vs
盖璞（GAP）与赛莱默（XYL）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赛莱默的1.9倍（$3.9B vs $2.1B），赛莱默净利率更高（8.9% vs 6.0%，领先2.9%），盖璞同比增速更快（3.0% vs 2.7%），过去两年赛莱默的营收复合增速更高（-1.0% 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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
GAP vs XYL — 直观对比
营收规模更大
GAP
是对方的1.9倍
$2.1B
营收增速更快
GAP
高出0.2%
2.7%
净利率更高
XYL
高出2.9%
6.0%
两年增速更快
XYL
近两年复合增速
-4.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.1B |
| 净利润 | $236.0M | $189.0M |
| 毛利率 | 42.4% | 37.8% |
| 营业利润率 | 8.5% | 11.5% |
| 净利率 | 6.0% | 8.9% |
| 营收同比 | 3.0% | 2.7% |
| 净利润同比 | -13.9% | 13.2% |
| 每股收益（稀释后） | $0.62 | $0.79 |
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GAPXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.9B | $2.4B | ||
| Q3 25 | $3.7B | $2.3B | ||
| Q2 25 | $3.5B | $2.3B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.4B | $2.2B |
净利润GAPXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $236.0M | $335.0M | ||
| Q3 25 | $216.0M | $227.0M | ||
| Q2 25 | $193.0M | $226.0M | ||
| Q1 25 | $206.0M | $169.0M | ||
| Q4 24 | $274.0M | $326.0M | ||
| Q3 24 | $206.0M | $217.0M | ||
| Q2 24 | $158.0M | $194.0M |
毛利率GAPXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 42.4% | 38.9% | ||
| Q3 25 | 41.2% | 38.9% | ||
| Q2 25 | 41.8% | 38.8% | ||
| Q1 25 | 38.9% | 37.1% | ||
| Q4 24 | 42.7% | 38.0% | ||
| Q3 24 | 42.6% | 37.3% | ||
| Q2 24 | 41.2% | 37.8% |
营业利润率GAPXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 8.5% | 14.7% | ||
| Q3 25 | 7.8% | 14.7% | ||
| Q2 25 | 7.5% | 13.3% | ||
| Q1 25 | 6.2% | 11.2% | ||
| Q4 24 | 9.3% | 11.8% | ||
| Q3 24 | 7.9% | 13.3% | ||
| Q2 24 | 6.1% | 11.7% |
净利率GAPXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 6.0% | 14.0% | ||
| Q3 25 | 5.8% | 10.0% | ||
| Q2 25 | 5.6% | 9.8% | ||
| Q1 25 | 5.0% | 8.2% | ||
| Q4 24 | 7.2% | 14.5% | ||
| Q3 24 | 5.5% | 10.3% | ||
| Q2 24 | 4.7% | 8.9% |
每股收益（稀释后）GAPXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $0.62 | $1.37 | ||
| Q3 25 | $0.57 | $0.93 | ||
| Q2 25 | $0.51 | $0.93 | ||
| Q1 25 | $0.53 | $0.69 | ||
| Q4 24 | $0.72 | $1.33 | ||
| Q3 24 | $0.54 | $0.89 | ||
| Q2 24 | $0.41 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $3.6B | $11.0B |
| 总资产 | $12.4B | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资GAPXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.1B | $989.0M | ||
| Q2 24 | $1.7B | $815.0M |
总债务GAPXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GAPXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $3.6B | $11.5B | ||
| Q3 25 | $3.4B | $11.2B | ||
| Q2 25 | $3.3B | $11.1B | ||
| Q1 25 | $3.3B | $10.8B | ||
| Q4 24 | $3.1B | $10.6B | ||
| Q3 24 | $2.9B | $10.6B | ||
| Q2 24 | $2.7B | $10.3B |
总资产GAPXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $12.4B | $17.6B | ||
| Q3 25 | $12.1B | $17.3B | ||
| Q2 25 | $11.6B | $17.2B | ||
| Q1 25 | $11.9B | $16.6B | ||
| Q4 24 | $11.9B | $16.5B | ||
| Q3 24 | $11.5B | $16.0B | ||
| Q2 24 | $10.9B | $15.8B |
负债/权益比GAPXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% | 4.2% |
| 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GAPXYL
| Q1 26 | — | — | ||
| Q4 25 | $299.0M | $543.0M | ||
| Q3 25 | $448.0M | $360.0M | ||
| Q2 25 | $-140.0M | $305.0M | ||
| Q1 25 | $616.0M | $33.0M | ||
| Q4 24 | $291.0M | $575.0M | ||
| Q3 24 | $549.0M | $311.0M | ||
| Q2 24 | $30.0M | $288.0M |
自由现金流GAPXYL
| Q1 26 | — | — | ||
| Q4 25 | $153.0M | $460.0M | ||
| Q3 25 | $350.0M | $281.0M | ||
| Q2 25 | $-223.0M | $207.0M | ||
| Q1 25 | $499.0M | $-38.0M | ||
| Q4 24 | $143.0M | $475.0M | ||
| Q3 24 | $460.0M | $237.0M | ||
| Q2 24 | $-63.0M | $215.0M |
自由现金流率GAPXYL
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 19.2% | ||
| Q3 25 | 9.4% | 12.4% | ||
| Q2 25 | -6.4% | 9.0% | ||
| Q1 25 | 12.0% | -1.8% | ||
| Q4 24 | 3.7% | 21.1% | ||
| Q3 24 | 12.4% | 11.3% | ||
| Q2 24 | -1.9% | 9.9% |
资本支出强度GAPXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.7% | 3.5% | ||
| Q3 25 | 2.6% | 3.5% | ||
| Q2 25 | 2.4% | 4.3% | ||
| Q1 25 | 2.8% | 3.4% | ||
| Q4 24 | 3.9% | 4.4% | ||
| Q3 24 | 2.4% | 3.5% | ||
| Q2 24 | 2.7% | 3.4% |
现金转化率GAPXYL
| Q1 26 | — | — | ||
| Q4 25 | 1.27× | 1.62× | ||
| Q3 25 | 2.07× | 1.59× | ||
| Q2 25 | -0.73× | 1.35× | ||
| Q1 25 | 2.99× | 0.20× | ||
| Q4 24 | 1.06× | 1.76× | ||
| Q3 24 | 2.67× | 1.43× | ||
| Q2 24 | 0.19× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
