vs
Murphy USA Inc.（MUSA）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是Raymond James Financial的1.2倍（$4.7B vs $3.9B），Raymond James Financial净利率更高（14.1% vs 3.0%，领先11.1%），Raymond James Financial同比增速更快（13.0% vs 0.7%），过去两年Raymond James Financial的营收复合增速更高（1.3% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
MUSA vs RJF — 直观对比
营收规模更大
MUSA
是对方的1.2倍
$3.9B
营收增速更快
RJF
高出12.3%
0.7%
净利率更高
RJF
高出11.1%
3.0%
两年增速更快
RJF
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.9B |
| 净利润 | $141.9M | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.4% | — |
| 净利率 | 3.0% | 14.1% |
| 营收同比 | 0.7% | 13.0% |
| 净利润同比 | -0.4% | 10.0% |
| 每股收益（稀释后） | $7.35 | $2.83 |
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MUSARJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $4.7B | $4.2B | ||
| Q3 25 | $5.1B | $4.2B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $4.5B | $3.8B | ||
| Q4 24 | $4.7B | $4.0B | ||
| Q3 24 | $5.2B | $4.0B | ||
| Q2 24 | $5.5B | $3.8B |
净利润MUSARJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $141.9M | $563.0M | ||
| Q3 25 | $129.9M | $604.0M | ||
| Q2 25 | $145.6M | $436.0M | ||
| Q1 25 | $53.2M | $495.0M | ||
| Q4 24 | $142.5M | $600.0M | ||
| Q3 24 | $149.2M | $602.0M | ||
| Q2 24 | $144.8M | $492.0M |
营业利润率MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 4.4% | 14.7% | ||
| Q1 25 | 1.9% | 17.5% | ||
| Q4 24 | 4.2% | 18.6% | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 4.0% | 17.1% |
净利率MUSARJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 3.0% | 13.5% | ||
| Q3 25 | 2.5% | 14.4% | ||
| Q2 25 | 2.9% | 11.3% | ||
| Q1 25 | 1.2% | 12.9% | ||
| Q4 24 | 3.0% | 14.9% | ||
| Q3 24 | 2.8% | 15.0% | ||
| Q2 24 | 2.7% | 13.1% |
每股收益（稀释后）MUSARJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $7.35 | $2.79 | ||
| Q3 25 | $6.76 | $2.96 | ||
| Q2 25 | $7.36 | $2.12 | ||
| Q1 25 | $2.63 | $2.36 | ||
| Q4 24 | $6.87 | $2.86 | ||
| Q3 24 | $7.20 | $2.85 | ||
| Q2 24 | $6.92 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $623.5M | $52.0M |
| 总资产 | $4.7B | $91.9B |
| 负债/权益比越低杠杆越低 | 3.47× | — |
8季度趋势，按日历期对齐
现金及短期投资MUSARJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $28.9M | $9.9B | ||
| Q3 25 | $42.8M | $11.4B | ||
| Q2 25 | $54.1M | $9.2B | ||
| Q1 25 | $49.4M | $9.7B | ||
| Q4 24 | $47.0M | $10.0B | ||
| Q3 24 | $52.5M | $11.0B | ||
| Q2 24 | $79.8M | $9.1B |
总债务MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — |
股东权益MUSARJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $623.5M | $12.6B | ||
| Q3 25 | $546.0M | $12.5B | ||
| Q2 25 | $646.1M | $12.3B | ||
| Q1 25 | $719.6M | $12.2B | ||
| Q4 24 | $840.1M | $11.9B | ||
| Q3 24 | $830.1M | $11.7B | ||
| Q2 24 | $811.3M | $11.2B |
总资产MUSARJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $4.7B | $88.8B | ||
| Q3 25 | $4.7B | $88.2B | ||
| Q2 25 | $4.6B | $84.8B | ||
| Q1 25 | $4.5B | $83.1B | ||
| Q4 24 | $4.5B | $82.3B | ||
| Q3 24 | $4.4B | $83.0B | ||
| Q2 24 | $4.4B | $80.6B |
负债/权益比MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.07× | — | ||
| Q2 25 | 3.20× | — | ||
| Q1 25 | 2.74× | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 2.20× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $128.8M | — |
| 自由现金流率自由现金流/营收 | 2.7% | — |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 现金转化率经营现金流/净利润 | 1.73× | — |
| 过去12个月自由现金流最近4个季度 | $374.3M | — |
8季度趋势，按日历期对齐
经营现金流MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | $245.5M | $-10.0M | ||
| Q3 25 | $184.8M | $796.0M | ||
| Q2 25 | $255.1M | $691.0M | ||
| Q1 25 | $128.5M | $117.0M | ||
| Q4 24 | $248.7M | $830.0M | ||
| Q3 24 | $202.1M | $510.0M | ||
| Q2 24 | $260.8M | $711.0M |
自由现金流MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | $128.8M | $-56.0M | ||
| Q3 25 | $67.7M | $752.0M | ||
| Q2 25 | $137.1M | $634.0M | ||
| Q1 25 | $40.7M | $71.0M | ||
| Q4 24 | $121.7M | $789.0M | ||
| Q3 24 | $65.2M | $460.0M | ||
| Q2 24 | $142.8M | $655.0M |
自由现金流率MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | -1.3% | ||
| Q3 25 | 1.3% | 17.9% | ||
| Q2 25 | 2.7% | 16.5% | ||
| Q1 25 | 0.9% | 1.8% | ||
| Q4 24 | 2.6% | 19.6% | ||
| Q3 24 | 1.2% | 11.5% | ||
| Q2 24 | 2.6% | 17.4% |
资本支出强度MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 1.1% | ||
| Q3 25 | 2.3% | 1.1% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 1.9% | 1.2% | ||
| Q4 24 | 2.7% | 1.0% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.2% | 1.5% |
现金转化率MUSARJF
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | -0.02× | ||
| Q3 25 | 1.42× | 1.32× | ||
| Q2 25 | 1.75× | 1.58× | ||
| Q1 25 | 2.42× | 0.24× | ||
| Q4 24 | 1.75× | 1.38× | ||
| Q3 24 | 1.35× | 0.85× | ||
| Q2 24 | 1.80× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
