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Designer Brands Inc.（DBI）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Designer Brands Inc.的2.0倍（$1.5B vs $752.4M），Designer Brands Inc.净利率更高（2.4% vs -3.1%，领先5.6%），Designer Brands Inc.同比增速更快（-3.2% vs -11.9%），Designer Brands Inc.自由现金流更多（$57.5M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
DBI vs RXO — 直观对比
营收规模更大
RXO
是对方的2.0倍
$752.4M
营收增速更快
DBI
高出8.7%
-11.9%
净利率更高
DBI
高出5.6%
-3.1%
自由现金流更多
DBI
多$66.5M
$-9.0M
两年增速更快
RXO
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.5B |
| 净利润 | $18.2M | $-46.0M |
| 毛利率 | 45.1% | — |
| 营业利润率 | 5.7% | -2.9% |
| 净利率 | 2.4% | -3.1% |
| 营收同比 | -3.2% | -11.9% |
| 净利润同比 | 40.0% | -84.0% |
| 每股收益（稀释后） | $0.35 | $-0.28 |
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
营收DBIRXO
| Q4 25 | $752.4M | $1.5B | ||
| Q3 25 | $739.8M | $1.4B | ||
| Q2 25 | $686.9M | $1.4B | ||
| Q1 25 | $713.6M | $1.4B | ||
| Q4 24 | $777.2M | $1.7B | ||
| Q3 24 | $771.9M | $1.0B | ||
| Q2 24 | $746.6M | $930.0M | ||
| Q1 24 | $754.3M | $913.0M |
净利润DBIRXO
| Q4 25 | $18.2M | $-46.0M | ||
| Q3 25 | $10.8M | $-14.0M | ||
| Q2 25 | $-17.4M | $-9.0M | ||
| Q1 25 | $-38.2M | $-31.0M | ||
| Q4 24 | $13.0M | $-25.0M | ||
| Q3 24 | $13.8M | $-243.0M | ||
| Q2 24 | $783.0K | $-7.0M | ||
| Q1 24 | $-29.6M | $-15.0M |
毛利率DBIRXO
| 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% | — |
营业利润率DBIRXO
| Q4 25 | 5.7% | -2.9% | ||
| Q3 25 | 3.6% | -0.5% | ||
| Q2 25 | -1.1% | — | ||
| Q1 25 | -3.6% | -2.1% | ||
| Q4 24 | 2.9% | -1.4% | ||
| Q3 24 | 3.7% | -1.9% | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | -4.8% | -1.3% |
净利率DBIRXO
| Q4 25 | 2.4% | -3.1% | ||
| Q3 25 | 1.5% | -1.0% | ||
| Q2 25 | -2.5% | -0.6% | ||
| Q1 25 | -5.3% | -2.2% | ||
| Q4 24 | 1.7% | -1.5% | ||
| Q3 24 | 1.8% | -23.4% | ||
| Q2 24 | 0.1% | -0.8% | ||
| Q1 24 | -3.9% | -1.6% |
每股收益（稀释后）DBIRXO
| Q4 25 | $0.35 | $-0.28 | ||
| Q3 25 | $0.22 | $-0.08 | ||
| Q2 25 | $-0.36 | $-0.05 | ||
| Q1 25 | $-0.69 | $-0.18 | ||
| Q4 24 | $0.24 | $-0.17 | ||
| Q3 24 | $0.24 | $-1.81 | ||
| Q2 24 | $0.01 | $-0.06 | ||
| Q1 24 | $-899.54 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $463.1M | $387.0M |
| 股东权益账面价值 | $298.6M | $1.5B |
| 总资产 | $2.1B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.55× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DBIRXO
| Q4 25 | $51.4M | $17.0M | ||
| Q3 25 | $44.9M | $25.0M | ||
| Q2 25 | $46.0M | $18.0M | ||
| Q1 25 | $44.8M | $16.0M | ||
| Q4 24 | $36.2M | $35.0M | ||
| Q3 24 | $38.8M | $55.0M | ||
| Q2 24 | $43.4M | $7.0M | ||
| Q1 24 | $49.2M | $7.0M |
总债务DBIRXO
| Q4 25 | $463.1M | $387.0M | ||
| Q3 25 | $509.6M | $387.0M | ||
| Q2 25 | $516.2M | $387.0M | ||
| Q1 25 | $484.3M | $387.0M | ||
| Q4 24 | $529.6M | $351.0M | ||
| Q3 24 | $459.0M | $352.0M | ||
| Q2 24 | $469.3M | $370.0M | ||
| Q1 24 | $420.3M | $351.0M |
股东权益DBIRXO
| Q4 25 | $298.6M | $1.5B | ||
| Q3 25 | $280.8M | $1.6B | ||
| Q2 25 | $266.9M | $1.6B | ||
| Q1 25 | $278.5M | $1.6B | ||
| Q4 24 | $318.5M | $1.6B | ||
| Q3 24 | $355.5M | $1.7B | ||
| Q2 24 | $358.5M | $579.0M | ||
| Q1 24 | $359.2M | $582.0M |
总资产DBIRXO
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $2.0B | $3.3B | ||
| Q4 24 | $2.1B | $3.4B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $2.2B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
负债/权益比DBIRXO
| Q4 25 | 1.55× | 0.25× | ||
| Q3 25 | 1.81× | 0.24× | ||
| Q2 25 | 1.93× | 0.24× | ||
| Q1 25 | 1.74× | 0.24× | ||
| Q4 24 | 1.66× | 0.22× | ||
| Q3 24 | 1.29× | 0.21× | ||
| Q2 24 | 1.31× | 0.64× | ||
| Q1 24 | 1.17× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $-9.0M |
| 自由现金流率自由现金流/营收 | 7.6% | -0.6% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流DBIRXO
| Q4 25 | $66.5M | $7.0M | ||
| Q3 25 | $21.4M | $23.0M | ||
| Q2 25 | $-20.4M | $23.0M | ||
| Q1 25 | $70.1M | $-2.0M | ||
| Q4 24 | $-9.8M | $-7.0M | ||
| Q3 24 | $41.6M | $-7.0M | ||
| Q2 24 | $-19.7M | $-5.0M | ||
| Q1 24 | $-40.1M | $7.0M |
自由现金流DBIRXO
| Q4 25 | $57.5M | $-9.0M | ||
| Q3 25 | $11.9M | $9.0M | ||
| Q2 25 | $-27.6M | $9.0M | ||
| Q1 25 | $58.1M | $-17.0M | ||
| Q4 24 | $-19.2M | $-19.0M | ||
| Q3 24 | $28.0M | $-18.0M | ||
| Q2 24 | $-35.6M | $-16.0M | ||
| Q1 24 | $-52.8M | $-4.0M |
自由现金流率DBIRXO
| Q4 25 | 7.6% | -0.6% | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | -4.0% | 0.6% | ||
| Q1 25 | 8.1% | -1.2% | ||
| Q4 24 | -2.5% | -1.1% | ||
| Q3 24 | 3.6% | -1.7% | ||
| Q2 24 | -4.8% | -1.7% | ||
| Q1 24 | -7.0% | -0.4% |
资本支出强度DBIRXO
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 1.2% | 0.7% | ||
| Q3 24 | 1.8% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% | ||
| Q1 24 | 1.7% | 1.2% |
现金转化率DBIRXO
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
