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盖尔斯（GES）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是盖尔斯的1.3倍（$1.0B vs $791.4M），思佳讯净利率更高（7.6% vs 3.2%，领先4.4%），思佳讯同比增速更快（8.6% vs 7.2%），思佳讯自由现金流更多（$339.0M vs $-56.3M），过去两年思佳讯的营收复合增速更高（-0.5% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
GES vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.3倍
$791.4M
营收增速更快
SWKS
高出1.5%
7.2%
净利率更高
SWKS
高出4.4%
3.2%
自由现金流更多
SWKS
多$395.3M
$-56.3M
两年增速更快
SWKS
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $1.0B |
| 净利润 | $25.6M | $79.2M |
| 毛利率 | 42.5% | 41.3% |
| 营业利润率 | 2.9% | 10.0% |
| 净利率 | 3.2% | 7.6% |
| 营收同比 | 7.2% | 8.6% |
| 净利润同比 | 209.6% | 15.3% |
| 每股收益（稀释后） | $0.48 | $0.53 |
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GESSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $791.4M | $1.1B | ||
| Q3 25 | $772.9M | — | ||
| Q2 25 | $647.8M | $965.0M | ||
| Q1 25 | $932.3M | $953.2M | ||
| Q4 24 | $738.5M | $1.1B | ||
| Q3 24 | $732.6M | $1.0B | ||
| Q2 24 | $591.9M | $905.5M |
净利润GESSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $25.6M | $141.4M | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $-32.9M | $105.0M | ||
| Q1 25 | $81.4M | $68.7M | ||
| Q4 24 | $-23.4M | $162.0M | ||
| Q3 24 | $-10.6M | $60.5M | ||
| Q2 24 | $13.0M | $120.9M |
毛利率GESSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 42.5% | 40.7% | ||
| Q3 25 | 42.5% | — | ||
| Q2 25 | 39.9% | 41.6% | ||
| Q1 25 | 44.1% | 41.1% | ||
| Q4 24 | 43.6% | 41.4% | ||
| Q3 24 | 43.7% | 41.9% | ||
| Q2 24 | 41.9% | 40.2% |
营业利润率GESSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 2.9% | 10.1% | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | -5.1% | 11.5% | ||
| Q1 25 | 11.1% | 10.2% | ||
| Q4 24 | 5.7% | 16.9% | ||
| Q3 24 | 6.5% | 5.8% | ||
| Q2 24 | -3.4% | 14.4% |
净利率GESSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.2% | 12.9% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | -5.1% | 10.9% | ||
| Q1 25 | 8.7% | 7.2% | ||
| Q4 24 | -3.2% | 15.2% | ||
| Q3 24 | -1.4% | 5.9% | ||
| Q2 24 | 2.2% | 13.4% |
每股收益（稀释后）GESSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.48 | $0.95 | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $-0.65 | $0.70 | ||
| Q1 25 | $1.29 | $0.43 | ||
| Q4 24 | $-0.47 | $1.00 | ||
| Q3 24 | $-0.28 | $0.36 | ||
| Q2 24 | $0.23 | $0.75 |
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 | $154.2M | $1.6B |
| 总债务越低越好 | $299.5M | $496.6M |
| 股东权益账面价值 | $508.5M | $5.8B |
| 总资产 | $3.0B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资GESSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $154.2M | $1.4B | ||
| Q3 25 | $189.6M | — | ||
| Q2 25 | $151.2M | $1.3B | ||
| Q1 25 | $187.7M | $1.5B | ||
| Q4 24 | $140.9M | $1.7B | ||
| Q3 24 | $218.9M | $1.6B | ||
| Q2 24 | $241.7M | $1.3B |
总债务GESSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $299.5M | $496.4M | ||
| Q3 25 | $258.4M | — | ||
| Q2 25 | $241.7M | $496.2M | ||
| Q1 25 | $150.7M | $995.1M | ||
| Q4 24 | $238.3M | $994.7M | ||
| Q3 24 | $187.8M | $994.3M | ||
| Q2 24 | $196.9M | $994.0M |
股东权益GESSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $508.5M | $5.8B | ||
| Q3 25 | $487.6M | — | ||
| Q2 25 | $483.6M | $5.7B | ||
| Q1 25 | $505.0M | $5.9B | ||
| Q4 24 | $450.7M | $6.4B | ||
| Q3 24 | $491.2M | $6.3B | ||
| Q2 24 | $565.5M | $6.3B |
总资产GESSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $3.0B | $7.9B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.9B | $7.7B | ||
| Q1 25 | $2.8B | $7.9B | ||
| Q4 24 | $2.8B | $8.3B | ||
| Q3 24 | $2.8B | $8.3B | ||
| Q2 24 | $2.7B | $8.2B |
负债/权益比GESSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.59× | 0.09× | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.50× | 0.09× | ||
| Q1 25 | 0.30× | 0.17× | ||
| Q4 24 | 0.53× | 0.16× | ||
| Q3 24 | 0.38× | 0.16× | ||
| Q2 24 | 0.35× | 0.16× |
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 | $-39.5M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $339.0M |
| 自由现金流率自由现金流/营收 | -7.1% | 32.7% |
| 资本支出强度资本支出/营收 | 2.1% | 5.5% |
| 现金转化率经营现金流/净利润 | -1.54× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $62.5M | $1.1B |
8季度趋势，按日历期对齐
经营现金流GESSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $-39.5M | $200.0M | ||
| Q3 25 | $74.9M | — | ||
| Q2 25 | $-73.4M | $314.2M | ||
| Q1 25 | $183.2M | $409.4M | ||
| Q4 24 | $-83.3M | $377.2M | ||
| Q3 24 | $44.7M | $476.1M | ||
| Q2 24 | $-22.9M | $273.4M |
自由现金流GESSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-56.3M | $144.0M | ||
| Q3 25 | $53.4M | — | ||
| Q2 25 | $-95.3M | $252.7M | ||
| Q1 25 | $160.7M | $370.9M | ||
| Q4 24 | $-105.4M | $338.2M | ||
| Q3 24 | $24.3M | $393.3M | ||
| Q2 24 | $-44.0M | $249.0M |
自由现金流率GESSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | -7.1% | 13.1% | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | -14.7% | 26.2% | ||
| Q1 25 | 17.2% | 38.9% | ||
| Q4 24 | -14.3% | 31.7% | ||
| Q3 24 | 3.3% | 38.4% | ||
| Q2 24 | -7.4% | 27.5% |
资本支出强度GESSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.1% | 5.1% | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 3.4% | 6.4% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 3.0% | 3.6% | ||
| Q3 24 | 2.8% | 8.1% | ||
| Q2 24 | 3.6% | 2.7% |
现金转化率GESSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | -1.54× | 1.41× | ||
| Q3 25 | 12.00× | — | ||
| Q2 25 | — | 2.99× | ||
| Q1 25 | 2.25× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | -1.76× | 2.26× |
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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
