vs
开利（CARR）与露露乐蒙（LULU）财务数据对比。点击上方公司名可切换其他公司
开利的季度营收约是露露乐蒙的1.9倍（$4.8B vs $2.6B），露露乐蒙净利率更高（12.0% vs 1.1%，领先10.9%），开利同比增速更快（33.2% vs 7.1%），开利自由现金流更多（$909.0M vs $82.4M），过去两年露露乐蒙的营收复合增速更高（-10.5% vs -11.5%）
开利全球是总部位于美国佛罗里达州棕榈滩花园的跨国企业，成立于1915年，主营暖通空调、制冷、消防及安防设备。公司最初以生产销售暖通空调系统起家，后续逐步拓展业务，覆盖商用制冷、餐饮服务设备及消防安防技术等领域。
露露乐蒙是源自美国和加拿大的跨国运动服饰零售商，1998年成立初期主打瑜伽裤及其他瑜伽服饰，目前已拓展业务至运动装备、休闲服饰、配件及个护产品，总部位于加拿大不列颠哥伦比亚省温哥华，共拥有767家线下门店，同时开设官方网站提供线上销售服务。
CARR vs LULU — 直观对比
营收规模更大
CARR
是对方的1.9倍
$2.6B
营收增速更快
CARR
高出26.2%
7.1%
净利率更高
LULU
高出10.9%
1.1%
自由现金流更多
CARR
多$826.6M
$82.4M
两年增速更快
LULU
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $2.6B |
| 净利润 | $53.0M | $306.8M |
| 毛利率 | — | 55.6% |
| 营业利润率 | 2.1% | 17.0% |
| 净利率 | 1.1% | 12.0% |
| 营收同比 | 33.2% | 7.1% |
| 净利润同比 | -97.9% | -12.8% |
| 每股收益（稀释后） | $0.07 | $2.59 |
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CARRLULU
| Q4 25 | $4.8B | $2.6B | ||
| Q3 25 | $5.6B | $2.5B | ||
| Q2 25 | $6.1B | $2.4B | ||
| Q1 25 | $5.2B | $3.6B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $6.0B | $2.4B | ||
| Q2 24 | $6.7B | $2.2B | ||
| Q1 24 | $6.2B | $3.2B |
净利润CARRLULU
| Q4 25 | $53.0M | $306.8M | ||
| Q3 25 | $428.0M | $370.9M | ||
| Q2 25 | $591.0M | $314.6M | ||
| Q1 25 | $412.0M | $748.4M | ||
| Q4 24 | $2.6B | $351.9M | ||
| Q3 24 | $447.0M | $392.9M | ||
| Q2 24 | $2.3B | $321.4M | ||
| Q1 24 | $269.0M | $669.5M |
毛利率CARRLULU
| Q4 25 | — | 55.6% | ||
| Q3 25 | — | 58.5% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 57.7% | ||
| Q1 24 | — | 59.4% |
营业利润率CARRLULU
| Q4 25 | 2.1% | 17.0% | ||
| Q3 25 | 9.7% | 20.7% | ||
| Q2 25 | 14.8% | 18.5% | ||
| Q1 25 | 12.1% | 28.9% | ||
| Q4 24 | -63.6% | 20.5% | ||
| Q3 24 | 12.8% | 22.8% | ||
| Q2 24 | 55.2% | 19.6% | ||
| Q1 24 | 8.1% | 28.5% |
净利率CARRLULU
| Q4 25 | 1.1% | 12.0% | ||
| Q3 25 | 7.7% | 14.7% | ||
| Q2 25 | 9.7% | 13.3% | ||
| Q1 25 | 7.9% | 20.7% | ||
| Q4 24 | 70.3% | 14.7% | ||
| Q3 24 | 7.5% | 16.6% | ||
| Q2 24 | 34.9% | 14.6% | ||
| Q1 24 | 4.4% | 20.9% |
每股收益（稀释后）CARRLULU
| Q4 25 | $0.07 | $2.59 | ||
| Q3 25 | $0.50 | $3.10 | ||
| Q2 25 | $0.68 | $2.60 | ||
| Q1 25 | $0.47 | $6.08 | ||
| Q4 24 | $2.82 | $2.87 | ||
| Q3 24 | $0.49 | $3.15 | ||
| Q2 24 | $2.55 | $2.54 | ||
| Q1 24 | $0.29 | $5.28 |
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 | $1.6B | — |
| 总债务越低越好 | $11.4B | — |
| 股东权益账面价值 | $14.1B | $4.5B |
| 总资产 | $37.2B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资CARRLULU
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $1.3B | — |
总债务CARRLULU
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.3B | — | ||
| Q2 25 | $11.3B | — | ||
| Q1 25 | $11.1B | — | ||
| Q4 24 | $11.0B | — | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $15.6B | — |
股东权益CARRLULU
| Q4 25 | $14.1B | $4.5B | ||
| Q3 25 | $14.8B | $4.4B | ||
| Q2 25 | $15.0B | $4.3B | ||
| Q1 25 | $14.2B | $4.3B | ||
| Q4 24 | $14.4B | $4.0B | ||
| Q3 24 | $15.0B | $4.0B | ||
| Q2 24 | $14.1B | $4.2B | ||
| Q1 24 | $11.9B | $4.2B |
总资产CARRLULU
| Q4 25 | $37.2B | $8.0B | ||
| Q3 25 | $38.1B | $7.5B | ||
| Q2 25 | $38.5B | $7.4B | ||
| Q1 25 | $36.4B | $7.6B | ||
| Q4 24 | $37.4B | $7.1B | ||
| Q3 24 | $40.2B | $6.7B | ||
| Q2 24 | $40.4B | $6.8B | ||
| Q1 24 | $40.8B | $7.1B |
负债/权益比CARRLULU
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.77× | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 1.31× | — |
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 | $1.0B | $249.9M |
| 自由现金流经营现金流 - 资本支出 | $909.0M | $82.4M |
| 自由现金流率自由现金流/营收 | 18.8% | 3.2% |
| 资本支出强度资本支出/营收 | 2.7% | 6.5% |
| 现金转化率经营现金流/净利润 | 19.62× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $1.1B |
8季度趋势，按日历期对齐
经营现金流CARRLULU
| Q4 25 | $1.0B | $249.9M | ||
| Q3 25 | $341.0M | $328.7M | ||
| Q2 25 | $649.0M | $-119.0M | ||
| Q1 25 | $483.0M | $1.4B | ||
| Q4 24 | $132.0M | $300.7M | ||
| Q3 24 | $-269.0M | $443.1M | ||
| Q2 24 | $660.0M | $127.5M | ||
| Q1 24 | $40.0M | $1.4B |
自由现金流CARRLULU
| Q4 25 | $909.0M | $82.4M | ||
| Q3 25 | $224.0M | $150.8M | ||
| Q2 25 | $568.0M | $-271.2M | ||
| Q1 25 | $420.0M | $1.2B | ||
| Q4 24 | $-85.0M | $122.2M | ||
| Q3 24 | $-356.0M | $298.1M | ||
| Q2 24 | $549.0M | $-3.2M | ||
| Q1 24 | $-64.0M | $1.2B |
自由现金流率CARRLULU
| Q4 25 | 18.8% | 3.2% | ||
| Q3 25 | 4.0% | 6.0% | ||
| Q2 25 | 9.3% | -11.4% | ||
| Q1 25 | 8.0% | 32.3% | ||
| Q4 24 | -2.3% | 5.1% | ||
| Q3 24 | -5.9% | 12.6% | ||
| Q2 24 | 8.2% | -0.1% | ||
| Q1 24 | -1.0% | 36.7% |
资本支出强度CARRLULU
| Q4 25 | 2.7% | 6.5% | ||
| Q3 25 | 2.1% | 7.0% | ||
| Q2 25 | 1.3% | 6.4% | ||
| Q1 25 | 1.2% | 6.5% | ||
| Q4 24 | 6.0% | 7.4% | ||
| Q3 24 | 1.5% | 6.1% | ||
| Q2 24 | 1.7% | 5.9% | ||
| Q1 24 | 1.7% | 6.4% |
现金转化率CARRLULU
| Q4 25 | 19.62× | 0.81× | ||
| Q3 25 | 0.80× | 0.89× | ||
| Q2 25 | 1.10× | -0.38× | ||
| Q1 25 | 1.17× | 1.87× | ||
| Q4 24 | 0.05× | 0.85× | ||
| Q3 24 | -0.60× | 1.13× | ||
| Q2 24 | 0.28× | 0.40× | ||
| Q1 24 | 0.15× | 2.07× |
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
CARR
| Products | $4.1B | 86% |
| Services | $699.0M | 14% |
LULU
| Womens Apparel | $1.6B | 64% |
| Mens Apparel | $596.2M | 23% |
| Accessories And Other Categories | $324.7M | 13% |
