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Kontoor Brands, Inc.（KTB）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
威富集团的季度营收约是Kontoor Brands, Inc.的3.4倍（$2.9B vs $853.2M）。威富集团净利率更高（10.5% vs 4.3%，领先6.1%）。Kontoor Brands, Inc.同比增速更快（27.3% vs 1.5%）。威富集团自由现金流更多（$977.9M vs $55.8M）。过去两年Kontoor Brands, Inc.的营收复合增速更高（14.2% vs 10.1%）
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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
KTB vs VFC — 直观对比
营收规模更大
VFC
是对方的3.4倍
$853.2M
营收增速更快
KTB
高出25.8%
1.5%
净利率更高
VFC
高出6.1%
4.3%
自由现金流更多
VFC
多$922.1M
$55.8M
两年增速更快
KTB
近两年复合增速
10.1%
损益表 — Q3 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $2.9B |
| 净利润 | $36.9M | $300.8M |
| 毛利率 | 41.3% | 56.6% |
| 营业利润率 | 7.5% | 10.1% |
| 净利率 | 4.3% | 10.5% |
| 营收同比 | 27.3% | 1.5% |
| 净利润同比 | -47.6% | 79.3% |
| 每股收益（稀释后） | $0.66 | $0.76 |
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KTBVFC
| Q4 25 | — | $2.9B | ||
| Q3 25 | $853.2M | $2.8B | ||
| Q2 25 | $658.3M | $1.8B | ||
| Q1 25 | $622.9M | $2.0B | ||
| Q4 24 | $699.3M | $2.8B | ||
| Q3 24 | $670.2M | $2.8B | ||
| Q2 24 | $606.9M | $1.9B | ||
| Q1 24 | $631.2M | $2.4B |
净利润KTBVFC
| Q4 25 | — | $300.8M | ||
| Q3 25 | $36.9M | $189.8M | ||
| Q2 25 | $73.9M | $-116.4M | ||
| Q1 25 | $42.9M | $-150.8M | ||
| Q4 24 | $64.0M | $167.8M | ||
| Q3 24 | $70.5M | $52.2M | ||
| Q2 24 | $51.8M | $-258.9M | ||
| Q1 24 | $59.5M | $-418.3M |
毛利率KTBVFC
| Q4 25 | — | 56.6% | ||
| Q3 25 | 41.3% | 52.2% | ||
| Q2 25 | 46.3% | 53.9% | ||
| Q1 25 | 47.5% | 52.7% | ||
| Q4 24 | 43.7% | 56.3% | ||
| Q3 24 | 44.7% | 52.2% | ||
| Q2 24 | 44.7% | 52.0% | ||
| Q1 24 | 45.2% | 48.4% |
营业利润率KTBVFC
| Q4 25 | — | 10.1% | ||
| Q3 25 | 7.5% | 11.2% | ||
| Q2 25 | 11.9% | -4.9% | ||
| Q1 25 | 11.8% | 2.2% | ||
| Q4 24 | 12.1% | 8.0% | ||
| Q3 24 | 14.7% | 9.9% | ||
| Q2 24 | 12.4% | -12.6% | ||
| Q1 24 | 13.4% | -15.0% |
净利率KTBVFC
| Q4 25 | — | 10.5% | ||
| Q3 25 | 4.3% | 6.8% | ||
| Q2 25 | 11.2% | -6.6% | ||
| Q1 25 | 6.9% | -7.5% | ||
| Q4 24 | 9.1% | 5.9% | ||
| Q3 24 | 10.5% | 1.9% | ||
| Q2 24 | 8.5% | -13.6% | ||
| Q1 24 | 9.4% | -17.6% |
每股收益（稀释后）KTBVFC
| Q4 25 | — | $0.76 | ||
| Q3 25 | $0.66 | $0.48 | ||
| Q2 25 | $1.32 | $-0.30 | ||
| Q1 25 | $0.76 | $-0.37 | ||
| Q4 24 | $1.13 | $0.43 | ||
| Q3 24 | $1.26 | $0.13 | ||
| Q2 24 | $0.92 | $-0.67 | ||
| Q1 24 | $1.05 | $-1.07 |
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 | $1.5B |
| 总债务越低越好 | $1.3B | $3.6B |
| 股东权益账面价值 | $529.6M | $1.8B |
| 总资产 | $2.9B | $10.4B |
| 负债/权益比越低杠杆越低 | 2.53× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资KTBVFC
| Q4 25 | — | $1.5B | ||
| Q3 25 | $82.4M | $419.1M | ||
| Q2 25 | $107.5M | $642.4M | ||
| Q1 25 | $356.7M | $429.4M | ||
| Q4 24 | $334.1M | $1.4B | ||
| Q3 24 | $269.4M | $492.2M | ||
| Q2 24 | $224.3M | $637.4M | ||
| Q1 24 | $215.1M | $674.6M |
总债务KTBVFC
| Q4 25 | — | $3.6B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $735.6M | $3.4B | ||
| Q4 24 | $740.3M | $3.9B | ||
| Q3 24 | $745.0M | $4.0B | ||
| Q2 24 | $749.7M | $3.9B | ||
| Q1 24 | $779.2M | $4.7B |
股东权益KTBVFC
| Q4 25 | — | $1.8B | ||
| Q3 25 | $529.6M | $1.5B | ||
| Q2 25 | $498.3M | $1.3B | ||
| Q1 25 | $426.7M | $1.5B | ||
| Q4 24 | $400.1M | $1.7B | ||
| Q3 24 | $356.9M | $1.4B | ||
| Q2 24 | $367.2M | $1.4B | ||
| Q1 24 | $387.2M | $1.7B |
总资产KTBVFC
| Q4 25 | — | $10.4B | ||
| Q3 25 | $2.9B | $10.6B | ||
| Q2 25 | $2.7B | $10.2B | ||
| Q1 25 | $1.7B | $9.4B | ||
| Q4 24 | $1.7B | $10.6B | ||
| Q3 24 | $1.7B | $12.2B | ||
| Q2 24 | $1.6B | $11.5B | ||
| Q1 24 | $1.7B | $11.6B |
负债/权益比KTBVFC
| Q4 25 | — | 1.99× | ||
| Q3 25 | 2.53× | 2.40× | ||
| Q2 25 | 2.74× | 2.76× | ||
| Q1 25 | 1.72× | 2.30× | ||
| Q4 24 | 1.85× | 2.31× | ||
| Q3 24 | 2.09× | 2.86× | ||
| Q2 24 | 2.04× | 2.84× | ||
| Q1 24 | 2.01× | 2.84× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $977.9M |
| 自由现金流率自由现金流/营收 | 6.5% | 34.0% |
| 资本支出强度资本支出/营收 | 1.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.74× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $228.0M | $357.6M |
8季度趋势，按日历期对齐
经营现金流KTBVFC
| Q4 25 | — | $1.0B | ||
| Q3 25 | $64.1M | $-227.0M | ||
| Q2 25 | $25.7M | $-145.5M | ||
| Q1 25 | $77.6M | $-171.1M | ||
| Q4 24 | $82.0M | $918.1M | ||
| Q3 24 | $133.6M | $-301.6M | ||
| Q2 24 | $96.2M | $19.8M | ||
| Q1 24 | $56.5M | — |
自由现金流KTBVFC
| Q4 25 | — | $977.9M | ||
| Q3 25 | $55.8M | $-253.5M | ||
| Q2 25 | $22.4M | $-173.7M | ||
| Q1 25 | $74.9M | $-193.0M | ||
| Q4 24 | $75.0M | $899.7M | ||
| Q3 24 | $129.9M | $-322.4M | ||
| Q2 24 | $92.6M | $-5.4M | ||
| Q1 24 | $52.0M | — |
自由现金流率KTBVFC
| Q4 25 | — | 34.0% | ||
| Q3 25 | 6.5% | -9.0% | ||
| Q2 25 | 3.4% | -9.9% | ||
| Q1 25 | 12.0% | -9.6% | ||
| Q4 24 | 10.7% | 31.7% | ||
| Q3 24 | 19.4% | -11.7% | ||
| Q2 24 | 15.3% | -0.3% | ||
| Q1 24 | 8.2% | — |
资本支出强度KTBVFC
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.5% | 1.6% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 1.0% | 0.6% | ||
| Q3 24 | 0.6% | 0.8% | ||
| Q2 24 | 0.6% | 1.3% | ||
| Q1 24 | 0.7% | — |
现金转化率KTBVFC
| Q4 25 | — | 3.36× | ||
| Q3 25 | 1.74× | -1.20× | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 1.28× | 5.47× | ||
| Q3 24 | 1.89× | -5.78× | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 0.95× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
