vs
易贝（EBAY）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
易贝的季度营收约是泰佩思琦的1.2倍（$3.0B vs $2.5B），泰佩思琦净利率更高（22.4% vs 17.8%，领先4.6%），易贝同比增速更快（15.0% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $478.0M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 7.7%）
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。
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。
EBAY vs TPR — 直观对比
营收规模更大
EBAY
是对方的1.2倍
$2.5B
营收增速更快
EBAY
高出1.0%
14.0%
净利率更高
TPR
高出4.6%
17.8%
自由现金流更多
TPR
多$559.5M
$478.0M
两年增速更快
TPR
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.5B |
| 净利润 | $528.0M | $561.3M |
| 毛利率 | 71.4% | 75.5% |
| 营业利润率 | 20.3% | 28.6% |
| 净利率 | 17.8% | 22.4% |
| 营收同比 | 15.0% | 14.0% |
| 净利润同比 | -22.2% | 80.8% |
| 每股收益（稀释后） | $1.14 | $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EBAYTPR
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.6B | $1.5B |
净利润EBAYTPR
| Q4 25 | $528.0M | $561.3M | ||
| Q3 25 | $632.0M | $274.8M | ||
| Q2 25 | $368.0M | $-517.1M | ||
| Q1 25 | $503.0M | $203.3M | ||
| Q4 24 | $679.0M | $310.4M | ||
| Q3 24 | $634.0M | $186.6M | ||
| Q2 24 | $224.0M | $159.3M | ||
| Q1 24 | $438.0M | $139.4M |
毛利率EBAYTPR
| Q4 25 | 71.4% | 75.5% | ||
| Q3 25 | 70.9% | 76.3% | ||
| Q2 25 | 71.6% | 76.3% | ||
| Q1 25 | 72.0% | 76.1% | ||
| Q4 24 | 72.2% | 74.4% | ||
| Q3 24 | 71.8% | 75.3% | ||
| Q2 24 | 71.4% | 74.9% | ||
| Q1 24 | 72.6% | 74.7% |
营业利润率EBAYTPR
| Q4 25 | 20.3% | 28.6% | ||
| Q3 25 | 20.4% | 19.3% | ||
| Q2 25 | 17.7% | -33.9% | ||
| Q1 25 | 23.8% | 16.0% | ||
| Q4 24 | 21.1% | 22.4% | ||
| Q3 24 | 23.1% | 16.7% | ||
| Q2 24 | 21.3% | 14.8% | ||
| Q1 24 | 24.7% | 13.8% |
净利率EBAYTPR
| Q4 25 | 17.8% | 22.4% | ||
| Q3 25 | 22.4% | 16.1% | ||
| Q2 25 | 13.5% | -30.0% | ||
| Q1 25 | 19.5% | 12.8% | ||
| Q4 24 | 26.3% | 14.1% | ||
| Q3 24 | 24.6% | 12.4% | ||
| Q2 24 | 8.7% | 10.0% | ||
| Q1 24 | 17.1% | 9.4% |
每股收益（稀释后）EBAYTPR
| Q4 25 | $1.14 | $2.68 | ||
| Q3 25 | $1.35 | $1.28 | ||
| Q2 25 | $0.79 | $-2.30 | ||
| Q1 25 | $1.06 | $0.95 | ||
| Q4 24 | $1.35 | $1.38 | ||
| Q3 24 | $1.29 | $0.79 | ||
| Q2 24 | $0.45 | $0.67 | ||
| Q1 24 | $0.85 | $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 | $1.9B | $1.1B |
| 总债务越低越好 | $6.0B | $2.4B |
| 股东权益账面价值 | $4.6B | $551.2M |
| 总资产 | $17.6B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.30× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资EBAYTPR
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $2.4B | $743.2M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $3.1B | $1.1B | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $1.6B | $7.3B | ||
| Q2 24 | $2.0B | $7.2B | ||
| Q1 24 | $2.1B | $7.4B |
总债务EBAYTPR
| Q4 25 | $6.0B | $2.4B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.0B | $2.4B | ||
| Q1 25 | $5.8B | $2.4B | ||
| Q4 24 | $5.8B | $2.4B | ||
| Q3 24 | $6.2B | $7.0B | ||
| Q2 24 | $6.2B | $6.9B | ||
| Q1 24 | $6.2B | $7.7B |
股东权益EBAYTPR
| Q4 25 | $4.6B | $551.2M | ||
| Q3 25 | $4.7B | $399.5M | ||
| Q2 25 | $4.7B | $857.8M | ||
| Q1 25 | $5.0B | $1.5B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $6.3B | $2.8B |
总资产EBAYTPR
| Q4 25 | $17.6B | $6.5B | ||
| Q3 25 | $17.8B | $6.4B | ||
| Q2 25 | $18.0B | $6.6B | ||
| Q1 25 | $19.0B | $7.3B | ||
| Q4 24 | $19.4B | $7.3B | ||
| Q3 24 | $19.9B | $13.7B | ||
| Q2 24 | $20.4B | $13.4B | ||
| Q1 24 | $21.4B | $13.7B |
负债/权益比EBAYTPR
| Q4 25 | 1.30× | 4.32× | ||
| Q3 25 | 1.06× | 5.95× | ||
| Q2 25 | 1.05× | 2.77× | ||
| Q1 25 | 1.16× | 1.59× | ||
| Q4 24 | 1.12× | 1.78× | ||
| Q3 24 | 1.14× | 2.35× | ||
| Q2 24 | 1.12× | 2.39× | ||
| Q1 24 | 0.98× | 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 | $595.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 16.1% | 41.5% |
| 资本支出强度资本支出/营收 | 3.9% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $1.6B |
8季度趋势，按日历期对齐
经营现金流EBAYTPR
| Q4 25 | $595.0M | $1.1B | ||
| Q3 25 | $934.0M | $112.6M | ||
| Q2 25 | $-307.0M | $446.8M | ||
| Q1 25 | $787.0M | $144.3M | ||
| Q4 24 | $677.0M | $506.0M | ||
| Q3 24 | $755.0M | $119.5M | ||
| Q2 24 | $367.0M | $256.0M | ||
| Q1 24 | $615.0M | $97.8M |
自由现金流EBAYTPR
| Q4 25 | $478.0M | $1.0B | ||
| Q3 25 | $803.0M | $80.2M | ||
| Q2 25 | $-441.0M | $411.5M | ||
| Q1 25 | $644.0M | $113.4M | ||
| Q4 24 | $560.0M | $475.1M | ||
| Q3 24 | $646.0M | $93.9M | ||
| Q2 24 | $278.0M | $209.8M | ||
| Q1 24 | $472.0M | $78.8M |
自由现金流率EBAYTPR
| Q4 25 | 16.1% | 41.5% | ||
| Q3 25 | 28.5% | 4.7% | ||
| Q2 25 | -16.2% | 23.9% | ||
| Q1 25 | 24.9% | 7.2% | ||
| Q4 24 | 21.7% | 21.6% | ||
| Q3 24 | 25.1% | 6.2% | ||
| Q2 24 | 10.8% | 13.2% | ||
| Q1 24 | 18.5% | 5.3% |
资本支出强度EBAYTPR
| Q4 25 | 3.9% | 1.7% | ||
| Q3 25 | 4.6% | 1.9% | ||
| Q2 25 | 4.9% | 2.0% | ||
| Q1 25 | 5.5% | 2.0% | ||
| Q4 24 | 4.5% | 1.4% | ||
| Q3 24 | 4.2% | 1.7% | ||
| Q2 24 | 3.5% | 2.9% | ||
| Q1 24 | 5.6% | 1.3% |
现金转化率EBAYTPR
| Q4 25 | 1.13× | 1.93× | ||
| Q3 25 | 1.48× | 0.41× | ||
| Q2 25 | -0.83× | — | ||
| Q1 25 | 1.56× | 0.71× | ||
| Q4 24 | 1.00× | 1.63× | ||
| Q3 24 | 1.19× | 0.64× | ||
| Q2 24 | 1.64× | 1.61× | ||
| Q1 24 | 1.40× | 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
EBAY
| Marketplace Revenues | $2.4B | 82% |
| Advertising Revenues | $544.0M | 18% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
