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李维斯（LEVI）与Toast, Inc.（TOST）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Toast, Inc.的1.1倍（$1.8B vs $1.6B），李维斯净利率更高（8.9% vs 6.2%，领先2.8%），Toast, Inc.同比增速更快（22.0% vs -4.0%），李维斯自由现金流更多（$215.7M vs $178.0M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 6.5%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
LEVI vs TOST — 直观对比
营收规模更大
LEVI
是对方的1.1倍
$1.6B
营收增速更快
TOST
高出26.1%
-4.0%
净利率更高
LEVI
高出2.8%
6.2%
自由现金流更多
LEVI
多$37.7M
$178.0M
两年增速更快
TOST
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.6B |
| 净利润 | $158.0M | $101.0M |
| 毛利率 | 60.8% | 25.9% |
| 营业利润率 | 11.9% | 5.2% |
| 净利率 | 8.9% | 6.2% |
| 营收同比 | -4.0% | 22.0% |
| 净利润同比 | -13.4% | 215.6% |
| 每股收益（稀释后） | $0.39 | $0.18 |
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LEVITOST
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.6B | $1.1B |
净利润LEVITOST
| Q4 25 | $158.0M | $101.0M | ||
| Q3 25 | $218.1M | $105.0M | ||
| Q2 25 | $67.0M | $80.0M | ||
| Q1 25 | $135.0M | $56.0M | ||
| Q4 24 | $182.5M | $32.0M | ||
| Q3 24 | $20.7M | $56.0M | ||
| Q2 24 | $18.0M | $14.0M | ||
| Q1 24 | $-10.6M | $-83.0M |
毛利率LEVITOST
| Q4 25 | 60.8% | 25.9% | ||
| Q3 25 | 61.7% | 26.5% | ||
| Q2 25 | 62.6% | 25.3% | ||
| Q1 25 | 62.1% | 25.9% | ||
| Q4 24 | 61.3% | 24.9% | ||
| Q3 24 | 60.0% | 24.7% | ||
| Q2 24 | 60.5% | 23.0% | ||
| Q1 24 | 58.2% | 23.2% |
营业利润率LEVITOST
| Q4 25 | 11.9% | 5.2% | ||
| Q3 25 | 10.8% | 5.1% | ||
| Q2 25 | 7.5% | 5.2% | ||
| Q1 25 | 12.5% | 3.2% | ||
| Q4 24 | 11.5% | 2.5% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | -0.0% | -5.2% |
净利率LEVITOST
| Q4 25 | 8.9% | 6.2% | ||
| Q3 25 | 14.1% | 6.4% | ||
| Q2 25 | 4.6% | 5.2% | ||
| Q1 25 | 8.8% | 4.2% | ||
| Q4 24 | 9.9% | 2.4% | ||
| Q3 24 | 1.4% | 4.3% | ||
| Q2 24 | 1.2% | 1.1% | ||
| Q1 24 | -0.7% | -7.7% |
每股收益（稀释后）LEVITOST
| Q4 25 | $0.39 | $0.18 | ||
| Q3 25 | $0.55 | $0.16 | ||
| Q2 25 | $0.17 | $0.13 | ||
| Q1 25 | $0.34 | $0.09 | ||
| Q4 24 | $0.46 | $0.09 | ||
| Q3 24 | $0.05 | $0.07 | ||
| Q2 24 | $0.04 | $0.02 | ||
| Q1 24 | $-0.03 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.3B | $2.1B |
| 总资产 | $6.8B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LEVITOST
| Q4 25 | $848.8M | $1.4B | ||
| Q3 25 | $707.5M | $1.4B | ||
| Q2 25 | $736.7M | $1.2B | ||
| Q1 25 | $574.4M | $1.0B | ||
| Q4 24 | $690.0M | $903.0M | ||
| Q3 24 | $577.1M | $761.0M | ||
| Q2 24 | $641.4M | $691.0M | ||
| Q1 24 | $516.7M | $578.0M |
总债务LEVITOST
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVITOST
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
总资产LEVITOST
| Q4 25 | $6.8B | $3.1B | ||
| Q3 25 | $6.7B | $3.0B | ||
| Q2 25 | $6.5B | $2.8B | ||
| Q1 25 | $6.2B | $2.6B | ||
| Q4 24 | $6.4B | $2.4B | ||
| Q3 24 | $6.3B | $2.2B | ||
| Q2 24 | $6.2B | $2.2B | ||
| Q1 24 | $6.0B | $2.1B |
负债/权益比LEVITOST
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | — | ||
| 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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $178.0M |
| 自由现金流率自由现金流/营收 | 12.2% | 10.9% |
| 资本支出强度资本支出/营收 | 2.9% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.69× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $608.0M |
8季度趋势，按日历期对齐
经营现金流LEVITOST
| Q4 25 | $266.8M | $194.0M | ||
| Q3 25 | $24.8M | $165.0M | ||
| Q2 25 | $185.5M | $223.0M | ||
| Q1 25 | $52.5M | $79.0M | ||
| Q4 24 | $297.3M | $147.0M | ||
| Q3 24 | $52.3M | $109.0M | ||
| Q2 24 | $262.8M | $124.0M | ||
| Q1 24 | $286.0M | $-20.0M |
自由现金流LEVITOST
| Q4 25 | $215.7M | $178.0M | ||
| Q3 25 | $-39.4M | $153.0M | ||
| Q2 25 | $146.0M | $208.0M | ||
| Q1 25 | $-14.1M | $69.0M | ||
| Q4 24 | $231.6M | $134.0M | ||
| Q3 24 | $2.3M | $97.0M | ||
| Q2 24 | $222.6M | $108.0M | ||
| Q1 24 | $214.4M | $-33.0M |
自由现金流率LEVITOST
| Q4 25 | 12.2% | 10.9% | ||
| Q3 25 | -2.6% | 9.4% | ||
| Q2 25 | 10.1% | 13.4% | ||
| Q1 25 | -0.9% | 5.2% | ||
| Q4 24 | 12.6% | 10.0% | ||
| Q3 24 | 0.2% | 7.4% | ||
| Q2 24 | 15.4% | 8.7% | ||
| Q1 24 | 13.8% | -3.1% |
资本支出强度LEVITOST
| Q4 25 | 2.9% | 1.0% | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 2.7% | 1.0% | ||
| Q1 25 | 4.4% | 0.7% | ||
| Q4 24 | 3.6% | 1.0% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 2.8% | 1.3% | ||
| Q1 24 | 4.6% | 1.2% |
现金转化率LEVITOST
| Q4 25 | 1.69× | 1.92× | ||
| Q3 25 | 0.11× | 1.57× | ||
| Q2 25 | 2.77× | 2.79× | ||
| Q1 25 | 0.39× | 1.41× | ||
| Q4 24 | 1.63× | 4.59× | ||
| Q3 24 | 2.53× | 1.95× | ||
| Q2 24 | 14.60× | 8.86× | ||
| Q1 24 | — | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
