vs
FIVE BELOW, INC（FIVE）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是FIVE BELOW, INC的1.3倍（$1.4B vs $1.0B），FIVE BELOW, INC净利率更高（3.5% vs 3.1%，领先0.4%），FIVE BELOW, INC同比增速更快（23.1% vs 2.6%），希悦尔自由现金流更多（$257.7M vs $-133.2M），过去两年希悦尔的营收复合增速更高（2.7% 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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
FIVE vs SEE — 直观对比
营收规模更大
SEE
是对方的1.3倍
$1.0B
营收增速更快
FIVE
高出20.4%
2.6%
净利率更高
FIVE
高出0.4%
3.1%
自由现金流更多
SEE
多$390.9M
$-133.2M
两年增速更快
SEE
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $36.5M | $43.8M |
| 毛利率 | 33.8% | 28.6% |
| 营业利润率 | 4.2% | 11.4% |
| 净利率 | 3.5% | 3.1% |
| 营收同比 | 23.1% | 2.6% |
| 净利润同比 | 2063.9% | 700.0% |
| 每股收益（稀释后） | $0.66 | $0.30 |
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FIVESEE
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $970.5M | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $843.7M | $1.4B | ||
| Q3 24 | $830.1M | $1.3B | ||
| Q2 24 | $811.9M | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
净利润FIVESEE
| Q4 25 | $36.5M | $43.8M | ||
| Q3 25 | $42.8M | $255.1M | ||
| Q2 25 | $41.1M | $93.1M | ||
| Q1 25 | $187.5M | $113.5M | ||
| Q4 24 | $1.7M | $-7.3M | ||
| Q3 24 | $33.0M | $91.7M | ||
| Q2 24 | $31.5M | $98.3M | ||
| Q1 24 | $202.2M | $82.0M |
毛利率FIVESEE
| Q4 25 | 33.8% | 28.6% | ||
| Q3 25 | 33.3% | 29.8% | ||
| Q2 25 | 33.4% | 30.7% | ||
| Q1 25 | 40.2% | 30.9% | ||
| Q4 24 | 30.6% | 30.0% | ||
| Q3 24 | 32.7% | 30.1% | ||
| Q2 24 | 32.5% | 31.2% | ||
| Q1 24 | 41.2% | 30.3% |
营业利润率FIVESEE
| Q4 25 | 4.2% | 11.4% | ||
| Q3 25 | 5.1% | 13.8% | ||
| Q2 25 | 5.2% | 15.0% | ||
| Q1 25 | 17.7% | 14.5% | ||
| Q4 24 | -0.1% | 11.7% | ||
| Q3 24 | 5.0% | 13.9% | ||
| Q2 24 | 4.5% | 15.4% | ||
| Q1 24 | 20.1% | 14.0% |
净利率FIVESEE
| Q4 25 | 3.5% | 3.1% | ||
| Q3 25 | 4.2% | 19.0% | ||
| Q2 25 | 4.2% | 7.0% | ||
| Q1 25 | 13.5% | 9.0% | ||
| Q4 24 | 0.2% | -0.5% | ||
| Q3 24 | 4.0% | 6.9% | ||
| Q2 24 | 3.9% | 7.4% | ||
| Q1 24 | 15.1% | 6.2% |
每股收益（稀释后）FIVESEE
| Q4 25 | $0.66 | $0.30 | ||
| Q3 25 | $0.77 | $1.73 | ||
| Q2 25 | $0.75 | $0.63 | ||
| Q1 25 | $3.40 | $0.77 | ||
| Q4 24 | $0.03 | $-0.05 | ||
| Q3 24 | $0.60 | $0.63 | ||
| Q2 24 | $0.57 | $0.67 | ||
| Q1 24 | $3.64 | $0.56 |
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 | $344.0M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $2.0B | $1.2B |
| 总资产 | $4.8B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资FIVESEE
| Q4 25 | $524.5M | $344.0M | ||
| Q3 25 | $670.2M | $282.5M | ||
| Q2 25 | $624.0M | $354.4M | ||
| Q1 25 | $528.8M | $335.2M | ||
| Q4 24 | $216.6M | $371.8M | ||
| Q3 24 | $327.7M | $386.0M | ||
| Q2 24 | $369.6M | $388.6M | ||
| Q1 24 | $460.1M | $352.8M |
总债务FIVESEE
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
股东权益FIVESEE
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $953.1M | ||
| Q1 25 | $1.8B | $797.9M | ||
| Q4 24 | $1.6B | $624.5M | ||
| Q3 24 | $1.6B | $771.2M | ||
| Q2 24 | $1.6B | $650.1M | ||
| Q1 24 | $1.6B | $598.3M |
总资产FIVESEE
| Q4 25 | $4.8B | $7.0B | ||
| Q3 25 | $4.6B | $7.1B | ||
| Q2 25 | $4.5B | $7.2B | ||
| Q1 25 | $4.3B | $7.0B | ||
| Q4 24 | $4.2B | $7.0B | ||
| Q3 24 | $4.0B | $7.3B | ||
| Q2 24 | $3.9B | $7.3B | ||
| Q1 24 | $3.9B | $7.2B |
负债/权益比FIVESEE
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | $257.7M |
| 自由现金流率自由现金流/营收 | -12.8% | 18.5% |
| 资本支出强度资本支出/营收 | 5.1% | 2.6% |
| 现金转化率经营现金流/净利润 | -2.19× | 6.70× |
| 过去12个月自由现金流最近4个季度 | $323.0M | $458.5M |
8季度趋势，按日历期对齐
经营现金流FIVESEE
| Q4 25 | $-80.1M | $293.6M | ||
| Q3 25 | $93.0M | $165.9M | ||
| Q2 25 | $132.7M | $136.6M | ||
| Q1 25 | $363.5M | $31.9M | ||
| Q4 24 | $-30.6M | $244.2M | ||
| Q3 24 | $71.3M | $170.5M | ||
| Q2 24 | $26.4M | $188.2M | ||
| Q1 24 | $407.7M | $125.1M |
自由现金流FIVESEE
| Q4 25 | $-133.2M | $257.7M | ||
| Q3 25 | $48.3M | $119.6M | ||
| Q2 25 | $96.5M | $93.2M | ||
| Q1 25 | $311.4M | $-12.0M | ||
| Q4 24 | $-111.0M | $185.1M | ||
| Q3 24 | $-32.4M | $115.2M | ||
| Q2 24 | $-61.4M | $129.5M | ||
| Q1 24 | $304.6M | $78.0M |
自由现金流率FIVESEE
| Q4 25 | -12.8% | 18.5% | ||
| Q3 25 | 4.7% | 8.9% | ||
| Q2 25 | 9.9% | 7.0% | ||
| Q1 25 | 22.4% | -0.9% | ||
| Q4 24 | -13.2% | 13.6% | ||
| Q3 24 | -3.9% | 8.6% | ||
| Q2 24 | -7.6% | 9.7% | ||
| Q1 24 | 22.8% | 5.9% |
资本支出强度FIVESEE
| Q4 25 | 5.1% | 2.6% | ||
| Q3 25 | 4.4% | 3.4% | ||
| Q2 25 | 3.7% | 3.3% | ||
| Q1 25 | 3.7% | 3.5% | ||
| Q4 24 | 9.5% | 4.4% | ||
| Q3 24 | 12.5% | 4.1% | ||
| Q2 24 | 10.8% | 4.4% | ||
| Q1 24 | 7.7% | 3.6% |
现金转化率FIVESEE
| Q4 25 | -2.19× | 6.70× | ||
| Q3 25 | 2.17× | 0.65× | ||
| Q2 25 | 3.22× | 1.47× | ||
| Q1 25 | 1.94× | 0.28× | ||
| Q4 24 | -18.13× | — | ||
| Q3 24 | 2.16× | 1.86× | ||
| Q2 24 | 0.84× | 1.91× | ||
| Q1 24 | 2.02× | 1.53× |
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
FIVE
暂无分部数据
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
