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科蒂（COTY）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是科蒂的1.1倍（$1.8B vs $1.7B），西蒙地产集团净利率更高（197.6% vs -7.4%，领先205.0%），西蒙地产集团同比增速更快（13.2% vs 0.5%），西蒙地产集团自由现金流更多（$948.8M vs $513.1M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs 10.1%）
科蒂是1904年由弗朗索瓦·科蒂在巴黎创立的跨国美妆企业，现注册地为美国特拉华州，全球总部位于荷兰阿姆斯特丹。旗下业务覆盖香水、彩妆、护肤、美甲产品以及专业线和零售线护发产品的研发、生产、营销与分销，截至2024年共拥有约40个品牌。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
COTY vs SPG — 直观对比
营收规模更大
SPG
是对方的1.1倍
$1.7B
营收增速更快
SPG
高出12.7%
0.5%
净利率更高
SPG
高出205.0%
-7.4%
自由现金流更多
SPG
多$435.7M
$513.1M
两年增速更快
SPG
近两年复合增速
10.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.8B |
| 净利润 | $-123.6M | $3.5B |
| 毛利率 | 63.8% | — |
| 营业利润率 | 8.8% | 49.7% |
| 净利率 | -7.4% | 197.6% |
| 营收同比 | 0.5% | 13.2% |
| 净利润同比 | -621.5% | 358.7% |
| 每股收益（稀释后） | $-0.14 | $9.34 |
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COTYSPG
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.4B |
净利润COTYSPG
| Q4 25 | $-123.6M | $3.5B | ||
| Q3 25 | $67.9M | $702.7M | ||
| Q2 25 | $-68.8M | $643.7M | ||
| Q1 25 | $-405.7M | $477.9M | ||
| Q4 24 | $23.7M | $771.8M | ||
| Q3 24 | $82.9M | $546.7M | ||
| Q2 24 | $-96.9M | $569.4M | ||
| Q1 24 | $3.8M | $841.2M |
毛利率COTYSPG
| Q4 25 | 63.8% | — | ||
| Q3 25 | 64.5% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 64.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 64.2% | — | ||
| Q1 24 | 64.8% | — |
营业利润率COTYSPG
| Q4 25 | 8.8% | 49.7% | ||
| Q3 25 | 11.7% | 50.8% | ||
| Q2 25 | 1.2% | 49.7% | ||
| Q1 25 | -21.6% | 49.4% | ||
| Q4 24 | 16.1% | 52.8% | ||
| Q3 24 | 14.2% | 51.9% | ||
| Q2 24 | 2.5% | 51.7% | ||
| Q1 24 | 5.6% | 51.0% |
净利率COTYSPG
| Q4 25 | -7.4% | 197.6% | ||
| Q3 25 | 4.3% | 43.9% | ||
| Q2 25 | -5.5% | 43.0% | ||
| Q1 25 | -31.2% | 32.4% | ||
| Q4 24 | 1.4% | 48.8% | ||
| Q3 24 | 5.0% | 36.9% | ||
| Q2 24 | -7.1% | 39.0% | ||
| Q1 24 | 0.3% | 58.3% |
每股收益（稀释后）COTYSPG
| Q4 25 | $-0.14 | $9.34 | ||
| Q3 25 | $0.07 | $1.86 | ||
| Q2 25 | $-0.08 | $1.70 | ||
| Q1 25 | $-0.47 | $1.27 | ||
| Q4 24 | $0.02 | $2.04 | ||
| Q3 24 | $0.09 | $1.46 | ||
| Q2 24 | $-0.11 | $1.51 | ||
| Q1 24 | $0.00 | $2.25 |
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 | $436.7M | $823.1M |
| 总债务越低越好 | $3.0B | $28.4B |
| 股东权益账面价值 | $3.5B | $5.2B |
| 总资产 | $11.1B | $40.6B |
| 负债/权益比越低杠杆越低 | 0.85× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资COTYSPG
| Q4 25 | $436.7M | $823.1M | ||
| Q3 25 | $264.6M | $1.6B | ||
| Q2 25 | $257.1M | $1.2B | ||
| Q1 25 | $243.5M | $1.4B | ||
| Q4 24 | $249.6M | $1.4B | ||
| Q3 24 | $283.6M | $2.5B | ||
| Q2 24 | $300.8M | $2.5B | ||
| Q1 24 | $260.2M | $2.6B |
总债务COTYSPG
| Q4 25 | $3.0B | $28.4B | ||
| Q3 25 | $4.0B | $25.8B | ||
| Q2 25 | $4.0B | $25.4B | ||
| Q1 25 | $3.8B | $24.8B | ||
| Q4 24 | $3.4B | $24.3B | ||
| Q3 24 | $3.9B | $25.4B | ||
| Q2 24 | $3.8B | $25.3B | ||
| Q1 24 | $3.9B | $25.5B |
股东权益COTYSPG
| Q4 25 | $3.5B | $5.2B | ||
| Q3 25 | $3.6B | $2.3B | ||
| Q2 25 | $3.5B | $2.5B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $4.0B | $2.7B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $4.0B | $3.1B |
总资产COTYSPG
| Q4 25 | $11.1B | $40.6B | ||
| Q3 25 | $12.1B | $33.6B | ||
| Q2 25 | $11.9B | $33.3B | ||
| Q1 25 | $11.5B | $32.5B | ||
| Q4 24 | $11.7B | $32.4B | ||
| Q3 24 | $12.5B | $33.3B | ||
| Q2 24 | $12.1B | $33.4B | ||
| Q1 24 | $12.3B | $33.7B |
负债/权益比COTYSPG
| Q4 25 | 0.85× | 5.46× | ||
| Q3 25 | 1.10× | 10.98× | ||
| Q2 25 | 1.12× | 10.36× | ||
| Q1 25 | 1.09× | 9.50× | ||
| Q4 24 | 0.89× | 8.25× | ||
| Q3 24 | 0.97× | 9.37× | ||
| Q2 24 | 1.00× | 8.59× | ||
| Q1 24 | 0.98× | 8.22× |
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 | $559.7M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $513.1M | $948.8M |
| 自由现金流率自由现金流/营收 | 30.6% | 53.0% |
| 资本支出强度资本支出/营收 | 2.8% | 14.2% |
| 现金转化率经营现金流/净利润 | — | 0.34× |
| 过去12个月自由现金流最近4个季度 | $390.8M | $3.2B |
8季度趋势，按日历期对齐
经营现金流COTYSPG
| Q4 25 | $559.7M | $1.2B | ||
| Q3 25 | $65.2M | $890.3M | ||
| Q2 25 | $83.2M | $1.2B | ||
| Q1 25 | $-122.5M | $827.2M | ||
| Q4 24 | $464.5M | $1.1B | ||
| Q3 24 | $67.4M | $892.9M | ||
| Q2 24 | $176.5M | $1.1B | ||
| Q1 24 | $-170.0M | $773.1M |
自由现金流COTYSPG
| Q4 25 | $513.1M | $948.8M | ||
| Q3 25 | $11.2M | $685.0M | ||
| Q2 25 | $34.9M | $971.3M | ||
| Q1 25 | $-168.4M | $597.0M | ||
| Q4 24 | $419.0M | $867.7M | ||
| Q3 24 | $-7.9M | $706.5M | ||
| Q2 24 | $116.7M | $874.8M | ||
| Q1 24 | $-234.3M | $610.1M |
自由现金流率COTYSPG
| Q4 25 | 30.6% | 53.0% | ||
| Q3 25 | 0.7% | 42.8% | ||
| Q2 25 | 2.8% | 64.8% | ||
| Q1 25 | -13.0% | 40.5% | ||
| Q4 24 | 25.1% | 54.8% | ||
| Q3 24 | -0.5% | 47.7% | ||
| Q2 24 | 8.6% | 60.0% | ||
| Q1 24 | -16.9% | 42.3% |
资本支出强度COTYSPG
| Q4 25 | 2.8% | 14.2% | ||
| Q3 25 | 3.4% | 12.8% | ||
| Q2 25 | 3.9% | 16.3% | ||
| Q1 25 | 3.5% | 15.6% | ||
| Q4 24 | 2.7% | 13.8% | ||
| Q3 24 | 4.5% | 12.6% | ||
| Q2 24 | 4.4% | 12.9% | ||
| Q1 24 | 4.6% | 11.3% |
现金转化率COTYSPG
| Q4 25 | — | 0.34× | ||
| Q3 25 | 0.96× | 1.27× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 19.60× | 1.41× | ||
| Q3 24 | 0.81× | 1.63× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | -44.74× | 0.92× |
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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
