vs
波尔公司（BALL）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波尔公司的1.2倍（$3.9B vs $3.3B），盖璞净利率更高（6.0% vs 6.0%，领先0.0%），波尔公司同比增速更快（16.2% vs 3.0%），波尔公司自由现金流更多（$1.0B vs $153.0M），过去两年波尔公司的营收复合增速更高（7.9% vs -4.2%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs GAP — 直观对比
营收规模更大
GAP
是对方的1.2倍
$3.3B
营收增速更快
BALL
高出13.3%
3.0%
净利率更高
GAP
高出0.0%
6.0%
自由现金流更多
BALL
多$888.0M
$153.0M
两年增速更快
BALL
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.9B |
| 净利润 | $200.0M | $236.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 7.2% | 8.5% |
| 净利率 | 6.0% | 6.0% |
| 营收同比 | 16.2% | 3.0% |
| 净利润同比 | 766.7% | -13.9% |
| 每股收益（稀释后） | $0.73 | $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BALLGAP
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.3B | $3.5B | ||
| Q1 25 | $3.1B | $4.1B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $3.1B | $3.7B | ||
| Q2 24 | $3.0B | $3.4B | ||
| Q1 24 | $2.9B | $4.3B |
净利润BALLGAP
| Q4 25 | $200.0M | $236.0M | ||
| Q3 25 | $321.0M | $216.0M | ||
| Q2 25 | $215.0M | $193.0M | ||
| Q1 25 | $179.0M | $206.0M | ||
| Q4 24 | $-30.0M | $274.0M | ||
| Q3 24 | $199.0M | $206.0M | ||
| Q2 24 | $159.0M | $158.0M | ||
| Q1 24 | $3.7B | $185.0M |
毛利率BALLGAP
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | 17.7% | 42.6% | ||
| Q2 24 | 16.5% | 41.2% | ||
| Q1 24 | 16.6% | 38.9% |
营业利润率BALLGAP
| Q4 25 | 7.2% | 8.5% | ||
| Q3 25 | 11.6% | 7.8% | ||
| Q2 25 | 8.0% | 7.5% | ||
| Q1 25 | 7.4% | 6.2% | ||
| Q4 24 | 0.2% | 9.3% | ||
| Q3 24 | 7.4% | 7.9% | ||
| Q2 24 | 6.8% | 6.1% | ||
| Q1 24 | 6.8% | 5.0% |
净利率BALLGAP
| Q4 25 | 6.0% | 6.0% | ||
| Q3 25 | 9.5% | 5.8% | ||
| Q2 25 | 6.4% | 5.6% | ||
| Q1 25 | 5.8% | 5.0% | ||
| Q4 24 | -1.0% | 7.2% | ||
| Q3 24 | 6.5% | 5.5% | ||
| Q2 24 | 5.4% | 4.7% | ||
| Q1 24 | 128.3% | 4.3% |
每股收益（稀释后）BALLGAP
| Q4 25 | $0.73 | $0.62 | ||
| Q3 25 | $1.18 | $0.57 | ||
| Q2 25 | $0.76 | $0.51 | ||
| Q1 25 | $0.63 | $0.53 | ||
| Q4 24 | $0.23 | $0.72 | ||
| Q3 24 | $0.65 | $0.54 | ||
| Q2 24 | $0.51 | $0.41 | ||
| Q1 24 | $11.61 | $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 | $1.2B | $2.5B |
| 总债务越低越好 | $7.0B | — |
| 股东权益账面价值 | $5.4B | $3.6B |
| 总资产 | $19.5B | $12.4B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资BALLGAP
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $568.0M | $2.4B | ||
| Q2 25 | $296.0M | $2.2B | ||
| Q1 25 | $449.0M | $2.6B | ||
| Q4 24 | $885.0M | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.7B | $1.9B |
总债务BALLGAP
| Q4 25 | $7.0B | — | ||
| Q3 25 | $6.9B | — | ||
| Q2 25 | $6.5B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
股东权益BALLGAP
| Q4 25 | $5.4B | $3.6B | ||
| Q3 25 | $5.4B | $3.4B | ||
| Q2 25 | $5.2B | $3.3B | ||
| Q1 25 | $5.5B | $3.3B | ||
| Q4 24 | $5.9B | $3.1B | ||
| Q3 24 | $6.7B | $2.9B | ||
| Q2 24 | $6.9B | $2.7B | ||
| Q1 24 | $7.3B | $2.6B |
总资产BALLGAP
| Q4 25 | $19.5B | $12.4B | ||
| Q3 25 | $18.7B | $12.1B | ||
| Q2 25 | $18.6B | $11.6B | ||
| Q1 25 | $18.0B | $11.9B | ||
| Q4 24 | $17.6B | $11.9B | ||
| Q3 24 | $18.8B | $11.5B | ||
| Q2 24 | $19.0B | $10.9B | ||
| Q1 24 | $19.9B | $11.0B |
负债/权益比BALLGAP
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.76× | — |
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 | $1.2B | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $153.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 3.9% |
| 资本支出强度资本支出/营收 | 5.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 6.05× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $779.0M |
8季度趋势，按日历期对齐
经营现金流BALLGAP
| Q4 25 | $1.2B | $299.0M | ||
| Q3 25 | $384.0M | $448.0M | ||
| Q2 25 | $332.0M | $-140.0M | ||
| Q1 25 | $-665.0M | $616.0M | ||
| Q4 24 | $500.0M | $291.0M | ||
| Q3 24 | $610.0M | $549.0M | ||
| Q2 24 | $252.0M | $30.0M | ||
| Q1 24 | $-1.2B | $700.0M |
自由现金流BALLGAP
| Q4 25 | $1.0B | $153.0M | ||
| Q3 25 | $257.0M | $350.0M | ||
| Q2 25 | $236.0M | $-223.0M | ||
| Q1 25 | $-746.0M | $499.0M | ||
| Q4 24 | $393.0M | $143.0M | ||
| Q3 24 | $493.0M | $460.0M | ||
| Q2 24 | $146.0M | $-63.0M | ||
| Q1 24 | $-1.4B | $568.0M |
自由现金流率BALLGAP
| Q4 25 | 31.1% | 3.9% | ||
| Q3 25 | 7.6% | 9.4% | ||
| Q2 25 | 7.1% | -6.4% | ||
| Q1 25 | -24.1% | 12.0% | ||
| Q4 24 | 13.6% | 3.7% | ||
| Q3 24 | 16.0% | 12.4% | ||
| Q2 24 | 4.9% | -1.9% | ||
| Q1 24 | -48.7% | 13.2% |
资本支出强度BALLGAP
| Q4 25 | 5.1% | 3.7% | ||
| Q3 25 | 3.8% | 2.6% | ||
| Q2 25 | 2.9% | 2.4% | ||
| Q1 25 | 2.6% | 2.8% | ||
| Q4 24 | 3.7% | 3.9% | ||
| Q3 24 | 3.8% | 2.4% | ||
| Q2 24 | 3.6% | 2.7% | ||
| Q1 24 | 5.4% | 3.1% |
现金转化率BALLGAP
| Q4 25 | 6.05× | 1.27× | ||
| Q3 25 | 1.20× | 2.07× | ||
| Q2 25 | 1.54× | -0.73× | ||
| Q1 25 | -3.72× | 2.99× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | 3.07× | 2.67× | ||
| Q2 24 | 1.58× | 0.19× | ||
| Q1 24 | -0.34× | 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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
