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露露乐蒙（LULU）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
露露乐蒙的季度营收约是帕森斯公司的1.6倍（$2.6B vs $1.6B），露露乐蒙净利率更高（12.0% vs 3.5%，领先8.5%），露露乐蒙同比增速更快（7.1% vs -7.5%），帕森斯公司自由现金流更多（$135.6M vs $82.4M），过去两年帕森斯公司的营收复合增速更高（2.2% vs -10.5%）
露露乐蒙是源自美国和加拿大的跨国运动服饰零售商，1998年成立初期主打瑜伽裤及其他瑜伽服饰，目前已拓展业务至运动装备、休闲服饰、配件及个护产品，总部位于加拿大不列颠哥伦比亚省温哥华，共拥有767家线下门店，同时开设官方网站提供线上销售服务。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
LULU vs PSN — 直观对比
营收规模更大
LULU
是对方的1.6倍
$1.6B
营收增速更快
LULU
高出14.6%
-7.5%
净利率更高
LULU
高出8.5%
3.5%
自由现金流更多
PSN
多$53.1M
$82.4M
两年增速更快
PSN
近两年复合增速
-10.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.6B |
| 净利润 | $306.8M | $55.6M |
| 毛利率 | 55.6% | 23.0% |
| 营业利润率 | 17.0% | 6.6% |
| 净利率 | 12.0% | 3.5% |
| 营收同比 | 7.1% | -7.5% |
| 净利润同比 | -12.8% | -72.4% |
| 每股收益（稀释后） | $2.59 | $0.51 |
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LULUPSN
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.4B | $1.6B | ||
| Q1 25 | $3.6B | $1.6B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.2B | $1.7B | ||
| Q1 24 | $3.2B | $1.5B |
净利润LULUPSN
| Q4 25 | $306.8M | $55.6M | ||
| Q3 25 | $370.9M | $64.1M | ||
| Q2 25 | $314.6M | $55.2M | ||
| Q1 25 | $748.4M | $66.2M | ||
| Q4 24 | $351.9M | $201.3M | ||
| Q3 24 | $392.9M | $72.0M | ||
| Q2 24 | $321.4M | $69.2M | ||
| Q1 24 | $669.5M | $-107.4M |
毛利率LULUPSN
| Q4 25 | 55.6% | 23.0% | ||
| Q3 25 | 58.5% | 22.2% | ||
| Q2 25 | 58.3% | 22.0% | ||
| Q1 25 | 60.4% | 22.8% | ||
| Q4 24 | 58.5% | 21.3% | ||
| Q3 24 | 59.6% | 19.9% | ||
| Q2 24 | 57.7% | 21.0% | ||
| Q1 24 | 59.4% | 21.2% |
营业利润率LULUPSN
| Q4 25 | 17.0% | 6.6% | ||
| Q3 25 | 20.7% | 6.7% | ||
| Q2 25 | 18.5% | 6.0% | ||
| Q1 25 | 28.9% | 7.0% | ||
| Q4 24 | 20.5% | 5.8% | ||
| Q3 24 | 22.8% | 6.4% | ||
| Q2 24 | 19.6% | 6.7% | ||
| Q1 24 | 28.5% | 6.6% |
净利率LULUPSN
| Q4 25 | 12.0% | 3.5% | ||
| Q3 25 | 14.7% | 4.0% | ||
| Q2 25 | 13.3% | 3.5% | ||
| Q1 25 | 20.7% | 4.3% | ||
| Q4 24 | 14.7% | 11.6% | ||
| Q3 24 | 16.6% | 4.0% | ||
| Q2 24 | 14.6% | 4.1% | ||
| Q1 24 | 20.9% | -7.0% |
每股收益（稀释后）LULUPSN
| Q4 25 | $2.59 | $0.51 | ||
| Q3 25 | $3.10 | $0.59 | ||
| Q2 25 | $2.60 | $0.50 | ||
| Q1 25 | $6.08 | $0.60 | ||
| Q4 24 | $2.87 | $1.85 | ||
| Q3 24 | $3.15 | $0.65 | ||
| Q2 24 | $2.54 | $0.63 | ||
| Q1 24 | $5.28 | $-1.01 |
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 | — | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $4.5B | $2.6B |
| 总资产 | $8.0B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资LULUPSN
| Q4 25 | — | $466.4M | ||
| Q3 25 | — | $422.6M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $269.7M | ||
| Q4 24 | — | $453.5M | ||
| Q3 24 | — | $558.8M | ||
| Q2 24 | — | $528.5M | ||
| Q1 24 | — | $423.1M |
总债务LULUPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益LULUPSN
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $4.3B | $2.5B | ||
| Q1 25 | $4.3B | $2.5B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $4.2B | $2.2B | ||
| Q1 24 | $4.2B | $2.1B |
总资产LULUPSN
| Q4 25 | $8.0B | $5.8B | ||
| Q3 25 | $7.5B | $5.7B | ||
| Q2 25 | $7.4B | $5.7B | ||
| Q1 25 | $7.6B | $5.4B | ||
| Q4 24 | $7.1B | $5.5B | ||
| Q3 24 | $6.7B | $5.4B | ||
| Q2 24 | $6.8B | $5.2B | ||
| Q1 24 | $7.1B | $5.1B |
负债/权益比LULUPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $249.9M | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $82.4M | $135.6M |
| 自由现金流率自由现金流/营收 | 3.2% | 8.5% |
| 资本支出强度资本支出/营收 | 6.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.81× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $410.4M |
8季度趋势，按日历期对齐
经营现金流LULUPSN
| Q4 25 | $249.9M | $167.5M | ||
| Q3 25 | $328.7M | $162.8M | ||
| Q2 25 | $-119.0M | $159.8M | ||
| Q1 25 | $1.4B | $-11.8M | ||
| Q4 24 | $300.7M | $126.8M | ||
| Q3 24 | $443.1M | $299.0M | ||
| Q2 24 | $127.5M | $161.2M | ||
| Q1 24 | $1.4B | $-63.4M |
自由现金流LULUPSN
| Q4 25 | $82.4M | $135.6M | ||
| Q3 25 | $150.8M | $149.7M | ||
| Q2 25 | $-271.2M | $150.4M | ||
| Q1 25 | $1.2B | $-25.3M | ||
| Q4 24 | $122.2M | $108.0M | ||
| Q3 24 | $298.1M | $287.3M | ||
| Q2 24 | $-3.2M | $152.0M | ||
| Q1 24 | $1.2B | $-72.9M |
自由现金流率LULUPSN
| Q4 25 | 3.2% | 8.5% | ||
| Q3 25 | 6.0% | 9.2% | ||
| Q2 25 | -11.4% | 9.5% | ||
| Q1 25 | 32.3% | -1.6% | ||
| Q4 24 | 5.1% | 6.2% | ||
| Q3 24 | 12.6% | 15.9% | ||
| Q2 24 | -0.1% | 9.1% | ||
| Q1 24 | 36.7% | -4.7% |
资本支出强度LULUPSN
| Q4 25 | 6.5% | 2.0% | ||
| Q3 25 | 7.0% | 0.8% | ||
| Q2 25 | 6.4% | 0.6% | ||
| Q1 25 | 6.5% | 0.9% | ||
| Q4 24 | 7.4% | 1.1% | ||
| Q3 24 | 6.1% | 0.6% | ||
| Q2 24 | 5.9% | 0.6% | ||
| Q1 24 | 6.4% | 0.6% |
现金转化率LULUPSN
| Q4 25 | 0.81× | 3.01× | ||
| Q3 25 | 0.89× | 2.54× | ||
| Q2 25 | -0.38× | 2.89× | ||
| Q1 25 | 1.87× | -0.18× | ||
| Q4 24 | 0.85× | 0.63× | ||
| Q3 24 | 1.13× | 4.16× | ||
| Q2 24 | 0.40× | 2.33× | ||
| Q1 24 | 2.07× | — |
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
LULU
| Womens Apparel | $1.6B | 64% |
| Mens Apparel | $596.2M | 23% |
| Accessories And Other Categories | $324.7M | 13% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
