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ServiceNow（NOW）与O’Reilly Automotive（ORLY）财务数据对比。点击上方公司名可切换其他公司
O’Reilly Automotive的季度营收约是ServiceNow的1.2倍（$4.4B vs $3.8B），O’Reilly Automotive净利率更高（13.7% vs 12.4%，领先1.3%），O’Reilly Automotive同比增速更快（7.8% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $364.5M），过去两年ServiceNow的营收复合增速更高（19.8% vs 5.4%）
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
O'Reilly Automotive是美国汽车配件零售企业，旗下主打O'Reilly Auto Parts品牌，1957年由奥莱利家族创立。公司面向专业汽修服务商及DIY车主供应汽车零部件、工具、耗材、设备及周边配件，目前在全美48州、波多黎各、墨西哥、加拿大共运营超过6400家门店。
NOW vs ORLY — 直观对比
营收规模更大
ORLY
是对方的1.2倍
$3.8B
营收增速更快
ORLY
高出5.0%
2.8%
净利率更高
ORLY
高出1.3%
12.4%
自由现金流更多
NOW
多$1.3B
$364.5M
两年增速更快
NOW
近两年复合增速
5.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.4B |
| 净利润 | $469.0M | $605.2M |
| 毛利率 | 75.1% | 51.8% |
| 营业利润率 | 13.3% | 18.8% |
| 净利率 | 12.4% | 13.7% |
| 营收同比 | 2.8% | 7.8% |
| 净利润同比 | -53.7% | 9.8% |
| 每股收益（稀释后） | $1.04 | $-8.01 |
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NOWORLY
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $4.4B | ||
| Q3 25 | $3.4B | $4.7B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.1B | $4.1B | ||
| Q4 24 | $3.0B | $4.1B | ||
| Q3 24 | $2.8B | $4.4B | ||
| Q2 24 | $2.6B | $4.3B |
净利润NOWORLY
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $605.2M | ||
| Q3 25 | $502.0M | $725.9M | ||
| Q2 25 | $385.0M | $668.6M | ||
| Q1 25 | $460.0M | $538.5M | ||
| Q4 24 | $384.0M | $551.1M | ||
| Q3 24 | $432.0M | $665.5M | ||
| Q2 24 | $262.0M | $622.8M |
毛利率NOWORLY
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 51.8% | ||
| Q3 25 | 77.3% | 51.9% | ||
| Q2 25 | 77.5% | 51.4% | ||
| Q1 25 | 78.9% | 51.3% | ||
| Q4 24 | 78.7% | 51.3% | ||
| Q3 24 | 79.1% | 51.6% | ||
| Q2 24 | 79.0% | 50.7% |
营业利润率NOWORLY
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 18.8% | ||
| Q3 25 | 16.8% | 20.7% | ||
| Q2 25 | 11.1% | 20.2% | ||
| Q1 25 | 14.6% | 17.9% | ||
| Q4 24 | 12.6% | 18.0% | ||
| Q3 24 | 14.9% | 20.5% | ||
| Q2 24 | 9.1% | 20.2% |
净利率NOWORLY
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | 13.7% | ||
| Q3 25 | 14.7% | 15.4% | ||
| Q2 25 | 12.0% | 14.8% | ||
| Q1 25 | 14.9% | 13.0% | ||
| Q4 24 | 13.0% | 13.5% | ||
| Q3 24 | 15.4% | 15.2% | ||
| Q2 24 | 10.0% | 14.6% |
每股收益（稀释后）NOWORLY
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $-8.01 | ||
| Q3 25 | $2.40 | $0.85 | ||
| Q2 25 | $1.84 | $0.78 | ||
| Q1 25 | $2.20 | $9.35 | ||
| Q4 24 | $1.84 | $9.50 | ||
| Q3 24 | $2.07 | $11.41 | ||
| Q2 24 | $1.26 | $10.55 |
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 | $2.7B | $193.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $-763.4M |
| 总资产 | $24.4B | $16.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NOWORLY
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $193.8M | ||
| Q3 25 | $2.7B | $204.5M | ||
| Q2 25 | $3.1B | $198.6M | ||
| Q1 25 | $3.4B | $191.2M | ||
| Q4 24 | $2.3B | $130.2M | ||
| Q3 24 | $1.9B | $115.6M | ||
| Q2 24 | $2.2B | $145.0M |
股东权益NOWORLY
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $-763.4M | ||
| Q3 25 | $11.3B | $-894.7M | ||
| Q2 25 | $10.9B | $-1.2B | ||
| Q1 25 | $10.1B | $-1.4B | ||
| Q4 24 | $9.6B | $-1.4B | ||
| Q3 24 | $9.3B | $-1.4B | ||
| Q2 24 | $8.7B | $-1.6B |
总资产NOWORLY
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $16.5B | ||
| Q3 25 | $21.8B | $16.3B | ||
| Q2 25 | $22.1B | $15.8B | ||
| Q1 25 | $21.0B | $15.3B | ||
| Q4 24 | $20.4B | $14.9B | ||
| Q3 24 | $18.4B | $14.6B | ||
| Q2 24 | $18.2B | $14.4B |
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 | $1.7B | $633.5M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $364.5M |
| 自由现金流率自由现金流/营收 | 44.2% | 8.3% |
| 资本支出强度资本支出/营收 | — | 6.1% |
| 现金转化率经营现金流/净利润 | 3.56× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $1.6B |
8季度趋势，按日历期对齐
经营现金流NOWORLY
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $633.5M | ||
| Q3 25 | $813.0M | $616.5M | ||
| Q2 25 | $716.0M | $756.8M | ||
| Q1 25 | $1.7B | $755.1M | ||
| Q4 24 | $1.6B | $624.5M | ||
| Q3 24 | $671.0M | $772.0M | ||
| Q2 24 | $620.0M | $948.9M |
自由现金流NOWORLY
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $364.5M | ||
| Q3 25 | $578.0M | $304.4M | ||
| Q2 25 | $526.0M | $456.1M | ||
| Q1 25 | $1.5B | $468.2M | ||
| Q4 24 | $1.4B | $334.0M | ||
| Q3 24 | $469.0M | $513.7M | ||
| Q2 24 | $358.0M | $723.5M |
自由现金流率NOWORLY
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 8.3% | ||
| Q3 25 | 17.0% | 6.5% | ||
| Q2 25 | 16.4% | 10.1% | ||
| Q1 25 | 47.7% | 11.3% | ||
| Q4 24 | 46.7% | 8.2% | ||
| Q3 24 | 16.8% | 11.8% | ||
| Q2 24 | 13.6% | 16.9% |
资本支出强度NOWORLY
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 6.1% | ||
| Q3 25 | 6.9% | 6.6% | ||
| Q2 25 | 5.9% | 6.6% | ||
| Q1 25 | 6.6% | 6.9% | ||
| Q4 24 | 8.6% | 7.1% | ||
| Q3 24 | 7.2% | 5.9% | ||
| Q2 24 | 10.0% | 5.3% |
现金转化率NOWORLY
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 1.05× | ||
| Q3 25 | 1.62× | 0.85× | ||
| Q2 25 | 1.86× | 1.13× | ||
| Q1 25 | 3.65× | 1.40× | ||
| Q4 24 | 4.26× | 1.13× | ||
| Q3 24 | 1.55× | 1.16× | ||
| Q2 24 | 2.37× | 1.52× |
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
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
ORLY
| DIY Customer | $2.2B | 49% |
| Professional Service Provider Customer | $2.1B | 49% |
| Other Customers And Sales Adjustments | $84.4M | 2% |
