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DILLARD'S, INC.（DDS）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
DILLARD'S, INC.的季度营收约是MIDDLEBY Corp的1.7倍（$1.5B vs $866.4M），DILLARD'S, INC.净利率更高（8.8% vs 4.3%，领先4.6%），DILLARD'S, INC.同比增速更快（2.9% vs -30.6%），MIDDLEBY Corp自由现金流更多（$165.5M vs $156.2M），过去两年MIDDLEBY Corp的营收复合增速更高（-3.3% vs -16.9%）
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
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。
DDS vs MIDD — 直观对比
营收规模更大
DDS
是对方的1.7倍
$866.4M
营收增速更快
DDS
高出33.5%
-30.6%
净利率更高
DDS
高出4.6%
4.3%
自由现金流更多
MIDD
多$9.4M
$156.2M
两年增速更快
MIDD
近两年复合增速
-16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $866.4M |
| 净利润 | $129.8M | $36.9M |
| 毛利率 | 43.4% | 38.8% |
| 营业利润率 | 11.5% | 17.3% |
| 净利率 | 8.8% | 4.3% |
| 营收同比 | 2.9% | -30.6% |
| 净利润同比 | 4.2% | -67.1% |
| 每股收益（稀释后） | $8.31 | $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DDSMIDD
| Q4 25 | $1.5B | $866.4M | ||
| Q3 25 | $1.5B | $982.1M | ||
| Q2 25 | $1.5B | $977.9M | ||
| Q1 25 | $2.0B | $906.6M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.5B | $942.8M | ||
| Q2 24 | $1.5B | $991.5M | ||
| Q1 24 | $2.1B | $926.9M |
净利润DDSMIDD
| Q4 25 | $129.8M | $36.9M | ||
| Q3 25 | $72.8M | $-513.0M | ||
| Q2 25 | $163.8M | $106.0M | ||
| Q1 25 | $214.4M | $92.4M | ||
| Q4 24 | $124.6M | $112.3M | ||
| Q3 24 | $74.5M | $114.2M | ||
| Q2 24 | $180.0M | $115.4M | ||
| Q1 24 | $250.5M | $86.6M |
毛利率DDSMIDD
| Q4 25 | 43.4% | 38.8% | ||
| Q3 25 | 36.6% | 36.8% | ||
| Q2 25 | 43.9% | 38.0% | ||
| Q1 25 | 34.9% | 38.2% | ||
| Q4 24 | 42.6% | 38.4% | ||
| Q3 24 | 37.6% | 37.7% | ||
| Q2 24 | 44.6% | 38.3% | ||
| Q1 24 | 36.6% | 37.4% |
营业利润率DDSMIDD
| Q4 25 | 11.5% | 17.3% | ||
| Q3 25 | 6.2% | -56.4% | ||
| Q2 25 | 14.0% | 15.9% | ||
| Q1 25 | 11.7% | 15.5% | ||
| Q4 24 | 11.4% | 16.8% | ||
| Q3 24 | 6.5% | 18.4% | ||
| Q2 24 | 15.2% | 17.7% | ||
| Q1 24 | 13.3% | 14.8% |
净利率DDSMIDD
| Q4 25 | 8.8% | 4.3% | ||
| Q3 25 | 4.8% | -52.2% | ||
| Q2 25 | 10.7% | 10.8% | ||
| Q1 25 | 10.6% | 10.2% | ||
| Q4 24 | 8.7% | 11.1% | ||
| Q3 24 | 5.0% | 12.1% | ||
| Q2 24 | 11.6% | 11.6% | ||
| Q1 24 | 11.8% | 9.3% |
每股收益（稀释后）DDSMIDD
| Q4 25 | $8.31 | $0.74 | ||
| Q3 25 | $4.66 | $-10.15 | ||
| Q2 25 | $10.39 | $1.99 | ||
| Q1 25 | $13.41 | $1.69 | ||
| Q4 24 | $7.73 | $2.07 | ||
| Q3 24 | $4.59 | $2.11 | ||
| Q2 24 | $11.09 | $2.13 | ||
| Q1 24 | $15.41 | $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 | $1.1B | $222.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $2.0B | $2.8B |
| 总资产 | $4.3B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资DDSMIDD
| Q4 25 | $1.1B | $222.2M | ||
| Q3 25 | $1.0B | $175.1M | ||
| Q2 25 | $900.5M | $511.5M | ||
| Q1 25 | $717.9M | $745.1M | ||
| Q4 24 | $980.4M | $689.5M | ||
| Q3 24 | $946.7M | $606.0M | ||
| Q2 24 | $817.8M | $459.5M | ||
| Q1 24 | $808.3M | $341.0M |
总债务DDSMIDD
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DDSMIDD
| Q4 25 | $2.0B | $2.8B | ||
| Q3 25 | $1.9B | $2.9B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $2.0B | $3.6B | ||
| Q3 24 | $1.9B | $3.6B | ||
| Q2 24 | $1.9B | $3.4B | ||
| Q1 24 | $1.7B | $3.3B |
总资产DDSMIDD
| Q4 25 | $4.3B | $6.3B | ||
| Q3 25 | $3.7B | $6.4B | ||
| Q2 25 | $3.9B | $7.3B | ||
| Q1 25 | $3.5B | $7.4B | ||
| Q4 24 | $4.1B | $7.3B | ||
| Q3 24 | $3.7B | $7.2B | ||
| Q2 24 | $3.9B | $7.0B | ||
| Q1 24 | $3.4B | $6.9B |
负债/权益比DDSMIDD
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $186.5M | — |
| 自由现金流经营现金流 - 资本支出 | $156.2M | $165.5M |
| 自由现金流率自由现金流/营收 | 10.6% | 19.1% |
| 资本支出强度资本支出/营收 | 2.1% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $781.3M | $530.1M |
8季度趋势，按日历期对齐
经营现金流DDSMIDD
| Q4 25 | $186.5M | — | ||
| Q3 25 | $86.8M | $176.3M | ||
| Q2 25 | $232.6M | $122.0M | ||
| Q1 25 | $364.7M | $141.1M | ||
| Q4 24 | $173.5M | $239.7M | ||
| Q3 24 | $-68.4M | $156.7M | ||
| Q2 24 | $244.4M | $149.5M | ||
| Q1 24 | $436.5M | $140.9M |
自由现金流DDSMIDD
| Q4 25 | $156.2M | $165.5M | ||
| Q3 25 | $60.1M | $156.1M | ||
| Q2 25 | $215.8M | $101.1M | ||
| Q1 25 | $349.3M | $107.4M | ||
| Q4 24 | $145.4M | $226.6M | ||
| Q3 24 | $-94.3M | $145.2M | ||
| Q2 24 | $209.2M | $138.6M | ||
| Q1 24 | $408.2M | $127.2M |
自由现金流率DDSMIDD
| Q4 25 | 10.6% | 19.1% | ||
| Q3 25 | 4.0% | 15.9% | ||
| Q2 25 | 14.1% | 10.3% | ||
| Q1 25 | 17.3% | 11.8% | ||
| Q4 24 | 10.2% | 22.3% | ||
| Q3 24 | -6.3% | 15.4% | ||
| Q2 24 | 13.5% | 14.0% | ||
| Q1 24 | 19.2% | 13.7% |
资本支出强度DDSMIDD
| Q4 25 | 2.1% | 1.5% | ||
| Q3 25 | 1.8% | 2.1% | ||
| Q2 25 | 1.1% | 2.1% | ||
| Q1 25 | 0.8% | 3.7% | ||
| Q4 24 | 2.0% | 1.3% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 2.3% | 1.1% | ||
| Q1 24 | 1.3% | 1.5% |
现金转化率DDSMIDD
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.42× | 1.15× | ||
| Q1 25 | 1.70× | 1.53× | ||
| Q4 24 | 1.39× | 2.13× | ||
| Q3 24 | -0.92× | 1.37× | ||
| Q2 24 | 1.36× | 1.30× | ||
| Q1 24 | 1.74× | 1.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
