vs
Murphy USA Inc.（MUSA）与潘世奇汽车集团（PAG）财务数据对比。点击上方公司名可切换其他公司
潘世奇汽车集团的季度营收约是Murphy USA Inc.的1.9倍（$8.8B vs $4.7B）。Murphy USA Inc.净利率更高（3.0% vs 2.6%，领先0.4%）。潘世奇汽车集团同比增速更快（14.6% vs 0.7%）。Murphy USA Inc.自由现金流更多（$128.8M vs $25.1M）。过去两年潘世奇汽车集团的营收复合增速更高（9.0% vs -1.0%）
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
潘世奇汽车集团（PAG）是总部位于美国密歇根州布卢姆菲尔德希尔斯的交通服务企业，主营汽车与商用卡车经销业务，覆盖美国、加拿大及西欧市场，同时在澳大利亚、新西兰分销商用车、发动机、动力系统及相关配件服务，还持有潘世奇运输解决方案公司28.9%的股份，后者管理超40万辆卡车的车队。
MUSA vs PAG — 直观对比
营收规模更大
PAG
是对方的1.9倍
$4.7B
营收增速更快
PAG
高出13.9%
0.7%
净利率更高
MUSA
高出0.4%
2.6%
自由现金流更多
MUSA
多$103.7M
$25.1M
两年增速更快
PAG
近两年复合增速
-1.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $8.8B |
| 净利润 | $141.9M | $228.1M |
| 毛利率 | — | 15.9% |
| 营业利润率 | 4.4% | 3.6% |
| 净利率 | 3.0% | 2.6% |
| 营收同比 | 0.7% | 14.6% |
| 净利润同比 | -0.4% | -3.5% |
| 每股收益（稀释后） | $7.35 | $3.46 |
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MUSAPAG
| Q4 25 | $4.7B | $8.8B | ||
| Q3 25 | $5.1B | $7.7B | ||
| Q2 25 | $5.0B | $7.7B | ||
| Q1 25 | $4.5B | $7.6B | ||
| Q4 24 | $4.7B | $7.7B | ||
| Q3 24 | $5.2B | $7.6B | ||
| Q2 24 | $5.5B | $7.7B | ||
| Q1 24 | $4.8B | $7.4B |
净利润MUSAPAG
| Q4 25 | $141.9M | $228.1M | ||
| Q3 25 | $129.9M | $213.0M | ||
| Q2 25 | $145.6M | $250.0M | ||
| Q1 25 | $53.2M | $244.3M | ||
| Q4 24 | $142.5M | $236.4M | ||
| Q3 24 | $149.2M | $226.1M | ||
| Q2 24 | $144.8M | $241.2M | ||
| Q1 24 | $66.0M | $215.2M |
毛利率MUSAPAG
| Q4 25 | — | 15.9% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 16.3% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 16.7% |
营业利润率MUSAPAG
| Q4 25 | 4.4% | 3.6% | ||
| Q3 25 | 3.9% | 3.9% | ||
| Q2 25 | 4.4% | 4.5% | ||
| Q1 25 | 1.9% | 4.1% | ||
| Q4 24 | 4.2% | 4.3% | ||
| Q3 24 | 4.2% | 4.2% | ||
| Q2 24 | 4.0% | 4.4% | ||
| Q1 24 | 2.2% | 4.4% |
净利率MUSAPAG
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 2.5% | 2.8% | ||
| Q2 25 | 2.9% | 3.3% | ||
| Q1 25 | 1.2% | 3.2% | ||
| Q4 24 | 3.0% | 3.1% | ||
| Q3 24 | 2.8% | 3.0% | ||
| Q2 24 | 2.7% | 3.1% | ||
| Q1 24 | 1.4% | 2.9% |
每股收益（稀释后）MUSAPAG
| Q4 25 | $7.35 | $3.46 | ||
| Q3 25 | $6.76 | $3.23 | ||
| Q2 25 | $7.36 | $3.78 | ||
| Q1 25 | $2.63 | $3.66 | ||
| Q4 24 | $6.87 | $3.53 | ||
| Q3 24 | $7.20 | $3.39 | ||
| Q2 24 | $6.92 | $3.61 | ||
| Q1 24 | $3.12 | $3.21 |
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 | $28.9M | $64.7M |
| 总债务越低越好 | $2.2B | $2.2B |
| 股东权益账面价值 | $623.5M | $5.6B |
| 总资产 | $4.7B | $17.6B |
| 负债/权益比越低杠杆越低 | 3.47× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资MUSAPAG
| Q4 25 | $28.9M | $64.7M | ||
| Q3 25 | $42.8M | $80.3M | ||
| Q2 25 | $54.1M | $155.3M | ||
| Q1 25 | $49.4M | $118.4M | ||
| Q4 24 | $47.0M | $72.4M | ||
| Q3 24 | $52.5M | $91.9M | ||
| Q2 24 | $79.8M | $115.1M | ||
| Q1 24 | $56.7M | $116.9M |
总债务MUSAPAG
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.0B | $1.8B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $1.8B | $1.8B | ||
| Q1 24 | $1.8B | $1.7B |
股东权益MUSAPAG
| Q4 25 | $623.5M | $5.6B | ||
| Q3 25 | $546.0M | $5.7B | ||
| Q2 25 | $646.1M | $5.6B | ||
| Q1 25 | $719.6M | $5.4B | ||
| Q4 24 | $840.1M | $5.2B | ||
| Q3 24 | $830.1M | $5.2B | ||
| Q2 24 | $811.3M | $5.0B | ||
| Q1 24 | $781.6M | $4.8B |
总资产MUSAPAG
| Q4 25 | $4.7B | $17.6B | ||
| Q3 25 | $4.7B | $17.1B | ||
| Q2 25 | $4.6B | $17.4B | ||
| Q1 25 | $4.5B | $16.9B | ||
| Q4 24 | $4.5B | $16.7B | ||
| Q3 24 | $4.4B | $17.1B | ||
| Q2 24 | $4.4B | $16.6B | ||
| Q1 24 | $4.3B | $16.1B |
负债/权益比MUSAPAG
| Q4 25 | 3.47× | 0.39× | ||
| Q3 25 | 4.07× | 0.28× | ||
| Q2 25 | 3.20× | 0.32× | ||
| Q1 25 | 2.74× | 0.33× | ||
| Q4 24 | 2.18× | 0.36× | ||
| Q3 24 | 2.19× | 0.36× | ||
| Q2 24 | 2.20× | 0.36× | ||
| Q1 24 | 2.28× | 0.35× |
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 | $245.5M | $123.2M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $25.1M |
| 自由现金流率自由现金流/营收 | 2.7% | 0.3% |
| 资本支出强度资本支出/营收 | 2.5% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.73× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $374.3M | $650.5M |
8季度趋势，按日历期对齐
经营现金流MUSAPAG
| Q4 25 | $245.5M | $123.2M | ||
| Q3 25 | $184.8M | $379.5M | ||
| Q2 25 | $255.1M | $189.7M | ||
| Q1 25 | $128.5M | $282.7M | ||
| Q4 24 | $248.7M | $217.7M | ||
| Q3 24 | $202.1M | $271.0M | ||
| Q2 24 | $260.8M | $235.1M | ||
| Q1 24 | $136.0M | $456.0M |
自由现金流MUSAPAG
| Q4 25 | $128.8M | $25.1M | ||
| Q3 25 | $67.7M | $300.4M | ||
| Q2 25 | $137.1M | $118.9M | ||
| Q1 25 | $40.7M | $206.1M | ||
| Q4 24 | $121.7M | $131.6M | ||
| Q3 24 | $65.2M | $190.1M | ||
| Q2 24 | $142.8M | $135.9M | ||
| Q1 24 | $59.8M | $353.5M |
自由现金流率MUSAPAG
| Q4 25 | 2.7% | 0.3% | ||
| Q3 25 | 1.3% | 3.9% | ||
| Q2 25 | 2.7% | 1.6% | ||
| Q1 25 | 0.9% | 2.7% | ||
| Q4 24 | 2.6% | 1.7% | ||
| Q3 24 | 1.2% | 2.5% | ||
| Q2 24 | 2.6% | 1.8% | ||
| Q1 24 | 1.2% | 4.7% |
资本支出强度MUSAPAG
| Q4 25 | 2.5% | 1.1% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率MUSAPAG
| Q4 25 | 1.73× | 0.54× | ||
| Q3 25 | 1.42× | 1.78× | ||
| Q2 25 | 1.75× | 0.76× | ||
| Q1 25 | 2.42× | 1.16× | ||
| Q4 24 | 1.75× | 0.92× | ||
| Q3 24 | 1.35× | 1.20× | ||
| Q2 24 | 1.80× | 0.97× | ||
| Q1 24 | 2.06× | 2.12× |
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
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
PAG
| New Vehicle | $3.9B | 44% |
| Used Vehicle | $2.3B | 26% |
| Service And Parts | $953.6M | 11% |
| Retail Commercial Truck Dealership Segment | $725.4M | 8% |
| Other | $414.5M | 5% |
| Commercial Vehicle Distribution And Other | $303.3M | 3% |
| Finance And Insurance Net | $221.9M | 3% |
