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李维斯（LEVI）与M&T Bank（MTB）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是李维斯的1.4倍（$2.5B vs $1.8B），M&T Bank净利率更高（30.7% vs 8.9%，领先21.7%），M&T Bank同比增速更快（3.8% vs -4.0%），过去两年李维斯的营收复合增速更高（6.5% vs 4.6%）
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
LEVI vs MTB — 直观对比
营收规模更大
MTB
是对方的1.4倍
$1.8B
营收增速更快
MTB
高出7.8%
-4.0%
净利率更高
MTB
高出21.7%
8.9%
两年增速更快
LEVI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.5B |
| 净利润 | $158.0M | $759.0M |
| 毛利率 | 60.8% | — |
| 营业利润率 | 11.9% | 39.2% |
| 净利率 | 8.9% | 30.7% |
| 营收同比 | -4.0% | 3.8% |
| 净利润同比 | -13.4% | 11.5% |
| 每股收益（稀释后） | $0.39 | $4.62 |
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LEVIMTB
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B | ||
| Q1 24 | $1.6B | $2.3B |
净利润LEVIMTB
| Q4 25 | $158.0M | $759.0M | ||
| Q3 25 | $218.1M | $792.0M | ||
| Q2 25 | $67.0M | $716.0M | ||
| Q1 25 | $135.0M | $584.0M | ||
| Q4 24 | $182.5M | $681.0M | ||
| Q3 24 | $20.7M | $721.0M | ||
| Q2 24 | $18.0M | $655.0M | ||
| Q1 24 | $-10.6M | $531.0M |
毛利率LEVIMTB
| Q4 25 | 60.8% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 60.5% | — | ||
| Q1 24 | 58.2% | — |
营业利润率LEVIMTB
| Q4 25 | 11.9% | 39.2% | ||
| Q3 25 | 10.8% | 40.8% | ||
| Q2 25 | 7.5% | 39.0% | ||
| Q1 25 | 12.5% | 33.0% | ||
| Q4 24 | 11.5% | 37.0% | ||
| Q3 24 | 2.0% | 39.0% | ||
| Q2 24 | 1.5% | 37.1% | ||
| Q1 24 | -0.0% | 29.4% |
净利率LEVIMTB
| Q4 25 | 8.9% | 30.7% | ||
| Q3 25 | 14.1% | 31.5% | ||
| Q2 25 | 4.6% | 29.9% | ||
| Q1 25 | 8.8% | 25.3% | ||
| Q4 24 | 9.9% | 28.6% | ||
| Q3 24 | 1.4% | 30.9% | ||
| Q2 24 | 1.2% | 28.5% | ||
| Q1 24 | -0.7% | 23.5% |
每股收益（稀释后）LEVIMTB
| Q4 25 | $0.39 | $4.62 | ||
| Q3 25 | $0.55 | $4.82 | ||
| Q2 25 | $0.17 | $4.24 | ||
| Q1 25 | $0.34 | $3.32 | ||
| Q4 24 | $0.46 | $3.87 | ||
| Q3 24 | $0.05 | $4.02 | ||
| Q2 24 | $0.04 | $3.73 | ||
| Q1 24 | $-0.03 | $3.02 |
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 | $848.8M | — |
| 总债务越低越好 | $1.1B | $10.9B |
| 股东权益账面价值 | $2.3B | $29.2B |
| 总资产 | $6.8B | $213.5B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资LEVIMTB
| Q4 25 | $848.8M | — | ||
| Q3 25 | $707.5M | — | ||
| Q2 25 | $736.7M | — | ||
| Q1 25 | $574.4M | — | ||
| Q4 24 | $690.0M | — | ||
| Q3 24 | $577.1M | — | ||
| Q2 24 | $641.4M | — | ||
| Q1 24 | $516.7M | — |
总债务LEVIMTB
| Q4 25 | $1.1B | $10.9B | ||
| Q3 25 | $1.0B | $12.9B | ||
| Q2 25 | $1.0B | $12.4B | ||
| Q1 25 | $987.4M | $10.5B | ||
| Q4 24 | $994.0M | $12.6B | ||
| Q3 24 | $1.0B | $11.6B | ||
| Q2 24 | $1.0B | $11.3B | ||
| Q1 24 | $1.0B | $11.4B |
股东权益LEVIMTB
| Q4 25 | $2.3B | $29.2B | ||
| Q3 25 | $2.2B | $28.7B | ||
| Q2 25 | $2.1B | $28.5B | ||
| Q1 25 | $2.0B | $29.0B | ||
| Q4 24 | $2.0B | $29.0B | ||
| Q3 24 | $1.9B | $28.9B | ||
| Q2 24 | $2.0B | $28.4B | ||
| Q1 24 | $2.0B | $27.2B |
总资产LEVIMTB
| Q4 25 | $6.8B | $213.5B | ||
| Q3 25 | $6.7B | $211.3B | ||
| Q2 25 | $6.5B | $211.6B | ||
| Q1 25 | $6.2B | $210.3B | ||
| Q4 24 | $6.4B | $208.1B | ||
| Q3 24 | $6.3B | $211.8B | ||
| Q2 24 | $6.2B | $208.9B | ||
| Q1 24 | $6.0B | $215.1B |
负债/权益比LEVIMTB
| Q4 25 | 0.46× | 0.37× | ||
| Q3 25 | 0.48× | 0.45× | ||
| Q2 25 | 0.49× | 0.43× | ||
| Q1 25 | 0.49× | 0.36× | ||
| Q4 24 | 0.50× | 0.43× | ||
| Q3 24 | 0.54× | 0.40× | ||
| Q2 24 | 0.51× | 0.40× | ||
| Q1 24 | 0.51× | 0.42× |
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 | $266.8M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $215.7M | — |
| 自由现金流率自由现金流/营收 | 12.2% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 1.69× | 3.96× |
| 过去12个月自由现金流最近4个季度 | $308.2M | — |
8季度趋势，按日历期对齐
经营现金流LEVIMTB
| Q4 25 | $266.8M | $3.0B | ||
| Q3 25 | $24.8M | $1.0B | ||
| Q2 25 | $185.5M | $844.0M | ||
| Q1 25 | $52.5M | $635.0M | ||
| Q4 24 | $297.3M | $3.6B | ||
| Q3 24 | $52.3M | $-28.0M | ||
| Q2 24 | $262.8M | $1.4B | ||
| Q1 24 | $286.0M | $608.0M |
自由现金流LEVIMTB
| Q4 25 | $215.7M | — | ||
| Q3 25 | $-39.4M | — | ||
| Q2 25 | $146.0M | — | ||
| Q1 25 | $-14.1M | — | ||
| Q4 24 | $231.6M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $222.6M | — | ||
| Q1 24 | $214.4M | — |
自由现金流率LEVIMTB
| Q4 25 | 12.2% | — | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 13.8% | — |
资本支出强度LEVIMTB
| Q4 25 | 2.9% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 4.6% | — |
现金转化率LEVIMTB
| Q4 25 | 1.69× | 3.96× | ||
| Q3 25 | 0.11× | 1.26× | ||
| Q2 25 | 2.77× | 1.18× | ||
| Q1 25 | 0.39× | 1.09× | ||
| Q4 24 | 1.63× | 5.30× | ||
| Q3 24 | 2.53× | -0.04× | ||
| Q2 24 | 14.60× | 2.07× | ||
| Q1 24 | — | 1.15× |
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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
MTB
暂无分部数据
