vs
科蒂（COTY）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
泰佩思琦的季度营收约是科蒂的1.5倍（$2.5B vs $1.7B），泰佩思琦净利率更高（22.4% vs -7.4%，领先29.8%），泰佩思琦同比增速更快（14.0% vs 0.5%），泰佩思琦自由现金流更多（$1.0B vs $513.1M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
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。
COTY vs TPR — 直观对比
营收规模更大
TPR
是对方的1.5倍
$1.7B
营收增速更快
TPR
高出13.5%
0.5%
净利率更高
TPR
高出29.8%
-7.4%
自由现金流更多
TPR
多$524.4M
$513.1M
两年增速更快
TPR
近两年复合增速
10.1%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.5B |
| 净利润 | $-123.6M | $561.3M |
| 毛利率 | 63.8% | 75.5% |
| 营业利润率 | 8.8% | 28.6% |
| 净利率 | -7.4% | 22.4% |
| 营收同比 | 0.5% | 14.0% |
| 净利润同比 | -621.5% | 80.8% |
| 每股收益（稀释后） | $-0.14 | $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COTYTPR
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
净利润COTYTPR
| Q4 25 | $-123.6M | $561.3M | ||
| Q3 25 | $67.9M | $274.8M | ||
| Q2 25 | $-68.8M | $-517.1M | ||
| Q1 25 | $-405.7M | $203.3M | ||
| Q4 24 | $23.7M | $310.4M | ||
| Q3 24 | $82.9M | $186.6M | ||
| Q2 24 | $-96.9M | $159.3M | ||
| Q1 24 | $3.8M | $139.4M |
毛利率COTYTPR
| Q4 25 | 63.8% | 75.5% | ||
| Q3 25 | 64.5% | 76.3% | ||
| Q2 25 | 62.3% | 76.3% | ||
| Q1 25 | 64.1% | 76.1% | ||
| Q4 24 | 66.7% | 74.4% | ||
| Q3 24 | 65.5% | 75.3% | ||
| Q2 24 | 64.2% | 74.9% | ||
| Q1 24 | 64.8% | 74.7% |
营业利润率COTYTPR
| Q4 25 | 8.8% | 28.6% | ||
| Q3 25 | 11.7% | 19.3% | ||
| Q2 25 | 1.2% | -33.9% | ||
| Q1 25 | -21.6% | 16.0% | ||
| Q4 24 | 16.1% | 22.4% | ||
| Q3 24 | 14.2% | 16.7% | ||
| Q2 24 | 2.5% | 14.8% | ||
| Q1 24 | 5.6% | 13.8% |
净利率COTYTPR
| Q4 25 | -7.4% | 22.4% | ||
| Q3 25 | 4.3% | 16.1% | ||
| Q2 25 | -5.5% | -30.0% | ||
| Q1 25 | -31.2% | 12.8% | ||
| Q4 24 | 1.4% | 14.1% | ||
| Q3 24 | 5.0% | 12.4% | ||
| Q2 24 | -7.1% | 10.0% | ||
| Q1 24 | 0.3% | 9.4% |
每股收益（稀释后）COTYTPR
| Q4 25 | $-0.14 | $2.68 | ||
| Q3 25 | $0.07 | $1.28 | ||
| Q2 25 | $-0.08 | $-2.30 | ||
| Q1 25 | $-0.47 | $0.95 | ||
| Q4 24 | $0.02 | $1.38 | ||
| Q3 24 | $0.09 | $0.79 | ||
| Q2 24 | $-0.11 | $0.67 | ||
| Q1 24 | $0.00 | $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 | $436.7M | $1.1B |
| 总债务越低越好 | $3.0B | $2.4B |
| 股东权益账面价值 | $3.5B | $551.2M |
| 总资产 | $11.1B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.85× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资COTYTPR
| Q4 25 | $436.7M | $1.1B | ||
| Q3 25 | $264.6M | $743.2M | ||
| Q2 25 | $257.1M | $1.1B | ||
| Q1 25 | $243.5M | $1.1B | ||
| Q4 24 | $249.6M | $1.0B | ||
| Q3 24 | $283.6M | $7.3B | ||
| Q2 24 | $300.8M | $7.2B | ||
| Q1 24 | $260.2M | $7.4B |
总债务COTYTPR
| Q4 25 | $3.0B | $2.4B | ||
| Q3 25 | $4.0B | $2.4B | ||
| Q2 25 | $4.0B | $2.4B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.9B | $7.0B | ||
| Q2 24 | $3.8B | $6.9B | ||
| Q1 24 | $3.9B | $7.7B |
股东权益COTYTPR
| Q4 25 | $3.5B | $551.2M | ||
| Q3 25 | $3.6B | $399.5M | ||
| Q2 25 | $3.5B | $857.8M | ||
| Q1 25 | $3.5B | $1.5B | ||
| Q4 24 | $3.8B | $1.3B | ||
| Q3 24 | $4.0B | $3.0B | ||
| Q2 24 | $3.8B | $2.9B | ||
| Q1 24 | $4.0B | $2.8B |
总资产COTYTPR
| Q4 25 | $11.1B | $6.5B | ||
| Q3 25 | $12.1B | $6.4B | ||
| Q2 25 | $11.9B | $6.6B | ||
| Q1 25 | $11.5B | $7.3B | ||
| Q4 24 | $11.7B | $7.3B | ||
| Q3 24 | $12.5B | $13.7B | ||
| Q2 24 | $12.1B | $13.4B | ||
| Q1 24 | $12.3B | $13.7B |
负债/权益比COTYTPR
| Q4 25 | 0.85× | 4.32× | ||
| Q3 25 | 1.10× | 5.95× | ||
| Q2 25 | 1.12× | 2.77× | ||
| Q1 25 | 1.09× | 1.59× | ||
| Q4 24 | 0.89× | 1.78× | ||
| Q3 24 | 0.97× | 2.35× | ||
| Q2 24 | 1.00× | 2.39× | ||
| Q1 24 | 0.98× | 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 | $559.7M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $513.1M | $1.0B |
| 自由现金流率自由现金流/营收 | 30.6% | 41.5% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $390.8M | $1.6B |
8季度趋势，按日历期对齐
经营现金流COTYTPR
| Q4 25 | $559.7M | $1.1B | ||
| Q3 25 | $65.2M | $112.6M | ||
| Q2 25 | $83.2M | $446.8M | ||
| Q1 25 | $-122.5M | $144.3M | ||
| Q4 24 | $464.5M | $506.0M | ||
| Q3 24 | $67.4M | $119.5M | ||
| Q2 24 | $176.5M | $256.0M | ||
| Q1 24 | $-170.0M | $97.8M |
自由现金流COTYTPR
| Q4 25 | $513.1M | $1.0B | ||
| Q3 25 | $11.2M | $80.2M | ||
| Q2 25 | $34.9M | $411.5M | ||
| Q1 25 | $-168.4M | $113.4M | ||
| Q4 24 | $419.0M | $475.1M | ||
| Q3 24 | $-7.9M | $93.9M | ||
| Q2 24 | $116.7M | $209.8M | ||
| Q1 24 | $-234.3M | $78.8M |
自由现金流率COTYTPR
| Q4 25 | 30.6% | 41.5% | ||
| Q3 25 | 0.7% | 4.7% | ||
| Q2 25 | 2.8% | 23.9% | ||
| Q1 25 | -13.0% | 7.2% | ||
| Q4 24 | 25.1% | 21.6% | ||
| Q3 24 | -0.5% | 6.2% | ||
| Q2 24 | 8.6% | 13.2% | ||
| Q1 24 | -16.9% | 5.3% |
资本支出强度COTYTPR
| Q4 25 | 2.8% | 1.7% | ||
| Q3 25 | 3.4% | 1.9% | ||
| Q2 25 | 3.9% | 2.0% | ||
| Q1 25 | 3.5% | 2.0% | ||
| Q4 24 | 2.7% | 1.4% | ||
| Q3 24 | 4.5% | 1.7% | ||
| Q2 24 | 4.4% | 2.9% | ||
| Q1 24 | 4.6% | 1.3% |
现金转化率COTYTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 0.96× | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 19.60× | 1.63× | ||
| Q3 24 | 0.81× | 0.64× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | -44.74× | 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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
