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COMFORT SYSTEMS USA INC（FIX）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是泰佩思琦的1.1倍（$2.6B vs $2.5B），泰佩思琦净利率更高（22.4% vs 12.5%，领先9.9%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $402.4M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 29.9%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
FIX vs TPR — 直观对比
营收规模更大
FIX
是对方的1.1倍
$2.5B
营收增速更快
FIX
高出27.7%
14.0%
净利率更高
TPR
高出9.9%
12.5%
自由现金流更多
TPR
多$635.0M
$402.4M
两年增速更快
FIX
近两年复合增速
29.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.5B |
| 净利润 | $330.8M | $561.3M |
| 毛利率 | 25.5% | 75.5% |
| 营业利润率 | 16.1% | 28.6% |
| 净利率 | 12.5% | 22.4% |
| 营收同比 | 41.7% | 14.0% |
| 净利润同比 | 126.8% | 80.8% |
| 每股收益（稀释后） | $9.35 | $2.68 |
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FIXTPR
| Q4 25 | $2.6B | $2.5B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.9B | $2.2B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润FIXTPR
| Q4 25 | $330.8M | $561.3M | ||
| Q3 25 | $291.6M | $274.8M | ||
| Q2 25 | $230.8M | $-517.1M | ||
| Q1 25 | $169.3M | $203.3M | ||
| Q4 24 | $145.9M | $310.4M | ||
| Q3 24 | $146.2M | $186.6M | ||
| Q2 24 | $134.0M | $159.3M | ||
| Q1 24 | $96.3M | $139.4M |
毛利率FIXTPR
| Q4 25 | 25.5% | 75.5% | ||
| Q3 25 | 24.8% | 76.3% | ||
| Q2 25 | 23.5% | 76.3% | ||
| Q1 25 | 22.0% | 76.1% | ||
| Q4 24 | 23.2% | 74.4% | ||
| Q3 24 | 21.1% | 75.3% | ||
| Q2 24 | 20.1% | 74.9% | ||
| Q1 24 | 19.3% | 74.7% |
营业利润率FIXTPR
| Q4 25 | 16.1% | 28.6% | ||
| Q3 25 | 15.5% | 19.3% | ||
| Q2 25 | 13.8% | -33.9% | ||
| Q1 25 | 11.4% | 16.0% | ||
| Q4 24 | 12.1% | 22.4% | ||
| Q3 24 | 11.2% | 16.7% | ||
| Q2 24 | 10.2% | 14.8% | ||
| Q1 24 | 8.8% | 13.8% |
净利率FIXTPR
| Q4 25 | 12.5% | 22.4% | ||
| Q3 25 | 11.9% | 16.1% | ||
| Q2 25 | 10.6% | -30.0% | ||
| Q1 25 | 9.2% | 12.8% | ||
| Q4 24 | 7.8% | 14.1% | ||
| Q3 24 | 8.1% | 12.4% | ||
| Q2 24 | 7.4% | 10.0% | ||
| Q1 24 | 6.3% | 9.4% |
每股收益（稀释后）FIXTPR
| Q4 25 | $9.35 | $2.68 | ||
| Q3 25 | $8.25 | $1.28 | ||
| Q2 25 | $6.53 | $-2.30 | ||
| Q1 25 | $4.75 | $0.95 | ||
| Q4 24 | $4.08 | $1.38 | ||
| Q3 24 | $4.09 | $0.79 | ||
| Q2 24 | $3.74 | $0.67 | ||
| Q1 24 | $2.69 | $0.60 |
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 | $981.9M | $1.1B |
| 总债务越低越好 | $145.2M | $2.4B |
| 股东权益账面价值 | $2.4B | $551.2M |
| 总资产 | $6.4B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.06× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资FIXTPR
| Q4 25 | $981.9M | $1.1B | ||
| Q3 25 | $860.5M | $743.2M | ||
| Q2 25 | $331.7M | $1.1B | ||
| Q1 25 | $204.8M | $1.1B | ||
| Q4 24 | $549.9M | $1.0B | ||
| Q3 24 | $415.6M | $7.3B | ||
| Q2 24 | $199.4M | $7.2B | ||
| Q1 24 | $100.8M | $7.4B |
总债务FIXTPR
| Q4 25 | $145.2M | $2.4B | ||
| Q3 25 | $136.0M | $2.4B | ||
| Q2 25 | $73.0M | $2.4B | ||
| Q1 25 | $67.8M | $2.4B | ||
| Q4 24 | $68.3M | $2.4B | ||
| Q3 24 | $62.3M | $7.0B | ||
| Q2 24 | $73.4M | $6.9B | ||
| Q1 24 | $77.0M | $7.7B |
股东权益FIXTPR
| Q4 25 | $2.4B | $551.2M | ||
| Q3 25 | $2.2B | $399.5M | ||
| Q2 25 | $2.0B | $857.8M | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.5B | $2.9B | ||
| Q1 24 | $1.4B | $2.8B |
总资产FIXTPR
| Q4 25 | $6.4B | $6.5B | ||
| Q3 25 | $5.8B | $6.4B | ||
| Q2 25 | $5.1B | $6.6B | ||
| Q1 25 | $4.6B | $7.3B | ||
| Q4 24 | $4.7B | $7.3B | ||
| Q3 24 | $4.4B | $13.7B | ||
| Q2 24 | $4.2B | $13.4B | ||
| Q1 24 | $3.9B | $13.7B |
负债/权益比FIXTPR
| Q4 25 | 0.06× | 4.32× | ||
| Q3 25 | 0.06× | 5.95× | ||
| Q2 25 | 0.04× | 2.77× | ||
| Q1 25 | 0.04× | 1.59× | ||
| Q4 24 | 0.04× | 1.78× | ||
| Q3 24 | 0.04× | 2.35× | ||
| Q2 24 | 0.05× | 2.39× | ||
| Q1 24 | 0.06× | 2.77× |
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 | $468.5M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $1.0B |
| 自由现金流率自由现金流/营收 | 15.2% | 41.5% |
| 资本支出强度资本支出/营收 | 2.5% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.6B |
8季度趋势，按日历期对齐
经营现金流FIXTPR
| Q4 25 | $468.5M | $1.1B | ||
| Q3 25 | $553.3M | $112.6M | ||
| Q2 25 | $252.5M | $446.8M | ||
| Q1 25 | $-88.0M | $144.3M | ||
| Q4 24 | $210.5M | $506.0M | ||
| Q3 24 | $302.2M | $119.5M | ||
| Q2 24 | $189.9M | $256.0M | ||
| Q1 24 | $146.6M | $97.8M |
自由现金流FIXTPR
| Q4 25 | $402.4M | $1.0B | ||
| Q3 25 | $517.9M | $80.2M | ||
| Q2 25 | $221.2M | $411.5M | ||
| Q1 25 | $-110.2M | $113.4M | ||
| Q4 24 | $169.8M | $475.1M | ||
| Q3 24 | $280.1M | $93.9M | ||
| Q2 24 | $166.5M | $209.8M | ||
| Q1 24 | $121.6M | $78.8M |
自由现金流率FIXTPR
| Q4 25 | 15.2% | 41.5% | ||
| Q3 25 | 21.1% | 4.7% | ||
| Q2 25 | 10.2% | 23.9% | ||
| Q1 25 | -6.0% | 7.2% | ||
| Q4 24 | 9.1% | 21.6% | ||
| Q3 24 | 15.5% | 6.2% | ||
| Q2 24 | 9.2% | 13.2% | ||
| Q1 24 | 7.9% | 5.3% |
资本支出强度FIXTPR
| Q4 25 | 2.5% | 1.7% | ||
| Q3 25 | 1.4% | 1.9% | ||
| Q2 25 | 1.4% | 2.0% | ||
| Q1 25 | 1.2% | 2.0% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 1.2% | 1.7% | ||
| Q2 24 | 1.3% | 2.9% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率FIXTPR
| Q4 25 | 1.42× | 1.93× | ||
| Q3 25 | 1.90× | 0.41× | ||
| Q2 25 | 1.09× | — | ||
| Q1 25 | -0.52× | 0.71× | ||
| Q4 24 | 1.44× | 1.63× | ||
| Q3 24 | 2.07× | 0.64× | ||
| Q2 24 | 1.42× | 1.61× | ||
| Q1 24 | 1.52× | 0.70× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
