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INTERPARFUMS INC（IPAR）与VORNADO REALTY TRUST（VNO）财务数据对比。点击上方公司名可切换其他公司
VORNADO REALTY TRUST的季度营收约是INTERPARFUMS INC的1.2倍（$453.7M vs $386.2M），INTERPARFUMS INC净利率更高（7.3% vs 1.1%，领先6.2%），INTERPARFUMS INC同比增速更快（6.8% vs -0.9%），过去两年INTERPARFUMS INC的营收复合增速更高（9.2% vs 2.0%）
Inter Parfums Inc是全球知名的高端香水企业，开发、生产并销售多款授权香水、身体护理及相关美妆产品，与多家顶级奢侈时尚生活方式品牌合作推出联名香氛系列，产品覆盖全球主要市场，通过百货、美妆专营店及官方电商渠道触达消费者。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
IPAR vs VNO — 直观对比
营收规模更大
VNO
是对方的1.2倍
$386.2M
营收增速更快
IPAR
高出7.7%
-0.9%
净利率更高
IPAR
高出6.2%
1.1%
两年增速更快
IPAR
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.2M | $453.7M |
| 净利润 | $28.1M | $4.9M |
| 毛利率 | 61.5% | — |
| 营业利润率 | 7.1% | 2.8% |
| 净利率 | 7.3% | 1.1% |
| 营收同比 | 6.8% | -0.9% |
| 净利润同比 | 16.0% | -14.7% |
| 每股收益（稀释后） | $0.88 | $0.01 |
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IPARVNO
| Q4 25 | $386.2M | $453.7M | ||
| Q3 25 | $429.6M | $453.7M | ||
| Q2 25 | $333.9M | $441.4M | ||
| Q1 25 | $338.8M | $461.6M | ||
| Q4 24 | $361.5M | $457.8M | ||
| Q3 24 | $424.6M | $443.3M | ||
| Q2 24 | $342.2M | $450.3M | ||
| Q1 24 | $324.0M | $436.4M |
净利润IPARVNO
| Q4 25 | $28.1M | $4.9M | ||
| Q3 25 | $65.8M | $27.1M | ||
| Q2 25 | $32.0M | $759.3M | ||
| Q1 25 | $42.5M | $102.4M | ||
| Q4 24 | $24.2M | $5.8M | ||
| Q3 24 | $62.3M | $-3.6M | ||
| Q2 24 | $36.8M | $50.8M | ||
| Q1 24 | $41.0M | $6.5M |
毛利率IPARVNO
| Q4 25 | 61.5% | — | ||
| Q3 25 | 63.5% | — | ||
| Q2 25 | 66.2% | — | ||
| Q1 25 | 63.7% | — | ||
| Q4 24 | 64.5% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 64.5% | — | ||
| Q1 24 | 62.5% | — |
营业利润率IPARVNO
| Q4 25 | 7.1% | 2.8% | ||
| Q3 25 | 25.3% | 3.0% | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 22.2% | 23.2% | ||
| Q4 24 | 10.0% | 2.5% | ||
| Q3 24 | 25.0% | -3.3% | ||
| Q2 24 | 18.9% | 10.1% | ||
| Q1 24 | 21.0% | 0.1% |
净利率IPARVNO
| Q4 25 | 7.3% | 1.1% | ||
| Q3 25 | 15.3% | 6.0% | ||
| Q2 25 | 9.6% | 172.0% | ||
| Q1 25 | 12.5% | 22.2% | ||
| Q4 24 | 6.7% | 1.3% | ||
| Q3 24 | 14.7% | -0.8% | ||
| Q2 24 | 10.8% | 11.3% | ||
| Q1 24 | 12.7% | 1.5% |
每股收益（稀释后）IPARVNO
| Q4 25 | $0.88 | $0.01 | ||
| Q3 25 | $2.05 | $0.06 | ||
| Q2 25 | $0.99 | $3.70 | ||
| Q1 25 | $1.32 | $0.43 | ||
| Q4 24 | $0.78 | $0.01 | ||
| Q3 24 | $1.93 | $-0.10 | ||
| Q2 24 | $1.14 | $0.18 | ||
| Q1 24 | $1.27 | $-0.05 |
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 | $137.1M | $840.9M |
| 总债务越低越好 | $176.0M | $2.3B |
| 股东权益账面价值 | $880.7M | $6.0B |
| 总资产 | $1.6B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.20× | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资IPARVNO
| Q4 25 | $137.1M | $840.9M | ||
| Q3 25 | $77.5M | $1.0B | ||
| Q2 25 | $53.9M | $1.2B | ||
| Q1 25 | $75.3M | $568.9M | ||
| Q4 24 | $109.3M | $733.9M | ||
| Q3 24 | $78.8M | $783.6M | ||
| Q2 24 | $37.7M | $872.6M | ||
| Q1 24 | $76.1M | $892.7M |
总债务IPARVNO
| Q4 25 | $176.0M | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $157.3M | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.6B |
股东权益IPARVNO
| Q4 25 | $880.7M | $6.0B | ||
| Q3 25 | $870.9M | $6.1B | ||
| Q2 25 | $839.4M | $6.1B | ||
| Q1 25 | $788.6M | $5.3B | ||
| Q4 24 | $744.9M | $5.2B | ||
| Q3 24 | $778.5M | $5.3B | ||
| Q2 24 | $717.1M | $5.6B | ||
| Q1 24 | $708.1M | $5.5B |
总资产IPARVNO
| Q4 25 | $1.6B | $15.5B | ||
| Q3 25 | $1.6B | $15.7B | ||
| Q2 25 | $1.6B | $15.6B | ||
| Q1 25 | $1.4B | $15.6B | ||
| Q4 24 | $1.4B | $16.0B | ||
| Q3 24 | $1.5B | $16.1B | ||
| Q2 24 | $1.4B | $16.2B | ||
| Q1 24 | $1.3B | $16.2B |
负债/权益比IPARVNO
| Q4 25 | 0.20× | 0.38× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | 0.21× | 0.50× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.46× |
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 | $146.5M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $145.0M | — |
| 自由现金流率自由现金流/营收 | 37.5% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 5.21× | 256.08× |
| 过去12个月自由现金流最近4个季度 | $190.5M | — |
8季度趋势，按日历期对齐
经营现金流IPARVNO
| Q4 25 | $146.5M | $1.3B | ||
| Q3 25 | $63.9M | $33.2M | ||
| Q2 25 | $11.9M | $1.0B | ||
| Q1 25 | $-7.4M | $52.0M | ||
| Q4 24 | $138.0M | $537.7M | ||
| Q3 24 | $76.1M | $105.4M | ||
| Q2 24 | $25.5M | $194.7M | ||
| Q1 24 | $-52.0M | $31.5M |
自由现金流IPARVNO
| Q4 25 | $145.0M | — | ||
| Q3 25 | $57.6M | — | ||
| Q2 25 | $-3.3M | — | ||
| Q1 25 | $-8.8M | — | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $75.4M | — | ||
| Q2 24 | $24.4M | — | ||
| Q1 24 | $-53.0M | — |
自由现金流率IPARVNO
| Q4 25 | 37.5% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | -2.6% | — | ||
| Q4 24 | 37.7% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -16.4% | — |
资本支出强度IPARVNO
| Q4 25 | 0.4% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率IPARVNO
| Q4 25 | 5.21× | 256.08× | ||
| Q3 25 | 0.97× | 1.22× | ||
| Q2 25 | 0.37× | 1.35× | ||
| Q1 25 | -0.17× | 0.51× | ||
| Q4 24 | 5.69× | 93.39× | ||
| Q3 24 | 1.22× | — | ||
| Q2 24 | 0.69× | 3.83× | ||
| Q1 24 | -1.27× | 4.85× |
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
IPAR
| European Based Operations | $232.7M | 60% |
| United States Based Operations | $155.2M | 40% |
VNO
| New York Segment | $374.8M | 83% |
| Building Maintenance Service | $41.2M | 9% |
| Other | $27.7M | 6% |
| Tenant Services | $11.1M | 2% |
| Management And Leasing Fees | $2.6M | 1% |
