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美国艺电（EA）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是美国艺电的1.3倍（$2.5B vs $1.9B），泰佩思琦净利率更高（22.4% vs 4.6%，领先17.8%），泰佩思琦同比增速更快（14.0% vs 1.0%），过去两年泰佩思琦的营收复合增速更高（29.9% vs 3.4%）
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
EA vs TPR — 直观对比
营收规模更大
TPR
是对方的1.3倍
$1.9B
营收增速更快
TPR
高出13.0%
1.0%
净利率更高
TPR
高出17.8%
4.6%
两年增速更快
TPR
近两年复合增速
3.4%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.5B |
| 净利润 | $88.0M | $561.3M |
| 毛利率 | 73.8% | 75.5% |
| 营业利润率 | 6.7% | 28.6% |
| 净利率 | 4.6% | 22.4% |
| 营收同比 | 1.0% | 14.0% |
| 净利润同比 | -70.0% | 80.8% |
| 每股收益（稀释后） | $0.35 | $2.68 |
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EATPR
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.8B | $1.5B |
净利润EATPR
| Q4 25 | $88.0M | $561.3M | ||
| Q3 25 | $137.0M | $274.8M | ||
| Q2 25 | $201.0M | $-517.1M | ||
| Q1 25 | $254.0M | $203.3M | ||
| Q4 24 | $293.0M | $310.4M | ||
| Q3 24 | $294.0M | $186.6M | ||
| Q2 24 | $280.0M | $159.3M | ||
| Q1 24 | $182.0M | $139.4M |
毛利率EATPR
| Q4 25 | 73.8% | 75.5% | ||
| Q3 25 | 75.9% | 76.3% | ||
| Q2 25 | 83.3% | 76.3% | ||
| Q1 25 | 80.6% | 76.1% | ||
| Q4 24 | 75.8% | 74.4% | ||
| Q3 24 | 77.5% | 75.3% | ||
| Q2 24 | 84.2% | 74.9% | ||
| Q1 24 | 79.9% | 74.7% |
营业利润率EATPR
| Q4 25 | 6.7% | 28.6% | ||
| Q3 25 | 10.9% | 19.3% | ||
| Q2 25 | 16.2% | -33.9% | ||
| Q1 25 | 20.8% | 16.0% | ||
| Q4 24 | 20.0% | 22.4% | ||
| Q3 24 | 19.0% | 16.7% | ||
| Q2 24 | 21.9% | 14.8% | ||
| Q1 24 | 13.2% | 13.8% |
净利率EATPR
| Q4 25 | 4.6% | 22.4% | ||
| Q3 25 | 7.4% | 16.1% | ||
| Q2 25 | 12.0% | -30.0% | ||
| Q1 25 | 13.4% | 12.8% | ||
| Q4 24 | 15.6% | 14.1% | ||
| Q3 24 | 14.5% | 12.4% | ||
| Q2 24 | 16.9% | 10.0% | ||
| Q1 24 | 10.2% | 9.4% |
每股收益（稀释后）EATPR
| Q4 25 | $0.35 | $2.68 | ||
| Q3 25 | $0.54 | $1.28 | ||
| Q2 25 | $0.79 | $-2.30 | ||
| Q1 25 | $0.99 | $0.95 | ||
| Q4 24 | $1.11 | $1.38 | ||
| Q3 24 | $1.11 | $0.79 | ||
| Q2 24 | $1.04 | $0.67 | ||
| Q1 24 | $0.67 | $0.60 |
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 | $2.8B | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $6.2B | $551.2M |
| 总资产 | $13.3B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资EATPR
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $1.1B | $743.2M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.8B | $1.0B | ||
| Q3 24 | $2.2B | $7.3B | ||
| Q2 24 | $2.4B | $7.2B | ||
| Q1 24 | $2.9B | $7.4B |
总债务EATPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益EATPR
| Q4 25 | $6.2B | $551.2M | ||
| Q3 25 | $6.0B | $399.5M | ||
| Q2 25 | $6.1B | $857.8M | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $7.4B | $1.3B | ||
| Q3 24 | $7.4B | $3.0B | ||
| Q2 24 | $7.4B | $2.9B | ||
| Q1 24 | $7.5B | $2.8B |
总资产EATPR
| Q4 25 | $13.3B | $6.5B | ||
| Q3 25 | $11.9B | $6.4B | ||
| Q2 25 | $11.7B | $6.6B | ||
| Q1 25 | $12.4B | $7.3B | ||
| Q4 24 | $13.5B | $7.3B | ||
| Q3 24 | $13.1B | $13.7B | ||
| Q2 24 | $12.7B | $13.4B | ||
| Q1 24 | $13.4B | $13.7B |
负债/权益比EATPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.8B | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 41.5% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 20.75× | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流EATPR
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $130.0M | $112.6M | ||
| Q2 25 | $17.0M | $446.8M | ||
| Q1 25 | $549.0M | $144.3M | ||
| Q4 24 | $1.2B | $506.0M | ||
| Q3 24 | $234.0M | $119.5M | ||
| Q2 24 | $120.0M | $256.0M | ||
| Q1 24 | $580.0M | $97.8M |
自由现金流EATPR
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M | ||
| Q1 24 | — | $78.8M |
自由现金流率EATPR
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 5.3% |
资本支出强度EATPR
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.3% |
现金转化率EATPR
| Q4 25 | 20.75× | 1.93× | ||
| Q3 25 | 0.95× | 0.41× | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 2.16× | 0.71× | ||
| Q4 24 | 4.01× | 1.63× | ||
| Q3 24 | 0.80× | 0.64× | ||
| Q2 24 | 0.43× | 1.61× | ||
| Q1 24 | 3.19× | 0.70× |
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
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
