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Aflac（AFL）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是泰佩思琦的1.9倍（$4.9B vs $2.5B），Aflac净利率更高（28.3% vs 22.4%，领先5.9%），泰佩思琦同比增速更快（14.0% vs -10.0%），过去两年泰佩思琦的营收复合增速更高（29.9% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
AFL vs TPR — 直观对比
营收规模更大
AFL
是对方的1.9倍
$2.5B
营收增速更快
TPR
高出23.9%
-10.0%
净利率更高
AFL
高出5.9%
22.4%
两年增速更快
TPR
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $2.5B |
| 净利润 | $1.4B | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 32.3% | 28.6% |
| 净利率 | 28.3% | 22.4% |
| 营收同比 | -10.0% | 14.0% |
| 净利润同比 | -27.5% | 80.8% |
| 每股收益（稀释后） | $2.58 | $2.68 |
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AFLTPR
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | $4.7B | $1.7B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.4B | $1.6B | ||
| Q4 24 | $5.4B | $2.2B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $5.1B | $1.6B | ||
| Q1 24 | $5.4B | $1.5B |
净利润AFLTPR
| Q4 25 | $1.4B | $561.3M | ||
| Q3 25 | $1.6B | $274.8M | ||
| Q2 25 | $599.0M | $-517.1M | ||
| Q1 25 | $29.0M | $203.3M | ||
| Q4 24 | $1.9B | $310.4M | ||
| Q3 24 | $-93.0M | $186.6M | ||
| Q2 24 | $1.8B | $159.3M | ||
| Q1 24 | $1.9B | $139.4M |
毛利率AFLTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率AFLTPR
| Q4 25 | 32.3% | 28.6% | ||
| Q3 25 | 42.1% | 19.3% | ||
| Q2 25 | 19.8% | -33.9% | ||
| Q1 25 | 4.3% | 16.0% | ||
| Q4 24 | 39.5% | 22.4% | ||
| Q3 24 | 3.1% | 16.7% | ||
| Q2 24 | 39.3% | 14.8% | ||
| Q1 24 | 39.9% | 13.8% |
净利率AFLTPR
| Q4 25 | 28.3% | 22.4% | ||
| Q3 25 | 34.6% | 16.1% | ||
| Q2 25 | 14.4% | -30.0% | ||
| Q1 25 | 0.9% | 12.8% | ||
| Q4 24 | 35.2% | 14.1% | ||
| Q3 24 | -3.2% | 12.4% | ||
| Q2 24 | 34.2% | 10.0% | ||
| Q1 24 | 34.6% | 9.4% |
每股收益（稀释后）AFLTPR
| Q4 25 | $2.58 | $2.68 | ||
| Q3 25 | $3.08 | $1.28 | ||
| Q2 25 | $1.11 | $-2.30 | ||
| Q1 25 | $0.05 | $0.95 | ||
| Q4 24 | $3.45 | $1.38 | ||
| Q3 24 | $-0.17 | $0.79 | ||
| Q2 24 | $3.10 | $0.67 | ||
| Q1 24 | $3.25 | $0.60 |
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 | $6.2B | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $29.5B | $551.2M |
| 总资产 | $116.5B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资AFLTPR
| Q4 25 | $6.2B | $1.1B | ||
| Q3 25 | $6.8B | $743.2M | ||
| Q2 25 | $7.0B | $1.1B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $6.2B | $1.0B | ||
| Q3 24 | $5.6B | $7.3B | ||
| Q2 24 | $6.1B | $7.2B | ||
| Q1 24 | $5.1B | $7.4B |
总债务AFLTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益AFLTPR
| Q4 25 | $29.5B | $551.2M | ||
| Q3 25 | $28.7B | $399.5M | ||
| Q2 25 | $27.2B | $857.8M | ||
| Q1 25 | $26.3B | $1.5B | ||
| Q4 24 | $26.1B | $1.3B | ||
| Q3 24 | $24.8B | $3.0B | ||
| Q2 24 | $26.0B | $2.9B | ||
| Q1 24 | $23.5B | $2.8B |
总资产AFLTPR
| Q4 25 | $116.5B | $6.5B | ||
| Q3 25 | $122.3B | $6.4B | ||
| Q2 25 | $124.7B | $6.6B | ||
| Q1 25 | $120.3B | $7.3B | ||
| Q4 24 | $117.6B | $7.3B | ||
| Q3 24 | $128.4B | $13.7B | ||
| Q2 24 | $120.2B | $13.4B | ||
| Q1 24 | $124.7B | $13.7B |
负债/权益比AFLTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $315.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 41.5% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 0.23× | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流AFLTPR
| Q4 25 | $315.0M | $1.1B | ||
| Q3 25 | $1.3B | $112.6M | ||
| Q2 25 | $399.0M | $446.8M | ||
| Q1 25 | $589.0M | $144.3M | ||
| Q4 24 | $333.0M | $506.0M | ||
| Q3 24 | $1.3B | $119.5M | ||
| Q2 24 | $255.0M | $256.0M | ||
| Q1 24 | $849.0M | $97.8M |
自由现金流AFLTPR
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M | ||
| Q1 24 | — | $78.8M |
自由现金流率AFLTPR
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 5.3% |
资本支出强度AFLTPR
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.3% |
现金转化率AFLTPR
| Q4 25 | 0.23× | 1.93× | ||
| Q3 25 | 0.76× | 0.41× | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 20.31× | 0.71× | ||
| Q4 24 | 0.18× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 0.15× | 1.61× | ||
| Q1 24 | 0.45× | 0.70× |
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
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
