vs
北极星（PII）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北极星的1.5倍（$2.5B vs $1.7B），泰佩思琦净利率更高（22.4% vs -2.8%，领先25.3%），泰佩思琦同比增速更快（14.0% vs 8.0%），泰佩思琦自由现金流更多（$1.0B vs $-342.5M），过去两年泰佩思琦的营收复合增速更高（29.9% 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。
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。
PII 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6.0%
8.0%
净利率更高
TPR
高出25.3%
-2.8%
自由现金流更多
TPR
多$1.4B
$-342.5M
两年增速更快
TPR
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.5B |
| 净利润 | $-47.2M | $561.3M |
| 毛利率 | 20.2% | 75.5% |
| 营业利润率 | 76.5% | 28.6% |
| 净利率 | -2.8% | 22.4% |
| 营收同比 | 8.0% | 14.0% |
| 净利润同比 | 29.0% | 80.8% |
| 每股收益（稀释后） | $-0.83 | $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PIITPR
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $2.5B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $2.0B | $1.6B |
净利润PIITPR
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $561.3M | ||
| Q3 25 | $-15.8M | $274.8M | ||
| Q2 25 | $-79.3M | $-517.1M | ||
| Q1 25 | $-66.8M | $203.3M | ||
| Q4 24 | $10.6M | $310.4M | ||
| Q3 24 | $27.7M | $186.6M | ||
| Q2 24 | $68.7M | $159.3M |
毛利率PIITPR
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 75.5% | ||
| Q3 25 | 20.7% | 76.3% | ||
| Q2 25 | 19.4% | 76.3% | ||
| Q1 25 | 16.0% | 76.1% | ||
| Q4 24 | 20.4% | 74.4% | ||
| Q3 24 | 20.6% | 75.3% | ||
| Q2 24 | 21.6% | 74.9% |
营业利润率PIITPR
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 28.6% | ||
| Q3 25 | 1.1% | 19.3% | ||
| Q2 25 | -0.7% | -33.9% | ||
| Q1 25 | -2.4% | 16.0% | ||
| Q4 24 | 3.7% | 22.4% | ||
| Q3 24 | 3.8% | 16.7% | ||
| Q2 24 | 6.1% | 14.8% |
净利率PIITPR
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 22.4% | ||
| Q3 25 | -0.9% | 16.1% | ||
| Q2 25 | -4.3% | -30.0% | ||
| Q1 25 | -4.3% | 12.8% | ||
| Q4 24 | 0.6% | 14.1% | ||
| Q3 24 | 1.6% | 12.4% | ||
| Q2 24 | 3.5% | 10.0% |
每股收益（稀释后）PIITPR
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $2.68 | ||
| Q3 25 | $-0.28 | $1.28 | ||
| Q2 25 | $-1.39 | $-2.30 | ||
| Q1 25 | $-1.17 | $0.95 | ||
| Q4 24 | $0.18 | $1.38 | ||
| Q3 24 | $0.49 | $0.79 | ||
| Q2 24 | $1.21 | $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 | $282.0M | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $750.4M | $551.2M |
| 总资产 | $5.2B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资PIITPR
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $1.1B | ||
| Q3 25 | $335.5M | $743.2M | ||
| Q2 25 | $324.3M | $1.1B | ||
| Q1 25 | $291.7M | $1.1B | ||
| Q4 24 | $287.8M | $1.0B | ||
| Q3 24 | $291.3M | $7.3B | ||
| Q2 24 | $322.7M | $7.2B |
总债务PIITPR
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.4B | $2.4B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.7B | $7.0B | ||
| Q2 24 | $2.1B | $6.9B |
股东权益PIITPR
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $551.2M | ||
| Q3 25 | $1.1B | $399.5M | ||
| Q2 25 | $1.2B | $857.8M | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.3B | $2.9B |
总资产PIITPR
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $6.5B | ||
| Q3 25 | $5.3B | $6.4B | ||
| Q2 25 | $5.4B | $6.6B | ||
| Q1 25 | $5.5B | $7.3B | ||
| Q4 24 | $5.5B | $7.3B | ||
| Q3 24 | $5.6B | $13.7B | ||
| Q2 24 | $5.7B | $13.4B |
负债/权益比PIITPR
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 4.32× | ||
| Q3 25 | 1.13× | 5.95× | ||
| Q2 25 | 1.17× | 2.77× | ||
| Q1 25 | 1.32× | 1.59× | ||
| Q4 24 | 1.27× | 1.78× | ||
| Q3 24 | 1.29× | 2.35× | ||
| Q2 24 | 1.56× | 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 | $-342.5M | $1.0B |
| 自由现金流率自由现金流/营收 | -20.6% | 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 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流PIITPR
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $1.1B | ||
| Q3 25 | $158.8M | $112.6M | ||
| Q2 25 | $320.3M | $446.8M | ||
| Q1 25 | $83.2M | $144.3M | ||
| Q4 24 | $206.3M | $506.0M | ||
| Q3 24 | $21.0M | $119.5M | ||
| Q2 24 | $146.3M | $256.0M |
自由现金流PIITPR
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $1.0B | ||
| Q3 25 | $116.7M | $80.2M | ||
| Q2 25 | $279.8M | $411.5M | ||
| Q1 25 | $47.6M | $113.4M | ||
| Q4 24 | $137.3M | $475.1M | ||
| Q3 24 | $-32.4M | $93.9M | ||
| Q2 24 | $79.1M | $209.8M |
自由现金流率PIITPR
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 41.5% | ||
| Q3 25 | 6.3% | 4.7% | ||
| Q2 25 | 15.1% | 23.9% | ||
| Q1 25 | 3.1% | 7.2% | ||
| Q4 24 | 7.8% | 21.6% | ||
| Q3 24 | -1.9% | 6.2% | ||
| Q2 24 | 4.0% | 13.2% |
资本支出强度PIITPR
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.7% | ||
| Q3 25 | 2.3% | 1.9% | ||
| Q2 25 | 2.2% | 2.0% | ||
| Q1 25 | 2.3% | 2.0% | ||
| Q4 24 | 3.9% | 1.4% | ||
| Q3 24 | 3.1% | 1.7% | ||
| Q2 24 | 3.4% | 2.9% |
现金转化率PIITPR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 19.46× | 1.63× | ||
| Q3 24 | 0.76× | 0.64× | ||
| Q2 24 | 2.13× | 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
PII
暂无分部数据
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
