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雅诗兰黛（EL）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是雅诗兰黛的1.7倍（$7.4B vs $4.2B），美国合众银行净利率更高（27.8% vs 3.8%，领先23.9%），雅诗兰黛同比增速更快（5.6% vs 5.1%），过去两年美国合众银行的营收复合增速更高（4.7% 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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
EL vs USB — 直观对比
营收规模更大
USB
是对方的1.7倍
$4.2B
营收增速更快
EL
高出0.5%
5.1%
净利率更高
USB
高出23.9%
3.8%
两年增速更快
USB
近两年复合增速
3.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.4B |
| 净利润 | $162.0M | $2.0B |
| 毛利率 | 76.5% | — |
| 营业利润率 | 9.5% | 34.4% |
| 净利率 | 3.8% | 27.8% |
| 营收同比 | 5.6% | 5.1% |
| 净利润同比 | 127.5% | 23.0% |
| 每股收益（稀释后） | $0.44 | $1.26 |
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ELUSB
| Q4 25 | $4.2B | $7.4B | ||
| Q3 25 | $3.5B | $7.3B | ||
| Q2 25 | $3.4B | $7.0B | ||
| Q1 25 | $3.5B | $7.0B | ||
| Q4 24 | $4.0B | $7.0B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.9B | $6.9B | ||
| Q1 24 | $3.9B | $6.7B |
净利润ELUSB
| Q4 25 | $162.0M | $2.0B | ||
| Q3 25 | $47.0M | $2.0B | ||
| Q2 25 | $-546.0M | $1.8B | ||
| Q1 25 | $159.0M | $1.7B | ||
| Q4 24 | $-590.0M | $1.7B | ||
| Q3 24 | $-156.0M | $1.7B | ||
| Q2 24 | $-286.0M | $1.6B | ||
| Q1 24 | $335.0M | $1.3B |
毛利率ELUSB
| Q4 25 | 76.5% | — | ||
| Q3 25 | 73.4% | — | ||
| Q2 25 | 72.0% | — | ||
| Q1 25 | 75.0% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 72.4% | — | ||
| Q2 24 | 71.8% | — | ||
| Q1 24 | 71.9% | — |
营业利润率ELUSB
| Q4 25 | 9.5% | 34.4% | ||
| Q3 25 | 4.9% | 34.5% | ||
| Q2 25 | -11.4% | 32.7% | ||
| Q1 25 | 8.6% | 31.0% | ||
| Q4 24 | -14.5% | 30.1% | ||
| Q3 24 | -3.6% | 30.2% | ||
| Q2 24 | -6.0% | 29.9% | ||
| Q1 24 | 13.5% | 24.9% |
净利率ELUSB
| Q4 25 | 3.8% | 27.8% | ||
| Q3 25 | 1.4% | 27.3% | ||
| Q2 25 | -16.0% | 25.9% | ||
| Q1 25 | 4.5% | 24.6% | ||
| Q4 24 | -14.7% | 23.7% | ||
| Q3 24 | -4.6% | 25.0% | ||
| Q2 24 | -7.4% | 23.3% | ||
| Q1 24 | 8.5% | 19.6% |
每股收益（稀释后）ELUSB
| Q4 25 | $0.44 | $1.26 | ||
| Q3 25 | $0.13 | $1.22 | ||
| Q2 25 | $-1.52 | $1.11 | ||
| Q1 25 | $0.44 | $1.03 | ||
| Q4 24 | $-1.64 | $1.01 | ||
| Q3 24 | $-0.43 | $1.03 | ||
| Q2 24 | $-0.79 | $0.97 | ||
| Q1 24 | $0.91 | $0.78 |
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 | $65.2B |
| 总资产 | $19.6B | $692.3B |
| 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ELUSB
| 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ELUSB
| Q4 25 | $4.0B | $65.2B | ||
| Q3 25 | $3.9B | $63.3B | ||
| Q2 25 | $3.9B | $61.4B | ||
| Q1 25 | $4.3B | $60.1B | ||
| Q4 24 | $4.2B | $58.6B | ||
| Q3 24 | $5.1B | $58.9B | ||
| Q2 24 | $5.3B | $56.4B | ||
| Q1 24 | $5.7B | $55.6B |
总资产ELUSB
| Q4 25 | $19.6B | $692.3B | ||
| Q3 25 | $19.3B | $695.4B | ||
| Q2 25 | $19.9B | $686.4B | ||
| Q1 25 | $19.9B | $676.5B | ||
| Q4 24 | $19.8B | $678.3B | ||
| Q3 24 | $21.3B | $686.5B | ||
| Q2 24 | $21.7B | $680.1B | ||
| Q1 24 | $22.7B | $683.6B |
负债/权益比ELUSB
| 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 | $2.8B |
| 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 | 24.0% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 6.94× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流ELUSB
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $-340.0M | $3.4B | ||
| Q2 25 | $601.0M | $2.0B | ||
| Q1 25 | $284.0M | $-285.0M | ||
| Q4 24 | $1.1B | $4.8B | ||
| Q3 24 | $-670.0M | $972.0M | ||
| Q2 24 | $889.0M | $2.9B | ||
| Q1 24 | $534.0M | $2.7B |
自由现金流ELUSB
| Q4 25 | $1.0B | — | ||
| Q3 25 | $-436.0M | — | ||
| Q2 25 | $394.0M | — | ||
| Q1 25 | $162.0M | — | ||
| Q4 24 | $925.0M | — | ||
| Q3 24 | $-811.0M | — | ||
| Q2 24 | $672.0M | — | ||
| Q1 24 | $359.0M | — |
自由现金流率ELUSB
| Q4 25 | 24.0% | — | ||
| Q3 25 | -12.5% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | -24.1% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 9.1% | — |
资本支出强度ELUSB
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 4.4% | — |
现金转化率ELUSB
| Q4 25 | 6.94× | 1.39× | ||
| Q3 25 | -7.23× | 1.69× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | 1.79× | -0.17× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 1.79× | ||
| Q1 24 | 1.59× | 2.02× |
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% |
USB
暂无分部数据
