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麦格劳希尔（MH）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
麦格劳希尔的季度营收约是Stitch Fix, Inc.的1.3倍（$434.2M vs $342.1M），Stitch Fix, Inc.净利率更高（-1.9% vs -4.7%，领先2.8%），Stitch Fix, Inc.同比增速更快（7.3% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $5.6M）
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
MH vs SFIX — 直观对比
营收规模更大
MH
是对方的1.3倍
$342.1M
营收增速更快
SFIX
高出42.4%
-35.1%
净利率更高
SFIX
高出2.8%
-4.7%
自由现金流更多
MH
多$279.8M
$5.6M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $434.2M | $342.1M |
| 净利润 | $-20.2M | $-6.4M |
| 毛利率 | 85.3% | 43.6% |
| 营业利润率 | 7.0% | -2.5% |
| 净利率 | -4.7% | -1.9% |
| 营收同比 | -35.1% | 7.3% |
| 净利润同比 | -119.2% | -1.7% |
| 每股收益（稀释后） | $-0.11 | $-0.05 |
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MHSFIX
| Q4 25 | $434.2M | $342.1M | ||
| Q3 25 | $669.2M | $311.2M | ||
| Q2 25 | $535.7M | $325.0M | ||
| Q1 25 | — | $312.1M | ||
| Q4 24 | — | $318.8M | ||
| Q3 24 | — | $319.6M | ||
| Q2 24 | — | $322.7M | ||
| Q1 24 | — | $330.4M |
净利润MHSFIX
| Q4 25 | $-20.2M | $-6.4M | ||
| Q3 25 | $105.3M | $-8.6M | ||
| Q2 25 | $502.0K | $-7.4M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | — | $-6.3M | ||
| Q3 24 | — | $-36.5M | ||
| Q2 24 | — | $-21.3M | ||
| Q1 24 | — | $-35.5M |
毛利率MHSFIX
| Q4 25 | 85.3% | 43.6% | ||
| Q3 25 | 79.2% | 43.6% | ||
| Q2 25 | 77.0% | 44.2% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 44.6% | ||
| Q2 24 | — | 45.5% | ||
| Q1 24 | — | 43.4% |
营业利润率MHSFIX
| Q4 25 | 7.0% | -2.5% | ||
| Q3 25 | 23.4% | -3.6% | ||
| Q2 25 | 18.0% | -3.0% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | -13.1% | ||
| Q2 24 | — | -7.7% | ||
| Q1 24 | — | -11.5% |
净利率MHSFIX
| Q4 25 | -4.7% | -1.9% | ||
| Q3 25 | 15.7% | -2.8% | ||
| Q2 25 | 0.1% | -2.3% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | -11.4% | ||
| Q2 24 | — | -6.6% | ||
| Q1 24 | — | -10.8% |
每股收益（稀释后）MHSFIX
| Q4 25 | $-0.11 | $-0.05 | ||
| Q3 25 | $0.57 | $-0.06 | ||
| Q2 25 | $0.00 | $-0.06 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $-0.18 | ||
| Q1 24 | — | $-0.30 |
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 | $514.4M | $244.2M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $775.3M | $204.1M |
| 总资产 | $5.6B | $530.7M |
| 负债/权益比越低杠杆越低 | 3.36× | — |
8季度趋势，按日历期对齐
现金及短期投资MHSFIX
| Q4 25 | $514.4M | $244.2M | ||
| Q3 25 | $463.2M | $234.9M | ||
| Q2 25 | $247.3M | $234.2M | ||
| Q1 25 | — | $219.1M | ||
| Q4 24 | — | $253.3M | ||
| Q3 24 | — | $247.0M | ||
| Q2 24 | — | $244.5M | ||
| Q1 24 | — | $229.8M |
总债务MHSFIX
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHSFIX
| Q4 25 | $775.3M | $204.1M | ||
| Q3 25 | $794.6M | $203.0M | ||
| Q2 25 | $283.3M | $200.4M | ||
| Q1 25 | — | $197.8M | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | $187.0M | ||
| Q2 24 | — | $208.9M | ||
| Q1 24 | — | $213.3M |
总资产MHSFIX
| Q4 25 | $5.6B | $530.7M | ||
| Q3 25 | $6.0B | $480.6M | ||
| Q2 25 | $5.7B | $484.7M | ||
| Q1 25 | — | $472.6M | ||
| Q4 24 | — | $507.1M | ||
| Q3 24 | — | $486.9M | ||
| Q2 24 | — | $537.0M | ||
| Q1 24 | — | $538.3M |
负债/权益比MHSFIX
| Q4 25 | 3.36× | — | ||
| Q3 25 | 3.52× | — | ||
| Q2 25 | 11.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $309.0M | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $285.4M | $5.6M |
| 自由现金流率自由现金流/营收 | 65.7% | 1.6% |
| 资本支出强度资本支出/营收 | 5.4% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $4.9M |
8季度趋势，按日历期对齐
经营现金流MHSFIX
| Q4 25 | $309.0M | $10.9M | ||
| Q3 25 | $265.0M | $7.0M | ||
| Q2 25 | $-96.7M | $20.5M | ||
| Q1 25 | — | $-16.2M | ||
| Q4 24 | — | $14.3M | ||
| Q3 24 | — | $8.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $-22.3M |
自由现金流MHSFIX
| Q4 25 | $285.4M | $5.6M | ||
| Q3 25 | $243.8M | $2.8M | ||
| Q2 25 | $-112.9M | $16.0M | ||
| Q1 25 | — | $-19.4M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $-26.1M |
自由现金流率MHSFIX
| Q4 25 | 65.7% | 1.6% | ||
| Q3 25 | 36.4% | 0.9% | ||
| Q2 25 | -21.1% | 4.9% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | -7.9% |
资本支出强度MHSFIX
| Q4 25 | 5.4% | 1.6% | ||
| Q3 25 | 3.2% | 1.4% | ||
| Q2 25 | 3.0% | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.1% |
现金转化率MHSFIX
| Q4 25 | — | — | ||
| Q3 25 | 2.52× | — | ||
| Q2 25 | -192.53× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
SFIX
暂无分部数据
