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李维斯（LEVI）与天宝（TRMB）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天宝的1.8倍（$1.8B vs $969.8M），天宝净利率更高（16.1% vs 8.9%，领先7.2%），李维斯同比增速更快（-4.0% vs -73.7%），天宝自由现金流更多（$360.9M vs $215.7M），过去两年李维斯的营收复合增速更高（6.5% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
LEVI vs TRMB — 直观对比
营收规模更大
LEVI
是对方的1.8倍
$969.8M
营收增速更快
LEVI
高出69.7%
-73.7%
净利率更高
TRMB
高出7.2%
8.9%
自由现金流更多
TRMB
多$145.2M
$215.7M
两年增速更快
LEVI
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $969.8M |
| 净利润 | $158.0M | $156.6M |
| 毛利率 | 60.8% | 72.0% |
| 营业利润率 | 11.9% | 22.3% |
| 净利率 | 8.9% | 16.1% |
| 营收同比 | -4.0% | -73.7% |
| 净利润同比 | -13.4% | 73.6% |
| 每股收益（稀释后） | $0.39 | $0.65 |
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LEVITRMB
| Q4 25 | $1.8B | $901.2M | ||
| Q3 25 | $1.5B | $875.7M | ||
| Q2 25 | $1.4B | $840.6M | ||
| Q1 25 | $1.5B | $983.4M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.5B | $875.8M | ||
| Q2 24 | $1.4B | $870.8M | ||
| Q1 24 | $1.6B | $953.3M |
净利润LEVITRMB
| Q4 25 | $158.0M | $111.5M | ||
| Q3 25 | $218.1M | $89.2M | ||
| Q2 25 | $67.0M | $66.7M | ||
| Q1 25 | $135.0M | $90.2M | ||
| Q4 24 | $182.5M | — | ||
| Q3 24 | $20.7M | $40.6M | ||
| Q2 24 | $18.0M | $1.3B | ||
| Q1 24 | $-10.6M | $57.2M |
毛利率LEVITRMB
| Q4 25 | 60.8% | 68.9% | ||
| Q3 25 | 61.7% | 68.3% | ||
| Q2 25 | 62.6% | 66.7% | ||
| Q1 25 | 62.1% | 69.3% | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 60.0% | 65.7% | ||
| Q2 24 | 60.5% | 62.7% | ||
| Q1 24 | 58.2% | 62.3% |
营业利润率LEVITRMB
| Q4 25 | 11.9% | 16.7% | ||
| Q3 25 | 10.8% | 14.6% | ||
| Q2 25 | 7.5% | 11.6% | ||
| Q1 25 | 12.5% | 17.6% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 2.0% | 13.3% | ||
| Q2 24 | 1.5% | 7.1% | ||
| Q1 24 | -0.0% | 11.5% |
净利率LEVITRMB
| Q4 25 | 8.9% | 12.4% | ||
| Q3 25 | 14.1% | 10.2% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | 8.8% | 9.2% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 1.4% | 4.6% | ||
| Q2 24 | 1.2% | 151.2% | ||
| Q1 24 | -0.7% | 6.0% |
每股收益（稀释后）LEVITRMB
| Q4 25 | $0.39 | $0.46 | ||
| Q3 25 | $0.55 | $0.37 | ||
| Q2 25 | $0.17 | $0.27 | ||
| Q1 25 | $0.34 | $0.36 | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.05 | $0.16 | ||
| Q2 24 | $0.04 | $5.34 | ||
| Q1 24 | $-0.03 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | $1.1B | $1.4B |
| 股东权益账面价值 | $2.3B | $5.8B |
| 总资产 | $6.8B | $9.3B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资LEVITRMB
| Q4 25 | $848.8M | $232.7M | ||
| Q3 25 | $707.5M | $265.9M | ||
| Q2 25 | $736.7M | $290.0M | ||
| Q1 25 | $574.4M | $738.8M | ||
| Q4 24 | $690.0M | — | ||
| Q3 24 | $577.1M | $1.0B | ||
| Q2 24 | $641.4M | $944.1M | ||
| Q1 24 | $516.7M | $255.1M |
总债务LEVITRMB
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | $1.4B | ||
| Q4 24 | $994.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVITRMB
| Q4 25 | $2.3B | $5.8B | ||
| Q3 25 | $2.2B | $5.7B | ||
| Q2 25 | $2.1B | $5.4B | ||
| Q1 25 | $2.0B | $5.7B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $5.9B | ||
| Q2 24 | $2.0B | $5.6B | ||
| Q1 24 | $2.0B | $4.3B |
总资产LEVITRMB
| Q4 25 | $6.8B | $9.0B | ||
| Q3 25 | $6.7B | $9.1B | ||
| Q2 25 | $6.5B | $8.9B | ||
| Q1 25 | $6.2B | $9.5B | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.3B | $9.9B | ||
| Q2 24 | $6.2B | $9.6B | ||
| Q1 24 | $6.0B | $9.3B |
负债/权益比LEVITRMB
| Q4 25 | 0.46× | 0.24× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | 0.24× | ||
| 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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $360.9M |
| 自由现金流率自由现金流/营收 | 12.2% | 37.2% |
| 资本支出强度资本支出/营收 | 2.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.69× | 2.47× |
| 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LEVITRMB
| Q4 25 | $266.8M | — | ||
| Q3 25 | $24.8M | $123.8M | ||
| Q2 25 | $185.5M | $155.6M | ||
| Q1 25 | $52.5M | $115.1M | ||
| Q4 24 | $297.3M | — | ||
| Q3 24 | $52.3M | $94.9M | ||
| Q2 24 | $262.8M | $87.6M | ||
| Q1 24 | $286.0M | $233.8M |
自由现金流LEVITRMB
| Q4 25 | $215.7M | — | ||
| Q3 25 | $-39.4M | $116.6M | ||
| Q2 25 | $146.0M | $149.0M | ||
| Q1 25 | $-14.1M | $109.0M | ||
| Q4 24 | $231.6M | — | ||
| Q3 24 | $2.3M | $88.5M | ||
| Q2 24 | $222.6M | $73.3M | ||
| Q1 24 | $214.4M | $227.0M |
自由现金流率LEVITRMB
| Q4 25 | 12.2% | — | ||
| Q3 25 | -2.6% | 13.3% | ||
| Q2 25 | 10.1% | 17.7% | ||
| Q1 25 | -0.9% | 11.1% | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 0.2% | 10.1% | ||
| Q2 24 | 15.4% | 8.4% | ||
| Q1 24 | 13.8% | 23.8% |
资本支出强度LEVITRMB
| Q4 25 | 2.9% | — | ||
| Q3 25 | 4.2% | 0.8% | ||
| Q2 25 | 2.7% | 0.8% | ||
| Q1 25 | 4.4% | 0.6% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 3.3% | 0.7% | ||
| Q2 24 | 2.8% | 1.6% | ||
| Q1 24 | 4.6% | 0.7% |
现金转化率LEVITRMB
| Q4 25 | 1.69× | — | ||
| Q3 25 | 0.11× | 1.39× | ||
| Q2 25 | 2.77× | 2.33× | ||
| Q1 25 | 0.39× | 1.28× | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 2.53× | 2.34× | ||
| Q2 24 | 14.60× | 0.07× | ||
| Q1 24 | — | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
