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盖璞（GAP）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是盖璞的1.8倍（$7.1B vs $3.9B），盖璞净利率更高（6.0% vs 1.1%，领先4.9%），盖璞同比增速更快（3.0% vs -2.9%），盖璞自由现金流更多（$153.0M vs $77.0M），过去两年盖璞的营收复合增速更高（-4.2% vs -9.1%）
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。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
GAP vs PBF — 直观对比
营收规模更大
PBF
是对方的1.8倍
$3.9B
营收增速更快
GAP
高出5.8%
-2.9%
净利率更高
GAP
高出4.9%
1.1%
自由现金流更多
GAP
多$76.0M
$77.0M
两年增速更快
GAP
近两年复合增速
-9.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $7.1B |
| 净利润 | $236.0M | $78.4M |
| 毛利率 | 42.4% | -1.8% |
| 营业利润率 | 8.5% | 1.8% |
| 净利率 | 6.0% | 1.1% |
| 营收同比 | 3.0% | -2.9% |
| 净利润同比 | -13.9% | 127.1% |
| 每股收益（稀释后） | $0.62 | $0.74 |
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GAPPBF
| Q4 25 | $3.9B | $7.1B | ||
| Q3 25 | $3.7B | $7.7B | ||
| Q2 25 | $3.5B | $7.5B | ||
| Q1 25 | $4.1B | $7.1B | ||
| Q4 24 | $3.8B | $7.4B | ||
| Q3 24 | $3.7B | $8.4B | ||
| Q2 24 | $3.4B | $8.7B | ||
| Q1 24 | $4.3B | $8.6B |
净利润GAPPBF
| Q4 25 | $236.0M | $78.4M | ||
| Q3 25 | $216.0M | $170.1M | ||
| Q2 25 | $193.0M | $-5.2M | ||
| Q1 25 | $206.0M | $-401.8M | ||
| Q4 24 | $274.0M | $-289.3M | ||
| Q3 24 | $206.0M | $-285.9M | ||
| Q2 24 | $158.0M | $-65.2M | ||
| Q1 24 | $185.0M | $106.6M |
毛利率GAPPBF
| Q4 25 | 42.4% | -1.8% | ||
| Q3 25 | 41.2% | 0.5% | ||
| Q2 25 | 41.8% | -0.8% | ||
| Q1 25 | 38.9% | -5.9% | ||
| Q4 24 | 42.7% | -4.2% | ||
| Q3 24 | 42.6% | -3.4% | ||
| Q2 24 | 41.2% | 0.1% | ||
| Q1 24 | 38.9% | 2.5% |
营业利润率GAPPBF
| Q4 25 | 8.5% | 1.8% | ||
| Q3 25 | 7.8% | 3.7% | ||
| Q2 25 | 7.5% | 0.6% | ||
| Q1 25 | 6.2% | -7.2% | ||
| Q4 24 | 9.3% | -5.2% | ||
| Q3 24 | 7.9% | -4.6% | ||
| Q2 24 | 6.1% | -0.9% | ||
| Q1 24 | 5.0% | 1.7% |
净利率GAPPBF
| Q4 25 | 6.0% | 1.1% | ||
| Q3 25 | 5.8% | 2.2% | ||
| Q2 25 | 5.6% | -0.1% | ||
| Q1 25 | 5.0% | -5.7% | ||
| Q4 24 | 7.2% | -3.9% | ||
| Q3 24 | 5.5% | -3.4% | ||
| Q2 24 | 4.7% | -0.7% | ||
| Q1 24 | 4.3% | 1.2% |
每股收益（稀释后）GAPPBF
| Q4 25 | $0.62 | $0.74 | ||
| Q3 25 | $0.57 | $1.45 | ||
| Q2 25 | $0.51 | $-0.05 | ||
| Q1 25 | $0.53 | $-3.53 | ||
| Q4 24 | $0.72 | $-2.41 | ||
| Q3 24 | $0.54 | $-2.49 | ||
| Q2 24 | $0.41 | $-0.56 | ||
| Q1 24 | $0.49 | $0.86 |
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 | $527.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $5.3B |
| 总资产 | $12.4B | $13.0B |
| 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GAPPBF
| Q4 25 | $2.5B | $527.9M | ||
| Q3 25 | $2.4B | $482.0M | ||
| Q2 25 | $2.2B | $590.7M | ||
| Q1 25 | $2.6B | $468.6M | ||
| Q4 24 | $2.2B | $536.1M | ||
| Q3 24 | $2.1B | $976.7M | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.9B | $1.4B |
股东权益GAPPBF
| Q4 25 | $3.6B | $5.3B | ||
| Q3 25 | $3.4B | $5.2B | ||
| Q2 25 | $3.3B | $5.1B | ||
| Q1 25 | $3.3B | $5.1B | ||
| Q4 24 | $3.1B | $5.5B | ||
| Q3 24 | $2.9B | $5.9B | ||
| Q2 24 | $2.7B | $6.3B | ||
| Q1 24 | $2.6B | $6.5B |
总资产GAPPBF
| Q4 25 | $12.4B | $13.0B | ||
| Q3 25 | $12.1B | $13.0B | ||
| Q2 25 | $11.6B | $13.0B | ||
| Q1 25 | $11.9B | $13.0B | ||
| Q4 24 | $11.9B | $12.7B | ||
| Q3 24 | $11.5B | $13.1B | ||
| Q2 24 | $10.9B | $14.1B | ||
| Q1 24 | $11.0B | $13.8B |
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 | $366.6M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $77.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 1.1% |
| 资本支出强度资本支出/营收 | 3.7% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.27× | 4.68× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $-783.2M |
8季度趋势，按日历期对齐
经营现金流GAPPBF
| Q4 25 | $299.0M | $366.6M | ||
| Q3 25 | $448.0M | $25.7M | ||
| Q2 25 | $-140.0M | $191.1M | ||
| Q1 25 | $616.0M | $-661.4M | ||
| Q4 24 | $291.0M | $-329.7M | ||
| Q3 24 | $549.0M | $-68.0M | ||
| Q2 24 | $30.0M | $425.3M | ||
| Q1 24 | $700.0M | $15.8M |
自由现金流GAPPBF
| Q4 25 | $153.0M | $77.0M | ||
| Q3 25 | $350.0M | $-122.8M | ||
| Q2 25 | $-223.0M | $35.0M | ||
| Q1 25 | $499.0M | $-772.4M | ||
| Q4 24 | $143.0M | $-425.7M | ||
| Q3 24 | $460.0M | $-169.8M | ||
| Q2 24 | $-63.0M | $371.8M | ||
| Q1 24 | $568.0M | $-123.8M |
自由现金流率GAPPBF
| Q4 25 | 3.9% | 1.1% | ||
| Q3 25 | 9.4% | -1.6% | ||
| Q2 25 | -6.4% | 0.5% | ||
| Q1 25 | 12.0% | -10.9% | ||
| Q4 24 | 3.7% | -5.8% | ||
| Q3 24 | 12.4% | -2.0% | ||
| Q2 24 | -1.9% | 4.3% | ||
| Q1 24 | 13.2% | -1.4% |
资本支出强度GAPPBF
| Q4 25 | 3.7% | 4.1% | ||
| Q3 25 | 2.6% | 1.9% | ||
| Q2 25 | 2.4% | 2.1% | ||
| Q1 25 | 2.8% | 1.6% | ||
| Q4 24 | 3.9% | 1.3% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 2.7% | 0.6% | ||
| Q1 24 | 3.1% | 1.6% |
现金转化率GAPPBF
| Q4 25 | 1.27× | 4.68× | ||
| Q3 25 | 2.07× | 0.15× | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 3.78× | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
