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MSC INDUSTRIAL DIRECT CO INC（MSM）与PELOTON INTERACTIVE, INC.（PTON）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PELOTON INTERACTIVE, INC.的1.5倍（$965.7M vs $656.5M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -5.9%，领先11.3%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs -2.6%），PELOTON INTERACTIVE, INC.自由现金流更多（$71.0M vs $7.4M）
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。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
MSM vs PTON — 直观对比
营收规模更大
MSM
是对方的1.5倍
$656.5M
营收增速更快
MSM
高出6.6%
-2.6%
净利率更高
MSM
高出11.3%
-5.9%
自由现金流更多
PTON
多$63.6M
$7.4M
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $656.5M |
| 净利润 | $51.8M | $-38.8M |
| 毛利率 | 40.7% | 50.5% |
| 营业利润率 | 7.9% | -2.2% |
| 净利率 | 5.4% | -5.9% |
| 营收同比 | 4.0% | -2.6% |
| 净利润同比 | 11.1% | 57.8% |
| 每股收益（稀释后） | $0.93 | $-0.09 |
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MSMPTON
| Q4 25 | $965.7M | $656.5M | ||
| Q3 25 | $978.2M | $550.8M | ||
| Q2 25 | $971.1M | — | ||
| Q4 24 | $928.5M | — | ||
| Q2 24 | $979.4M | — | ||
| Q1 24 | $935.3M | — | ||
| Q4 23 | $954.0M | — | ||
| Q3 23 | $1.0B | — |
净利润MSMPTON
| Q4 25 | $51.8M | $-38.8M | ||
| Q3 25 | $56.5M | $13.9M | ||
| Q2 25 | $56.8M | — | ||
| Q4 24 | $46.6M | — | ||
| Q2 24 | $71.7M | — | ||
| Q1 24 | $61.8M | — | ||
| Q4 23 | $69.3M | — | ||
| Q3 23 | $87.6M | — |
毛利率MSMPTON
| Q4 25 | 40.7% | 50.5% | ||
| Q3 25 | 40.4% | 51.5% | ||
| Q2 25 | 41.0% | — | ||
| Q4 24 | 40.7% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — | ||
| Q4 23 | 41.2% | — | ||
| Q3 23 | 40.5% | — |
营业利润率MSMPTON
| Q4 25 | 7.9% | -2.2% | ||
| Q3 25 | 8.6% | 7.5% | ||
| Q2 25 | 8.5% | — | ||
| Q4 24 | 7.8% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 9.7% | — | ||
| Q4 23 | 10.6% | — | ||
| Q3 23 | 11.4% | — |
净利率MSMPTON
| Q4 25 | 5.4% | -5.9% | ||
| Q3 25 | 5.8% | 2.5% | ||
| Q2 25 | 5.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 6.6% | — | ||
| Q4 23 | 7.3% | — | ||
| Q3 23 | 8.5% | — |
每股收益（稀释后）MSMPTON
| Q4 25 | $0.93 | $-0.09 | ||
| Q3 25 | $1.02 | $0.03 | ||
| Q2 25 | $1.02 | — | ||
| Q4 24 | $0.83 | — | ||
| Q2 24 | $1.27 | — | ||
| Q1 24 | $1.10 | — | ||
| Q4 23 | $1.22 | — | ||
| Q3 23 | $1.56 | — |
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 | $1.2B |
| 总债务越低越好 | $214.1M | $1.5B |
| 股东权益账面价值 | $1.4B | $-326.7M |
| 总资产 | $2.5B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资MSMPTON
| Q4 25 | $40.3M | $1.2B | ||
| Q3 25 | $56.2M | $1.1B | ||
| Q2 25 | $71.7M | — | ||
| Q4 24 | $57.3M | — | ||
| Q2 24 | $25.9M | — | ||
| Q1 24 | $22.2M | — | ||
| Q4 23 | $25.8M | — | ||
| Q3 23 | $50.1M | — |
总债务MSMPTON
| Q4 25 | $214.1M | $1.5B | ||
| Q3 25 | $168.8M | $1.5B | ||
| Q2 25 | $285.0M | — | ||
| Q4 24 | $289.9M | — | ||
| Q2 24 | $299.8M | — | ||
| Q1 24 | $294.5M | — | ||
| Q4 23 | $294.4M | — | ||
| Q3 23 | $224.4M | — |
股东权益MSMPTON
| Q4 25 | $1.4B | $-326.7M | ||
| Q3 25 | $1.4B | $-347.0M | ||
| Q2 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — | ||
| Q4 23 | $1.4B | — | ||
| Q3 23 | $1.5B | — |
总资产MSMPTON
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — | ||
| Q4 23 | $2.5B | — | ||
| Q3 23 | $2.5B | — |
负债/权益比MSMPTON
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q4 24 | 0.21× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — | ||
| Q4 23 | 0.21× | — | ||
| Q3 23 | 0.15× | — |
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 | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $71.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 10.8% |
| 资本支出强度资本支出/营收 | 2.3% | 0.1% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流MSMPTON
| Q4 25 | $29.4M | $71.9M | ||
| Q3 25 | — | $71.9M | ||
| Q2 25 | $151.6M | — | ||
| Q4 24 | $101.9M | — | ||
| Q2 24 | $143.5M | — | ||
| Q1 24 | $78.7M | — | ||
| Q4 23 | $81.2M | — | ||
| Q3 23 | $132.5M | — |
自由现金流MSMPTON
| Q4 25 | $7.4M | $71.0M | ||
| Q3 25 | — | $67.4M | ||
| Q2 25 | $100.7M | — | ||
| Q4 24 | $81.7M | — | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $53.4M | — | ||
| Q4 23 | $62.7M | — | ||
| Q3 23 | $104.1M | — |
自由现金流率MSMPTON
| Q4 25 | 0.8% | 10.8% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | 10.4% | — | ||
| Q4 24 | 8.8% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 5.7% | — | ||
| Q4 23 | 6.6% | — | ||
| Q3 23 | 10.1% | — |
资本支出强度MSMPTON
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | 5.2% | — | ||
| Q4 24 | 2.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | — | ||
| Q4 23 | 1.9% | — | ||
| Q3 23 | 2.7% | — |
现金转化率MSMPTON
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | 5.17× | ||
| Q2 25 | 2.67× | — | ||
| Q4 24 | 2.18× | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.27× | — | ||
| Q4 23 | 1.17× | — | ||
| Q3 23 | 1.51× | — |
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
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
