | $339.0M | ||
| Q1 24 | $22.2M | $325.0M |
总债务MSMPHIN
| Q4 25 | $214.1M | $970.0M | ||
| Q3 25 | $168.8M | $990.0M | ||
| Q2 25 | $285.0M | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | $289.9M | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | $299.8M | $821.0M | ||
| Q1 24 | $294.5M | $706.0M |
股东权益MSMPHIN
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.4B | $1.9B |
总资产MSMPHIN
| Q4 25 | $2.5B | $3.8B | ||
| Q3 25 | $2.5B | $4.0B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | $2.5B | $3.9B | ||
| Q1 24 | $2.5B | $4.0B |
负债/权益比MSMPHIN
| Q4 25 | 0.16× | 0.61× | ||
| Q3 25 | 0.12× | 0.62× | ||
| Q2 25 | 0.21× | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | 0.21× | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | 0.21× | 0.47× | ||
| Q1 24 | 0.21× | 0.38× |
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 | $96.0M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $67.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 7.5% |
| 资本支出强度资本支出/营收 | 2.3% | 3.3% |
| 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 | — | $188.0M |
8季度趋势，按日历期对齐
经营现金流MSMPHIN
| Q4 25 | $29.4M | $96.0M | ||
| Q3 25 | — | $119.0M | ||
| Q2 25 | $151.6M | $57.0M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $101.9M | $73.0M | ||
| Q3 24 | — | $95.0M | ||
| Q2 24 | $143.5M | $109.0M | ||
| Q1 24 | $78.7M | $31.0M |
自由现金流MSMPHIN
| Q4 25 | $7.4M | $67.0M | ||
| Q3 25 | — | $93.0M | ||
| Q2 25 | $100.7M | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | $81.7M | $53.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | $114.0M | $92.0M | ||
| Q1 24 | $53.4M | $-12.0M |
自由现金流率MSMPHIN
| Q4 25 | 0.8% | 7.5% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | 10.4% | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 8.8% | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | 11.6% | 10.6% | ||
| Q1 24 | 5.7% | -1.4% |
资本支出强度MSMPHIN
| Q4 25 | 2.3% | 3.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | 5.2% | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | 2.2% | 2.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | 3.0% | 2.0% | ||
| Q1 24 | 2.7% | 5.0% |
现金转化率MSMPHIN
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | 2.67× | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | 2.00× | 7.79× | ||
| Q1 24 | 1.27× | 1.07× |
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
MSM
暂无分部数据
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
