vs
勃肯（BIRK）与CALERES INC（CAL）财务数据对比。点击上方公司名可切换其他公司
CALERES INC的季度营收约是勃肯的1.5倍（$790.1M vs $526.3M）。勃肯净利率更高（19.3% vs 0.3%，领先19.0%）。过去两年勃肯的营收复合增速更高（26.8% vs 6.5%）
勃肯是源自德国的知名鞋履制造商，1774年成立，总部位于莱茵兰-普法尔茨州维德河畔诺伊施塔特。品牌标志性产品采用麂皮、黄麻层叠打造的弧形软木鞋垫，可贴合穿着者脚型，尤以舒适凉鞋品类闻名，创立初衷是为替代当时普遍的平底鞋，推出兼具支撑性与贴合度的鞋款。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
BIRK vs CAL — 直观对比
营收规模更大
CAL
是对方的1.5倍
$526.3M
净利率更高
BIRK
高出19.0%
0.3%
两年增速更快
BIRK
近两年复合增速
6.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $526.3M | $790.1M |
| 净利润 | $101.4M | $2.4M |
| 毛利率 | 62.8% | 41.8% |
| 营业利润率 | 23.0% | 1.5% |
| 净利率 | 19.3% | 0.3% |
| 营收同比 | — | 6.6% |
| 净利润同比 | — | -94.2% |
| 每股收益（稀释后） | — | $0.07 |
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BIRKCAL
| Q4 25 | — | $790.1M | ||
| Q3 25 | $526.3M | $658.5M | ||
| Q2 25 | $685.8M | $614.2M | ||
| Q1 25 | $620.3M | $639.2M | ||
| Q4 24 | $390.7M | $740.9M | ||
| Q3 24 | $455.8M | $683.3M | ||
| Q2 24 | $609.9M | $659.2M | ||
| Q1 24 | $519.7M | $697.1M |
净利润BIRKCAL
| Q4 25 | — | $2.4M | ||
| Q3 25 | $101.4M | $6.7M | ||
| Q2 25 | $139.6M | $6.9M | ||
| Q1 25 | $113.5M | $4.9M | ||
| Q4 24 | $21.7M | $41.4M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | $80.6M | $30.9M | ||
| Q1 24 | $77.4M | $55.7M |
毛利率BIRKCAL
| Q4 25 | — | 41.8% | ||
| Q3 25 | 62.8% | 43.4% | ||
| Q2 25 | 60.5% | 45.4% | ||
| Q1 25 | 57.7% | 43.0% | ||
| Q4 24 | 60.3% | 44.1% | ||
| Q3 24 | — | 45.5% | ||
| Q2 24 | 59.5% | 46.9% | ||
| Q1 24 | 56.3% | 43.9% |
营业利润率BIRKCAL
| Q4 25 | — | 1.5% | ||
| Q3 25 | 23.0% | 1.4% | ||
| Q2 25 | 31.2% | 1.9% | ||
| Q1 25 | 30.5% | 1.2% | ||
| Q4 24 | 17.7% | 7.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | 27.5% | 6.5% | ||
| Q1 24 | 27.5% | 4.4% |
净利率BIRKCAL
| Q4 25 | — | 0.3% | ||
| Q3 25 | 19.3% | 1.0% | ||
| Q2 25 | 20.3% | 1.1% | ||
| Q1 25 | 18.3% | 0.8% | ||
| Q4 24 | 5.6% | 5.6% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | 13.2% | 4.7% | ||
| Q1 24 | 14.9% | 8.0% |
每股收益（稀释后）BIRKCAL
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.21 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.19 | ||
| Q3 24 | — | $0.85 | ||
| Q2 24 | — | $0.88 | ||
| Q1 24 | — | $1.56 |
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 | $355.4M | $34.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $616.8M |
| 总资产 | $5.3B | $2.1B |
| 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BIRKCAL
| Q4 25 | — | $34.0M | ||
| Q3 25 | $355.4M | $191.5M | ||
| Q2 25 | $282.8M | $33.1M | ||
| Q1 25 | $254.2M | $29.6M | ||
| Q4 24 | $322.5M | $33.7M | ||
| Q3 24 | $384.3M | $51.8M | ||
| Q2 24 | $436.7M | $30.7M | ||
| Q1 24 | $189.8M | $21.4M |
股东权益BIRKCAL
| Q4 25 | — | $616.8M | ||
| Q3 25 | $2.9B | $613.3M | ||
| Q2 25 | $2.8B | $605.2M | ||
| Q1 25 | $3.0B | $599.0M | ||
| Q4 24 | $3.0B | $598.3M | ||
| Q3 24 | $2.8B | $606.1M | ||
| Q2 24 | $2.8B | $570.3M | ||
| Q1 24 | $2.7B | $560.6M |
总资产BIRKCAL
| Q4 25 | — | $2.1B | ||
| Q3 25 | $5.3B | $2.2B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $5.4B | $2.0B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $5.4B | $1.9B | ||
| Q1 24 | $5.2B | $1.8B |
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 | $415.0M | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.4M |
| 自由现金流率自由现金流/营收 | — | -1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 4.09× | -0.50× |
| 过去12个月自由现金流最近4个季度 | — | $14.4M |
8季度趋势，按日历期对齐
经营现金流BIRKCAL
| Q4 25 | — | $-1.2M | ||
| Q3 25 | $415.0M | $47.3M | ||
| Q2 25 | — | $-5.7M | ||
| Q1 25 | — | $28.7M | ||
| Q4 24 | $-12.6M | $-39.8M | ||
| Q3 24 | $463.0M | $79.6M | ||
| Q2 24 | — | $36.1M | ||
| Q1 24 | — | $43.0M |
自由现金流BIRKCAL
| Q4 25 | — | $-12.4M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $-26.2M | ||
| Q1 25 | — | $18.0M | ||
| Q4 24 | — | $-57.4M | ||
| Q3 24 | — | $68.5M | ||
| Q2 24 | — | $26.3M | ||
| Q1 24 | — | $32.4M |
自由现金流率BIRKCAL
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | -4.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 4.6% |
资本支出强度BIRKCAL
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.5% |
现金转化率BIRKCAL
| Q4 25 | — | -0.50× | ||
| Q3 25 | 4.09× | 7.05× | ||
| Q2 25 | — | -0.81× | ||
| Q1 25 | — | 5.82× | ||
| Q4 24 | -0.58× | -0.96× | ||
| Q3 24 | — | 2.66× | ||
| Q2 24 | — | 1.17× | ||
| Q1 24 | — | 0.77× |
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
BIRK
暂无分部数据
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
