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Kontoor Brands, Inc.（KTB）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是Kontoor Brands, Inc.的1.0倍（$883.8M vs $853.2M），Kontoor Brands, Inc.净利率更高（4.3% vs 4.1%，领先0.2%），Kontoor Brands, Inc.同比增速更快（27.3% vs 8.9%），RH自由现金流更多（$83.0M vs $55.8M），过去两年Kontoor Brands, Inc.的营收复合增速更高（14.2% vs 9.4%）
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
KTB vs RH — 直观对比
营收规模更大
RH
是对方的1.0倍
$853.2M
营收增速更快
KTB
高出18.4%
8.9%
净利率更高
KTB
高出0.2%
4.1%
自由现金流更多
RH
多$27.3M
$55.8M
两年增速更快
KTB
近两年复合增速
9.4%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $883.8M |
| 净利润 | $36.9M | $36.3M |
| 毛利率 | 41.3% | 44.1% |
| 营业利润率 | 7.5% | 12.0% |
| 净利率 | 4.3% | 4.1% |
| 营收同比 | 27.3% | 8.9% |
| 净利润同比 | -47.6% | 9.3% |
| 每股收益（稀释后） | $0.66 | $1.83 |
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KTBRH
| Q4 25 | — | $883.8M | ||
| Q3 25 | $853.2M | $899.2M | ||
| Q2 25 | $658.3M | $814.0M | ||
| Q1 25 | $622.9M | $812.4M | ||
| Q4 24 | $699.3M | $811.7M | ||
| Q3 24 | $670.2M | $829.7M | ||
| Q2 24 | $606.9M | $727.0M | ||
| Q1 24 | $631.2M | $738.3M |
净利润KTBRH
| Q4 25 | — | $36.3M | ||
| Q3 25 | $36.9M | $51.7M | ||
| Q2 25 | $73.9M | $8.0M | ||
| Q1 25 | $42.9M | $13.9M | ||
| Q4 24 | $64.0M | $33.2M | ||
| Q3 24 | $70.5M | $29.0M | ||
| Q2 24 | $51.8M | $-3.6M | ||
| Q1 24 | $59.5M | $11.4M |
毛利率KTBRH
| Q4 25 | — | 44.1% | ||
| Q3 25 | 41.3% | 45.5% | ||
| Q2 25 | 46.3% | 43.7% | ||
| Q1 25 | 47.5% | 44.7% | ||
| Q4 24 | 43.7% | 44.5% | ||
| Q3 24 | 44.7% | 45.2% | ||
| Q2 24 | 44.7% | 43.5% | ||
| Q1 24 | 45.2% | 43.5% |
营业利润率KTBRH
| Q4 25 | — | 12.0% | ||
| Q3 25 | 7.5% | 14.3% | ||
| Q2 25 | 11.9% | 6.9% | ||
| Q1 25 | 11.8% | 8.7% | ||
| Q4 24 | 12.1% | 12.5% | ||
| Q3 24 | 14.7% | 11.6% | ||
| Q2 24 | 12.4% | 7.5% | ||
| Q1 24 | 13.4% | 8.7% |
净利率KTBRH
| Q4 25 | — | 4.1% | ||
| Q3 25 | 4.3% | 5.8% | ||
| Q2 25 | 11.2% | 1.0% | ||
| Q1 25 | 6.9% | 1.7% | ||
| Q4 24 | 9.1% | 4.1% | ||
| Q3 24 | 10.5% | 3.5% | ||
| Q2 24 | 8.5% | -0.5% | ||
| Q1 24 | 9.4% | 1.5% |
每股收益（稀释后）KTBRH
| Q4 25 | — | $1.83 | ||
| Q3 25 | $0.66 | $2.62 | ||
| Q2 25 | $1.32 | $0.40 | ||
| Q1 25 | $0.76 | $0.71 | ||
| Q4 24 | $1.13 | $1.66 | ||
| Q3 24 | $1.26 | $1.45 | ||
| Q2 24 | $0.92 | $-0.20 | ||
| Q1 24 | $1.05 | $0.91 |
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 | $82.4M | $43.1M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $529.6M | $3.3M |
| 总资产 | $2.9B | $4.8B |
| 负债/权益比越低杠杆越低 | 2.53× | — |
8季度趋势，按日历期对齐
现金及短期投资KTBRH
| Q4 25 | — | $43.1M | ||
| Q3 25 | $82.4M | $34.6M | ||
| Q2 25 | $107.5M | $46.1M | ||
| Q1 25 | $356.7M | $30.4M | ||
| Q4 24 | $334.1M | $87.0M | ||
| Q3 24 | $269.4M | $78.3M | ||
| Q2 24 | $224.3M | $101.8M | ||
| Q1 24 | $215.1M | $123.7M |
总债务KTBRH
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $735.6M | — | ||
| Q4 24 | $740.3M | — | ||
| Q3 24 | $745.0M | — | ||
| Q2 24 | $749.7M | — | ||
| Q1 24 | $779.2M | — |
股东权益KTBRH
| Q4 25 | — | $3.3M | ||
| Q3 25 | $529.6M | $-40.9M | ||
| Q2 25 | $498.3M | $-110.8M | ||
| Q1 25 | $426.7M | $-163.6M | ||
| Q4 24 | $400.1M | $-183.0M | ||
| Q3 24 | $356.9M | $-234.7M | ||
| Q2 24 | $367.2M | $-289.9M | ||
| Q1 24 | $387.2M | $-297.4M |
总资产KTBRH
| Q4 25 | — | $4.8B | ||
| Q3 25 | $2.9B | $4.7B | ||
| Q2 25 | $2.7B | $4.7B | ||
| Q1 25 | $1.7B | $4.6B | ||
| Q4 24 | $1.7B | $4.5B | ||
| Q3 24 | $1.7B | $4.4B | ||
| Q2 24 | $1.6B | $4.2B | ||
| Q1 24 | $1.7B | $4.1B |
负债/权益比KTBRH
| Q4 25 | — | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | 1.72× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 2.09× | — | ||
| Q2 24 | 2.04× | — | ||
| Q1 24 | 2.01× | — |
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 | $64.1M | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $83.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 9.4% |
| 资本支出强度资本支出/营收 | 1.0% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.74× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $228.0M | $128.1M |
8季度趋势，按日历期对齐
经营现金流KTBRH
| Q4 25 | — | $131.9M | ||
| Q3 25 | $64.1M | $137.7M | ||
| Q2 25 | $25.7M | $86.6M | ||
| Q1 25 | $77.6M | $-18.8M | ||
| Q4 24 | $82.0M | $-31.4M | ||
| Q3 24 | $133.6M | $11.2M | ||
| Q2 24 | $96.2M | $56.1M | ||
| Q1 24 | $56.5M | $-114.0M |
自由现金流KTBRH
| Q4 25 | — | $83.0M | ||
| Q3 25 | $55.8M | $80.7M | ||
| Q2 25 | $22.4M | $34.1M | ||
| Q1 25 | $74.9M | $-69.7M | ||
| Q4 24 | $75.0M | $-96.0M | ||
| Q3 24 | $129.9M | $-37.9M | ||
| Q2 24 | $92.6M | $-10.1M | ||
| Q1 24 | $52.0M | $-251.5M |
自由现金流率KTBRH
| Q4 25 | — | 9.4% | ||
| Q3 25 | 6.5% | 9.0% | ||
| Q2 25 | 3.4% | 4.2% | ||
| Q1 25 | 12.0% | -8.6% | ||
| Q4 24 | 10.7% | -11.8% | ||
| Q3 24 | 19.4% | -4.6% | ||
| Q2 24 | 15.3% | -1.4% | ||
| Q1 24 | 8.2% | -34.1% |
资本支出强度KTBRH
| Q4 25 | — | 5.5% | ||
| Q3 25 | 1.0% | 6.3% | ||
| Q2 25 | 0.5% | 6.5% | ||
| Q1 25 | 0.4% | 6.3% | ||
| Q4 24 | 1.0% | 8.0% | ||
| Q3 24 | 0.6% | 5.9% | ||
| Q2 24 | 0.6% | 9.1% | ||
| Q1 24 | 0.7% | 18.6% |
现金转化率KTBRH
| Q4 25 | — | 3.64× | ||
| Q3 25 | 1.74× | 2.66× | ||
| Q2 25 | 0.35× | 10.78× | ||
| Q1 25 | 1.81× | -1.35× | ||
| Q4 24 | 1.28× | -0.95× | ||
| Q3 24 | 1.89× | 0.39× | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 0.95× | -10.01× |
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
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
