vs
null（SWIM）与Warby Parker Inc.（WRBY）财务数据对比。点击上方公司名可切换其他公司
Warby Parker Inc.的季度营收约是null的1.8倍（$212.0M vs $117.3M），Warby Parker Inc.净利率更高（-2.8% vs -7.3%，领先4.5%），Warby Parker Inc.同比增速更快（11.2% vs 5.3%），过去两年Warby Parker Inc.的营收复合增速更高（2.9% vs -14.4%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
Warby Parker是总部位于纽约的美国眼镜品牌零售商，主营处方眼镜、隐形眼镜及太阳镜，还提供验光服务。品牌2010年创立之初仅在线上运营，目前约三分之二的收入来自276家线下实体门店，其中271家位于美国，5家位于加拿大，品牌未来计划开设900家门店，现有消费者规模228万，客单价约263美元。
SWIM vs WRBY — 直观对比
营收规模更大
WRBY
是对方的1.8倍
$117.3M
营收增速更快
WRBY
高出5.9%
5.3%
净利率更高
WRBY
高出4.5%
-7.3%
两年增速更快
WRBY
近两年复合增速
-14.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $117.3M | $212.0M |
| 净利润 | $-8.5M | $-6.0M |
| 毛利率 | 31.7% | 52.4% |
| 营业利润率 | — | -3.2% |
| 净利率 | -7.3% | -2.8% |
| 营收同比 | 5.3% | 11.2% |
| 净利润同比 | -43.1% | 13.4% |
| 每股收益（稀释后） | $-0.07 | $-0.06 |
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SWIMWRBY
| Q1 26 | $117.3M | — | ||
| Q4 25 | $100.0M | $212.0M | ||
| Q3 25 | $161.9M | $221.7M | ||
| Q2 25 | $172.6M | $214.5M | ||
| Q1 25 | $111.4M | $223.8M | ||
| Q4 24 | $87.3M | $190.6M | ||
| Q3 24 | $150.5M | $192.4M | ||
| Q2 24 | $160.1M | $188.2M |
净利润SWIMWRBY
| Q1 26 | $-8.5M | — | ||
| Q4 25 | $-7.0M | $-6.0M | ||
| Q3 25 | $8.1M | $5.9M | ||
| Q2 25 | $16.0M | $-1.8M | ||
| Q1 25 | $-6.0M | $3.5M | ||
| Q4 24 | $-29.2M | $-6.9M | ||
| Q3 24 | $5.9M | $-4.1M | ||
| Q2 24 | $13.3M | $-6.8M |
毛利率SWIMWRBY
| Q1 26 | 31.7% | — | ||
| Q4 25 | 28.0% | 52.4% | ||
| Q3 25 | 35.4% | 54.1% | ||
| Q2 25 | 37.1% | 53.0% | ||
| Q1 25 | 29.5% | 56.3% | ||
| Q4 24 | 24.6% | 54.1% | ||
| Q3 24 | 32.4% | 54.5% | ||
| Q2 24 | 33.1% | 56.0% |
营业利润率SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | -3.2% | ||
| Q3 25 | 13.3% | 1.6% | ||
| Q2 25 | 14.3% | -2.1% | ||
| Q1 25 | -4.4% | 1.1% | ||
| Q4 24 | -14.9% | -4.9% | ||
| Q3 24 | 8.9% | -3.4% | ||
| Q2 24 | 12.5% | -4.8% |
净利率SWIMWRBY
| Q1 26 | -7.3% | — | ||
| Q4 25 | -7.0% | -2.8% | ||
| Q3 25 | 5.0% | 2.6% | ||
| Q2 25 | 9.3% | -0.8% | ||
| Q1 25 | -5.4% | 1.6% | ||
| Q4 24 | -33.4% | -3.6% | ||
| Q3 24 | 3.9% | -2.1% | ||
| Q2 24 | 8.3% | -3.6% |
每股收益（稀释后）SWIMWRBY
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $-0.06 | $-0.06 | ||
| Q3 25 | $0.07 | $0.05 | ||
| Q2 25 | $0.13 | $-0.01 | ||
| Q1 25 | $-0.05 | $0.03 | ||
| Q4 24 | $-0.24 | $-0.06 | ||
| Q3 24 | $0.05 | $-0.03 | ||
| Q2 24 | $0.11 | $-0.06 |
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 | — | $286.4M |
| 总债务越低越好 | $3.3M | — |
| 股东权益账面价值 | $396.7M | $367.7M |
| 总资产 | $856.4M | $720.9M |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | — | $286.4M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $265.1M | ||
| Q4 24 | — | $254.2M | ||
| Q3 24 | — | $251.0M | ||
| Q2 24 | — | $238.0M |
总债务SWIMWRBY
| Q1 26 | $3.3M | — | ||
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — |
股东权益SWIMWRBY
| Q1 26 | $396.7M | — | ||
| Q4 25 | $405.9M | $367.7M | ||
| Q3 25 | $408.4M | $369.6M | ||
| Q2 25 | $398.4M | $361.5M | ||
| Q1 25 | $381.1M | $354.1M | ||
| Q4 24 | $387.2M | $340.1M | ||
| Q3 24 | $416.6M | $336.8M | ||
| Q2 24 | $408.1M | $329.4M |
总资产SWIMWRBY
| Q1 26 | $856.4M | — | ||
| Q4 25 | $823.2M | $720.9M | ||
| Q3 25 | $844.4M | $706.9M | ||
| Q2 25 | $822.1M | $701.9M | ||
| Q1 25 | $824.6M | $682.8M | ||
| Q4 24 | $794.2M | $676.5M | ||
| Q3 24 | $853.4M | $638.0M | ||
| Q2 24 | $830.0M | $618.2M |
负债/权益比SWIMWRBY
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — |
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 | $-47.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.1M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 7.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $43.7M |
8季度趋势，按日历期对齐
经营现金流SWIMWRBY
| Q1 26 | $-47.7M | — | ||
| Q4 25 | $23.3M | $23.3M | ||
| Q3 25 | $51.0M | $18.0M | ||
| Q2 25 | $36.0M | $40.2M | ||
| Q1 25 | $-46.9M | $29.4M | ||
| Q4 24 | $6.2M | $19.9M | ||
| Q3 24 | $37.2M | $27.3M | ||
| Q2 24 | $52.4M | $31.6M |
自由现金流SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $8.1M | ||
| Q3 25 | $45.2M | $-1.5M | ||
| Q2 25 | $29.1M | $23.9M | ||
| Q1 25 | $-50.3M | $13.2M | ||
| Q4 24 | $-98.0K | $2.2M | ||
| Q3 24 | $33.2M | $13.1M | ||
| Q2 24 | $47.9M | $14.0M |
自由现金流率SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | 3.8% | ||
| Q3 25 | 27.9% | -0.7% | ||
| Q2 25 | 16.8% | 11.1% | ||
| Q1 25 | -45.2% | 5.9% | ||
| Q4 24 | -0.1% | 1.1% | ||
| Q3 24 | 22.1% | 6.8% | ||
| Q2 24 | 29.9% | 7.4% |
资本支出强度SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | 7.1% | ||
| Q3 25 | 3.6% | 8.8% | ||
| Q2 25 | 4.0% | 7.6% | ||
| Q1 25 | 3.1% | 7.2% | ||
| Q4 24 | 7.2% | 9.3% | ||
| Q3 24 | 2.7% | 7.4% | ||
| Q2 24 | 2.8% | 9.4% |
现金转化率SWIMWRBY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | 3.06× | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | 8.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | — | ||
| Q2 24 | 3.95× | — |
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
SWIM
暂无分部数据
WRBY
| Retail | $155.2M | 73% |
| E Commerce | $56.8M | 27% |
