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Torrid Holdings Inc.（CURV）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Torrid Holdings Inc.的季度营收约是Ultragenyx Pharmaceutical Inc.的1.1倍（$235.2M vs $207.3M），Torrid Holdings Inc.净利率更高（-2.7% vs -62.0%，领先59.3%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs -10.8%），Torrid Holdings Inc.自由现金流更多（$-6.6M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs -10.5%）
Torrid Holdings Inc.是美国主营大码女装的零售连锁品牌，原隶属于Hot Topic，目前归Sycamore Partners所有，2015年拆分成为独立公司。品牌专为10至30码的女性提供服饰及配饰产品，2001年4月在加利福尼亚州布瑞亚购物中心开出首店，截至2024年，已在美国各州及部分其他区域开设超过650家门店。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
CURV vs RARE — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $235.2M | $207.3M |
| 净利润 | $-6.4M | $-128.6M |
| 毛利率 | 34.9% | — |
| 营业利润率 | 0.1% | -54.7% |
| 净利率 | -2.7% | -62.0% |
| 营收同比 | -10.8% | 25.9% |
| 净利润同比 | -438.2% | 3.5% |
| 每股收益（稀释后） | $-0.06 | $-1.28 |
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
| Q4 25 | $235.2M | $207.3M | ||
| Q3 25 | $262.8M | $159.9M | ||
| Q2 25 | $266.0M | $166.5M | ||
| Q1 25 | $275.6M | $139.3M | ||
| Q4 24 | $263.8M | $164.6M | ||
| Q3 24 | $284.6M | $139.5M | ||
| Q2 24 | $279.8M | $147.0M | ||
| Q1 24 | $293.5M | $108.8M |
| Q4 25 | $-6.4M | $-128.6M | ||
| Q3 25 | $1.6M | $-180.4M | ||
| Q2 25 | $5.9M | $-115.0M | ||
| Q1 25 | $-3.0M | $-151.1M | ||
| Q4 24 | $-1.2M | $-133.2M | ||
| Q3 24 | $8.3M | $-133.5M | ||
| Q2 24 | $12.2M | $-131.6M | ||
| Q1 24 | $-4.1M | $-170.7M |
| Q4 25 | 34.9% | — | ||
| Q3 25 | 35.6% | — | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 33.6% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 38.7% | — | ||
| Q2 24 | 41.3% | — | ||
| Q1 24 | 34.5% | — |
| Q4 25 | 0.1% | -54.7% | ||
| Q3 25 | 3.9% | -106.9% | ||
| Q2 25 | 6.0% | -64.8% | ||
| Q1 25 | 1.3% | -102.6% | ||
| Q4 24 | 2.7% | -74.3% | ||
| Q3 24 | 7.2% | -94.6% | ||
| Q2 24 | 9.3% | -79.1% | ||
| Q1 24 | 1.4% | -151.9% |
| Q4 25 | -2.7% | -62.0% | ||
| Q3 25 | 0.6% | -112.8% | ||
| Q2 25 | 2.2% | -69.0% | ||
| Q1 25 | -1.1% | -108.5% | ||
| Q4 24 | -0.5% | -80.9% | ||
| Q3 24 | 2.9% | -95.7% | ||
| Q2 24 | 4.4% | -89.5% | ||
| Q1 24 | -1.4% | -156.8% |
| Q4 25 | $-0.06 | $-1.28 | ||
| Q3 25 | $0.02 | $-1.81 | ||
| Q2 25 | $0.06 | $-1.17 | ||
| Q1 25 | $-0.04 | $-1.57 | ||
| Q4 24 | $-0.01 | $-1.34 | ||
| Q3 24 | $0.08 | $-1.40 | ||
| Q2 24 | $0.12 | $-1.52 | ||
| Q1 24 | $-0.03 | $-2.03 |
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 | $17.2M | $421.0M |
| 总债务越低越好 | $276.4M | — |
| 股东权益账面价值 | $-206.5M | $-80.0M |
| 总资产 | $402.9M | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $17.2M | $421.0M | ||
| Q3 25 | $21.5M | $202.5M | ||
| Q2 25 | $23.7M | $176.3M | ||
| Q1 25 | $48.5M | $127.1M | ||
| Q4 24 | $44.0M | $174.0M | ||
| Q3 24 | $53.9M | $150.6M | ||
| Q2 24 | $20.5M | $480.7M | ||
| Q1 24 | $11.7M | $112.3M |
| Q4 25 | $276.4M | — | ||
| Q3 25 | $280.5M | — | ||
| Q2 25 | $284.5M | — | ||
| Q1 25 | $288.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-206.5M | $-80.0M | ||
| Q3 25 | $-201.1M | $9.2M | ||
| Q2 25 | $-183.8M | $151.3M | ||
| Q1 25 | $-191.1M | $144.2M | ||
| Q4 24 | $-189.3M | $255.0M | ||
| Q3 24 | $-188.9M | $346.8M | ||
| Q2 24 | $-198.6M | $432.4M | ||
| Q1 24 | $-211.7M | $140.3M |
| Q4 25 | $402.9M | $1.5B | ||
| Q3 25 | $414.5M | $1.2B | ||
| Q2 25 | $451.4M | $1.3B | ||
| Q1 25 | $488.4M | $1.3B | ||
| Q4 24 | $493.0M | $1.5B | ||
| Q3 24 | $487.5M | $1.5B | ||
| Q2 24 | $479.7M | $1.6B | ||
| Q1 24 | $476.9M | $1.3B |
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 | $-4.9M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $-6.6M | $-100.8M |
| 自由现金流率自由现金流/营收 | -2.8% | -48.6% |
| 资本支出强度资本支出/营收 | 0.7% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-2.3M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $-4.9M | $-99.8M | ||
| Q3 25 | $15.7M | $-91.4M | ||
| Q2 25 | $-18.0M | $-108.3M | ||
| Q1 25 | $12.0M | $-166.5M | ||
| Q4 24 | $-3.1M | $-79.3M | ||
| Q3 24 | $40.8M | $-67.0M | ||
| Q2 24 | $27.6M | $-77.0M | ||
| Q1 24 | $9.0M | $-190.7M |
| Q4 25 | $-6.6M | $-100.8M | ||
| Q3 25 | $14.6M | $-92.7M | ||
| Q2 25 | $-20.6M | $-110.7M | ||
| Q1 25 | $10.2M | $-167.8M | ||
| Q4 24 | $-5.5M | $-79.5M | ||
| Q3 24 | $37.7M | $-68.6M | ||
| Q2 24 | $20.6M | $-79.0M | ||
| Q1 24 | $-1.7M | $-193.9M |
| Q4 25 | -2.8% | -48.6% | ||
| Q3 25 | 5.6% | -58.0% | ||
| Q2 25 | -7.7% | -66.5% | ||
| Q1 25 | 3.7% | -120.5% | ||
| Q4 24 | -2.1% | -48.3% | ||
| Q3 24 | 13.2% | -49.2% | ||
| Q2 24 | 7.4% | -53.7% | ||
| Q1 24 | -0.6% | -178.2% |
| Q4 25 | 0.7% | 0.5% | ||
| Q3 25 | 0.4% | 0.8% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 0.9% | 0.1% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 2.5% | 1.4% | ||
| Q1 24 | 3.7% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 10.05× | — | ||
| Q2 25 | -3.03× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.90× | — | ||
| Q2 24 | 2.27× | — | ||
| Q1 24 | — | — |
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
CURV
| Apparel | $213.6M | 91% |
| Non Apparel | $12.3M | 5% |
| Other | $9.2M | 4% |
| Loyalty Program | $1.1M | 0% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
