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PINTEREST, INC.（PINS）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PINTEREST, INC.的1.9倍（$2.5B vs $1.3B），泰佩思琦净利率更高（22.4% vs 21.0%，领先1.4%），PINTEREST, INC.同比增速更快（14.3% vs 14.0%），泰佩思琦自由现金流更多（$1.0B vs $380.4M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 29.9%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs TPR — 直观对比
营收规模更大
TPR
是对方的1.9倍
$1.3B
营收增速更快
PINS
高出0.3%
14.0%
净利率更高
TPR
高出1.4%
21.0%
自由现金流更多
TPR
多$657.1M
$380.4M
两年增速更快
PINS
近两年复合增速
29.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.5B |
| 净利润 | $277.1M | $561.3M |
| 毛利率 | 82.8% | 75.5% |
| 营业利润率 | 22.8% | 28.6% |
| 净利率 | 21.0% | 22.4% |
| 营收同比 | 14.3% | 14.0% |
| 净利润同比 | -85.0% | 80.8% |
| 每股收益（稀释后） | $0.41 | $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PINSTPR
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $998.2M | $1.7B | ||
| Q1 25 | $855.0M | $1.6B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $898.4M | $1.5B | ||
| Q2 24 | $853.7M | $1.6B | ||
| Q1 24 | $740.0M | $1.5B |
净利润PINSTPR
| Q4 25 | $277.1M | $561.3M | ||
| Q3 25 | $92.1M | $274.8M | ||
| Q2 25 | $38.8M | $-517.1M | ||
| Q1 25 | $8.9M | $203.3M | ||
| Q4 24 | $1.8B | $310.4M | ||
| Q3 24 | $30.6M | $186.6M | ||
| Q2 24 | $8.9M | $159.3M | ||
| Q1 24 | $-24.8M | $139.4M |
毛利率PINSTPR
| Q4 25 | 82.8% | 75.5% | ||
| Q3 25 | 79.8% | 76.3% | ||
| Q2 25 | 79.7% | 76.3% | ||
| Q1 25 | 76.7% | 76.1% | ||
| Q4 24 | 82.9% | 74.4% | ||
| Q3 24 | 79.1% | 75.3% | ||
| Q2 24 | 78.3% | 74.9% | ||
| Q1 24 | 75.5% | 74.7% |
营业利润率PINSTPR
| Q4 25 | 22.8% | 28.6% | ||
| Q3 25 | 5.6% | 19.3% | ||
| Q2 25 | -0.4% | -33.9% | ||
| Q1 25 | -4.1% | 16.0% | ||
| Q4 24 | 22.7% | 22.4% | ||
| Q3 24 | -0.7% | 16.7% | ||
| Q2 24 | -2.5% | 14.8% | ||
| Q1 24 | -7.4% | 13.8% |
净利率PINSTPR
| Q4 25 | 21.0% | 22.4% | ||
| Q3 25 | 8.8% | 16.1% | ||
| Q2 25 | 3.9% | -30.0% | ||
| Q1 25 | 1.0% | 12.8% | ||
| Q4 24 | 160.1% | 14.1% | ||
| Q3 24 | 3.4% | 12.4% | ||
| Q2 24 | 1.0% | 10.0% | ||
| Q1 24 | -3.4% | 9.4% |
每股收益（稀释后）PINSTPR
| Q4 25 | $0.41 | $2.68 | ||
| Q3 25 | $0.13 | $1.28 | ||
| Q2 25 | $0.06 | $-2.30 | ||
| Q1 25 | $0.01 | $0.95 | ||
| Q4 24 | $2.66 | $1.38 | ||
| Q3 24 | $0.04 | $0.79 | ||
| Q2 24 | $0.01 | $0.67 | ||
| Q1 24 | $-0.04 | $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 | $969.3M | $1.1B |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $4.7B | $551.2M |
| 总资产 | $5.5B | $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PINSTPR
| Q4 25 | $969.3M | $1.1B | ||
| Q3 25 | $1.1B | $743.2M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.0B | $7.3B | ||
| Q2 24 | $1.4B | $7.2B | ||
| Q1 24 | $1.6B | $7.4B |
总债务PINSTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
股东权益PINSTPR
| Q4 25 | $4.7B | $551.2M | ||
| Q3 25 | $4.8B | $399.5M | ||
| Q2 25 | $4.8B | $857.8M | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $3.2B | $2.9B | ||
| Q1 24 | $3.1B | $2.8B |
总资产PINSTPR
| Q4 25 | $5.5B | $6.5B | ||
| Q3 25 | $5.5B | $6.4B | ||
| Q2 25 | $5.4B | $6.6B | ||
| Q1 25 | $5.3B | $7.3B | ||
| Q4 24 | $5.3B | $7.3B | ||
| Q3 24 | $3.5B | $13.7B | ||
| Q2 24 | $3.7B | $13.4B | ||
| Q1 24 | $3.7B | $13.7B |
负债/权益比PINSTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 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 | $391.2M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $1.0B |
| 自由现金流率自由现金流/营收 | 28.8% | 41.5% |
| 资本支出强度资本支出/营收 | 0.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $1.6B |
8季度趋势，按日历期对齐
经营现金流PINSTPR
| Q4 25 | $391.2M | $1.1B | ||
| Q3 25 | $321.7M | $112.6M | ||
| Q2 25 | $207.7M | $446.8M | ||
| Q1 25 | $363.7M | $144.3M | ||
| Q4 24 | $254.0M | $506.0M | ||
| Q3 24 | $248.0M | $119.5M | ||
| Q2 24 | $106.4M | $256.0M | ||
| Q1 24 | $356.1M | $97.8M |
自由现金流PINSTPR
| Q4 25 | $380.4M | $1.0B | ||
| Q3 25 | $318.4M | $80.2M | ||
| Q2 25 | $196.7M | $411.5M | ||
| Q1 25 | $356.4M | $113.4M | ||
| Q4 24 | $250.2M | $475.1M | ||
| Q3 24 | $244.1M | $93.9M | ||
| Q2 24 | $101.6M | $209.8M | ||
| Q1 24 | $344.0M | $78.8M |
自由现金流率PINSTPR
| Q4 25 | 28.8% | 41.5% | ||
| Q3 25 | 30.3% | 4.7% | ||
| Q2 25 | 19.7% | 23.9% | ||
| Q1 25 | 41.7% | 7.2% | ||
| Q4 24 | 21.7% | 21.6% | ||
| Q3 24 | 27.2% | 6.2% | ||
| Q2 24 | 11.9% | 13.2% | ||
| Q1 24 | 46.5% | 5.3% |
资本支出强度PINSTPR
| Q4 25 | 0.8% | 1.7% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 0.9% | 2.0% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.6% | 2.9% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率PINSTPR
| Q4 25 | 1.41× | 1.93× | ||
| Q3 25 | 3.49× | 0.41× | ||
| Q2 25 | 5.36× | — | ||
| Q1 25 | 40.77× | 0.71× | ||
| Q4 24 | 0.14× | 1.63× | ||
| Q3 24 | 8.12× | 0.64× | ||
| Q2 24 | 11.98× | 1.61× | ||
| Q1 24 | — | 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
