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李维斯（LEVI）与惠好（WY）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惠好的1.1倍（$1.8B vs $1.5B），李维斯净利率更高（8.9% vs 4.8%，领先4.1%），李维斯同比增速更快（-4.0% vs -9.8%），李维斯自由现金流更多（$215.7M vs $-128.0M），过去两年李维斯的营收复合增速更高（6.5% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
LEVI vs WY — 直观对比
营收规模更大
LEVI
是对方的1.1倍
$1.5B
营收增速更快
LEVI
高出5.8%
-9.8%
净利率更高
LEVI
高出4.1%
4.8%
自由现金流更多
LEVI
多$343.7M
$-128.0M
两年增速更快
LEVI
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $158.0M | $74.0M |
| 毛利率 | 60.8% | 10.4% |
| 营业利润率 | 11.9% | 16.3% |
| 净利率 | 8.9% | 4.8% |
| 营收同比 | -4.0% | -9.8% |
| 净利润同比 | -13.4% | -8.6% |
| 每股收益（稀释后） | $0.39 | $0.11 |
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LEVIWY
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.6B | $1.8B |
净利润LEVIWY
| Q4 25 | $158.0M | $74.0M | ||
| Q3 25 | $218.1M | $80.0M | ||
| Q2 25 | $67.0M | $87.0M | ||
| Q1 25 | $135.0M | $83.0M | ||
| Q4 24 | $182.5M | $81.0M | ||
| Q3 24 | $20.7M | $28.0M | ||
| Q2 24 | $18.0M | $173.0M | ||
| Q1 24 | $-10.6M | $114.0M |
毛利率LEVIWY
| Q4 25 | 60.8% | 10.4% | ||
| Q3 25 | 61.7% | 11.9% | ||
| Q2 25 | 62.6% | 17.3% | ||
| Q1 25 | 62.1% | 19.0% | ||
| Q4 24 | 61.3% | 17.8% | ||
| Q3 24 | 60.0% | 14.9% | ||
| Q2 24 | 60.5% | 20.8% | ||
| Q1 24 | 58.2% | 19.8% |
营业利润率LEVIWY
| Q4 25 | 11.9% | 16.3% | ||
| Q3 25 | 10.8% | 7.2% | ||
| Q2 25 | 7.5% | 9.4% | ||
| Q1 25 | 12.5% | 10.2% | ||
| Q4 24 | 11.5% | 8.3% | ||
| Q3 24 | 2.0% | 4.6% | ||
| Q2 24 | 1.5% | 13.9% | ||
| Q1 24 | -0.0% | 10.9% |
净利率LEVIWY
| Q4 25 | 8.9% | 4.8% | ||
| Q3 25 | 14.1% | 4.7% | ||
| Q2 25 | 4.6% | 4.6% | ||
| Q1 25 | 8.8% | 4.7% | ||
| Q4 24 | 9.9% | 4.7% | ||
| Q3 24 | 1.4% | 1.7% | ||
| Q2 24 | 1.2% | 8.9% | ||
| Q1 24 | -0.7% | 6.3% |
每股收益（稀释后）LEVIWY
| Q4 25 | $0.39 | $0.11 | ||
| Q3 25 | $0.55 | $0.11 | ||
| Q2 25 | $0.17 | $0.12 | ||
| Q1 25 | $0.34 | $0.11 | ||
| Q4 24 | $0.46 | $0.10 | ||
| Q3 24 | $0.05 | $0.04 | ||
| Q2 24 | $0.04 | $0.24 | ||
| Q1 24 | $-0.03 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $1.1B | $5.6B |
| 股东权益账面价值 | $2.3B | $9.4B |
| 总资产 | $6.8B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资LEVIWY
| Q4 25 | $848.8M | $464.0M | ||
| Q3 25 | $707.5M | $401.0M | ||
| Q2 25 | $736.7M | $592.0M | ||
| Q1 25 | $574.4M | $560.0M | ||
| Q4 24 | $690.0M | $684.0M | ||
| Q3 24 | $577.1M | $877.0M | ||
| Q2 24 | $641.4M | $997.0M | ||
| Q1 24 | $516.7M | $871.0M |
总债务LEVIWY
| Q4 25 | $1.1B | $5.6B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | $5.1B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益LEVIWY
| Q4 25 | $2.3B | $9.4B | ||
| Q3 25 | $2.2B | $9.4B | ||
| Q2 25 | $2.1B | $9.5B | ||
| Q1 25 | $2.0B | $9.6B | ||
| Q4 24 | $2.0B | $9.7B | ||
| Q3 24 | $1.9B | $9.9B | ||
| Q2 24 | $2.0B | $10.0B | ||
| Q1 24 | $2.0B | $10.1B |
总资产LEVIWY
| Q4 25 | $6.8B | $16.6B | ||
| Q3 25 | $6.7B | $16.7B | ||
| Q2 25 | $6.5B | $16.5B | ||
| Q1 25 | $6.2B | $16.5B | ||
| Q4 24 | $6.4B | $16.5B | ||
| Q3 24 | $6.3B | $16.7B | ||
| Q2 24 | $6.2B | $16.8B | ||
| Q1 24 | $6.0B | $16.8B |
负债/权益比LEVIWY
| Q4 25 | 0.46× | 0.59× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $-128.0M |
| 自由现金流率自由现金流/营收 | 12.2% | -8.3% |
| 资本支出强度资本支出/营收 | 2.9% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.69× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $308.2M | $511.0M |
8季度趋势，按日历期对齐
经营现金流LEVIWY
| Q4 25 | $266.8M | $-114.0M | ||
| Q3 25 | $24.8M | $210.0M | ||
| Q2 25 | $185.5M | $396.0M | ||
| Q1 25 | $52.5M | $70.0M | ||
| Q4 24 | $297.3M | $218.0M | ||
| Q3 24 | $52.3M | $234.0M | ||
| Q2 24 | $262.8M | $432.0M | ||
| Q1 24 | $286.0M | $124.0M |
自由现金流LEVIWY
| Q4 25 | $215.7M | $-128.0M | ||
| Q3 25 | $-39.4M | $203.0M | ||
| Q2 25 | $146.0M | $388.0M | ||
| Q1 25 | $-14.1M | $48.0M | ||
| Q4 24 | $231.6M | $205.0M | ||
| Q3 24 | $2.3M | $226.0M | ||
| Q2 24 | $222.6M | $423.0M | ||
| Q1 24 | $214.4M | $102.0M |
自由现金流率LEVIWY
| Q4 25 | 12.2% | -8.3% | ||
| Q3 25 | -2.6% | 11.8% | ||
| Q2 25 | 10.1% | 20.6% | ||
| Q1 25 | -0.9% | 2.7% | ||
| Q4 24 | 12.6% | 12.0% | ||
| Q3 24 | 0.2% | 13.4% | ||
| Q2 24 | 15.4% | 21.8% | ||
| Q1 24 | 13.8% | 5.7% |
资本支出强度LEVIWY
| Q4 25 | 2.9% | 0.9% | ||
| Q3 25 | 4.2% | 0.4% | ||
| Q2 25 | 2.7% | 0.4% | ||
| Q1 25 | 4.4% | 1.2% | ||
| Q4 24 | 3.6% | 0.8% | ||
| Q3 24 | 3.3% | 0.5% | ||
| Q2 24 | 2.8% | 0.5% | ||
| Q1 24 | 4.6% | 1.2% |
现金转化率LEVIWY
| Q4 25 | 1.69× | -1.54× | ||
| Q3 25 | 0.11× | 2.63× | ||
| Q2 25 | 2.77× | 4.55× | ||
| Q1 25 | 0.39× | 0.84× | ||
| Q4 24 | 1.63× | 2.69× | ||
| Q3 24 | 2.53× | 8.36× | ||
| Q2 24 | 14.60× | 2.50× | ||
| Q1 24 | — | 1.09× |
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% |
WY
暂无分部数据
