vs
Designer Brands Inc.（DBI）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是Designer Brands Inc.的1.2倍（$866.4M vs $752.4M），MIDDLEBY Corp净利率更高（4.3% vs 2.4%，领先1.8%），Designer Brands Inc.同比增速更快（-3.2% vs -30.6%），MIDDLEBY Corp自由现金流更多（$165.5M vs $57.5M），过去两年Designer Brands Inc.的营收复合增速更高（-0.1% vs -3.3%）
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。
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
DBI vs MIDD — 直观对比
营收规模更大
MIDD
是对方的1.2倍
$752.4M
营收增速更快
DBI
高出27.4%
-30.6%
净利率更高
MIDD
高出1.8%
2.4%
自由现金流更多
MIDD
多$108.0M
$57.5M
两年增速更快
DBI
近两年复合增速
-3.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $866.4M |
| 净利润 | $18.2M | $36.9M |
| 毛利率 | 45.1% | 38.8% |
| 营业利润率 | 5.7% | 17.3% |
| 净利率 | 2.4% | 4.3% |
| 营收同比 | -3.2% | -30.6% |
| 净利润同比 | 40.0% | -67.1% |
| 每股收益（稀释后） | $0.35 | $0.74 |
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DBIMIDD
| Q4 25 | $752.4M | $866.4M | ||
| Q3 25 | $739.8M | $982.1M | ||
| Q2 25 | $686.9M | $977.9M | ||
| Q1 25 | $713.6M | $906.6M | ||
| Q4 24 | $777.2M | $1.0B | ||
| Q3 24 | $771.9M | $942.8M | ||
| Q2 24 | $746.6M | $991.5M | ||
| Q1 24 | $754.3M | $926.9M |
净利润DBIMIDD
| Q4 25 | $18.2M | $36.9M | ||
| Q3 25 | $10.8M | $-513.0M | ||
| Q2 25 | $-17.4M | $106.0M | ||
| Q1 25 | $-38.2M | $92.4M | ||
| Q4 24 | $13.0M | $112.3M | ||
| Q3 24 | $13.8M | $114.2M | ||
| Q2 24 | $783.0K | $115.4M | ||
| Q1 24 | $-29.6M | $86.6M |
毛利率DBIMIDD
| Q4 25 | 45.1% | 38.8% | ||
| Q3 25 | 43.7% | 36.8% | ||
| Q2 25 | 43.0% | 38.0% | ||
| Q1 25 | 75.7% | 38.2% | ||
| Q4 24 | 43.0% | 38.4% | ||
| Q3 24 | 44.0% | 37.7% | ||
| Q2 24 | 44.2% | 38.3% | ||
| Q1 24 | 38.8% | 37.4% |
营业利润率DBIMIDD
| Q4 25 | 5.7% | 17.3% | ||
| Q3 25 | 3.6% | -56.4% | ||
| Q2 25 | -1.1% | 15.9% | ||
| Q1 25 | -3.6% | 15.5% | ||
| Q4 24 | 2.9% | 16.8% | ||
| Q3 24 | 3.7% | 18.4% | ||
| Q2 24 | 1.3% | 17.7% | ||
| Q1 24 | -4.8% | 14.8% |
净利率DBIMIDD
| Q4 25 | 2.4% | 4.3% | ||
| Q3 25 | 1.5% | -52.2% | ||
| Q2 25 | -2.5% | 10.8% | ||
| Q1 25 | -5.3% | 10.2% | ||
| Q4 24 | 1.7% | 11.1% | ||
| Q3 24 | 1.8% | 12.1% | ||
| Q2 24 | 0.1% | 11.6% | ||
| Q1 24 | -3.9% | 9.3% |
每股收益（稀释后）DBIMIDD
| Q4 25 | $0.35 | $0.74 | ||
| Q3 25 | $0.22 | $-10.15 | ||
| Q2 25 | $-0.36 | $1.99 | ||
| Q1 25 | $-0.69 | $1.69 | ||
| Q4 24 | $0.24 | $2.07 | ||
| Q3 24 | $0.24 | $2.11 | ||
| Q2 24 | $0.01 | $2.13 | ||
| Q1 24 | $-899.54 | $1.59 |
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 | $222.2M |
| 总债务越低越好 | $463.1M | $2.2B |
| 股东权益账面价值 | $298.6M | $2.8B |
| 总资产 | $2.1B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.55× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资DBIMIDD
| Q4 25 | $51.4M | $222.2M | ||
| Q3 25 | $44.9M | $175.1M | ||
| Q2 25 | $46.0M | $511.5M | ||
| Q1 25 | $44.8M | $745.1M | ||
| Q4 24 | $36.2M | $689.5M | ||
| Q3 24 | $38.8M | $606.0M | ||
| Q2 24 | $43.4M | $459.5M | ||
| Q1 24 | $49.2M | $341.0M |
总债务DBIMIDD
| Q4 25 | $463.1M | $2.2B | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | $2.4B | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBIMIDD
| Q4 25 | $298.6M | $2.8B | ||
| Q3 25 | $280.8M | $2.9B | ||
| Q2 25 | $266.9M | $3.6B | ||
| Q1 25 | $278.5M | $3.7B | ||
| Q4 24 | $318.5M | $3.6B | ||
| Q3 24 | $355.5M | $3.6B | ||
| Q2 24 | $358.5M | $3.4B | ||
| Q1 24 | $359.2M | $3.3B |
总资产DBIMIDD
| Q4 25 | $2.1B | $6.3B | ||
| Q3 25 | $2.1B | $6.4B | ||
| Q2 25 | $2.1B | $7.3B | ||
| Q1 25 | $2.0B | $7.4B | ||
| Q4 24 | $2.1B | $7.3B | ||
| Q3 24 | $2.1B | $7.2B | ||
| Q2 24 | $2.2B | $7.0B | ||
| Q1 24 | $2.1B | $6.9B |
负债/权益比DBIMIDD
| Q4 25 | 1.55× | 0.78× | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | 0.66× | ||
| Q3 24 | 1.29× | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $165.5M |
| 自由现金流率自由现金流/营收 | 7.6% | 19.1% |
| 资本支出强度资本支出/营收 | 1.2% | 1.5% |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $99.9M | $530.1M |
8季度趋势，按日历期对齐
经营现金流DBIMIDD
| Q4 25 | $66.5M | — | ||
| Q3 25 | $21.4M | $176.3M | ||
| Q2 25 | $-20.4M | $122.0M | ||
| Q1 25 | $70.1M | $141.1M | ||
| Q4 24 | $-9.8M | $239.7M | ||
| Q3 24 | $41.6M | $156.7M | ||
| Q2 24 | $-19.7M | $149.5M | ||
| Q1 24 | $-40.1M | $140.9M |
自由现金流DBIMIDD
| Q4 25 | $57.5M | $165.5M | ||
| Q3 25 | $11.9M | $156.1M | ||
| Q2 25 | $-27.6M | $101.1M | ||
| Q1 25 | $58.1M | $107.4M | ||
| Q4 24 | $-19.2M | $226.6M | ||
| Q3 24 | $28.0M | $145.2M | ||
| Q2 24 | $-35.6M | $138.6M | ||
| Q1 24 | $-52.8M | $127.2M |
自由现金流率DBIMIDD
| Q4 25 | 7.6% | 19.1% | ||
| Q3 25 | 1.6% | 15.9% | ||
| Q2 25 | -4.0% | 10.3% | ||
| Q1 25 | 8.1% | 11.8% | ||
| Q4 24 | -2.5% | 22.3% | ||
| Q3 24 | 3.6% | 15.4% | ||
| Q2 24 | -4.8% | 14.0% | ||
| Q1 24 | -7.0% | 13.7% |
资本支出强度DBIMIDD
| Q4 25 | 1.2% | 1.5% | ||
| Q3 25 | 1.3% | 2.1% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 1.7% | 3.7% | ||
| Q4 24 | 1.2% | 1.3% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 2.1% | 1.1% | ||
| Q1 24 | 1.7% | 1.5% |
现金转化率DBIMIDD
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | -0.75× | 2.13× | ||
| Q3 24 | 3.01× | 1.37× | ||
| Q2 24 | -25.13× | 1.30× | ||
| Q1 24 | — | 1.63× |
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% |
MIDD
暂无分部数据
