vs
盖璞（GAP）与KOHLS Corp（KSS）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KOHLS Corp的1.1倍（$3.9B vs $3.6B），盖璞净利率更高（6.0% vs 0.2%，领先5.8%），盖璞同比增速更快（3.0% vs -3.6%），盖璞自由现金流更多（$153.0M vs $16.0M），过去两年盖璞的营收复合增速更高（-4.2% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
GAP vs KSS — 直观对比
营收规模更大
GAP
是对方的1.1倍
$3.6B
营收增速更快
GAP
高出6.6%
-3.6%
净利率更高
GAP
高出5.8%
0.2%
自由现金流更多
GAP
多$137.0M
$16.0M
两年增速更快
GAP
近两年复合增速
-22.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.6B |
| 净利润 | $236.0M | $8.0M |
| 毛利率 | 42.4% | 42.4% |
| 营业利润率 | 8.5% | 2.0% |
| 净利率 | 6.0% | 0.2% |
| 营收同比 | 3.0% | -3.6% |
| 净利润同比 | -13.9% | -63.6% |
| 每股收益（稀释后） | $0.62 | $0.07 |
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GAPKSS
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $3.7B | $3.5B | ||
| Q2 25 | $3.5B | $3.2B | ||
| Q1 25 | $4.1B | $5.4B | ||
| Q4 24 | $3.8B | $3.7B | ||
| Q3 24 | $3.7B | $3.7B | ||
| Q2 24 | $3.4B | $3.4B | ||
| Q1 24 | $4.3B | $6.0B |
净利润GAPKSS
| Q4 25 | $236.0M | $8.0M | ||
| Q3 25 | $216.0M | $153.0M | ||
| Q2 25 | $193.0M | $-15.0M | ||
| Q1 25 | $206.0M | $48.0M | ||
| Q4 24 | $274.0M | $22.0M | ||
| Q3 24 | $206.0M | $66.0M | ||
| Q2 24 | $158.0M | $-27.0M | ||
| Q1 24 | $185.0M | $186.0M |
毛利率GAPKSS
| Q4 25 | 42.4% | 42.4% | ||
| Q3 25 | 41.2% | 43.3% | ||
| Q2 25 | 41.8% | 43.3% | ||
| Q1 25 | 38.9% | 35.6% | ||
| Q4 24 | 42.7% | 42.4% | ||
| Q3 24 | 42.6% | 43.0% | ||
| Q2 24 | 41.2% | 43.1% | ||
| Q1 24 | 38.9% | 35.2% |
营业利润率GAPKSS
| Q4 25 | 8.5% | 2.0% | ||
| Q3 25 | 7.8% | 7.9% | ||
| Q2 25 | 7.5% | 1.9% | ||
| Q1 25 | 6.2% | 2.3% | ||
| Q4 24 | 9.3% | 2.6% | ||
| Q3 24 | 7.9% | 4.4% | ||
| Q2 24 | 6.1% | 1.3% | ||
| Q1 24 | 5.0% | 5.0% |
净利率GAPKSS
| Q4 25 | 6.0% | 0.2% | ||
| Q3 25 | 5.8% | 4.3% | ||
| Q2 25 | 5.6% | -0.5% | ||
| Q1 25 | 5.0% | 0.9% | ||
| Q4 24 | 7.2% | 0.6% | ||
| Q3 24 | 5.5% | 1.8% | ||
| Q2 24 | 4.7% | -0.8% | ||
| Q1 24 | 4.3% | 3.1% |
每股收益（稀释后）GAPKSS
| Q4 25 | $0.62 | $0.07 | ||
| Q3 25 | $0.57 | $1.35 | ||
| Q2 25 | $0.51 | $-0.13 | ||
| Q1 25 | $0.53 | $0.43 | ||
| Q4 24 | $0.72 | $0.20 | ||
| Q3 24 | $0.54 | $0.59 | ||
| Q2 24 | $0.41 | $-0.24 | ||
| Q1 24 | $0.49 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $3.9B |
| 总资产 | $12.4B | $14.1B |
| 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GAPKSS
| Q4 25 | $2.5B | $144.0M | ||
| Q3 25 | $2.4B | $174.0M | ||
| Q2 25 | $2.2B | $153.0M | ||
| Q1 25 | $2.6B | $134.0M | ||
| Q4 24 | $2.2B | $174.0M | ||
| Q3 24 | $2.1B | $231.0M | ||
| Q2 24 | $1.7B | $228.0M | ||
| Q1 24 | $1.9B | $183.0M |
股东权益GAPKSS
| Q4 25 | $3.6B | $3.9B | ||
| Q3 25 | $3.4B | $3.9B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $2.9B | $3.8B | ||
| Q2 24 | $2.7B | $3.8B | ||
| Q1 24 | $2.6B | $3.9B |
总资产GAPKSS
| Q4 25 | $12.4B | $14.1B | ||
| Q3 25 | $12.1B | $13.4B | ||
| Q2 25 | $11.6B | $13.6B | ||
| Q1 25 | $11.9B | $13.6B | ||
| Q4 24 | $11.9B | $15.1B | ||
| Q3 24 | $11.5B | $14.2B | ||
| Q2 24 | $10.9B | $14.3B | ||
| Q1 24 | $11.0B | $14.0B |
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 | $299.0M | $124.0M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $16.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 0.4% |
| 资本支出强度资本支出/营收 | 3.7% | 3.0% |
| 现金转化率经营现金流/净利润 | 1.27× | 15.50× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $819.0M |
8季度趋势，按日历期对齐
经营现金流GAPKSS
| Q4 25 | $299.0M | $124.0M | ||
| Q3 25 | $448.0M | $598.0M | ||
| Q2 25 | $-140.0M | $-92.0M | ||
| Q1 25 | $616.0M | $596.0M | ||
| Q4 24 | $291.0M | $-195.0M | ||
| Q3 24 | $549.0M | $254.0M | ||
| Q2 24 | $30.0M | $-7.0M | ||
| Q1 24 | $700.0M | $789.0M |
自由现金流GAPKSS
| Q4 25 | $153.0M | $16.0M | ||
| Q3 25 | $350.0M | $508.0M | ||
| Q2 25 | $-223.0M | $-202.0M | ||
| Q1 25 | $499.0M | $497.0M | ||
| Q4 24 | $143.0M | $-323.0M | ||
| Q3 24 | $460.0M | $141.0M | ||
| Q2 24 | $-63.0M | $-133.0M | ||
| Q1 24 | $568.0M | $707.0M |
自由现金流率GAPKSS
| Q4 25 | 3.9% | 0.4% | ||
| Q3 25 | 9.4% | 14.3% | ||
| Q2 25 | -6.4% | -6.2% | ||
| Q1 25 | 12.0% | 9.2% | ||
| Q4 24 | 3.7% | -8.7% | ||
| Q3 24 | 12.4% | 3.8% | ||
| Q2 24 | -1.9% | -3.9% | ||
| Q1 24 | 13.2% | 11.9% |
资本支出强度GAPKSS
| Q4 25 | 3.7% | 3.0% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 2.4% | 3.4% | ||
| Q1 25 | 2.8% | 1.8% | ||
| Q4 24 | 3.9% | 3.5% | ||
| Q3 24 | 2.4% | 3.0% | ||
| Q2 24 | 2.7% | 3.7% | ||
| Q1 24 | 3.1% | 1.4% |
现金转化率GAPKSS
| Q4 25 | 1.27× | 15.50× | ||
| Q3 25 | 2.07× | 3.91× | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | 12.42× | ||
| Q4 24 | 1.06× | -8.86× | ||
| Q3 24 | 2.67× | 3.85× | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 3.78× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
