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TopBuild Corp（BLD）与Ulta Beauty（ULTA）财务数据对比。点击上方公司名可切换其他公司
Ulta Beauty的季度营收约是TopBuild Corp的1.9倍（$2.9B vs $1.5B），Ulta Beauty净利率更高（8.1% vs 7.0%，领先1.0%），TopBuild Corp同比增速更快（13.2% vs 12.9%），TopBuild Corp自由现金流更多（$159.4M vs $-81.6M），过去两年TopBuild Corp的营收复合增速更高（7.8% vs 7.2%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
Ulta Beauty是美国头部美妆连锁品牌，总部位于伊利诺伊州博林布鲁克，旗下门店在售商品覆盖高低端彩妆、香水、美甲、身体护理、美发产品及美妆工具等全品类美妆个护产品，每家门店均配备对外开放的美容沙龙，为消费者提供一站式美妆消费及服务体验。
BLD vs ULTA — 直观对比
营收规模更大
ULTA
是对方的1.9倍
$1.5B
营收增速更快
BLD
高出0.2%
12.9%
净利率更高
ULTA
高出1.0%
7.0%
自由现金流更多
BLD
多$241.0M
$-81.6M
两年增速更快
BLD
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.9B |
| 净利润 | $104.5M | $230.9M |
| 毛利率 | 27.2% | 40.4% |
| 营业利润率 | 12.1% | 10.8% |
| 净利率 | 7.0% | 8.1% |
| 营收同比 | 13.2% | 12.9% |
| 净利润同比 | -30.6% | -4.7% |
| 每股收益（稀释后） | $3.69 | $5.14 |
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BLDULTA
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.3B | $3.6B |
净利润BLDULTA
| Q4 25 | $104.5M | $230.9M | ||
| Q3 25 | $142.2M | $260.9M | ||
| Q2 25 | $151.6M | $305.1M | ||
| Q1 25 | $123.4M | — | ||
| Q4 24 | $150.5M | $242.2M | ||
| Q3 24 | $169.0M | $252.6M | ||
| Q2 24 | $150.7M | $313.1M | ||
| Q1 24 | $152.4M | $394.4M |
毛利率BLDULTA
| Q4 25 | 27.2% | 40.4% | ||
| Q3 25 | 30.1% | 39.2% | ||
| Q2 25 | 30.4% | 39.1% | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | 39.7% | ||
| Q3 24 | 30.7% | 38.3% | ||
| Q2 24 | 31.0% | 39.2% | ||
| Q1 24 | 30.3% | 37.7% |
营业利润率BLDULTA
| Q4 25 | 12.1% | 10.8% | ||
| Q3 25 | 15.4% | 12.4% | ||
| Q2 25 | 16.9% | 14.1% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.6% | 12.6% | ||
| Q3 24 | 17.8% | 12.9% | ||
| Q2 24 | 15.4% | 14.7% | ||
| Q1 24 | 16.8% | 14.5% |
净利率BLDULTA
| Q4 25 | 7.0% | 8.1% | ||
| Q3 25 | 10.2% | 9.4% | ||
| Q2 25 | 11.7% | 10.7% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.5% | 9.6% | ||
| Q3 24 | 12.3% | 9.9% | ||
| Q2 24 | 11.0% | 11.5% | ||
| Q1 24 | 11.9% | 11.1% |
每股收益（稀释后）BLDULTA
| Q4 25 | $3.69 | $5.14 | ||
| Q3 25 | $5.04 | $5.78 | ||
| Q2 25 | $5.32 | $6.70 | ||
| Q1 25 | $4.23 | — | ||
| Q4 24 | $5.07 | $5.14 | ||
| Q3 24 | $5.65 | $5.30 | ||
| Q2 24 | $4.78 | $6.47 | ||
| Q1 24 | $4.79 | $8.06 |
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 | $184.7M | $204.9M |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $2.6B |
| 总资产 | $6.6B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDULTA
| Q4 25 | $184.7M | $204.9M | ||
| Q3 25 | $1.1B | $242.7M | ||
| Q2 25 | $842.5M | $454.6M | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | $177.8M | ||
| Q3 24 | $257.3M | $414.0M | ||
| Q2 24 | $463.2M | $524.6M | ||
| Q1 24 | $968.8M | $766.6M |
总债务BLDULTA
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益BLDULTA
| Q4 25 | $2.3B | $2.6B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.4B | $2.3B | ||
| Q1 24 | $2.7B | $2.3B |
总资产BLDULTA
| Q4 25 | $6.6B | $7.0B | ||
| Q3 25 | $6.4B | $6.6B | ||
| Q2 25 | $5.1B | $6.0B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.7B | $6.0B | ||
| Q3 24 | $4.7B | $5.7B | ||
| Q2 24 | $4.9B | $5.6B | ||
| Q1 24 | $5.3B | $5.7B |
负债/权益比BLDULTA
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $176.7M | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $-81.6M |
| 自由现金流率自由现金流/营收 | 10.7% | -2.9% |
| 资本支出强度资本支出/营收 | 1.2% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.69× | 0.02× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $-92.2M |
8季度趋势，按日历期对齐
经营现金流BLDULTA
| Q4 25 | $176.7M | $5.6M | ||
| Q3 25 | $233.3M | $96.5M | ||
| Q2 25 | $193.7M | $220.0M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $266.2M | $-56.8M | ||
| Q3 24 | $240.7M | $199.5M | ||
| Q2 24 | $90.4M | $159.3M | ||
| Q1 24 | $178.8M | $1.1B |
自由现金流BLDULTA
| Q4 25 | $159.4M | $-81.6M | ||
| Q3 25 | $216.2M | $19.6M | ||
| Q2 25 | $182.2M | $141.0M | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | $-171.1M | ||
| Q3 24 | $219.8M | $104.3M | ||
| Q2 24 | $74.3M | $68.3M | ||
| Q1 24 | $158.9M | $994.0M |
自由现金流率BLDULTA
| Q4 25 | 10.7% | -2.9% | ||
| Q3 25 | 15.5% | 0.7% | ||
| Q2 25 | 14.0% | 4.9% | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | -6.8% | ||
| Q3 24 | 16.0% | 4.1% | ||
| Q2 24 | 5.4% | 2.5% | ||
| Q1 24 | 12.4% | 28.0% |
资本支出强度BLDULTA
| Q4 25 | 1.2% | 3.1% | ||
| Q3 25 | 1.2% | 2.8% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | 4.5% | ||
| Q3 24 | 1.5% | 3.7% | ||
| Q2 24 | 1.2% | 3.3% | ||
| Q1 24 | 1.6% | 3.5% |
现金转化率BLDULTA
| Q4 25 | 1.69× | 0.02× | ||
| Q3 25 | 1.64× | 0.37× | ||
| Q2 25 | 1.28× | 0.72× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | -0.23× | ||
| Q3 24 | 1.42× | 0.79× | ||
| Q2 24 | 0.60× | 0.51× | ||
| Q1 24 | 1.17× | 2.84× |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
ULTA
暂无分部数据
