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Conagra Brands（CAG）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
Conagra Brands的季度营收约是泰佩思琦的1.2倍（$3.0B vs $2.5B），泰佩思琦净利率更高（22.4% vs -22.3%，领先44.7%），泰佩思琦同比增速更快（14.0% vs -6.8%），泰佩思琦自由现金流更多（$1.0B vs $138.8M），过去两年泰佩思琦的营收复合增速更高（29.9% vs -0.9%）
Conagra Brands是美国包装消费品控股企业，1919年于内布拉斯加州成立，总部设在伊利诺伊州芝加哥。公司旗下拥有多个食品品牌，产品覆盖超市、餐厅及各类餐饮服务场所，2022年位列《财富》美国500强第331位。
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。
CAG vs TPR — 直观对比
营收规模更大
CAG
是对方的1.2倍
$2.5B
营收增速更快
TPR
高出20.7%
-6.8%
净利率更高
TPR
高出44.7%
-22.3%
自由现金流更多
TPR
多$898.7M
$138.8M
两年增速更快
TPR
近两年复合增速
-0.9%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.5B |
| 净利润 | $-663.6M | $561.3M |
| 毛利率 | 23.4% | 75.5% |
| 营业利润率 | -20.1% | 28.6% |
| 净利率 | -22.3% | 22.4% |
| 营收同比 | -6.8% | 14.0% |
| 净利润同比 | -333.3% | 80.8% |
| 每股收益（稀释后） | $-1.39 | $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CAGTPR
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.9B | $1.6B | ||
| Q1 24 | $3.0B | $1.5B |
净利润CAGTPR
| Q4 25 | $-663.6M | $561.3M | ||
| Q3 25 | $164.5M | $274.8M | ||
| Q2 25 | $256.0M | $-517.1M | ||
| Q1 25 | $145.1M | $203.3M | ||
| Q4 24 | $284.5M | $310.4M | ||
| Q3 24 | $466.8M | $186.6M | ||
| Q2 24 | $-567.3M | $159.3M | ||
| Q1 24 | $308.6M | $139.4M |
毛利率CAGTPR
| Q4 25 | 23.4% | 75.5% | ||
| Q3 25 | 24.3% | 76.3% | ||
| Q2 25 | 25.4% | 76.3% | ||
| Q1 25 | 25.0% | 76.1% | ||
| Q4 24 | 26.5% | 74.4% | ||
| Q3 24 | 26.5% | 75.3% | ||
| Q2 24 | 27.7% | 74.9% | ||
| Q1 24 | 28.3% | 74.7% |
营业利润率CAGTPR
| Q4 25 | -20.1% | 28.6% | ||
| Q3 25 | 13.2% | 19.3% | ||
| Q2 25 | 0.1% | -33.9% | ||
| Q1 25 | 13.9% | 16.0% | ||
| Q4 24 | 14.8% | 22.4% | ||
| Q3 24 | 17.7% | 16.7% | ||
| Q2 24 | -16.3% | 14.8% | ||
| Q1 24 | 19.1% | 13.8% |
净利率CAGTPR
| Q4 25 | -22.3% | 22.4% | ||
| Q3 25 | 6.2% | 16.1% | ||
| Q2 25 | 9.2% | -30.0% | ||
| Q1 25 | 5.1% | 12.8% | ||
| Q4 24 | 8.9% | 14.1% | ||
| Q3 24 | 16.7% | 12.4% | ||
| Q2 24 | -19.5% | 10.0% | ||
| Q1 24 | 10.2% | 9.4% |
每股收益（稀释后）CAGTPR
| Q4 25 | $-1.39 | $2.68 | ||
| Q3 25 | $0.34 | $1.28 | ||
| Q2 25 | $0.54 | $-2.30 | ||
| Q1 25 | $0.30 | $0.95 | ||
| Q4 24 | $0.59 | $1.38 | ||
| Q3 24 | $0.97 | $0.79 | ||
| Q2 24 | $-1.19 | $0.67 | ||
| Q1 24 | $0.64 | $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 | $46.6M | $1.1B |
| 总债务越低越好 | $7.2B | $2.4B |
| 股东权益账面价值 | $8.1B | $551.2M |
| 总资产 | $19.5B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.89× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资CAGTPR
| Q4 25 | $46.6M | $1.1B | ||
| Q3 25 | $698.1M | $743.2M | ||
| Q2 25 | $68.0M | $1.1B | ||
| Q1 25 | $49.4M | $1.1B | ||
| Q4 24 | $37.4M | $1.0B | ||
| Q3 24 | $128.7M | $7.3B | ||
| Q2 24 | $77.7M | $7.2B | ||
| Q1 24 | $78.5M | $7.4B |
总债务CAGTPR
| Q4 25 | $7.2B | $2.4B | ||
| Q3 25 | $8.2B | $2.4B | ||
| Q2 25 | $7.3B | $2.4B | ||
| Q1 25 | $7.3B | $2.4B | ||
| Q4 24 | $7.3B | $2.4B | ||
| Q3 24 | $7.5B | $7.0B | ||
| Q2 24 | $7.5B | $6.9B | ||
| Q1 24 | $8.5B | $7.7B |
股东权益CAGTPR
| Q4 25 | $8.1B | $551.2M | ||
| Q3 25 | $8.9B | $399.5M | ||
| Q2 25 | $8.9B | $857.8M | ||
| Q1 25 | $8.8B | $1.5B | ||
| Q4 24 | $8.8B | $1.3B | ||
| Q3 24 | $8.7B | $3.0B | ||
| Q2 24 | $8.4B | $2.9B | ||
| Q1 24 | $9.2B | $2.8B |
总资产CAGTPR
| Q4 25 | $19.5B | $6.5B | ||
| Q3 25 | $21.2B | $6.4B | ||
| Q2 25 | $20.9B | $6.6B | ||
| Q1 25 | $20.7B | $7.3B | ||
| Q4 24 | $21.0B | $7.3B | ||
| Q3 24 | $21.2B | $13.7B | ||
| Q2 24 | $20.9B | $13.4B | ||
| Q1 24 | $21.9B | $13.7B |
负债/权益比CAGTPR
| Q4 25 | 0.89× | 4.32× | ||
| Q3 25 | 0.92× | 5.95× | ||
| Q2 25 | 0.81× | 2.77× | ||
| Q1 25 | 0.83× | 1.59× | ||
| Q4 24 | 0.83× | 1.78× | ||
| Q3 24 | 0.86× | 2.35× | ||
| Q2 24 | 0.89× | 2.39× | ||
| Q1 24 | 0.93× | 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 | $210.6M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $138.8M | $1.0B |
| 自由现金流率自由现金流/营收 | 4.7% | 41.5% |
| 资本支出强度资本支出/营收 | 2.4% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $876.4M | $1.6B |
8季度趋势，按日历期对齐
经营现金流CAGTPR
| Q4 25 | $210.6M | $1.1B | ||
| Q3 25 | $120.6M | $112.6M | ||
| Q2 25 | $345.7M | $446.8M | ||
| Q1 25 | $592.0M | $144.3M | ||
| Q4 24 | $485.6M | $506.0M | ||
| Q3 24 | $268.6M | $119.5M | ||
| Q2 24 | $484.3M | $256.0M | ||
| Q1 24 | $676.7M | $97.8M |
自由现金流CAGTPR
| Q4 25 | $138.8M | $1.0B | ||
| Q3 25 | $-26.2M | $80.2M | ||
| Q2 25 | $260.6M | $411.5M | ||
| Q1 25 | $503.2M | $113.4M | ||
| Q4 24 | $403.2M | $475.1M | ||
| Q3 24 | $135.6M | $93.9M | ||
| Q2 24 | $405.8M | $209.8M | ||
| Q1 24 | $581.1M | $78.8M |
自由现金流率CAGTPR
| Q4 25 | 4.7% | 41.5% | ||
| Q3 25 | -1.0% | 4.7% | ||
| Q2 25 | 9.4% | 23.9% | ||
| Q1 25 | 17.7% | 7.2% | ||
| Q4 24 | 12.6% | 21.6% | ||
| Q3 24 | 4.9% | 6.2% | ||
| Q2 24 | 14.0% | 13.2% | ||
| Q1 24 | 19.2% | 5.3% |
资本支出强度CAGTPR
| Q4 25 | 2.4% | 1.7% | ||
| Q3 25 | 5.6% | 1.9% | ||
| Q2 25 | 3.1% | 2.0% | ||
| Q1 25 | 3.1% | 2.0% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 4.8% | 1.7% | ||
| Q2 24 | 2.7% | 2.9% | ||
| Q1 24 | 3.2% | 1.3% |
现金转化率CAGTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 0.73× | 0.41× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | 4.08× | 0.71× | ||
| Q4 24 | 1.71× | 1.63× | ||
| Q3 24 | 0.58× | 0.64× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | 2.19× | 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
CAG
| Frozen | $1.1B | 35% |
| Other Shelf Stable | $625.2M | 21% |
| Snacks | $583.9M | 20% |
| Foodservice | $288.4M | 10% |
| Other | $230.4M | 8% |
| Refrigerated | $196.0M | 7% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
