vs
庞贝捷工业（PPG）与PVH CORP.（PVH）财务数据对比。点击上方公司名可切换其他公司
庞贝捷工业的季度营收约是PVH CORP.的1.7倍（$3.9B vs $2.3B），庞贝捷工业净利率更高（9.8% vs 0.2%，领先9.6%），庞贝捷工业同比增速更快（6.7% vs 1.7%）
庞贝捷工业是总部位于美国宾夕法尼亚州匹兹堡的涂料及特种材料供应商，业务覆盖全球70多个国家，位列《财富》世界500强，按营收计算为全球第二大涂料企业，仅次于宣伟，其总部PPG广场的玻璃外立面由知名后现代建筑师菲利普·约翰逊设计。
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
PPG vs PVH — 直观对比
营收规模更大
PPG
是对方的1.7倍
$2.3B
营收增速更快
PPG
高出4.9%
1.7%
净利率更高
PPG
高出9.6%
0.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.3B |
| 净利润 | $385.0M | $4.2M |
| 毛利率 | — | 56.3% |
| 营业利润率 | — | 7.9% |
| 净利率 | 9.8% | 0.2% |
| 营收同比 | 6.7% | 1.7% |
| 净利润同比 | 1.9% | -96.8% |
| 每股收益（稀释后） | — | $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PPGPVH
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.8B | — |
净利润PPGPVH
| Q1 26 | $385.0M | — | ||
| Q4 25 | $300.0M | $4.2M | ||
| Q3 25 | $453.0M | $224.2M | ||
| Q2 25 | $450.0M | $-44.8M | ||
| Q1 25 | $373.0M | — | ||
| Q4 24 | $-280.0M | — | ||
| Q3 24 | $468.0M | — | ||
| Q2 24 | $528.0M | — |
毛利率PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 56.3% | ||
| Q3 25 | 40.6% | 57.7% | ||
| Q2 25 | 42.0% | 58.6% | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 34.9% | — | ||
| Q3 24 | 41.8% | — | ||
| Q2 24 | 43.0% | — |
营业利润率PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 7.9% | ||
| Q3 25 | 16.9% | 6.1% | ||
| Q2 25 | 17.7% | -16.7% | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 17.3% | — |
净利率PPGPVH
| Q1 26 | 9.8% | — | ||
| Q4 25 | 7.7% | 0.2% | ||
| Q3 25 | 11.1% | 10.3% | ||
| Q2 25 | 10.7% | -2.3% | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | -12.9% | — | ||
| Q3 24 | 10.2% | — | ||
| Q2 24 | 11.0% | — |
每股收益（稀释后）PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | $1.33 | $0.09 | ||
| Q3 25 | $2.00 | $4.63 | ||
| Q2 25 | $1.98 | $-0.88 | ||
| Q1 25 | $1.63 | — | ||
| Q4 24 | $-1.18 | — | ||
| Q3 24 | $2.00 | — | ||
| Q2 24 | $2.24 | — |
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 | $1.6B | $158.2M |
| 总债务越低越好 | $6.4B | $2.3B |
| 股东权益账面价值 | — | $4.9B |
| 总资产 | — | $11.4B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资PPGPVH
| Q1 26 | $1.6B | — | ||
| Q4 25 | $2.2B | $158.2M | ||
| Q3 25 | $1.9B | $248.8M | ||
| Q2 25 | $1.6B | $191.0M | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — |
总债务PPGPVH
| Q1 26 | $6.4B | — | ||
| Q4 25 | $7.3B | $2.3B | ||
| Q3 25 | $7.3B | $2.3B | ||
| Q2 25 | $7.3B | $2.2B | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $6.5B | — | ||
| Q2 24 | $6.4B | — |
股东权益PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $4.9B | ||
| Q3 25 | $7.8B | $4.9B | ||
| Q2 25 | $7.6B | $4.6B | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | — |
总资产PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | $22.1B | $11.4B | ||
| Q3 25 | $22.1B | $11.6B | ||
| Q2 25 | $22.1B | $10.7B | ||
| Q1 25 | $21.1B | — | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $21.9B | — | ||
| Q2 24 | $21.7B | — |
负债/权益比PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | 0.46× | ||
| Q3 25 | 0.94× | 0.47× | ||
| Q2 25 | 0.97× | 0.48× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.82× | — |
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 | — | $-44.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-85.1M |
| 自由现金流率自由现金流/营收 | — | -3.7% |
| 资本支出强度资本支出/营收 | 5.0% | 1.8% |
| 现金转化率经营现金流/净利润 | — | -10.60× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | $-44.5M | ||
| Q3 25 | $685.0M | $213.1M | ||
| Q2 25 | $387.0M | $-71.4M | ||
| Q1 25 | $-18.0M | — | ||
| Q4 24 | $346.0M | — | ||
| Q3 24 | $769.0M | — | ||
| Q2 24 | $365.0M | — |
自由现金流PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | $586.0M | $-85.1M | ||
| Q3 25 | $538.0M | $181.9M | ||
| Q2 25 | $266.0M | $-98.1M | ||
| Q1 25 | $-227.0M | — | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $620.0M | — | ||
| Q2 24 | $247.0M | — |
自由现金流率PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | 15.0% | -3.7% | ||
| Q3 25 | 13.2% | 8.4% | ||
| Q2 25 | 6.3% | -4.9% | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 13.6% | — | ||
| Q2 24 | 5.2% | — |
资本支出强度PPGPVH
| Q1 26 | 5.0% | — | ||
| Q4 25 | 7.7% | 1.8% | ||
| Q3 25 | 3.6% | 1.4% | ||
| Q2 25 | 2.9% | 1.3% | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.5% | — |
现金转化率PPGPVH
| Q1 26 | — | — | ||
| Q4 25 | 2.96× | -10.60× | ||
| Q3 25 | 1.51× | 0.95× | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | -0.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 0.69× | — |
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
PPG
| Industrial Coatings | $1.6B | 42% |
| Performance Coatings | $1.3B | 34% |
| Global Architectural Coatings | $965.0M | 25% |
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
