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FIVE BELOW, INC（FIVE）与KeyCorp（KEY）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是FIVE BELOW, INC的1.9倍（$2.0B vs $1.0B），KeyCorp净利率更高（25.4% vs 3.5%，领先21.9%），KeyCorp同比增速更快（131.8% vs 23.1%），KeyCorp自由现金流更多（$2.1B vs $-133.2M），过去两年KeyCorp的营收复合增速更高（14.4% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
FIVE vs KEY — 直观对比
营收规模更大
KEY
是对方的1.9倍
$1.0B
营收增速更快
KEY
高出108.7%
23.1%
净利率更高
KEY
高出21.9%
3.5%
自由现金流更多
KEY
多$2.2B
$-133.2M
两年增速更快
KEY
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.0B |
| 净利润 | $36.5M | $510.0M |
| 毛利率 | 33.8% | — |
| 营业利润率 | 4.2% | 32.3% |
| 净利率 | 3.5% | 25.4% |
| 营收同比 | 23.1% | 131.8% |
| 净利润同比 | 2063.9% | 309.0% |
| 每股收益（稀释后） | $0.66 | $0.43 |
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FIVEKEY
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $970.5M | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $843.7M | $865.0M | ||
| Q3 24 | $830.1M | $695.0M | ||
| Q2 24 | $811.9M | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润FIVEKEY
| Q4 25 | $36.5M | $510.0M | ||
| Q3 25 | $42.8M | $489.0M | ||
| Q2 25 | $41.1M | $425.0M | ||
| Q1 25 | $187.5M | $405.0M | ||
| Q4 24 | $1.7M | $-244.0M | ||
| Q3 24 | $33.0M | $-410.0M | ||
| Q2 24 | $31.5M | $274.0M | ||
| Q1 24 | $202.2M | $219.0M |
毛利率FIVEKEY
| Q4 25 | 33.8% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 41.2% | — |
营业利润率FIVEKEY
| Q4 25 | 4.2% | 32.3% | ||
| Q3 25 | 5.1% | 31.8% | ||
| Q2 25 | 5.2% | 29.3% | ||
| Q1 25 | 17.7% | 29.0% | ||
| Q4 24 | -0.1% | -92.6% | ||
| Q3 24 | 5.0% | -72.8% | ||
| Q2 24 | 4.5% | 22.0% | ||
| Q1 24 | 20.1% | 18.1% |
净利率FIVEKEY
| Q4 25 | 3.5% | 25.4% | ||
| Q3 25 | 4.2% | 25.8% | ||
| Q2 25 | 4.2% | 23.1% | ||
| Q1 25 | 13.5% | 22.8% | ||
| Q4 24 | 0.2% | -54.7% | ||
| Q3 24 | 4.0% | -59.0% | ||
| Q2 24 | 3.9% | 18.0% | ||
| Q1 24 | 15.1% | 14.3% |
每股收益（稀释后）FIVEKEY
| Q4 25 | $0.66 | $0.43 | ||
| Q3 25 | $0.77 | $0.41 | ||
| Q2 25 | $0.75 | $0.35 | ||
| Q1 25 | $3.40 | $0.33 | ||
| Q4 24 | $0.03 | $-0.30 | ||
| Q3 24 | $0.60 | $-0.47 | ||
| Q2 24 | $0.57 | $0.25 | ||
| Q1 24 | $3.64 | $0.20 |
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 | $524.5M | $10.2B |
| 总债务越低越好 | — | $9.9B |
| 股东权益账面价值 | $2.0B | $20.4B |
| 总资产 | $4.8B | $184.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资FIVEKEY
| Q4 25 | $524.5M | $10.2B | ||
| Q3 25 | $670.2M | $13.3B | ||
| Q2 25 | $624.0M | $11.6B | ||
| Q1 25 | $528.8M | $15.3B | ||
| Q4 24 | $216.6M | $17.5B | ||
| Q3 24 | $327.7M | $22.8B | ||
| Q2 24 | $369.6M | $15.5B | ||
| Q1 24 | $460.1M | $13.2B |
总债务FIVEKEY
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $20.8B |
股东权益FIVEKEY
| Q4 25 | $2.0B | $20.4B | ||
| Q3 25 | $1.9B | $20.1B | ||
| Q2 25 | $1.9B | $19.5B | ||
| Q1 25 | $1.8B | $19.0B | ||
| Q4 24 | $1.6B | $18.2B | ||
| Q3 24 | $1.6B | $16.9B | ||
| Q2 24 | $1.6B | $14.8B | ||
| Q1 24 | $1.6B | $14.5B |
总资产FIVEKEY
| Q4 25 | $4.8B | $184.4B | ||
| Q3 25 | $4.6B | $187.4B | ||
| Q2 25 | $4.5B | $185.5B | ||
| Q1 25 | $4.3B | $188.7B | ||
| Q4 24 | $4.2B | $187.2B | ||
| Q3 24 | $4.0B | $189.8B | ||
| Q2 24 | $3.9B | $187.4B | ||
| Q1 24 | $3.9B | $187.5B |
负债/权益比FIVEKEY
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
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 | $-80.1M | $2.2B |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | $2.1B |
| 自由现金流率自由现金流/营收 | -12.8% | 104.8% |
| 资本支出强度资本支出/营收 | 5.1% | 5.3% |
| 现金转化率经营现金流/净利润 | -2.19× | 4.33× |
| 过去12个月自由现金流最近4个季度 | $323.0M | $3.5B |
8季度趋势，按日历期对齐
经营现金流FIVEKEY
| Q4 25 | $-80.1M | $2.2B | ||
| Q3 25 | $93.0M | $396.0M | ||
| Q2 25 | $132.7M | $1.2B | ||
| Q1 25 | $363.5M | $-140.0M | ||
| Q4 24 | $-30.6M | $664.0M | ||
| Q3 24 | $71.3M | $-1.2B | ||
| Q2 24 | $26.4M | $-217.0M | ||
| Q1 24 | $407.7M | $359.0M |
自由现金流FIVEKEY
| Q4 25 | $-133.2M | $2.1B | ||
| Q3 25 | $48.3M | $367.0M | ||
| Q2 25 | $96.5M | $1.2B | ||
| Q1 25 | $311.4M | $-150.0M | ||
| Q4 24 | $-111.0M | $599.0M | ||
| Q3 24 | $-32.4M | $-1.2B | ||
| Q2 24 | $-61.4M | $-230.0M | ||
| Q1 24 | $304.6M | $347.0M |
自由现金流率FIVEKEY
| Q4 25 | -12.8% | 104.8% | ||
| Q3 25 | 4.7% | 19.4% | ||
| Q2 25 | 9.9% | 65.8% | ||
| Q1 25 | 22.4% | -8.5% | ||
| Q4 24 | -13.2% | 69.2% | ||
| Q3 24 | -3.9% | -175.8% | ||
| Q2 24 | -7.6% | -15.1% | ||
| Q1 24 | 22.8% | 22.6% |
资本支出强度FIVEKEY
| Q4 25 | 5.1% | 5.3% | ||
| Q3 25 | 4.4% | 1.5% | ||
| Q2 25 | 3.7% | 1.3% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 9.5% | 7.5% | ||
| Q3 24 | 12.5% | 2.4% | ||
| Q2 24 | 10.8% | 0.9% | ||
| Q1 24 | 7.7% | 0.8% |
现金转化率FIVEKEY
| Q4 25 | -2.19× | 4.33× | ||
| Q3 25 | 2.17× | 0.81× | ||
| Q2 25 | 3.22× | 2.90× | ||
| Q1 25 | 1.94× | -0.35× | ||
| Q4 24 | -18.13× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 0.84× | -0.79× | ||
| Q1 24 | 2.02× | 1.64× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
