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拉夫劳伦（RL）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是拉夫劳伦的1.6倍（$3.8B vs $2.4B），拉夫劳伦净利率更高（15.0% vs -31.8%，领先46.8%），拉夫劳伦同比增速更快（12.2% vs -4.3%），拉夫劳伦自由现金流更多（$704.0M vs $-583.4M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
RL vs SATS — 直观对比
营收规模更大
SATS
是对方的1.6倍
$2.4B
营收增速更快
RL
高出16.6%
-4.3%
净利率更高
RL
高出46.8%
-31.8%
自由现金流更多
RL
多$1.3B
$-583.4M
两年增速更快
RL
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.8B |
| 净利润 | $361.6M | $-1.2B |
| 毛利率 | 69.9% | — |
| 营业利润率 | 19.6% | -20.5% |
| 净利率 | 15.0% | -31.8% |
| 营收同比 | 12.2% | -4.3% |
| 净利润同比 | 21.6% | -460.1% |
| 每股收益（稀释后） | $5.82 | $-4.27 |
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RLSATS
| Q4 25 | $2.4B | $3.8B | ||
| Q3 25 | $2.0B | $3.6B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $1.7B | $3.9B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.6B | $4.0B |
净利润RLSATS
| Q4 25 | $361.6M | $-1.2B | ||
| Q3 25 | $207.5M | $-12.8B | ||
| Q2 25 | $220.4M | $-306.1M | ||
| Q1 25 | $129.0M | $-202.7M | ||
| Q4 24 | $297.4M | $335.2M | ||
| Q3 24 | $147.9M | $-141.8M | ||
| Q2 24 | $168.6M | $-205.6M | ||
| Q1 24 | $90.7M | $-107.4M |
毛利率RLSATS
| Q4 25 | 69.9% | — | ||
| Q3 25 | 68.0% | — | ||
| Q2 25 | 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RLSATS
| Q4 25 | 19.6% | -20.5% | ||
| Q3 25 | 12.2% | -460.5% | ||
| Q2 25 | 15.9% | -5.7% | ||
| Q1 25 | 9.1% | -2.3% | ||
| Q4 24 | 18.2% | -1.6% | ||
| Q3 24 | 10.4% | -4.1% | ||
| Q2 24 | 13.8% | -1.7% | ||
| Q1 24 | 6.9% | -0.4% |
净利率RLSATS
| Q4 25 | 15.0% | -31.8% | ||
| Q3 25 | 10.3% | -353.6% | ||
| Q2 25 | 12.8% | -8.2% | ||
| Q1 25 | 7.6% | -5.2% | ||
| Q4 24 | 13.9% | 8.5% | ||
| Q3 24 | 8.6% | -3.6% | ||
| Q2 24 | 11.1% | -5.2% | ||
| Q1 24 | 5.8% | -2.7% |
每股收益（稀释后）RLSATS
| Q4 25 | $5.82 | $-4.27 | ||
| Q3 25 | $3.32 | $-44.37 | ||
| Q2 25 | $3.52 | $-1.06 | ||
| Q1 25 | $2.03 | $-0.71 | ||
| Q4 24 | $4.66 | $1.24 | ||
| Q3 24 | $2.31 | $-0.52 | ||
| Q2 24 | $2.61 | $-0.76 | ||
| Q1 24 | $1.37 | $-0.40 |
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 | $2.3B | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $2.9B | $5.8B |
| 总资产 | $7.8B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资RLSATS
| Q4 25 | $2.3B | $3.0B | ||
| Q3 25 | $1.6B | $3.9B | ||
| Q2 25 | $2.3B | $4.3B | ||
| Q1 25 | $2.1B | $5.1B | ||
| Q4 24 | $2.1B | $5.5B | ||
| Q3 24 | $1.7B | $674.4M | ||
| Q2 24 | $1.8B | $520.6M | ||
| Q1 24 | $1.8B | $766.4M |
总债务RLSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益RLSATS
| Q4 25 | $2.9B | $5.8B | ||
| Q3 25 | $2.6B | $7.0B | ||
| Q2 25 | $2.5B | $19.7B | ||
| Q1 25 | $2.6B | $20.0B | ||
| Q4 24 | $2.5B | $20.2B | ||
| Q3 24 | $2.4B | $19.4B | ||
| Q2 24 | $2.4B | $19.6B | ||
| Q1 24 | $2.5B | $19.8B |
总资产RLSATS
| Q4 25 | $7.8B | $43.0B | ||
| Q3 25 | $7.3B | $45.3B | ||
| Q2 25 | $7.8B | $59.9B | ||
| Q1 25 | $7.0B | $60.6B | ||
| Q4 24 | $7.1B | $60.9B | ||
| Q3 24 | $6.8B | $57.5B | ||
| Q2 24 | $6.6B | $55.3B | ||
| Q1 24 | $6.6B | $55.6B |
负债/权益比RLSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $779.6M | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $704.0M | $-583.4M |
| 自由现金流率自由现金流/营收 | 29.3% | -15.4% |
| 资本支出强度资本支出/营收 | 3.1% | 4.2% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $694.5M | $-1.1B |
8季度趋势，按日历期对齐
经营现金流RLSATS
| Q4 25 | $779.6M | $-425.3M | ||
| Q3 25 | $53.2M | $111.7M | ||
| Q2 25 | $176.1M | $7.5M | ||
| Q1 25 | $122.2M | $206.8M | ||
| Q4 24 | $738.4M | $45.6M | ||
| Q3 24 | $97.2M | $276.2M | ||
| Q2 24 | $277.3M | $479.7M | ||
| Q1 24 | — | $451.3M |
自由现金流RLSATS
| Q4 25 | $704.0M | $-583.4M | ||
| Q3 25 | $-40.6M | $-144.4M | ||
| Q2 25 | $-11.2M | $-285.7M | ||
| Q1 25 | $42.3M | $-51.7M | ||
| Q4 24 | $677.2M | $-298.7M | ||
| Q3 24 | $55.5M | $-57.5M | ||
| Q2 24 | $243.9M | $132.4M | ||
| Q1 24 | — | $-68.4M |
自由现金流率RLSATS
| Q4 25 | 29.3% | -15.4% | ||
| Q3 25 | -2.0% | -4.0% | ||
| Q2 25 | -0.7% | -7.7% | ||
| Q1 25 | 2.5% | -1.3% | ||
| Q4 24 | 31.6% | -7.5% | ||
| Q3 24 | 3.2% | -1.5% | ||
| Q2 24 | 16.1% | 3.3% | ||
| Q1 24 | — | -1.7% |
资本支出强度RLSATS
| Q4 25 | 3.1% | 4.2% | ||
| Q3 25 | 4.7% | 7.1% | ||
| Q2 25 | 10.9% | 7.9% | ||
| Q1 25 | 4.7% | 6.7% | ||
| Q4 24 | 2.9% | 8.7% | ||
| Q3 24 | 2.4% | 8.6% | ||
| Q2 24 | 2.2% | 8.8% | ||
| Q1 24 | — | 12.9% |
现金转化率RLSATS
| Q4 25 | 2.16× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.48× | 0.14× | ||
| 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
RL
暂无分部数据
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
