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Murphy USA Inc.（MUSA）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.8倍（$4.7B vs $2.7B），Murphy USA Inc.净利率更高（3.0% vs 2.5%，领先0.5%），Rocket Companies, Inc.同比增速更快（52.2% vs 0.7%），Murphy USA Inc.自由现金流更多（$128.8M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
MUSA vs RKT — 直观对比
营收规模更大
MUSA
是对方的1.8倍
$2.7B
营收增速更快
RKT
高出51.4%
0.7%
净利率更高
MUSA
高出0.5%
2.5%
自由现金流更多
MUSA
多$1.4B
$-1.3B
两年增速更快
RKT
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $2.7B |
| 净利润 | $141.9M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.4% | 6.3% |
| 净利率 | 3.0% | 2.5% |
| 营收同比 | 0.7% | 52.2% |
| 净利润同比 | -0.4% | 100.8% |
| 每股收益（稀释后） | $7.35 | $0.10 |
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MUSARKT
| Q4 25 | $4.7B | $2.7B | ||
| Q3 25 | $5.1B | $1.6B | ||
| Q2 25 | $5.0B | $1.4B | ||
| Q1 25 | $4.5B | $1.0B | ||
| Q4 24 | $4.7B | $1.8B | ||
| Q3 24 | $5.2B | $646.9M | ||
| Q2 24 | $5.5B | $1.3B | ||
| Q1 24 | $4.8B | $1.4B |
净利润MUSARKT
| Q4 25 | $141.9M | $68.0M | ||
| Q3 25 | $129.9M | $-123.9M | ||
| Q2 25 | $145.6M | $-1.8M | ||
| Q1 25 | $53.2M | $-10.4M | ||
| Q4 24 | $142.5M | $33.9M | ||
| Q3 24 | $149.2M | $-22.0M | ||
| Q2 24 | $144.8M | $1.3M | ||
| Q1 24 | $66.0M | $16.2M |
毛利率MUSARKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率MUSARKT
| Q4 25 | 4.4% | 6.3% | ||
| Q3 25 | 3.9% | -11.5% | ||
| Q2 25 | 4.4% | 1.8% | ||
| Q1 25 | 1.9% | -21.5% | ||
| Q4 24 | 4.2% | 38.1% | ||
| Q3 24 | 4.2% | -76.9% | ||
| Q2 24 | 4.0% | 14.8% | ||
| Q1 24 | 2.2% | 21.6% |
净利率MUSARKT
| Q4 25 | 3.0% | 2.5% | ||
| Q3 25 | 2.5% | -7.7% | ||
| Q2 25 | 2.9% | -0.1% | ||
| Q1 25 | 1.2% | -1.0% | ||
| Q4 24 | 3.0% | 1.9% | ||
| Q3 24 | 2.8% | -3.4% | ||
| Q2 24 | 2.7% | 0.1% | ||
| Q1 24 | 1.4% | 1.2% |
每股收益（稀释后）MUSARKT
| Q4 25 | $7.35 | $0.10 | ||
| Q3 25 | $6.76 | $-0.06 | ||
| Q2 25 | $7.36 | $-0.01 | ||
| Q1 25 | $2.63 | $-0.08 | ||
| Q4 24 | $6.87 | $0.28 | ||
| Q3 24 | $7.20 | $-0.19 | ||
| Q2 24 | $6.92 | $0.01 | ||
| Q1 24 | $3.12 | $0.11 |
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 | $28.9M | $2.7B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $623.5M | $22.9B |
| 总资产 | $4.7B | $60.7B |
| 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MUSARKT
| Q4 25 | $28.9M | $2.7B | ||
| Q3 25 | $42.8M | $5.8B | ||
| Q2 25 | $54.1M | $5.1B | ||
| Q1 25 | $49.4M | $1.4B | ||
| Q4 24 | $47.0M | $1.3B | ||
| Q3 24 | $52.5M | $1.2B | ||
| Q2 24 | $79.8M | $1.3B | ||
| Q1 24 | $56.7M | $861.4M |
总债务MUSARKT
| 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 | — | ||
| Q1 24 | $1.8B | — |
股东权益MUSARKT
| Q4 25 | $623.5M | $22.9B | ||
| Q3 25 | $546.0M | $8.9B | ||
| Q2 25 | $646.1M | $7.4B | ||
| Q1 25 | $719.6M | $8.6B | ||
| Q4 24 | $840.1M | $9.0B | ||
| Q3 24 | $830.1M | $8.4B | ||
| Q2 24 | $811.3M | $8.8B | ||
| Q1 24 | $781.6M | $8.6B |
总资产MUSARKT
| Q4 25 | $4.7B | $60.7B | ||
| Q3 25 | $4.7B | $33.6B | ||
| Q2 25 | $4.6B | $30.4B | ||
| Q1 25 | $4.5B | $25.3B | ||
| Q4 24 | $4.5B | $24.5B | ||
| Q3 24 | $4.4B | $25.1B | ||
| Q2 24 | $4.4B | $23.6B | ||
| Q1 24 | $4.3B | $22.2B |
负债/权益比MUSARKT
| 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× | — | ||
| Q1 24 | 2.28× | — |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $-1.3B |
| 自由现金流率自由现金流/营收 | 2.7% | -47.2% |
| 资本支出强度资本支出/营收 | 2.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.73× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $374.3M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流MUSARKT
| Q4 25 | $245.5M | $-1.2B | ||
| Q3 25 | $184.8M | $-50.3M | ||
| Q2 25 | $255.1M | $-1.9B | ||
| Q1 25 | $128.5M | $-797.0M | ||
| Q4 24 | $248.7M | $1.8B | ||
| Q3 24 | $202.1M | $-1.3B | ||
| Q2 24 | $260.8M | $-122.3M | ||
| Q1 24 | $136.0M | $-3.0B |
自由现金流MUSARKT
| Q4 25 | $128.8M | $-1.3B | ||
| Q3 25 | $67.7M | $-71.8M | ||
| Q2 25 | $137.1M | $-1.9B | ||
| Q1 25 | $40.7M | $-811.0M | ||
| Q4 24 | $121.7M | $1.8B | ||
| Q3 24 | $65.2M | $-1.4B | ||
| Q2 24 | $142.8M | $-138.3M | ||
| Q1 24 | $59.8M | $-3.0B |
自由现金流率MUSARKT
| Q4 25 | 2.7% | -47.2% | ||
| Q3 25 | 1.3% | -4.5% | ||
| Q2 25 | 2.7% | -137.2% | ||
| Q1 25 | 0.9% | -78.2% | ||
| Q4 24 | 2.6% | 103.1% | ||
| Q3 24 | 1.2% | -209.6% | ||
| Q2 24 | 2.6% | -10.6% | ||
| Q1 24 | 1.2% | -218.7% |
资本支出强度MUSARKT
| Q4 25 | 2.5% | 1.5% | ||
| Q3 25 | 2.3% | 1.3% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 1.9% | 1.4% | ||
| Q4 24 | 2.7% | 1.1% | ||
| Q3 24 | 2.6% | 2.9% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 1.6% | 1.0% |
现金转化率MUSARKT
| Q4 25 | 1.73× | -18.08× | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.42× | — | ||
| Q4 24 | 1.75× | 54.42× | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.80× | -94.46× | ||
| Q1 24 | 2.06× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
