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盖璞（GAP）与J.B. Hunt（JBHT）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J.B. Hunt的1.3倍（$3.9B vs $3.1B），盖璞净利率更高（6.0% vs 5.8%，领先0.1%），盖璞同比增速更快（3.0% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M vs $153.0M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -4.2%）
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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
GAP vs JBHT — 直观对比
营收规模更大
GAP
是对方的1.3倍
$3.1B
营收增速更快
GAP
高出4.5%
-1.6%
净利率更高
GAP
高出0.1%
5.8%
自由现金流更多
JBHT
多$98.3M
$153.0M
两年增速更快
JBHT
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.1B |
| 净利润 | $236.0M | $181.1M |
| 毛利率 | 42.4% | — |
| 营业利润率 | 8.5% | 8.0% |
| 净利率 | 6.0% | 5.8% |
| 营收同比 | 3.0% | -1.6% |
| 净利润同比 | -13.9% | 16.5% |
| 每股收益（稀释后） | $0.62 | $1.88 |
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GAPJBHT
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.5B | $2.9B | ||
| Q1 25 | $4.1B | $2.9B | ||
| Q4 24 | $3.8B | $3.1B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $4.3B | $2.9B |
净利润GAPJBHT
| Q4 25 | $236.0M | $181.1M | ||
| Q3 25 | $216.0M | $170.8M | ||
| Q2 25 | $193.0M | $128.6M | ||
| Q1 25 | $206.0M | $117.7M | ||
| Q4 24 | $274.0M | $155.5M | ||
| Q3 24 | $206.0M | $152.1M | ||
| Q2 24 | $158.0M | $135.9M | ||
| Q1 24 | $185.0M | $127.5M |
毛利率GAPJBHT
| 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GAPJBHT
| Q4 25 | 8.5% | 8.0% | ||
| Q3 25 | 7.8% | 7.9% | ||
| Q2 25 | 7.5% | 6.7% | ||
| Q1 25 | 6.2% | 6.1% | ||
| Q4 24 | 9.3% | 6.6% | ||
| Q3 24 | 7.9% | 7.3% | ||
| Q2 24 | 6.1% | 7.0% | ||
| Q1 24 | 5.0% | 6.6% |
净利率GAPJBHT
| Q4 25 | 6.0% | 5.8% | ||
| Q3 25 | 5.8% | 5.6% | ||
| Q2 25 | 5.6% | 4.4% | ||
| Q1 25 | 5.0% | 4.0% | ||
| Q4 24 | 7.2% | 4.9% | ||
| Q3 24 | 5.5% | 5.0% | ||
| Q2 24 | 4.7% | 4.6% | ||
| Q1 24 | 4.3% | 4.3% |
每股收益（稀释后）GAPJBHT
| Q4 25 | $0.62 | $1.88 | ||
| Q3 25 | $0.57 | $1.76 | ||
| Q2 25 | $0.51 | $1.31 | ||
| Q1 25 | $0.53 | $1.17 | ||
| Q4 24 | $0.72 | $1.53 | ||
| Q3 24 | $0.54 | $1.49 | ||
| Q2 24 | $0.41 | $1.32 | ||
| Q1 24 | $0.49 | $1.22 |
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 | $2.5B | $17.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $3.6B |
| 总资产 | $12.4B | $7.9B |
| 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GAPJBHT
| Q4 25 | $2.5B | $17.3M | ||
| Q3 25 | $2.4B | $52.3M | ||
| Q2 25 | $2.2B | $50.9M | ||
| Q1 25 | $2.6B | $43.4M | ||
| Q4 24 | $2.2B | $47.0M | ||
| Q3 24 | $2.1B | $120.0M | ||
| Q2 24 | $1.7B | $53.5M | ||
| Q1 24 | $1.9B | $64.2M |
总债务GAPJBHT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $977.7M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
股东权益GAPJBHT
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.4B | $3.6B | ||
| Q2 25 | $3.3B | $3.7B | ||
| Q1 25 | $3.3B | $3.9B | ||
| Q4 24 | $3.1B | $4.0B | ||
| Q3 24 | $2.9B | $4.0B | ||
| Q2 24 | $2.7B | $4.1B | ||
| Q1 24 | $2.6B | $4.2B |
总资产GAPJBHT
| Q4 25 | $12.4B | $7.9B | ||
| Q3 25 | $12.1B | $8.1B | ||
| Q2 25 | $11.6B | $8.2B | ||
| Q1 25 | $11.9B | $8.3B | ||
| Q4 24 | $11.9B | $8.3B | ||
| Q3 24 | $11.5B | $8.3B | ||
| Q2 24 | $10.9B | $8.4B | ||
| Q1 24 | $11.0B | $8.4B |
负债/权益比GAPJBHT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.33× |
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 | $299.0M | $385.6M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $251.3M |
| 自由现金流率自由现金流/营收 | 3.9% | 8.1% |
| 资本支出强度资本支出/营收 | 3.7% | 4.3% |
| 现金转化率经营现金流/净利润 | 1.27× | 2.13× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $947.6M |
8季度趋势，按日历期对齐
经营现金流GAPJBHT
| Q4 25 | $299.0M | $385.6M | ||
| Q3 25 | $448.0M | $486.4M | ||
| Q2 25 | $-140.0M | $402.1M | ||
| Q1 25 | $616.0M | $404.2M | ||
| Q4 24 | $291.0M | $317.6M | ||
| Q3 24 | $549.0M | $338.5M | ||
| Q2 24 | $30.0M | $360.6M | ||
| Q1 24 | $700.0M | $466.5M |
自由现金流GAPJBHT
| Q4 25 | $153.0M | $251.3M | ||
| Q3 25 | $350.0M | $352.4M | ||
| Q2 25 | $-223.0M | $185.6M | ||
| Q1 25 | $499.0M | $158.4M | ||
| Q4 24 | $143.0M | $93.3M | ||
| Q3 24 | $460.0M | $163.1M | ||
| Q2 24 | $-63.0M | $98.2M | ||
| Q1 24 | $568.0M | $263.1M |
自由现金流率GAPJBHT
| Q4 25 | 3.9% | 8.1% | ||
| Q3 25 | 9.4% | 11.5% | ||
| Q2 25 | -6.4% | 6.3% | ||
| Q1 25 | 12.0% | 5.4% | ||
| Q4 24 | 3.7% | 3.0% | ||
| Q3 24 | 12.4% | 5.3% | ||
| Q2 24 | -1.9% | 3.4% | ||
| Q1 24 | 13.2% | 8.9% |
资本支出强度GAPJBHT
| Q4 25 | 3.7% | 4.3% | ||
| Q3 25 | 2.6% | 4.4% | ||
| Q2 25 | 2.4% | 7.4% | ||
| Q1 25 | 2.8% | 8.4% | ||
| Q4 24 | 3.9% | 7.1% | ||
| Q3 24 | 2.4% | 5.7% | ||
| Q2 24 | 2.7% | 9.0% | ||
| Q1 24 | 3.1% | 6.9% |
现金转化率GAPJBHT
| Q4 25 | 1.27× | 2.13× | ||
| Q3 25 | 2.07× | 2.85× | ||
| Q2 25 | -0.73× | 3.13× | ||
| Q1 25 | 2.99× | 3.43× | ||
| Q4 24 | 1.06× | 2.04× | ||
| Q3 24 | 2.67× | 2.23× | ||
| Q2 24 | 0.19× | 2.65× | ||
| Q1 24 | 3.78× | 3.66× |
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
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
