vs
戴德梁行（CWK）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是拉夫劳伦的1.2倍（$2.9B vs $2.4B），拉夫劳伦净利率更高（15.0% vs -0.8%，领先15.8%），拉夫劳伦同比增速更快（12.2% vs 10.8%），拉夫劳伦自由现金流更多（$704.0M vs $234.3M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs 15.5%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
CWK vs RL — 直观对比
营收规模更大
CWK
是对方的1.2倍
$2.4B
营收增速更快
RL
高出1.4%
10.8%
净利率更高
RL
高出15.8%
-0.8%
自由现金流更多
RL
多$469.7M
$234.3M
两年增速更快
RL
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.4B |
| 净利润 | $-22.4M | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | 6.1% | 19.6% |
| 净利率 | -0.8% | 15.0% |
| 营收同比 | 10.8% | 12.2% |
| 净利润同比 | -119.8% | 21.6% |
| 每股收益（稀释后） | $-0.10 | $5.82 |
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CWKRL
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.6B |
净利润CWKRL
| Q4 25 | $-22.4M | $361.6M | ||
| Q3 25 | $51.4M | $207.5M | ||
| Q2 25 | $57.3M | $220.4M | ||
| Q1 25 | $1.9M | $129.0M | ||
| Q4 24 | $112.9M | $297.4M | ||
| Q3 24 | $33.7M | $147.9M | ||
| Q2 24 | $13.5M | $168.6M | ||
| Q1 24 | $-28.8M | $90.7M |
毛利率CWKRL
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
营业利润率CWKRL
| Q4 25 | 6.1% | 19.6% | ||
| Q3 25 | 4.1% | 12.2% | ||
| Q2 25 | 4.9% | 15.9% | ||
| Q1 25 | 2.0% | 9.1% | ||
| Q4 24 | 6.6% | 18.2% | ||
| Q3 24 | 3.2% | 10.4% | ||
| Q2 24 | 3.1% | 13.8% | ||
| Q1 24 | 0.9% | 6.9% |
净利率CWKRL
| Q4 25 | -0.8% | 15.0% | ||
| Q3 25 | 2.0% | 10.3% | ||
| Q2 25 | 2.3% | 12.8% | ||
| Q1 25 | 0.1% | 7.6% | ||
| Q4 24 | 4.3% | 13.9% | ||
| Q3 24 | 1.4% | 8.6% | ||
| Q2 24 | 0.6% | 11.1% | ||
| Q1 24 | -1.3% | 5.8% |
每股收益（稀释后）CWKRL
| Q4 25 | $-0.10 | $5.82 | ||
| Q3 25 | $0.22 | $3.32 | ||
| Q2 25 | $0.25 | $3.52 | ||
| Q1 25 | $0.01 | $2.03 | ||
| Q4 24 | $0.49 | $4.66 | ||
| Q3 24 | $0.14 | $2.31 | ||
| Q2 24 | $0.06 | $2.61 | ||
| Q1 24 | $-0.13 | $1.37 |
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 | $784.2M | $2.3B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $2.9B |
| 总资产 | $7.7B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CWKRL
| Q4 25 | $784.2M | $2.3B | ||
| Q3 25 | $634.4M | $1.6B | ||
| Q2 25 | $618.2M | $2.3B | ||
| Q1 25 | $623.2M | $2.1B | ||
| Q4 24 | $793.3M | $2.1B | ||
| Q3 24 | $775.4M | $1.7B | ||
| Q2 24 | $567.3M | $1.8B | ||
| Q1 24 | $553.5M | $1.8B |
总债务CWKRL
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
股东权益CWKRL
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.7B | $2.4B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | $1.6B | $2.5B |
总资产CWKRL
| Q4 25 | $7.7B | $7.8B | ||
| Q3 25 | $7.7B | $7.3B | ||
| Q2 25 | $7.6B | $7.8B | ||
| Q1 25 | $7.4B | $7.0B | ||
| Q4 24 | $7.5B | $7.1B | ||
| Q3 24 | $7.5B | $6.8B | ||
| Q2 24 | $7.3B | $6.6B | ||
| Q1 24 | $7.5B | $6.6B |
负债/权益比CWKRL
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $257.3M | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $704.0M |
| 自由现金流率自由现金流/营收 | 8.0% | 29.3% |
| 资本支出强度资本支出/营收 | 0.8% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $694.5M |
8季度趋势，按日历期对齐
经营现金流CWKRL
| Q4 25 | $257.3M | $779.6M | ||
| Q3 25 | $235.5M | $53.2M | ||
| Q2 25 | $9.6M | $176.1M | ||
| Q1 25 | $-162.0M | $122.2M | ||
| Q4 24 | $115.2M | $738.4M | ||
| Q3 24 | $196.1M | $97.2M | ||
| Q2 24 | $21.8M | $277.3M | ||
| Q1 24 | $-125.1M | — |
自由现金流CWKRL
| Q4 25 | $234.3M | $704.0M | ||
| Q3 25 | $225.0M | $-40.6M | ||
| Q2 25 | $300.0K | $-11.2M | ||
| Q1 25 | $-166.6M | $42.3M | ||
| Q4 24 | $105.9M | $677.2M | ||
| Q3 24 | $186.7M | $55.5M | ||
| Q2 24 | $10.0M | $243.9M | ||
| Q1 24 | $-135.6M | — |
自由现金流率CWKRL
| Q4 25 | 8.0% | 29.3% | ||
| Q3 25 | 8.6% | -2.0% | ||
| Q2 25 | 0.0% | -0.7% | ||
| Q1 25 | -7.3% | 2.5% | ||
| Q4 24 | 4.0% | 31.6% | ||
| Q3 24 | 8.0% | 3.2% | ||
| Q2 24 | 0.4% | 16.1% | ||
| Q1 24 | -6.2% | — |
资本支出强度CWKRL
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 0.4% | 4.7% | ||
| Q2 25 | 0.4% | 10.9% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.5% | — |
现金转化率CWKRL
| Q4 25 | — | 2.16× | ||
| Q3 25 | 4.58× | 0.26× | ||
| Q2 25 | 0.17× | 0.80× | ||
| Q1 25 | -85.26× | 0.95× | ||
| Q4 24 | 1.02× | 2.48× | ||
| Q3 24 | 5.82× | 0.66× | ||
| Q2 24 | 1.61× | 1.64× | ||
| 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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
RL
暂无分部数据
