vs
Murphy USA Inc.（MUSA）与SONIC AUTOMOTIVE INC（SAH）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SONIC AUTOMOTIVE INC的1.2倍（$4.7B vs $3.9B），Murphy USA Inc.净利率更高（3.0% vs 1.2%，领先1.8%），Murphy USA Inc.同比增速更快（0.7% vs -0.6%），Murphy USA Inc.自由现金流更多（$128.8M vs $-195.6M），过去两年SONIC AUTOMOTIVE INC的营收复合增速更高（7.0% 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。
Sonic Automotive是财富世界500强企业，总部位于北卡罗来纳州夏洛特，按营收计算是美国第五大汽车零售商。公司由O·布鲁顿·史密斯创立，1997年在纽约证券交易所完成首次公开募股。
MUSA vs SAH — 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
MUSA
高出1.3%
-0.6%
净利率更高
MUSA
高出1.8%
1.2%
自由现金流更多
MUSA
多$324.4M
$-195.6M
两年增速更快
SAH
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.9B |
| 净利润 | $141.9M | $46.9M |
| 毛利率 | — | 15.5% |
| 营业利润率 | 4.4% | 3.2% |
| 净利率 | 3.0% | 1.2% |
| 营收同比 | 0.7% | -0.6% |
| 净利润同比 | -0.4% | -20.0% |
| 每股收益（稀释后） | $7.35 | $1.39 |
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MUSASAH
| Q4 25 | $4.7B | $3.9B | ||
| Q3 25 | $5.1B | $4.0B | ||
| Q2 25 | $5.0B | $3.7B | ||
| Q1 25 | $4.5B | $3.7B | ||
| Q4 24 | $4.7B | $3.9B | ||
| Q3 24 | $5.2B | $3.5B | ||
| Q2 24 | $5.5B | $3.5B | ||
| Q1 24 | $4.8B | $3.4B |
净利润MUSASAH
| Q4 25 | $141.9M | $46.9M | ||
| Q3 25 | $129.9M | $46.8M | ||
| Q2 25 | $145.6M | $-45.6M | ||
| Q1 25 | $53.2M | $70.6M | ||
| Q4 24 | $142.5M | $58.6M | ||
| Q3 24 | $149.2M | $74.2M | ||
| Q2 24 | $144.8M | $41.2M | ||
| Q1 24 | $66.0M | $42.0M |
毛利率MUSASAH
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 15.8% |
营业利润率MUSASAH
| Q4 25 | 4.4% | 3.2% | ||
| Q3 25 | 3.9% | 3.1% | ||
| Q2 25 | 4.4% | -0.6% | ||
| Q1 25 | 1.9% | 4.0% | ||
| Q4 24 | 4.2% | 3.4% | ||
| Q3 24 | 4.2% | 3.3% | ||
| Q2 24 | 4.0% | 3.1% | ||
| Q1 24 | 2.2% | 3.2% |
净利率MUSASAH
| Q4 25 | 3.0% | 1.2% | ||
| Q3 25 | 2.5% | 1.2% | ||
| Q2 25 | 2.9% | -1.2% | ||
| Q1 25 | 1.2% | 1.9% | ||
| Q4 24 | 3.0% | 1.5% | ||
| Q3 24 | 2.8% | 2.1% | ||
| Q2 24 | 2.7% | 1.2% | ||
| Q1 24 | 1.4% | 1.2% |
每股收益（稀释后）MUSASAH
| Q4 25 | $7.35 | $1.39 | ||
| Q3 25 | $6.76 | $1.33 | ||
| Q2 25 | $7.36 | $-1.34 | ||
| Q1 25 | $2.63 | $2.04 | ||
| Q4 24 | $6.87 | $1.67 | ||
| Q3 24 | $7.20 | $2.13 | ||
| Q2 24 | $6.92 | $1.18 | ||
| Q1 24 | $3.12 | $1.20 |
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 | $6.3M |
| 总债务越低越好 | $2.2B | $1.6B |
| 股东权益账面价值 | $623.5M | $1.1B |
| 总资产 | $4.7B | $6.0B |
| 负债/权益比越低杠杆越低 | 3.47× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资MUSASAH
| Q4 25 | $28.9M | $6.3M | ||
| Q3 25 | $42.8M | $89.4M | ||
| Q2 25 | $54.1M | $110.4M | ||
| Q1 25 | $49.4M | $64.6M | ||
| Q4 24 | $47.0M | $44.0M | ||
| Q3 24 | $52.5M | $17.6M | ||
| Q2 24 | $79.8M | $67.2M | ||
| Q1 24 | $56.7M | $15.1M |
总债务MUSASAH
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.8B | $1.7B |
股东权益MUSASAH
| Q4 25 | $623.5M | $1.1B | ||
| Q3 25 | $546.0M | $1.1B | ||
| Q2 25 | $646.1M | $1.0B | ||
| Q1 25 | $719.6M | $1.1B | ||
| Q4 24 | $840.1M | $1.1B | ||
| Q3 24 | $830.1M | $1.0B | ||
| Q2 24 | $811.3M | $944.7M | ||
| Q1 24 | $781.6M | $904.4M |
总资产MUSASAH
| Q4 25 | $4.7B | $6.0B | ||
| Q3 25 | $4.7B | $6.0B | ||
| Q2 25 | $4.6B | $5.9B | ||
| Q1 25 | $4.5B | $5.9B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.4B | $5.8B | ||
| Q2 24 | $4.4B | $5.8B | ||
| Q1 24 | $4.3B | $5.4B |
负债/权益比MUSASAH
| Q4 25 | 3.47× | 1.51× | ||
| Q3 25 | 4.07× | 1.39× | ||
| Q2 25 | 3.20× | 1.48× | ||
| Q1 25 | 2.74× | 1.44× | ||
| Q4 24 | 2.18× | 1.49× | ||
| Q3 24 | 2.19× | 1.67× | ||
| Q2 24 | 2.20× | 1.81× | ||
| Q1 24 | 2.28× | 1.83× |
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 | $66.9M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $-195.6M |
| 自由现金流率自由现金流/营收 | 2.7% | -5.1% |
| 资本支出强度资本支出/营收 | 2.5% | 6.8% |
| 现金转化率经营现金流/净利润 | 1.73× | 1.43× |
| 过去12个月自由现金流最近4个季度 | $374.3M | $192.3M |
8季度趋势，按日历期对齐
经营现金流MUSASAH
| Q4 25 | $245.5M | $66.9M | ||
| Q3 25 | $184.8M | $167.9M | ||
| Q2 25 | $255.1M | $136.8M | ||
| Q1 25 | $128.5M | $195.8M | ||
| Q4 24 | $248.7M | $87.7M | ||
| Q3 24 | $202.1M | $87.8M | ||
| Q2 24 | $260.8M | $-136.4M | ||
| Q1 24 | $136.0M | $70.1M |
自由现金流MUSASAH
| Q4 25 | $128.8M | $-195.6M | ||
| Q3 25 | $67.7M | $134.4M | ||
| Q2 25 | $137.1M | $102.7M | ||
| Q1 25 | $40.7M | $150.8M | ||
| Q4 24 | $121.7M | $-245.5M | ||
| Q3 24 | $65.2M | $34.5M | ||
| Q2 24 | $142.8M | $-185.2M | ||
| Q1 24 | $59.8M | $26.3M |
自由现金流率MUSASAH
| Q4 25 | 2.7% | -5.1% | ||
| Q3 25 | 1.3% | 3.4% | ||
| Q2 25 | 2.7% | 2.8% | ||
| Q1 25 | 0.9% | 4.1% | ||
| Q4 24 | 2.6% | -6.3% | ||
| Q3 24 | 1.2% | 1.0% | ||
| Q2 24 | 2.6% | -5.4% | ||
| Q1 24 | 1.2% | 0.8% |
资本支出强度MUSASAH
| Q4 25 | 2.5% | 6.8% | ||
| Q3 25 | 2.3% | 0.8% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 1.9% | 1.2% | ||
| Q4 24 | 2.7% | 8.6% | ||
| Q3 24 | 2.6% | 1.5% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率MUSASAH
| Q4 25 | 1.73× | 1.43× | ||
| Q3 25 | 1.42× | 3.59× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.42× | 2.77× | ||
| Q4 24 | 1.75× | 1.50× | ||
| Q3 24 | 1.35× | 1.18× | ||
| Q2 24 | 1.80× | -3.31× | ||
| Q1 24 | 2.06× | 1.67× |
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% |
SAH
| Retail New Vehicles | $1.9B | 48% |
| Other | $1.2B | 31% |
| Parts Serviceand Collision Repair | $515.2M | 13% |
| Finance Insurance And Other Net | $202.2M | 5% |
| Wholesale Vehicles | $63.9M | 2% |
| Fleet New Vehicles | $24.0M | 1% |
