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LANDS' END, INC.（LE）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是LANDS' END, INC.的1.9倍（$613.5M vs $317.5M），Tyler Technologies净利率更高（13.2% vs 1.6%，领先11.6%），Tyler Technologies同比增速更快（8.6% vs 0.1%），Tyler Technologies自由现金流更多（$2.0M vs $-22.4M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
LE vs TYL — 直观对比
营收规模更大
TYL
是对方的1.9倍
$317.5M
营收增速更快
TYL
高出8.5%
0.1%
净利率更高
TYL
高出11.6%
1.6%
自由现金流更多
TYL
多$24.5M
$-22.4M
两年增速更快
TYL
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $613.5M |
| 净利润 | $5.2M | $81.2M |
| 毛利率 | 51.8% | 48.3% |
| 营业利润率 | 5.3% | 16.3% |
| 净利率 | 1.6% | 13.2% |
| 营收同比 | 0.1% | 8.6% |
| 净利润同比 | 198.3% | — |
| 每股收益（稀释后） | $0.17 | $1.88 |
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LETYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $317.5M | $575.2M | ||
| Q3 25 | — | $595.9M | ||
| Q2 25 | $261.2M | $596.1M | ||
| Q1 25 | — | $565.2M | ||
| Q4 24 | $318.6M | $541.1M | ||
| Q3 24 | $317.2M | $543.3M | ||
| Q2 24 | $285.5M | $541.0M |
净利润LETYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $5.2M | $65.5M | ||
| Q3 25 | — | $84.4M | ||
| Q2 25 | $-8.3M | $84.6M | ||
| Q1 25 | — | $81.1M | ||
| Q4 24 | $-593.0K | $65.2M | ||
| Q3 24 | $-5.3M | $75.9M | ||
| Q2 24 | $-6.4M | $67.7M |
毛利率LETYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 51.8% | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | 50.8% | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | 50.6% | 43.8% | ||
| Q3 24 | 47.9% | 43.7% | ||
| Q2 24 | 48.7% | 44.0% |
营业利润率LETYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 5.3% | 13.0% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | -0.9% | 16.0% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | 2.9% | 13.2% | ||
| Q3 24 | 0.8% | 15.2% | ||
| Q2 24 | 0.8% | 14.4% |
净利率LETYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 1.6% | 11.4% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | -3.2% | 14.2% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -0.2% | 12.1% | ||
| Q3 24 | -1.7% | 14.0% | ||
| Q2 24 | -2.3% | 12.5% |
每股收益（稀释后）LETYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $0.17 | $1.50 | ||
| Q3 25 | — | $1.93 | ||
| Q2 25 | $-0.27 | $1.93 | ||
| Q1 25 | — | $1.84 | ||
| Q4 24 | $-0.02 | $1.48 | ||
| Q3 24 | $-0.17 | $1.74 | ||
| Q2 24 | $-0.20 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | $3.6B |
| 总资产 | $852.7M | $4.8B |
| 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LETYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $36.3M | $1.1B | ||
| Q3 25 | — | $950.8M | ||
| Q2 25 | $18.1M | $892.3M | ||
| Q1 25 | — | $807.4M | ||
| Q4 24 | $30.4M | $768.0M | ||
| Q3 24 | $25.6M | $544.3M | ||
| Q2 24 | $27.4M | $258.0M |
总债务LETYL
| Q1 26 | — | — | ||
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M |
股东权益LETYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $231.0M | $3.7B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $230.1M | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $223.6M | $3.4B | ||
| Q3 24 | $226.5M | $3.3B | ||
| Q2 24 | $234.6M | $3.1B |
总资产LETYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $852.7M | $5.6B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | $760.5M | $5.4B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $843.6M | $5.2B | ||
| Q3 24 | $802.5M | $5.0B | ||
| Q2 24 | $800.1M | $4.8B |
负债/权益比LETYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | $2.0M |
| 自由现金流率自由现金流/营收 | -7.1% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $-55.0M | $585.7M |
8季度趋势，按日历期对齐
经营现金流LETYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $-15.7M | $243.9M | ||
| Q3 25 | — | $255.2M | ||
| Q2 25 | $-22.5M | $98.3M | ||
| Q1 25 | — | $56.2M | ||
| Q4 24 | $-17.1M | $224.8M | ||
| Q3 24 | $30.7M | $263.7M | ||
| Q2 24 | $-25.8M | $64.3M |
自由现金流LETYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $-22.4M | $239.6M | ||
| Q3 25 | — | $251.3M | ||
| Q2 25 | $-30.7M | $92.8M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | $-27.8M | $221.0M | ||
| Q3 24 | $26.0M | $260.8M | ||
| Q2 24 | $-32.6M | $57.7M |
自由现金流率LETYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | -7.1% | 41.7% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | -11.8% | 15.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | -8.7% | 40.8% | ||
| Q3 24 | 8.2% | 48.0% | ||
| Q2 24 | -11.4% | 10.7% |
资本支出强度LETYL
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 3.2% | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 3.3% | 0.7% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 2.4% | 1.2% |
现金转化率LETYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | -3.03× | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.47× | ||
| Q2 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
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
