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ABERCROMBIE & FITCH CO（ANF）与盖璞（GAP）财务数据对比。点击上方公司名可切换其他公司
盖璞的季度营收约是ABERCROMBIE & FITCH CO的3.1倍（$3.9B vs $1.3B）。ABERCROMBIE & FITCH CO净利率更高（8.8% vs 6.0%，领先2.8%）。ABERCROMBIE & FITCH CO同比增速更快（6.8% vs 3.0%）。盖璞自由现金流更多（$153.0M vs $131.8M）。过去两年盖璞的营收复合增速更高（-4.2% vs -5.8%）
A&F（阿伯克龙比与菲奇）是1892年成立的美国生活方式零售品牌，主打面向20岁出头至45岁左右客群的潮流服饰，总部位于俄亥俄州新奥尔巴尼。旗下运营Abercrombie Kids、Your Personal Best、霍利斯特（Hollister Co.）、Gilly Hicks四个子品牌，全品牌直营门店超780家。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
ANF vs GAP — 直观对比
营收规模更大
GAP
是对方的3.1倍
$1.3B
营收增速更快
ANF
高出3.8%
3.0%
净利率更高
ANF
高出2.8%
6.0%
自由现金流更多
GAP
多$21.2M
$131.8M
两年增速更快
GAP
近两年复合增速
-5.8%
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $3.9B |
| 净利润 | $113.0M | $236.0M |
| 毛利率 | 62.5% | 42.4% |
| 营业利润率 | 12.0% | 8.5% |
| 净利率 | 8.8% | 6.0% |
| 营收同比 | 6.8% | 3.0% |
| 净利润同比 | -14.4% | -13.9% |
| 每股收益（稀释后） | $2.36 | $0.62 |
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ANFGAP
| Q4 25 | $1.3B | $3.9B | ||
| Q3 25 | $1.2B | $3.7B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $1.6B | $4.1B | ||
| Q4 24 | $1.2B | $3.8B | ||
| Q3 24 | $1.1B | $3.7B | ||
| Q2 24 | $1.0B | $3.4B | ||
| Q1 24 | $1.5B | $4.3B |
净利润ANFGAP
| Q4 25 | $113.0M | $236.0M | ||
| Q3 25 | $141.4M | $216.0M | ||
| Q2 25 | $80.4M | $193.0M | ||
| Q1 25 | $187.2M | $206.0M | ||
| Q4 24 | $132.0M | $274.0M | ||
| Q3 24 | $133.2M | $206.0M | ||
| Q2 24 | $113.8M | $158.0M | ||
| Q1 24 | $158.4M | $185.0M |
毛利率ANFGAP
| Q4 25 | 62.5% | 42.4% | ||
| Q3 25 | 62.6% | 41.2% | ||
| Q2 25 | 62.0% | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | 65.1% | 42.7% | ||
| Q3 24 | 64.9% | 42.6% | ||
| Q2 24 | 66.4% | 41.2% | ||
| Q1 24 | 62.9% | 38.9% |
营业利润率ANFGAP
| Q4 25 | 12.0% | 8.5% | ||
| Q3 25 | 17.1% | 7.8% | ||
| Q2 25 | 9.3% | 7.5% | ||
| Q1 25 | 16.2% | 6.2% | ||
| Q4 24 | 14.8% | 9.3% | ||
| Q3 24 | 15.5% | 7.9% | ||
| Q2 24 | 12.7% | 6.1% | ||
| Q1 24 | 15.3% | 5.0% |
净利率ANFGAP
| Q4 25 | 8.8% | 6.0% | ||
| Q3 25 | 11.7% | 5.8% | ||
| Q2 25 | 7.3% | 5.6% | ||
| Q1 25 | 11.8% | 5.0% | ||
| Q4 24 | 10.9% | 7.2% | ||
| Q3 24 | 11.7% | 5.5% | ||
| Q2 24 | 11.2% | 4.7% | ||
| Q1 24 | 10.9% | 4.3% |
每股收益（稀释后）ANFGAP
| Q4 25 | $2.36 | $0.62 | ||
| Q3 25 | $2.91 | $0.57 | ||
| Q2 25 | $1.59 | $0.51 | ||
| Q1 25 | $3.55 | $0.53 | ||
| Q4 24 | $2.50 | $0.72 | ||
| Q3 24 | $2.50 | $0.54 | ||
| Q2 24 | $2.14 | $0.41 | ||
| Q1 24 | $2.97 | $0.49 |
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 | $631.0M | $2.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $3.6B |
| 总资产 | $3.5B | $12.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ANFGAP
| Q4 25 | $631.0M | $2.5B | ||
| Q3 25 | $603.5M | $2.4B | ||
| Q2 25 | $607.6M | $2.2B | ||
| Q1 25 | $888.9M | $2.6B | ||
| Q4 24 | $738.9M | $2.2B | ||
| Q3 24 | $738.4M | $2.1B | ||
| Q2 24 | $864.2M | $1.7B | ||
| Q1 24 | $900.9M | $1.9B |
股东权益ANFGAP
| Q4 25 | $1.3B | $3.6B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.3B | $3.3B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.0B | $2.6B |
总资产ANFGAP
| Q4 25 | $3.5B | $12.4B | ||
| Q3 25 | $3.3B | $12.1B | ||
| Q2 25 | $3.1B | $11.6B | ||
| Q1 25 | $3.3B | $11.9B | ||
| Q4 24 | $3.3B | $11.9B | ||
| Q3 24 | $3.0B | $11.5B | ||
| Q2 24 | $3.0B | $10.9B | ||
| Q1 24 | $3.0B | $11.0B |
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 | $200.1M | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $153.0M |
| 自由现金流率自由现金流/营收 | 10.2% | 3.9% |
| 资本支出强度资本支出/营收 | 5.3% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $384.5M | $779.0M |
8季度趋势，按日历期对齐
经营现金流ANFGAP
| Q4 25 | $200.1M | $299.0M | ||
| Q3 25 | $116.9M | $448.0M | ||
| Q2 25 | $-4.0M | $-140.0M | ||
| Q1 25 | $307.6M | $616.0M | ||
| Q4 24 | $142.6M | $291.0M | ||
| Q3 24 | $165.1M | $549.0M | ||
| Q2 24 | $95.0M | $30.0M | ||
| Q1 24 | $303.3M | $700.0M |
自由现金流ANFGAP
| Q4 25 | $131.8M | $153.0M | ||
| Q3 25 | $50.7M | $350.0M | ||
| Q2 25 | $-54.8M | $-223.0M | ||
| Q1 25 | $256.8M | $499.0M | ||
| Q4 24 | $92.2M | $143.0M | ||
| Q3 24 | $122.3M | $460.0M | ||
| Q2 24 | $56.1M | $-63.0M | ||
| Q1 24 | $274.1M | $568.0M |
自由现金流率ANFGAP
| Q4 25 | 10.2% | 3.9% | ||
| Q3 25 | 4.2% | 9.4% | ||
| Q2 25 | -5.0% | -6.4% | ||
| Q1 25 | 16.2% | 12.0% | ||
| Q4 24 | 7.6% | 3.7% | ||
| Q3 24 | 10.8% | 12.4% | ||
| Q2 24 | 5.5% | -1.9% | ||
| Q1 24 | 18.9% | 13.2% |
资本支出强度ANFGAP
| Q4 25 | 5.3% | 3.7% | ||
| Q3 25 | 5.5% | 2.6% | ||
| Q2 25 | 4.6% | 2.4% | ||
| Q1 25 | 3.2% | 2.8% | ||
| Q4 24 | 4.2% | 3.9% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 3.8% | 2.7% | ||
| Q1 24 | 2.0% | 3.1% |
现金转化率ANFGAP
| Q4 25 | 1.77× | 1.27× | ||
| Q3 25 | 0.83× | 2.07× | ||
| Q2 25 | -0.05× | -0.73× | ||
| Q1 25 | 1.64× | 2.99× | ||
| Q4 24 | 1.08× | 1.06× | ||
| Q3 24 | 1.24× | 2.67× | ||
| Q2 24 | 0.83× | 0.19× | ||
| Q1 24 | 1.91× | 3.78× |
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
ANF
| Hollister | $673.3M | 52% |
| Abercrombie | $617.3M | 48% |
| Gift Card | $25.7M | 2% |
| Royalty | $19.5M | 2% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
