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盖璞（GAP）与LANDS' END, INC.（LE）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LANDS' END, INC.的12.4倍（$3.9B vs $317.5M）。盖璞净利率更高（6.0% vs 1.6%，领先4.4%）。盖璞同比增速更快（3.0% vs 0.1%）。盖璞自由现金流更多（$153.0M vs $-22.4M）。过去两年LANDS' END, INC.的营收复合增速更高（-1.1% 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。
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
GAP vs LE — 直观对比
营收规模更大
GAP
是对方的12.4倍
$317.5M
营收增速更快
GAP
高出2.9%
0.1%
净利率更高
GAP
高出4.4%
1.6%
自由现金流更多
GAP
多$175.4M
$-22.4M
两年增速更快
LE
近两年复合增速
-4.2%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $317.5M |
| 净利润 | $236.0M | $5.2M |
| 毛利率 | 42.4% | 51.8% |
| 营业利润率 | 8.5% | 5.3% |
| 净利率 | 6.0% | 1.6% |
| 营收同比 | 3.0% | 0.1% |
| 净利润同比 | -13.9% | 198.3% |
| 每股收益（稀释后） | $0.62 | $0.17 |
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GAPLE
| Q4 25 | $3.9B | $317.5M | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.5B | $261.2M | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $3.8B | $318.6M | ||
| Q3 24 | $3.7B | $317.2M | ||
| Q2 24 | $3.4B | $285.5M | ||
| Q1 24 | $4.3B | $514.9M |
净利润GAPLE
| Q4 25 | $236.0M | $5.2M | ||
| Q3 25 | $216.0M | — | ||
| Q2 25 | $193.0M | $-8.3M | ||
| Q1 25 | $206.0M | — | ||
| Q4 24 | $274.0M | $-593.0K | ||
| Q3 24 | $206.0M | $-5.3M | ||
| Q2 24 | $158.0M | $-6.4M | ||
| Q1 24 | $185.0M | $-8.6M |
毛利率GAPLE
| Q4 25 | 42.4% | 51.8% | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 41.8% | 50.8% | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 42.7% | 50.6% | ||
| Q3 24 | 42.6% | 47.9% | ||
| Q2 24 | 41.2% | 48.7% | ||
| Q1 24 | 38.9% | 38.0% |
营业利润率GAPLE
| Q4 25 | 8.5% | 5.3% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 7.5% | -0.9% | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 9.3% | 2.9% | ||
| Q3 24 | 7.9% | 0.8% | ||
| Q2 24 | 6.1% | 0.8% | ||
| Q1 24 | 5.0% | 1.6% |
净利率GAPLE
| Q4 25 | 6.0% | 1.6% | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 5.6% | -3.2% | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 7.2% | -0.2% | ||
| Q3 24 | 5.5% | -1.7% | ||
| Q2 24 | 4.7% | -2.3% | ||
| Q1 24 | 4.3% | -1.7% |
每股收益（稀释后）GAPLE
| Q4 25 | $0.62 | $0.17 | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $0.51 | $-0.27 | ||
| Q1 25 | $0.53 | — | ||
| Q4 24 | $0.72 | $-0.02 | ||
| Q3 24 | $0.54 | $-0.17 | ||
| Q2 24 | $0.41 | $-0.20 | ||
| Q1 24 | $0.49 | $-0.27 |
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 | $36.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $231.0M |
| 总资产 | $12.4B | $852.7M |
| 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GAPLE
| Q4 25 | $2.5B | $36.3M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $18.1M | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.2B | $30.4M | ||
| Q3 24 | $2.1B | $25.6M | ||
| Q2 24 | $1.7B | $27.4M | ||
| Q1 24 | $1.9B | $25.3M |
股东权益GAPLE
| Q4 25 | $3.6B | $231.0M | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | $230.1M | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.1B | $223.6M | ||
| Q3 24 | $2.9B | $226.5M | ||
| Q2 24 | $2.7B | $234.6M | ||
| Q1 24 | $2.6B | $241.6M |
总资产GAPLE
| Q4 25 | $12.4B | $852.7M | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $11.6B | $760.5M | ||
| Q1 25 | $11.9B | — | ||
| Q4 24 | $11.9B | $843.6M | ||
| Q3 24 | $11.5B | $802.5M | ||
| Q2 24 | $10.9B | $800.1M | ||
| Q1 24 | $11.0B | $811.5M |
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 | $-15.7M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $-22.4M |
| 自由现金流率自由现金流/营收 | 3.9% | -7.1% |
| 资本支出强度资本支出/营收 | 3.7% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.27× | -3.03× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $-55.0M |
8季度趋势，按日历期对齐
经营现金流GAPLE
| Q4 25 | $299.0M | $-15.7M | ||
| Q3 25 | $448.0M | — | ||
| Q2 25 | $-140.0M | $-22.5M | ||
| Q1 25 | $616.0M | — | ||
| Q4 24 | $291.0M | — | ||
| Q3 24 | $549.0M | $30.7M | ||
| Q2 24 | $30.0M | $-25.8M | ||
| Q1 24 | $700.0M | $93.9M |
自由现金流GAPLE
| Q4 25 | $153.0M | $-22.4M | ||
| Q3 25 | $350.0M | — | ||
| Q2 25 | $-223.0M | $-30.7M | ||
| Q1 25 | $499.0M | — | ||
| Q4 24 | $143.0M | — | ||
| Q3 24 | $460.0M | $26.0M | ||
| Q2 24 | $-63.0M | $-32.6M | ||
| Q1 24 | $568.0M | $87.5M |
自由现金流率GAPLE
| Q4 25 | 3.9% | -7.1% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -6.4% | -11.8% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.4% | 8.2% | ||
| Q2 24 | -1.9% | -11.4% | ||
| Q1 24 | 13.2% | 17.0% |
资本支出强度GAPLE
| Q4 25 | 3.7% | 2.1% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.4% | 3.2% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 2.7% | 2.4% | ||
| Q1 24 | 3.1% | 1.2% |
现金转化率GAPLE
| Q4 25 | 1.27× | -3.03× | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 3.78× | — |
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% |
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
