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盖璞（GAP）与派克汉尼汾（PH）财务数据对比。点击上方公司名可切换其他公司
派克汉尼汾的季度营收约是盖璞的1.3倍（$5.2B vs $3.9B），派克汉尼汾同比增速更快（9.1% vs 3.0%），派克汉尼汾自由现金流更多（$768.0M vs $153.0M），过去两年派克汉尼汾的营收复合增速更高（1.0% 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。
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
GAP vs PH — 直观对比
营收规模更大
PH
是对方的1.3倍
$3.9B
营收增速更快
PH
高出6.1%
3.0%
自由现金流更多
PH
多$615.0M
$153.0M
两年增速更快
PH
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $5.2B |
| 净利润 | $236.0M | — |
| 毛利率 | 42.4% | 37.3% |
| 营业利润率 | 8.5% | 22.8% |
| 净利率 | 6.0% | — |
| 营收同比 | 3.0% | 9.1% |
| 净利润同比 | -13.9% | — |
| 每股收益（稀释后） | $0.62 | $6.60 |
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GAPPH
| Q4 25 | $3.9B | $5.2B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.5B | $5.2B | ||
| Q1 25 | $4.1B | $5.0B | ||
| Q4 24 | $3.8B | $4.7B | ||
| Q3 24 | $3.7B | $4.9B | ||
| Q2 24 | $3.4B | $5.2B | ||
| Q1 24 | $4.3B | $5.1B |
净利润GAPPH
| Q4 25 | $236.0M | — | ||
| Q3 25 | $216.0M | — | ||
| Q2 25 | $193.0M | $923.6M | ||
| Q1 25 | $206.0M | $961.2M | ||
| Q4 24 | $274.0M | $948.6M | ||
| Q3 24 | $206.0M | $698.5M | ||
| Q2 24 | $158.0M | $785.1M | ||
| Q1 24 | $185.0M | $726.7M |
毛利率GAPPH
| Q4 25 | 42.4% | 37.3% | ||
| Q3 25 | 41.2% | 37.5% | ||
| Q2 25 | 41.8% | 37.3% | ||
| Q1 25 | 38.9% | 36.9% | ||
| Q4 24 | 42.7% | 36.3% | ||
| Q3 24 | 42.6% | 36.8% | ||
| Q2 24 | 41.2% | 35.9% | ||
| Q1 24 | 38.9% | 35.4% |
营业利润率GAPPH
| Q4 25 | 8.5% | 22.8% | ||
| Q3 25 | 7.8% | 23.3% | ||
| Q2 25 | 7.5% | 22.7% | ||
| Q1 25 | 6.2% | 22.3% | ||
| Q4 24 | 9.3% | 20.9% | ||
| Q3 24 | 7.9% | 21.6% | ||
| Q2 24 | 6.1% | 21.1% | ||
| Q1 24 | 5.0% | 20.4% |
净利率GAPPH
| Q4 25 | 6.0% | — | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 5.6% | 17.6% | ||
| Q1 25 | 5.0% | 19.4% | ||
| Q4 24 | 7.2% | 20.0% | ||
| Q3 24 | 5.5% | 14.2% | ||
| Q2 24 | 4.7% | 15.1% | ||
| Q1 24 | 4.3% | 14.3% |
每股收益（稀释后）GAPPH
| Q4 25 | $0.62 | $6.60 | ||
| Q3 25 | $0.57 | $6.29 | ||
| Q2 25 | $0.51 | $7.16 | ||
| Q1 25 | $0.53 | $7.37 | ||
| Q4 24 | $0.72 | $7.25 | ||
| Q3 24 | $0.54 | $5.34 | ||
| Q2 24 | $0.41 | $6.06 | ||
| Q1 24 | $0.49 | $5.56 |
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 | $427.0M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $3.6B | $14.3B |
| 总资产 | $12.4B | $30.5B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资GAPPH
| Q4 25 | $2.5B | $427.0M | ||
| Q3 25 | $2.4B | $473.0M | ||
| Q2 25 | $2.2B | $467.0M | ||
| Q1 25 | $2.6B | $408.7M | ||
| Q4 24 | $2.2B | $395.5M | ||
| Q3 24 | $2.1B | $371.1M | ||
| Q2 24 | $1.7B | $422.0M | ||
| Q1 24 | $1.9B | $415.5M |
总债务GAPPH
| Q4 25 | — | $7.5B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.3B |
股东权益GAPPH
| Q4 25 | $3.6B | $14.3B | ||
| Q3 25 | $3.4B | $13.8B | ||
| Q2 25 | $3.3B | $13.7B | ||
| Q1 25 | $3.3B | $13.4B | ||
| Q4 24 | $3.1B | $13.1B | ||
| Q3 24 | $2.9B | $12.9B | ||
| Q2 24 | $2.7B | $12.1B | ||
| Q1 24 | $2.6B | $11.6B |
总资产GAPPH
| Q4 25 | $12.4B | $30.5B | ||
| Q3 25 | $12.1B | $30.7B | ||
| Q2 25 | $11.6B | $29.5B | ||
| Q1 25 | $11.9B | $28.9B | ||
| Q4 24 | $11.9B | $28.3B | ||
| Q3 24 | $11.5B | $29.6B | ||
| Q2 24 | $10.9B | $29.3B | ||
| Q1 24 | $11.0B | $29.6B |
负债/权益比GAPPH
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.63× |
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 | $862.0M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $768.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 14.8% |
| 资本支出强度资本支出/营收 | 3.7% | 1.8% |
| 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 | $3.3B |
8季度趋势，按日历期对齐
经营现金流GAPPH
| Q4 25 | $299.0M | $862.0M | ||
| Q3 25 | $448.0M | $782.0M | ||
| Q2 25 | $-140.0M | $1.5B | ||
| Q1 25 | $616.0M | $630.0M | ||
| Q4 24 | $291.0M | $934.8M | ||
| Q3 24 | $549.0M | $744.0M | ||
| Q2 24 | $30.0M | $1.2B | ||
| Q1 24 | $700.0M | $795.1M |
自由现金流GAPPH
| Q4 25 | $153.0M | $768.0M | ||
| Q3 25 | $350.0M | $693.0M | ||
| Q2 25 | $-223.0M | $1.3B | ||
| Q1 25 | $499.0M | $542.4M | ||
| Q4 24 | $143.0M | $813.6M | ||
| Q3 24 | $460.0M | $648.7M | ||
| Q2 24 | $-63.0M | $1.1B | ||
| Q1 24 | $568.0M | $715.9M |
自由现金流率GAPPH
| Q4 25 | 3.9% | 14.8% | ||
| Q3 25 | 9.4% | 13.6% | ||
| Q2 25 | -6.4% | 25.5% | ||
| Q1 25 | 12.0% | 10.9% | ||
| Q4 24 | 3.7% | 17.2% | ||
| Q3 24 | 12.4% | 13.2% | ||
| Q2 24 | -1.9% | 21.6% | ||
| Q1 24 | 13.2% | 14.1% |
资本支出强度GAPPH
| Q4 25 | 3.7% | 1.8% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 2.4% | 2.5% | ||
| Q1 25 | 2.8% | 1.8% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 2.4% | 1.9% | ||
| Q2 24 | 2.7% | 2.3% | ||
| Q1 24 | 3.1% | 1.6% |
现金转化率GAPPH
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | 1.59× | ||
| Q1 25 | 2.99× | 0.66× | ||
| Q4 24 | 1.06× | 0.99× | ||
| Q3 24 | 2.67× | 1.07× | ||
| Q2 24 | 0.19× | 1.58× | ||
| Q1 24 | 3.78× | 1.09× |
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% |
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
