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盖璞（GAP）与URBAN OUTFITTERS INC（URBN）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URBAN OUTFITTERS INC的2.6倍（$3.9B vs $1.5B）。URBAN OUTFITTERS INC净利率更高（7.6% vs 6.0%，领先1.6%）。URBAN OUTFITTERS INC同比增速更快（12.3% vs 3.0%）。盖璞自由现金流更多（$153.0M vs $-22.8M）。过去两年URBAN OUTFITTERS INC的营收复合增速更高（1.4% 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。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
GAP vs URBN — 直观对比
营收规模更大
GAP
是对方的2.6倍
$1.5B
营收增速更快
URBN
高出9.3%
3.0%
净利率更高
URBN
高出1.6%
6.0%
自由现金流更多
GAP
多$175.8M
$-22.8M
两年增速更快
URBN
近两年复合增速
-4.2%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $1.5B |
| 净利润 | $236.0M | $116.4M |
| 毛利率 | 42.4% | 36.8% |
| 营业利润率 | 8.5% | 9.4% |
| 净利率 | 6.0% | 7.6% |
| 营收同比 | 3.0% | 12.3% |
| 净利润同比 | -13.9% | 13.1% |
| 每股收益（稀释后） | $0.62 | $1.28 |
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GAPURBN
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $3.7B | $1.5B | ||
| Q2 25 | $3.5B | $1.3B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $3.4B | $1.2B | ||
| Q1 24 | $4.3B | $1.5B |
净利润GAPURBN
| Q4 25 | $236.0M | $116.4M | ||
| Q3 25 | $216.0M | $143.9M | ||
| Q2 25 | $193.0M | $108.3M | ||
| Q1 25 | $206.0M | $120.3M | ||
| Q4 24 | $274.0M | $102.9M | ||
| Q3 24 | $206.0M | $117.5M | ||
| Q2 24 | $158.0M | $61.8M | ||
| Q1 24 | $185.0M | $47.8M |
毛利率GAPURBN
| Q4 25 | 42.4% | 36.8% | ||
| Q3 25 | 41.2% | 37.6% | ||
| Q2 25 | 41.8% | 36.8% | ||
| Q1 25 | 38.9% | 32.3% | ||
| Q4 24 | 42.7% | 36.5% | ||
| Q3 24 | 42.6% | 36.5% | ||
| Q2 24 | 41.2% | 34.0% | ||
| Q1 24 | 38.9% | 29.2% |
营业利润率GAPURBN
| Q4 25 | 8.5% | 9.4% | ||
| Q3 25 | 7.8% | 11.6% | ||
| Q2 25 | 7.5% | 9.6% | ||
| Q1 25 | 6.2% | 7.7% | ||
| Q4 24 | 9.3% | 9.4% | ||
| Q3 24 | 7.9% | 10.7% | ||
| Q2 24 | 6.1% | 6.2% | ||
| Q1 24 | 5.0% | 3.9% |
净利率GAPURBN
| Q4 25 | 6.0% | 7.6% | ||
| Q3 25 | 5.8% | 9.6% | ||
| Q2 25 | 5.6% | 8.1% | ||
| Q1 25 | 5.0% | 7.4% | ||
| Q4 24 | 7.2% | 7.6% | ||
| Q3 24 | 5.5% | 8.7% | ||
| Q2 24 | 4.7% | 5.1% | ||
| Q1 24 | 4.3% | 3.2% |
每股收益（稀释后）GAPURBN
| Q4 25 | $0.62 | $1.28 | ||
| Q3 25 | $0.57 | $1.58 | ||
| Q2 25 | $0.51 | $1.16 | ||
| Q1 25 | $0.53 | $1.27 | ||
| Q4 24 | $0.72 | $1.10 | ||
| Q3 24 | $0.54 | $1.24 | ||
| Q2 24 | $0.41 | $0.65 | ||
| Q1 24 | $0.49 | $0.51 |
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 | $306.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $2.7B |
| 总资产 | $12.4B | $4.9B |
| 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GAPURBN
| Q4 25 | $2.5B | $306.6M | ||
| Q3 25 | $2.4B | $332.2M | ||
| Q2 25 | $2.2B | $189.4M | ||
| Q1 25 | $2.6B | $290.5M | ||
| Q4 24 | $2.2B | $182.5M | ||
| Q3 24 | $2.1B | $209.1M | ||
| Q2 24 | $1.7B | $174.0M | ||
| Q1 24 | $1.9B | $178.3M |
股东权益GAPURBN
| Q4 25 | $3.6B | $2.7B | ||
| Q3 25 | $3.4B | $2.6B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.3B | $2.5B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $2.9B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B | ||
| Q1 24 | $2.6B | $2.1B |
总资产GAPURBN
| Q4 25 | $12.4B | $4.9B | ||
| Q3 25 | $12.1B | $4.7B | ||
| Q2 25 | $11.6B | $4.5B | ||
| Q1 25 | $11.9B | $4.5B | ||
| Q4 24 | $11.9B | $4.5B | ||
| Q3 24 | $11.5B | $4.3B | ||
| Q2 24 | $10.9B | $4.2B | ||
| Q1 24 | $11.0B | $4.1B |
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 | $61.1M |
| 自由现金流经营现金流 - 资本支出 | $153.0M | $-22.8M |
| 自由现金流率自由现金流/营收 | 3.9% | -1.5% |
| 资本支出强度资本支出/营收 | 3.7% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.27× | 0.53× |
| 过去12个月自由现金流最近4个季度 | $779.0M | $402.7M |
8季度趋势，按日历期对齐
经营现金流GAPURBN
| Q4 25 | $299.0M | $61.1M | ||
| Q3 25 | $448.0M | $218.0M | ||
| Q2 25 | $-140.0M | $33.0M | ||
| Q1 25 | $616.0M | $320.5M | ||
| Q4 24 | $291.0M | $18.5M | ||
| Q3 24 | $549.0M | $105.3M | ||
| Q2 24 | $30.0M | $58.6M | ||
| Q1 24 | $700.0M | $229.2M |
自由现金流GAPURBN
| Q4 25 | $153.0M | $-22.8M | ||
| Q3 25 | $350.0M | $156.6M | ||
| Q2 25 | $-223.0M | $-13.1M | ||
| Q1 25 | $499.0M | $281.9M | ||
| Q4 24 | $143.0M | $-26.6M | ||
| Q3 24 | $460.0M | $47.5M | ||
| Q2 24 | $-63.0M | $17.5M | ||
| Q1 24 | $568.0M | $180.6M |
自由现金流率GAPURBN
| Q4 25 | 3.9% | -1.5% | ||
| Q3 25 | 9.4% | 10.4% | ||
| Q2 25 | -6.4% | -1.0% | ||
| Q1 25 | 12.0% | 17.2% | ||
| Q4 24 | 3.7% | -2.0% | ||
| Q3 24 | 12.4% | 3.5% | ||
| Q2 24 | -1.9% | 1.5% | ||
| Q1 24 | 13.2% | 12.2% |
资本支出强度GAPURBN
| Q4 25 | 3.7% | 5.5% | ||
| Q3 25 | 2.6% | 4.1% | ||
| Q2 25 | 2.4% | 3.5% | ||
| Q1 25 | 2.8% | 2.4% | ||
| Q4 24 | 3.9% | 3.3% | ||
| Q3 24 | 2.4% | 4.3% | ||
| Q2 24 | 2.7% | 3.4% | ||
| Q1 24 | 3.1% | 3.3% |
现金转化率GAPURBN
| Q4 25 | 1.27× | 0.53× | ||
| Q3 25 | 2.07× | 1.52× | ||
| Q2 25 | -0.73× | 0.30× | ||
| Q1 25 | 2.99× | 2.66× | ||
| Q4 24 | 1.06× | 0.18× | ||
| Q3 24 | 2.67× | 0.90× | ||
| Q2 24 | 0.19× | 0.95× | ||
| Q1 24 | 3.78× | 4.80× |
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% |
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
