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帕卡（PCAR）与US Foods Holding Corp.（USFD）财务数据对比。点击上方公司名可切换其他公司
US Foods Holding Corp.的季度营收约是帕卡的1.4倍（$9.8B vs $6.8B），帕卡净利率更高（8.2% vs 1.9%，领先6.3%），US Foods Holding Corp.同比增速更快（3.3% vs -13.7%），帕卡自由现金流更多（$954.4M vs $159.0M），过去两年US Foods Holding Corp.的营收复合增速更高（4.6% vs -11.7%）
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
PCAR vs USFD — 直观对比
营收规模更大
USFD
是对方的1.4倍
$6.8B
营收增速更快
USFD
高出17.0%
-13.7%
净利率更高
PCAR
高出6.3%
1.9%
自由现金流更多
PCAR
多$795.4M
$159.0M
两年增速更快
USFD
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $9.8B |
| 净利润 | $556.9M | $184.0M |
| 毛利率 | 19.3% | 17.6% |
| 营业利润率 | 10.3% | 3.3% |
| 净利率 | 8.2% | 1.9% |
| 营收同比 | -13.7% | 3.3% |
| 净利润同比 | -36.1% | 178.8% |
| 每股收益（稀释后） | $1.06 | $0.82 |
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PCARUSFD
| Q4 25 | $6.8B | $9.8B | ||
| Q3 25 | $6.7B | $10.2B | ||
| Q2 25 | $7.5B | $10.1B | ||
| Q1 25 | $7.4B | $9.4B | ||
| Q4 24 | $7.9B | $9.5B | ||
| Q3 24 | $8.2B | $9.7B | ||
| Q2 24 | $8.8B | $9.7B | ||
| Q1 24 | $8.7B | $8.9B |
净利润PCARUSFD
| Q4 25 | $556.9M | $184.0M | ||
| Q3 25 | $590.0M | $153.0M | ||
| Q2 25 | $723.8M | $224.0M | ||
| Q1 25 | $505.1M | $115.0M | ||
| Q4 24 | $872.0M | $66.0M | ||
| Q3 24 | $972.1M | $148.0M | ||
| Q2 24 | $1.1B | $198.0M | ||
| Q1 24 | $1.2B | $82.0M |
毛利率PCARUSFD
| Q4 25 | 19.3% | 17.6% | ||
| Q3 25 | 19.9% | 17.2% | ||
| Q2 25 | 20.2% | 17.6% | ||
| Q1 25 | 20.8% | 17.3% | ||
| Q4 24 | 21.6% | 17.6% | ||
| Q3 24 | 22.0% | 17.1% | ||
| Q2 24 | 22.8% | 17.6% | ||
| Q1 24 | 23.7% | 16.7% |
营业利润率PCARUSFD
| Q4 25 | 10.3% | 3.3% | ||
| Q3 25 | 11.1% | 2.8% | ||
| Q2 25 | 12.4% | 3.7% | ||
| Q1 25 | 8.6% | 2.4% | ||
| Q4 24 | 14.5% | 3.2% | ||
| Q3 24 | 15.2% | 2.9% | ||
| Q2 24 | 16.7% | 3.6% | ||
| Q1 24 | 17.5% | 1.8% |
净利率PCARUSFD
| Q4 25 | 8.2% | 1.9% | ||
| Q3 25 | 8.8% | 1.5% | ||
| Q2 25 | 9.6% | 2.2% | ||
| Q1 25 | 6.8% | 1.2% | ||
| Q4 24 | 11.0% | 0.7% | ||
| Q3 24 | 11.8% | 1.5% | ||
| Q2 24 | 12.8% | 2.0% | ||
| Q1 24 | 13.7% | 0.9% |
每股收益（稀释后）PCARUSFD
| Q4 25 | $1.06 | $0.82 | ||
| Q3 25 | $1.12 | $0.67 | ||
| Q2 25 | $1.37 | $0.96 | ||
| Q1 25 | $0.96 | $0.49 | ||
| Q4 24 | $1.65 | $0.28 | ||
| Q3 24 | $1.85 | $0.61 | ||
| Q2 24 | $2.13 | $0.80 | ||
| Q1 24 | $2.27 | $0.33 |
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 | — | $41.0M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $19.3B | $4.3B |
| 总资产 | $44.3B | $13.9B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资PCARUSFD
| Q4 25 | — | $41.0M | ||
| Q3 25 | — | $56.0M | ||
| Q2 25 | — | $61.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | — | $59.0M | ||
| Q3 24 | — | $81.0M | ||
| Q2 24 | — | $405.0M | ||
| Q1 24 | — | $267.0M |
总债务PCARUSFD
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $4.6B |
股东权益PCARUSFD
| Q4 25 | $19.3B | $4.3B | ||
| Q3 25 | $19.4B | $4.5B | ||
| Q2 25 | $18.9B | $4.6B | ||
| Q1 25 | $18.0B | $4.6B | ||
| Q4 24 | $17.5B | $4.5B | ||
| Q3 24 | $18.7B | $4.6B | ||
| Q2 24 | $17.7B | $5.0B | ||
| Q1 24 | $16.9B | $4.8B |
总资产PCARUSFD
| Q4 25 | $44.3B | $13.9B | ||
| Q3 25 | $44.2B | $14.0B | ||
| Q2 25 | $44.1B | $13.8B | ||
| Q1 25 | $42.7B | $13.7B | ||
| Q4 24 | $43.4B | $13.4B | ||
| Q3 24 | $43.3B | $13.5B | ||
| Q2 24 | $41.2B | $13.7B | ||
| Q1 24 | $40.4B | $13.4B |
负债/权益比PCARUSFD
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.95× |
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 | $1.1B | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $954.4M | $159.0M |
| 自由现金流率自由现金流/营收 | 14.0% | 1.6% |
| 资本支出强度资本支出/营收 | 2.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.05× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $959.0M |
8季度趋势，按日历期对齐
经营现金流PCARUSFD
| Q4 25 | $1.1B | $293.0M | ||
| Q3 25 | $1.5B | $351.0M | ||
| Q2 25 | $833.4M | $334.0M | ||
| Q1 25 | $910.3M | $391.0M | ||
| Q4 24 | $1.4B | $283.0M | ||
| Q3 24 | $1.3B | $270.0M | ||
| Q2 24 | $440.0M | $482.0M | ||
| Q1 24 | $1.5B | $139.0M |
自由现金流PCARUSFD
| Q4 25 | $954.4M | $159.0M | ||
| Q3 25 | $1.4B | $236.0M | ||
| Q2 25 | $611.3M | $257.0M | ||
| Q1 25 | $745.2M | $307.0M | ||
| Q4 24 | $1.2B | $178.0M | ||
| Q3 24 | $1.1B | $190.0M | ||
| Q2 24 | $219.7M | $413.0M | ||
| Q1 24 | $1.3B | $52.0M |
自由现金流率PCARUSFD
| Q4 25 | 14.0% | 1.6% | ||
| Q3 25 | 20.4% | 2.3% | ||
| Q2 25 | 8.1% | 2.5% | ||
| Q1 25 | 10.0% | 3.3% | ||
| Q4 24 | 15.3% | 1.9% | ||
| Q3 24 | 13.3% | 2.0% | ||
| Q2 24 | 2.5% | 4.3% | ||
| Q1 24 | 14.6% | 0.6% |
资本支出强度PCARUSFD
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | 3.0% | 0.8% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 3.0% | 1.1% | ||
| Q3 24 | 2.4% | 0.8% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 2.2% | 1.0% |
现金转化率PCARUSFD
| Q4 25 | 2.05× | 1.59× | ||
| Q3 25 | 2.59× | 2.29× | ||
| Q2 25 | 1.15× | 1.49× | ||
| Q1 25 | 1.80× | 3.40× | ||
| Q4 24 | 1.66× | 4.29× | ||
| Q3 24 | 1.32× | 1.82× | ||
| Q2 24 | 0.39× | 2.43× | ||
| Q1 24 | 1.23× | 1.70× |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
