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史丹利百得（SWK）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是泰佩思琦的1.5倍（$3.8B vs $2.5B），泰佩思琦净利率更高（22.4% vs 1.4%，领先21.1%），泰佩思琦同比增速更快（14.0% vs 0.1%），泰佩思琦自由现金流更多（$1.0B vs $155.3M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 0.3%）
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
SWK vs TPR — 直观对比
营收规模更大
SWK
是对方的1.5倍
$2.5B
营收增速更快
TPR
高出13.9%
0.1%
净利率更高
TPR
高出21.1%
1.4%
自由现金流更多
TPR
多$882.2M
$155.3M
两年增速更快
TPR
近两年复合增速
0.3%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.5B |
| 净利润 | $51.4M | $561.3M |
| 毛利率 | 31.4% | 75.5% |
| 营业利润率 | — | 28.6% |
| 净利率 | 1.4% | 22.4% |
| 营收同比 | 0.1% | 14.0% |
| 净利润同比 | -43.6% | 80.8% |
| 每股收益（稀释后） | $0.34 | $2.68 |
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SWKTPR
| Q4 25 | — | $2.5B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | $3.7B | $1.6B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $3.8B | $1.5B | ||
| Q2 24 | $4.0B | $1.6B | ||
| Q1 24 | $3.9B | $1.5B |
净利润SWKTPR
| Q4 25 | — | $561.3M | ||
| Q3 25 | $51.4M | $274.8M | ||
| Q2 25 | $101.9M | $-517.1M | ||
| Q1 25 | $90.4M | $203.3M | ||
| Q4 24 | $194.9M | $310.4M | ||
| Q3 24 | $91.1M | $186.6M | ||
| Q2 24 | $-11.2M | $159.3M | ||
| Q1 24 | $19.5M | $139.4M |
毛利率SWKTPR
| Q4 25 | — | 75.5% | ||
| Q3 25 | 31.4% | 76.3% | ||
| Q2 25 | 27.0% | 76.3% | ||
| Q1 25 | 29.9% | 76.1% | ||
| Q4 24 | 30.8% | 74.4% | ||
| Q3 24 | 29.9% | 75.3% | ||
| Q2 24 | 28.4% | 74.9% | ||
| Q1 24 | 28.6% | 74.7% |
营业利润率SWKTPR
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | -33.9% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | 3.4% | 22.4% | ||
| Q3 24 | 10.6% | 16.7% | ||
| Q2 24 | 9.5% | 14.8% | ||
| Q1 24 | 8.3% | 13.8% |
净利率SWKTPR
| Q4 25 | — | 22.4% | ||
| Q3 25 | 1.4% | 16.1% | ||
| Q2 25 | 2.6% | -30.0% | ||
| Q1 25 | 2.4% | 12.8% | ||
| Q4 24 | 5.2% | 14.1% | ||
| Q3 24 | 2.4% | 12.4% | ||
| Q2 24 | -0.3% | 10.0% | ||
| Q1 24 | 0.5% | 9.4% |
每股收益（稀释后）SWKTPR
| Q4 25 | — | $2.68 | ||
| Q3 25 | $0.34 | $1.28 | ||
| Q2 25 | $0.67 | $-2.30 | ||
| Q1 25 | $0.60 | $0.95 | ||
| Q4 24 | $1.29 | $1.38 | ||
| Q3 24 | $0.60 | $0.79 | ||
| Q2 24 | $-0.07 | $0.67 | ||
| Q1 24 | $0.13 | $0.60 |
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 | $268.3M | $1.1B |
| 总债务越低越好 | $5.3B | $2.4B |
| 股东权益账面价值 | $9.0B | $551.2M |
| 总资产 | $21.8B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资SWKTPR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $268.3M | $743.2M | ||
| Q2 25 | $311.8M | $1.1B | ||
| Q1 25 | $344.8M | $1.1B | ||
| Q4 24 | $290.5M | $1.0B | ||
| Q3 24 | $298.7M | $7.3B | ||
| Q2 24 | $318.5M | $7.2B | ||
| Q1 24 | $476.6M | $7.4B |
总债务SWKTPR
| Q4 25 | — | $2.4B | ||
| Q3 25 | $5.3B | $2.4B | ||
| Q2 25 | $5.6B | $2.4B | ||
| Q1 25 | $5.6B | $2.4B | ||
| Q4 24 | $6.1B | $2.4B | ||
| Q3 24 | $6.1B | $7.0B | ||
| Q2 24 | $6.1B | $6.9B | ||
| Q1 24 | $6.1B | $7.7B |
股东权益SWKTPR
| Q4 25 | — | $551.2M | ||
| Q3 25 | $9.0B | $399.5M | ||
| Q2 25 | $9.1B | $857.8M | ||
| Q1 25 | $8.8B | $1.5B | ||
| Q4 24 | $8.7B | $1.3B | ||
| Q3 24 | $8.9B | $3.0B | ||
| Q2 24 | $8.7B | $2.9B | ||
| Q1 24 | $8.9B | $2.8B |
总资产SWKTPR
| Q4 25 | — | $6.5B | ||
| Q3 25 | $21.8B | $6.4B | ||
| Q2 25 | $22.5B | $6.6B | ||
| Q1 25 | $22.5B | $7.3B | ||
| Q4 24 | $21.8B | $7.3B | ||
| Q3 24 | $22.5B | $13.7B | ||
| Q2 24 | $22.5B | $13.4B | ||
| Q1 24 | $23.9B | $13.7B |
负债/权益比SWKTPR
| Q4 25 | — | 4.32× | ||
| Q3 25 | 0.59× | 5.95× | ||
| Q2 25 | 0.62× | 2.77× | ||
| Q1 25 | 0.63× | 1.59× | ||
| Q4 24 | 0.70× | 1.78× | ||
| Q3 24 | 0.69× | 2.35× | ||
| Q2 24 | 0.70× | 2.39× | ||
| Q1 24 | 0.69× | 2.77× |
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 | $221.2M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $155.3M | $1.0B |
| 自由现金流率自由现金流/营收 | 4.1% | 41.5% |
| 资本支出强度资本支出/营收 | 1.8% | 1.7% |
| 现金转化率经营现金流/净利润 | 4.30× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $369.6M | $1.6B |
8季度趋势，按日历期对齐
经营现金流SWKTPR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $221.2M | $112.6M | ||
| Q2 25 | $214.3M | $446.8M | ||
| Q1 25 | $-420.0M | $144.3M | ||
| Q4 24 | $679.1M | $506.0M | ||
| Q3 24 | $285.8M | $119.5M | ||
| Q2 24 | $573.0M | $256.0M | ||
| Q1 24 | $-431.0M | $97.8M |
自由现金流SWKTPR
| Q4 25 | — | $1.0B | ||
| Q3 25 | $155.3M | $80.2M | ||
| Q2 25 | $134.7M | $411.5M | ||
| Q1 25 | $-485.0M | $113.4M | ||
| Q4 24 | $564.6M | $475.1M | ||
| Q3 24 | $199.3M | $93.9M | ||
| Q2 24 | $485.8M | $209.8M | ||
| Q1 24 | $-496.7M | $78.8M |
自由现金流率SWKTPR
| Q4 25 | — | 41.5% | ||
| Q3 25 | 4.1% | 4.7% | ||
| Q2 25 | 3.4% | 23.9% | ||
| Q1 25 | -13.0% | 7.2% | ||
| Q4 24 | 15.2% | 21.6% | ||
| Q3 24 | 5.3% | 6.2% | ||
| Q2 24 | 12.1% | 13.2% | ||
| Q1 24 | -12.8% | 5.3% |
资本支出强度SWKTPR
| Q4 25 | — | 1.7% | ||
| Q3 25 | 1.8% | 1.9% | ||
| Q2 25 | 2.0% | 2.0% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.1% | 1.4% | ||
| Q3 24 | 2.3% | 1.7% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | 1.7% | 1.3% |
现金转化率SWKTPR
| Q4 25 | — | 1.93× | ||
| Q3 25 | 4.30× | 0.41× | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | -4.65× | 0.71× | ||
| Q4 24 | 3.48× | 1.63× | ||
| Q3 24 | 3.14× | 0.64× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | -22.10× | 0.70× |
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
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
