vs
美泰（MAT）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
泰佩思琦的季度营收约是美泰的2.9倍（$2.5B vs $862.2M），泰佩思琦净利率更高（22.4% vs 7.1%，领先15.4%），泰佩思琦同比增速更快（14.0% vs 4.3%），泰佩思琦自由现金流更多（$1.0B vs $-88.1M），过去两年泰佩思琦的营收复合增速更高（29.9% vs -10.6%）
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
MAT vs TPR — 直观对比
营收规模更大
TPR
是对方的2.9倍
$862.2M
营收增速更快
TPR
高出9.7%
4.3%
净利率更高
TPR
高出15.4%
7.1%
自由现金流更多
TPR
多$1.1B
$-88.1M
两年增速更快
TPR
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $862.2M | $2.5B |
| 净利润 | $61.0M | $561.3M |
| 毛利率 | 44.9% | 75.5% |
| 营业利润率 | — | 28.6% |
| 净利率 | 7.1% | 22.4% |
| 营收同比 | 4.3% | 14.0% |
| 净利润同比 | 251.4% | 80.8% |
| 每股收益（稀释后） | $0.20 | $2.68 |
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MATTPR
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $826.6M | $1.6B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B |
净利润MATTPR
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $561.3M | ||
| Q3 25 | $278.4M | $274.8M | ||
| Q2 25 | $53.4M | $-517.1M | ||
| Q1 25 | $-40.3M | $203.3M | ||
| Q4 24 | $140.9M | $310.4M | ||
| Q3 24 | $372.4M | $186.6M | ||
| Q2 24 | $56.9M | $159.3M |
毛利率MATTPR
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 75.5% | ||
| Q3 25 | 50.0% | 76.3% | ||
| Q2 25 | 50.9% | 76.3% | ||
| Q1 25 | 49.4% | 76.1% | ||
| Q4 24 | 50.7% | 74.4% | ||
| Q3 24 | 53.1% | 75.3% | ||
| Q2 24 | 49.2% | 74.9% |
营业利润率MATTPR
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 28.6% | ||
| Q3 25 | 21.9% | 19.3% | ||
| Q2 25 | 7.7% | -33.9% | ||
| Q1 25 | -6.4% | 16.0% | ||
| Q4 24 | 9.6% | 22.4% | ||
| Q3 24 | 26.5% | 16.7% | ||
| Q2 24 | 7.7% | 14.8% |
净利率MATTPR
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 22.4% | ||
| Q3 25 | 16.0% | 16.1% | ||
| Q2 25 | 5.2% | -30.0% | ||
| Q1 25 | -4.9% | 12.8% | ||
| Q4 24 | 8.6% | 14.1% | ||
| Q3 24 | 20.2% | 12.4% | ||
| Q2 24 | 5.3% | 10.0% |
每股收益（稀释后）MATTPR
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $2.68 | ||
| Q3 25 | $0.88 | $1.28 | ||
| Q2 25 | $0.16 | $-2.30 | ||
| Q1 25 | $-0.12 | $0.95 | ||
| Q4 24 | $0.40 | $1.38 | ||
| Q3 24 | $1.09 | $0.79 | ||
| Q2 24 | $0.17 | $0.67 |
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 | $866.0M | $1.1B |
| 总债务越低越好 | $2.3B | $2.4B |
| 股东权益账面价值 | $2.1B | $551.2M |
| 总资产 | $6.3B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.11× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资MATTPR
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $691.9M | $743.2M | ||
| Q2 25 | $870.5M | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $723.5M | $7.3B | ||
| Q2 24 | $722.4M | $7.2B |
总债务MATTPR
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $2.3B | $2.4B | ||
| Q2 25 | $2.3B | $2.4B | ||
| Q1 25 | $2.3B | $2.4B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.3B | $7.0B | ||
| Q2 24 | $2.3B | $6.9B |
股东权益MATTPR
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $551.2M | ||
| Q3 25 | $2.3B | $399.5M | ||
| Q2 25 | $2.2B | $857.8M | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.3B | $3.0B | ||
| Q2 24 | $2.0B | $2.9B |
总资产MATTPR
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $6.5B | ||
| Q3 25 | $6.6B | $6.4B | ||
| Q2 25 | $6.2B | $6.6B | ||
| Q1 25 | $6.2B | $7.3B | ||
| Q4 24 | $6.5B | $7.3B | ||
| Q3 24 | $6.5B | $13.7B | ||
| Q2 24 | $5.9B | $13.4B |
负债/权益比MATTPR
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | 4.32× | ||
| Q3 25 | 1.03× | 5.95× | ||
| Q2 25 | 1.08× | 2.77× | ||
| Q1 25 | 1.10× | 1.59× | ||
| Q4 24 | 1.03× | 1.78× | ||
| Q3 24 | 1.01× | 2.35× | ||
| Q2 24 | 1.18× | 2.39× |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $-88.1M | $1.0B |
| 自由现金流率自由现金流/营收 | -10.2% | 41.5% |
| 资本支出强度资本支出/营收 | 7.6% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流MATTPR
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $1.1B | ||
| Q3 25 | $72.0M | $112.6M | ||
| Q2 25 | $-300.1M | $446.8M | ||
| Q1 25 | $24.8M | $144.3M | ||
| Q4 24 | $862.1M | $506.0M | ||
| Q3 24 | $155.8M | $119.5M | ||
| Q2 24 | $-252.9M | $256.0M |
自由现金流MATTPR
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M |
自由现金流率MATTPR
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% |
资本支出强度MATTPR
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% |
现金转化率MATTPR
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 1.93× | ||
| Q3 25 | 0.26× | 0.41× | ||
| Q2 25 | -5.62× | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 6.12× | 1.63× | ||
| Q3 24 | 0.42× | 0.64× | ||
| Q2 24 | -4.45× | 1.61× |
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
MAT
暂无分部数据
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
