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花花公子（PLBY）与Savers Value Village, Inc.（SVV）财务数据对比。点击上方公司名可切换其他公司
Savers Value Village, Inc.的季度营收约是花花公子的12.2倍（$426.9M vs $34.9M）。花花公子净利率更高（10.3% vs -3.3%，领先13.6%）。Savers Value Village, Inc.同比增速更快（8.1% vs 4.2%）。花花公子自由现金流更多（$1.1M vs $-6.3M）。过去两年花花公子的营收复合增速更高（11.0% vs 4.3%）
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
Savers Value Village是美国中西部的折扣百货连锁品牌，由原伍尔沃斯公司的亨利·霍尼创立，1961年开业，运营至1989年，业务覆盖威斯康星州、伊利诺伊州两地。霍尼同时经营房地产业务，常于折扣店旁配套建设小型购物中心。
PLBY vs SVV — 直观对比
营收规模更大
SVV
是对方的12.2倍
$34.9M
营收增速更快
SVV
高出3.9%
4.2%
净利率更高
PLBY
高出13.6%
-3.3%
自由现金流更多
PLBY
多$7.4M
$-6.3M
两年增速更快
PLBY
近两年复合增速
4.3%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $34.9M | $426.9M |
| 净利润 | $3.6M | $-14.0M |
| 毛利率 | 73.3% | — |
| 营业利润率 | 7.9% | 8.5% |
| 净利率 | 10.3% | -3.3% |
| 营收同比 | 4.2% | 8.1% |
| 净利润同比 | 128.6% | -164.6% |
| 每股收益（稀释后） | $0.05 | $-0.09 |
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PLBYSVV
| Q4 25 | $34.9M | — | ||
| Q3 25 | $29.0M | $426.9M | ||
| Q2 25 | $28.1M | $417.2M | ||
| Q1 25 | $28.9M | $370.1M | ||
| Q4 24 | $33.5M | $402.0M | ||
| Q3 24 | $29.4M | $394.8M | ||
| Q2 24 | $24.9M | $386.7M | ||
| Q1 24 | $28.3M | $354.2M |
净利润PLBYSVV
| Q4 25 | $3.6M | — | ||
| Q3 25 | $460.0K | $-14.0M | ||
| Q2 25 | $-7.7M | $18.9M | ||
| Q1 25 | $-9.0M | $-4.7M | ||
| Q4 24 | $-12.5M | $-1.9M | ||
| Q3 24 | $-33.8M | $21.7M | ||
| Q2 24 | $-16.7M | $9.7M | ||
| Q1 24 | $-16.4M | $-467.0K |
毛利率PLBYSVV
| Q4 25 | 73.3% | — | ||
| Q3 25 | 76.0% | — | ||
| Q2 25 | 65.4% | — | ||
| Q1 25 | 68.6% | — | ||
| Q4 24 | 70.8% | — | ||
| Q3 24 | 61.0% | 25.6% | ||
| Q2 24 | 67.8% | 26.6% | ||
| Q1 24 | 55.8% | 24.2% |
营业利润率PLBYSVV
| Q4 25 | 7.9% | — | ||
| Q3 25 | 4.7% | 8.5% | ||
| Q2 25 | -20.9% | 8.2% | ||
| Q1 25 | -21.7% | 2.8% | ||
| Q4 24 | -13.3% | 8.2% | ||
| Q3 24 | -96.0% | 12.3% | ||
| Q2 24 | -37.0% | 8.3% | ||
| Q1 24 | -31.5% | 4.6% |
净利率PLBYSVV
| Q4 25 | 10.3% | — | ||
| Q3 25 | 1.6% | -3.3% | ||
| Q2 25 | -27.3% | 4.5% | ||
| Q1 25 | -31.3% | -1.3% | ||
| Q4 24 | -37.4% | -0.5% | ||
| Q3 24 | -114.7% | 5.5% | ||
| Q2 24 | -66.9% | 2.5% | ||
| Q1 24 | -58.1% | -0.1% |
每股收益（稀释后）PLBYSVV
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.00 | $-0.09 | ||
| Q2 25 | $-0.08 | $0.12 | ||
| Q1 25 | $-0.10 | $-0.03 | ||
| Q4 24 | $-0.13 | $-0.02 | ||
| Q3 24 | $-0.45 | $0.13 | ||
| Q2 24 | $-0.23 | $0.06 | ||
| Q1 24 | $-0.23 | $0.00 |
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 | $37.8M | $63.5M |
| 总债务越低越好 | $174.2M | $750.0M |
| 股东权益账面价值 | $18.4M | $414.6M |
| 总资产 | $292.4M | $2.0B |
| 负债/权益比越低杠杆越低 | 9.48× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资PLBYSVV
| Q4 25 | $37.8M | — | ||
| Q3 25 | $27.5M | $63.5M | ||
| Q2 25 | $19.6M | $70.5M | ||
| Q1 25 | $23.7M | $73.0M | ||
| Q4 24 | $30.9M | $150.0M | ||
| Q3 24 | $9.5M | $137.7M | ||
| Q2 24 | $16.9M | $160.7M | ||
| Q1 24 | $19.0M | $102.2M |
总债务PLBYSVV
| Q4 25 | $174.2M | — | ||
| Q3 25 | $176.8M | $750.0M | ||
| Q2 25 | $177.5M | — | ||
| Q1 25 | $176.3M | — | ||
| Q4 24 | $176.6M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $193.4M | — |
股东权益PLBYSVV
| Q4 25 | $18.4M | — | ||
| Q3 25 | $3.8M | $414.6M | ||
| Q2 25 | $-17.5M | $423.5M | ||
| Q1 25 | $-11.4M | $413.8M | ||
| Q4 24 | $-7.7M | $421.7M | ||
| Q3 24 | $-15.7M | $432.9M | ||
| Q2 24 | $15.7M | $419.5M | ||
| Q1 24 | $29.5M | $395.0M |
总资产PLBYSVV
| Q4 25 | $292.4M | — | ||
| Q3 25 | $278.3M | $2.0B | ||
| Q2 25 | $264.1M | $1.9B | ||
| Q1 25 | $270.6M | $1.9B | ||
| Q4 24 | $284.7M | $1.9B | ||
| Q3 24 | $271.5M | $1.9B | ||
| Q2 24 | $301.8M | $1.9B | ||
| Q1 24 | $309.1M | $1.8B |
负债/权益比PLBYSVV
| Q4 25 | 9.48× | — | ||
| Q3 25 | 46.86× | 1.81× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.51× | — | ||
| Q1 24 | 6.54× | — |
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 | $1.4M | $21.6M |
| 自由现金流经营现金流 - 资本支出 | $1.1M | $-6.3M |
| 自由现金流率自由现金流/营收 | 3.2% | -1.5% |
| 资本支出强度资本支出/营收 | 0.8% | 6.5% |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | $-1.0M | $25.5M |
8季度趋势，按日历期对齐
经营现金流PLBYSVV
| Q4 25 | $1.4M | — | ||
| Q3 25 | $10.1M | $21.6M | ||
| Q2 25 | $-3.9M | $54.4M | ||
| Q1 25 | $-7.6M | $419.0K | ||
| Q4 24 | $161.0K | $55.8M | ||
| Q3 24 | $-6.5M | $23.9M | ||
| Q2 24 | $-3.0M | $60.4M | ||
| Q1 24 | $-9.8M | $-5.8M |
自由现金流PLBYSVV
| Q4 25 | $1.1M | — | ||
| Q3 25 | $9.8M | $-6.3M | ||
| Q2 25 | $-4.3M | $21.9M | ||
| Q1 25 | $-7.7M | $-20.2M | ||
| Q4 24 | $-401.0K | $30.1M | ||
| Q3 24 | $-7.0M | $-3.0M | ||
| Q2 24 | $-3.7M | $29.6M | ||
| Q1 24 | $-10.3M | $-28.3M |
自由现金流率PLBYSVV
| Q4 25 | 3.2% | — | ||
| Q3 25 | 33.8% | -1.5% | ||
| Q2 25 | -15.2% | 5.2% | ||
| Q1 25 | -26.5% | -5.4% | ||
| Q4 24 | -1.2% | 7.5% | ||
| Q3 24 | -23.7% | -0.8% | ||
| Q2 24 | -14.8% | 7.6% | ||
| Q1 24 | -36.5% | -8.0% |
资本支出强度PLBYSVV
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.1% | 6.5% | ||
| Q2 25 | 1.4% | 7.8% | ||
| Q1 25 | 0.1% | 5.6% | ||
| Q4 24 | 1.7% | 6.4% | ||
| Q3 24 | 1.5% | 6.8% | ||
| Q2 24 | 2.6% | 8.0% | ||
| Q1 24 | 2.1% | 6.4% |
现金转化率PLBYSVV
| Q4 25 | 0.39× | — | ||
| Q3 25 | 22.02× | — | ||
| Q2 25 | — | 2.88× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 6.22× | ||
| Q1 24 | — | — |
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
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
SVV
| Sales Channel Directly To Consumer | $408.3M | 96% |
| Sales Channel Through Intermediary | $18.6M | 4% |
