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MSC INDUSTRIAL DIRECT CO INC（MSM）与滨特尔（PNR）财务数据对比。点击上方公司名可切换其他公司
滨特尔的季度营收约是MSC INDUSTRIAL DIRECT CO INC的1.1倍（$1.0B vs $965.7M），滨特尔净利率更高（16.6% vs 5.4%，领先11.3%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs 2.6%），MSC INDUSTRIAL DIRECT CO INC自由现金流更多（$7.4M vs $-85.7M），过去两年滨特尔的营收复合增速更高（-2.9% 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。
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
MSM vs PNR — 直观对比
营收规模更大
PNR
是对方的1.1倍
$965.7M
营收增速更快
MSM
高出1.4%
2.6%
净利率更高
PNR
高出11.3%
5.4%
自由现金流更多
MSM
多$93.1M
$-85.7M
两年增速更快
PNR
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.0B |
| 净利润 | $51.8M | $172.4M |
| 毛利率 | 40.7% | 41.8% |
| 营业利润率 | 7.9% | 20.3% |
| 净利率 | 5.4% | 16.6% |
| 营收同比 | 4.0% | 2.6% |
| 净利润同比 | 11.1% | 11.3% |
| 每股收益（稀释后） | $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MSMPNR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $965.7M | $1.0B | ||
| Q3 25 | $978.2M | $1.0B | ||
| Q2 25 | $971.1M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $928.5M | $972.9M | ||
| Q3 24 | — | $993.4M | ||
| Q2 24 | $979.4M | $1.1B |
净利润MSMPNR
| Q1 26 | — | $172.4M | ||
| Q4 25 | $51.8M | $166.1M | ||
| Q3 25 | $56.5M | $184.3M | ||
| Q2 25 | $56.8M | $148.5M | ||
| Q1 25 | — | $154.9M | ||
| Q4 24 | $46.6M | $166.4M | ||
| Q3 24 | — | $139.6M | ||
| Q2 24 | $71.7M | $186.1M |
毛利率MSMPNR
| Q1 26 | — | 41.8% | ||
| Q4 25 | 40.7% | 40.4% | ||
| Q3 25 | 40.4% | 41.0% | ||
| Q2 25 | 41.0% | 40.7% | ||
| Q1 25 | — | 39.9% | ||
| Q4 24 | 40.7% | 38.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | 40.9% | 39.8% |
营业利润率MSMPNR
| Q1 26 | — | 20.3% | ||
| Q4 25 | 7.9% | 20.1% | ||
| Q3 25 | 8.6% | 22.7% | ||
| Q2 25 | 8.5% | 19.4% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | 7.8% | 20.1% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | 10.9% | 22.6% |
净利率MSMPNR
| Q1 26 | — | 16.6% | ||
| Q4 25 | 5.4% | 16.3% | ||
| Q3 25 | 5.8% | 18.0% | ||
| Q2 25 | 5.9% | 13.2% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | 5.0% | 17.1% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | 7.3% | 16.9% |
每股收益（稀释后）MSMPNR
| Q1 26 | — | — | ||
| Q4 25 | $0.93 | $1.01 | ||
| Q3 25 | $1.02 | $1.12 | ||
| Q2 25 | $1.02 | $0.90 | ||
| Q1 25 | — | $0.93 | ||
| Q4 24 | $0.83 | $0.99 | ||
| Q3 24 | — | $0.84 | ||
| Q2 24 | $1.27 | $1.11 |
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 | $67.7M |
| 总债务越低越好 | $214.1M | $1.9B |
| 股东权益账面价值 | $1.4B | $3.8B |
| 总资产 | $2.5B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资MSMPNR
| Q1 26 | — | $67.7M | ||
| Q4 25 | $40.3M | — | ||
| Q3 25 | $56.2M | $128.4M | ||
| Q2 25 | $71.7M | $143.0M | ||
| Q1 25 | — | $140.6M | ||
| Q4 24 | $57.3M | $118.7M | ||
| Q3 24 | — | $218.1M | ||
| Q2 24 | $25.9M | $214.3M |
总债务MSMPNR
| Q1 26 | — | $1.9B | ||
| Q4 25 | $214.1M | $1.6B | ||
| Q3 25 | $168.8M | $1.6B | ||
| Q2 25 | $285.0M | $1.4B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $289.9M | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | $299.8M | $1.8B |
股东权益MSMPNR
| Q1 26 | — | $3.8B | ||
| Q4 25 | $1.4B | $3.9B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | $1.4B | $3.4B |
总资产MSMPNR
| Q1 26 | — | $7.1B | ||
| Q4 25 | $2.5B | $6.9B | ||
| Q3 25 | $2.5B | $6.8B | ||
| Q2 25 | $2.5B | $6.5B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $2.5B | $6.4B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | $2.5B | $6.5B |
负债/权益比MSMPNR
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.16× | 0.42× | ||
| Q3 25 | 0.12× | 0.42× | ||
| Q2 25 | 0.21× | 0.38× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 0.21× | 0.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | 0.51× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $-85.7M |
| 自由现金流率自由现金流/营收 | 0.8% | -8.3% |
| 资本支出强度资本支出/营收 | 2.3% | 1.8% |
| 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 | — | $716.0M |
8季度趋势，按日历期对齐
经营现金流MSMPNR
| Q1 26 | — | — | ||
| Q4 25 | $29.4M | $50.8M | ||
| Q3 25 | — | $196.3M | ||
| Q2 25 | $151.6M | $606.6M | ||
| Q1 25 | — | $-38.9M | ||
| Q4 24 | $101.9M | $86.5M | ||
| Q3 24 | — | $248.6M | ||
| Q2 24 | $143.5M | $539.2M |
自由现金流MSMPNR
| Q1 26 | — | $-85.7M | ||
| Q4 25 | $7.4M | $27.1M | ||
| Q3 25 | — | $178.9M | ||
| Q2 25 | $100.7M | $595.7M | ||
| Q1 25 | — | $-55.7M | ||
| Q4 24 | $81.7M | $63.8M | ||
| Q3 24 | — | $233.2M | ||
| Q2 24 | $114.0M | $522.2M |
自由现金流率MSMPNR
| Q1 26 | — | -8.3% | ||
| Q4 25 | 0.8% | 2.7% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | 10.4% | 53.0% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | 8.8% | 6.6% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | 11.6% | 47.5% |
资本支出强度MSMPNR
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.3% | 2.3% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 5.2% | 1.0% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 2.2% | 2.3% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | 3.0% | 1.5% |
现金转化率MSMPNR
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 0.31× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | 2.67× | 4.08× | ||
| Q1 25 | — | -0.25× | ||
| Q4 24 | 2.18× | 0.52× | ||
| Q3 24 | — | 1.78× | ||
| Q2 24 | 2.00× | 2.90× |
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
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
