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盖璞（GAP）与西部数据（WDC）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西部数据的1.3倍（$3.9B vs $3.0B），西部数据净利率更高（61.1% vs 6.0%，领先55.1%），西部数据同比增速更快（31.5% vs 3.0%），过去两年盖璞的营收复合增速更高（-4.2% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
GAP vs WDC — 直观对比
营收规模更大
GAP
是对方的1.3倍
$3.0B
营收增速更快
WDC
高出28.6%
3.0%
净利率更高
WDC
高出55.1%
6.0%
两年增速更快
GAP
近两年复合增速
-6.6%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.0B |
| 净利润 | $236.0M | $1.8B |
| 毛利率 | 42.4% | 45.7% |
| 营业利润率 | 8.5% | 30.1% |
| 净利率 | 6.0% | 61.1% |
| 营收同比 | 3.0% | 31.5% |
| 净利润同比 | -13.9% | 254.2% |
| 每股收益（稀释后） | $0.62 | $4.73 |
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GAPWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.9B | $2.8B | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.5B | $-1.2B | ||
| Q1 25 | $4.1B | $2.3B | ||
| Q4 24 | $3.8B | $4.3B | ||
| Q3 24 | $3.7B | $4.1B | ||
| Q2 24 | $3.4B | $3.8B |
净利润GAPWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $236.0M | $1.2B | ||
| Q3 25 | $216.0M | — | ||
| Q2 25 | $193.0M | $282.0M | ||
| Q1 25 | $206.0M | $520.0M | ||
| Q4 24 | $274.0M | $594.0M | ||
| Q3 24 | $206.0M | $493.0M | ||
| Q2 24 | $158.0M | $39.0M |
毛利率GAPWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 42.4% | 43.5% | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 41.8% | — | ||
| Q1 25 | 38.9% | 39.8% | ||
| Q4 24 | 42.7% | 35.4% | ||
| Q3 24 | 42.6% | 37.9% | ||
| Q2 24 | 41.2% | 35.9% |
营业利润率GAPWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 8.5% | 28.1% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 6.2% | 33.1% | ||
| Q4 24 | 9.3% | 19.9% | ||
| Q3 24 | 7.9% | 18.1% | ||
| Q2 24 | 6.1% | 5.7% |
净利率GAPWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 6.0% | 41.9% | ||
| Q3 25 | 5.8% | — | ||
| Q2 25 | 5.6% | -24.4% | ||
| Q1 25 | 5.0% | 22.7% | ||
| Q4 24 | 7.2% | 13.9% | ||
| Q3 24 | 5.5% | 12.0% | ||
| Q2 24 | 4.7% | 1.0% |
每股收益（稀释后）GAPWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.62 | $3.07 | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $0.51 | $0.72 | ||
| Q1 25 | $0.53 | $1.42 | ||
| Q4 24 | $0.72 | $1.63 | ||
| Q3 24 | $0.54 | $1.35 | ||
| Q2 24 | $0.41 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $3.6B | $7.1B |
| 总资产 | $12.4B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资GAPWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $1.7B | $1.9B |
总债务GAPWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益GAPWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $3.6B | $5.9B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | $5.3B | ||
| Q1 25 | $3.3B | $5.2B | ||
| Q4 24 | $3.1B | $12.1B | ||
| Q3 24 | $2.9B | $11.6B | ||
| Q2 24 | $2.7B | $10.8B |
总资产GAPWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $12.4B | $14.4B | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $11.6B | $14.0B | ||
| Q1 25 | $11.9B | $16.4B | ||
| Q4 24 | $11.9B | $25.5B | ||
| Q3 24 | $11.5B | $24.8B | ||
| Q2 24 | $10.9B | $24.2B |
负债/权益比GAPWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
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GAPWDC
| Q1 26 | — | — | ||
| Q4 25 | $299.0M | $672.0M | ||
| Q3 25 | $448.0M | — | ||
| Q2 25 | $-140.0M | $746.0M | ||
| Q1 25 | $616.0M | $508.0M | ||
| Q4 24 | $291.0M | $403.0M | ||
| Q3 24 | $549.0M | $34.0M | ||
| Q2 24 | $30.0M | $366.0M |
自由现金流GAPWDC
| Q1 26 | — | — | ||
| Q4 25 | $153.0M | $599.0M | ||
| Q3 25 | $350.0M | — | ||
| Q2 25 | $-223.0M | $675.0M | ||
| Q1 25 | $499.0M | $379.0M | ||
| Q4 24 | $143.0M | $287.0M | ||
| Q3 24 | $460.0M | $-62.0M | ||
| Q2 24 | $-63.0M | $250.0M |
自由现金流率GAPWDC
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 21.3% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -6.4% | -58.5% | ||
| Q1 25 | 12.0% | 16.5% | ||
| Q4 24 | 3.7% | 6.7% | ||
| Q3 24 | 12.4% | -1.5% | ||
| Q2 24 | -1.9% | 6.6% |
资本支出强度GAPWDC
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 2.6% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 2.4% | -6.2% | ||
| Q1 25 | 2.8% | 5.6% | ||
| Q4 24 | 3.9% | 2.7% | ||
| Q3 24 | 2.4% | 2.3% | ||
| Q2 24 | 2.7% | 3.1% |
现金转化率GAPWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 0.57× | ||
| Q3 25 | 2.07× | — | ||
| Q2 25 | -0.73× | 2.65× | ||
| Q1 25 | 2.99× | 0.98× | ||
| Q4 24 | 1.06× | 0.68× | ||
| Q3 24 | 2.67× | 0.07× | ||
| Q2 24 | 0.19× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
