vs
LANDS' END, INC.（LE）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是LANDS' END, INC.的1.6倍（$492.9M vs $317.5M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 1.6%，领先18.0%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 0.1%），过去两年LANDS' END, INC.的营收复合增速更高（-0.9% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
LE vs STWD — 直观对比
营收规模更大
STWD
是对方的1.6倍
$317.5M
营收增速更快
STWD
高出8.4%
0.1%
净利率更高
STWD
高出18.0%
1.6%
两年增速更快
LE
近两年复合增速
-2.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $492.9M |
| 净利润 | $5.2M | $96.9M |
| 毛利率 | 51.8% | — |
| 营业利润率 | 5.3% | 26.6% |
| 净利率 | 1.6% | 19.7% |
| 营收同比 | 0.1% | 8.5% |
| 净利润同比 | 198.3% | 87.7% |
| 每股收益（稀释后） | $0.17 | $0.25 |
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LESTWD
| Q4 25 | $317.5M | $492.9M | ||
| Q3 25 | — | $488.9M | ||
| Q2 25 | $261.2M | $444.3M | ||
| Q1 25 | — | $418.2M | ||
| Q4 24 | $318.6M | $454.4M | ||
| Q3 24 | $317.2M | $479.5M | ||
| Q2 24 | $285.5M | $489.8M | ||
| Q1 24 | $514.9M | $523.1M |
净利润LESTWD
| Q4 25 | $5.2M | $96.9M | ||
| Q3 25 | — | $72.6M | ||
| Q2 25 | $-8.3M | $129.8M | ||
| Q1 25 | — | $112.3M | ||
| Q4 24 | $-593.0K | $51.6M | ||
| Q3 24 | $-5.3M | $76.1M | ||
| Q2 24 | $-6.4M | $77.9M | ||
| Q1 24 | $-8.6M | $154.3M |
毛利率LESTWD
| Q4 25 | 51.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.7% | — | ||
| Q1 24 | 38.0% | — |
营业利润率LESTWD
| Q4 25 | 5.3% | 26.6% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | -0.9% | 30.5% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | 2.9% | 15.1% | ||
| Q3 24 | 0.8% | 17.2% | ||
| Q2 24 | 0.8% | 19.1% | ||
| Q1 24 | 1.6% | 30.8% |
净利率LESTWD
| Q4 25 | 1.6% | 19.7% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | -3.2% | 29.2% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | -0.2% | 11.4% | ||
| Q3 24 | -1.7% | 15.9% | ||
| Q2 24 | -2.3% | 15.9% | ||
| Q1 24 | -1.7% | 29.5% |
每股收益（稀释后）LESTWD
| Q4 25 | $0.17 | $0.25 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | $-0.27 | $0.38 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | $-0.02 | $0.15 | ||
| Q3 24 | $-0.17 | $0.23 | ||
| Q2 24 | $-0.20 | $0.24 | ||
| Q1 24 | $-0.27 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | $6.8B |
| 总资产 | $852.7M | $63.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LESTWD
| Q4 25 | $36.3M | $499.5M | ||
| Q3 25 | — | $301.1M | ||
| Q2 25 | $18.1M | $259.9M | ||
| Q1 25 | — | $440.6M | ||
| Q4 24 | $30.4M | $377.8M | ||
| Q3 24 | $25.6M | $357.9M | ||
| Q2 24 | $27.4M | $259.3M | ||
| Q1 24 | $25.3M | $327.4M |
股东权益LESTWD
| Q4 25 | $231.0M | $6.8B | ||
| Q3 25 | — | $6.9B | ||
| Q2 25 | $230.1M | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $223.6M | $6.4B | ||
| Q3 24 | $226.5M | $6.5B | ||
| Q2 24 | $234.6M | $6.2B | ||
| Q1 24 | $241.6M | $6.3B |
总资产LESTWD
| Q4 25 | $852.7M | $63.2B | ||
| Q3 25 | — | $62.4B | ||
| Q2 25 | $760.5M | $62.4B | ||
| Q1 25 | — | $62.2B | ||
| Q4 24 | $843.6M | $62.6B | ||
| Q3 24 | $802.5M | $64.2B | ||
| Q2 24 | $800.1M | $64.1B | ||
| Q1 24 | $811.5M | $66.2B |
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 | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | -3.03× | 5.04× |
| 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LESTWD
| Q4 25 | $-15.7M | $488.8M | ||
| Q3 25 | — | $337.6M | ||
| Q2 25 | $-22.5M | $-87.4M | ||
| Q1 25 | — | $238.9M | ||
| Q4 24 | $-17.1M | $295.6M | ||
| Q3 24 | $30.7M | $241.8M | ||
| Q2 24 | $-25.8M | $53.3M | ||
| Q1 24 | $93.9M | $55.9M |
自由现金流LESTWD
| Q4 25 | $-22.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-30.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-27.8M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $-32.6M | — | ||
| Q1 24 | $87.5M | — |
自由现金流率LESTWD
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -11.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 17.0% | — |
资本支出强度LESTWD
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率LESTWD
| Q4 25 | -3.03× | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
