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景顺（IVZ）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景顺的1.5倍（$2.5B vs $1.7B），泰佩思琦净利率更高（22.4% vs -58.9%，领先81.3%），泰佩思琦同比增速更快（14.0% vs 6.2%），泰佩思琦自由现金流更多（$1.0B vs $432.2M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 7.1%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
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。
IVZ vs TPR — 直观对比
营收规模更大
TPR
是对方的1.5倍
$1.7B
营收增速更快
TPR
高出7.8%
6.2%
净利率更高
TPR
高出81.3%
-58.9%
自由现金流更多
TPR
多$605.3M
$432.2M
两年增速更快
TPR
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.5B |
| 净利润 | $-995.9M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | -86.2% | 28.6% |
| 净利率 | -58.9% | 22.4% |
| 营收同比 | 6.2% | 14.0% |
| 净利润同比 | -575.8% | 80.8% |
| 每股收益（稀释后） | $-2.61 | $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IVZTPR
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
净利润IVZTPR
| Q4 25 | $-995.9M | $561.3M | ||
| Q3 25 | $356.4M | $274.8M | ||
| Q2 25 | $197.4M | $-517.1M | ||
| Q1 25 | $171.1M | $203.3M | ||
| Q4 24 | $209.3M | $310.4M | ||
| Q3 24 | $55.0M | $186.6M | ||
| Q2 24 | $132.2M | $159.3M | ||
| Q1 24 | $141.5M | $139.4M |
毛利率IVZTPR
| 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IVZTPR
| Q4 25 | -86.2% | 28.6% | ||
| Q3 25 | 16.5% | 19.3% | ||
| Q2 25 | 14.1% | -33.9% | ||
| Q1 25 | 18.1% | 16.0% | ||
| Q4 24 | 19.6% | 22.4% | ||
| Q3 24 | 6.6% | 16.7% | ||
| Q2 24 | 13.9% | 14.8% | ||
| Q1 24 | 14.4% | 13.8% |
净利率IVZTPR
| Q4 25 | -58.9% | 22.4% | ||
| Q3 25 | 21.7% | 16.1% | ||
| Q2 25 | 13.0% | -30.0% | ||
| Q1 25 | 11.2% | 12.8% | ||
| Q4 24 | 13.1% | 14.1% | ||
| Q3 24 | 3.6% | 12.4% | ||
| Q2 24 | 8.9% | 10.0% | ||
| Q1 24 | 9.6% | 9.4% |
每股收益（稀释后）IVZTPR
| Q4 25 | $-2.61 | $2.68 | ||
| Q3 25 | $0.66 | $1.28 | ||
| Q2 25 | $-0.03 | $-2.30 | ||
| Q1 25 | $0.38 | $0.95 | ||
| Q4 24 | $0.46 | $1.38 | ||
| Q3 24 | $0.12 | $0.79 | ||
| Q2 24 | $0.29 | $0.67 | ||
| Q1 24 | $0.31 | $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 | $1.0B | $1.1B |
| 总债务越低越好 | $1.8B | $2.4B |
| 股东权益账面价值 | $12.2B | $551.2M |
| 总资产 | $27.1B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.15× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资IVZTPR
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $973.1M | $743.2M | ||
| Q2 25 | $922.7M | $1.1B | ||
| Q1 25 | $821.7M | $1.1B | ||
| Q4 24 | $986.5M | $1.0B | ||
| Q3 24 | $1.0B | $7.3B | ||
| Q2 24 | $878.5M | $7.2B | ||
| Q1 24 | $895.7M | $7.4B |
总债务IVZTPR
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $964.8M | $2.4B | ||
| Q4 24 | $890.6M | $2.4B | ||
| Q3 24 | $890.3M | $7.0B | ||
| Q2 24 | $890.1M | $6.9B | ||
| Q1 24 | $1.3B | $7.7B |
股东权益IVZTPR
| Q4 25 | $12.2B | $551.2M | ||
| Q3 25 | $14.0B | $399.5M | ||
| Q2 25 | $13.9B | $857.8M | ||
| Q1 25 | $14.7B | $1.5B | ||
| Q4 24 | $14.6B | $1.3B | ||
| Q3 24 | $14.8B | $3.0B | ||
| Q2 24 | $14.6B | $2.9B | ||
| Q1 24 | $14.6B | $2.8B |
总资产IVZTPR
| Q4 25 | $27.1B | $6.5B | ||
| Q3 25 | $28.4B | $6.4B | ||
| Q2 25 | $28.5B | $6.6B | ||
| Q1 25 | $28.1B | $7.3B | ||
| Q4 24 | $27.0B | $7.3B | ||
| Q3 24 | $27.5B | $13.7B | ||
| Q2 24 | $27.2B | $13.4B | ||
| Q1 24 | $28.1B | $13.7B |
负债/权益比IVZTPR
| Q4 25 | 0.15× | 4.32× | ||
| Q3 25 | 0.12× | 5.95× | ||
| Q2 25 | 0.14× | 2.77× | ||
| Q1 25 | 0.07× | 1.59× | ||
| Q4 24 | 0.06× | 1.78× | ||
| Q3 24 | 0.06× | 2.35× | ||
| Q2 24 | 0.06× | 2.39× | ||
| Q1 24 | 0.09× | 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 | $455.8M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $1.0B |
| 自由现金流率自由现金流/营收 | 25.5% | 41.5% |
| 资本支出强度资本支出/营收 | 1.4% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.6B |
8季度趋势，按日历期对齐
经营现金流IVZTPR
| Q4 25 | $455.8M | $1.1B | ||
| Q3 25 | $606.2M | $112.6M | ||
| Q2 25 | $547.9M | $446.8M | ||
| Q1 25 | $-84.6M | $144.3M | ||
| Q4 24 | $316.9M | $506.0M | ||
| Q3 24 | $438.4M | $119.5M | ||
| Q2 24 | $489.1M | $256.0M | ||
| Q1 24 | $-54.4M | $97.8M |
自由现金流IVZTPR
| Q4 25 | $432.2M | $1.0B | ||
| Q3 25 | $586.4M | $80.2M | ||
| Q2 25 | $530.4M | $411.5M | ||
| Q1 25 | $-108.0M | $113.4M | ||
| Q4 24 | $309.9M | $475.1M | ||
| Q3 24 | $410.0M | $93.9M | ||
| Q2 24 | $462.4M | $209.8M | ||
| Q1 24 | $-75.4M | $78.8M |
自由现金流率IVZTPR
| Q4 25 | 25.5% | 41.5% | ||
| Q3 25 | 35.7% | 4.7% | ||
| Q2 25 | 35.0% | 23.9% | ||
| Q1 25 | -7.1% | 7.2% | ||
| Q4 24 | 19.5% | 21.6% | ||
| Q3 24 | 27.1% | 6.2% | ||
| Q2 24 | 31.2% | 13.2% | ||
| Q1 24 | -5.1% | 5.3% |
资本支出强度IVZTPR
| Q4 25 | 1.4% | 1.7% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 1.2% | 2.0% | ||
| Q1 25 | 1.5% | 2.0% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 1.8% | 2.9% | ||
| Q1 24 | 1.4% | 1.3% |
现金转化率IVZTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 1.70× | 0.41× | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | -0.49× | 0.71× | ||
| Q4 24 | 1.51× | 1.63× | ||
| Q3 24 | 7.97× | 0.64× | ||
| Q2 24 | 3.70× | 1.61× | ||
| Q1 24 | -0.38× | 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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
