vs
Capri Holdings Ltd（CPRI）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是Capri Holdings Ltd的1.5倍（$1.5B vs $1.0B），Paychex净利率更高（26.3% vs 11.3%，领先15.0%），Paychex同比增速更快（17.4% vs -18.7%），Paychex自由现金流更多（$382.8M vs $183.0M），过去两年Paychex的营收复合增速更高（3.8% vs -15.2%）
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
CPRI vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.5倍
$1.0B
营收增速更快
PAYX
高出36.1%
-18.7%
净利率更高
PAYX
高出15.0%
11.3%
自由现金流更多
PAYX
多$199.8M
$183.0M
两年增速更快
PAYX
近两年复合增速
-15.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $116.0M | $395.4M |
| 毛利率 | 60.8% | 72.6% |
| 营业利润率 | 4.5% | 38.0% |
| 净利率 | 11.3% | 26.3% |
| 营收同比 | -18.7% | 17.4% |
| 净利润同比 | 121.2% | -4.4% |
| 每股收益（稀释后） | $0.96 | $1.10 |
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CPRIPAYX
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $856.0M | $1.5B | ||
| Q2 25 | $797.0M | $1.4B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $878.0M | $1.3B | ||
| Q2 24 | $848.0M | $1.3B | ||
| Q1 24 | — | $1.4B |
净利润CPRIPAYX
| Q4 25 | $116.0M | $395.4M | ||
| Q3 25 | $-28.0M | $383.8M | ||
| Q2 25 | $53.0M | $297.2M | ||
| Q1 25 | $-645.0M | $519.3M | ||
| Q4 24 | $-547.0M | $413.4M | ||
| Q3 24 | $24.0M | $427.4M | ||
| Q2 24 | $-14.0M | $379.9M | ||
| Q1 24 | — | $498.6M |
毛利率CPRIPAYX
| Q4 25 | 60.8% | 72.6% | ||
| Q3 25 | 61.0% | 72.3% | ||
| Q2 25 | 63.0% | 71.5% | ||
| Q1 25 | 64.9% | 73.6% | ||
| Q4 24 | 63.1% | 70.4% | ||
| Q3 24 | 62.3% | 70.3% | ||
| Q2 24 | 63.1% | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率CPRIPAYX
| Q4 25 | 4.5% | 38.0% | ||
| Q3 25 | -1.4% | 36.3% | ||
| Q2 25 | 2.0% | 31.2% | ||
| Q1 25 | -47.5% | 47.2% | ||
| Q4 24 | 2.4% | 42.0% | ||
| Q3 24 | -0.7% | 42.7% | ||
| Q2 24 | 1.3% | 38.3% | ||
| Q1 24 | — | 46.6% |
净利率CPRIPAYX
| Q4 25 | 11.3% | 26.3% | ||
| Q3 25 | -3.3% | 25.7% | ||
| Q2 25 | 6.6% | 21.5% | ||
| Q1 25 | -39.1% | 35.4% | ||
| Q4 24 | -51.2% | 32.3% | ||
| Q3 24 | 2.7% | 33.4% | ||
| Q2 24 | -1.7% | 30.2% | ||
| Q1 24 | — | 35.7% |
每股收益（稀释后）CPRIPAYX
| Q4 25 | $0.96 | $1.10 | ||
| Q3 25 | $-0.22 | $1.06 | ||
| Q2 25 | $0.44 | $0.83 | ||
| Q1 25 | $-5.47 | $1.43 | ||
| Q4 24 | $-4.61 | $1.14 | ||
| Q3 24 | $0.20 | $1.18 | ||
| Q2 24 | $-0.12 | $1.05 | ||
| Q1 24 | — | $1.38 |
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 | $154.0M | $1.5B |
| 总债务越低越好 | $234.0M | $5.0B |
| 股东权益账面价值 | $105.0M | $3.9B |
| 总资产 | $3.3B | $16.5B |
| 负债/权益比越低杠杆越低 | 2.23× | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资CPRIPAYX
| Q4 25 | $154.0M | $1.5B | ||
| Q3 25 | $120.0M | $1.7B | ||
| Q2 25 | $129.0M | $1.7B | ||
| Q1 25 | $107.0M | $1.6B | ||
| Q4 24 | $356.0M | $1.2B | ||
| Q3 24 | $182.0M | $1.5B | ||
| Q2 24 | $213.0M | $1.5B | ||
| Q1 24 | — | $1.7B |
总债务CPRIPAYX
| Q4 25 | $234.0M | $5.0B | ||
| Q3 25 | $1.8B | $5.0B | ||
| Q2 25 | $1.7B | $4.9B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | $798.6M | ||
| Q1 24 | — | — |
股东权益CPRIPAYX
| Q4 25 | $105.0M | $3.9B | ||
| Q3 25 | $-74.0M | $4.0B | ||
| Q2 25 | $-17.0M | $4.1B | ||
| Q1 25 | $368.0M | $4.1B | ||
| Q4 24 | $1.1B | $3.9B | ||
| Q3 24 | $1.5B | $3.9B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | — | $3.7B |
总资产CPRIPAYX
| Q4 25 | $3.3B | $16.5B | ||
| Q3 25 | $5.6B | $16.7B | ||
| Q2 25 | $5.5B | $16.6B | ||
| Q1 25 | $5.2B | $11.2B | ||
| Q4 24 | $5.9B | $10.6B | ||
| Q3 24 | $6.8B | $10.5B | ||
| Q2 24 | $6.6B | $10.4B | ||
| Q1 24 | — | $13.0B |
负债/权益比CPRIPAYX
| Q4 25 | 2.23× | 1.28× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | 4.05× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.08× | 0.21× | ||
| Q1 24 | — | — |
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 | $202.0M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $183.0M | $382.8M |
| 自由现金流率自由现金流/营收 | 17.9% | 25.5% |
| 资本支出强度资本支出/营收 | 1.9% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.74× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-134.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CPRIPAYX
| Q4 25 | $202.0M | $444.9M | ||
| Q3 25 | $-52.0M | $718.4M | ||
| Q2 25 | $-8.0M | $343.8M | ||
| Q1 25 | $-161.0M | $716.0M | ||
| Q4 24 | $309.0M | $295.0M | ||
| Q3 24 | $50.0M | $546.1M | ||
| Q2 24 | $83.0M | $221.7M | ||
| Q1 24 | — | $671.7M |
自由现金流CPRIPAYX
| Q4 25 | $183.0M | $382.8M | ||
| Q3 25 | $-65.0M | $662.5M | ||
| Q2 25 | $-21.0M | $283.3M | ||
| Q1 25 | $-231.0M | $667.3M | ||
| Q4 24 | $287.0M | $248.0M | ||
| Q3 24 | $30.0M | $510.5M | ||
| Q2 24 | $67.0M | $180.4M | ||
| Q1 24 | — | $631.0M |
自由现金流率CPRIPAYX
| Q4 25 | 17.9% | 25.5% | ||
| Q3 25 | -7.6% | 44.4% | ||
| Q2 25 | -2.6% | 20.5% | ||
| Q1 25 | -14.0% | 45.5% | ||
| Q4 24 | 26.9% | 19.4% | ||
| Q3 24 | 3.4% | 39.9% | ||
| Q2 24 | 7.9% | 14.4% | ||
| Q1 24 | — | 45.2% |
资本支出强度CPRIPAYX
| Q4 25 | 1.9% | 4.1% | ||
| Q3 25 | 1.5% | 3.7% | ||
| Q2 25 | 1.6% | 4.4% | ||
| Q1 25 | 4.2% | 3.3% | ||
| Q4 24 | 2.1% | 3.7% | ||
| Q3 24 | 2.3% | 2.8% | ||
| Q2 24 | 1.9% | 3.3% | ||
| Q1 24 | — | 2.9% |
现金转化率CPRIPAYX
| Q4 25 | 1.74× | 1.13× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | -0.15× | 1.16× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | 2.08× | 1.28× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 1.35× |
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
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
