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雅诗兰黛（EL）与捷普（JBL）财务数据对比。点击上方公司名可切换其他公司
捷普的季度营收约是雅诗兰黛的2.0倍（$8.3B vs $4.2B），雅诗兰黛净利率更高（3.8% vs 1.8%，领先2.1%），捷普同比增速更快（18.7% vs 5.6%），雅诗兰黛自由现金流更多（$1.0B vs $228.0M），过去两年捷普的营收复合增速更高（10.8% vs 3.6%）
雅诗兰黛是全球知名的高端美妆集团，由创始人雅诗·兰黛女士与丈夫约瑟夫·劳特共同创立。雅诗·兰黛女士也是唯一一位登上《时代》杂志1998年“20世纪20位最具影响力商业天才”榜单的女性，集团旗下拥有多个知名美妆、护肤、香氛品牌，业务覆盖全球众多国家和地区。
捷普（Jabil Inc.）是美国跨国制造企业，业务涵盖电子电路板组件及系统的设计、研发与生产，同时提供供应链服务，核心客户以原始设备制造商（OEM）为主。公司总部位于佛罗里达州圣彼得堡Gateway区域，是坦帕湾地区规模最大的企业之一。
EL vs JBL — 直观对比
营收规模更大
JBL
是对方的2.0倍
$4.2B
营收增速更快
JBL
高出13.1%
5.6%
净利率更高
EL
高出2.1%
1.8%
自由现金流更多
EL
多$789.0M
$228.0M
两年增速更快
JBL
近两年复合增速
3.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $8.3B |
| 净利润 | $162.0M | $146.0M |
| 毛利率 | 76.5% | 8.9% |
| 营业利润率 | 9.5% | 3.4% |
| 净利率 | 3.8% | 1.8% |
| 营收同比 | 5.6% | 18.7% |
| 净利润同比 | 127.5% | 46.0% |
| 每股收益（稀释后） | $0.44 | $1.35 |
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ELJBL
| Q4 25 | $4.2B | $8.3B | ||
| Q3 25 | $3.5B | $8.3B | ||
| Q2 25 | $3.4B | $7.8B | ||
| Q1 25 | $3.5B | $6.7B | ||
| Q4 24 | $4.0B | $7.0B | ||
| Q3 24 | $3.4B | $7.0B | ||
| Q2 24 | $3.9B | $6.8B | ||
| Q1 24 | $3.9B | $6.8B |
净利润ELJBL
| Q4 25 | $162.0M | $146.0M | ||
| Q3 25 | $47.0M | $218.0M | ||
| Q2 25 | $-546.0M | $222.0M | ||
| Q1 25 | $159.0M | $117.0M | ||
| Q4 24 | $-590.0M | $100.0M | ||
| Q3 24 | $-156.0M | $138.0M | ||
| Q2 24 | $-286.0M | $129.0M | ||
| Q1 24 | $335.0M | $927.0M |
毛利率ELJBL
| Q4 25 | 76.5% | 8.9% | ||
| Q3 25 | 73.4% | 9.5% | ||
| Q2 25 | 72.0% | 8.7% | ||
| Q1 25 | 75.0% | 8.6% | ||
| Q4 24 | 76.1% | 8.7% | ||
| Q3 24 | 72.4% | 9.5% | ||
| Q2 24 | 71.8% | 9.0% | ||
| Q1 24 | 71.9% | 9.3% |
营业利润率ELJBL
| Q4 25 | 9.5% | 3.4% | ||
| Q3 25 | 4.9% | 4.1% | ||
| Q2 25 | -11.4% | 5.1% | ||
| Q1 25 | 8.6% | 3.6% | ||
| Q4 24 | -14.5% | 2.8% | ||
| Q3 24 | -3.6% | 4.6% | ||
| Q2 24 | -6.0% | 3.9% | ||
| Q1 24 | 13.5% | 16.7% |
净利率ELJBL
| Q4 25 | 3.8% | 1.8% | ||
| Q3 25 | 1.4% | 2.6% | ||
| Q2 25 | -16.0% | 2.8% | ||
| Q1 25 | 4.5% | 1.7% | ||
| Q4 24 | -14.7% | 1.4% | ||
| Q3 24 | -4.6% | 2.0% | ||
| Q2 24 | -7.4% | 1.9% | ||
| Q1 24 | 8.5% | 13.7% |
每股收益（稀释后）ELJBL
| Q4 25 | $0.44 | $1.35 | ||
| Q3 25 | $0.13 | $1.95 | ||
| Q2 25 | $-1.52 | $2.03 | ||
| Q1 25 | $0.44 | $1.06 | ||
| Q4 24 | $-1.64 | $0.88 | ||
| Q3 24 | $-0.43 | $1.33 | ||
| Q2 24 | $-0.79 | $1.06 | ||
| Q1 24 | $0.91 | $7.31 |
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 | — | $1.6B |
| 总债务越低越好 | $7.3B | $2.9B |
| 股东权益账面价值 | $4.0B | $1.3B |
| 总资产 | $19.6B | $19.3B |
| 负债/权益比越低杠杆越低 | 1.82× | 2.15× |
8季度趋势，按日历期对齐
现金及短期投资ELJBL
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.6B |
总债务ELJBL
| Q4 25 | $7.3B | $2.9B | ||
| Q3 25 | $7.3B | $2.9B | ||
| Q2 25 | $7.3B | $2.9B | ||
| Q1 25 | $7.3B | $2.9B | ||
| Q4 24 | $7.3B | $2.9B | ||
| Q3 24 | $7.3B | $2.9B | ||
| Q2 24 | $7.3B | $2.9B | ||
| Q1 24 | $7.3B | $2.9B |
股东权益ELJBL
| Q4 25 | $4.0B | $1.3B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $4.3B | $1.4B | ||
| Q4 24 | $4.2B | $1.6B | ||
| Q3 24 | $5.1B | $1.7B | ||
| Q2 24 | $5.3B | $2.3B | ||
| Q1 24 | $5.7B | $2.7B |
总资产ELJBL
| Q4 25 | $19.6B | $19.3B | ||
| Q3 25 | $19.3B | $18.5B | ||
| Q2 25 | $19.9B | $18.6B | ||
| Q1 25 | $19.9B | $17.4B | ||
| Q4 24 | $19.8B | $17.8B | ||
| Q3 24 | $21.3B | $17.4B | ||
| Q2 24 | $21.7B | $17.4B | ||
| Q1 24 | $22.7B | $17.1B |
负债/权益比ELJBL
| Q4 25 | 1.82× | 2.15× | ||
| Q3 25 | 1.88× | 1.91× | ||
| Q2 25 | 1.89× | 2.24× | ||
| Q1 25 | 1.68× | 2.12× | ||
| Q4 24 | 1.75× | 1.81× | ||
| Q3 24 | 1.44× | 1.66× | ||
| Q2 24 | 1.37× | 1.26× | ||
| Q1 24 | 1.26× | 1.08× |
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 | $1.1B | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $228.0M |
| 自由现金流率自由现金流/营收 | 24.0% | 2.7% |
| 资本支出强度资本支出/营收 | 2.6% | 1.1% |
| 现金转化率经营现金流/净利润 | 6.94× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.2B |
8季度趋势，按日历期对齐
经营现金流ELJBL
| Q4 25 | $1.1B | $323.0M | ||
| Q3 25 | $-340.0M | $588.0M | ||
| Q2 25 | $601.0M | $406.0M | ||
| Q1 25 | $284.0M | $334.0M | ||
| Q4 24 | $1.1B | $312.0M | ||
| Q3 24 | $-670.0M | $535.0M | ||
| Q2 24 | $889.0M | $515.0M | ||
| Q1 24 | $534.0M | $218.0M |
自由现金流ELJBL
| Q4 25 | $1.0B | $228.0M | ||
| Q3 25 | $-436.0M | $419.0M | ||
| Q2 25 | $394.0M | $320.0M | ||
| Q1 25 | $162.0M | $218.0M | ||
| Q4 24 | $925.0M | $215.0M | ||
| Q3 24 | $-811.0M | $411.0M | ||
| Q2 24 | $672.0M | $409.0M | ||
| Q1 24 | $359.0M | $-48.0M |
自由现金流率ELJBL
| Q4 25 | 24.0% | 2.7% | ||
| Q3 25 | -12.5% | 5.1% | ||
| Q2 25 | 11.6% | 4.1% | ||
| Q1 25 | 4.6% | 3.2% | ||
| Q4 24 | 23.1% | 3.1% | ||
| Q3 24 | -24.1% | 5.9% | ||
| Q2 24 | 17.4% | 6.0% | ||
| Q1 24 | 9.1% | -0.7% |
资本支出强度ELJBL
| Q4 25 | 2.6% | 1.1% | ||
| Q3 25 | 2.8% | 2.0% | ||
| Q2 25 | 6.1% | 1.1% | ||
| Q1 25 | 3.4% | 1.7% | ||
| Q4 24 | 3.3% | 1.4% | ||
| Q3 24 | 4.2% | 1.8% | ||
| Q2 24 | 5.6% | 1.6% | ||
| Q1 24 | 4.4% | 3.9% |
现金转化率ELJBL
| Q4 25 | 6.94× | 2.21× | ||
| Q3 25 | -7.23× | 2.70× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | 1.79× | 2.85× | ||
| Q4 24 | — | 3.12× | ||
| Q3 24 | — | 3.88× | ||
| Q2 24 | — | 3.99× | ||
| Q1 24 | 1.59× | 0.24× |
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
EL
| Skin Care | $2.1B | 49% |
| Makeup | $1.2B | 28% |
| Fragrance | $812.0M | 19% |
| Hair Care | $168.0M | 4% |
| Other | $31.0M | 1% |
JBL
| Intelligent Infrastructure | $4.0B | 49% |
| Transferred Over Time | $2.9B | 35% |
| Connected Living And Digital Commerce | $1.2B | 15% |
| Transferred At Point In Time | $127.0M | 2% |
