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味好美（MKC）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味好美的1.4倍（$2.5B vs $1.9B），泰佩思琦净利率更高（22.4% vs 12.2%，领先10.2%），泰佩思琦同比增速更快（14.0% vs 2.9%），过去两年泰佩思琦的营收复合增速更高（29.9% vs 7.5%）
味好美是美国知名食品企业，专业生产、营销并配送香辛料、复合调味料、调味酱及各类风味产品，客户覆盖零售终端、食品生产商及餐饮服务企业，是全球领先的风味产品供应商。
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。
MKC vs TPR — 直观对比
营收规模更大
TPR
是对方的1.4倍
$1.9B
营收增速更快
TPR
高出11.1%
2.9%
净利率更高
TPR
高出10.2%
12.2%
两年增速更快
TPR
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.5B |
| 净利润 | $226.6M | $561.3M |
| 毛利率 | 38.9% | 75.5% |
| 营业利润率 | 16.8% | 28.6% |
| 净利率 | 12.2% | 22.4% |
| 营收同比 | 2.9% | 14.0% |
| 净利润同比 | 5.3% | 80.8% |
| 每股收益（稀释后） | $0.84 | $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MKCTPR
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
净利润MKCTPR
| Q4 25 | $226.6M | $561.3M | ||
| Q3 25 | $225.5M | $274.8M | ||
| Q2 25 | $175.0M | $-517.1M | ||
| Q1 25 | $162.3M | $203.3M | ||
| Q4 24 | $215.2M | $310.4M | ||
| Q3 24 | $223.1M | $186.6M | ||
| Q2 24 | $184.2M | $159.3M | ||
| Q1 24 | $166.0M | $139.4M |
毛利率MKCTPR
| Q4 25 | 38.9% | 75.5% | ||
| Q3 25 | 37.4% | 76.3% | ||
| Q2 25 | 37.5% | 76.3% | ||
| Q1 25 | 37.6% | 76.1% | ||
| Q4 24 | 40.2% | 74.4% | ||
| Q3 24 | 38.7% | 75.3% | ||
| Q2 24 | 37.7% | 74.9% | ||
| Q1 24 | 37.4% | 74.7% |
营业利润率MKCTPR
| Q4 25 | 16.8% | 28.6% | ||
| Q3 25 | 16.7% | 19.3% | ||
| Q2 25 | 14.8% | -33.9% | ||
| Q1 25 | 14.0% | 16.0% | ||
| Q4 24 | 17.0% | 22.4% | ||
| Q3 24 | 17.1% | 16.7% | ||
| Q2 24 | 14.2% | 14.8% | ||
| Q1 24 | 14.6% | 13.8% |
净利率MKCTPR
| Q4 25 | 12.2% | 22.4% | ||
| Q3 25 | 13.1% | 16.1% | ||
| Q2 25 | 10.5% | -30.0% | ||
| Q1 25 | 10.1% | 12.8% | ||
| Q4 24 | 12.0% | 14.1% | ||
| Q3 24 | 13.3% | 12.4% | ||
| Q2 24 | 11.2% | 10.0% | ||
| Q1 24 | 10.4% | 9.4% |
每股收益（稀释后）MKCTPR
| Q4 25 | $0.84 | $2.68 | ||
| Q3 25 | $0.84 | $1.28 | ||
| Q2 25 | $0.65 | $-2.30 | ||
| Q1 25 | $0.60 | $0.95 | ||
| Q4 24 | $0.79 | $1.38 | ||
| Q3 24 | $0.83 | $0.79 | ||
| Q2 24 | $0.68 | $0.67 | ||
| Q1 24 | $0.62 | $0.60 |
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 | $95.9M | $1.1B |
| 总债务越低越好 | $3.6B | $2.4B |
| 股东权益账面价值 | $5.7B | $551.2M |
| 总资产 | $13.2B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.63× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资MKCTPR
| Q4 25 | $95.9M | $1.1B | ||
| Q3 25 | $94.9M | $743.2M | ||
| Q2 25 | $124.1M | $1.1B | ||
| Q1 25 | $102.8M | $1.1B | ||
| Q4 24 | $186.1M | $1.0B | ||
| Q3 24 | $200.8M | $7.3B | ||
| Q2 24 | $166.3M | $7.2B | ||
| Q1 24 | $178.0M | $7.4B |
总债务MKCTPR
| Q4 25 | $3.6B | $2.4B | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $3.9B | $2.4B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $3.4B | $7.0B | ||
| Q2 24 | $4.1B | $6.9B | ||
| Q1 24 | $4.1B | $7.7B |
股东权益MKCTPR
| Q4 25 | $5.7B | $551.2M | ||
| Q3 25 | $5.8B | $399.5M | ||
| Q2 25 | $5.6B | $857.8M | ||
| Q1 25 | $5.4B | $1.5B | ||
| Q4 24 | $5.3B | $1.3B | ||
| Q3 24 | $5.4B | $3.0B | ||
| Q2 24 | $5.3B | $2.9B | ||
| Q1 24 | $5.2B | $2.8B |
总资产MKCTPR
| Q4 25 | $13.2B | $6.5B | ||
| Q3 25 | $13.2B | $6.4B | ||
| Q2 25 | $13.2B | $6.6B | ||
| Q1 25 | $12.9B | $7.3B | ||
| Q4 24 | $13.1B | $7.3B | ||
| Q3 24 | $13.2B | $13.7B | ||
| Q2 24 | $13.0B | $13.4B | ||
| Q1 24 | $12.9B | $13.7B |
负债/权益比MKCTPR
| Q4 25 | 0.63× | 4.32× | ||
| Q3 25 | 0.67× | 5.95× | ||
| Q2 25 | 0.69× | 2.77× | ||
| Q1 25 | 0.71× | 1.59× | ||
| Q4 24 | 0.73× | 1.78× | ||
| Q3 24 | 0.63× | 2.35× | ||
| Q2 24 | 0.77× | 2.39× | ||
| Q1 24 | 0.79× | 2.77× |
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 | $542.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 41.5% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 2.39× | 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MKCTPR
| Q4 25 | $542.0M | $1.1B | ||
| Q3 25 | $258.8M | $112.6M | ||
| Q2 25 | $45.9M | $446.8M | ||
| Q1 25 | $115.5M | $144.3M | ||
| Q4 24 | $458.7M | $506.0M | ||
| Q3 24 | $161.7M | $119.5M | ||
| Q2 24 | $163.1M | $256.0M | ||
| Q1 24 | $138.4M | $97.8M |
自由现金流MKCTPR
| Q4 25 | — | $1.0B | ||
| Q3 25 | $206.1M | $80.2M | ||
| Q2 25 | $-2.4M | $411.5M | ||
| Q1 25 | $78.4M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $102.7M | $93.9M | ||
| Q2 24 | $94.8M | $209.8M | ||
| Q1 24 | $76.4M | $78.8M |
自由现金流率MKCTPR
| Q4 25 | — | 41.5% | ||
| Q3 25 | 11.9% | 4.7% | ||
| Q2 25 | -0.1% | 23.9% | ||
| Q1 25 | 4.9% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 6.1% | 6.2% | ||
| Q2 24 | 5.8% | 13.2% | ||
| Q1 24 | 4.8% | 5.3% |
资本支出强度MKCTPR
| Q4 25 | — | 1.7% | ||
| Q3 25 | 3.1% | 1.9% | ||
| Q2 25 | 2.9% | 2.0% | ||
| Q1 25 | 2.3% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 3.5% | 1.7% | ||
| Q2 24 | 4.2% | 2.9% | ||
| Q1 24 | 3.9% | 1.3% |
现金转化率MKCTPR
| Q4 25 | 2.39× | 1.93× | ||
| Q3 25 | 1.15× | 0.41× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.71× | 0.71× | ||
| Q4 24 | 2.13× | 1.63× | ||
| Q3 24 | 0.72× | 0.64× | ||
| Q2 24 | 0.89× | 1.61× | ||
| Q1 24 | 0.83× | 0.70× |
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
MKC
| Consumer | $1.1B | 61% |
| Flavor Solutions | $723.1M | 39% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
