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富兰克林邓普顿（BEN）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富兰克林邓普顿的1.7倍（$3.9B vs $2.3B），富兰克林邓普顿净利率更高（11.0% vs 6.0%，领先5.0%），富兰克林邓普顿同比增速更快（3.4% vs 3.0%），过去两年富兰克林邓普顿的营收复合增速更高（4.0% vs -4.2%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
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。
BEN vs GAP — 直观对比
营收规模更大
GAP
是对方的1.7倍
$2.3B
营收增速更快
BEN
高出0.4%
3.0%
净利率更高
BEN
高出5.0%
6.0%
两年增速更快
BEN
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.9B |
| 净利润 | $255.5M | $236.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 12.1% | 8.5% |
| 净利率 | 11.0% | 6.0% |
| 营收同比 | 3.4% | 3.0% |
| 净利润同比 | 56.2% | -13.9% |
| 每股收益（稀释后） | $0.46 | $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BENGAP
| Q4 25 | $2.3B | $3.9B | ||
| Q3 25 | $2.3B | $3.7B | ||
| Q2 25 | $2.1B | $3.5B | ||
| Q1 25 | $2.1B | $4.1B | ||
| Q4 24 | $2.3B | $3.8B | ||
| Q3 24 | $2.2B | $3.7B | ||
| Q2 24 | $2.1B | $3.4B | ||
| Q1 24 | $2.2B | $4.3B |
净利润BENGAP
| Q4 25 | $255.5M | $236.0M | ||
| Q3 25 | $117.6M | $216.0M | ||
| Q2 25 | $92.3M | $193.0M | ||
| Q1 25 | $151.4M | $206.0M | ||
| Q4 24 | $163.6M | $274.0M | ||
| Q3 24 | $-84.7M | $206.0M | ||
| Q2 24 | $174.0M | $158.0M | ||
| Q1 24 | $124.2M | $185.0M |
毛利率BENGAP
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 42.6% | ||
| Q2 24 | — | 41.2% | ||
| Q1 24 | — | 38.9% |
营业利润率BENGAP
| Q4 25 | 12.1% | 8.5% | ||
| Q3 25 | 3.6% | 7.8% | ||
| Q2 25 | 7.5% | 7.5% | ||
| Q1 25 | 6.9% | 6.2% | ||
| Q4 24 | 9.7% | 9.3% | ||
| Q3 24 | -6.8% | 7.9% | ||
| Q2 24 | 10.5% | 6.1% | ||
| Q1 24 | 6.0% | 5.0% |
净利率BENGAP
| Q4 25 | 11.0% | 6.0% | ||
| Q3 25 | 5.0% | 5.8% | ||
| Q2 25 | 4.5% | 5.6% | ||
| Q1 25 | 7.2% | 5.0% | ||
| Q4 24 | 7.3% | 7.2% | ||
| Q3 24 | -3.8% | 5.5% | ||
| Q2 24 | 8.2% | 4.7% | ||
| Q1 24 | 5.8% | 4.3% |
每股收益（稀释后）BENGAP
| Q4 25 | $0.46 | $0.62 | ||
| Q3 25 | $0.21 | $0.57 | ||
| Q2 25 | $0.15 | $0.51 | ||
| Q1 25 | $0.26 | $0.53 | ||
| Q4 24 | $0.29 | $0.72 | ||
| Q3 24 | $-0.20 | $0.54 | ||
| Q2 24 | $0.32 | $0.41 | ||
| Q1 24 | $0.23 | $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 | — | $2.5B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $12.1B | $3.6B |
| 总资产 | $32.5B | $12.4B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资BENGAP
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.9B |
总债务BENGAP
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益BENGAP
| Q4 25 | $12.1B | $3.6B | ||
| Q3 25 | $12.1B | $3.4B | ||
| Q2 25 | $12.2B | $3.3B | ||
| Q1 25 | $12.3B | $3.3B | ||
| Q4 24 | $12.5B | $3.1B | ||
| Q3 24 | $12.5B | $2.9B | ||
| Q2 24 | $12.9B | $2.7B | ||
| Q1 24 | $12.9B | $2.6B |
总资产BENGAP
| Q4 25 | $32.5B | $12.4B | ||
| Q3 25 | $32.4B | $12.1B | ||
| Q2 25 | $32.6B | $11.6B | ||
| Q1 25 | $32.0B | $11.9B | ||
| Q4 24 | $32.4B | $11.9B | ||
| Q3 24 | $32.5B | $11.5B | ||
| Q2 24 | $33.3B | $10.9B | ||
| Q1 24 | $32.9B | $11.0B |
负债/权益比BENGAP
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | 0.24× | — | ||
| Q1 24 | 0.24× | — |
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 | $-255.1M | $299.0M |
| 自由现金流经营现金流 - 资本支出 | — | $153.0M |
| 自由现金流率自由现金流/营收 | — | 3.9% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | -1.00× | 1.27× |
| 过去12个月自由现金流最近4个季度 | — | $779.0M |
8季度趋势，按日历期对齐
经营现金流BENGAP
| Q4 25 | $-255.1M | $299.0M | ||
| Q3 25 | $-20.7M | $448.0M | ||
| Q2 25 | $1.3B | $-140.0M | ||
| Q1 25 | $-50.1M | $616.0M | ||
| Q4 24 | $-145.2M | $291.0M | ||
| Q3 24 | $558.2M | $549.0M | ||
| Q2 24 | $528.4M | $30.0M | ||
| Q1 24 | $136.6M | $700.0M |
自由现金流BENGAP
| Q4 25 | — | $153.0M | ||
| Q3 25 | $-51.9M | $350.0M | ||
| Q2 25 | $1.3B | $-223.0M | ||
| Q1 25 | $-87.6M | $499.0M | ||
| Q4 24 | $-217.0M | $143.0M | ||
| Q3 24 | $488.4M | $460.0M | ||
| Q2 24 | $482.3M | $-63.0M | ||
| Q1 24 | $94.9M | $568.0M |
自由现金流率BENGAP
| Q4 25 | — | 3.9% | ||
| Q3 25 | -2.2% | 9.4% | ||
| Q2 25 | 61.4% | -6.4% | ||
| Q1 25 | -4.1% | 12.0% | ||
| Q4 24 | -9.6% | 3.7% | ||
| Q3 24 | 22.1% | 12.4% | ||
| Q2 24 | 22.7% | -1.9% | ||
| Q1 24 | 4.4% | 13.2% |
资本支出强度BENGAP
| Q4 25 | — | 3.7% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 1.8% | 2.8% | ||
| Q4 24 | 3.2% | 3.9% | ||
| Q3 24 | 3.2% | 2.4% | ||
| Q2 24 | 2.2% | 2.7% | ||
| Q1 24 | 1.9% | 3.1% |
现金转化率BENGAP
| Q4 25 | -1.00× | 1.27× | ||
| Q3 25 | -0.18× | 2.07× | ||
| Q2 25 | 13.89× | -0.73× | ||
| Q1 25 | -0.33× | 2.99× | ||
| Q4 24 | -0.89× | 1.06× | ||
| Q3 24 | — | 2.67× | ||
| Q2 24 | 3.04× | 0.19× | ||
| Q1 24 | 1.10× | 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
BEN
| Investment Advisory Management And Administrative Service | $1.8B | 79% |
| Sales And Distribution Fees | $388.7M | 17% |
| Shareholder Service | $70.9M | 3% |
| Service Other | $19.6M | 1% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
