vs
格罗方德（GFS）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是格罗方德的1.5倍（$2.5B vs $1.7B），泰佩思琦净利率更高（22.4% vs 14.8%，领先7.7%），泰佩思琦同比增速更快（14.0% vs -2.9%），过去两年泰佩思琦的营收复合增速更高（29.9% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
GFS vs TPR — 直观对比
营收规模更大
TPR
是对方的1.5倍
$1.7B
营收增速更快
TPR
高出16.9%
-2.9%
净利率更高
TPR
高出7.7%
14.8%
两年增速更快
TPR
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.5B |
| 净利润 | $249.0M | $561.3M |
| 毛利率 | 24.8% | 75.5% |
| 营业利润率 | 11.6% | 28.6% |
| 净利率 | 14.8% | 22.4% |
| 营收同比 | -2.9% | 14.0% |
| 净利润同比 | 39.9% | 80.8% |
| 每股收益（稀释后） | $0.44 | $2.68 |
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GFSTPR
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润GFSTPR
| Q4 25 | — | $561.3M | ||
| Q3 25 | $249.0M | $274.8M | ||
| Q2 25 | $228.0M | $-517.1M | ||
| Q1 25 | $211.0M | $203.3M | ||
| Q4 24 | — | $310.4M | ||
| Q3 24 | $178.0M | $186.6M | ||
| Q2 24 | $155.0M | $159.3M | ||
| Q1 24 | $134.0M | $139.4M |
毛利率GFSTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | 24.8% | 76.3% | ||
| Q2 25 | 24.2% | 76.3% | ||
| Q1 25 | 22.4% | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | 23.8% | 75.3% | ||
| Q2 24 | 24.2% | 74.9% | ||
| Q1 24 | 25.4% | 74.7% |
营业利润率GFSTPR
| Q4 25 | — | 28.6% | ||
| Q3 25 | 11.6% | 19.3% | ||
| Q2 25 | 11.6% | -33.9% | ||
| Q1 25 | 9.5% | 16.0% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | 10.6% | 16.7% | ||
| Q2 24 | 9.5% | 14.8% | ||
| Q1 24 | 9.5% | 13.8% |
净利率GFSTPR
| Q4 25 | — | 22.4% | ||
| Q3 25 | 14.8% | 16.1% | ||
| Q2 25 | 13.5% | -30.0% | ||
| Q1 25 | 13.3% | 12.8% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | 10.2% | 12.4% | ||
| Q2 24 | 9.5% | 10.0% | ||
| Q1 24 | 8.7% | 9.4% |
每股收益（稀释后）GFSTPR
| Q4 25 | — | $2.68 | ||
| Q3 25 | $0.44 | $1.28 | ||
| Q2 25 | $0.41 | $-2.30 | ||
| Q1 25 | $0.38 | $0.95 | ||
| Q4 24 | — | $1.38 | ||
| Q3 24 | $0.32 | $0.79 | ||
| Q2 24 | $0.28 | $0.67 | ||
| Q1 24 | $0.24 | $0.60 |
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 | $2.0B | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $11.8B | $551.2M |
| 总资产 | $16.7B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资GFSTPR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.0B | $743.2M | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $2.3B | $7.3B | ||
| Q2 24 | $2.2B | $7.2B | ||
| Q1 24 | $2.2B | $7.4B |
总债务GFSTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益GFSTPR
| Q4 25 | — | $551.2M | ||
| Q3 25 | $11.8B | $399.5M | ||
| Q2 25 | $11.5B | $857.8M | ||
| Q1 25 | $11.1B | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $11.6B | $3.0B | ||
| Q2 24 | $11.3B | $2.9B | ||
| Q1 24 | $11.3B | $2.8B |
总资产GFSTPR
| Q4 25 | — | $6.5B | ||
| Q3 25 | $16.7B | $6.4B | ||
| Q2 25 | $16.8B | $6.6B | ||
| Q1 25 | $16.5B | $7.3B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | $18.1B | $13.7B | ||
| Q2 24 | — | $13.4B | ||
| Q1 24 | — | $13.7B |
负债/权益比GFSTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $595.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 41.5% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 2.39× | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流GFSTPR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $595.0M | $112.6M | ||
| Q2 25 | $431.0M | $446.8M | ||
| Q1 25 | $331.0M | $144.3M | ||
| Q4 24 | — | $506.0M | ||
| Q3 24 | $375.0M | $119.5M | ||
| Q2 24 | $402.0M | $256.0M | ||
| Q1 24 | $488.0M | $97.8M |
自由现金流GFSTPR
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M | ||
| Q1 24 | — | $78.8M |
自由现金流率GFSTPR
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 5.3% |
资本支出强度GFSTPR
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.3% |
现金转化率GFSTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 2.39× | 0.41× | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | 2.11× | 0.64× | ||
| Q2 24 | 2.59× | 1.61× | ||
| Q1 24 | 3.64× | 0.70× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
