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拉夫劳伦（RL）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是拉夫劳伦的2.0倍（$4.8B vs $2.4B），拉夫劳伦净利率更高（15.0% vs 4.8%，领先10.2%），Vistra Corp.同比增速更快（31.2% vs 12.2%），拉夫劳伦自由现金流更多（$704.0M vs $596.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs 23.3%）
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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
RL vs VST — 直观对比
营收规模更大
VST
是对方的2.0倍
$2.4B
营收增速更快
VST
高出19.0%
12.2%
净利率更高
RL
高出10.2%
4.8%
自由现金流更多
RL
多$108.0M
$596.0M
两年增速更快
RL
近两年复合增速
23.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $4.8B |
| 净利润 | $361.6M | $233.0M |
| 毛利率 | 69.9% | — |
| 营业利润率 | 19.6% | 9.9% |
| 净利率 | 15.0% | 4.8% |
| 营收同比 | 12.2% | 31.2% |
| 净利润同比 | 21.6% | -47.2% |
| 每股收益（稀释后） | $5.82 | $0.55 |
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RLVST
| Q4 25 | $2.4B | $4.8B | ||
| Q3 25 | $2.0B | $4.8B | ||
| Q2 25 | $1.7B | $3.8B | ||
| Q1 25 | $1.7B | $4.3B | ||
| Q4 24 | $2.1B | $3.7B | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.5B | $3.6B | ||
| Q1 24 | $1.6B | $3.2B |
净利润RLVST
| Q4 25 | $361.6M | $233.0M | ||
| Q3 25 | $207.5M | $652.0M | ||
| Q2 25 | $220.4M | $327.0M | ||
| Q1 25 | $129.0M | $-268.0M | ||
| Q4 24 | $297.4M | $441.0M | ||
| Q3 24 | $147.9M | $1.9B | ||
| Q2 24 | $168.6M | $365.0M | ||
| Q1 24 | $90.7M | $-35.0M |
毛利率RLVST
| 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RLVST
| Q4 25 | 19.6% | 9.9% | ||
| Q3 25 | 12.2% | 21.7% | ||
| Q2 25 | 15.9% | 13.7% | ||
| Q1 25 | 9.1% | -2.8% | ||
| Q4 24 | 18.2% | 16.4% | ||
| Q3 24 | 10.4% | 59.6% | ||
| Q2 24 | 13.8% | 22.5% | ||
| Q1 24 | 6.9% | 2.7% |
净利率RLVST
| Q4 25 | 15.0% | 4.8% | ||
| Q3 25 | 10.3% | 13.6% | ||
| Q2 25 | 12.8% | 8.7% | ||
| Q1 25 | 7.6% | -6.3% | ||
| Q4 24 | 13.9% | 12.0% | ||
| Q3 24 | 8.6% | 43.5% | ||
| Q2 24 | 11.1% | 10.1% | ||
| Q1 24 | 5.8% | -1.1% |
每股收益（稀释后）RLVST
| Q4 25 | $5.82 | $0.55 | ||
| Q3 25 | $3.32 | $1.75 | ||
| Q2 25 | $3.52 | $0.81 | ||
| Q1 25 | $2.03 | $-0.93 | ||
| Q4 24 | $4.66 | $1.09 | ||
| Q3 24 | $2.31 | $5.25 | ||
| Q2 24 | $2.61 | $0.90 | ||
| Q1 24 | $1.37 | $-0.24 |
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 | $2.3B | $785.0M |
| 总债务越低越好 | — | $15.8B |
| 股东权益账面价值 | $2.9B | $5.1B |
| 总资产 | $7.8B | $41.5B |
| 负债/权益比越低杠杆越低 | — | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资RLVST
| Q4 25 | $2.3B | $785.0M | ||
| Q3 25 | $1.6B | $602.0M | ||
| Q2 25 | $2.3B | $458.0M | ||
| Q1 25 | $2.1B | $561.0M | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $1.7B | $905.0M | ||
| Q2 24 | $1.8B | $1.6B | ||
| Q1 24 | $1.8B | $1.1B |
总债务RLVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.7B |
股东权益RLVST
| Q4 25 | $2.9B | $5.1B | ||
| Q3 25 | $2.6B | $5.2B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $2.6B | $4.8B | ||
| Q4 24 | $2.5B | $5.6B | ||
| Q3 24 | $2.4B | $5.4B | ||
| Q2 24 | $2.4B | $5.6B | ||
| Q1 24 | $2.5B | $5.7B |
总资产RLVST
| Q4 25 | $7.8B | $41.5B | ||
| Q3 25 | $7.3B | $38.0B | ||
| Q2 25 | $7.8B | $38.1B | ||
| Q1 25 | $7.0B | $38.2B | ||
| Q4 24 | $7.1B | $37.8B | ||
| Q3 24 | $6.8B | $37.9B | ||
| Q2 24 | $6.6B | $39.1B | ||
| Q1 24 | $6.6B | $38.2B |
负债/权益比RLVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.60× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $704.0M | $596.0M |
| 自由现金流率自由现金流/营收 | 29.3% | 12.4% |
| 资本支出强度资本支出/营收 | 3.1% | 17.4% |
| 现金转化率经营现金流/净利润 | 2.16× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $694.5M | $1.3B |
8季度趋势，按日历期对齐
经营现金流RLVST
| Q4 25 | $779.6M | $1.4B | ||
| Q3 25 | $53.2M | $1.5B | ||
| Q2 25 | $176.1M | $572.0M | ||
| Q1 25 | $122.2M | $599.0M | ||
| Q4 24 | $738.4M | $1.4B | ||
| Q3 24 | $97.2M | $1.7B | ||
| Q2 24 | $277.3M | $1.2B | ||
| Q1 24 | — | $312.0M |
自由现金流RLVST
| Q4 25 | $704.0M | $596.0M | ||
| Q3 25 | $-40.6M | $1.0B | ||
| Q2 25 | $-11.2M | $-118.0M | ||
| Q1 25 | $42.3M | $-169.0M | ||
| Q4 24 | $677.2M | $923.0M | ||
| Q3 24 | $55.5M | $1.0B | ||
| Q2 24 | $243.9M | $698.0M | ||
| Q1 24 | — | $-153.0M |
自由现金流率RLVST
| Q4 25 | 29.3% | 12.4% | ||
| Q3 25 | -2.0% | 21.1% | ||
| Q2 25 | -0.7% | -3.1% | ||
| Q1 25 | 2.5% | -4.0% | ||
| Q4 24 | 31.6% | 25.2% | ||
| Q3 24 | 3.2% | 23.4% | ||
| Q2 24 | 16.1% | 19.4% | ||
| Q1 24 | — | -4.8% |
资本支出强度RLVST
| Q4 25 | 3.1% | 17.4% | ||
| Q3 25 | 4.7% | 9.6% | ||
| Q2 25 | 10.9% | 18.4% | ||
| Q1 25 | 4.7% | 18.1% | ||
| Q4 24 | 2.9% | 11.7% | ||
| Q3 24 | 2.4% | 15.8% | ||
| Q2 24 | 2.2% | 13.8% | ||
| Q1 24 | — | 14.7% |
现金转化率RLVST
| Q4 25 | 2.16× | 6.15× | ||
| Q3 25 | 0.26× | 2.25× | ||
| Q2 25 | 0.80× | 1.75× | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.48× | 3.07× | ||
| Q3 24 | 0.66× | 0.90× | ||
| Q2 24 | 1.64× | 3.28× | ||
| 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
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
