vs
Murphy USA Inc.（MUSA）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.的季度营收约是凯旋的2.0倍（$4.7B vs $2.4B），Murphy USA Inc.净利率更高（3.0% vs 0.3%，领先2.7%），凯旋同比增速更快（2.6% vs 0.7%），过去两年凯旋的营收复合增速更高（377.6% 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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
MUSA vs TFIN — 直观对比
营收规模更大
MUSA
是对方的2.0倍
$2.4B
营收增速更快
TFIN
高出1.9%
0.7%
净利率更高
MUSA
高出2.7%
0.3%
两年增速更快
TFIN
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $2.4B |
| 净利润 | $141.9M | $6.4M |
| 毛利率 | — | 86.1% |
| 营业利润率 | 4.4% | — |
| 净利率 | 3.0% | 0.3% |
| 营收同比 | 0.7% | 2.6% |
| 净利润同比 | -0.4% | -66.9% |
| 每股收益（稀释后） | $7.35 | $0.23 |
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MUSATFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $4.7B | $120.1M | ||
| Q3 25 | $5.1B | $109.3M | ||
| Q2 25 | $5.0B | $108.1M | ||
| Q1 25 | $4.5B | $101.6M | ||
| Q4 24 | $4.7B | $103.6M | ||
| Q3 24 | $5.2B | $106.2M | ||
| Q2 24 | $5.5B | $105.1M |
净利润MUSATFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $141.9M | — | ||
| Q3 25 | $129.9M | $1.7M | ||
| Q2 25 | $145.6M | $4.4M | ||
| Q1 25 | $53.2M | $17.0K | ||
| Q4 24 | $142.5M | $3.8M | ||
| Q3 24 | $149.2M | $5.3M | ||
| Q2 24 | $144.8M | $2.7M |
毛利率MUSATFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 3.9% | 1.2% | ||
| Q2 25 | 4.4% | 7.3% | ||
| Q1 25 | 1.9% | 0.1% | ||
| Q4 24 | 4.2% | 5.6% | ||
| Q3 24 | 4.2% | 5.9% | ||
| Q2 24 | 4.0% | 3.4% |
净利率MUSATFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.5% | 1.6% | ||
| Q2 25 | 2.9% | 4.1% | ||
| Q1 25 | 1.2% | 0.0% | ||
| Q4 24 | 3.0% | 3.7% | ||
| Q3 24 | 2.8% | 5.0% | ||
| Q2 24 | 2.7% | 2.6% |
每股收益（稀释后）MUSATFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $7.35 | — | ||
| Q3 25 | $6.76 | $0.04 | ||
| Q2 25 | $7.36 | $0.15 | ||
| Q1 25 | $2.63 | $-0.03 | ||
| Q4 24 | $6.87 | $0.13 | ||
| Q3 24 | $7.20 | $0.19 | ||
| Q2 24 | $6.92 | $0.08 |
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 | — |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $623.5M | $950.7M |
| 总资产 | $4.7B | $6.9B |
| 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MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $248.5M | ||
| Q3 25 | $42.8M | $147.2M | ||
| Q2 25 | $54.1M | $282.3M | ||
| Q1 25 | $49.4M | $502.9M | ||
| Q4 24 | $47.0M | $330.1M | ||
| Q3 24 | $52.5M | $489.3M | ||
| Q2 24 | $79.8M | $500.7M |
总债务MUSATFIN
| 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MUSATFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $623.5M | $941.8M | ||
| Q3 25 | $546.0M | $919.3M | ||
| Q2 25 | $646.1M | $912.4M | ||
| Q1 25 | $719.6M | $893.9M | ||
| Q4 24 | $840.1M | $890.9M | ||
| Q3 24 | $830.1M | $885.8M | ||
| Q2 24 | $811.3M | $874.2M |
总资产MUSATFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $4.7B | $6.4B | ||
| Q3 25 | $4.7B | $6.4B | ||
| Q2 25 | $4.6B | $6.5B | ||
| Q1 25 | $4.5B | $6.3B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.4B | $5.9B | ||
| Q2 24 | $4.4B | $5.8B |
负债/权益比MUSATFIN
| 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MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | $245.5M | $67.1M | ||
| Q3 25 | $184.8M | $24.4M | ||
| Q2 25 | $255.1M | $9.8M | ||
| Q1 25 | $128.5M | $-3.6M | ||
| Q4 24 | $248.7M | $58.5M | ||
| Q3 24 | $202.1M | $26.6M | ||
| Q2 24 | $260.8M | $21.9M |
自由现金流MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | $128.8M | — | ||
| Q3 25 | $67.7M | $22.4M | ||
| Q2 25 | $137.1M | $6.8M | ||
| Q1 25 | $40.7M | $-7.9M | ||
| Q4 24 | $121.7M | — | ||
| Q3 24 | $65.2M | $25.8M | ||
| Q2 24 | $142.8M | $-31.9M |
自由现金流率MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.3% | 20.5% | ||
| Q2 25 | 2.7% | 6.2% | ||
| Q1 25 | 0.9% | -7.7% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.2% | 24.3% | ||
| Q2 24 | 2.6% | -30.3% |
资本支出强度MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 2.3% | 1.8% | ||
| Q2 25 | 2.4% | 2.8% | ||
| Q1 25 | 1.9% | 4.2% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.6% | 0.8% | ||
| Q2 24 | 2.2% | 51.1% |
现金转化率MUSATFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.73× | — | ||
| Q3 25 | 1.42× | 14.29× | ||
| Q2 25 | 1.75× | 2.22× | ||
| Q1 25 | 2.42× | -212.82× | ||
| Q4 24 | 1.75× | 15.25× | ||
| Q3 24 | 1.35× | 4.97× | ||
| Q2 24 | 1.80× | 7.95× |
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% |
TFIN
暂无分部数据
