vs
First American Financial Corp（FAF）与盖璞（GAP）财务数据对比。点击上方公司名可切换其他公司
盖璞的季度营收约是First American Financial Corp的1.9倍（$3.9B vs $2.0B），First American Financial Corp净利率更高（10.3% vs 6.0%，领先4.4%），First American Financial Corp同比增速更快（21.6% vs 3.0%），First American Financial Corp自由现金流更多（$324.5M vs $153.0M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs -4.2%）
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
FAF vs GAP — 直观对比
营收规模更大
GAP
是对方的1.9倍
$2.0B
营收增速更快
FAF
高出18.7%
3.0%
净利率更高
FAF
高出4.4%
6.0%
自由现金流更多
FAF
多$171.5M
$153.0M
两年增速更快
FAF
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.9B |
| 净利润 | $211.9M | $236.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 14.0% | 8.5% |
| 净利率 | 10.3% | 6.0% |
| 营收同比 | 21.6% | 3.0% |
| 净利润同比 | 192.7% | -13.9% |
| 每股收益（稀释后） | $2.04 | $0.62 |
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FAFGAP
| Q4 25 | $2.0B | $3.9B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $1.8B | $3.5B | ||
| Q1 25 | $1.6B | $4.1B | ||
| Q4 24 | $1.7B | $3.8B | ||
| Q3 24 | $1.4B | $3.7B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.4B | $4.3B |
净利润FAFGAP
| Q4 25 | $211.9M | $236.0M | ||
| Q3 25 | $189.6M | $216.0M | ||
| Q2 25 | $146.1M | $193.0M | ||
| Q1 25 | $74.2M | $206.0M | ||
| Q4 24 | $72.4M | $274.0M | ||
| Q3 24 | $-104.0M | $206.0M | ||
| Q2 24 | $116.0M | $158.0M | ||
| Q1 24 | $46.7M | $185.0M |
毛利率FAFGAP
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 42.6% | ||
| Q2 24 | — | 41.2% | ||
| Q1 24 | — | 38.9% |
营业利润率FAFGAP
| Q4 25 | 14.0% | 8.5% | ||
| Q3 25 | 12.5% | 7.8% | ||
| Q2 25 | 10.6% | 7.5% | ||
| Q1 25 | 6.1% | 6.2% | ||
| Q4 24 | 5.9% | 9.3% | ||
| Q3 24 | -10.3% | 7.9% | ||
| Q2 24 | 9.4% | 6.1% | ||
| Q1 24 | 4.1% | 5.0% |
净利率FAFGAP
| Q4 25 | 10.3% | 6.0% | ||
| Q3 25 | 9.6% | 5.8% | ||
| Q2 25 | 7.9% | 5.6% | ||
| Q1 25 | 4.7% | 5.0% | ||
| Q4 24 | 4.3% | 7.2% | ||
| Q3 24 | -7.4% | 5.5% | ||
| Q2 24 | 7.2% | 4.7% | ||
| Q1 24 | 3.3% | 4.3% |
每股收益（稀释后）FAFGAP
| Q4 25 | $2.04 | $0.62 | ||
| Q3 25 | $1.84 | $0.57 | ||
| Q2 25 | $1.41 | $0.51 | ||
| Q1 25 | $0.71 | $0.53 | ||
| Q4 24 | $0.70 | $0.72 | ||
| Q3 24 | $-1.00 | $0.54 | ||
| Q2 24 | $1.11 | $0.41 | ||
| Q1 24 | $0.45 | $0.49 |
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 | $1.4B | $2.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $3.6B |
| 总资产 | $16.2B | $12.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FAFGAP
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.0B | $1.7B | ||
| Q1 24 | $1.5B | $1.9B |
股东权益FAFGAP
| Q4 25 | $5.5B | $3.6B | ||
| Q3 25 | $5.3B | $3.4B | ||
| Q2 25 | $5.1B | $3.3B | ||
| Q1 25 | $5.0B | $3.3B | ||
| Q4 24 | $4.9B | $3.1B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $4.8B | $2.7B | ||
| Q1 24 | $4.8B | $2.6B |
总资产FAFGAP
| Q4 25 | $16.2B | $12.4B | ||
| Q3 25 | $17.6B | $12.1B | ||
| Q2 25 | $16.3B | $11.6B | ||
| Q1 25 | $15.5B | $11.9B | ||
| Q4 24 | $14.9B | $11.9B | ||
| Q3 24 | $16.6B | $11.5B | ||
| Q2 24 | $15.2B | $10.9B | ||
| Q1 24 | $14.7B | $11.0B |
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 | $369.3M | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $324.5M | $153.0M |
| 自由现金流率自由现金流/营收 | 15.8% | 3.9% |
| 资本支出强度资本支出/营收 | 2.2% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.74× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $762.5M | $779.0M |
8季度趋势，按日历期对齐
经营现金流FAFGAP
| Q4 25 | $369.3M | $299.0M | ||
| Q3 25 | $272.5M | $448.0M | ||
| Q2 25 | $361.8M | $-140.0M | ||
| Q1 25 | $-52.8M | $616.0M | ||
| Q4 24 | $324.6M | $291.0M | ||
| Q3 24 | $236.9M | $549.0M | ||
| Q2 24 | $266.7M | $30.0M | ||
| Q1 24 | $69.3M | $700.0M |
自由现金流FAFGAP
| Q4 25 | $324.5M | $153.0M | ||
| Q3 25 | $223.1M | $350.0M | ||
| Q2 25 | $309.4M | $-223.0M | ||
| Q1 25 | $-94.5M | $499.0M | ||
| Q4 24 | $266.2M | $143.0M | ||
| Q3 24 | $185.4M | $460.0M | ||
| Q2 24 | $210.0M | $-63.0M | ||
| Q1 24 | $17.6M | $568.0M |
自由现金流率FAFGAP
| Q4 25 | 15.8% | 3.9% | ||
| Q3 25 | 11.3% | 9.4% | ||
| Q2 25 | 16.8% | -6.4% | ||
| Q1 25 | -6.0% | 12.0% | ||
| Q4 24 | 15.8% | 3.7% | ||
| Q3 24 | 13.2% | 12.4% | ||
| Q2 24 | 13.0% | -1.9% | ||
| Q1 24 | 1.2% | 13.2% |
资本支出强度FAFGAP
| Q4 25 | 2.2% | 3.7% | ||
| Q3 25 | 2.5% | 2.6% | ||
| Q2 25 | 2.8% | 2.4% | ||
| Q1 25 | 2.6% | 2.8% | ||
| Q4 24 | 3.5% | 3.9% | ||
| Q3 24 | 3.7% | 2.4% | ||
| Q2 24 | 3.5% | 2.7% | ||
| Q1 24 | 3.6% | 3.1% |
现金转化率FAFGAP
| Q4 25 | 1.74× | 1.27× | ||
| Q3 25 | 1.44× | 2.07× | ||
| Q2 25 | 2.48× | -0.73× | ||
| Q1 25 | -0.71× | 2.99× | ||
| Q4 24 | 4.48× | 1.06× | ||
| Q3 24 | — | 2.67× | ||
| Q2 24 | 2.30× | 0.19× | ||
| Q1 24 | 1.48× | 3.78× |
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
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
