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李维斯（LEVI）与摩森康胜饮品公司（TAP）财务数据对比。点击上方公司名可切换其他公司
摩森康胜饮品公司的季度营收约是李维斯的1.8倍（$3.1B vs $1.8B），李维斯净利率更高（8.9% vs 7.6%，领先1.3%），摩森康胜饮品公司同比增速更快（-3.6% vs -4.0%），摩森康胜饮品公司自由现金流更多（$357.8M vs $215.7M），过去两年李维斯的营收复合增速更高（6.5% vs 1.2%）
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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
LEVI vs TAP — 直观对比
营收规模更大
TAP
是对方的1.8倍
$1.8B
营收增速更快
TAP
高出0.4%
-4.0%
净利率更高
LEVI
高出1.3%
7.6%
自由现金流更多
TAP
多$142.1M
$215.7M
两年增速更快
LEVI
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.1B |
| 净利润 | $158.0M | $238.3M |
| 毛利率 | 60.8% | 31.0% |
| 营业利润率 | 11.9% | 10.4% |
| 净利率 | 8.9% | 7.6% |
| 营收同比 | -4.0% | -3.6% |
| 净利润同比 | -13.4% | -17.2% |
| 每股收益（稀释后） | $0.39 | $1.32 |
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LEVITAP
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.8B | $3.2B | ||
| Q3 24 | $1.5B | $3.6B | ||
| Q2 24 | $1.4B | $3.8B | ||
| Q1 24 | $1.6B | $3.0B |
净利润LEVITAP
| Q4 25 | $158.0M | $238.3M | ||
| Q3 25 | $218.1M | $-2.9B | ||
| Q2 25 | $67.0M | $428.7M | ||
| Q1 25 | $135.0M | $121.0M | ||
| Q4 24 | $182.5M | $287.8M | ||
| Q3 24 | $20.7M | $199.8M | ||
| Q2 24 | $18.0M | $427.0M | ||
| Q1 24 | $-10.6M | $207.8M |
毛利率LEVITAP
| Q4 25 | 60.8% | 31.0% | ||
| Q3 25 | 61.7% | 33.7% | ||
| Q2 25 | 62.6% | 34.3% | ||
| Q1 25 | 62.1% | 31.6% | ||
| Q4 24 | 61.3% | 32.0% | ||
| Q3 24 | 60.0% | 33.4% | ||
| Q2 24 | 60.5% | 34.6% | ||
| Q1 24 | 58.2% | 31.6% |
营业利润率LEVITAP
| Q4 25 | 11.9% | 10.4% | ||
| Q3 25 | 10.8% | -98.5% | ||
| Q2 25 | 7.5% | 15.6% | ||
| Q1 25 | 12.5% | 6.9% | ||
| Q4 24 | 11.5% | 12.0% | ||
| Q3 24 | 2.0% | 12.5% | ||
| Q2 24 | 1.5% | 15.6% | ||
| Q1 24 | -0.0% | 10.3% |
净利率LEVITAP
| Q4 25 | 8.9% | 7.6% | ||
| Q3 25 | 14.1% | -84.0% | ||
| Q2 25 | 4.6% | 11.5% | ||
| Q1 25 | 8.8% | 4.5% | ||
| Q4 24 | 9.9% | 8.9% | ||
| Q3 24 | 1.4% | 5.5% | ||
| Q2 24 | 1.2% | 11.1% | ||
| Q1 24 | -0.7% | 6.8% |
每股收益（稀释后）LEVITAP
| Q4 25 | $0.39 | $1.32 | ||
| Q3 25 | $0.55 | $-14.79 | ||
| Q2 25 | $0.17 | $2.13 | ||
| Q1 25 | $0.34 | $0.59 | ||
| Q4 24 | $0.46 | $1.39 | ||
| Q3 24 | $0.05 | $0.96 | ||
| Q2 24 | $0.04 | $2.03 | ||
| Q1 24 | $-0.03 | $0.97 |
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 | $896.5M |
| 总债务越低越好 | $1.1B | $6.3B |
| 股东权益账面价值 | $2.3B | $10.2B |
| 总资产 | $6.8B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资LEVITAP
| Q4 25 | $848.8M | $896.5M | ||
| Q3 25 | $707.5M | $950.2M | ||
| Q2 25 | $736.7M | $613.8M | ||
| Q1 25 | $574.4M | $412.7M | ||
| Q4 24 | $690.0M | $969.3M | ||
| Q3 24 | $577.1M | $1.0B | ||
| Q2 24 | $641.4M | $1.6B | ||
| Q1 24 | $516.7M | $458.4M |
总债务LEVITAP
| Q4 25 | $1.1B | $6.3B | ||
| Q3 25 | $1.0B | $6.3B | ||
| Q2 25 | $1.0B | $6.3B | ||
| Q1 25 | $987.4M | $6.2B | ||
| Q4 24 | $994.0M | $6.1B | ||
| Q3 24 | $1.0B | $6.2B | ||
| Q2 24 | $1.0B | $7.0B | ||
| Q1 24 | $1.0B | $6.2B |
股东权益LEVITAP
| Q4 25 | $2.3B | $10.2B | ||
| Q3 25 | $2.2B | $10.3B | ||
| Q2 25 | $2.1B | $13.4B | ||
| Q1 25 | $2.0B | $13.1B | ||
| Q4 24 | $2.0B | $13.1B | ||
| Q3 24 | $1.9B | $13.3B | ||
| Q2 24 | $2.0B | $13.2B | ||
| Q1 24 | $2.0B | $13.1B |
总资产LEVITAP
| Q4 25 | $6.8B | $22.7B | ||
| Q3 25 | $6.7B | $22.9B | ||
| Q2 25 | $6.5B | $26.8B | ||
| Q1 25 | $6.2B | $25.9B | ||
| Q4 24 | $6.4B | $26.1B | ||
| Q3 24 | $6.3B | $26.6B | ||
| Q2 24 | $6.2B | $27.4B | ||
| Q1 24 | $6.0B | $26.1B |
负债/权益比LEVITAP
| Q4 25 | 0.46× | 0.61× | ||
| Q3 25 | 0.48× | 0.61× | ||
| Q2 25 | 0.49× | 0.47× | ||
| Q1 25 | 0.49× | 0.47× | ||
| Q4 24 | 0.50× | 0.47× | ||
| Q3 24 | 0.54× | 0.47× | ||
| Q2 24 | 0.51× | 0.53× | ||
| Q1 24 | 0.51× | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $357.8M |
| 自由现金流率自由现金流/营收 | 12.2% | 11.4% |
| 资本支出强度资本支出/营收 | 2.9% | 5.9% |
| 现金转化率经营现金流/净利润 | 1.69× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LEVITAP
| Q4 25 | $266.8M | $540.7M | ||
| Q3 25 | $24.8M | $616.1M | ||
| Q2 25 | $185.5M | $718.3M | ||
| Q1 25 | $52.5M | $-90.7M | ||
| Q4 24 | $297.3M | $494.5M | ||
| Q3 24 | $52.3M | $521.2M | ||
| Q2 24 | $262.8M | $869.2M | ||
| Q1 24 | $286.0M | $25.4M |
自由现金流LEVITAP
| Q4 25 | $215.7M | $357.8M | ||
| Q3 25 | $-39.4M | $483.0M | ||
| Q2 25 | $146.0M | $555.0M | ||
| Q1 25 | $-14.1M | $-328.0M | ||
| Q4 24 | $231.6M | $383.4M | ||
| Q3 24 | $2.3M | $350.4M | ||
| Q2 24 | $222.6M | $691.7M | ||
| Q1 24 | $214.4M | $-189.3M |
自由现金流率LEVITAP
| Q4 25 | 12.2% | 11.4% | ||
| Q3 25 | -2.6% | 13.9% | ||
| Q2 25 | 10.1% | 14.8% | ||
| Q1 25 | -0.9% | -12.2% | ||
| Q4 24 | 12.6% | 11.8% | ||
| Q3 24 | 0.2% | 9.7% | ||
| Q2 24 | 15.4% | 18.0% | ||
| Q1 24 | 13.8% | -6.2% |
资本支出强度LEVITAP
| Q4 25 | 2.9% | 5.9% | ||
| Q3 25 | 4.2% | 3.8% | ||
| Q2 25 | 2.7% | 4.4% | ||
| Q1 25 | 4.4% | 8.8% | ||
| Q4 24 | 3.6% | 3.4% | ||
| Q3 24 | 3.3% | 4.7% | ||
| Q2 24 | 2.8% | 4.6% | ||
| Q1 24 | 4.6% | 7.0% |
现金转化率LEVITAP
| Q4 25 | 1.69× | 2.27× | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 2.77× | 1.68× | ||
| Q1 25 | 0.39× | -0.75× | ||
| Q4 24 | 1.63× | 1.72× | ||
| Q3 24 | 2.53× | 2.61× | ||
| Q2 24 | 14.60× | 2.04× | ||
| Q1 24 | — | 0.12× |
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% |
TAP
暂无分部数据
