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李维斯（LEVI）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是李维斯的1.3倍（$2.3B vs $1.8B），PPL Corporation净利率更高（11.3% vs 8.9%，领先2.4%），PPL Corporation同比增速更快（7.2% vs -4.0%），李维斯自由现金流更多（$215.7M vs $-614.0M），过去两年李维斯的营收复合增速更高（6.5% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
LEVI vs PPL — 直观对比
营收规模更大
PPL
是对方的1.3倍
$1.8B
营收增速更快
PPL
高出11.2%
-4.0%
净利率更高
PPL
高出2.4%
8.9%
自由现金流更多
LEVI
多$829.7M
$-614.0M
两年增速更快
LEVI
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.3B |
| 净利润 | $158.0M | $266.0M |
| 毛利率 | 60.8% | — |
| 营业利润率 | 11.9% | 20.3% |
| 净利率 | 8.9% | 11.3% |
| 营收同比 | -4.0% | 7.2% |
| 净利润同比 | -13.4% | 50.3% |
| 每股收益（稀释后） | $0.39 | $0.35 |
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LEVIPPL
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.6B | $2.3B |
净利润LEVIPPL
| Q4 25 | $158.0M | $266.0M | ||
| Q3 25 | $218.1M | $318.0M | ||
| Q2 25 | $67.0M | $183.0M | ||
| Q1 25 | $135.0M | $414.0M | ||
| Q4 24 | $182.5M | $177.0M | ||
| Q3 24 | $20.7M | $214.0M | ||
| Q2 24 | $18.0M | $190.0M | ||
| Q1 24 | $-10.6M | $307.0M |
毛利率LEVIPPL
| 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LEVIPPL
| Q4 25 | 11.9% | 20.3% | ||
| Q3 25 | 10.8% | 25.4% | ||
| Q2 25 | 7.5% | 19.9% | ||
| Q1 25 | 12.5% | 26.6% | ||
| Q4 24 | 11.5% | 17.2% | ||
| Q3 24 | 2.0% | 20.6% | ||
| Q2 24 | 1.5% | 20.8% | ||
| Q1 24 | -0.0% | 23.7% |
净利率LEVIPPL
| Q4 25 | 8.9% | 11.3% | ||
| Q3 25 | 14.1% | 14.2% | ||
| Q2 25 | 4.6% | 9.0% | ||
| Q1 25 | 8.8% | 16.3% | ||
| Q4 24 | 9.9% | 8.1% | ||
| Q3 24 | 1.4% | 10.3% | ||
| Q2 24 | 1.2% | 10.1% | ||
| Q1 24 | -0.7% | 13.3% |
每股收益（稀释后）LEVIPPL
| Q4 25 | $0.39 | $0.35 | ||
| Q3 25 | $0.55 | $0.43 | ||
| Q2 25 | $0.17 | $0.25 | ||
| Q1 25 | $0.34 | $0.56 | ||
| Q4 24 | $0.46 | $0.23 | ||
| Q3 24 | $0.05 | $0.29 | ||
| Q2 24 | $0.04 | $0.26 | ||
| Q1 24 | $-0.03 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $1.1B | $18.9B |
| 股东权益账面价值 | $2.3B | $14.9B |
| 总资产 | $6.8B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.46× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资LEVIPPL
| Q4 25 | $848.8M | $1.1B | ||
| Q3 25 | $707.5M | $1.1B | ||
| Q2 25 | $736.7M | $294.0M | ||
| Q1 25 | $574.4M | $312.0M | ||
| Q4 24 | $690.0M | $306.0M | ||
| Q3 24 | $577.1M | $542.0M | ||
| Q2 24 | $641.4M | $282.0M | ||
| Q1 24 | $516.7M | $276.0M |
总债务LEVIPPL
| Q4 25 | $1.1B | $18.9B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | $16.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVIPPL
| Q4 25 | $2.3B | $14.9B | ||
| Q3 25 | $2.2B | $14.4B | ||
| Q2 25 | $2.1B | $14.3B | ||
| Q1 25 | $2.0B | $14.3B | ||
| Q4 24 | $2.0B | $14.1B | ||
| Q3 24 | $1.9B | $14.1B | ||
| Q2 24 | $2.0B | $14.1B | ||
| Q1 24 | $2.0B | $14.1B |
总资产LEVIPPL
| Q4 25 | $6.8B | $45.2B | ||
| Q3 25 | $6.7B | $43.9B | ||
| Q2 25 | $6.5B | $42.4B | ||
| Q1 25 | $6.2B | $41.8B | ||
| Q4 24 | $6.4B | $41.1B | ||
| Q3 24 | $6.3B | $40.5B | ||
| Q2 24 | $6.2B | $39.8B | ||
| Q1 24 | $6.0B | $39.6B |
负债/权益比LEVIPPL
| Q4 25 | 0.46× | 1.27× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | 1.17× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.51× | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $-614.0M |
| 自由现金流率自由现金流/营收 | 12.2% | -26.1% |
| 资本支出强度资本支出/营收 | 2.9% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.69× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流LEVIPPL
| Q4 25 | $266.8M | $548.0M | ||
| Q3 25 | $24.8M | $966.0M | ||
| Q2 25 | $185.5M | $602.0M | ||
| Q1 25 | $52.5M | $513.0M | ||
| Q4 24 | $297.3M | $511.0M | ||
| Q3 24 | $52.3M | $781.0M | ||
| Q2 24 | $262.8M | $766.0M | ||
| Q1 24 | $286.0M | $282.0M |
自由现金流LEVIPPL
| Q4 25 | $215.7M | $-614.0M | ||
| Q3 25 | $-39.4M | $-179.0M | ||
| Q2 25 | $146.0M | $-328.0M | ||
| Q1 25 | $-14.1M | $-280.0M | ||
| Q4 24 | $231.6M | $-349.0M | ||
| Q3 24 | $2.3M | $102.0M | ||
| Q2 24 | $222.6M | $96.0M | ||
| Q1 24 | $214.4M | $-314.0M |
自由现金流率LEVIPPL
| Q4 25 | 12.2% | -26.1% | ||
| Q3 25 | -2.6% | -8.0% | ||
| Q2 25 | 10.1% | -16.1% | ||
| Q1 25 | -0.9% | -11.0% | ||
| Q4 24 | 12.6% | -15.9% | ||
| Q3 24 | 0.2% | 4.9% | ||
| Q2 24 | 15.4% | 5.1% | ||
| Q1 24 | 13.8% | -13.6% |
资本支出强度LEVIPPL
| Q4 25 | 2.9% | 49.5% | ||
| Q3 25 | 4.2% | 51.2% | ||
| Q2 25 | 2.7% | 45.6% | ||
| Q1 25 | 4.4% | 31.2% | ||
| Q4 24 | 3.6% | 39.3% | ||
| Q3 24 | 3.3% | 32.7% | ||
| Q2 24 | 2.8% | 35.8% | ||
| Q1 24 | 4.6% | 25.9% |
现金转化率LEVIPPL
| Q4 25 | 1.69× | 2.06× | ||
| Q3 25 | 0.11× | 3.04× | ||
| Q2 25 | 2.77× | 3.29× | ||
| Q1 25 | 0.39× | 1.24× | ||
| Q4 24 | 1.63× | 2.89× | ||
| Q3 24 | 2.53× | 3.65× | ||
| Q2 24 | 14.60× | 4.03× | ||
| Q1 24 | — | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
