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ABERCROMBIE & FITCH CO（ANF）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
ABERCROMBIE & FITCH CO的季度营收约是TRINET GROUP, INC.的1.0倍（$1.3B vs $1.2B），ABERCROMBIE & FITCH CO同比增速更快（6.8% vs -2.2%），ABERCROMBIE & FITCH CO自由现金流更多（$131.8M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% 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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
ANF vs TNET — 直观对比
营收规模更大
ANF
是对方的1.0倍
$1.2B
营收增速更快
ANF
高出8.9%
-2.2%
自由现金流更多
ANF
多$88.8M
$43.0M
两年增速更快
TNET
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $113.0M | — |
| 毛利率 | 62.5% | — |
| 营业利润率 | 12.0% | 0.1% |
| 净利率 | 8.8% | — |
| 营收同比 | 6.8% | -2.2% |
| 净利润同比 | -14.4% | — |
| 每股收益（稀释后） | $2.36 | $0.02 |
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ANFTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润ANFTNET
| Q4 25 | $113.0M | — | ||
| Q3 25 | $141.4M | $34.0M | ||
| Q2 25 | $80.4M | $37.0M | ||
| Q1 25 | $187.2M | $85.0M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $133.2M | $45.0M | ||
| Q2 24 | $113.8M | $60.0M | ||
| Q1 24 | $158.4M | $91.0M |
毛利率ANFTNET
| 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ANFTNET
| Q4 25 | 12.0% | 0.1% | ||
| Q3 25 | 17.1% | 4.1% | ||
| Q2 25 | 9.3% | 4.1% | ||
| Q1 25 | 16.2% | 8.9% | ||
| Q4 24 | 14.8% | -2.9% | ||
| Q3 24 | 15.5% | 4.7% | ||
| Q2 24 | 12.7% | 6.5% | ||
| Q1 24 | 15.3% | 9.7% |
净利率ANFTNET
| Q4 25 | 8.8% | — | ||
| Q3 25 | 11.7% | 2.8% | ||
| Q2 25 | 7.3% | 3.0% | ||
| Q1 25 | 11.8% | 6.6% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 11.7% | 3.6% | ||
| Q2 24 | 11.2% | 4.9% | ||
| Q1 24 | 10.9% | 7.2% |
每股收益（稀释后）ANFTNET
| Q4 25 | $2.36 | $0.02 | ||
| Q3 25 | $2.91 | $0.70 | ||
| Q2 25 | $1.59 | $0.77 | ||
| Q1 25 | $3.55 | $1.71 | ||
| Q4 24 | $2.50 | $-0.44 | ||
| Q3 24 | $2.50 | $0.89 | ||
| Q2 24 | $2.14 | $1.20 | ||
| Q1 24 | $2.97 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $54.0M |
| 总资产 | $3.5B | $3.8B |
| 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ANFTNET
| Q4 25 | $631.0M | $287.0M | ||
| Q3 25 | $603.5M | $321.0M | ||
| Q2 25 | $607.6M | $407.0M | ||
| Q1 25 | $888.9M | $349.0M | ||
| Q4 24 | $738.9M | $360.0M | ||
| Q3 24 | $738.4M | $301.0M | ||
| Q2 24 | $864.2M | $249.0M | ||
| Q1 24 | $900.9M | $383.0M |
股东权益ANFTNET
| Q4 25 | $1.3B | $54.0M | ||
| Q3 25 | $1.3B | $110.0M | ||
| Q2 25 | $1.2B | $107.0M | ||
| Q1 25 | $1.3B | $63.0M | ||
| Q4 24 | $1.2B | $69.0M | ||
| Q3 24 | $1.2B | $129.0M | ||
| Q2 24 | $1.1B | $100.0M | ||
| Q1 24 | $1.0B | $143.0M |
总资产ANFTNET
| Q4 25 | $3.5B | $3.8B | ||
| Q3 25 | $3.3B | $3.4B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $3.3B | $4.1B | ||
| Q3 24 | $3.0B | $3.7B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $3.0B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $43.0M |
| 自由现金流率自由现金流/营收 | 10.2% | 3.4% |
| 资本支出强度资本支出/营收 | 5.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.77× | — |
| 过去12个月自由现金流最近4个季度 | $384.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ANFTNET
| Q4 25 | $200.1M | $61.0M | ||
| Q3 25 | $116.9M | $72.0M | ||
| Q2 25 | $-4.0M | $75.0M | ||
| Q1 25 | $307.6M | $95.0M | ||
| Q4 24 | $142.6M | $65.0M | ||
| Q3 24 | $165.1M | $84.0M | ||
| Q2 24 | $95.0M | $39.0M | ||
| Q1 24 | $303.3M | $91.0M |
自由现金流ANFTNET
| Q4 25 | $131.8M | $43.0M | ||
| Q3 25 | $50.7M | $55.0M | ||
| Q2 25 | $-54.8M | $57.0M | ||
| Q1 25 | $256.8M | $79.0M | ||
| Q4 24 | $92.2M | $47.0M | ||
| Q3 24 | $122.3M | $59.0M | ||
| Q2 24 | $56.1M | $22.0M | ||
| Q1 24 | $274.1M | $73.0M |
自由现金流率ANFTNET
| Q4 25 | 10.2% | 3.4% | ||
| Q3 25 | 4.2% | 4.5% | ||
| Q2 25 | -5.0% | 4.6% | ||
| Q1 25 | 16.2% | 6.1% | ||
| Q4 24 | 7.6% | 3.7% | ||
| Q3 24 | 10.8% | 4.8% | ||
| Q2 24 | 5.5% | 1.8% | ||
| Q1 24 | 18.9% | 5.8% |
资本支出强度ANFTNET
| Q4 25 | 5.3% | 1.4% | ||
| Q3 25 | 5.5% | 1.4% | ||
| Q2 25 | 4.6% | 1.5% | ||
| Q1 25 | 3.2% | 1.2% | ||
| Q4 24 | 4.2% | 1.4% | ||
| Q3 24 | 3.8% | 2.0% | ||
| Q2 24 | 3.8% | 1.4% | ||
| Q1 24 | 2.0% | 1.4% |
现金转化率ANFTNET
| Q4 25 | 1.77× | — | ||
| Q3 25 | 0.83× | 2.12× | ||
| Q2 25 | -0.05× | 2.03× | ||
| Q1 25 | 1.64× | 1.12× | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.24× | 1.87× | ||
| Q2 24 | 0.83× | 0.65× | ||
| Q1 24 | 1.91× | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
