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盖璞（GAP）与Optimum Communications, Inc.（OPTU）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Optimum Communications, Inc.的1.8倍（$3.9B vs $2.2B），盖璞净利率更高（6.0% vs -3.3%，领先9.2%），盖璞同比增速更快（3.0% vs -2.3%），Optimum Communications, Inc.自由现金流更多（$199.4M vs $153.0M），过去两年Optimum Communications, Inc.的营收复合增速更高（-1.5% 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。
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
GAP vs OPTU — 直观对比
营收规模更大
GAP
是对方的1.8倍
$2.2B
营收增速更快
GAP
高出5.3%
-2.3%
净利率更高
GAP
高出9.2%
-3.3%
自由现金流更多
OPTU
多$46.4M
$153.0M
两年增速更快
OPTU
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.2B |
| 净利润 | $236.0M | $-71.2M |
| 毛利率 | 42.4% | 69.5% |
| 营业利润率 | 8.5% | 18.2% |
| 净利率 | 6.0% | -3.3% |
| 营收同比 | 3.0% | -2.3% |
| 净利润同比 | -13.9% | -31.6% |
| 每股收益（稀释后） | $0.62 | $-0.16 |
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GAPOPTU
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.5B | $2.1B | ||
| Q1 25 | $4.1B | $2.2B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.4B | $2.2B | ||
| Q1 24 | $4.3B | $2.3B |
净利润GAPOPTU
| Q4 25 | $236.0M | $-71.2M | ||
| Q3 25 | $216.0M | $-1.6B | ||
| Q2 25 | $193.0M | $-96.3M | ||
| Q1 25 | $206.0M | $-75.7M | ||
| Q4 24 | $274.0M | $-54.1M | ||
| Q3 24 | $206.0M | $-43.0M | ||
| Q2 24 | $158.0M | $15.4M | ||
| Q1 24 | $185.0M | $-21.2M |
毛利率GAPOPTU
| Q4 25 | 42.4% | 69.5% | ||
| Q3 25 | 41.2% | 69.7% | ||
| Q2 25 | 41.8% | 69.1% | ||
| Q1 25 | 38.9% | 68.8% | ||
| Q4 24 | 42.7% | 67.7% | ||
| Q3 24 | 42.6% | 68.1% | ||
| Q2 24 | 41.2% | 67.9% | ||
| Q1 24 | 38.9% | 67.0% |
营业利润率GAPOPTU
| Q4 25 | 8.5% | 18.2% | ||
| Q3 25 | 7.8% | -55.3% | ||
| Q2 25 | 7.5% | 14.5% | ||
| Q1 25 | 6.2% | 16.0% | ||
| Q4 24 | 9.3% | 15.2% | ||
| Q3 24 | 7.9% | 20.0% | ||
| Q2 24 | 6.1% | 22.4% | ||
| Q1 24 | 5.0% | 17.5% |
净利率GAPOPTU
| Q4 25 | 6.0% | -3.3% | ||
| Q3 25 | 5.8% | -77.1% | ||
| Q2 25 | 5.6% | -4.5% | ||
| Q1 25 | 5.0% | -3.5% | ||
| Q4 24 | 7.2% | -2.4% | ||
| Q3 24 | 5.5% | -1.9% | ||
| Q2 24 | 4.7% | 0.7% | ||
| Q1 24 | 4.3% | -0.9% |
每股收益（稀释后）GAPOPTU
| Q4 25 | $0.62 | $-0.16 | ||
| Q3 25 | $0.57 | $-3.47 | ||
| Q2 25 | $0.51 | $-0.21 | ||
| Q1 25 | $0.53 | $-0.16 | ||
| Q4 24 | $0.72 | $-0.11 | ||
| Q3 24 | $0.54 | $-0.09 | ||
| Q2 24 | $0.41 | $0.03 | ||
| Q1 24 | $0.49 | $-0.05 |
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 | $1.0B |
| 总债务越低越好 | — | $26.2B |
| 股东权益账面价值 | $3.6B | $-2.3B |
| 总资产 | $12.4B | $30.7B |
| 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GAPOPTU
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $2.4B | $938.8M | ||
| Q2 25 | $2.2B | $247.3M | ||
| Q1 25 | $2.6B | $279.1M | ||
| Q4 24 | $2.2B | $256.5M | ||
| Q3 24 | $2.1B | $250.0M | ||
| Q2 24 | $1.7B | $362.1M | ||
| Q1 24 | $1.9B | $284.4M |
总债务GAPOPTU
| Q4 25 | — | $26.2B | ||
| Q3 25 | — | $26.2B | ||
| Q2 25 | — | $25.3B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.1B | ||
| Q3 24 | — | $25.1B | ||
| Q2 24 | — | $25.2B | ||
| Q1 24 | — | $25.1B |
股东权益GAPOPTU
| Q4 25 | $3.6B | $-2.3B | ||
| Q3 25 | $3.4B | $-2.2B | ||
| Q2 25 | $3.3B | $-624.1M | ||
| Q1 25 | $3.3B | $-543.0M | ||
| Q4 24 | $3.1B | $-469.2M | ||
| Q3 24 | $2.9B | $-427.1M | ||
| Q2 24 | $2.7B | $-399.1M | ||
| Q1 24 | $2.6B | $-431.2M |
总资产GAPOPTU
| Q4 25 | $12.4B | $30.7B | ||
| Q3 25 | $12.1B | $30.7B | ||
| Q2 25 | $11.6B | $31.6B | ||
| Q1 25 | $11.9B | $31.7B | ||
| Q4 24 | $11.9B | $31.7B | ||
| Q3 24 | $11.5B | $31.8B | ||
| Q2 24 | $10.9B | $32.0B | ||
| Q1 24 | $11.0B | $31.9B |
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 | $481.6M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $199.4M |
| 自由现金流率自由现金流/营收 | 3.9% | 9.1% |
| 资本支出强度资本支出/营收 | 3.7% | 12.9% |
| 现金转化率经营现金流/净利润 | 1.27× | — |
| 过去12个月自由现金流最近4个季度 | $779.0M | $-118.8M |
8季度趋势，按日历期对齐
经营现金流GAPOPTU
| Q4 25 | $299.0M | $481.6M | ||
| Q3 25 | $448.0M | $147.4M | ||
| Q2 25 | $-140.0M | $412.0M | ||
| Q1 25 | $616.0M | $187.5M | ||
| Q4 24 | $291.0M | $439.9M | ||
| Q3 24 | $549.0M | $436.0M | ||
| Q2 24 | $30.0M | $306.8M | ||
| Q1 24 | $700.0M | $399.7M |
自由现金流GAPOPTU
| Q4 25 | $153.0M | $199.4M | ||
| Q3 25 | $350.0M | $-178.1M | ||
| Q2 25 | $-223.0M | $28.4M | ||
| Q1 25 | $499.0M | $-168.6M | ||
| Q4 24 | $143.0M | $49.9M | ||
| Q3 24 | $460.0M | $76.9M | ||
| Q2 24 | $-63.0M | $-40.9M | ||
| Q1 24 | $568.0M | $63.6M |
自由现金流率GAPOPTU
| Q4 25 | 3.9% | 9.1% | ||
| Q3 25 | 9.4% | -8.4% | ||
| Q2 25 | -6.4% | 1.3% | ||
| Q1 25 | 12.0% | -7.8% | ||
| Q4 24 | 3.7% | 2.2% | ||
| Q3 24 | 12.4% | 3.5% | ||
| Q2 24 | -1.9% | -1.8% | ||
| Q1 24 | 13.2% | 2.8% |
资本支出强度GAPOPTU
| Q4 25 | 3.7% | 12.9% | ||
| Q3 25 | 2.6% | 15.4% | ||
| Q2 25 | 2.4% | 17.9% | ||
| Q1 25 | 2.8% | 16.5% | ||
| Q4 24 | 3.9% | 17.5% | ||
| Q3 24 | 2.4% | 16.1% | ||
| Q2 24 | 2.7% | 15.5% | ||
| Q1 24 | 3.1% | 14.9% |
现金转化率GAPOPTU
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.19× | 19.97× | ||
| 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% |
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
