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LANDS' END, INC.（LE）与WisdomTree, Inc.（WT）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WisdomTree, Inc.的2.0倍（$317.5M vs $159.5M），WisdomTree, Inc.净利率更高（25.5% vs 1.6%，领先23.8%），WisdomTree, Inc.同比增速更快（47.5% vs 0.1%），过去两年WisdomTree, Inc.的营收复合增速更高（22.1% 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。
WisdomTree, Inc.是总部位于纽约的全球ETF（交易型开放式指数基金）及交易所交易产品发行方与资产管理机构，2006年6月推出首批ETF产品，目前是美国主流ETF供应商之一。其发行的ETF覆盖全球不同资产类别与地区市场，产品线涵盖美国及国际股票、货币、固定收益及另类投资等品类。
LE vs WT — 直观对比
营收规模更大
LE
是对方的2.0倍
$159.5M
营收增速更快
WT
高出47.4%
0.1%
净利率更高
WT
高出23.8%
1.6%
两年增速更快
WT
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $159.5M |
| 净利润 | $5.2M | $40.6M |
| 毛利率 | 51.8% | — |
| 营业利润率 | 5.3% | 37.2% |
| 净利率 | 1.6% | 25.5% |
| 营收同比 | 0.1% | 47.5% |
| 净利润同比 | 198.3% | 76.4% |
| 每股收益（稀释后） | $0.17 | $0.28 |
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LEWT
| Q1 26 | — | $159.5M | ||
| Q4 25 | $317.5M | $147.4M | ||
| Q3 25 | — | $125.6M | ||
| Q2 25 | $261.2M | $112.6M | ||
| Q1 25 | — | $108.1M | ||
| Q4 24 | $318.6M | $110.7M | ||
| Q3 24 | $317.2M | $113.2M | ||
| Q2 24 | $285.5M | $107.0M |
净利润LEWT
| Q1 26 | — | $40.6M | ||
| Q4 25 | $5.2M | $40.0M | ||
| Q3 25 | — | $19.7M | ||
| Q2 25 | $-8.3M | $24.8M | ||
| Q1 25 | — | $24.6M | ||
| Q4 24 | $-593.0K | $27.3M | ||
| Q3 24 | $-5.3M | $-4.5M | ||
| Q2 24 | $-6.4M | $21.8M |
毛利率LEWT
| Q1 26 | — | — | ||
| Q4 25 | 51.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 50.6% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.7% | — |
营业利润率LEWT
| Q1 26 | — | 37.2% | ||
| Q4 25 | 5.3% | 40.5% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | -0.9% | 30.8% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | 2.9% | 31.7% | ||
| Q3 24 | 0.8% | 36.0% | ||
| Q2 24 | 0.8% | 31.3% |
净利率LEWT
| Q1 26 | — | 25.5% | ||
| Q4 25 | 1.6% | 27.1% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | -3.2% | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | -0.2% | 24.7% | ||
| Q3 24 | -1.7% | -4.0% | ||
| Q2 24 | -2.3% | 20.3% |
每股收益（稀释后）LEWT
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.17 | $0.28 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | $-0.27 | $0.17 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | $-0.02 | $0.20 | ||
| Q3 24 | $-0.17 | $-0.13 | ||
| Q2 24 | $-0.20 | $0.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | — |
| 总资产 | $852.7M | $1.8B |
| 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LEWT
| Q1 26 | — | — | ||
| Q4 25 | $36.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $18.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $27.4M | $132.5M |
股东权益LEWT
| Q1 26 | — | — | ||
| Q4 25 | $231.0M | $413.7M | ||
| Q3 25 | — | $373.4M | ||
| Q2 25 | $230.1M | $445.1M | ||
| Q1 25 | — | $415.6M | ||
| Q4 24 | $223.6M | $400.0M | ||
| Q3 24 | $226.5M | $374.9M | ||
| Q2 24 | $234.6M | $445.6M |
总资产LEWT
| Q1 26 | — | $1.8B | ||
| Q4 25 | $852.7M | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $760.5M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $843.6M | $1.0B | ||
| Q3 24 | $802.5M | $1.0B | ||
| Q2 24 | $800.1M | $964.1M |
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 | $18.0M |
| 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× | 0.44× |
| 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LEWT
| Q1 26 | — | $18.0M | ||
| Q4 25 | $-15.7M | $147.9M | ||
| Q3 25 | — | $48.1M | ||
| Q2 25 | $-22.5M | $38.8M | ||
| Q1 25 | — | $6.4M | ||
| Q4 24 | $-17.1M | $113.5M | ||
| Q3 24 | $30.7M | $47.7M | ||
| Q2 24 | $-25.8M | $32.2M |
自由现金流LEWT
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | $147.7M | ||
| Q3 25 | — | $48.0M | ||
| Q2 25 | $-30.7M | $38.7M | ||
| Q1 25 | — | $6.3M | ||
| Q4 24 | $-27.8M | $113.3M | ||
| Q3 24 | $26.0M | $47.7M | ||
| Q2 24 | $-32.6M | $32.2M |
自由现金流率LEWT
| Q1 26 | — | — | ||
| Q4 25 | -7.1% | 100.2% | ||
| Q3 25 | — | 38.2% | ||
| Q2 25 | -11.8% | 34.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | -8.7% | 102.4% | ||
| Q3 24 | 8.2% | 42.1% | ||
| Q2 24 | -11.4% | 30.1% |
资本支出强度LEWT
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 3.2% | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 3.3% | 0.1% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 2.4% | 0.0% |
现金转化率LEWT
| Q1 26 | — | 0.44× | ||
| Q4 25 | -3.03× | 3.70× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 4.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.48× |
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% |
WT
| Advisory fees | $134.9M | 85% |
| Other | $6.1M | 4% |
| Third-party distribution fees | $5.8M | 4% |
| Management fees | $5.2M | 3% |
| Sales and business development | $4.2M | 3% |
| Professional fees | $3.3M | 2% |
