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Tractor Supply（TSCO）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
Tractor Supply的季度营收约是捷迈邦美的1.7倍（$3.6B vs $2.1B），捷迈邦美净利率更高（11.4% vs 4.6%，领先6.8%），Tractor Supply同比增速更快（100.0% vs 9.3%），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
TSCO vs ZBH — 直观对比
营收规模更大
TSCO
是对方的1.7倍
$2.1B
营收增速更快
TSCO
高出90.7%
9.3%
净利率更高
ZBH
高出6.8%
4.6%
两年增速更快
ZBH
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.1B |
| 净利润 | $164.5M | $238.3M |
| 毛利率 | 36.2% | 64.6% |
| 营业利润率 | 6.5% | 17.9% |
| 净利率 | 4.6% | 11.4% |
| 营收同比 | 100.0% | 9.3% |
| 净利润同比 | 4.6% | 30.5% |
| 每股收益（稀释后） | $0.31 | $1.22 |
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TSCOZBH
| Q1 26 | $3.6B | $2.1B | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.7B | $2.0B | ||
| Q2 25 | $4.4B | $2.1B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $3.5B | $1.8B | ||
| Q2 24 | $4.2B | $1.9B |
净利润TSCOZBH
| Q1 26 | $164.5M | $238.3M | ||
| Q4 25 | $227.4M | $139.4M | ||
| Q3 25 | $259.3M | $230.9M | ||
| Q2 25 | $430.0M | $152.8M | ||
| Q1 25 | $179.4M | $182.0M | ||
| Q4 24 | $236.4M | $239.5M | ||
| Q3 24 | $241.5M | $249.1M | ||
| Q2 24 | $425.2M | $242.8M |
毛利率TSCOZBH
| Q1 26 | 36.2% | 64.6% | ||
| Q4 25 | 35.1% | 64.7% | ||
| Q3 25 | 37.4% | 72.1% | ||
| Q2 25 | 36.9% | 71.5% | ||
| Q1 25 | 36.2% | 71.2% | ||
| Q4 24 | 35.2% | 71.0% | ||
| Q3 24 | 37.2% | 70.5% | ||
| Q2 24 | 36.6% | 71.5% |
营业利润率TSCOZBH
| Q1 26 | 6.5% | 17.9% | ||
| Q4 25 | 7.6% | 6.9% | ||
| Q3 25 | 9.2% | 17.6% | ||
| Q2 25 | 13.0% | 14.4% | ||
| Q1 25 | 7.2% | 15.3% | ||
| Q4 24 | 8.4% | 19.2% | ||
| Q3 24 | 9.4% | 15.3% | ||
| Q2 24 | 13.2% | 18.1% |
净利率TSCOZBH
| Q1 26 | 4.6% | 11.4% | ||
| Q4 25 | 5.8% | 6.2% | ||
| Q3 25 | 7.0% | 11.5% | ||
| Q2 25 | 9.7% | 7.4% | ||
| Q1 25 | 5.2% | 9.5% | ||
| Q4 24 | 6.3% | 11.8% | ||
| Q3 24 | 7.0% | 13.7% | ||
| Q2 24 | 10.0% | 12.5% |
每股收益（稀释后）TSCOZBH
| Q1 26 | $0.31 | $1.22 | ||
| Q4 25 | $0.42 | $0.71 | ||
| Q3 25 | $0.49 | $1.16 | ||
| Q2 25 | $0.81 | $0.77 | ||
| Q1 25 | $0.34 | $0.91 | ||
| Q4 24 | $-5.96 | $1.18 | ||
| Q3 24 | $2.24 | $1.23 | ||
| Q2 24 | $3.93 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $2.1B | $7.5B |
| 股东权益账面价值 | $2.5B | $12.7B |
| 总资产 | $11.7B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资TSCOZBH
| Q1 26 | $224.3M | $424.2M | ||
| Q4 25 | $194.1M | $591.9M | ||
| Q3 25 | $184.6M | $1.3B | ||
| Q2 25 | $225.8M | $556.9M | ||
| Q1 25 | $231.7M | $1.4B | ||
| Q4 24 | $251.5M | $525.5M | ||
| Q3 24 | $186.3M | $569.0M | ||
| Q2 24 | $394.7M | $420.1M |
总债务TSCOZBH
| Q1 26 | $2.1B | $7.5B | ||
| Q4 25 | $150.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益TSCOZBH
| Q1 26 | $2.5B | $12.7B | ||
| Q4 25 | $2.6B | $12.7B | ||
| Q3 25 | $2.6B | $12.8B | ||
| Q2 25 | $2.5B | $12.5B | ||
| Q1 25 | $2.2B | $12.4B | ||
| Q4 24 | $2.3B | $12.5B | ||
| Q3 24 | $2.3B | $12.4B | ||
| Q2 24 | $2.3B | $12.7B |
总资产TSCOZBH
| Q1 26 | $11.7B | $22.7B | ||
| Q4 25 | $10.9B | $23.1B | ||
| Q3 25 | $10.9B | $23.5B | ||
| Q2 25 | $10.6B | $22.9B | ||
| Q1 25 | $10.4B | $22.2B | ||
| Q4 24 | $9.8B | $21.4B | ||
| Q3 24 | $9.8B | $21.7B | ||
| Q2 24 | $9.8B | $21.5B |
负债/权益比TSCOZBH
| Q1 26 | 0.85× | 0.59× | ||
| Q4 25 | 0.06× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $91.1M | $359.4M |
| 自由现金流经营现金流 - 资本支出 | — | $245.9M |
| 自由现金流率自由现金流/营收 | — | 11.8% |
| 资本支出强度资本支出/营收 | 5.6% | — |
| 现金转化率经营现金流/净利润 | 0.55× | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流TSCOZBH
| Q1 26 | $91.1M | $359.4M | ||
| Q4 25 | $324.8M | $517.4M | ||
| Q3 25 | $307.9M | $418.7M | ||
| Q2 25 | $785.8M | $378.2M | ||
| Q1 25 | $216.8M | $382.8M | ||
| Q4 24 | $517.2M | $506.3M | ||
| Q3 24 | $86.3M | $395.7M | ||
| Q2 24 | $559.9M | $369.4M |
自由现金流TSCOZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $59.3M | $442.6M | ||
| Q3 25 | $30.3M | $363.7M | ||
| Q2 25 | $575.4M | $328.1M | ||
| Q1 25 | $75.5M | $338.2M | ||
| Q4 24 | $271.2M | $454.8M | ||
| Q3 24 | $-101.9M | $351.2M | ||
| Q2 24 | $367.3M | $316.7M |
自由现金流率TSCOZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 1.5% | 19.7% | ||
| Q3 25 | 0.8% | 18.2% | ||
| Q2 25 | 13.0% | 15.8% | ||
| Q1 25 | 2.2% | 17.7% | ||
| Q4 24 | 7.2% | 22.5% | ||
| Q3 24 | -2.9% | 19.3% | ||
| Q2 24 | 8.6% | 16.3% |
资本支出强度TSCOZBH
| Q1 26 | 5.6% | — | ||
| Q4 25 | 6.8% | 3.3% | ||
| Q3 25 | 7.5% | 2.7% | ||
| Q2 25 | 4.7% | 2.4% | ||
| Q1 25 | 4.1% | 2.3% | ||
| Q4 24 | 6.5% | 2.5% | ||
| Q3 24 | 5.4% | 2.4% | ||
| Q2 24 | 4.5% | 2.7% |
现金转化率TSCOZBH
| Q1 26 | 0.55× | 1.51× | ||
| Q4 25 | 1.43× | 3.71× | ||
| Q3 25 | 1.19× | 1.81× | ||
| Q2 25 | 1.83× | 2.48× | ||
| Q1 25 | 1.21× | 2.10× | ||
| Q4 24 | 2.19× | 2.11× | ||
| Q3 24 | 0.36× | 1.59× | ||
| Q2 24 | 1.32× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
