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李维斯（LEVI）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
李维斯的季度营收约是先锋自然资源公司的1.5倍（$1.8B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 8.9%，领先20.1%），李维斯同比增速更快（-4.0% vs -9.8%），过去两年李维斯的营收复合增速更高（6.5% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
LEVI vs PR — 直观对比
营收规模更大
LEVI
是对方的1.5倍
$1.2B
营收增速更快
LEVI
高出5.8%
-9.8%
净利率更高
PR
高出20.1%
8.9%
两年增速更快
LEVI
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $158.0M | $339.5M |
| 毛利率 | 60.8% | — |
| 营业利润率 | 11.9% | 23.1% |
| 净利率 | 8.9% | 29.0% |
| 营收同比 | -4.0% | -9.8% |
| 净利润同比 | -13.4% | 56.7% |
| 每股收益（稀释后） | $0.39 | $0.48 |
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LEVIPR
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
净利润LEVIPR
| Q4 25 | $158.0M | $339.5M | ||
| Q3 25 | $218.1M | $59.2M | ||
| Q2 25 | $67.0M | $207.1M | ||
| Q1 25 | $135.0M | $329.3M | ||
| Q4 24 | $182.5M | $216.7M | ||
| Q3 24 | $20.7M | $386.4M | ||
| Q2 24 | $18.0M | $235.1M | ||
| Q1 24 | $-10.6M | $146.6M |
毛利率LEVIPR
| 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LEVIPR
| Q4 25 | 11.9% | 23.1% | ||
| Q3 25 | 10.8% | 29.6% | ||
| Q2 25 | 7.5% | 24.8% | ||
| Q1 25 | 12.5% | 36.6% | ||
| Q4 24 | 11.5% | 32.8% | ||
| Q3 24 | 2.0% | 32.5% | ||
| Q2 24 | 1.5% | 36.5% | ||
| Q1 24 | -0.0% | 37.7% |
净利率LEVIPR
| Q4 25 | 8.9% | 29.0% | ||
| Q3 25 | 14.1% | 4.5% | ||
| Q2 25 | 4.6% | 17.3% | ||
| Q1 25 | 8.8% | 23.9% | ||
| Q4 24 | 9.9% | 16.7% | ||
| Q3 24 | 1.4% | 31.8% | ||
| Q2 24 | 1.2% | 18.9% | ||
| Q1 24 | -0.7% | 11.8% |
每股收益（稀释后）LEVIPR
| Q4 25 | $0.39 | $0.48 | ||
| Q3 25 | $0.55 | $0.08 | ||
| Q2 25 | $0.17 | $0.28 | ||
| Q1 25 | $0.34 | $0.44 | ||
| Q4 24 | $0.46 | $0.31 | ||
| Q3 24 | $0.05 | $0.53 | ||
| Q2 24 | $0.04 | $0.36 | ||
| Q1 24 | $-0.03 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | $1.1B | $3.5B |
| 股东权益账面价值 | $2.3B | $10.3B |
| 总资产 | $6.8B | $17.9B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资LEVIPR
| Q4 25 | $848.8M | $153.7M | ||
| Q3 25 | $707.5M | $111.8M | ||
| Q2 25 | $736.7M | $451.0M | ||
| Q1 25 | $574.4M | $702.2M | ||
| Q4 24 | $690.0M | $479.3M | ||
| Q3 24 | $577.1M | $272.0M | ||
| Q2 24 | $641.4M | $47.8M | ||
| Q1 24 | $516.7M | $12.7M |
总债务LEVIPR
| Q4 25 | $1.1B | $3.5B | ||
| Q3 25 | $1.0B | $3.5B | ||
| Q2 25 | $1.0B | $4.0B | ||
| Q1 25 | $987.4M | $4.0B | ||
| Q4 24 | $994.0M | $4.2B | ||
| Q3 24 | $1.0B | $4.2B | ||
| Q2 24 | $1.0B | $3.9B | ||
| Q1 24 | $1.0B | $3.9B |
股东权益LEVIPR
| Q4 25 | $2.3B | $10.3B | ||
| Q3 25 | $2.2B | $10.0B | ||
| Q2 25 | $2.1B | $9.5B | ||
| Q1 25 | $2.0B | $9.4B | ||
| Q4 24 | $2.0B | $9.1B | ||
| Q3 24 | $1.9B | $9.0B | ||
| Q2 24 | $2.0B | $8.3B | ||
| Q1 24 | $2.0B | $7.0B |
总资产LEVIPR
| Q4 25 | $6.8B | $17.9B | ||
| Q3 25 | $6.7B | $17.3B | ||
| Q2 25 | $6.5B | $17.5B | ||
| Q1 25 | $6.2B | $17.1B | ||
| Q4 24 | $6.4B | $16.9B | ||
| Q3 24 | $6.3B | $16.6B | ||
| Q2 24 | $6.2B | $15.4B | ||
| Q1 24 | $6.0B | $15.1B |
负债/权益比LEVIPR
| Q4 25 | 0.46× | 0.34× | ||
| Q3 25 | 0.48× | 0.35× | ||
| Q2 25 | 0.49× | 0.42× | ||
| Q1 25 | 0.49× | 0.43× | ||
| Q4 24 | 0.50× | 0.46× | ||
| Q3 24 | 0.54× | 0.47× | ||
| Q2 24 | 0.51× | 0.46× | ||
| Q1 24 | 0.51× | 0.56× |
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 | $904.3M |
| 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× | 2.66× |
| 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LEVIPR
| Q4 25 | $266.8M | $904.3M | ||
| Q3 25 | $24.8M | $766.5M | ||
| Q2 25 | $185.5M | $1.0B | ||
| Q1 25 | $52.5M | $898.0M | ||
| Q4 24 | $297.3M | $871.6M | ||
| Q3 24 | $52.3M | $954.4M | ||
| Q2 24 | $262.8M | $938.4M | ||
| Q1 24 | $286.0M | $647.6M |
自由现金流LEVIPR
| 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LEVIPR
| 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LEVIPR
| 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LEVIPR
| Q4 25 | 1.69× | 2.66× | ||
| Q3 25 | 0.11× | 12.94× | ||
| Q2 25 | 2.77× | 5.01× | ||
| Q1 25 | 0.39× | 2.73× | ||
| Q4 24 | 1.63× | 4.02× | ||
| Q3 24 | 2.53× | 2.47× | ||
| Q2 24 | 14.60× | 3.99× | ||
| Q1 24 | — | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
