vs
Host Hotels & Resorts（HST）与李维斯（LEVI）财务数据对比。点击上方公司名可切换其他公司
李维斯的季度营收约是Host Hotels & Resorts的1.1倍（$1.8B vs $1.6B），李维斯净利率更高（8.9% vs 8.4%，领先0.5%），Host Hotels & Resorts同比增速更快（12.3% vs -4.0%），Host Hotels & Resorts自由现金流更多（$445.0M vs $215.7M），过去两年李维斯的营收复合增速更高（6.5% vs 4.4%）
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
HST vs LEVI — 直观对比
营收规模更大
LEVI
是对方的1.1倍
$1.6B
营收增速更快
HST
高出16.3%
-4.0%
净利率更高
LEVI
高出0.5%
8.4%
自由现金流更多
HST
多$229.3M
$215.7M
两年增速更快
LEVI
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $135.0M | $158.0M |
| 毛利率 | — | 60.8% |
| 营业利润率 | 12.0% | 11.9% |
| 净利率 | 8.4% | 8.9% |
| 营收同比 | 12.3% | -4.0% |
| 净利润同比 | 25.0% | -13.4% |
| 每股收益（稀释后） | $0.20 | $0.39 |
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HSTLEVI
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.6B |
净利润HSTLEVI
| Q4 25 | $135.0M | $158.0M | ||
| Q3 25 | $161.0M | $218.1M | ||
| Q2 25 | $221.0M | $67.0M | ||
| Q1 25 | $248.0M | $135.0M | ||
| Q4 24 | $108.0M | $182.5M | ||
| Q3 24 | $82.0M | $20.7M | ||
| Q2 24 | $239.0M | $18.0M | ||
| Q1 24 | $268.0M | $-10.6M |
毛利率HSTLEVI
| Q4 25 | — | 60.8% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | — | 62.6% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.5% | ||
| Q1 24 | — | 58.2% |
营业利润率HSTLEVI
| Q4 25 | 12.0% | 11.9% | ||
| Q3 25 | 7.6% | 10.8% | ||
| Q2 25 | 17.5% | 7.5% | ||
| Q1 25 | 17.9% | 12.5% | ||
| Q4 24 | 11.0% | 11.5% | ||
| Q3 24 | 10.2% | 2.0% | ||
| Q2 24 | 19.9% | 1.5% | ||
| Q1 24 | 19.8% | -0.0% |
净利率HSTLEVI
| Q4 25 | 8.4% | 8.9% | ||
| Q3 25 | 12.1% | 14.1% | ||
| Q2 25 | 13.9% | 4.6% | ||
| Q1 25 | 15.6% | 8.8% | ||
| Q4 24 | 7.6% | 9.9% | ||
| Q3 24 | 6.2% | 1.4% | ||
| Q2 24 | 16.3% | 1.2% | ||
| Q1 24 | 18.2% | -0.7% |
每股收益（稀释后）HSTLEVI
| Q4 25 | $0.20 | $0.39 | ||
| Q3 25 | $0.23 | $0.55 | ||
| Q2 25 | $0.32 | $0.17 | ||
| Q1 25 | $0.35 | $0.34 | ||
| Q4 24 | $0.15 | $0.46 | ||
| Q3 24 | $0.12 | $0.05 | ||
| Q2 24 | $0.34 | $0.04 | ||
| Q1 24 | $0.38 | $-0.03 |
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 | $768.0M | $848.8M |
| 总债务越低越好 | $1.3B | $1.1B |
| 股东权益账面价值 | $6.6B | $2.3B |
| 总资产 | $13.0B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资HSTLEVI
| Q4 25 | $768.0M | $848.8M | ||
| Q3 25 | $539.0M | $707.5M | ||
| Q2 25 | $490.0M | $736.7M | ||
| Q1 25 | $428.0M | $574.4M | ||
| Q4 24 | $554.0M | $690.0M | ||
| Q3 24 | $564.0M | $577.1M | ||
| Q2 24 | $805.0M | $641.4M | ||
| Q1 24 | $1.3B | $516.7M |
总债务HSTLEVI
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $987.4M | ||
| Q4 24 | $896.0M | $994.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益HSTLEVI
| Q4 25 | $6.6B | $2.3B | ||
| Q3 25 | $6.7B | $2.2B | ||
| Q2 25 | $6.6B | $2.1B | ||
| Q1 25 | $6.7B | $2.0B | ||
| Q4 24 | $6.6B | $2.0B | ||
| Q3 24 | $6.7B | $1.9B | ||
| Q2 24 | $6.8B | $2.0B | ||
| Q1 24 | $6.7B | $2.0B |
总资产HSTLEVI
| Q4 25 | $13.0B | $6.8B | ||
| Q3 25 | $13.0B | $6.7B | ||
| Q2 25 | $13.0B | $6.5B | ||
| Q1 25 | $12.9B | $6.2B | ||
| Q4 24 | $13.0B | $6.4B | ||
| Q3 24 | $13.1B | $6.3B | ||
| Q2 24 | $12.4B | $6.2B | ||
| Q1 24 | $12.5B | $6.0B |
负债/权益比HSTLEVI
| Q4 25 | 0.19× | 0.46× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 0.14× | 0.50× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.51× |
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 | $543.0M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $215.7M |
| 自由现金流率自由现金流/营收 | 27.8% | 12.2% |
| 资本支出强度资本支出/营收 | 6.1% | 2.9% |
| 现金转化率经营现金流/净利润 | 4.02× | 1.69× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $308.2M |
8季度趋势，按日历期对齐
经营现金流HSTLEVI
| Q4 25 | $543.0M | $266.8M | ||
| Q3 25 | $218.0M | $24.8M | ||
| Q2 25 | $444.0M | $185.5M | ||
| Q1 25 | $305.0M | $52.5M | ||
| Q4 24 | $331.0M | $297.3M | ||
| Q3 24 | $349.0M | $52.3M | ||
| Q2 24 | $453.0M | $262.8M | ||
| Q1 24 | $365.0M | $286.0M |
自由现金流HSTLEVI
| Q4 25 | $445.0M | $215.7M | ||
| Q3 25 | $143.0M | $-39.4M | ||
| Q2 25 | $381.0M | $146.0M | ||
| Q1 25 | $259.0M | $-14.1M | ||
| Q4 24 | $235.0M | $231.6M | ||
| Q3 24 | $262.0M | $2.3M | ||
| Q2 24 | $409.0M | $222.6M | ||
| Q1 24 | $332.0M | $214.4M |
自由现金流率HSTLEVI
| Q4 25 | 27.8% | 12.2% | ||
| Q3 25 | 10.7% | -2.6% | ||
| Q2 25 | 24.0% | 10.1% | ||
| Q1 25 | 16.2% | -0.9% | ||
| Q4 24 | 16.5% | 12.6% | ||
| Q3 24 | 19.9% | 0.2% | ||
| Q2 24 | 27.9% | 15.4% | ||
| Q1 24 | 22.6% | 13.8% |
资本支出强度HSTLEVI
| Q4 25 | 6.1% | 2.9% | ||
| Q3 25 | 5.6% | 4.2% | ||
| Q2 25 | 4.0% | 2.7% | ||
| Q1 25 | 2.9% | 4.4% | ||
| Q4 24 | 6.7% | 3.6% | ||
| Q3 24 | 6.6% | 3.3% | ||
| Q2 24 | 3.0% | 2.8% | ||
| Q1 24 | 2.2% | 4.6% |
现金转化率HSTLEVI
| Q4 25 | 4.02× | 1.69× | ||
| Q3 25 | 1.35× | 0.11× | ||
| Q2 25 | 2.01× | 2.77× | ||
| Q1 25 | 1.23× | 0.39× | ||
| Q4 24 | 3.06× | 1.63× | ||
| Q3 24 | 4.26× | 2.53× | ||
| Q2 24 | 1.90× | 14.60× | ||
| Q1 24 | 1.36× | — |
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
HST
暂无分部数据
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
