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Designer Brands Inc.（DBI）与维蒙特工业（VMI）财务数据对比。点击上方公司名可切换其他公司
维蒙特工业的季度营收约是Designer Brands Inc.的1.4倍（$1.0B vs $752.4M），维蒙特工业净利率更高（10.5% vs 2.4%，领先8.1%），维蒙特工业同比增速更快（6.2% vs -3.2%），过去两年Designer Brands Inc.的营收复合增速更高（-0.1% vs -0.5%）
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。
维蒙特工业是美国大型上市制造企业，核心产品包括Valley品牌中心支轴及线性灌溉设备、风电机组支撑结构、照明与交通信号灯杆、钢制公用设施杆塔，在全球农业设备及基建配套领域拥有领先的市场地位和技术优势。
DBI vs VMI — 直观对比
营收规模更大
VMI
是对方的1.4倍
$752.4M
营收增速更快
VMI
高出9.4%
-3.2%
净利率更高
VMI
高出8.1%
2.4%
两年增速更快
DBI
近两年复合增速
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.0B |
| 净利润 | $18.2M | $108.0M |
| 毛利率 | 45.1% | 30.8% |
| 营业利润率 | 5.7% | 15.1% |
| 净利率 | 2.4% | 10.5% |
| 营收同比 | -3.2% | 6.2% |
| 净利润同比 | 40.0% | 23.8% |
| 每股收益（稀释后） | $0.35 | $5.51 |
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DBIVMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $752.4M | $1.0B | ||
| Q3 25 | $739.8M | $1.0B | ||
| Q2 25 | $686.9M | $1.1B | ||
| Q1 25 | $713.6M | $969.3M | ||
| Q4 24 | $777.2M | $1.0B | ||
| Q3 24 | $771.9M | $1.0B | ||
| Q2 24 | $746.6M | $1.0B |
净利润DBIVMI
| Q1 26 | — | $108.0M | ||
| Q4 25 | $18.2M | $168.0M | ||
| Q3 25 | $10.8M | $99.0M | ||
| Q2 25 | $-17.4M | $-4.0M | ||
| Q1 25 | $-38.2M | $87.3M | ||
| Q4 24 | $13.0M | $77.7M | ||
| Q3 24 | $13.8M | $83.1M | ||
| Q2 24 | $783.0K | $99.7M |
毛利率DBIVMI
| Q1 26 | — | 30.8% | ||
| Q4 25 | 45.1% | 29.8% | ||
| Q3 25 | 43.7% | 30.4% | ||
| Q2 25 | 43.0% | 30.6% | ||
| Q1 25 | 75.7% | 30.0% | ||
| Q4 24 | 43.0% | 30.2% | ||
| Q3 24 | 44.0% | 29.6% | ||
| Q2 24 | 44.2% | 30.8% |
营业利润率DBIVMI
| Q1 26 | — | 15.1% | ||
| Q4 25 | 5.7% | 11.2% | ||
| Q3 25 | 3.6% | 13.5% | ||
| Q2 25 | -1.1% | 2.8% | ||
| Q1 25 | -3.6% | 13.2% | ||
| Q4 24 | 2.9% | 11.6% | ||
| Q3 24 | 3.7% | 12.3% | ||
| Q2 24 | 1.3% | 14.2% |
净利率DBIVMI
| Q1 26 | — | 10.5% | ||
| Q4 25 | 2.4% | 16.2% | ||
| Q3 25 | 1.5% | 9.5% | ||
| Q2 25 | -2.5% | -0.4% | ||
| Q1 25 | -5.3% | 9.0% | ||
| Q4 24 | 1.7% | 7.5% | ||
| Q3 24 | 1.8% | 8.1% | ||
| Q2 24 | 0.1% | 9.6% |
每股收益（稀释后）DBIVMI
| Q1 26 | — | $5.51 | ||
| Q4 25 | $0.35 | $9.02 | ||
| Q3 25 | $0.22 | $4.98 | ||
| Q2 25 | $-0.36 | $-1.53 | ||
| Q1 25 | $-0.69 | $4.32 | ||
| Q4 24 | $0.24 | $3.85 | ||
| Q3 24 | $0.24 | $4.11 | ||
| Q2 24 | $0.01 | $4.91 |
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 | $160.2M |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $1.7B |
| 总资产 | $2.1B | $3.4B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIVMI
| Q1 26 | — | $160.2M | ||
| Q4 25 | $51.4M | $187.1M | ||
| Q3 25 | $44.9M | $226.1M | ||
| Q2 25 | $46.0M | $208.5M | ||
| Q1 25 | $44.8M | $184.4M | ||
| Q4 24 | $36.2M | $164.3M | ||
| Q3 24 | $38.8M | $200.5M | ||
| Q2 24 | $43.4M | $163.1M |
总债务DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | $463.1M | $795.7M | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | $730.6M | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — |
股东权益DBIVMI
| Q1 26 | — | $1.7B | ||
| Q4 25 | $298.6M | $1.6B | ||
| Q3 25 | $280.8M | $1.6B | ||
| Q2 25 | $266.9M | $1.5B | ||
| Q1 25 | $278.5M | $1.6B | ||
| Q4 24 | $318.5M | $1.5B | ||
| Q3 24 | $355.5M | $1.5B | ||
| Q2 24 | $358.5M | $1.5B |
总资产DBIVMI
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.1B | $3.4B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.0B | $3.4B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.5B | ||
| Q2 24 | $2.2B | $3.5B |
负债/权益比DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | 0.49× | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | 0.47× | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — |
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 | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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季度趋势，按日历期对齐
经营现金流DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | $66.5M | $111.2M | ||
| Q3 25 | $21.4M | $112.5M | ||
| Q2 25 | $-20.4M | $167.6M | ||
| Q1 25 | $70.1M | $65.1M | ||
| Q4 24 | $-9.8M | $193.4M | ||
| Q3 24 | $41.6M | $225.1M | ||
| Q2 24 | $-19.7M | $130.8M |
自由现金流DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | $57.5M | $70.4M | ||
| Q3 25 | $11.9M | $70.6M | ||
| Q2 25 | $-27.6M | $135.6M | ||
| Q1 25 | $58.1M | $34.8M | ||
| Q4 24 | $-19.2M | $167.8M | ||
| Q3 24 | $28.0M | $204.6M | ||
| Q2 24 | $-35.6M | $112.5M |
自由现金流率DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 6.8% | ||
| Q3 25 | 1.6% | 6.7% | ||
| Q2 25 | -4.0% | 12.9% | ||
| Q1 25 | 8.1% | 3.6% | ||
| Q4 24 | -2.5% | 16.2% | ||
| Q3 24 | 3.6% | 20.1% | ||
| Q2 24 | -4.8% | 10.8% |
资本支出强度DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.9% | ||
| Q3 25 | 1.3% | 4.0% | ||
| Q2 25 | 1.1% | 3.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 1.2% | 2.5% | ||
| Q3 24 | 1.8% | 2.0% | ||
| Q2 24 | 2.1% | 1.8% |
现金转化率DBIVMI
| Q1 26 | — | — | ||
| Q4 25 | 3.65× | 0.66× | ||
| Q3 25 | 1.98× | 1.14× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | -0.75× | 2.49× | ||
| Q3 24 | 3.01× | 2.71× | ||
| Q2 24 | -25.13× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
