vs
G III APPAREL GROUP LTD（GIII）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
G III APPAREL GROUP LTD的季度营收约是Cloudflare, Inc.的1.6倍（$988.6M vs $614.5M），G III APPAREL GROUP LTD净利率更高（8.2% vs -2.0%，领先10.1%），Cloudflare, Inc.同比增速更快（33.6% vs -9.0%），Cloudflare, Inc.自由现金流更多（$105.2M vs $-106.4M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 13.7%）
GIII服装集团是一家国际时尚企业，设计、生产及销售服装、鞋履、配饰等产品，拥有多个知名自有及授权品牌，覆盖休闲、运动、轻奢等多个品类，主要销往北美、欧洲等全球市场，合作客户包括百货商场、专业零售商及电商平台。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
GIII vs NET — 直观对比
营收规模更大
GIII
是对方的1.6倍
$614.5M
营收增速更快
NET
高出42.6%
-9.0%
净利率更高
GIII
高出10.1%
-2.0%
自由现金流更多
NET
多$211.7M
$-106.4M
两年增速更快
NET
近两年复合增速
13.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $988.6M | $614.5M |
| 净利润 | $80.6M | $-12.1M |
| 毛利率 | 38.6% | 73.6% |
| 营业利润率 | 11.4% | -8.0% |
| 净利率 | 8.2% | -2.0% |
| 营收同比 | -9.0% | 33.6% |
| 净利润同比 | -29.8% | 6.0% |
| 每股收益（稀释后） | $1.84 | $-0.03 |
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GIIINET
| Q4 25 | $988.6M | $614.5M | ||
| Q3 25 | $613.3M | $562.0M | ||
| Q2 25 | $583.6M | $512.3M | ||
| Q1 25 | $839.5M | $479.1M | ||
| Q4 24 | $1.1B | $459.9M | ||
| Q3 24 | $644.8M | $430.1M | ||
| Q2 24 | $609.7M | $401.0M | ||
| Q1 24 | $764.8M | $378.6M |
净利润GIIINET
| Q4 25 | $80.6M | $-12.1M | ||
| Q3 25 | $10.9M | $-1.3M | ||
| Q2 25 | $7.8M | $-50.4M | ||
| Q1 25 | $48.8M | $-38.5M | ||
| Q4 24 | $114.8M | $-12.8M | ||
| Q3 24 | $24.2M | $-15.3M | ||
| Q2 24 | $5.8M | $-15.1M | ||
| Q1 24 | $28.9M | $-35.5M |
毛利率GIIINET
| Q4 25 | 38.6% | 73.6% | ||
| Q3 25 | 40.8% | 74.0% | ||
| Q2 25 | 42.2% | 74.9% | ||
| Q1 25 | 39.5% | 75.9% | ||
| Q4 24 | 39.8% | 76.4% | ||
| Q3 24 | 42.8% | 77.7% | ||
| Q2 24 | 42.5% | 77.8% | ||
| Q1 24 | 36.9% | 77.5% |
营业利润率GIIINET
| Q4 25 | 11.4% | -8.0% | ||
| Q3 25 | 2.7% | -6.7% | ||
| Q2 25 | 1.5% | -13.1% | ||
| Q1 25 | 8.5% | -11.1% | ||
| Q4 24 | 15.3% | -7.5% | ||
| Q3 24 | 6.4% | -7.2% | ||
| Q2 24 | 2.2% | -8.7% | ||
| Q1 24 | 6.1% | -14.4% |
净利率GIIINET
| Q4 25 | 8.2% | -2.0% | ||
| Q3 25 | 1.8% | -0.2% | ||
| Q2 25 | 1.3% | -9.8% | ||
| Q1 25 | 5.8% | -8.0% | ||
| Q4 24 | 10.6% | -2.8% | ||
| Q3 24 | 3.8% | -3.6% | ||
| Q2 24 | 1.0% | -3.8% | ||
| Q1 24 | 3.8% | -9.4% |
每股收益（稀释后）GIIINET
| Q4 25 | $1.84 | $-0.03 | ||
| Q3 25 | $0.25 | $0.00 | ||
| Q2 25 | $0.17 | $-0.15 | ||
| Q1 25 | $1.00 | $-0.11 | ||
| Q4 24 | $2.55 | $-0.05 | ||
| Q3 24 | $0.53 | $-0.04 | ||
| Q2 24 | $0.12 | $-0.04 | ||
| Q1 24 | $0.59 | $-0.10 |
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 | $184.1M | $943.5M |
| 总债务越低越好 | $6.5M | — |
| 股东权益账面价值 | $1.8B | $1.5B |
| 总资产 | $2.8B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资GIIINET
| Q4 25 | $184.1M | $943.5M | ||
| Q3 25 | $301.8M | $1.1B | ||
| Q2 25 | $257.8M | $1.5B | ||
| Q1 25 | $181.4M | $204.5M | ||
| Q4 24 | $104.7M | $147.7M | ||
| Q3 24 | $414.8M | $182.9M | ||
| Q2 24 | $508.4M | $157.0M | ||
| Q1 24 | $507.8M | $254.4M |
总债务GIIINET
| Q4 25 | $6.5M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $213.9M | — | ||
| Q3 24 | $402.5M | — | ||
| Q2 24 | $402.7M | — | ||
| Q1 24 | $402.8M | — |
股东权益GIIINET
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.5B | $973.1M | ||
| Q2 24 | $1.5B | $881.5M | ||
| Q1 24 | $1.6B | $797.2M |
总资产GIIINET
| Q4 25 | $2.8B | $6.0B | ||
| Q3 25 | $2.7B | $5.8B | ||
| Q2 25 | $2.4B | $5.6B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $2.8B | $3.3B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $2.6B | $2.9B | ||
| Q1 24 | $2.7B | $2.8B |
负债/权益比GIIINET
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.26× | — |
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 | $-97.3M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $-106.4M | $105.2M |
| 自由现金流率自由现金流/营收 | -10.8% | 17.1% |
| 资本支出强度资本支出/营收 | 0.9% | 13.9% |
| 现金转化率经营现金流/净利润 | -1.21× | — |
| 过去12个月自由现金流最近4个季度 | $367.7M | $287.5M |
8季度趋势，按日历期对齐
经营现金流GIIINET
| Q4 25 | $-97.3M | $190.4M | ||
| Q3 25 | $75.1M | $167.1M | ||
| Q2 25 | $93.8M | $99.8M | ||
| Q1 25 | $333.4M | $145.8M | ||
| Q4 24 | $-111.8M | $127.3M | ||
| Q3 24 | $49.3M | $104.7M | ||
| Q2 24 | $45.5M | $74.8M | ||
| Q1 24 | $361.3M | $73.6M |
自由现金流GIIINET
| Q4 25 | $-106.4M | $105.2M | ||
| Q3 25 | $64.7M | $82.5M | ||
| Q2 25 | $85.7M | $39.9M | ||
| Q1 25 | $323.7M | $59.9M | ||
| Q4 24 | $-120.3M | $54.2M | ||
| Q3 24 | $38.8M | $54.5M | ||
| Q2 24 | $32.8M | $45.2M | ||
| Q1 24 | $352.3M | $41.5M |
自由现金流率GIIINET
| Q4 25 | -10.8% | 17.1% | ||
| Q3 25 | 10.6% | 14.7% | ||
| Q2 25 | 14.7% | 7.8% | ||
| Q1 25 | 38.6% | 12.5% | ||
| Q4 24 | -11.1% | 11.8% | ||
| Q3 24 | 6.0% | 12.7% | ||
| Q2 24 | 5.4% | 11.3% | ||
| Q1 24 | 46.1% | 11.0% |
资本支出强度GIIINET
| Q4 25 | 0.9% | 13.9% | ||
| Q3 25 | 1.7% | 15.1% | ||
| Q2 25 | 1.4% | 11.7% | ||
| Q1 25 | 1.2% | 17.9% | ||
| Q4 24 | 0.8% | 15.9% | ||
| Q3 24 | 1.6% | 11.7% | ||
| Q2 24 | 2.1% | 7.4% | ||
| Q1 24 | 1.2% | 8.5% |
现金转化率GIIINET
| Q4 25 | -1.21× | — | ||
| Q3 25 | 6.86× | — | ||
| Q2 25 | 12.09× | — | ||
| Q1 25 | 6.83× | — | ||
| Q4 24 | -0.97× | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 7.84× | — | ||
| Q1 24 | 12.52× | — |
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
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
