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Tractor Supply（TSCO）与西湖化学（WLK）财务数据对比。点击上方公司名可切换其他公司
Tractor Supply的季度营收约是西湖化学的1.4倍（$3.6B vs $2.5B），Tractor Supply净利率更高（4.6% vs -21.5%，领先26.1%），Tractor Supply同比增速更快（100.0% vs -10.9%），过去两年西湖化学的营收复合增速更高（-7.7% vs -8.0%）
Tractor Supply Company成立于1938年，是美国连锁零售企业，主营家居装修、农业、园艺养护、牲畜、马术及宠物护理相关设备与用品，客群覆盖农民、牧场主、宠物主及土地所有者。截至2024年共开设2250家门店，总部位于田纳西州布伦特伍德，为纳斯达克上市的财富500强企业。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
TSCO vs WLK — 直观对比
营收规模更大
TSCO
是对方的1.4倍
$2.5B
营收增速更快
TSCO
高出110.9%
-10.9%
净利率更高
TSCO
高出26.1%
-21.5%
两年增速更快
WLK
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.5B |
| 净利润 | $164.5M | $-544.0M |
| 毛利率 | 36.2% | 3.4% |
| 营业利润率 | 6.5% | -26.5% |
| 净利率 | 4.6% | -21.5% |
| 营收同比 | 100.0% | -10.9% |
| 净利润同比 | 4.6% | -7871.4% |
| 每股收益（稀释后） | $0.31 | $-4.22 |
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TSCOWLK
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.9B | $2.5B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $4.4B | $3.0B | ||
| Q1 25 | $3.5B | $2.8B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $3.5B | $3.1B | ||
| Q2 24 | $4.2B | $3.2B |
净利润TSCOWLK
| Q1 26 | $164.5M | — | ||
| Q4 25 | $227.4M | $-544.0M | ||
| Q3 25 | $259.3M | $-782.0M | ||
| Q2 25 | $430.0M | $-142.0M | ||
| Q1 25 | $179.4M | $-40.0M | ||
| Q4 24 | $236.4M | $7.0M | ||
| Q3 24 | $241.5M | $108.0M | ||
| Q2 24 | $425.2M | $313.0M |
毛利率TSCOWLK
| Q1 26 | 36.2% | — | ||
| Q4 25 | 35.1% | 3.4% | ||
| Q3 25 | 37.4% | 8.3% | ||
| Q2 25 | 36.9% | 8.7% | ||
| Q1 25 | 36.2% | 8.2% | ||
| Q4 24 | 35.2% | 11.5% | ||
| Q3 24 | 37.2% | 16.0% | ||
| Q2 24 | 36.6% | 20.7% |
营业利润率TSCOWLK
| Q1 26 | 6.5% | — | ||
| Q4 25 | 7.6% | -26.5% | ||
| Q3 25 | 9.2% | -27.0% | ||
| Q2 25 | 13.0% | -3.7% | ||
| Q1 25 | 7.2% | -1.1% | ||
| Q4 24 | 8.4% | 2.3% | ||
| Q3 24 | 9.4% | 5.8% | ||
| Q2 24 | 13.2% | 12.7% |
净利率TSCOWLK
| Q1 26 | 4.6% | — | ||
| Q4 25 | 5.8% | -21.5% | ||
| Q3 25 | 7.0% | -27.6% | ||
| Q2 25 | 9.7% | -4.8% | ||
| Q1 25 | 5.2% | -1.4% | ||
| Q4 24 | 6.3% | 0.2% | ||
| Q3 24 | 7.0% | 3.5% | ||
| Q2 24 | 10.0% | 9.8% |
每股收益（稀释后）TSCOWLK
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.42 | $-4.22 | ||
| Q3 25 | $0.49 | $-6.06 | ||
| Q2 25 | $0.81 | $-1.11 | ||
| Q1 25 | $0.34 | $-0.31 | ||
| Q4 24 | $-5.96 | $0.07 | ||
| Q3 24 | $2.24 | $0.83 | ||
| Q2 24 | $3.93 | $2.40 |
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 | $224.3M | $2.7B |
| 总债务越低越好 | $2.1B | $5.6B |
| 股东权益账面价值 | $2.5B | $8.8B |
| 总资产 | $11.7B | $20.0B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资TSCOWLK
| Q1 26 | $224.3M | — | ||
| Q4 25 | $194.1M | $2.7B | ||
| Q3 25 | $184.6M | $1.9B | ||
| Q2 25 | $225.8M | $2.1B | ||
| Q1 25 | $231.7M | $2.3B | ||
| Q4 24 | $251.5M | $2.9B | ||
| Q3 24 | $186.3M | $2.9B | ||
| Q2 24 | $394.7M | $3.0B |
总债务TSCOWLK
| Q1 26 | $2.1B | — | ||
| Q4 25 | $150.0M | $5.6B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $150.0M | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.9B |
股东权益TSCOWLK
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.6B | $8.8B | ||
| Q3 25 | $2.6B | $9.4B | ||
| Q2 25 | $2.5B | $10.3B | ||
| Q1 25 | $2.2B | $10.4B | ||
| Q4 24 | $2.3B | $10.5B | ||
| Q3 24 | $2.3B | $10.7B | ||
| Q2 24 | $2.3B | $10.6B |
总资产TSCOWLK
| Q1 26 | $11.7B | — | ||
| Q4 25 | $10.9B | $20.0B | ||
| Q3 25 | $10.9B | $19.8B | ||
| Q2 25 | $10.6B | $20.8B | ||
| Q1 25 | $10.4B | $20.7B | ||
| Q4 24 | $9.8B | $20.8B | ||
| Q3 24 | $9.8B | $21.1B | ||
| Q2 24 | $9.8B | $21.1B |
负债/权益比TSCOWLK
| Q1 26 | 0.85× | — | ||
| Q4 25 | 0.06× | 0.64× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 0.07× | 0.43× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 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 | $91.1M | $225.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-16.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | 5.6% | 9.5% |
| 现金转化率经营现金流/净利润 | 0.55× | — |
| 过去12个月自由现金流最近4个季度 | — | $-530.0M |
8季度趋势，按日历期对齐
经营现金流TSCOWLK
| Q1 26 | $91.1M | — | ||
| Q4 25 | $324.8M | $225.0M | ||
| Q3 25 | $307.9M | $182.0M | ||
| Q2 25 | $785.8M | $135.0M | ||
| Q1 25 | $216.8M | $-77.0M | ||
| Q4 24 | $517.2M | $434.0M | ||
| Q3 24 | $86.3M | $474.0M | ||
| Q2 24 | $559.9M | $237.0M |
自由现金流TSCOWLK
| Q1 26 | — | — | ||
| Q4 25 | $59.3M | $-16.0M | ||
| Q3 25 | $30.3M | $-57.0M | ||
| Q2 25 | $575.4M | $-132.0M | ||
| Q1 25 | $75.5M | $-325.0M | ||
| Q4 24 | $271.2M | $149.0M | ||
| Q3 24 | $-101.9M | $254.0M | ||
| Q2 24 | $367.3M | $6.0M |
自由现金流率TSCOWLK
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | -0.6% | ||
| Q3 25 | 0.8% | -2.0% | ||
| Q2 25 | 13.0% | -4.5% | ||
| Q1 25 | 2.2% | -11.4% | ||
| Q4 24 | 7.2% | 5.2% | ||
| Q3 24 | -2.9% | 8.1% | ||
| Q2 24 | 8.6% | 0.2% |
资本支出强度TSCOWLK
| Q1 26 | 5.6% | — | ||
| Q4 25 | 6.8% | 9.5% | ||
| Q3 25 | 7.5% | 8.4% | ||
| Q2 25 | 4.7% | 9.0% | ||
| Q1 25 | 4.1% | 8.7% | ||
| Q4 24 | 6.5% | 10.0% | ||
| Q3 24 | 5.4% | 7.1% | ||
| Q2 24 | 4.5% | 7.2% |
现金转化率TSCOWLK
| Q1 26 | 0.55× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.83× | — | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 2.19× | 62.00× | ||
| Q3 24 | 0.36× | 4.39× | ||
| Q2 24 | 1.32× | 0.76× |
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
TSCO
暂无分部数据
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
