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通用磨坊（GIS）与Ulta Beauty（ULTA）财务数据对比。点击上方公司名可切换其他公司
通用磨坊的季度营收约是Ulta Beauty的1.7倍（$4.9B vs $2.9B），通用磨坊净利率更高（8.5% vs 8.1%，领先0.4%），Ulta Beauty同比增速更快（12.9% vs -7.2%），通用磨坊自由现金流更多（$675.7M vs $-81.6M），过去两年Ulta Beauty的营收复合增速更高（7.2% vs -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
Ulta Beauty是美国头部美妆连锁品牌，总部位于伊利诺伊州博林布鲁克，旗下门店在售商品覆盖高低端彩妆、香水、美甲、身体护理、美发产品及美妆工具等全品类美妆个护产品，每家门店均配备对外开放的美容沙龙，为消费者提供一站式美妆消费及服务体验。
GIS vs ULTA — 直观对比
营收规模更大
GIS
是对方的1.7倍
$2.9B
营收增速更快
ULTA
高出20.2%
-7.2%
净利率更高
GIS
高出0.4%
8.1%
自由现金流更多
GIS
多$757.3M
$-81.6M
两年增速更快
ULTA
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $2.9B |
| 净利润 | $413.0M | $230.9M |
| 毛利率 | 34.8% | 40.4% |
| 营业利润率 | 15.0% | 10.8% |
| 净利率 | 8.5% | 8.1% |
| 营收同比 | -7.2% | 12.9% |
| 净利润同比 | -48.1% | -4.7% |
| 每股收益（稀释后） | $0.78 | $5.14 |
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GISULTA
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $4.6B | $2.8B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $5.2B | $2.5B | ||
| Q3 24 | $4.8B | $2.6B | ||
| Q2 24 | $4.7B | $2.7B | ||
| Q1 24 | $5.1B | $3.6B |
净利润GISULTA
| Q4 25 | $413.0M | $230.9M | ||
| Q3 25 | $1.2B | $260.9M | ||
| Q2 25 | $294.0M | $305.1M | ||
| Q1 25 | $625.6M | — | ||
| Q4 24 | $795.7M | $242.2M | ||
| Q3 24 | $579.9M | $252.6M | ||
| Q2 24 | $557.5M | $313.1M | ||
| Q1 24 | $670.1M | $394.4M |
毛利率GISULTA
| Q4 25 | 34.8% | 40.4% | ||
| Q3 25 | 33.9% | 39.2% | ||
| Q2 25 | 32.4% | 39.1% | ||
| Q1 25 | 33.9% | — | ||
| Q4 24 | 36.9% | 39.7% | ||
| Q3 24 | 34.8% | 38.3% | ||
| Q2 24 | 35.8% | 39.2% | ||
| Q1 24 | 33.5% | 37.7% |
营业利润率GISULTA
| Q4 25 | 15.0% | 10.8% | ||
| Q3 25 | 38.2% | 12.4% | ||
| Q2 25 | 11.1% | 14.1% | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | 20.6% | 12.6% | ||
| Q3 24 | 17.2% | 12.9% | ||
| Q2 24 | 16.5% | 14.7% | ||
| Q1 24 | 17.9% | 14.5% |
净利率GISULTA
| Q4 25 | 8.5% | 8.1% | ||
| Q3 25 | 26.7% | 9.4% | ||
| Q2 25 | 6.5% | 10.7% | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | 15.2% | 9.6% | ||
| Q3 24 | 12.0% | 9.9% | ||
| Q2 24 | 11.8% | 11.5% | ||
| Q1 24 | 13.1% | 11.1% |
每股收益（稀释后）GISULTA
| Q4 25 | $0.78 | $5.14 | ||
| Q3 25 | $2.22 | $5.78 | ||
| Q2 25 | $0.53 | $6.70 | ||
| Q1 25 | $1.12 | — | ||
| Q4 24 | $1.42 | $5.14 | ||
| Q3 24 | $1.03 | $5.30 | ||
| Q2 24 | $0.98 | $6.47 | ||
| Q1 24 | $1.17 | $8.06 |
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 | $683.4M | $204.9M |
| 总债务越低越好 | $12.2B | — |
| 股东权益账面价值 | $9.3B | $2.6B |
| 总资产 | $32.5B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资GISULTA
| Q4 25 | $683.4M | $204.9M | ||
| Q3 25 | $952.9M | $242.7M | ||
| Q2 25 | $363.9M | $454.6M | ||
| Q1 25 | $521.3M | — | ||
| Q4 24 | $2.3B | $177.8M | ||
| Q3 24 | $468.1M | $414.0M | ||
| Q2 24 | $418.0M | $524.6M | ||
| Q1 24 | $588.6M | $766.6M |
总债务GISULTA
| Q4 25 | $12.2B | — | ||
| Q3 25 | $12.2B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $11.8B | — | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $11.4B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.0B | — |
股东权益GISULTA
| Q4 25 | $9.3B | $2.6B | ||
| Q3 25 | $9.5B | $2.6B | ||
| Q2 25 | $9.2B | $2.4B | ||
| Q1 25 | $9.3B | — | ||
| Q4 24 | $9.2B | $2.3B | ||
| Q3 24 | $9.3B | $2.3B | ||
| Q2 24 | $9.4B | $2.3B | ||
| Q1 24 | $9.4B | $2.3B |
总资产GISULTA
| Q4 25 | $32.5B | $7.0B | ||
| Q3 25 | $33.0B | $6.6B | ||
| Q2 25 | $33.1B | $6.0B | ||
| Q1 25 | $32.7B | — | ||
| Q4 24 | $33.4B | $6.0B | ||
| Q3 24 | $31.8B | $5.7B | ||
| Q2 24 | $31.5B | $5.6B | ||
| Q1 24 | $30.9B | $5.7B |
负债/权益比GISULTA
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.23× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.17× | — |
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 | $819.3M | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $675.7M | $-81.6M |
| 自由现金流率自由现金流/营收 | 13.9% | -2.9% |
| 资本支出强度资本支出/营收 | 3.0% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.98× | 0.02× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $-92.2M |
8季度趋势，按日历期对齐
经营现金流GISULTA
| Q4 25 | $819.3M | $5.6M | ||
| Q3 25 | $397.0M | $96.5M | ||
| Q2 25 | $611.6M | $220.0M | ||
| Q1 25 | $531.9M | — | ||
| Q4 24 | $1.2B | $-56.8M | ||
| Q3 24 | $624.2M | $199.5M | ||
| Q2 24 | $863.7M | $159.3M | ||
| Q1 24 | $943.1M | $1.1B |
自由现金流GISULTA
| Q4 25 | $675.7M | $-81.6M | ||
| Q3 25 | $287.5M | $19.6M | ||
| Q2 25 | $391.4M | $141.0M | ||
| Q1 25 | $428.0M | — | ||
| Q4 24 | $989.6M | $-171.1M | ||
| Q3 24 | $483.9M | $104.3M | ||
| Q2 24 | $575.2M | $68.3M | ||
| Q1 24 | $751.4M | $994.0M |
自由现金流率GISULTA
| Q4 25 | 13.9% | -2.9% | ||
| Q3 25 | 6.4% | 0.7% | ||
| Q2 25 | 8.6% | 4.9% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 18.9% | -6.8% | ||
| Q3 24 | 10.0% | 4.1% | ||
| Q2 24 | 12.2% | 2.5% | ||
| Q1 24 | 14.7% | 28.0% |
资本支出强度GISULTA
| Q4 25 | 3.0% | 3.1% | ||
| Q3 25 | 2.4% | 2.8% | ||
| Q2 25 | 4.8% | 2.8% | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 3.1% | 4.5% | ||
| Q3 24 | 2.9% | 3.7% | ||
| Q2 24 | 6.1% | 3.3% | ||
| Q1 24 | 3.8% | 3.5% |
现金转化率GISULTA
| Q4 25 | 1.98× | 0.02× | ||
| Q3 25 | 0.33× | 0.37× | ||
| Q2 25 | 2.08× | 0.72× | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 1.45× | -0.23× | ||
| Q3 24 | 1.08× | 0.79× | ||
| Q2 24 | 1.55× | 0.51× | ||
| Q1 24 | 1.41× | 2.84× |
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
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
ULTA
暂无分部数据
