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TIC Solutions, Inc.（TIC）与胜牌（VVV）财务数据对比。点击上方公司名可切换其他公司
TIC Solutions, Inc.的季度营收约是胜牌的1.1倍（$508.3M vs $461.8M），胜牌净利率更高（-7.1% vs -9.3%，领先2.2%），TIC Solutions, Inc.自由现金流更多（$37.1M vs $7.4M）
胜牌公司是总部位于美国肯塔基州列克星敦的汽车零售服务企业，授权推出多款胜牌 branded 的车用机油、添加剂及润滑油产品，旗下拥有胜牌即时换油、加拿大卓越换油、胜牌快速护理等汽车维修连锁品牌。截至2023年，胜牌是美国第二大换油服务提供商，市场份额达10%，门店数量超1650家。
TIC vs VVV — 直观对比
营收规模更大
TIC
是对方的1.1倍
$461.8M
净利率更高
VVV
高出2.2%
-9.3%
自由现金流更多
TIC
多$29.7M
$7.4M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $508.3M | $461.8M |
| 净利润 | $-47.2M | $-32.8M |
| 毛利率 | 35.2% | 37.4% |
| 营业利润率 | -3.8% | 4.0% |
| 净利率 | -9.3% | -7.1% |
| 营收同比 | — | 11.5% |
| 净利润同比 | — | -135.8% |
| 每股收益（稀释后） | — | $-0.26 |
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TICVVV
| Q4 25 | $508.3M | $461.8M | ||
| Q3 25 | $473.9M | $453.8M | ||
| Q2 25 | $313.9M | $439.0M | ||
| Q1 25 | $234.2M | $403.2M | ||
| Q4 24 | — | $414.3M | ||
| Q3 24 | — | $435.5M | ||
| Q2 24 | — | $421.4M | ||
| Q1 24 | — | $388.7M |
净利润TICVVV
| Q4 25 | $-47.2M | $-32.8M | ||
| Q3 25 | $-13.9M | $25.0M | ||
| Q2 25 | $-233.0K | $56.5M | ||
| Q1 25 | $-25.8M | $37.6M | ||
| Q4 24 | — | $91.6M | ||
| Q3 24 | — | $92.3M | ||
| Q2 24 | — | $45.9M | ||
| Q1 24 | — | $41.4M |
毛利率TICVVV
| Q4 25 | 35.2% | 37.4% | ||
| Q3 25 | 32.2% | 39.1% | ||
| Q2 25 | 23.6% | 40.5% | ||
| Q1 25 | 18.6% | 37.3% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 39.7% | ||
| Q1 24 | — | 37.6% |
营业利润率TICVVV
| Q4 25 | -3.8% | 4.0% | ||
| Q3 25 | -1.4% | 18.6% | ||
| Q2 25 | 5.8% | 21.6% | ||
| Q1 25 | -4.0% | 16.6% | ||
| Q4 24 | — | 34.7% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 22.2% | ||
| Q1 24 | — | 19.7% |
净利率TICVVV
| Q4 25 | -9.3% | -7.1% | ||
| Q3 25 | -2.9% | 5.5% | ||
| Q2 25 | -0.1% | 12.9% | ||
| Q1 25 | -11.0% | 9.3% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | 10.7% |
每股收益（稀释后）TICVVV
| Q4 25 | — | $-0.26 | ||
| Q3 25 | $-0.08 | $0.20 | ||
| Q2 25 | — | $0.44 | ||
| Q1 25 | — | $0.29 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $0.32 |
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 | $439.5M | $69.9M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $2.2B | $307.6M |
| 总资产 | $4.4B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资TICVVV
| Q4 25 | $439.5M | $69.9M | ||
| Q3 25 | $164.4M | $51.6M | ||
| Q2 25 | $130.1M | $68.3M | ||
| Q1 25 | $155.7M | $61.9M | ||
| Q4 24 | — | $60.0M | ||
| Q3 24 | — | $68.3M | ||
| Q2 24 | — | $65.7M | ||
| Q1 24 | — | $494.5M |
总债务TICVVV
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $751.3M | — | ||
| Q1 25 | $752.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TICVVV
| Q4 25 | $2.2B | $307.6M | ||
| Q3 25 | $2.0B | $338.5M | ||
| Q2 25 | $1.2B | $313.6M | ||
| Q1 25 | $1.1B | $248.7M | ||
| Q4 24 | — | $229.8M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $106.5M | ||
| Q1 24 | — | $60.1M |
总资产TICVVV
| Q4 25 | $4.4B | $3.4B | ||
| Q3 25 | $4.2B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.2B | $2.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.8B |
负债/权益比TICVVV
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $49.7M | $64.8M |
| 自由现金流经营现金流 - 资本支出 | $37.1M | $7.4M |
| 自由现金流率自由现金流/营收 | 7.3% | 1.6% |
| 资本支出强度资本支出/营收 | 2.5% | 12.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $61.3M | $57.8M |
8季度趋势，按日历期对齐
经营现金流TICVVV
| Q4 25 | $49.7M | $64.8M | ||
| Q3 25 | $19.0M | $121.9M | ||
| Q2 25 | $-6.5M | $86.9M | ||
| Q1 25 | $32.8M | $47.2M | ||
| Q4 24 | — | $41.2M | ||
| Q3 24 | — | $101.3M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $68.3M |
自由现金流TICVVV
| Q4 25 | $37.1M | $7.4M | ||
| Q3 25 | $10.3M | $23.0M | ||
| Q2 25 | $-14.5M | $32.0M | ||
| Q1 25 | $28.3M | $-4.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $29.9M | ||
| Q2 24 | — | $9.8M | ||
| Q1 24 | — | $23.4M |
自由现金流率TICVVV
| Q4 25 | 7.3% | 1.6% | ||
| Q3 25 | 2.2% | 5.1% | ||
| Q2 25 | -4.6% | 7.3% | ||
| Q1 25 | 12.1% | -1.1% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 6.0% |
资本支出强度TICVVV
| Q4 25 | 2.5% | 12.4% | ||
| Q3 25 | 1.8% | 21.8% | ||
| Q2 25 | 2.6% | 12.5% | ||
| Q1 25 | 1.9% | 12.8% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 11.6% |
现金转化率TICVVV
| Q4 25 | — | — | ||
| Q3 25 | — | 4.88× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.65× | ||
| Q1 24 | — | 1.65× |
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
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
VVV
| Oil Change And Related Fees | $337.7M | 73% |
| Non Oil Change And Related Fees | $100.5M | 22% |
| Franchise Fees And Other | $23.6M | 5% |
