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ABERCROMBIE & FITCH CO（ANF）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
NiSource的季度营收约是ABERCROMBIE & FITCH CO的1.5倍（$1.9B vs $1.3B），NiSource净利率更高（13.7% vs 8.8%，领先4.9%），NiSource同比增速更快（22.5% vs 6.8%），ABERCROMBIE & FITCH CO自由现金流更多（$131.8M vs $-133.7M），过去两年NiSource的营收复合增速更高（7.2% 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。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
ANF vs NI — 直观对比
营收规模更大
NI
是对方的1.5倍
$1.3B
营收增速更快
NI
高出15.8%
6.8%
净利率更高
NI
高出4.9%
8.8%
自由现金流更多
ANF
多$265.5M
$-133.7M
两年增速更快
NI
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $113.0M | $257.8M |
| 毛利率 | 62.5% | — |
| 营业利润率 | 12.0% | 27.3% |
| 净利率 | 8.8% | 13.7% |
| 营收同比 | 6.8% | 22.5% |
| 净利润同比 | -14.4% | 15.1% |
| 每股收益（稀释后） | $2.36 | $0.53 |
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ANFNI
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.5B | $1.6B |
净利润ANFNI
| Q4 25 | $113.0M | $257.8M | ||
| Q3 25 | $141.4M | $94.7M | ||
| Q2 25 | $80.4M | $102.2M | ||
| Q1 25 | $187.2M | $474.8M | ||
| Q4 24 | $132.0M | $223.9M | ||
| Q3 24 | $133.2M | $85.7M | ||
| Q2 24 | $113.8M | $85.8M | ||
| Q1 24 | $158.4M | $365.0M |
毛利率ANFNI
| Q4 25 | 62.5% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.1% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 66.4% | — | ||
| Q1 24 | 62.9% | — |
营业利润率ANFNI
| Q4 25 | 12.0% | 27.3% | ||
| Q3 25 | 17.1% | 24.0% | ||
| Q2 25 | 9.3% | 21.1% | ||
| Q1 25 | 16.2% | 35.3% | ||
| Q4 24 | 14.8% | 27.1% | ||
| Q3 24 | 15.5% | 20.9% | ||
| Q2 24 | 12.7% | 22.5% | ||
| Q1 24 | 15.3% | 35.5% |
净利率ANFNI
| Q4 25 | 8.8% | 13.7% | ||
| Q3 25 | 11.7% | 7.6% | ||
| Q2 25 | 7.3% | 8.2% | ||
| Q1 25 | 11.8% | 22.1% | ||
| Q4 24 | 10.9% | 14.5% | ||
| Q3 24 | 11.7% | 8.2% | ||
| Q2 24 | 11.2% | 8.1% | ||
| Q1 24 | 10.9% | 22.2% |
每股收益（稀释后）ANFNI
| Q4 25 | $2.36 | $0.53 | ||
| Q3 25 | $2.91 | $0.20 | ||
| Q2 25 | $1.59 | $0.22 | ||
| Q1 25 | $3.55 | $1.00 | ||
| Q4 24 | $2.50 | $0.47 | ||
| Q3 24 | $2.50 | $0.19 | ||
| Q2 24 | $2.14 | $0.19 | ||
| Q1 24 | $2.97 | $0.77 |
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 | $110.1M |
| 总债务越低越好 | — | $15.5B |
| 股东权益账面价值 | $1.3B | $9.5B |
| 总资产 | $3.5B | $35.9B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资ANFNI
| Q4 25 | $631.0M | $110.1M | ||
| Q3 25 | $603.5M | $95.0M | ||
| Q2 25 | $607.6M | $335.4M | ||
| Q1 25 | $888.9M | $259.4M | ||
| Q4 24 | $738.9M | $156.6M | ||
| Q3 24 | $738.4M | $126.2M | ||
| Q2 24 | $864.2M | $101.2M | ||
| Q1 24 | $900.9M | $102.2M |
总债务ANFNI
| Q4 25 | — | $15.5B | ||
| Q3 25 | — | $14.5B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $12.8B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $12.1B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | — | $11.7B |
股东权益ANFNI
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.3B | $9.1B | ||
| Q2 25 | $1.2B | $8.9B | ||
| Q1 25 | $1.3B | $8.9B | ||
| Q4 24 | $1.2B | $8.7B | ||
| Q3 24 | $1.2B | $8.3B | ||
| Q2 24 | $1.1B | $7.9B | ||
| Q1 24 | $1.0B | $7.9B |
总资产ANFNI
| Q4 25 | $3.5B | $35.9B | ||
| Q3 25 | $3.3B | $34.4B | ||
| Q2 25 | $3.1B | $34.0B | ||
| Q1 25 | $3.3B | $33.1B | ||
| Q4 24 | $3.3B | $31.8B | ||
| Q3 24 | $3.0B | $30.8B | ||
| Q2 24 | $3.0B | $29.9B | ||
| Q1 24 | $3.0B | $29.3B |
负债/权益比ANFNI
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 1.48× |
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 | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $-133.7M |
| 自由现金流率自由现金流/营收 | 10.2% | -7.1% |
| 资本支出强度资本支出/营收 | 5.3% | 44.9% |
| 现金转化率经营现金流/净利润 | 1.77× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $384.5M | $-420.0M |
8季度趋势，按日历期对齐
经营现金流ANFNI
| Q4 25 | $200.1M | $712.6M | ||
| Q3 25 | $116.9M | $467.9M | ||
| Q2 25 | $-4.0M | $495.4M | ||
| Q1 25 | $307.6M | $686.4M | ||
| Q4 24 | $142.6M | $539.8M | ||
| Q3 24 | $165.1M | $340.0M | ||
| Q2 24 | $95.0M | $445.5M | ||
| Q1 24 | $303.3M | $456.2M |
自由现金流ANFNI
| Q4 25 | $131.8M | $-133.7M | ||
| Q3 25 | $50.7M | $-172.6M | ||
| Q2 25 | $-54.8M | $-162.8M | ||
| Q1 25 | $256.8M | $49.1M | ||
| Q4 24 | $92.2M | $-220.2M | ||
| Q3 24 | $122.3M | $-294.7M | ||
| Q2 24 | $56.1M | $-184.3M | ||
| Q1 24 | $274.1M | $-133.3M |
自由现金流率ANFNI
| Q4 25 | 10.2% | -7.1% | ||
| Q3 25 | 4.2% | -13.9% | ||
| Q2 25 | -5.0% | -13.1% | ||
| Q1 25 | 16.2% | 2.3% | ||
| Q4 24 | 7.6% | -14.3% | ||
| Q3 24 | 10.8% | -28.2% | ||
| Q2 24 | 5.5% | -17.5% | ||
| Q1 24 | 18.9% | -8.1% |
资本支出强度ANFNI
| Q4 25 | 5.3% | 44.9% | ||
| Q3 25 | 5.5% | 51.6% | ||
| Q2 25 | 4.6% | 52.8% | ||
| Q1 25 | 3.2% | 29.6% | ||
| Q4 24 | 4.2% | 49.4% | ||
| Q3 24 | 3.8% | 60.7% | ||
| Q2 24 | 3.8% | 59.7% | ||
| Q1 24 | 2.0% | 35.9% |
现金转化率ANFNI
| Q4 25 | 1.77× | 2.76× | ||
| Q3 25 | 0.83× | 4.94× | ||
| Q2 25 | -0.05× | 4.85× | ||
| Q1 25 | 1.64× | 1.45× | ||
| Q4 24 | 1.08× | 2.41× | ||
| Q3 24 | 1.24× | 3.97× | ||
| Q2 24 | 0.83× | 5.19× | ||
| Q1 24 | 1.91× | 1.25× |
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% |
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
