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STANDARD MOTOR PRODUCTS, INC.（SMP）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
罗塞塔石碑的季度营收约是STANDARD MOTOR PRODUCTS, INC.的1.5倍（$586.5M vs $385.1M），STANDARD MOTOR PRODUCTS, INC.净利率更高（2.0% vs -21.0%，领先23.1%），罗塞塔石碑同比增速更快（73.0% vs 12.2%），罗塞塔石碑自由现金流更多（$26.7M vs $-37.6M），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs 7.8%）
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
SMP vs STEP — 直观对比
营收规模更大
STEP
是对方的1.5倍
$385.1M
营收增速更快
STEP
高出60.8%
12.2%
净利率更高
SMP
高出23.1%
-21.0%
自由现金流更多
STEP
多$64.4M
$-37.6M
两年增速更快
STEP
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $586.5M |
| 净利润 | $7.9M | $-123.5M |
| 毛利率 | 31.7% | — |
| 营业利润率 | 5.6% | -33.2% |
| 净利率 | 2.0% | -21.0% |
| 营收同比 | 12.2% | 73.0% |
| 净利润同比 | 457.9% | 35.7% |
| 每股收益（稀释后） | $0.34 | $-1.55 |
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SMPSTEP
| Q4 25 | $385.1M | $586.5M | ||
| Q3 25 | $498.8M | $454.2M | ||
| Q2 25 | $493.9M | $364.3M | ||
| Q1 25 | $413.4M | $377.7M | ||
| Q4 24 | $343.4M | $339.0M | ||
| Q3 24 | $399.3M | $271.7M | ||
| Q2 24 | $389.8M | $186.4M | ||
| Q1 24 | $331.4M | $356.8M |
净利润SMPSTEP
| Q4 25 | $7.9M | $-123.5M | ||
| Q3 25 | $-4.3M | $-366.1M | ||
| Q2 25 | $25.2M | $-38.4M | ||
| Q1 25 | $12.6M | $-18.5M | ||
| Q4 24 | $-2.2M | $-192.0M | ||
| Q3 24 | $3.8M | $17.6M | ||
| Q2 24 | $17.1M | $13.3M | ||
| Q1 24 | $8.8M | $30.8M |
毛利率SMPSTEP
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 28.6% | — | ||
| Q1 24 | 27.0% | — |
营业利润率SMPSTEP
| Q4 25 | 5.6% | -33.2% | ||
| Q3 25 | 9.5% | -148.8% | ||
| Q2 25 | 8.7% | -5.6% | ||
| Q1 25 | 5.9% | 2.6% | ||
| Q4 24 | 1.1% | -101.7% | ||
| Q3 24 | 9.3% | 21.3% | ||
| Q2 24 | 6.4% | 29.4% | ||
| Q1 24 | 4.4% | 26.5% |
净利率SMPSTEP
| Q4 25 | 2.0% | -21.0% | ||
| Q3 25 | -0.9% | -80.6% | ||
| Q2 25 | 5.1% | -10.5% | ||
| Q1 25 | 3.0% | -4.9% | ||
| Q4 24 | -0.6% | -56.6% | ||
| Q3 24 | 1.0% | 6.5% | ||
| Q2 24 | 4.4% | 7.2% | ||
| Q1 24 | 2.7% | 8.6% |
每股收益（稀释后）SMPSTEP
| Q4 25 | $0.34 | $-1.55 | ||
| Q3 25 | $-0.19 | $-4.66 | ||
| Q2 25 | $1.13 | $-0.49 | ||
| Q1 25 | $0.56 | $-0.37 | ||
| Q4 24 | $-0.09 | $-2.61 | ||
| Q3 24 | $0.17 | $0.26 | ||
| Q2 24 | $0.77 | $0.20 | ||
| Q1 24 | $0.39 | $0.47 |
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 | — | — |
| 总债务越低越好 | $618.7M | $270.2M |
| 股东权益账面价值 | $683.7M | $-378.8M |
| 总资产 | $2.0B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.90× | — |
8季度趋势，按日历期对齐
现金及短期投资SMPSTEP
| Q4 25 | — | — | ||
| Q3 25 | $87.2M | — | ||
| Q2 25 | $58.8M | — | ||
| Q1 25 | $50.3M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $26.3M | — | ||
| Q2 24 | $26.2M | — | ||
| Q1 24 | $27.1M | — |
总债务SMPSTEP
| Q4 25 | $618.7M | $270.2M | ||
| Q3 25 | $589.5M | $269.9M | ||
| Q2 25 | $636.6M | $269.6M | ||
| Q1 25 | $650.6M | $269.3M | ||
| Q4 24 | $562.3M | $168.9M | ||
| Q3 24 | $142.8M | $172.3M | ||
| Q2 24 | $208.2M | $172.1M | ||
| Q1 24 | $214.9M | $148.8M |
股东权益SMPSTEP
| Q4 25 | $683.7M | $-378.8M | ||
| Q3 25 | $677.4M | $-233.5M | ||
| Q2 25 | $688.6M | $153.9M | ||
| Q1 25 | $638.0M | $179.4M | ||
| Q4 24 | $615.7M | $209.8M | ||
| Q3 24 | $638.8M | $397.5M | ||
| Q2 24 | $640.0M | $366.9M | ||
| Q1 24 | $639.1M | $324.5M |
总资产SMPSTEP
| Q4 25 | $2.0B | $5.2B | ||
| Q3 25 | $2.0B | $5.3B | ||
| Q2 25 | $2.0B | $4.8B | ||
| Q1 25 | $1.9B | $4.6B | ||
| Q4 24 | $1.8B | $4.3B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.4B | $3.8B | ||
| Q1 24 | $1.4B | $3.8B |
负债/权益比SMPSTEP
| Q4 25 | 0.90× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.92× | 1.75× | ||
| Q1 25 | 1.02× | 1.50× | ||
| Q4 24 | 0.91× | 0.81× | ||
| Q3 24 | 0.22× | 0.43× | ||
| Q2 24 | 0.33× | 0.47× | ||
| Q1 24 | 0.34× | 0.46× |
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 | $-28.2M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $-37.6M | $26.7M |
| 自由现金流率自由现金流/营收 | -9.8% | 4.6% |
| 资本支出强度资本支出/营收 | 2.4% | 0.1% |
| 现金转化率经营现金流/净利润 | -3.59× | — |
| 过去12个月自由现金流最近4个季度 | $18.7M | $18.6M |
8季度趋势，按日历期对齐
经营现金流SMPSTEP
| Q4 25 | $-28.2M | $27.2M | ||
| Q3 25 | $91.6M | $16.2M | ||
| Q2 25 | $54.3M | $46.3M | ||
| Q1 25 | $-60.2M | $-66.5M | ||
| Q4 24 | $-1.5M | $27.6M | ||
| Q3 24 | $88.3M | $53.7M | ||
| Q2 24 | $35.6M | $50.2M | ||
| Q1 24 | $-45.7M | $7.6M |
自由现金流SMPSTEP
| Q4 25 | $-37.6M | $26.7M | ||
| Q3 25 | $81.5M | $15.9M | ||
| Q2 25 | $44.2M | $45.2M | ||
| Q1 25 | $-69.4M | $-69.2M | ||
| Q4 24 | $-11.4M | $27.0M | ||
| Q3 24 | $77.1M | $52.4M | ||
| Q2 24 | $22.7M | $49.6M | ||
| Q1 24 | $-55.8M | $6.7M |
自由现金流率SMPSTEP
| Q4 25 | -9.8% | 4.6% | ||
| Q3 25 | 16.3% | 3.5% | ||
| Q2 25 | 8.9% | 12.4% | ||
| Q1 25 | -16.8% | -18.3% | ||
| Q4 24 | -3.3% | 8.0% | ||
| Q3 24 | 19.3% | 19.3% | ||
| Q2 24 | 5.8% | 26.6% | ||
| Q1 24 | -16.8% | 1.9% |
资本支出强度SMPSTEP
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 2.1% | 0.3% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 2.9% | 0.2% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.3% | 0.3% | ||
| Q1 24 | 3.0% | 0.3% |
现金转化率SMPSTEP
| Q4 25 | -3.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.15× | — | ||
| Q1 25 | -4.79× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.19× | 3.05× | ||
| Q2 24 | 2.09× | 3.76× | ||
| Q1 24 | -5.18× | 0.25× |
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
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
