vs
易贝（EBAY）与露露乐蒙（LULU）财务数据对比。点击上方公司名可切换其他公司
易贝的季度营收约是露露乐蒙的1.2倍（$3.0B vs $2.6B），易贝净利率更高（17.8% vs 12.0%，领先5.8%），易贝同比增速更快（15.0% vs 7.1%），易贝自由现金流更多（$478.0M vs $82.4M），过去两年易贝的营收复合增速更高（7.7% vs -10.5%）
eBay是总部位于美国加利福尼亚州圣何塞的跨国电商企业，1995年9月由皮埃尔·奥米迪亚创立。其业务覆盖全球190个市场，旗下线上平台支持拍卖及“立即购买”两种销售模式，消费者可便捷选购各类商品，平台会在卖家完成交易后收取相应佣金。
露露乐蒙是源自美国和加拿大的跨国运动服饰零售商，1998年成立初期主打瑜伽裤及其他瑜伽服饰，目前已拓展业务至运动装备、休闲服饰、配件及个护产品，总部位于加拿大不列颠哥伦比亚省温哥华，共拥有767家线下门店，同时开设官方网站提供线上销售服务。
EBAY vs LULU — 直观对比
营收规模更大
EBAY
是对方的1.2倍
$2.6B
营收增速更快
EBAY
高出7.9%
7.1%
净利率更高
EBAY
高出5.8%
12.0%
自由现金流更多
EBAY
多$395.6M
$82.4M
两年增速更快
EBAY
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.6B |
| 净利润 | $528.0M | $306.8M |
| 毛利率 | 71.4% | 55.6% |
| 营业利润率 | 20.3% | 17.0% |
| 净利率 | 17.8% | 12.0% |
| 营收同比 | 15.0% | 7.1% |
| 净利润同比 | -22.2% | -12.8% |
| 每股收益（稀释后） | $1.14 | $2.59 |
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EBAYLULU
| Q4 25 | $3.0B | $2.6B | ||
| Q3 25 | $2.8B | $2.5B | ||
| Q2 25 | $2.7B | $2.4B | ||
| Q1 25 | $2.6B | $3.6B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.6B | $3.2B |
净利润EBAYLULU
| Q4 25 | $528.0M | $306.8M | ||
| Q3 25 | $632.0M | $370.9M | ||
| Q2 25 | $368.0M | $314.6M | ||
| Q1 25 | $503.0M | $748.4M | ||
| Q4 24 | $679.0M | $351.9M | ||
| Q3 24 | $634.0M | $392.9M | ||
| Q2 24 | $224.0M | $321.4M | ||
| Q1 24 | $438.0M | $669.5M |
毛利率EBAYLULU
| Q4 25 | 71.4% | 55.6% | ||
| Q3 25 | 70.9% | 58.5% | ||
| Q2 25 | 71.6% | 58.3% | ||
| Q1 25 | 72.0% | 60.4% | ||
| Q4 24 | 72.2% | 58.5% | ||
| Q3 24 | 71.8% | 59.6% | ||
| Q2 24 | 71.4% | 57.7% | ||
| Q1 24 | 72.6% | 59.4% |
营业利润率EBAYLULU
| Q4 25 | 20.3% | 17.0% | ||
| Q3 25 | 20.4% | 20.7% | ||
| Q2 25 | 17.7% | 18.5% | ||
| Q1 25 | 23.8% | 28.9% | ||
| Q4 24 | 21.1% | 20.5% | ||
| Q3 24 | 23.1% | 22.8% | ||
| Q2 24 | 21.3% | 19.6% | ||
| Q1 24 | 24.7% | 28.5% |
净利率EBAYLULU
| Q4 25 | 17.8% | 12.0% | ||
| Q3 25 | 22.4% | 14.7% | ||
| Q2 25 | 13.5% | 13.3% | ||
| Q1 25 | 19.5% | 20.7% | ||
| Q4 24 | 26.3% | 14.7% | ||
| Q3 24 | 24.6% | 16.6% | ||
| Q2 24 | 8.7% | 14.6% | ||
| Q1 24 | 17.1% | 20.9% |
每股收益（稀释后）EBAYLULU
| Q4 25 | $1.14 | $2.59 | ||
| Q3 25 | $1.35 | $3.10 | ||
| Q2 25 | $0.79 | $2.60 | ||
| Q1 25 | $1.06 | $6.08 | ||
| Q4 24 | $1.35 | $2.87 | ||
| Q3 24 | $1.29 | $3.15 | ||
| Q2 24 | $0.45 | $2.54 | ||
| Q1 24 | $0.85 | $5.28 |
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 | $1.9B | — |
| 总债务越低越好 | $6.0B | — |
| 股东权益账面价值 | $4.6B | $4.5B |
| 总资产 | $17.6B | $8.0B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资EBAYLULU
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
总债务EBAYLULU
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.2B | — |
股东权益EBAYLULU
| Q4 25 | $4.6B | $4.5B | ||
| Q3 25 | $4.7B | $4.4B | ||
| Q2 25 | $4.7B | $4.3B | ||
| Q1 25 | $5.0B | $4.3B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $5.5B | $4.2B | ||
| Q1 24 | $6.3B | $4.2B |
总资产EBAYLULU
| Q4 25 | $17.6B | $8.0B | ||
| Q3 25 | $17.8B | $7.5B | ||
| Q2 25 | $18.0B | $7.4B | ||
| Q1 25 | $19.0B | $7.6B | ||
| Q4 24 | $19.4B | $7.1B | ||
| Q3 24 | $19.9B | $6.7B | ||
| Q2 24 | $20.4B | $6.8B | ||
| Q1 24 | $21.4B | $7.1B |
负债/权益比EBAYLULU
| Q4 25 | 1.30× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.98× | — |
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 | $595.0M | $249.9M |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $82.4M |
| 自由现金流率自由现金流/营收 | 16.1% | 3.2% |
| 资本支出强度资本支出/营收 | 3.9% | 6.5% |
| 现金转化率经营现金流/净利润 | 1.13× | 0.81× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $1.1B |
8季度趋势，按日历期对齐
经营现金流EBAYLULU
| Q4 25 | $595.0M | $249.9M | ||
| Q3 25 | $934.0M | $328.7M | ||
| Q2 25 | $-307.0M | $-119.0M | ||
| Q1 25 | $787.0M | $1.4B | ||
| Q4 24 | $677.0M | $300.7M | ||
| Q3 24 | $755.0M | $443.1M | ||
| Q2 24 | $367.0M | $127.5M | ||
| Q1 24 | $615.0M | $1.4B |
自由现金流EBAYLULU
| Q4 25 | $478.0M | $82.4M | ||
| Q3 25 | $803.0M | $150.8M | ||
| Q2 25 | $-441.0M | $-271.2M | ||
| Q1 25 | $644.0M | $1.2B | ||
| Q4 24 | $560.0M | $122.2M | ||
| Q3 24 | $646.0M | $298.1M | ||
| Q2 24 | $278.0M | $-3.2M | ||
| Q1 24 | $472.0M | $1.2B |
自由现金流率EBAYLULU
| Q4 25 | 16.1% | 3.2% | ||
| Q3 25 | 28.5% | 6.0% | ||
| Q2 25 | -16.2% | -11.4% | ||
| Q1 25 | 24.9% | 32.3% | ||
| Q4 24 | 21.7% | 5.1% | ||
| Q3 24 | 25.1% | 12.6% | ||
| Q2 24 | 10.8% | -0.1% | ||
| Q1 24 | 18.5% | 36.7% |
资本支出强度EBAYLULU
| Q4 25 | 3.9% | 6.5% | ||
| Q3 25 | 4.6% | 7.0% | ||
| Q2 25 | 4.9% | 6.4% | ||
| Q1 25 | 5.5% | 6.5% | ||
| Q4 24 | 4.5% | 7.4% | ||
| Q3 24 | 4.2% | 6.1% | ||
| Q2 24 | 3.5% | 5.9% | ||
| Q1 24 | 5.6% | 6.4% |
现金转化率EBAYLULU
| Q4 25 | 1.13× | 0.81× | ||
| Q3 25 | 1.48× | 0.89× | ||
| Q2 25 | -0.83× | -0.38× | ||
| Q1 25 | 1.56× | 1.87× | ||
| Q4 24 | 1.00× | 0.85× | ||
| Q3 24 | 1.19× | 1.13× | ||
| Q2 24 | 1.64× | 0.40× | ||
| Q1 24 | 1.40× | 2.07× |
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
EBAY
| Marketplace Revenues | $2.4B | 82% |
| Advertising Revenues | $544.0M | 18% |
LULU
| Womens Apparel | $1.6B | 64% |
| Mens Apparel | $596.2M | 23% |
| Accessories And Other Categories | $324.7M | 13% |
