vs
北极星（PII）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是北极星的1.5倍（$2.4B vs $1.7B），拉夫劳伦净利率更高（15.0% vs -2.8%，领先17.9%），拉夫劳伦同比增速更快（12.2% vs 8.0%），拉夫劳伦自由现金流更多（$704.0M vs $-342.5M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
PII vs RL — 直观对比
营收规模更大
RL
是对方的1.5倍
$1.7B
营收增速更快
RL
高出4.2%
8.0%
净利率更高
RL
高出17.9%
-2.8%
自由现金流更多
RL
多$1.0B
$-342.5M
两年增速更快
RL
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.4B |
| 净利润 | $-47.2M | $361.6M |
| 毛利率 | 20.2% | 69.9% |
| 营业利润率 | — | 19.6% |
| 净利率 | -2.8% | 15.0% |
| 营收同比 | 8.0% | 12.2% |
| 净利润同比 | 29.2% | 21.6% |
| 每股收益（稀释后） | $-0.83 | $5.82 |
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PIIRL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $2.0B | $1.5B |
净利润PIIRL
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $361.6M | ||
| Q3 25 | $-15.8M | $207.5M | ||
| Q2 25 | $-79.3M | $220.4M | ||
| Q1 25 | $-66.8M | $129.0M | ||
| Q4 24 | $10.6M | $297.4M | ||
| Q3 24 | $27.7M | $147.9M | ||
| Q2 24 | $68.7M | $168.6M |
毛利率PIIRL
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 69.9% | ||
| Q3 25 | 20.7% | 68.0% | ||
| Q2 25 | 19.4% | 72.3% | ||
| Q1 25 | 16.0% | 68.7% | ||
| Q4 24 | 20.4% | 68.4% | ||
| Q3 24 | 20.6% | 67.0% | ||
| Q2 24 | 21.6% | 70.5% |
营业利润率PIIRL
| Q1 26 | — | — | ||
| Q4 25 | -16.7% | 19.6% | ||
| Q3 25 | 1.1% | 12.2% | ||
| Q2 25 | -0.7% | 15.9% | ||
| Q1 25 | -2.4% | 9.1% | ||
| Q4 24 | 3.7% | 18.2% | ||
| Q3 24 | 3.8% | 10.4% | ||
| Q2 24 | 6.1% | 13.8% |
净利率PIIRL
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 15.0% | ||
| Q3 25 | -0.9% | 10.3% | ||
| Q2 25 | -4.3% | 12.8% | ||
| Q1 25 | -4.3% | 7.6% | ||
| Q4 24 | 0.6% | 13.9% | ||
| Q3 24 | 1.6% | 8.6% | ||
| Q2 24 | 3.5% | 11.1% |
每股收益（稀释后）PIIRL
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $5.82 | ||
| Q3 25 | $-0.28 | $3.32 | ||
| Q2 25 | $-1.39 | $3.52 | ||
| Q1 25 | $-1.17 | $2.03 | ||
| Q4 24 | $0.18 | $4.66 | ||
| Q3 24 | $0.49 | $2.31 | ||
| Q2 24 | $1.21 | $2.61 |
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 | $282.0M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.9B |
| 总资产 | $5.2B | $7.8B |
| 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PIIRL
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $2.3B | ||
| Q3 25 | $335.5M | $1.6B | ||
| Q2 25 | $324.3M | $2.3B | ||
| Q1 25 | $291.7M | $2.1B | ||
| Q4 24 | $287.8M | $2.1B | ||
| Q3 24 | $291.3M | $1.7B | ||
| Q2 24 | $322.7M | $1.8B |
总债务PIIRL
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIIRL
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $2.9B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B |
总资产PIIRL
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $7.8B | ||
| Q3 25 | $5.3B | $7.3B | ||
| Q2 25 | $5.4B | $7.8B | ||
| Q1 25 | $5.5B | $7.0B | ||
| Q4 24 | $5.5B | $7.1B | ||
| Q3 24 | $5.6B | $6.8B | ||
| Q2 24 | $5.7B | $6.6B |
负债/权益比PIIRL
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $704.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 29.3% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $694.5M |
8季度趋势，按日历期对齐
经营现金流PIIRL
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $779.6M | ||
| Q3 25 | $158.8M | $53.2M | ||
| Q2 25 | $320.3M | $176.1M | ||
| Q1 25 | $83.2M | $122.2M | ||
| Q4 24 | $206.3M | $738.4M | ||
| Q3 24 | $21.0M | $97.2M | ||
| Q2 24 | $146.3M | $277.3M |
自由现金流PIIRL
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $704.0M | ||
| Q3 25 | $116.7M | $-40.6M | ||
| Q2 25 | $279.8M | $-11.2M | ||
| Q1 25 | $47.6M | $42.3M | ||
| Q4 24 | $137.3M | $677.2M | ||
| Q3 24 | $-32.4M | $55.5M | ||
| Q2 24 | $79.1M | $243.9M |
自由现金流率PIIRL
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 29.3% | ||
| Q3 25 | 6.3% | -2.0% | ||
| Q2 25 | 15.1% | -0.7% | ||
| Q1 25 | 3.1% | 2.5% | ||
| Q4 24 | 7.8% | 31.6% | ||
| Q3 24 | -1.9% | 3.2% | ||
| Q2 24 | 4.0% | 16.1% |
资本支出强度PIIRL
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 3.1% | ||
| Q3 25 | 2.3% | 4.7% | ||
| Q2 25 | 2.2% | 10.9% | ||
| Q1 25 | 2.3% | 4.7% | ||
| Q4 24 | 3.9% | 2.9% | ||
| Q3 24 | 3.1% | 2.4% | ||
| Q2 24 | 3.4% | 2.2% |
现金转化率PIIRL
| Q1 26 | — | — | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 19.46× | 2.48× | ||
| Q3 24 | 0.76× | 0.66× | ||
| Q2 24 | 2.13× | 1.64× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
