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LANDS' END, INC.（LE）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是LANDS' END, INC.的1.2倍（$382.8M vs $317.5M），LANDS' END, INC.净利率更高（1.6% vs 0.8%，领先0.8%），Gentherm Inc同比增速更快（8.5% vs 0.1%），Gentherm Inc自由现金流更多（$6.7M vs $-22.4M），过去两年Gentherm Inc的营收复合增速更高（3.7% vs -0.9%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
LE vs THRM — 直观对比
营收规模更大
THRM
是对方的1.2倍
$317.5M
营收增速更快
THRM
高出8.4%
0.1%
净利率更高
LE
高出0.8%
0.8%
自由现金流更多
THRM
多$29.1M
$-22.4M
两年增速更快
THRM
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $382.8M |
| 净利润 | $5.2M | $3.0M |
| 毛利率 | 51.8% | 23.7% |
| 营业利润率 | 5.3% | 4.6% |
| 净利率 | 1.6% | 0.8% |
| 营收同比 | 0.1% | 8.5% |
| 净利润同比 | 198.3% | -80.5% |
| 每股收益（稀释后） | $0.17 | $0.08 |
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LETHRM
| Q4 25 | $317.5M | $382.8M | ||
| Q3 25 | — | $386.9M | ||
| Q2 25 | $261.2M | $375.1M | ||
| Q1 25 | — | $353.9M | ||
| Q4 24 | $318.6M | $352.9M | ||
| Q3 24 | $317.2M | $371.5M | ||
| Q2 24 | $285.5M | $375.7M | ||
| Q1 24 | $514.9M | $356.0M |
净利润LETHRM
| Q4 25 | $5.2M | $3.0M | ||
| Q3 25 | — | $14.9M | ||
| Q2 25 | $-8.3M | $477.0K | ||
| Q1 25 | — | $-128.0K | ||
| Q4 24 | $-593.0K | $15.3M | ||
| Q3 24 | $-5.3M | $16.0M | ||
| Q2 24 | $-6.4M | $18.9M | ||
| Q1 24 | $-8.6M | $14.8M |
毛利率LETHRM
| Q4 25 | 51.8% | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | 50.8% | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | 50.6% | 24.4% | ||
| Q3 24 | 47.9% | 25.5% | ||
| Q2 24 | 48.7% | 25.7% | ||
| Q1 24 | 38.0% | 24.9% |
营业利润率LETHRM
| Q4 25 | 5.3% | 4.6% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | -0.9% | 6.4% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 2.9% | 6.7% | ||
| Q3 24 | 0.8% | 8.7% | ||
| Q2 24 | 0.8% | 8.8% | ||
| Q1 24 | 1.6% | 5.1% |
净利率LETHRM
| Q4 25 | 1.6% | 0.8% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | -3.2% | 0.1% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | -0.2% | 4.3% | ||
| Q3 24 | -1.7% | 4.3% | ||
| Q2 24 | -2.3% | 5.0% | ||
| Q1 24 | -1.7% | 4.2% |
每股收益（稀释后）LETHRM
| Q4 25 | $0.17 | $0.08 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | $-0.27 | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $-0.02 | $0.48 | ||
| Q3 24 | $-0.17 | $0.51 | ||
| Q2 24 | $-0.20 | $0.60 | ||
| Q1 24 | $-0.27 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $231.0M | $720.3M |
| 总资产 | $852.7M | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资LETHRM
| Q4 25 | $36.3M | $160.8M | ||
| Q3 25 | — | $154.3M | ||
| Q2 25 | $18.1M | $128.3M | ||
| Q1 25 | — | $163.1M | ||
| Q4 24 | $30.4M | $134.1M | ||
| Q3 24 | $25.6M | $150.6M | ||
| Q2 24 | $27.4M | $123.5M | ||
| Q1 24 | $25.3M | $125.1M |
总债务LETHRM
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M | ||
| Q1 24 | — | $222.2M |
股东权益LETHRM
| Q4 25 | $231.0M | $720.3M | ||
| Q3 25 | — | $717.9M | ||
| Q2 25 | $230.1M | $699.7M | ||
| Q1 25 | — | $646.5M | ||
| Q4 24 | $223.6M | $616.9M | ||
| Q3 24 | $226.5M | $660.7M | ||
| Q2 24 | $234.6M | $640.3M | ||
| Q1 24 | $241.6M | $647.1M |
总资产LETHRM
| Q4 25 | $852.7M | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $760.5M | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $843.6M | $1.2B | ||
| Q3 24 | $802.5M | $1.3B | ||
| Q2 24 | $800.1M | $1.2B | ||
| Q1 24 | $811.5M | $1.3B |
负债/权益比LETHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | $6.7M |
| 自由现金流率自由现金流/营收 | -7.1% | 1.7% |
| 资本支出强度资本支出/营收 | 2.1% | 5.8% |
| 现金转化率经营现金流/净利润 | -3.03× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $-55.0M | $61.1M |
8季度趋势，按日历期对齐
经营现金流LETHRM
| Q4 25 | $-15.7M | $29.0M | ||
| Q3 25 | — | $56.1M | ||
| Q2 25 | $-22.5M | $45.0M | ||
| Q1 25 | — | $-13.3M | ||
| Q4 24 | $-17.1M | $36.6M | ||
| Q3 24 | $30.7M | $46.3M | ||
| Q2 24 | $-25.8M | $37.1M | ||
| Q1 24 | $93.9M | $-10.3M |
自由现金流LETHRM
| Q4 25 | $-22.4M | $6.7M | ||
| Q3 25 | — | $46.5M | ||
| Q2 25 | $-30.7M | $36.2M | ||
| Q1 25 | — | $-28.2M | ||
| Q4 24 | $-27.8M | $13.6M | ||
| Q3 24 | $26.0M | $26.6M | ||
| Q2 24 | $-32.6M | $17.8M | ||
| Q1 24 | $87.5M | $-21.6M |
自由现金流率LETHRM
| Q4 25 | -7.1% | 1.7% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | -11.8% | 9.6% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | -8.7% | 3.9% | ||
| Q3 24 | 8.2% | 7.2% | ||
| Q2 24 | -11.4% | 4.7% | ||
| Q1 24 | 17.0% | -6.1% |
资本支出强度LETHRM
| Q4 25 | 2.1% | 5.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 3.2% | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 3.3% | 6.5% | ||
| Q3 24 | 1.5% | 5.3% | ||
| Q2 24 | 2.4% | 5.2% | ||
| Q1 24 | 1.2% | 3.2% |
现金转化率LETHRM
| Q4 25 | -3.03× | 9.70× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | — | 94.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
