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露露乐蒙（LULU）与Ulta Beauty（ULTA）财务数据对比。点击上方公司名可切换其他公司
Ulta Beauty的季度营收约是露露乐蒙的1.1倍（$2.9B vs $2.6B），露露乐蒙净利率更高（12.0% vs 8.1%，领先3.9%），Ulta Beauty同比增速更快（12.9% vs 7.1%），露露乐蒙自由现金流更多（$82.4M vs $-81.6M），过去两年Ulta Beauty的营收复合增速更高（7.2% 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。
Ulta Beauty是美国头部美妆连锁品牌，总部位于伊利诺伊州博林布鲁克，旗下门店在售商品覆盖高低端彩妆、香水、美甲、身体护理、美发产品及美妆工具等全品类美妆个护产品，每家门店均配备对外开放的美容沙龙，为消费者提供一站式美妆消费及服务体验。
LULU vs ULTA — 直观对比
营收规模更大
ULTA
是对方的1.1倍
$2.6B
营收增速更快
ULTA
高出5.9%
7.1%
净利率更高
LULU
高出3.9%
8.1%
自由现金流更多
LULU
多$164.1M
$-81.6M
两年增速更快
ULTA
近两年复合增速
-10.5%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.9B |
| 净利润 | $306.8M | $230.9M |
| 毛利率 | 55.6% | 40.4% |
| 营业利润率 | 17.0% | 10.8% |
| 净利率 | 12.0% | 8.1% |
| 营收同比 | 7.1% | 12.9% |
| 净利润同比 | -12.8% | -4.7% |
| 每股收益（稀释后） | $2.59 | $5.14 |
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LULUULTA
| Q4 25 | $2.6B | $2.9B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $2.4B | $2.6B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $3.2B | $3.6B |
净利润LULUULTA
| Q4 25 | $306.8M | $230.9M | ||
| Q3 25 | $370.9M | $260.9M | ||
| Q2 25 | $314.6M | $305.1M | ||
| Q1 25 | $748.4M | — | ||
| Q4 24 | $351.9M | $242.2M | ||
| Q3 24 | $392.9M | $252.6M | ||
| Q2 24 | $321.4M | $313.1M | ||
| Q1 24 | $669.5M | $394.4M |
毛利率LULUULTA
| Q4 25 | 55.6% | 40.4% | ||
| Q3 25 | 58.5% | 39.2% | ||
| Q2 25 | 58.3% | 39.1% | ||
| Q1 25 | 60.4% | — | ||
| Q4 24 | 58.5% | 39.7% | ||
| Q3 24 | 59.6% | 38.3% | ||
| Q2 24 | 57.7% | 39.2% | ||
| Q1 24 | 59.4% | 37.7% |
营业利润率LULUULTA
| Q4 25 | 17.0% | 10.8% | ||
| Q3 25 | 20.7% | 12.4% | ||
| Q2 25 | 18.5% | 14.1% | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 20.5% | 12.6% | ||
| Q3 24 | 22.8% | 12.9% | ||
| Q2 24 | 19.6% | 14.7% | ||
| Q1 24 | 28.5% | 14.5% |
净利率LULUULTA
| Q4 25 | 12.0% | 8.1% | ||
| Q3 25 | 14.7% | 9.4% | ||
| Q2 25 | 13.3% | 10.7% | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 14.7% | 9.6% | ||
| Q3 24 | 16.6% | 9.9% | ||
| Q2 24 | 14.6% | 11.5% | ||
| Q1 24 | 20.9% | 11.1% |
每股收益（稀释后）LULUULTA
| Q4 25 | $2.59 | $5.14 | ||
| Q3 25 | $3.10 | $5.78 | ||
| Q2 25 | $2.60 | $6.70 | ||
| Q1 25 | $6.08 | — | ||
| Q4 24 | $2.87 | $5.14 | ||
| Q3 24 | $3.15 | $5.30 | ||
| Q2 24 | $2.54 | $6.47 | ||
| Q1 24 | $5.28 | $8.06 |
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 | — | $204.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5B | $2.6B |
| 总资产 | $8.0B | $7.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LULUULTA
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $242.7M | ||
| Q2 25 | — | $454.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $177.8M | ||
| Q3 24 | — | $414.0M | ||
| Q2 24 | — | $524.6M | ||
| Q1 24 | — | $766.6M |
股东权益LULUULTA
| Q4 25 | $4.5B | $2.6B | ||
| Q3 25 | $4.4B | $2.6B | ||
| Q2 25 | $4.3B | $2.4B | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $4.2B | $2.3B | ||
| Q1 24 | $4.2B | $2.3B |
总资产LULUULTA
| Q4 25 | $8.0B | $7.0B | ||
| Q3 25 | $7.5B | $6.6B | ||
| Q2 25 | $7.4B | $6.0B | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.1B | $6.0B | ||
| Q3 24 | $6.7B | $5.7B | ||
| Q2 24 | $6.8B | $5.6B | ||
| Q1 24 | $7.1B | $5.7B |
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 | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $82.4M | $-81.6M |
| 自由现金流率自由现金流/营收 | 3.2% | -2.9% |
| 资本支出强度资本支出/营收 | 6.5% | 3.1% |
| 现金转化率经营现金流/净利润 | 0.81× | 0.02× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-92.2M |
8季度趋势，按日历期对齐
经营现金流LULUULTA
| Q4 25 | $249.9M | $5.6M | ||
| Q3 25 | $328.7M | $96.5M | ||
| Q2 25 | $-119.0M | $220.0M | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $300.7M | $-56.8M | ||
| Q3 24 | $443.1M | $199.5M | ||
| Q2 24 | $127.5M | $159.3M | ||
| Q1 24 | $1.4B | $1.1B |
自由现金流LULUULTA
| Q4 25 | $82.4M | $-81.6M | ||
| Q3 25 | $150.8M | $19.6M | ||
| Q2 25 | $-271.2M | $141.0M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $122.2M | $-171.1M | ||
| Q3 24 | $298.1M | $104.3M | ||
| Q2 24 | $-3.2M | $68.3M | ||
| Q1 24 | $1.2B | $994.0M |
自由现金流率LULUULTA
| Q4 25 | 3.2% | -2.9% | ||
| Q3 25 | 6.0% | 0.7% | ||
| Q2 25 | -11.4% | 4.9% | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | 5.1% | -6.8% | ||
| Q3 24 | 12.6% | 4.1% | ||
| Q2 24 | -0.1% | 2.5% | ||
| Q1 24 | 36.7% | 28.0% |
资本支出强度LULUULTA
| Q4 25 | 6.5% | 3.1% | ||
| Q3 25 | 7.0% | 2.8% | ||
| Q2 25 | 6.4% | 2.8% | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 7.4% | 4.5% | ||
| Q3 24 | 6.1% | 3.7% | ||
| Q2 24 | 5.9% | 3.3% | ||
| Q1 24 | 6.4% | 3.5% |
现金转化率LULUULTA
| Q4 25 | 0.81× | 0.02× | ||
| Q3 25 | 0.89× | 0.37× | ||
| Q2 25 | -0.38× | 0.72× | ||
| Q1 25 | 1.87× | — | ||
| Q4 24 | 0.85× | -0.23× | ||
| Q3 24 | 1.13× | 0.79× | ||
| Q2 24 | 0.40× | 0.51× | ||
| Q1 24 | 2.07× | 2.84× |
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% |
ULTA
暂无分部数据
