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雅诗兰黛（EL）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是雅诗兰黛的1.6倍（$6.8B vs $4.2B），帕卡净利率更高（8.2% vs 3.8%，领先4.3%），雅诗兰黛同比增速更快（5.6% vs -13.7%），雅诗兰黛自由现金流更多（$1.0B vs $954.4M），过去两年雅诗兰黛的营收复合增速更高（3.6% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
EL vs PCAR — 直观对比
营收规模更大
PCAR
是对方的1.6倍
$4.2B
营收增速更快
EL
高出19.4%
-13.7%
净利率更高
PCAR
高出4.3%
3.8%
自由现金流更多
EL
多$62.6M
$954.4M
两年增速更快
EL
近两年复合增速
-11.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $6.8B |
| 净利润 | $162.0M | $556.9M |
| 毛利率 | 76.5% | 19.3% |
| 营业利润率 | 9.5% | 10.3% |
| 净利率 | 3.8% | 8.2% |
| 营收同比 | 5.6% | -13.7% |
| 净利润同比 | 127.5% | -36.1% |
| 每股收益（稀释后） | $0.44 | $1.06 |
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ELPCAR
| Q4 25 | $4.2B | $6.8B | ||
| Q3 25 | $3.5B | $6.7B | ||
| Q2 25 | $3.4B | $7.5B | ||
| Q1 25 | $3.5B | $7.4B | ||
| Q4 24 | $4.0B | $7.9B | ||
| Q3 24 | $3.4B | $8.2B | ||
| Q2 24 | $3.9B | $8.8B | ||
| Q1 24 | $3.9B | $8.7B |
净利润ELPCAR
| Q4 25 | $162.0M | $556.9M | ||
| Q3 25 | $47.0M | $590.0M | ||
| Q2 25 | $-546.0M | $723.8M | ||
| Q1 25 | $159.0M | $505.1M | ||
| Q4 24 | $-590.0M | $872.0M | ||
| Q3 24 | $-156.0M | $972.1M | ||
| Q2 24 | $-286.0M | $1.1B | ||
| Q1 24 | $335.0M | $1.2B |
毛利率ELPCAR
| Q4 25 | 76.5% | 19.3% | ||
| Q3 25 | 73.4% | 19.9% | ||
| Q2 25 | 72.0% | 20.2% | ||
| Q1 25 | 75.0% | 20.8% | ||
| Q4 24 | 76.1% | 21.6% | ||
| Q3 24 | 72.4% | 22.0% | ||
| Q2 24 | 71.8% | 22.8% | ||
| Q1 24 | 71.9% | 23.7% |
营业利润率ELPCAR
| Q4 25 | 9.5% | 10.3% | ||
| Q3 25 | 4.9% | 11.1% | ||
| Q2 25 | -11.4% | 12.4% | ||
| Q1 25 | 8.6% | 8.6% | ||
| Q4 24 | -14.5% | 14.5% | ||
| Q3 24 | -3.6% | 15.2% | ||
| Q2 24 | -6.0% | 16.7% | ||
| Q1 24 | 13.5% | 17.5% |
净利率ELPCAR
| Q4 25 | 3.8% | 8.2% | ||
| Q3 25 | 1.4% | 8.8% | ||
| Q2 25 | -16.0% | 9.6% | ||
| Q1 25 | 4.5% | 6.8% | ||
| Q4 24 | -14.7% | 11.0% | ||
| Q3 24 | -4.6% | 11.8% | ||
| Q2 24 | -7.4% | 12.8% | ||
| Q1 24 | 8.5% | 13.7% |
每股收益（稀释后）ELPCAR
| Q4 25 | $0.44 | $1.06 | ||
| Q3 25 | $0.13 | $1.12 | ||
| Q2 25 | $-1.52 | $1.37 | ||
| Q1 25 | $0.44 | $0.96 | ||
| Q4 24 | $-1.64 | $1.65 | ||
| Q3 24 | $-0.43 | $1.85 | ||
| Q2 24 | $-0.79 | $2.13 | ||
| Q1 24 | $0.91 | $2.27 |
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 | — | — |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $4.0B | $19.3B |
| 总资产 | $19.6B | $44.3B |
| 负债/权益比越低杠杆越低 | 1.82× | — |
8季度趋势，按日历期对齐
总债务ELPCAR
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.3B | — |
股东权益ELPCAR
| Q4 25 | $4.0B | $19.3B | ||
| Q3 25 | $3.9B | $19.4B | ||
| Q2 25 | $3.9B | $18.9B | ||
| Q1 25 | $4.3B | $18.0B | ||
| Q4 24 | $4.2B | $17.5B | ||
| Q3 24 | $5.1B | $18.7B | ||
| Q2 24 | $5.3B | $17.7B | ||
| Q1 24 | $5.7B | $16.9B |
总资产ELPCAR
| Q4 25 | $19.6B | $44.3B | ||
| Q3 25 | $19.3B | $44.2B | ||
| Q2 25 | $19.9B | $44.1B | ||
| Q1 25 | $19.9B | $42.7B | ||
| Q4 24 | $19.8B | $43.4B | ||
| Q3 24 | $21.3B | $43.3B | ||
| Q2 24 | $21.7B | $41.2B | ||
| Q1 24 | $22.7B | $40.4B |
负债/权益比ELPCAR
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.26× | — |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $954.4M |
| 自由现金流率自由现金流/营收 | 24.0% | 14.0% |
| 资本支出强度资本支出/营收 | 2.6% | 2.8% |
| 现金转化率经营现金流/净利润 | 6.94× | 2.05× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $3.7B |
8季度趋势，按日历期对齐
经营现金流ELPCAR
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $-340.0M | $1.5B | ||
| Q2 25 | $601.0M | $833.4M | ||
| Q1 25 | $284.0M | $910.3M | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $-670.0M | $1.3B | ||
| Q2 24 | $889.0M | $440.0M | ||
| Q1 24 | $534.0M | $1.5B |
自由现金流ELPCAR
| Q4 25 | $1.0B | $954.4M | ||
| Q3 25 | $-436.0M | $1.4B | ||
| Q2 25 | $394.0M | $611.3M | ||
| Q1 25 | $162.0M | $745.2M | ||
| Q4 24 | $925.0M | $1.2B | ||
| Q3 24 | $-811.0M | $1.1B | ||
| Q2 24 | $672.0M | $219.7M | ||
| Q1 24 | $359.0M | $1.3B |
自由现金流率ELPCAR
| Q4 25 | 24.0% | 14.0% | ||
| Q3 25 | -12.5% | 20.4% | ||
| Q2 25 | 11.6% | 8.1% | ||
| Q1 25 | 4.6% | 10.0% | ||
| Q4 24 | 23.1% | 15.3% | ||
| Q3 24 | -24.1% | 13.3% | ||
| Q2 24 | 17.4% | 2.5% | ||
| Q1 24 | 9.1% | 14.6% |
资本支出强度ELPCAR
| Q4 25 | 2.6% | 2.8% | ||
| Q3 25 | 2.8% | 2.5% | ||
| Q2 25 | 6.1% | 3.0% | ||
| Q1 25 | 3.4% | 2.2% | ||
| Q4 24 | 3.3% | 3.0% | ||
| Q3 24 | 4.2% | 2.4% | ||
| Q2 24 | 5.6% | 2.5% | ||
| Q1 24 | 4.4% | 2.2% |
现金转化率ELPCAR
| Q4 25 | 6.94× | 2.05× | ||
| Q3 25 | -7.23× | 2.59× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 1.79× | 1.80× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | 1.59× | 1.23× |
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% |
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
