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加拿大国家铁路（CP）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
加拿大国家铁路的季度营收约是泰佩思琦的1.1倍（$2.8B vs $2.5B），加拿大国家铁路净利率更高（27.7% vs 22.4%，领先5.2%），泰佩思琦同比增速更快（14.0% vs 1.3%），泰佩思琦自由现金流更多（$1.0B vs $537.3M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 5.6%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
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。
CP vs TPR — 直观对比
营收规模更大
CP
是对方的1.1倍
$2.5B
营收增速更快
TPR
高出12.7%
1.3%
净利率更高
CP
高出5.2%
22.4%
自由现金流更多
TPR
多$500.2M
$537.3M
两年增速更快
TPR
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.5B |
| 净利润 | $786.2M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 41.4% | 28.6% |
| 净利率 | 27.7% | 22.4% |
| 营收同比 | 1.3% | 14.0% |
| 净利润同比 | -10.3% | 80.8% |
| 每股收益（稀释后） | — | $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CPTPR
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $2.2B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.5B | $1.5B |
净利润CPTPR
| Q4 25 | $786.2M | $561.3M | ||
| Q3 25 | $671.6M | $274.8M | ||
| Q2 25 | $900.8M | $-517.1M | ||
| Q1 25 | $664.3M | $203.3M | ||
| Q4 24 | $876.7M | $310.4M | ||
| Q3 24 | $611.0M | $186.6M | ||
| Q2 24 | $660.6M | $159.3M | ||
| Q1 24 | $565.8M | $139.4M |
毛利率CPTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率CPTPR
| Q4 25 | 41.4% | 28.6% | ||
| Q3 25 | 36.8% | 19.3% | ||
| Q2 25 | 36.6% | -33.9% | ||
| Q1 25 | 35.0% | 16.0% | ||
| Q4 24 | 40.6% | 22.4% | ||
| Q3 24 | 34.3% | 16.7% | ||
| Q2 24 | 35.4% | 14.8% | ||
| Q1 24 | 32.9% | 13.8% |
净利率CPTPR
| Q4 25 | 27.7% | 22.4% | ||
| Q3 25 | 25.3% | 16.1% | ||
| Q2 25 | 33.6% | -30.0% | ||
| Q1 25 | 24.2% | 12.8% | ||
| Q4 24 | 31.2% | 14.1% | ||
| Q3 24 | 23.9% | 12.4% | ||
| Q2 24 | 25.3% | 10.0% | ||
| Q1 24 | 22.2% | 9.4% |
每股收益（稀释后）CPTPR
| Q4 25 | — | $2.68 | ||
| Q3 25 | — | $1.28 | ||
| Q2 25 | — | $-2.30 | ||
| Q1 25 | — | $0.95 | ||
| Q4 24 | — | $1.38 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $0.67 | ||
| Q1 24 | — | $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 | $134.3M | $1.1B |
| 总债务越低越好 | $14.6B | $2.4B |
| 股东权益账面价值 | $33.5B | $551.2M |
| 总资产 | $62.7B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.43× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资CPTPR
| Q4 25 | $134.3M | $1.1B | ||
| Q3 25 | $300.0M | $743.2M | ||
| Q2 25 | $583.3M | $1.1B | ||
| Q1 25 | $507.4M | $1.1B | ||
| Q4 24 | $539.5M | $1.0B | ||
| Q3 24 | $338.0M | $7.3B | ||
| Q2 24 | $406.6M | $7.2B | ||
| Q1 24 | $378.9M | $7.4B |
总债务CPTPR
| Q4 25 | $14.6B | $2.4B | ||
| Q3 25 | $15.8B | $2.4B | ||
| Q2 25 | $15.5B | $2.4B | ||
| Q1 25 | $15.4B | $2.4B | ||
| Q4 24 | $14.5B | $2.4B | ||
| Q3 24 | $13.7B | $7.0B | ||
| Q2 24 | $13.8B | $6.9B | ||
| Q1 24 | $13.7B | $7.7B |
股东权益CPTPR
| Q4 25 | $33.5B | $551.2M | ||
| Q3 25 | $33.4B | $399.5M | ||
| Q2 25 | $33.7B | $857.8M | ||
| Q1 25 | $35.2B | $1.5B | ||
| Q4 24 | $35.0B | $1.3B | ||
| Q3 24 | $32.2B | $3.0B | ||
| Q2 24 | $32.0B | $2.9B | ||
| Q1 24 | $31.3B | $2.8B |
总资产CPTPR
| Q4 25 | $62.7B | $6.5B | ||
| Q3 25 | $63.3B | $6.4B | ||
| Q2 25 | $62.2B | $6.6B | ||
| Q1 25 | $64.3B | $7.3B | ||
| Q4 24 | $64.1B | $7.3B | ||
| Q3 24 | $60.0B | $13.7B | ||
| Q2 24 | $60.4B | $13.4B | ||
| Q1 24 | $59.6B | $13.7B |
负债/权益比CPTPR
| Q4 25 | 0.43× | 4.32× | ||
| Q3 25 | 0.47× | 5.95× | ||
| Q2 25 | 0.46× | 2.77× | ||
| Q1 25 | 0.44× | 1.59× | ||
| Q4 24 | 0.41× | 1.78× | ||
| Q3 24 | 0.42× | 2.35× | ||
| Q2 24 | 0.43× | 2.39× | ||
| Q1 24 | 0.44× | 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 | $1.1B | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $1.0B |
| 自由现金流率自由现金流/营收 | 18.9% | 41.5% |
| 资本支出强度资本支出/营收 | 20.2% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.6B |
8季度趋势，按日历期对齐
经营现金流CPTPR
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $930.0M | $112.6M | ||
| Q2 25 | $989.1M | $446.8M | ||
| Q1 25 | $843.9M | $144.3M | ||
| Q4 24 | $1.2B | $506.0M | ||
| Q3 24 | $928.6M | $119.5M | ||
| Q2 24 | $932.9M | $256.0M | ||
| Q1 24 | $741.0M | $97.8M |
自由现金流CPTPR
| Q4 25 | $537.3M | $1.0B | ||
| Q3 25 | $302.2M | $80.2M | ||
| Q2 25 | $446.8M | $411.5M | ||
| Q1 25 | $324.9M | $113.4M | ||
| Q4 24 | $702.3M | $475.1M | ||
| Q3 24 | $382.5M | $93.9M | ||
| Q2 24 | $343.1M | $209.8M | ||
| Q1 24 | $356.2M | $78.8M |
自由现金流率CPTPR
| Q4 25 | 18.9% | 41.5% | ||
| Q3 25 | 11.4% | 4.7% | ||
| Q2 25 | 16.7% | 23.9% | ||
| Q1 25 | 11.8% | 7.2% | ||
| Q4 24 | 25.0% | 21.6% | ||
| Q3 24 | 15.0% | 6.2% | ||
| Q2 24 | 13.1% | 13.2% | ||
| Q1 24 | 14.0% | 5.3% |
资本支出强度CPTPR
| Q4 25 | 20.2% | 1.7% | ||
| Q3 25 | 23.7% | 1.9% | ||
| Q2 25 | 20.2% | 2.0% | ||
| Q1 25 | 18.9% | 2.0% | ||
| Q4 24 | 19.3% | 1.4% | ||
| Q3 24 | 21.4% | 1.7% | ||
| Q2 24 | 22.6% | 2.9% | ||
| Q1 24 | 15.1% | 1.3% |
现金转化率CPTPR
| Q4 25 | 1.42× | 1.93× | ||
| Q3 25 | 1.38× | 0.41× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.27× | 0.71× | ||
| Q4 24 | 1.42× | 1.63× | ||
| Q3 24 | 1.52× | 0.64× | ||
| Q2 24 | 1.41× | 1.61× | ||
| Q1 24 | 1.31× | 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
CP
暂无分部数据
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
