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MSC INDUSTRIAL DIRECT CO INC（MSM）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是MSC INDUSTRIAL DIRECT CO INC的1.5倍（$1.5B vs $965.7M），MSC INDUSTRIAL DIRECT CO INC净利率更高（5.4% vs -3.1%，领先8.5%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs -11.9%），MSC INDUSTRIAL DIRECT CO INC自由现金流更多（$7.4M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
MSM vs RXO — 直观对比
营收规模更大
RXO
是对方的1.5倍
$965.7M
营收增速更快
MSM
高出15.9%
-11.9%
净利率更高
MSM
高出8.5%
-3.1%
自由现金流更多
MSM
多$16.4M
$-9.0M
两年增速更快
RXO
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.5B |
| 净利润 | $51.8M | $-46.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | -2.9% |
| 净利率 | 5.4% | -3.1% |
| 营收同比 | 4.0% | -11.9% |
| 净利润同比 | 11.1% | -84.0% |
| 每股收益（稀释后） | $0.93 | $-0.28 |
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MSMRXO
| Q4 25 | $965.7M | $1.5B | ||
| Q3 25 | $978.2M | $1.4B | ||
| Q2 25 | $971.1M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $928.5M | $1.7B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $979.4M | $930.0M | ||
| Q1 24 | $935.3M | $913.0M |
净利润MSMRXO
| Q4 25 | $51.8M | $-46.0M | ||
| Q3 25 | $56.5M | $-14.0M | ||
| Q2 25 | $56.8M | $-9.0M | ||
| Q1 25 | — | $-31.0M | ||
| Q4 24 | $46.6M | $-25.0M | ||
| Q3 24 | — | $-243.0M | ||
| Q2 24 | $71.7M | $-7.0M | ||
| Q1 24 | $61.8M | $-15.0M |
毛利率MSMRXO
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — |
营业利润率MSMRXO
| Q4 25 | 7.9% | -2.9% | ||
| Q3 25 | 8.6% | -0.5% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | 7.8% | -1.4% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 9.7% | -1.3% |
净利率MSMRXO
| Q4 25 | 5.4% | -3.1% | ||
| Q3 25 | 5.8% | -1.0% | ||
| Q2 25 | 5.9% | -0.6% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | 5.0% | -1.5% | ||
| Q3 24 | — | -23.4% | ||
| Q2 24 | 7.3% | -0.8% | ||
| Q1 24 | 6.6% | -1.6% |
每股收益（稀释后）MSMRXO
| Q4 25 | $0.93 | $-0.28 | ||
| Q3 25 | $1.02 | $-0.08 | ||
| Q2 25 | $1.02 | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | $0.83 | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | $1.27 | $-0.06 | ||
| Q1 24 | $1.10 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $214.1M | $387.0M |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $2.5B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资MSMRXO
| Q4 25 | $40.3M | $17.0M | ||
| Q3 25 | $56.2M | $25.0M | ||
| Q2 25 | $71.7M | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | $57.3M | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | $25.9M | $7.0M | ||
| Q1 24 | $22.2M | $7.0M |
总债务MSMRXO
| Q4 25 | $214.1M | $387.0M | ||
| Q3 25 | $168.8M | $387.0M | ||
| Q2 25 | $285.0M | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | $289.9M | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | $299.8M | $370.0M | ||
| Q1 24 | $294.5M | $351.0M |
股东权益MSMRXO
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $1.4B | $579.0M | ||
| Q1 24 | $1.4B | $582.0M |
总资产MSMRXO
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $2.5B | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比MSMRXO
| Q4 25 | 0.16× | 0.25× | ||
| Q3 25 | 0.12× | 0.24× | ||
| Q2 25 | 0.21× | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.21× | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 0.21× | 0.64× | ||
| Q1 24 | 0.21× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 0.8% | -0.6% |
| 资本支出强度资本支出/营收 | 2.3% | 1.1% |
| 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 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流MSMRXO
| Q4 25 | $29.4M | $7.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | $151.6M | $23.0M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $101.9M | $-7.0M | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | $143.5M | $-5.0M | ||
| Q1 24 | $78.7M | $7.0M |
自由现金流MSMRXO
| Q4 25 | $7.4M | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | $100.7M | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | $81.7M | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | $114.0M | $-16.0M | ||
| Q1 24 | $53.4M | $-4.0M |
自由现金流率MSMRXO
| Q4 25 | 0.8% | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 10.4% | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | 8.8% | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | 11.6% | -1.7% | ||
| Q1 24 | 5.7% | -0.4% |
资本支出强度MSMRXO
| Q4 25 | 2.3% | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 5.2% | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 2.2% | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 2.7% | 1.2% |
现金转化率MSMRXO
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.67× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 1.27× | — |
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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
