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PVH CORP.（PVH）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
PVH CORP.的季度营收约是罗布乐思的1.6倍（$2.3B vs $1.4B），PVH CORP.净利率更高（0.2% vs -22.3%，领先22.5%），罗布乐思同比增速更快（43.2% vs 1.7%），罗布乐思自由现金流更多（$308.6M vs $-85.1M）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
PVH vs RBLX — 直观对比
营收规模更大
PVH
是对方的1.6倍
$1.4B
营收增速更快
RBLX
高出41.5%
1.7%
净利率更高
PVH
高出22.5%
-22.3%
自由现金流更多
RBLX
多$393.7M
$-85.1M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.4B |
| 净利润 | $4.2M | $-316.0M |
| 毛利率 | 56.3% | 77.7% |
| 营业利润率 | 7.9% | -25.3% |
| 净利率 | 0.2% | -22.3% |
| 营收同比 | 1.7% | 43.2% |
| 净利润同比 | -96.8% | -43.9% |
| 每股收益（稀释后） | $0.09 | $-0.44 |
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PVHRBLX
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $988.2M | ||
| Q3 24 | — | $919.0M | ||
| Q2 24 | — | $893.5M | ||
| Q1 24 | — | $801.3M |
净利润PVHRBLX
| Q4 25 | $4.2M | $-316.0M | ||
| Q3 25 | $224.2M | $-255.6M | ||
| Q2 25 | $-44.8M | $-278.4M | ||
| Q1 25 | — | $-215.1M | ||
| Q4 24 | — | $-219.6M | ||
| Q3 24 | — | $-239.3M | ||
| Q2 24 | — | $-205.9M | ||
| Q1 24 | — | $-270.6M |
毛利率PVHRBLX
| Q4 25 | 56.3% | 77.7% | ||
| Q3 25 | 57.7% | 78.2% | ||
| Q2 25 | 58.6% | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率PVHRBLX
| Q4 25 | 7.9% | -25.3% | ||
| Q3 25 | 6.1% | -21.8% | ||
| Q2 25 | -16.7% | -29.8% | ||
| Q1 25 | — | -24.6% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -30.4% | ||
| Q2 24 | — | -26.6% | ||
| Q1 24 | — | -37.7% |
净利率PVHRBLX
| Q4 25 | 0.2% | -22.3% | ||
| Q3 25 | 10.3% | -18.8% | ||
| Q2 25 | -2.3% | -25.8% | ||
| Q1 25 | — | -20.8% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | -26.0% | ||
| Q2 24 | — | -23.0% | ||
| Q1 24 | — | -33.8% |
每股收益（稀释后）PVHRBLX
| Q4 25 | $0.09 | $-0.44 | ||
| Q3 25 | $4.63 | $-0.37 | ||
| Q2 25 | $-0.88 | $-0.41 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.32 | ||
| Q3 24 | — | $-0.37 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.43 |
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 | $158.2M | $3.1B |
| 总债务越低越好 | $2.3B | $1.2B |
| 股东权益账面价值 | $4.9B | $394.5M |
| 总资产 | $11.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.46× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资PVHRBLX
| Q4 25 | $158.2M | $3.1B | ||
| Q3 25 | $248.8M | $2.9B | ||
| Q2 25 | $191.0M | $2.6B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总债务PVHRBLX
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PVHRBLX
| Q4 25 | $4.9B | $394.5M | ||
| Q3 25 | $4.9B | $407.6M | ||
| Q2 25 | $4.6B | $353.2M | ||
| Q1 25 | — | $310.7M | ||
| Q4 24 | — | $221.4M | ||
| Q3 24 | — | $189.9M | ||
| Q2 24 | — | $121.5M | ||
| Q1 24 | — | $71.6M |
总资产PVHRBLX
| Q4 25 | $11.4B | $9.6B | ||
| Q3 25 | $11.6B | $8.6B | ||
| Q2 25 | $10.7B | $7.8B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $6.5B | ||
| Q1 24 | — | $6.3B |
负债/权益比PVHRBLX
| Q4 25 | 0.46× | 2.98× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-85.1M | $308.6M |
| 自由现金流率自由现金流/营收 | -3.7% | 21.8% |
| 资本支出强度资本支出/营收 | 1.8% | 21.1% |
| 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 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流PVHRBLX
| Q4 25 | $-44.5M | $607.0M | ||
| Q3 25 | $213.1M | $546.2M | ||
| Q2 25 | $-71.4M | $199.3M | ||
| Q1 25 | — | $443.9M | ||
| Q4 24 | — | $184.5M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $151.4M | ||
| Q1 24 | — | $238.9M |
自由现金流PVHRBLX
| Q4 25 | $-85.1M | $308.6M | ||
| Q3 25 | $181.9M | $443.6M | ||
| Q2 25 | $-98.1M | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | — | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率PVHRBLX
| Q4 25 | -3.7% | 21.8% | ||
| Q3 25 | 8.4% | 32.6% | ||
| Q2 25 | -4.9% | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度PVHRBLX
| Q4 25 | 1.8% | 21.1% | ||
| Q3 25 | 1.4% | 7.5% | ||
| Q2 25 | 1.3% | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率PVHRBLX
| Q4 25 | -10.60× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
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% |
RBLX
暂无分部数据
