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LANDS' END, INC.（LE）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是LANDS' END, INC.的1.4倍（$434.2M vs $317.5M），LANDS' END, INC.净利率更高（1.6% vs -4.7%，领先6.3%），LANDS' END, INC.同比增速更快（0.1% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-22.4M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
LE vs MH — 直观对比
营收规模更大
MH
是对方的1.4倍
$317.5M
营收增速更快
LE
高出35.2%
-35.1%
净利率更高
LE
高出6.3%
-4.7%
自由现金流更多
MH
多$307.8M
$-22.4M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $434.2M |
| 净利润 | $5.2M | $-20.2M |
| 毛利率 | 51.8% | 85.3% |
| 营业利润率 | 5.3% | 7.0% |
| 净利率 | 1.6% | -4.7% |
| 营收同比 | 0.1% | -35.1% |
| 净利润同比 | 198.3% | -119.2% |
| 每股收益（稀释后） | $0.17 | $-0.11 |
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LEMH
| Q4 25 | $317.5M | $434.2M | ||
| Q3 25 | — | $669.2M | ||
| Q2 25 | $261.2M | $535.7M | ||
| Q4 24 | $318.6M | — | ||
| Q3 24 | $317.2M | — | ||
| Q2 24 | $285.5M | — | ||
| Q1 24 | $514.9M | — | ||
| Q4 23 | $324.7M | — |
净利润LEMH
| Q4 25 | $5.2M | $-20.2M | ||
| Q3 25 | — | $105.3M | ||
| Q2 25 | $-8.3M | $502.0K | ||
| Q4 24 | $-593.0K | — | ||
| Q3 24 | $-5.3M | — | ||
| Q2 24 | $-6.4M | — | ||
| Q1 24 | $-8.6M | — | ||
| Q4 23 | $-112.4M | — |
毛利率LEMH
| Q4 25 | 51.8% | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | 50.8% | 77.0% | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.7% | — | ||
| Q1 24 | 38.0% | — | ||
| Q4 23 | 47.0% | — |
营业利润率LEMH
| Q4 25 | 5.3% | 7.0% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | -0.9% | 18.0% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.6% | — | ||
| Q4 23 | -31.2% | — |
净利率LEMH
| Q4 25 | 1.6% | -4.7% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | -3.2% | 0.1% | ||
| Q4 24 | -0.2% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | -1.7% | — | ||
| Q4 23 | -34.6% | — |
每股收益（稀释后）LEMH
| Q4 25 | $0.17 | $-0.11 | ||
| Q3 25 | — | $0.57 | ||
| Q2 25 | $-0.27 | $0.00 | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $-0.27 | — | ||
| Q4 23 | $-3.52 | — |
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 | $36.3M | $514.4M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $231.0M | $775.3M |
| 总资产 | $852.7M | $5.6B |
| 负债/权益比越低杠杆越低 | — | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资LEMH
| Q4 25 | $36.3M | $514.4M | ||
| Q3 25 | — | $463.2M | ||
| Q2 25 | $18.1M | $247.3M | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $27.4M | — | ||
| Q1 24 | $25.3M | — | ||
| Q4 23 | $36.8M | — |
总债务LEMH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益LEMH
| Q4 25 | $231.0M | $775.3M | ||
| Q3 25 | — | $794.6M | ||
| Q2 25 | $230.1M | $283.3M | ||
| Q4 24 | $223.6M | — | ||
| Q3 24 | $226.5M | — | ||
| Q2 24 | $234.6M | — | ||
| Q1 24 | $241.6M | — | ||
| Q4 23 | $250.9M | — |
总资产LEMH
| Q4 25 | $852.7M | $5.6B | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | $760.5M | $5.7B | ||
| Q4 24 | $843.6M | — | ||
| Q3 24 | $802.5M | — | ||
| Q2 24 | $800.1M | — | ||
| Q1 24 | $811.5M | — | ||
| Q4 23 | $947.6M | — |
负债/权益比LEMH
| Q4 25 | — | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $-15.7M | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | $285.4M |
| 自由现金流率自由现金流/营收 | -7.1% | 65.7% |
| 资本支出强度资本支出/营收 | 2.1% | 5.4% |
| 现金转化率经营现金流/净利润 | -3.03× | — |
| 过去12个月自由现金流最近4个季度 | $-55.0M | — |
8季度趋势，按日历期对齐
经营现金流LEMH
| Q4 25 | $-15.7M | $309.0M | ||
| Q3 25 | — | $265.0M | ||
| Q2 25 | $-22.5M | $-96.7M | ||
| Q4 24 | $-17.1M | — | ||
| Q3 24 | $30.7M | — | ||
| Q2 24 | $-25.8M | — | ||
| Q1 24 | $93.9M | — | ||
| Q4 23 | $-18.2M | — |
自由现金流LEMH
| Q4 25 | $-22.4M | $285.4M | ||
| Q3 25 | — | $243.8M | ||
| Q2 25 | $-30.7M | $-112.9M | ||
| Q4 24 | $-27.8M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $-32.6M | — | ||
| Q1 24 | $87.5M | — | ||
| Q4 23 | $-23.8M | — |
自由现金流率LEMH
| Q4 25 | -7.1% | 65.7% | ||
| Q3 25 | — | 36.4% | ||
| Q2 25 | -11.8% | -21.1% | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 17.0% | — | ||
| Q4 23 | -7.3% | — |
资本支出强度LEMH
| Q4 25 | 2.1% | 5.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | 3.2% | 3.0% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — | ||
| Q4 23 | 1.7% | — |
现金转化率LEMH
| Q4 25 | -3.03× | — | ||
| Q3 25 | — | 2.52× | ||
| Q2 25 | — | -192.53× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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
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% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
