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百胜餐饮集团（LCUT）与LANDS' END, INC.（LE）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是百胜餐饮集团的1.6倍（$317.5M vs $204.1M），百胜餐饮集团净利率更高（8.9% vs 1.6%，领先7.3%），LANDS' END, INC.同比增速更快（0.1% vs -5.2%），百胜餐饮集团自由现金流更多（$2.6M vs $-22.4M），过去两年百胜餐饮集团的营收复合增速更高（19.8% vs -0.9%）
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
LCUT vs LE — 直观对比
营收规模更大
LE
是对方的1.6倍
$204.1M
营收增速更快
LE
高出5.3%
-5.2%
净利率更高
LCUT
高出7.3%
1.6%
自由现金流更多
LCUT
多$25.0M
$-22.4M
两年增速更快
LCUT
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $317.5M |
| 净利润 | $18.2M | $5.2M |
| 毛利率 | 38.6% | 51.8% |
| 营业利润率 | 9.8% | 5.3% |
| 净利率 | 8.9% | 1.6% |
| 营收同比 | -5.2% | 0.1% |
| 净利润同比 | 103.5% | 198.3% |
| 每股收益（稀释后） | $0.83 | $0.17 |
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LCUTLE
| Q4 25 | $204.1M | $317.5M | ||
| Q3 25 | $171.9M | — | ||
| Q2 25 | $131.9M | $261.2M | ||
| Q1 25 | $140.1M | — | ||
| Q4 24 | $215.2M | $318.6M | ||
| Q3 24 | $183.8M | $317.2M | ||
| Q2 24 | $141.7M | $285.5M | ||
| Q1 24 | $142.2M | $514.9M |
净利润LCUTLE
| Q4 25 | $18.2M | $5.2M | ||
| Q3 25 | $-1.2M | — | ||
| Q2 25 | $-39.7M | $-8.3M | ||
| Q1 25 | $-4.2M | — | ||
| Q4 24 | $8.9M | $-593.0K | ||
| Q3 24 | $344.0K | $-5.3M | ||
| Q2 24 | $-18.2M | $-6.4M | ||
| Q1 24 | $-6.3M | $-8.6M |
毛利率LCUTLE
| Q4 25 | 38.6% | 51.8% | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 38.6% | 50.8% | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 37.7% | 50.6% | ||
| Q3 24 | 36.7% | 47.9% | ||
| Q2 24 | 38.5% | 48.7% | ||
| Q1 24 | 40.5% | 38.0% |
营业利润率LCUTLE
| Q4 25 | 9.8% | 5.3% | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -28.2% | -0.9% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 7.2% | 2.9% | ||
| Q3 24 | 4.7% | 0.8% | ||
| Q2 24 | 0.8% | 0.8% | ||
| Q1 24 | 1.3% | 1.6% |
净利率LCUTLE
| Q4 25 | 8.9% | 1.6% | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | -30.1% | -3.2% | ||
| Q1 25 | -3.0% | — | ||
| Q4 24 | 4.1% | -0.2% | ||
| Q3 24 | 0.2% | -1.7% | ||
| Q2 24 | -12.8% | -2.3% | ||
| Q1 24 | -4.4% | -1.7% |
每股收益（稀释后）LCUTLE
| Q4 25 | $0.83 | $0.17 | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-1.83 | $-0.27 | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | $0.41 | $-0.02 | ||
| Q3 24 | $0.02 | $-0.17 | ||
| Q2 24 | $-0.85 | $-0.20 | ||
| Q1 24 | $-0.29 | $-0.27 |
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 | $4.3M | $36.3M |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | $231.0M |
| 总资产 | $572.6M | $852.7M |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资LCUTLE
| Q4 25 | $4.3M | $36.3M | ||
| Q3 25 | $12.1M | — | ||
| Q2 25 | $12.0M | $18.1M | ||
| Q1 25 | $10.4M | — | ||
| Q4 24 | $2.9M | $30.4M | ||
| Q3 24 | $6.0M | $25.6M | ||
| Q2 24 | $3.4M | $27.4M | ||
| Q1 24 | $4.6M | $25.3M |
总债务LCUTLE
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCUTLE
| Q4 25 | $202.3M | $231.0M | ||
| Q3 25 | $184.6M | — | ||
| Q2 25 | $185.8M | $230.1M | ||
| Q1 25 | $225.7M | — | ||
| Q4 24 | $229.9M | $223.6M | ||
| Q3 24 | $220.9M | $226.5M | ||
| Q2 24 | $219.8M | $234.6M | ||
| Q1 24 | $223.7M | $241.6M |
总资产LCUTLE
| Q4 25 | $572.6M | $852.7M | ||
| Q3 25 | $581.1M | — | ||
| Q2 25 | $551.9M | $760.5M | ||
| Q1 25 | $594.6M | — | ||
| Q4 24 | $634.3M | $843.6M | ||
| Q3 24 | $668.7M | $802.5M | ||
| Q2 24 | $617.0M | $800.1M | ||
| Q1 24 | $602.7M | $811.5M |
负债/权益比LCUTLE
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.7M | $-15.7M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | $-22.4M |
| 自由现金流率自由现金流/营收 | 1.3% | -7.1% |
| 资本支出强度资本支出/营收 | 0.6% | 2.1% |
| 现金转化率经营现金流/净利润 | 0.21× | -3.03× |
| 过去12个月自由现金流最近4个季度 | $3.3M | $-55.0M |
8季度趋势，按日历期对齐
经营现金流LCUTLE
| Q4 25 | $3.7M | $-15.7M | ||
| Q3 25 | $-22.2M | — | ||
| Q2 25 | $9.3M | $-22.5M | ||
| Q1 25 | $16.7M | — | ||
| Q4 24 | $20.3M | $-17.1M | ||
| Q3 24 | $-22.7M | $30.7M | ||
| Q2 24 | $10.4M | $-25.8M | ||
| Q1 24 | $10.5M | $93.9M |
自由现金流LCUTLE
| Q4 25 | $2.6M | $-22.4M | ||
| Q3 25 | $-22.7M | — | ||
| Q2 25 | $8.2M | $-30.7M | ||
| Q1 25 | $15.1M | — | ||
| Q4 24 | $19.7M | $-27.8M | ||
| Q3 24 | $-23.2M | $26.0M | ||
| Q2 24 | $9.9M | $-32.6M | ||
| Q1 24 | $9.9M | $87.5M |
自由现金流率LCUTLE
| Q4 25 | 1.3% | -7.1% | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 6.2% | -11.8% | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 9.1% | -8.7% | ||
| Q3 24 | -12.6% | 8.2% | ||
| Q2 24 | 7.0% | -11.4% | ||
| Q1 24 | 7.0% | 17.0% |
资本支出强度LCUTLE
| Q4 25 | 0.6% | 2.1% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.9% | 3.2% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.3% | 3.3% | ||
| Q3 24 | 0.3% | 1.5% | ||
| Q2 24 | 0.4% | 2.4% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率LCUTLE
| Q4 25 | 0.21× | -3.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | -65.89× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
