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Builders FirstSource（BLDR）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
Builders FirstSource的季度营收约是泰佩思琦的1.3倍（$3.4B vs $2.5B），泰佩思琦净利率更高（22.4% vs 0.9%，领先21.5%），泰佩思琦同比增速更快（14.0% vs -12.1%），泰佩思琦自由现金流更多（$1.0B vs $106.7M），过去两年泰佩思琦的营收复合增速更高（29.9% vs -7.1%）
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
BLDR vs TPR — 直观对比
营收规模更大
BLDR
是对方的1.3倍
$2.5B
营收增速更快
TPR
高出26.1%
-12.1%
净利率更高
TPR
高出21.5%
0.9%
自由现金流更多
TPR
多$930.8M
$106.7M
两年增速更快
TPR
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.5B |
| 净利润 | $31.5M | $561.3M |
| 毛利率 | 29.8% | 75.5% |
| 营业利润率 | 1.8% | 28.6% |
| 净利率 | 0.9% | 22.4% |
| 营收同比 | -12.1% | 14.0% |
| 净利润同比 | -83.5% | 80.8% |
| 每股收益（稀释后） | $0.29 | $2.68 |
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BLDRTPR
| Q4 25 | $3.4B | $2.5B | ||
| Q3 25 | $3.9B | $1.7B | ||
| Q2 25 | $4.2B | $1.7B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $4.2B | $1.5B | ||
| Q2 24 | $4.5B | $1.6B | ||
| Q1 24 | $3.9B | $1.5B |
净利润BLDRTPR
| Q4 25 | $31.5M | $561.3M | ||
| Q3 25 | $122.4M | $274.8M | ||
| Q2 25 | $185.0M | $-517.1M | ||
| Q1 25 | $96.3M | $203.3M | ||
| Q4 24 | $190.2M | $310.4M | ||
| Q3 24 | $284.8M | $186.6M | ||
| Q2 24 | $344.1M | $159.3M | ||
| Q1 24 | $258.8M | $139.4M |
毛利率BLDRTPR
| Q4 25 | 29.8% | 75.5% | ||
| Q3 25 | 30.4% | 76.3% | ||
| Q2 25 | 30.7% | 76.3% | ||
| Q1 25 | 30.5% | 76.1% | ||
| Q4 24 | 32.3% | 74.4% | ||
| Q3 24 | 32.8% | 75.3% | ||
| Q2 24 | 32.8% | 74.9% | ||
| Q1 24 | 33.4% | 74.7% |
营业利润率BLDRTPR
| Q4 25 | 1.8% | 28.6% | ||
| Q3 25 | 5.8% | 19.3% | ||
| Q2 25 | 7.4% | -33.9% | ||
| Q1 25 | 5.0% | 16.0% | ||
| Q4 24 | 8.0% | 22.4% | ||
| Q3 24 | 10.1% | 16.7% | ||
| Q2 24 | 11.0% | 14.8% | ||
| Q1 24 | 9.6% | 13.8% |
净利率BLDRTPR
| Q4 25 | 0.9% | 22.4% | ||
| Q3 25 | 3.1% | 16.1% | ||
| Q2 25 | 4.4% | -30.0% | ||
| Q1 25 | 2.6% | 12.8% | ||
| Q4 24 | 5.0% | 14.1% | ||
| Q3 24 | 6.7% | 12.4% | ||
| Q2 24 | 7.7% | 10.0% | ||
| Q1 24 | 6.7% | 9.4% |
每股收益（稀释后）BLDRTPR
| Q4 25 | $0.29 | $2.68 | ||
| Q3 25 | $1.10 | $1.28 | ||
| Q2 25 | $1.66 | $-2.30 | ||
| Q1 25 | $0.84 | $0.95 | ||
| Q4 24 | $1.65 | $1.38 | ||
| Q3 24 | $2.44 | $0.79 | ||
| Q2 24 | $2.87 | $0.67 | ||
| Q1 24 | $2.10 | $0.60 |
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 | $181.8M | $1.1B |
| 总债务越低越好 | $4.4B | $2.4B |
| 股东权益账面价值 | $4.4B | $551.2M |
| 总资产 | $11.2B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.02× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资BLDRTPR
| Q4 25 | $181.8M | $1.1B | ||
| Q3 25 | $296.2M | $743.2M | ||
| Q2 25 | $87.0M | $1.1B | ||
| Q1 25 | $115.4M | $1.1B | ||
| Q4 24 | $153.6M | $1.0B | ||
| Q3 24 | $328.1M | $7.3B | ||
| Q2 24 | $75.6M | $7.2B | ||
| Q1 24 | $697.5M | $7.4B |
总债务BLDRTPR
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.4B | $2.4B | ||
| Q2 25 | $4.7B | $2.4B | ||
| Q1 25 | $4.5B | $2.4B | ||
| Q4 24 | $3.7B | $2.4B | ||
| Q3 24 | $3.7B | $7.0B | ||
| Q2 24 | $3.8B | $6.9B | ||
| Q1 24 | $3.7B | $7.7B |
股东权益BLDRTPR
| Q4 25 | $4.4B | $551.2M | ||
| Q3 25 | $4.3B | $399.5M | ||
| Q2 25 | $4.2B | $857.8M | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.3B | $1.3B | ||
| Q3 24 | $4.4B | $3.0B | ||
| Q2 24 | $4.3B | $2.9B | ||
| Q1 24 | $5.0B | $2.8B |
总资产BLDRTPR
| Q4 25 | $11.2B | $6.5B | ||
| Q3 25 | $11.4B | $6.4B | ||
| Q2 25 | $11.5B | $6.6B | ||
| Q1 25 | $11.4B | $7.3B | ||
| Q4 24 | $10.6B | $7.3B | ||
| Q3 24 | $10.9B | $13.7B | ||
| Q2 24 | $10.7B | $13.4B | ||
| Q1 24 | $11.2B | $13.7B |
负债/权益比BLDRTPR
| Q4 25 | 1.02× | 4.32× | ||
| Q3 25 | 1.03× | 5.95× | ||
| Q2 25 | 1.12× | 2.77× | ||
| Q1 25 | 1.02× | 1.59× | ||
| Q4 24 | 0.86× | 1.78× | ||
| Q3 24 | 0.83× | 2.35× | ||
| Q2 24 | 0.88× | 2.39× | ||
| Q1 24 | 0.75× | 2.77× |
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 | $194.8M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $1.0B |
| 自由现金流率自由现金流/营收 | 3.2% | 41.5% |
| 资本支出强度资本支出/营收 | 2.6% | 1.7% |
| 现金转化率经营现金流/净利润 | 6.19× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $853.3M | $1.6B |
8季度趋势，按日历期对齐
经营现金流BLDRTPR
| Q4 25 | $194.8M | $1.1B | ||
| Q3 25 | $547.7M | $112.6M | ||
| Q2 25 | $341.0M | $446.8M | ||
| Q1 25 | $132.3M | $144.3M | ||
| Q4 24 | $373.5M | $506.0M | ||
| Q3 24 | $730.0M | $119.5M | ||
| Q2 24 | $452.1M | $256.0M | ||
| Q1 24 | $317.2M | $97.8M |
自由现金流BLDRTPR
| Q4 25 | $106.7M | $1.0B | ||
| Q3 25 | $461.9M | $80.2M | ||
| Q2 25 | $252.3M | $411.5M | ||
| Q1 25 | $32.4M | $113.4M | ||
| Q4 24 | $273.8M | $475.1M | ||
| Q3 24 | $630.4M | $93.9M | ||
| Q2 24 | $364.0M | $209.8M | ||
| Q1 24 | $224.0M | $78.8M |
自由现金流率BLDRTPR
| Q4 25 | 3.2% | 41.5% | ||
| Q3 25 | 11.7% | 4.7% | ||
| Q2 25 | 6.0% | 23.9% | ||
| Q1 25 | 0.9% | 7.2% | ||
| Q4 24 | 7.2% | 21.6% | ||
| Q3 24 | 14.9% | 6.2% | ||
| Q2 24 | 8.2% | 13.2% | ||
| Q1 24 | 5.8% | 5.3% |
资本支出强度BLDRTPR
| Q4 25 | 2.6% | 1.7% | ||
| Q3 25 | 2.2% | 1.9% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 2.7% | 2.0% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 2.0% | 2.9% | ||
| Q1 24 | 2.4% | 1.3% |
现金转化率BLDRTPR
| Q4 25 | 6.19× | 1.93× | ||
| Q3 25 | 4.48× | 0.41× | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 1.37× | 0.71× | ||
| Q4 24 | 1.96× | 1.63× | ||
| Q3 24 | 2.56× | 0.64× | ||
| Q2 24 | 1.31× | 1.61× | ||
| Q1 24 | 1.23× | 0.70× |
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
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
