vs
Host Hotels & Resorts（HST）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Host Hotels & Resorts的1.6倍（$2.5B vs $1.6B），泰佩思琦净利率更高（22.4% vs 8.4%，领先14.0%），泰佩思琦同比增速更快（14.0% vs 12.3%），泰佩思琦自由现金流更多（$1.0B vs $445.0M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
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。
HST vs TPR — 直观对比
营收规模更大
TPR
是对方的1.6倍
$1.6B
营收增速更快
TPR
高出1.7%
12.3%
净利率更高
TPR
高出14.0%
8.4%
自由现金流更多
TPR
多$592.5M
$445.0M
两年增速更快
TPR
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.5B |
| 净利润 | $135.0M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | 12.0% | 28.6% |
| 净利率 | 8.4% | 22.4% |
| 营收同比 | 12.3% | 14.0% |
| 净利润同比 | 25.0% | 80.8% |
| 每股收益（稀释后） | $0.20 | $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HSTTPR
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润HSTTPR
| Q4 25 | $135.0M | $561.3M | ||
| Q3 25 | $161.0M | $274.8M | ||
| Q2 25 | $221.0M | $-517.1M | ||
| Q1 25 | $248.0M | $203.3M | ||
| Q4 24 | $108.0M | $310.4M | ||
| Q3 24 | $82.0M | $186.6M | ||
| Q2 24 | $239.0M | $159.3M | ||
| Q1 24 | $268.0M | $139.4M |
毛利率HSTTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
营业利润率HSTTPR
| Q4 25 | 12.0% | 28.6% | ||
| Q3 25 | 7.6% | 19.3% | ||
| Q2 25 | 17.5% | -33.9% | ||
| Q1 25 | 17.9% | 16.0% | ||
| Q4 24 | 11.0% | 22.4% | ||
| Q3 24 | 10.2% | 16.7% | ||
| Q2 24 | 19.9% | 14.8% | ||
| Q1 24 | 19.8% | 13.8% |
净利率HSTTPR
| Q4 25 | 8.4% | 22.4% | ||
| Q3 25 | 12.1% | 16.1% | ||
| Q2 25 | 13.9% | -30.0% | ||
| Q1 25 | 15.6% | 12.8% | ||
| Q4 24 | 7.6% | 14.1% | ||
| Q3 24 | 6.2% | 12.4% | ||
| Q2 24 | 16.3% | 10.0% | ||
| Q1 24 | 18.2% | 9.4% |
每股收益（稀释后）HSTTPR
| Q4 25 | $0.20 | $2.68 | ||
| Q3 25 | $0.23 | $1.28 | ||
| Q2 25 | $0.32 | $-2.30 | ||
| Q1 25 | $0.35 | $0.95 | ||
| Q4 24 | $0.15 | $1.38 | ||
| Q3 24 | $0.12 | $0.79 | ||
| Q2 24 | $0.34 | $0.67 | ||
| Q1 24 | $0.38 | $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 | $768.0M | $1.1B |
| 总债务越低越好 | $1.3B | $2.4B |
| 股东权益账面价值 | $6.6B | $551.2M |
| 总资产 | $13.0B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资HSTTPR
| Q4 25 | $768.0M | $1.1B | ||
| Q3 25 | $539.0M | $743.2M | ||
| Q2 25 | $490.0M | $1.1B | ||
| Q1 25 | $428.0M | $1.1B | ||
| Q4 24 | $554.0M | $1.0B | ||
| Q3 24 | $564.0M | $7.3B | ||
| Q2 24 | $805.0M | $7.2B | ||
| Q1 24 | $1.3B | $7.4B |
总债务HSTTPR
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $896.0M | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益HSTTPR
| Q4 25 | $6.6B | $551.2M | ||
| Q3 25 | $6.7B | $399.5M | ||
| Q2 25 | $6.6B | $857.8M | ||
| Q1 25 | $6.7B | $1.5B | ||
| Q4 24 | $6.6B | $1.3B | ||
| Q3 24 | $6.7B | $3.0B | ||
| Q2 24 | $6.8B | $2.9B | ||
| Q1 24 | $6.7B | $2.8B |
总资产HSTTPR
| Q4 25 | $13.0B | $6.5B | ||
| Q3 25 | $13.0B | $6.4B | ||
| Q2 25 | $13.0B | $6.6B | ||
| Q1 25 | $12.9B | $7.3B | ||
| Q4 24 | $13.0B | $7.3B | ||
| Q3 24 | $13.1B | $13.7B | ||
| Q2 24 | $12.4B | $13.4B | ||
| Q1 24 | $12.5B | $13.7B |
负债/权益比HSTTPR
| Q4 25 | 0.19× | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 0.14× | 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 | $543.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 27.8% | 41.5% |
| 资本支出强度资本支出/营收 | 6.1% | 1.7% |
| 现金转化率经营现金流/净利润 | 4.02× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.6B |
8季度趋势，按日历期对齐
经营现金流HSTTPR
| Q4 25 | $543.0M | $1.1B | ||
| Q3 25 | $218.0M | $112.6M | ||
| Q2 25 | $444.0M | $446.8M | ||
| Q1 25 | $305.0M | $144.3M | ||
| Q4 24 | $331.0M | $506.0M | ||
| Q3 24 | $349.0M | $119.5M | ||
| Q2 24 | $453.0M | $256.0M | ||
| Q1 24 | $365.0M | $97.8M |
自由现金流HSTTPR
| Q4 25 | $445.0M | $1.0B | ||
| Q3 25 | $143.0M | $80.2M | ||
| Q2 25 | $381.0M | $411.5M | ||
| Q1 25 | $259.0M | $113.4M | ||
| Q4 24 | $235.0M | $475.1M | ||
| Q3 24 | $262.0M | $93.9M | ||
| Q2 24 | $409.0M | $209.8M | ||
| Q1 24 | $332.0M | $78.8M |
自由现金流率HSTTPR
| Q4 25 | 27.8% | 41.5% | ||
| Q3 25 | 10.7% | 4.7% | ||
| Q2 25 | 24.0% | 23.9% | ||
| Q1 25 | 16.2% | 7.2% | ||
| Q4 24 | 16.5% | 21.6% | ||
| Q3 24 | 19.9% | 6.2% | ||
| Q2 24 | 27.9% | 13.2% | ||
| Q1 24 | 22.6% | 5.3% |
资本支出强度HSTTPR
| Q4 25 | 6.1% | 1.7% | ||
| Q3 25 | 5.6% | 1.9% | ||
| Q2 25 | 4.0% | 2.0% | ||
| Q1 25 | 2.9% | 2.0% | ||
| Q4 24 | 6.7% | 1.4% | ||
| Q3 24 | 6.6% | 1.7% | ||
| Q2 24 | 3.0% | 2.9% | ||
| Q1 24 | 2.2% | 1.3% |
现金转化率HSTTPR
| Q4 25 | 4.02× | 1.93× | ||
| Q3 25 | 1.35× | 0.41× | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | 1.23× | 0.71× | ||
| Q4 24 | 3.06× | 1.63× | ||
| Q3 24 | 4.26× | 0.64× | ||
| Q2 24 | 1.90× | 1.61× | ||
| Q1 24 | 1.36× | 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
HST
暂无分部数据
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
