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盖璞（GAP）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.5倍（$3.9B vs $2.7B），盖璞净利率更高（6.0% vs 2.5%，领先3.5%），Rocket Companies, Inc.同比增速更快（52.2% vs 3.0%），盖璞自由现金流更多（$153.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
GAP vs RKT — 直观对比
营收规模更大
GAP
是对方的1.5倍
$2.7B
营收增速更快
RKT
高出49.2%
3.0%
净利率更高
GAP
高出3.5%
2.5%
自由现金流更多
GAP
多$1.4B
$-1.3B
两年增速更快
RKT
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.7B |
| 净利润 | $236.0M | $68.0M |
| 毛利率 | 42.4% | — |
| 营业利润率 | 8.5% | 6.3% |
| 净利率 | 6.0% | 2.5% |
| 营收同比 | 3.0% | 52.2% |
| 净利润同比 | -13.9% | 100.8% |
| 每股收益（稀释后） | $0.62 | $0.10 |
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GAPRKT
| Q4 25 | $3.9B | $2.7B | ||
| Q3 25 | $3.7B | $1.6B | ||
| Q2 25 | $3.5B | $1.4B | ||
| Q1 25 | $4.1B | $1.0B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $3.7B | $646.9M | ||
| Q2 24 | $3.4B | $1.3B | ||
| Q1 24 | $4.3B | $1.4B |
净利润GAPRKT
| Q4 25 | $236.0M | $68.0M | ||
| Q3 25 | $216.0M | $-123.9M | ||
| Q2 25 | $193.0M | $-1.8M | ||
| Q1 25 | $206.0M | $-10.4M | ||
| Q4 24 | $274.0M | $33.9M | ||
| Q3 24 | $206.0M | $-22.0M | ||
| Q2 24 | $158.0M | $1.3M | ||
| Q1 24 | $185.0M | $16.2M |
毛利率GAPRKT
| Q4 25 | 42.4% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 41.8% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 42.7% | 58.9% | ||
| Q3 24 | 42.6% | -8.4% | ||
| Q2 24 | 41.2% | 47.4% | ||
| Q1 24 | 38.9% | 51.2% |
营业利润率GAPRKT
| Q4 25 | 8.5% | 6.3% | ||
| Q3 25 | 7.8% | -11.5% | ||
| Q2 25 | 7.5% | 1.8% | ||
| Q1 25 | 6.2% | -21.5% | ||
| Q4 24 | 9.3% | 38.1% | ||
| Q3 24 | 7.9% | -76.9% | ||
| Q2 24 | 6.1% | 14.8% | ||
| Q1 24 | 5.0% | 21.6% |
净利率GAPRKT
| Q4 25 | 6.0% | 2.5% | ||
| Q3 25 | 5.8% | -7.7% | ||
| Q2 25 | 5.6% | -0.1% | ||
| Q1 25 | 5.0% | -1.0% | ||
| Q4 24 | 7.2% | 1.9% | ||
| Q3 24 | 5.5% | -3.4% | ||
| Q2 24 | 4.7% | 0.1% | ||
| Q1 24 | 4.3% | 1.2% |
每股收益（稀释后）GAPRKT
| Q4 25 | $0.62 | $0.10 | ||
| Q3 25 | $0.57 | $-0.06 | ||
| Q2 25 | $0.51 | $-0.01 | ||
| Q1 25 | $0.53 | $-0.08 | ||
| Q4 24 | $0.72 | $0.28 | ||
| Q3 24 | $0.54 | $-0.19 | ||
| Q2 24 | $0.41 | $0.01 | ||
| Q1 24 | $0.49 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $22.9B |
| 总资产 | $12.4B | $60.7B |
| 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GAPRKT
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $2.4B | $5.8B | ||
| Q2 25 | $2.2B | $5.1B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.9B | $861.4M |
股东权益GAPRKT
| Q4 25 | $3.6B | $22.9B | ||
| Q3 25 | $3.4B | $8.9B | ||
| Q2 25 | $3.3B | $7.4B | ||
| Q1 25 | $3.3B | $8.6B | ||
| Q4 24 | $3.1B | $9.0B | ||
| Q3 24 | $2.9B | $8.4B | ||
| Q2 24 | $2.7B | $8.8B | ||
| Q1 24 | $2.6B | $8.6B |
总资产GAPRKT
| Q4 25 | $12.4B | $60.7B | ||
| Q3 25 | $12.1B | $33.6B | ||
| Q2 25 | $11.6B | $30.4B | ||
| Q1 25 | $11.9B | $25.3B | ||
| Q4 24 | $11.9B | $24.5B | ||
| Q3 24 | $11.5B | $25.1B | ||
| Q2 24 | $10.9B | $23.6B | ||
| Q1 24 | $11.0B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 3.9% | -47.2% |
| 资本支出强度资本支出/营收 | 3.7% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.27× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流GAPRKT
| Q4 25 | $299.0M | $-1.2B | ||
| Q3 25 | $448.0M | $-50.3M | ||
| Q2 25 | $-140.0M | $-1.9B | ||
| Q1 25 | $616.0M | $-797.0M | ||
| Q4 24 | $291.0M | $1.8B | ||
| Q3 24 | $549.0M | $-1.3B | ||
| Q2 24 | $30.0M | $-122.3M | ||
| Q1 24 | $700.0M | $-3.0B |
自由现金流GAPRKT
| Q4 25 | $153.0M | $-1.3B | ||
| Q3 25 | $350.0M | $-71.8M | ||
| Q2 25 | $-223.0M | $-1.9B | ||
| Q1 25 | $499.0M | $-811.0M | ||
| Q4 24 | $143.0M | $1.8B | ||
| Q3 24 | $460.0M | $-1.4B | ||
| Q2 24 | $-63.0M | $-138.3M | ||
| Q1 24 | $568.0M | $-3.0B |
自由现金流率GAPRKT
| Q4 25 | 3.9% | -47.2% | ||
| Q3 25 | 9.4% | -4.5% | ||
| Q2 25 | -6.4% | -137.2% | ||
| Q1 25 | 12.0% | -78.2% | ||
| Q4 24 | 3.7% | 103.1% | ||
| Q3 24 | 12.4% | -209.6% | ||
| Q2 24 | -1.9% | -10.6% | ||
| Q1 24 | 13.2% | -218.7% |
资本支出强度GAPRKT
| Q4 25 | 3.7% | 1.5% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | 2.4% | 1.1% | ||
| Q1 25 | 2.8% | 1.4% | ||
| Q4 24 | 3.9% | 1.1% | ||
| Q3 24 | 2.4% | 2.9% | ||
| Q2 24 | 2.7% | 1.2% | ||
| Q1 24 | 3.1% | 1.0% |
现金转化率GAPRKT
| Q4 25 | 1.27× | -18.08× | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | — | ||
| Q1 25 | 2.99× | — | ||
| Q4 24 | 1.06× | 54.42× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 0.19× | -94.46× | ||
| Q1 24 | 3.78× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
