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盖璞（GAP）与凯旋（TFIN）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凯旋的1.6倍（$3.9B vs $2.4B），盖璞净利率更高（6.0% vs 0.3%，领先5.7%），盖璞同比增速更快（3.0% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% 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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
GAP vs TFIN — 直观对比
营收规模更大
GAP
是对方的1.6倍
$2.4B
营收增速更快
GAP
高出0.4%
2.6%
净利率更高
GAP
高出5.7%
0.3%
两年增速更快
TFIN
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.4B |
| 净利润 | $236.0M | $6.4M |
| 毛利率 | 42.4% | 86.1% |
| 营业利润率 | 8.5% | — |
| 净利率 | 6.0% | 0.3% |
| 营收同比 | 3.0% | 2.6% |
| 净利润同比 | -13.9% | -66.9% |
| 每股收益（稀释后） | $0.62 | $0.23 |
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GAPTFIN
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.9B | $120.1M | ||
| Q3 25 | $3.7B | $109.3M | ||
| Q2 25 | $3.5B | $108.1M | ||
| Q1 25 | $4.1B | $101.6M | ||
| Q4 24 | $3.8B | $103.6M | ||
| Q3 24 | $3.7B | $106.2M | ||
| Q2 24 | $3.4B | $105.1M |
净利润GAPTFIN
| Q1 26 | — | $6.4M | ||
| Q4 25 | $236.0M | — | ||
| Q3 25 | $216.0M | $1.7M | ||
| Q2 25 | $193.0M | $4.4M | ||
| Q1 25 | $206.0M | $17.0K | ||
| Q4 24 | $274.0M | $3.8M | ||
| Q3 24 | $206.0M | $5.3M | ||
| Q2 24 | $158.0M | $2.7M |
毛利率GAPTFIN
| Q1 26 | — | 86.1% | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 41.8% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 42.6% | — | ||
| Q2 24 | 41.2% | — |
营业利润率GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | — | ||
| Q3 25 | 7.8% | 1.2% | ||
| Q2 25 | 7.5% | 7.3% | ||
| Q1 25 | 6.2% | 0.1% | ||
| Q4 24 | 9.3% | 5.6% | ||
| Q3 24 | 7.9% | 5.9% | ||
| Q2 24 | 6.1% | 3.4% |
净利率GAPTFIN
| Q1 26 | — | 0.3% | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 5.8% | 1.6% | ||
| Q2 25 | 5.6% | 4.1% | ||
| Q1 25 | 5.0% | 0.0% | ||
| Q4 24 | 7.2% | 3.7% | ||
| Q3 24 | 5.5% | 5.0% | ||
| Q2 24 | 4.7% | 2.6% |
每股收益（稀释后）GAPTFIN
| Q1 26 | — | $0.23 | ||
| Q4 25 | $0.62 | — | ||
| Q3 25 | $0.57 | $0.04 | ||
| Q2 25 | $0.51 | $0.15 | ||
| Q1 25 | $0.53 | $-0.03 | ||
| Q4 24 | $0.72 | $0.13 | ||
| Q3 24 | $0.54 | $0.19 | ||
| Q2 24 | $0.41 | $0.08 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $950.7M |
| 总资产 | $12.4B | $6.9B |
| 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GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $248.5M | ||
| Q3 25 | $2.4B | $147.2M | ||
| Q2 25 | $2.2B | $282.3M | ||
| Q1 25 | $2.6B | $502.9M | ||
| Q4 24 | $2.2B | $330.1M | ||
| Q3 24 | $2.1B | $489.3M | ||
| Q2 24 | $1.7B | $500.7M |
股东权益GAPTFIN
| Q1 26 | — | $950.7M | ||
| Q4 25 | $3.6B | $941.8M | ||
| Q3 25 | $3.4B | $919.3M | ||
| Q2 25 | $3.3B | $912.4M | ||
| Q1 25 | $3.3B | $893.9M | ||
| Q4 24 | $3.1B | $890.9M | ||
| Q3 24 | $2.9B | $885.8M | ||
| Q2 24 | $2.7B | $874.2M |
总资产GAPTFIN
| Q1 26 | — | $6.9B | ||
| Q4 25 | $12.4B | $6.4B | ||
| Q3 25 | $12.1B | $6.4B | ||
| Q2 25 | $11.6B | $6.5B | ||
| Q1 25 | $11.9B | $6.3B | ||
| Q4 24 | $11.9B | $5.9B | ||
| Q3 24 | $11.5B | $5.9B | ||
| Q2 24 | $10.9B | $5.8B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $153.0M | — |
| 自由现金流率自由现金流/营收 | 3.9% | — |
| 资本支出强度资本支出/营收 | 3.7% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | $299.0M | $67.1M | ||
| Q3 25 | $448.0M | $24.4M | ||
| Q2 25 | $-140.0M | $9.8M | ||
| Q1 25 | $616.0M | $-3.6M | ||
| Q4 24 | $291.0M | $58.5M | ||
| Q3 24 | $549.0M | $26.6M | ||
| Q2 24 | $30.0M | $21.9M |
自由现金流GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | $153.0M | — | ||
| Q3 25 | $350.0M | $22.4M | ||
| Q2 25 | $-223.0M | $6.8M | ||
| Q1 25 | $499.0M | $-7.9M | ||
| Q4 24 | $143.0M | — | ||
| Q3 24 | $460.0M | $25.8M | ||
| Q2 24 | $-63.0M | $-31.9M |
自由现金流率GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 9.4% | 20.5% | ||
| Q2 25 | -6.4% | 6.2% | ||
| Q1 25 | 12.0% | -7.7% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 12.4% | 24.3% | ||
| Q2 24 | -1.9% | -30.3% |
资本支出强度GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 2.4% | 2.8% | ||
| Q1 25 | 2.8% | 4.2% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.4% | 0.8% | ||
| Q2 24 | 2.7% | 51.1% |
现金转化率GAPTFIN
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.07× | 14.29× | ||
| Q2 25 | -0.73× | 2.22× | ||
| Q1 25 | 2.99× | -212.82× | ||
| Q4 24 | 1.06× | 15.25× | ||
| Q3 24 | 2.67× | 4.97× | ||
| Q2 24 | 0.19× | 7.95× |
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% |
TFIN
暂无分部数据
