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PVH CORP.（PVH）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是PVH CORP.的1.0倍（$2.4B vs $2.3B），拉夫劳伦净利率更高（15.0% vs 0.2%，领先14.8%），拉夫劳伦同比增速更快（12.2% vs 1.7%），拉夫劳伦自由现金流更多（$704.0M 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
PVH vs RL — 直观对比
营收规模更大
RL
是对方的1.0倍
$2.3B
营收增速更快
RL
高出10.5%
1.7%
净利率更高
RL
高出14.8%
0.2%
自由现金流更多
RL
多$789.1M
$-85.1M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.4B |
| 净利润 | $4.2M | $361.6M |
| 毛利率 | 56.3% | 69.9% |
| 营业利润率 | 7.9% | 19.6% |
| 净利率 | 0.2% | 15.0% |
| 营收同比 | 1.7% | 12.2% |
| 净利润同比 | -96.8% | 21.6% |
| 每股收益（稀释后） | $0.09 | $5.82 |
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PVHRL
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
净利润PVHRL
| Q4 25 | $4.2M | $361.6M | ||
| Q3 25 | $224.2M | $207.5M | ||
| Q2 25 | $-44.8M | $220.4M | ||
| Q1 25 | — | $129.0M | ||
| Q4 24 | — | $297.4M | ||
| Q3 24 | — | $147.9M | ||
| Q2 24 | — | $168.6M | ||
| Q1 24 | — | $90.7M |
毛利率PVHRL
| Q4 25 | 56.3% | 69.9% | ||
| Q3 25 | 57.7% | 68.0% | ||
| Q2 25 | 58.6% | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
营业利润率PVHRL
| Q4 25 | 7.9% | 19.6% | ||
| Q3 25 | 6.1% | 12.2% | ||
| Q2 25 | -16.7% | 15.9% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 6.9% |
净利率PVHRL
| Q4 25 | 0.2% | 15.0% | ||
| Q3 25 | 10.3% | 10.3% | ||
| Q2 25 | -2.3% | 12.8% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 13.9% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 5.8% |
每股收益（稀释后）PVHRL
| Q4 25 | $0.09 | $5.82 | ||
| Q3 25 | $4.63 | $3.32 | ||
| Q2 25 | $-0.88 | $3.52 | ||
| Q1 25 | — | $2.03 | ||
| Q4 24 | — | $4.66 | ||
| Q3 24 | — | $2.31 | ||
| Q2 24 | — | $2.61 | ||
| Q1 24 | — | $1.37 |
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 | $2.3B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $4.9B | $2.9B |
| 总资产 | $11.4B | $7.8B |
| 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PVHRL
| Q4 25 | $158.2M | $2.3B | ||
| Q3 25 | $248.8M | $1.6B | ||
| Q2 25 | $191.0M | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
总债务PVHRL
| 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PVHRL
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.9B | $2.6B | ||
| Q2 25 | $4.6B | $2.5B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.5B |
总资产PVHRL
| Q4 25 | $11.4B | $7.8B | ||
| Q3 25 | $11.6B | $7.3B | ||
| Q2 25 | $10.7B | $7.8B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.6B | ||
| Q1 24 | — | $6.6B |
负债/权益比PVHRL
| 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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $-85.1M | $704.0M |
| 自由现金流率自由现金流/营收 | -3.7% | 29.3% |
| 资本支出强度资本支出/营收 | 1.8% | 3.1% |
| 现金转化率经营现金流/净利润 | -10.60× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $694.5M |
8季度趋势，按日历期对齐
经营现金流PVHRL
| Q4 25 | $-44.5M | $779.6M | ||
| Q3 25 | $213.1M | $53.2M | ||
| Q2 25 | $-71.4M | $176.1M | ||
| Q1 25 | — | $122.2M | ||
| Q4 24 | — | $738.4M | ||
| Q3 24 | — | $97.2M | ||
| Q2 24 | — | $277.3M | ||
| Q1 24 | — | — |
自由现金流PVHRL
| Q4 25 | $-85.1M | $704.0M | ||
| Q3 25 | $181.9M | $-40.6M | ||
| Q2 25 | $-98.1M | $-11.2M | ||
| Q1 25 | — | $42.3M | ||
| Q4 24 | — | $677.2M | ||
| Q3 24 | — | $55.5M | ||
| Q2 24 | — | $243.9M | ||
| Q1 24 | — | — |
自由现金流率PVHRL
| Q4 25 | -3.7% | 29.3% | ||
| Q3 25 | 8.4% | -2.0% | ||
| Q2 25 | -4.9% | -0.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | — |
资本支出强度PVHRL
| Q4 25 | 1.8% | 3.1% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 1.3% | 10.9% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率PVHRL
| Q4 25 | -10.60× | 2.16× | ||
| Q3 25 | 0.95× | 0.26× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 1.64× | ||
| 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% |
RL
暂无分部数据
