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SiteOne Landscape Supply, Inc.（SITE）与德太投资（TPG）财务数据对比。点击上方公司名可切换其他公司
SiteOne Landscape Supply, Inc.的季度营收约是德太投资的1.5倍（$1.0B vs $715.1M），德太投资净利率更高（10.8% vs -0.9%，领先11.6%），德太投资同比增速更快（35.6% vs 3.2%），过去两年德太投资的营收复合增速更高（18.1% vs 7.5%）
SiteOne Landscape Supply是北美领先的园林景观用品批发分销商，主营灌溉配件、户外照明、硬质景观材料、苗木、园艺工具及相关配件，主要服务专业景观设计师、承包商、高尔夫球场运营方及市政维护团队，在美加拥有广泛的线下门店网络。
TPG Inc.（原称德州太平洋集团、TPG Capital）是总部位于美国得克萨斯州沃斯堡的私募股权投资机构，旗下管理的基金覆盖成长资本、风险投资、公开股权、债权投资等品类，投资领域包含消费零售、传媒电信、工业、科技、旅游休闲、医疗健康等多个赛道。
SITE vs TPG — 直观对比
营收规模更大
SITE
是对方的1.5倍
$715.1M
营收增速更快
TPG
高出32.4%
3.2%
净利率更高
TPG
高出11.6%
-0.9%
两年增速更快
TPG
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $715.1M |
| 净利润 | $-9.0M | $77.1M |
| 毛利率 | 34.1% | — |
| 营业利润率 | -0.5% | — |
| 净利率 | -0.9% | 10.8% |
| 营收同比 | 3.2% | 35.6% |
| 净利润同比 | 58.5% | 494.1% |
| 每股收益（稀释后） | $-0.19 | $0.30 |
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SITETPG
| Q4 25 | $1.0B | $715.1M | ||
| Q3 25 | $1.3B | $596.5M | ||
| Q2 25 | $1.5B | $569.1M | ||
| Q1 25 | $939.4M | $543.5M | ||
| Q4 24 | $1.0B | $527.2M | ||
| Q3 24 | $1.2B | $524.7M | ||
| Q2 24 | $1.4B | $522.8M | ||
| Q1 24 | $904.8M | $512.3M |
净利润SITETPG
| Q4 25 | $-9.0M | $77.1M | ||
| Q3 25 | $59.1M | $67.1M | ||
| Q2 25 | $129.0M | $14.9M | ||
| Q1 25 | $-27.3M | $25.4M | ||
| Q4 24 | $-21.7M | $13.0M | ||
| Q3 24 | $44.4M | $9.0M | ||
| Q2 24 | $120.2M | $-14.0M | ||
| Q1 24 | $-19.3M | $15.5M |
毛利率SITETPG
| Q4 25 | 34.1% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 33.0% | — | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 36.1% | — | ||
| Q1 24 | 33.3% | — |
营业利润率SITETPG
| Q4 25 | -0.5% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 12.0% | — | ||
| Q1 24 | -2.5% | — |
净利率SITETPG
| Q4 25 | -0.9% | 10.8% | ||
| Q3 25 | 4.7% | 11.3% | ||
| Q2 25 | 8.8% | 2.6% | ||
| Q1 25 | -2.9% | 4.7% | ||
| Q4 24 | -2.1% | 2.5% | ||
| Q3 24 | 3.7% | 1.7% | ||
| Q2 24 | 8.5% | -2.7% | ||
| Q1 24 | -2.1% | 3.0% |
每股收益（稀释后）SITETPG
| Q4 25 | $-0.19 | $0.30 | ||
| Q3 25 | $1.31 | $0.20 | ||
| Q2 25 | $2.86 | $-0.05 | ||
| Q1 25 | $-0.61 | $0.00 | ||
| Q4 24 | $-0.46 | $-0.04 | ||
| Q3 24 | $0.97 | $-0.08 | ||
| Q2 24 | $2.63 | $-0.19 | ||
| Q1 24 | $-0.43 | $-0.11 |
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 | $190.6M | $826.1M |
| 总债务越低越好 | $385.4M | $1.7B |
| 股东权益账面价值 | $1.7B | $4.1B |
| 总资产 | $3.2B | $13.5B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资SITETPG
| Q4 25 | $190.6M | $826.1M | ||
| Q3 25 | $106.9M | $1.1B | ||
| Q2 25 | $78.6M | $1.1B | ||
| Q1 25 | $56.6M | $822.0M | ||
| Q4 24 | $107.1M | $808.0M | ||
| Q3 24 | $85.5M | $1.2B | ||
| Q2 24 | $71.9M | $1.1B | ||
| Q1 24 | $41.5M | $1.1B |
总债务SITETPG
| Q4 25 | $385.4M | $1.7B | ||
| Q3 25 | $388.4M | $1.8B | ||
| Q2 25 | $469.9M | $1.6B | ||
| Q1 25 | $503.0M | $1.5B | ||
| Q4 24 | $388.2M | $1.3B | ||
| Q3 24 | $410.6M | $1.3B | ||
| Q2 24 | $480.2M | $1.2B | ||
| Q1 24 | $448.0M | $1.2B |
股东权益SITETPG
| Q4 25 | $1.7B | $4.1B | ||
| Q3 25 | $1.7B | $3.8B | ||
| Q2 25 | $1.6B | $3.6B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.6B | $3.6B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.6B | $3.3B | ||
| Q1 24 | $1.5B | $3.3B |
总资产SITETPG
| Q4 25 | $3.2B | $13.5B | ||
| Q3 25 | $3.3B | $13.0B | ||
| Q2 25 | $3.3B | $12.0B | ||
| Q1 25 | $3.3B | $11.3B | ||
| Q4 24 | $3.1B | $10.5B | ||
| Q3 24 | $3.1B | $10.5B | ||
| Q2 24 | $3.2B | $10.1B | ||
| Q1 24 | $3.0B | $9.9B |
负债/权益比SITETPG
| Q4 25 | 0.23× | 0.42× | ||
| Q3 25 | 0.23× | 0.47× | ||
| Q2 25 | 0.29× | 0.45× | ||
| Q1 25 | 0.32× | 0.42× | ||
| Q4 24 | 0.25× | 0.36× | ||
| Q3 24 | 0.25× | 0.39× | ||
| Q2 24 | 0.30× | 0.37× | ||
| Q1 24 | 0.30× | 0.37× |
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 | $164.8M | $-43.7M |
| 自由现金流经营现金流 - 资本支出 | $150.3M | — |
| 自由现金流率自由现金流/营收 | 14.4% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | -0.57× |
| 过去12个月自由现金流最近4个季度 | $246.8M | — |
8季度趋势，按日历期对齐
经营现金流SITETPG
| Q4 25 | $164.8M | $-43.7M | ||
| Q3 25 | $128.6M | $492.0M | ||
| Q2 25 | $136.7M | $385.9M | ||
| Q1 25 | $-129.6M | $198.2M | ||
| Q4 24 | $119.4M | $-188.1M | ||
| Q3 24 | $115.9M | $68.9M | ||
| Q2 24 | $147.4M | $214.6M | ||
| Q1 24 | $-99.3M | $436.7M |
自由现金流SITETPG
| Q4 25 | $150.3M | — | ||
| Q3 25 | $118.5M | — | ||
| Q2 25 | $122.4M | — | ||
| Q1 25 | $-144.4M | — | ||
| Q4 24 | $109.9M | — | ||
| Q3 24 | $105.9M | — | ||
| Q2 24 | $135.3M | — | ||
| Q1 24 | $-108.2M | — |
自由现金流率SITETPG
| Q4 25 | 14.4% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | -15.4% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | -12.0% | — |
资本支出强度SITETPG
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.0% | — |
现金转化率SITETPG
| Q4 25 | — | -0.57× | ||
| Q3 25 | 2.18× | 7.33× | ||
| Q2 25 | 1.06× | 25.83× | ||
| Q1 25 | — | 7.80× | ||
| Q4 24 | — | -14.49× | ||
| Q3 24 | 2.61× | 7.69× | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | — | 28.14× |
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
SITE
| Landscaping Products | $798.4M | 76% |
| Agronomic | $247.2M | 24% |
TPG
| Management Fees | $484.4M | 68% |
| Transaction Fees | $118.6M | 17% |
| Expense Reimbursements And Other | $76.3M | 11% |
| Incentive Fees | $29.0M | 4% |
| Monitoring Fees | $6.8M | 1% |
