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Murphy USA Inc.（MUSA）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
Block, Inc.的季度营收约是Murphy USA Inc.的1.3倍（$6.3B vs $4.7B），Murphy USA Inc.净利率更高（3.0% vs 1.9%，领先1.1%），Block, Inc.同比增速更快（3.6% vs 0.7%），Block, Inc.自由现金流更多（$579.8M vs $128.8M），过去两年Block, Inc.的营收复合增速更高（2.4% 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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
MUSA vs XYZ — 直观对比
营收规模更大
XYZ
是对方的1.3倍
$4.7B
营收增速更快
XYZ
高出2.9%
0.7%
净利率更高
MUSA
高出1.1%
1.9%
自由现金流更多
XYZ
多$451.0M
$128.8M
两年增速更快
XYZ
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $6.3B |
| 净利润 | $141.9M | $115.8M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 4.4% | 7.8% |
| 净利率 | 3.0% | 1.9% |
| 营收同比 | 0.7% | 3.6% |
| 净利润同比 | -0.4% | -94.1% |
| 每股收益（稀释后） | $7.35 | $0.19 |
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MUSAXYZ
| Q4 25 | $4.7B | $6.3B | ||
| Q3 25 | $5.1B | $6.1B | ||
| Q2 25 | $5.0B | $6.1B | ||
| Q1 25 | $4.5B | $5.8B | ||
| Q4 24 | $4.7B | $6.0B | ||
| Q3 24 | $5.2B | $6.0B | ||
| Q2 24 | $5.5B | $6.2B | ||
| Q1 24 | $4.8B | $6.0B |
净利润MUSAXYZ
| Q4 25 | $141.9M | $115.8M | ||
| Q3 25 | $129.9M | $461.5M | ||
| Q2 25 | $145.6M | $538.5M | ||
| Q1 25 | $53.2M | $189.9M | ||
| Q4 24 | $142.5M | $1.9B | ||
| Q3 24 | $149.2M | $283.8M | ||
| Q2 24 | $144.8M | $195.3M | ||
| Q1 24 | $66.0M | $472.0M |
毛利率MUSAXYZ
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
营业利润率MUSAXYZ
| Q4 25 | 4.4% | 7.8% | ||
| Q3 25 | 3.9% | 6.7% | ||
| Q2 25 | 4.4% | 8.0% | ||
| Q1 25 | 1.9% | 5.7% | ||
| Q4 24 | 4.2% | 0.2% | ||
| Q3 24 | 4.2% | 5.4% | ||
| Q2 24 | 4.0% | 5.0% | ||
| Q1 24 | 2.2% | 4.2% |
净利率MUSAXYZ
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 2.5% | 7.5% | ||
| Q2 25 | 2.9% | 8.9% | ||
| Q1 25 | 1.2% | 3.3% | ||
| Q4 24 | 3.0% | 32.3% | ||
| Q3 24 | 2.8% | 4.7% | ||
| Q2 24 | 2.7% | 3.2% | ||
| Q1 24 | 1.4% | 7.9% |
每股收益（稀释后）MUSAXYZ
| Q4 25 | $7.35 | $0.19 | ||
| Q3 25 | $6.76 | $0.74 | ||
| Q2 25 | $7.36 | $0.87 | ||
| Q1 25 | $2.63 | $0.30 | ||
| Q4 24 | $6.87 | $3.06 | ||
| Q3 24 | $7.20 | $0.45 | ||
| Q2 24 | $6.92 | $0.31 | ||
| Q1 24 | $3.12 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $623.5M | $22.2B |
| 总资产 | $4.7B | $39.5B |
| 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MUSAXYZ
| Q4 25 | $28.9M | $6.6B | ||
| Q3 25 | $42.8M | $8.3B | ||
| Q2 25 | $54.1M | $6.4B | ||
| Q1 25 | $49.4M | $7.1B | ||
| Q4 24 | $47.0M | $8.1B | ||
| Q3 24 | $52.5M | $8.3B | ||
| Q2 24 | $79.8M | $7.8B | ||
| Q1 24 | $56.7M | $5.8B |
总债务MUSAXYZ
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $7.3B | ||
| Q2 25 | $2.1B | $5.1B | ||
| Q1 25 | $2.0B | $5.1B | ||
| Q4 24 | $1.8B | $6.1B | ||
| Q3 24 | $1.8B | $6.1B | ||
| Q2 24 | $1.8B | $6.1B | ||
| Q1 24 | $1.8B | $4.1B |
股东权益MUSAXYZ
| Q4 25 | $623.5M | $22.2B | ||
| Q3 25 | $546.0M | $22.5B | ||
| Q2 25 | $646.1M | $22.2B | ||
| Q1 25 | $719.6M | $21.5B | ||
| Q4 24 | $840.1M | $21.3B | ||
| Q3 24 | $830.1M | $19.9B | ||
| Q2 24 | $811.3M | $19.3B | ||
| Q1 24 | $781.6M | $19.0B |
总资产MUSAXYZ
| Q4 25 | $4.7B | $39.5B | ||
| Q3 25 | $4.7B | $39.2B | ||
| Q2 25 | $4.6B | $36.9B | ||
| Q1 25 | $4.5B | $36.4B | ||
| Q4 24 | $4.5B | $36.8B | ||
| Q3 24 | $4.4B | $36.4B | ||
| Q2 24 | $4.4B | $37.5B | ||
| Q1 24 | $4.3B | $35.6B |
负债/权益比MUSAXYZ
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.07× | 0.32× | ||
| Q2 25 | 3.20× | 0.23× | ||
| Q1 25 | 2.74× | 0.24× | ||
| Q4 24 | 2.18× | 0.29× | ||
| Q3 24 | 2.19× | 0.31× | ||
| Q2 24 | 2.20× | 0.32× | ||
| Q1 24 | 2.28× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $579.8M |
| 自由现金流率自由现金流/营收 | 2.7% | 9.3% |
| 资本支出强度资本支出/营收 | 2.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.73× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $374.3M | $2.4B |
8季度趋势，按日历期对齐
经营现金流MUSAXYZ
| Q4 25 | $245.5M | $621.0M | ||
| Q3 25 | $184.8M | $1.5B | ||
| Q2 25 | $255.1M | $374.3M | ||
| Q1 25 | $128.5M | $133.3M | ||
| Q4 24 | $248.7M | $13.8M | ||
| Q3 24 | $202.1M | $684.8M | ||
| Q2 24 | $260.8M | $519.4M | ||
| Q1 24 | $136.0M | $489.4M |
自由现金流MUSAXYZ
| Q4 25 | $128.8M | $579.8M | ||
| Q3 25 | $67.7M | $1.4B | ||
| Q2 25 | $137.1M | $343.0M | ||
| Q1 25 | $40.7M | $101.5M | ||
| Q4 24 | $121.7M | $-13.2M | ||
| Q3 24 | $65.2M | $628.2M | ||
| Q2 24 | $142.8M | $481.0M | ||
| Q1 24 | $59.8M | $457.4M |
自由现金流率MUSAXYZ
| Q4 25 | 2.7% | 9.3% | ||
| Q3 25 | 1.3% | 22.9% | ||
| Q2 25 | 2.7% | 5.7% | ||
| Q1 25 | 0.9% | 1.8% | ||
| Q4 24 | 2.6% | -0.2% | ||
| Q3 24 | 1.2% | 10.5% | ||
| Q2 24 | 2.6% | 7.8% | ||
| Q1 24 | 1.2% | 7.7% |
资本支出强度MUSAXYZ
| Q4 25 | 2.5% | 0.7% | ||
| Q3 25 | 2.3% | 0.8% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 2.7% | 0.4% | ||
| Q3 24 | 2.6% | 0.9% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 1.6% | 0.5% |
现金转化率MUSAXYZ
| Q4 25 | 1.73× | 5.36× | ||
| Q3 25 | 1.42× | 3.14× | ||
| Q2 25 | 1.75× | 0.70× | ||
| Q1 25 | 2.42× | 0.70× | ||
| Q4 24 | 1.75× | 0.01× | ||
| Q3 24 | 1.35× | 2.41× | ||
| Q2 24 | 1.80× | 2.66× | ||
| Q1 24 | 2.06× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
