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PVH CORP.（PVH）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是PVH CORP.的1.2倍（$2.7B vs $2.3B），Rocket Companies, Inc.净利率更高（2.5% vs 0.2%，领先2.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 1.7%），PVH CORP.自由现金流更多（$-85.1M vs $-1.3B）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
PVH vs RKT — 直观对比
营收规模更大
RKT
是对方的1.2倍
$2.3B
营收增速更快
RKT
高出50.4%
1.7%
净利率更高
RKT
高出2.3%
0.2%
自由现金流更多
PVH
多$1.2B
$-1.3B
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.7B |
| 净利润 | $4.2M | $68.0M |
| 毛利率 | 56.3% | — |
| 营业利润率 | 7.9% | 6.3% |
| 净利率 | 0.2% | 2.5% |
| 营收同比 | 1.7% | 52.2% |
| 净利润同比 | -96.8% | 100.8% |
| 每股收益（稀释后） | $0.09 | $0.10 |
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PVHRKT
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $646.9M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
净利润PVHRKT
| Q4 25 | $4.2M | $68.0M | ||
| Q3 25 | $224.2M | $-123.9M | ||
| Q2 25 | $-44.8M | $-1.8M | ||
| Q1 25 | — | $-10.4M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | — | $-22.0M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $16.2M |
毛利率PVHRKT
| Q4 25 | 56.3% | — | ||
| Q3 25 | 57.7% | — | ||
| Q2 25 | 58.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率PVHRKT
| Q4 25 | 7.9% | 6.3% | ||
| Q3 25 | 6.1% | -11.5% | ||
| Q2 25 | -16.7% | 1.8% | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | -76.9% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 21.6% |
净利率PVHRKT
| Q4 25 | 0.2% | 2.5% | ||
| Q3 25 | 10.3% | -7.7% | ||
| Q2 25 | -2.3% | -0.1% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.2% |
每股收益（稀释后）PVHRKT
| Q4 25 | $0.09 | $0.10 | ||
| Q3 25 | $4.63 | $-0.06 | ||
| Q2 25 | $-0.88 | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $4.9B | $22.9B |
| 总资产 | $11.4B | $60.7B |
| 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PVHRKT
| Q4 25 | $158.2M | $2.7B | ||
| Q3 25 | $248.8M | $5.8B | ||
| Q2 25 | $191.0M | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
总债务PVHRKT
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PVHRKT
| Q4 25 | $4.9B | $22.9B | ||
| Q3 25 | $4.9B | $8.9B | ||
| Q2 25 | $4.6B | $7.4B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $9.0B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $8.8B | ||
| Q1 24 | — | $8.6B |
总资产PVHRKT
| Q4 25 | $11.4B | $60.7B | ||
| Q3 25 | $11.6B | $33.6B | ||
| Q2 25 | $10.7B | $30.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $24.5B | ||
| Q3 24 | — | $25.1B | ||
| Q2 24 | — | $23.6B | ||
| Q1 24 | — | $22.2B |
负债/权益比PVHRKT
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-85.1M | $-1.3B |
| 自由现金流率自由现金流/营收 | -3.7% | -47.2% |
| 资本支出强度资本支出/营收 | 1.8% | 1.5% |
| 现金转化率经营现金流/净利润 | -10.60× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流PVHRKT
| Q4 25 | $-44.5M | $-1.2B | ||
| Q3 25 | $213.1M | $-50.3M | ||
| Q2 25 | $-71.4M | $-1.9B | ||
| Q1 25 | — | $-797.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.3B | ||
| Q2 24 | — | $-122.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流PVHRKT
| Q4 25 | $-85.1M | $-1.3B | ||
| Q3 25 | $181.9M | $-71.8M | ||
| Q2 25 | $-98.1M | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率PVHRKT
| Q4 25 | -3.7% | -47.2% | ||
| Q3 25 | 8.4% | -4.5% | ||
| Q2 25 | -4.9% | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度PVHRKT
| Q4 25 | 1.8% | 1.5% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.3% | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率PVHRKT
| Q4 25 | -10.60× | -18.08× | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | — | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
