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盖璞（GAP）与XPO, Inc.（XPO）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XPO, Inc.的2.0倍（$3.9B vs $2.0B），盖璞净利率更高（6.0% vs 2.9%，领先3.1%），XPO, Inc.同比增速更快（4.7% vs 3.0%），过去两年XPO, Inc.的营收复合增速更高（-0.1% 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。
XPO Inc.（原XPO物流）是美国交通运输企业，主营北美区域零担货运业务，总部位于康涅狄格州格林尼治，全球共设592个运营网点。作为北美第二大零担货运服务商，其服务覆盖99%的美国邮政编码区域。
GAP vs XPO — 直观对比
营收规模更大
GAP
是对方的2.0倍
$2.0B
营收增速更快
XPO
高出1.7%
3.0%
净利率更高
GAP
高出3.1%
2.9%
两年增速更快
XPO
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.0B |
| 净利润 | $236.0M | $59.0M |
| 毛利率 | 42.4% | — |
| 营业利润率 | 8.5% | 7.1% |
| 净利率 | 6.0% | 2.9% |
| 营收同比 | 3.0% | 4.7% |
| 净利润同比 | -13.9% | -21.3% |
| 每股收益（稀释后） | $0.62 | $0.49 |
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GAPXPO
| Q4 25 | $3.9B | $2.0B | ||
| Q3 25 | $3.7B | $2.1B | ||
| Q2 25 | $3.5B | $2.1B | ||
| Q1 25 | $4.1B | $2.0B | ||
| Q4 24 | $3.8B | $1.9B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $4.3B | $2.0B |
净利润GAPXPO
| Q4 25 | $236.0M | $59.0M | ||
| Q3 25 | $216.0M | $82.0M | ||
| Q2 25 | $193.0M | $106.0M | ||
| Q1 25 | $206.0M | $69.0M | ||
| Q4 24 | $274.0M | $75.0M | ||
| Q3 24 | $206.0M | $95.0M | ||
| Q2 24 | $158.0M | $150.0M | ||
| Q1 24 | $185.0M | $67.0M |
毛利率GAPXPO
| 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% | — | ||
| Q1 24 | 38.9% | — |
营业利润率GAPXPO
| Q4 25 | 8.5% | 7.1% | ||
| Q3 25 | 7.8% | 7.8% | ||
| Q2 25 | 7.5% | 9.5% | ||
| Q1 25 | 6.2% | 7.7% | ||
| Q4 24 | 9.3% | 7.8% | ||
| Q3 24 | 7.9% | 8.6% | ||
| Q2 24 | 6.1% | 9.5% | ||
| Q1 24 | 5.0% | 6.8% |
净利率GAPXPO
| Q4 25 | 6.0% | 2.9% | ||
| Q3 25 | 5.8% | 3.9% | ||
| Q2 25 | 5.6% | 5.1% | ||
| Q1 25 | 5.0% | 3.5% | ||
| Q4 24 | 7.2% | 3.9% | ||
| Q3 24 | 5.5% | 4.6% | ||
| Q2 24 | 4.7% | 7.2% | ||
| Q1 24 | 4.3% | 3.3% |
每股收益（稀释后）GAPXPO
| Q4 25 | $0.62 | $0.49 | ||
| Q3 25 | $0.57 | $0.68 | ||
| Q2 25 | $0.51 | $0.89 | ||
| Q1 25 | $0.53 | $0.58 | ||
| Q4 24 | $0.72 | $0.63 | ||
| Q3 24 | $0.54 | $0.79 | ||
| Q2 24 | $0.41 | $1.25 | ||
| Q1 24 | $0.49 | $0.56 |
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 | $310.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $1.9B |
| 总资产 | $12.4B | $8.2B |
| 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GAPXPO
| Q4 25 | $2.5B | $310.0M | ||
| Q3 25 | $2.4B | $335.0M | ||
| Q2 25 | $2.2B | $225.0M | ||
| Q1 25 | $2.6B | $212.0M | ||
| Q4 24 | $2.2B | $246.0M | ||
| Q3 24 | $2.1B | $378.0M | ||
| Q2 24 | $1.7B | $250.0M | ||
| Q1 24 | $1.9B | $229.0M |
股东权益GAPXPO
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.3B | $1.8B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.3B |
总资产GAPXPO
| Q4 25 | $12.4B | $8.2B | ||
| Q3 25 | $12.1B | $8.2B | ||
| Q2 25 | $11.6B | $8.1B | ||
| Q1 25 | $11.9B | $7.9B | ||
| Q4 24 | $11.9B | $7.7B | ||
| Q3 24 | $11.5B | $7.9B | ||
| Q2 24 | $10.9B | $7.7B | ||
| Q1 24 | $11.0B | $7.6B |
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% | 5.3% |
| 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GAPXPO
| Q4 25 | $299.0M | — | ||
| Q3 25 | $448.0M | $371.0M | ||
| Q2 25 | $-140.0M | $247.0M | ||
| Q1 25 | $616.0M | $142.0M | ||
| Q4 24 | $291.0M | $189.0M | ||
| Q3 24 | $549.0M | $264.0M | ||
| Q2 24 | $30.0M | $210.0M | ||
| Q1 24 | $700.0M | $145.0M |
自由现金流GAPXPO
| Q4 25 | $153.0M | — | ||
| Q3 25 | $350.0M | $215.0M | ||
| Q2 25 | $-223.0M | $51.0M | ||
| Q1 25 | $499.0M | $-57.0M | ||
| Q4 24 | $143.0M | $23.0M | ||
| Q3 24 | $460.0M | $137.0M | ||
| Q2 24 | $-63.0M | $20.0M | ||
| Q1 24 | $568.0M | $-161.0M |
自由现金流率GAPXPO
| Q4 25 | 3.9% | — | ||
| Q3 25 | 9.4% | 10.2% | ||
| Q2 25 | -6.4% | 2.5% | ||
| Q1 25 | 12.0% | -2.9% | ||
| Q4 24 | 3.7% | 1.2% | ||
| Q3 24 | 12.4% | 6.7% | ||
| Q2 24 | -1.9% | 1.0% | ||
| Q1 24 | 13.2% | -8.0% |
资本支出强度GAPXPO
| Q4 25 | 3.7% | 5.3% | ||
| Q3 25 | 2.6% | 7.4% | ||
| Q2 25 | 2.4% | 9.4% | ||
| Q1 25 | 2.8% | 10.2% | ||
| Q4 24 | 3.9% | 8.6% | ||
| Q3 24 | 2.4% | 6.2% | ||
| Q2 24 | 2.7% | 9.1% | ||
| Q1 24 | 3.1% | 15.2% |
现金转化率GAPXPO
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.07× | 4.52× | ||
| Q2 25 | -0.73× | 2.33× | ||
| Q1 25 | 2.99× | 2.06× | ||
| Q4 24 | 1.06× | 2.52× | ||
| Q3 24 | 2.67× | 2.78× | ||
| Q2 24 | 0.19× | 1.40× | ||
| Q1 24 | 3.78× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
