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Murphy USA Inc.（MUSA）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是史密斯菲尔德食品的1.2倍（$4.7B vs $3.8B），史密斯菲尔德食品净利率更高（6.6% vs 3.0%，领先3.6%），史密斯菲尔德食品同比增速更快（0.8% vs 0.7%），过去两年史密斯菲尔德食品的营收复合增速更高（5.5% 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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
MUSA vs SFD — 直观对比
营收规模更大
MUSA
是对方的1.2倍
$3.8B
营收增速更快
SFD
高出0.1%
0.7%
净利率更高
SFD
高出3.6%
3.0%
两年增速更快
SFD
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $3.8B |
| 净利润 | $141.9M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 4.4% | 8.8% |
| 净利率 | 3.0% | 6.6% |
| 营收同比 | 0.7% | 0.8% |
| 净利润同比 | -0.4% | 9.7% |
| 每股收益（稀释后） | $7.35 | — |
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MUSASFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.7B | $4.2B | ||
| Q3 25 | $5.1B | $3.7B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $4.5B | $3.8B | ||
| Q4 24 | $4.7B | $4.0B | ||
| Q3 24 | $5.2B | $3.3B | ||
| Q2 24 | $5.5B | $3.4B |
净利润MUSASFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $141.9M | $327.0M | ||
| Q3 25 | $129.9M | $248.0M | ||
| Q2 25 | $145.6M | $188.0M | ||
| Q1 25 | $53.2M | $224.0M | ||
| Q4 24 | $142.5M | $205.0M | ||
| Q3 24 | $149.2M | $291.0M | ||
| Q2 24 | $144.8M | $301.0M |
毛利率MUSASFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 15.4% |
营业利润率MUSASFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 4.4% | 9.5% | ||
| Q3 25 | 3.9% | 8.3% | ||
| Q2 25 | 4.4% | 6.9% | ||
| Q1 25 | 1.9% | 8.5% | ||
| Q4 24 | 4.2% | 8.5% | ||
| Q3 24 | 4.2% | 8.5% | ||
| Q2 24 | 4.0% | 9.8% |
净利率MUSASFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 3.0% | 7.7% | ||
| Q3 25 | 2.5% | 6.6% | ||
| Q2 25 | 2.9% | 5.0% | ||
| Q1 25 | 1.2% | 5.9% | ||
| Q4 24 | 3.0% | 5.2% | ||
| Q3 24 | 2.8% | 8.7% | ||
| Q2 24 | 2.7% | 8.8% |
每股收益（稀释后）MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | $7.35 | $0.83 | ||
| Q3 25 | $6.76 | $0.63 | ||
| Q2 25 | $7.36 | $0.48 | ||
| Q1 25 | $2.63 | $0.57 | ||
| Q4 24 | $6.87 | $0.54 | ||
| Q3 24 | $7.20 | $0.77 | ||
| Q2 24 | $6.92 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $623.5M | $6.9B |
| 总资产 | $4.7B | $12.0B |
| 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MUSASFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $28.9M | — | ||
| Q3 25 | $42.8M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $49.4M | — | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $52.5M | — | ||
| Q2 24 | $79.8M | — |
总债务MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — |
股东权益MUSASFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $623.5M | $6.8B | ||
| Q3 25 | $546.0M | $6.5B | ||
| Q2 25 | $646.1M | $6.3B | ||
| Q1 25 | $719.6M | $6.2B | ||
| Q4 24 | $840.1M | $5.8B | ||
| Q3 24 | $830.1M | — | ||
| Q2 24 | $811.3M | — |
总资产MUSASFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $4.7B | $12.2B | ||
| Q3 25 | $4.7B | $11.5B | ||
| Q2 25 | $4.6B | $11.2B | ||
| Q1 25 | $4.5B | $11.1B | ||
| Q4 24 | $4.5B | $11.1B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
负债/权益比MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 0.29× | ||
| Q3 25 | 4.07× | 0.31× | ||
| Q2 25 | 3.20× | 0.32× | ||
| Q1 25 | 2.74× | 0.32× | ||
| Q4 24 | 2.18× | 0.34× | ||
| 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% | 2.3% |
| 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MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | $245.5M | $938.0M | ||
| Q3 25 | $184.8M | $13.0M | ||
| Q2 25 | $255.1M | $274.0M | ||
| Q1 25 | $128.5M | $-166.0M | ||
| Q4 24 | $248.7M | — | ||
| Q3 24 | $202.1M | — | ||
| Q2 24 | $260.8M | — |
自由现金流MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | $128.8M | $842.0M | ||
| Q3 25 | $67.7M | $-75.0M | ||
| Q2 25 | $137.1M | $196.0M | ||
| Q1 25 | $40.7M | $-245.0M | ||
| Q4 24 | $121.7M | — | ||
| Q3 24 | $65.2M | — | ||
| Q2 24 | $142.8M | — |
自由现金流率MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 19.9% | ||
| Q3 25 | 1.3% | -2.0% | ||
| Q2 25 | 2.7% | 5.2% | ||
| Q1 25 | 0.9% | -6.5% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 2.6% | — |
资本支出强度MUSASFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.5% | 2.3% | ||
| Q3 25 | 2.3% | 2.3% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 1.9% | 2.1% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 2.6% | 2.8% | ||
| Q2 24 | 2.2% | 2.3% |
现金转化率MUSASFD
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | 2.87× | ||
| Q3 25 | 1.42× | 0.05× | ||
| Q2 25 | 1.75× | 1.46× | ||
| Q1 25 | 2.42× | -0.74× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.80× | — |
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% |
SFD
暂无分部数据
