vs
NetApp（NTAP）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NetApp的1.5倍（$2.5B vs $1.7B），泰佩思琦净利率更高（22.4% vs 17.9%，领先4.5%），泰佩思琦同比增速更快（14.0% vs 2.8%），泰佩思琦自由现金流更多（$1.0B vs $78.0M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
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。
NTAP vs TPR — 直观对比
营收规模更大
TPR
是对方的1.5倍
$1.7B
营收增速更快
TPR
高出11.1%
2.8%
净利率更高
TPR
高出4.5%
17.9%
自由现金流更多
TPR
多$959.5M
$78.0M
两年增速更快
TPR
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.5B |
| 净利润 | $305.0M | $561.3M |
| 毛利率 | 72.0% | 75.5% |
| 营业利润率 | 23.4% | 28.6% |
| 净利率 | 17.9% | 22.4% |
| 营收同比 | 2.8% | 14.0% |
| 净利润同比 | 2.0% | 80.8% |
| 每股收益（稀释后） | $1.51 | $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NTAPTPR
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.6B | $1.5B |
净利润NTAPTPR
| Q4 25 | $305.0M | $561.3M | ||
| Q3 25 | $233.0M | $274.8M | ||
| Q2 25 | $340.0M | $-517.1M | ||
| Q1 25 | $299.0M | $203.3M | ||
| Q4 24 | $299.0M | $310.4M | ||
| Q3 24 | $248.0M | $186.6M | ||
| Q2 24 | $291.0M | $159.3M | ||
| Q1 24 | $313.0M | $139.4M |
毛利率NTAPTPR
| Q4 25 | 72.0% | 75.5% | ||
| Q3 25 | 70.4% | 76.3% | ||
| Q2 25 | 68.9% | 76.3% | ||
| Q1 25 | 69.8% | 76.1% | ||
| Q4 24 | 71.0% | 74.4% | ||
| Q3 24 | 71.3% | 75.3% | ||
| Q2 24 | 70.5% | 74.9% | ||
| Q1 24 | 71.7% | 74.7% |
营业利润率NTAPTPR
| Q4 25 | 23.4% | 28.6% | ||
| Q3 25 | 19.8% | 19.3% | ||
| Q2 25 | 20.1% | -33.9% | ||
| Q1 25 | 22.1% | 16.0% | ||
| Q4 24 | 20.8% | 22.4% | ||
| Q3 24 | 18.3% | 16.7% | ||
| Q2 24 | 21.9% | 14.8% | ||
| Q1 24 | 22.8% | 13.8% |
净利率NTAPTPR
| Q4 25 | 17.9% | 22.4% | ||
| Q3 25 | 14.9% | 16.1% | ||
| Q2 25 | 19.6% | -30.0% | ||
| Q1 25 | 18.2% | 12.8% | ||
| Q4 24 | 18.0% | 14.1% | ||
| Q3 24 | 16.1% | 12.4% | ||
| Q2 24 | 17.4% | 10.0% | ||
| Q1 24 | 19.5% | 9.4% |
每股收益（稀释后）NTAPTPR
| Q4 25 | $1.51 | $2.68 | ||
| Q3 25 | $1.15 | $1.28 | ||
| Q2 25 | $1.64 | $-2.30 | ||
| Q1 25 | $1.44 | $0.95 | ||
| Q4 24 | $1.42 | $1.38 | ||
| Q3 24 | $1.17 | $0.79 | ||
| Q2 24 | $1.36 | $0.67 | ||
| Q1 24 | $1.48 | $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 | $3.0B | $1.1B |
| 总债务越低越好 | $2.5B | $2.4B |
| 股东权益账面价值 | $986.0M | $551.2M |
| 总资产 | $9.6B | $6.5B |
| 负债/权益比越低杠杆越低 | 2.52× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资NTAPTPR
| Q4 25 | $3.0B | $1.1B | ||
| Q3 25 | $3.3B | $743.2M | ||
| Q2 25 | $3.8B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $3.0B | $7.3B | ||
| Q2 24 | $3.3B | $7.2B | ||
| Q1 24 | $2.9B | $7.4B |
总债务NTAPTPR
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $2.5B | $2.4B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $2.0B | $2.4B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.4B | $7.0B | ||
| Q2 24 | $2.4B | $6.9B | ||
| Q1 24 | $2.4B | $7.7B |
股东权益NTAPTPR
| Q4 25 | $986.0M | $551.2M | ||
| Q3 25 | $975.0M | $399.5M | ||
| Q2 25 | $1.0B | $857.8M | ||
| Q1 25 | $995.0M | $1.5B | ||
| Q4 24 | $892.0M | $1.3B | ||
| Q3 24 | $929.0M | $3.0B | ||
| Q2 24 | $1.1B | $2.9B | ||
| Q1 24 | $994.0M | $2.8B |
总资产NTAPTPR
| Q4 25 | $9.6B | $6.5B | ||
| Q3 25 | $9.7B | $6.4B | ||
| Q2 25 | $10.8B | $6.6B | ||
| Q1 25 | $9.0B | $7.3B | ||
| Q4 24 | $9.0B | $7.3B | ||
| Q3 24 | $9.3B | $13.7B | ||
| Q2 24 | $9.9B | $13.4B | ||
| Q1 24 | $9.4B | $13.7B |
负债/权益比NTAPTPR
| Q4 25 | 2.52× | 4.32× | ||
| Q3 25 | 2.55× | 5.95× | ||
| Q2 25 | 3.11× | 2.77× | ||
| Q1 25 | 2.00× | 1.59× | ||
| Q4 24 | 2.23× | 1.78× | ||
| Q3 24 | 2.58× | 2.35× | ||
| Q2 24 | 2.09× | 2.39× | ||
| Q1 24 | 2.41× | 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 | $127.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 4.6% | 41.5% |
| 资本支出强度资本支出/营收 | 2.9% | 1.7% |
| 现金转化率经营现金流/净利润 | 0.42× | 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NTAPTPR
| Q4 25 | $127.0M | $1.1B | ||
| Q3 25 | $673.0M | $112.6M | ||
| Q2 25 | — | $446.8M | ||
| Q1 25 | $385.0M | $144.3M | ||
| Q4 24 | — | $506.0M | ||
| Q3 24 | $341.0M | $119.5M | ||
| Q2 24 | $613.0M | $256.0M | ||
| Q1 24 | $484.0M | $97.8M |
自由现金流NTAPTPR
| Q4 25 | $78.0M | $1.0B | ||
| Q3 25 | $620.0M | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | $338.0M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $300.0M | $93.9M | ||
| Q2 24 | $567.0M | $209.8M | ||
| Q1 24 | $448.0M | $78.8M |
自由现金流率NTAPTPR
| Q4 25 | 4.6% | 41.5% | ||
| Q3 25 | 39.8% | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | 20.6% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 19.5% | 6.2% | ||
| Q2 24 | 34.0% | 13.2% | ||
| Q1 24 | 27.9% | 5.3% |
资本支出强度NTAPTPR
| Q4 25 | 2.9% | 1.7% | ||
| Q3 25 | 3.4% | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 2.9% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 2.8% | 2.9% | ||
| Q1 24 | 2.2% | 1.3% |
现金转化率NTAPTPR
| Q4 25 | 0.42× | 1.93× | ||
| Q3 25 | 2.89× | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.29× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | 1.38× | 0.64× | ||
| Q2 24 | 2.11× | 1.61× | ||
| Q1 24 | 1.55× | 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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
