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Designer Brands Inc.（DBI）与Global Business Travel Group, Inc.（GBTG）财务数据对比。点击上方公司名可切换其他公司
Global Business Travel Group, Inc.的季度营收约是Designer Brands Inc.的1.1倍（$792.0M vs $752.4M），Global Business Travel Group, Inc.净利率更高（10.5% vs 2.4%，领先8.1%），Global Business Travel Group, Inc.同比增速更快（34.0% vs -3.2%），Designer Brands Inc.自由现金流更多（$57.5M vs $13.0M），过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
DBI vs GBTG — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $792.0M |
| 净利润 | $18.2M | $83.0M |
| 毛利率 | 45.1% | — |
| 营业利润率 | 5.7% | 3.7% |
| 净利率 | 2.4% | 10.5% |
| 营收同比 | -3.2% | 34.0% |
| 净利润同比 | 40.0% | 692.9% |
| 每股收益（稀释后） | $0.35 | $0.16 |
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 | $752.4M | $792.0M | ||
| Q3 25 | $739.8M | $674.0M | ||
| Q2 25 | $686.9M | $631.0M | ||
| Q1 25 | $713.6M | $621.0M | ||
| Q4 24 | $777.2M | $591.0M | ||
| Q3 24 | $771.9M | $597.0M | ||
| Q2 24 | $746.6M | $625.0M | ||
| Q1 24 | $754.3M | $610.0M |
| Q4 25 | $18.2M | $83.0M | ||
| Q3 25 | $10.8M | $-62.0M | ||
| Q2 25 | $-17.4M | $15.0M | ||
| Q1 25 | $-38.2M | $75.0M | ||
| Q4 24 | $13.0M | $-14.0M | ||
| Q3 24 | $13.8M | $-128.0M | ||
| Q2 24 | $783.0K | $27.0M | ||
| Q1 24 | $-29.6M | $-19.0M |
| Q4 25 | 45.1% | — | ||
| Q3 25 | 43.7% | — | ||
| Q2 25 | 43.0% | — | ||
| Q1 25 | 75.7% | — | ||
| Q4 24 | 43.0% | — | ||
| Q3 24 | 44.0% | — | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | 38.8% | — |
| Q4 25 | 5.7% | 3.7% | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | -1.1% | 5.4% | ||
| Q1 25 | -3.6% | 8.9% | ||
| Q4 24 | 2.9% | 5.1% | ||
| Q3 24 | 3.7% | 4.5% | ||
| Q2 24 | 1.3% | 6.7% | ||
| Q1 24 | -4.8% | 2.6% |
| Q4 25 | 2.4% | 10.5% | ||
| Q3 25 | 1.5% | -9.2% | ||
| Q2 25 | -2.5% | 2.4% | ||
| Q1 25 | -5.3% | 12.1% | ||
| Q4 24 | 1.7% | -2.4% | ||
| Q3 24 | 1.8% | -21.4% | ||
| Q2 24 | 0.1% | 4.3% | ||
| Q1 24 | -3.9% | -3.1% |
| Q4 25 | $0.35 | $0.16 | ||
| Q3 25 | $0.22 | $-0.13 | ||
| Q2 25 | $-0.36 | $0.03 | ||
| Q1 25 | $-0.69 | $0.16 | ||
| Q4 24 | $0.24 | $-0.04 | ||
| Q3 24 | $0.24 | $-0.28 | ||
| Q2 24 | $0.01 | $0.06 | ||
| Q1 24 | $-899.54 | $-0.04 |
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 | $51.4M | $434.0M |
| 总债务越低越好 | $463.1M | $1.4B |
| 股东权益账面价值 | $298.6M | $1.6B |
| 总资产 | $2.1B | $4.9B |
| 负债/权益比越低杠杆越低 | 1.55× | 0.88× |
8季度趋势，按日历期对齐
| Q4 25 | $51.4M | $434.0M | ||
| Q3 25 | $44.9M | $427.0M | ||
| Q2 25 | $46.0M | $601.0M | ||
| Q1 25 | $44.8M | $552.0M | ||
| Q4 24 | $36.2M | $536.0M | ||
| Q3 24 | $38.8M | $524.0M | ||
| Q2 24 | $43.4M | $515.0M | ||
| Q1 24 | $49.2M | $475.0M |
| Q4 25 | $463.1M | $1.4B | ||
| Q3 25 | $509.6M | $1.4B | ||
| Q2 25 | $516.2M | $1.4B | ||
| Q1 25 | $484.3M | $1.4B | ||
| Q4 24 | $529.6M | $1.4B | ||
| Q3 24 | $459.0M | $1.4B | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
| Q4 25 | $298.6M | $1.6B | ||
| Q3 25 | $280.8M | $1.5B | ||
| Q2 25 | $266.9M | $1.2B | ||
| Q1 25 | $278.5M | $1.1B | ||
| Q4 24 | $318.5M | $1.1B | ||
| Q3 24 | $355.5M | $1.1B | ||
| Q2 24 | $358.5M | $1.2B | ||
| Q1 24 | $359.2M | $1.2B |
| Q4 25 | $2.1B | $4.9B | ||
| Q3 25 | $2.1B | $4.8B | ||
| Q2 25 | $2.1B | $3.9B | ||
| Q1 25 | $2.0B | $3.8B | ||
| Q4 24 | $2.1B | $3.6B | ||
| Q3 24 | $2.1B | $3.8B | ||
| Q2 24 | $2.2B | $3.8B | ||
| Q1 24 | $2.1B | $3.8B |
| Q4 25 | 1.55× | 0.88× | ||
| Q3 25 | 1.81× | 0.91× | ||
| Q2 25 | 1.93× | 1.15× | ||
| Q1 25 | 1.74× | 1.23× | ||
| Q4 24 | 1.66× | 1.32× | ||
| Q3 24 | 1.29× | 1.26× | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $52.0M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $13.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 1.6% |
| 资本支出强度资本支出/营收 | 1.2% | 4.9% |
| 现金转化率经营现金流/净利润 | 3.65× | 0.63× |
| 过去12个月自由现金流最近4个季度 | $99.9M | $104.0M |
8季度趋势，按日历期对齐
| Q4 25 | $66.5M | $52.0M | ||
| Q3 25 | $21.4M | $71.0M | ||
| Q2 25 | $-20.4M | $57.0M | ||
| Q1 25 | $70.1M | $53.0M | ||
| Q4 24 | $-9.8M | $65.0M | ||
| Q3 24 | $41.6M | $85.0M | ||
| Q2 24 | $-19.7M | $73.0M | ||
| Q1 24 | $-40.1M | $49.0M |
| Q4 25 | $57.5M | $13.0M | ||
| Q3 25 | $11.9M | $38.0M | ||
| Q2 25 | $-27.6M | $27.0M | ||
| Q1 25 | $58.1M | $26.0M | ||
| Q4 24 | $-19.2M | $33.0M | ||
| Q3 24 | $28.0M | $59.0M | ||
| Q2 24 | $-35.6M | $49.0M | ||
| Q1 24 | $-52.8M | $24.0M |
| Q4 25 | 7.6% | 1.6% | ||
| Q3 25 | 1.6% | 5.6% | ||
| Q2 25 | -4.0% | 4.3% | ||
| Q1 25 | 8.1% | 4.2% | ||
| Q4 24 | -2.5% | 5.6% | ||
| Q3 24 | 3.6% | 9.9% | ||
| Q2 24 | -4.8% | 7.8% | ||
| Q1 24 | -7.0% | 3.9% |
| Q4 25 | 1.2% | 4.9% | ||
| Q3 25 | 1.3% | 4.9% | ||
| Q2 25 | 1.1% | 4.8% | ||
| Q1 25 | 1.7% | 4.3% | ||
| Q4 24 | 1.2% | 5.4% | ||
| Q3 24 | 1.8% | 4.4% | ||
| Q2 24 | 2.1% | 3.8% | ||
| Q1 24 | 1.7% | 4.1% |
| Q4 25 | 3.65× | 0.63× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | — | 3.80× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | 2.70× | ||
| 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
