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TANDY LEATHER FACTORY INC（TLF）与Vera Bradley, Inc.（VRA）财务数据对比。点击上方公司名可切换其他公司
Vera Bradley, Inc.的季度营收约是TANDY LEATHER FACTORY INC的2.8倍（$62.3M vs $22.3M）。TANDY LEATHER FACTORY INC净利率更高（-4.2% vs -19.9%，领先15.7%）。TANDY LEATHER FACTORY INC同比增速更快（8.7% vs -22.7%）。TANDY LEATHER FACTORY INC自由现金流更多（$4.0M vs $-4.5M）。过去两年Vera Bradley, Inc.的营收复合增速更高（16.1% vs 7.4%）
坦迪皮革厂是美国的专业皮革及手工皮具相关产品零售商与批发商，在全球运营超过100家门店。品牌最初隶属于坦迪公司，历经多轮收购合并后，于2000年售予皮革厂公司。其位于得克萨斯州沃斯堡总部旁的旗舰店还设有斯托尔曼手工皮革博物馆。
维拉·布拉德利是源自美国的箱包设计品牌，1982年由两位设计师创立，总部位于印第安纳州韦恩堡。品牌最初主打高档棉质包袋，如今产品已拓展至时尚配饰、家居用品、文具与印花礼品，多数产品以辨识度极高的花卉、佩兹利或几何印花搭配配套里料，风格鲜明。
TLF vs VRA — 直观对比
营收规模更大
VRA
是对方的2.8倍
$22.3M
营收增速更快
TLF
高出31.4%
-22.7%
净利率更高
TLF
高出15.7%
-19.9%
自由现金流更多
TLF
多$8.5M
$-4.5M
两年增速更快
VRA
近两年复合增速
7.4%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $22.3M | $62.3M |
| 净利润 | $-930.0K | $-12.4M |
| 毛利率 | 54.3% | 42.1% |
| 营业利润率 | -2.8% | -19.6% |
| 净利率 | -4.2% | -19.9% |
| 营收同比 | 8.7% | -22.7% |
| 净利润同比 | -379.3% | 3.4% |
| 每股收益（稀释后） | $-0.18 | $-0.44 |
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TLFVRA
| Q4 25 | $22.3M | $62.3M | ||
| Q3 25 | $17.3M | $70.9M | ||
| Q2 25 | $17.8M | $51.7M | ||
| Q1 25 | $19.0M | $100.0M | ||
| Q4 24 | $20.5M | $70.5M | ||
| Q3 24 | $17.4M | $94.0M | ||
| Q2 24 | $17.3M | $67.9M | ||
| Q1 24 | $19.3M | $46.2M |
净利润TLFVRA
| Q4 25 | $-930.0K | $-12.4M | ||
| Q3 25 | $-1.4M | $-4.7M | ||
| Q2 25 | $-199.0K | $-33.5M | ||
| Q1 25 | $11.6M | $-47.0M | ||
| Q4 24 | $333.0K | $-12.8M | ||
| Q3 24 | $-132.0K | $5.7M | ||
| Q2 24 | $101.0K | $-8.1M | ||
| Q1 24 | $525.0K | $-1.9M |
毛利率TLFVRA
| Q4 25 | 54.3% | 42.1% | ||
| Q3 25 | 58.9% | 50.1% | ||
| Q2 25 | 59.5% | 44.1% | ||
| Q1 25 | 56.3% | 45.0% | ||
| Q4 24 | 53.0% | 54.5% | ||
| Q3 24 | 57.8% | 49.7% | ||
| Q2 24 | 58.0% | 50.1% | ||
| Q1 24 | 56.7% | 37.2% |
营业利润率TLFVRA
| Q4 25 | -2.8% | -19.6% | ||
| Q3 25 | -3.9% | -6.5% | ||
| Q2 25 | 0.4% | -34.6% | ||
| Q1 25 | 1.4% | -23.3% | ||
| Q4 24 | 0.9% | -11.6% | ||
| Q3 24 | -1.5% | 2.5% | ||
| Q2 24 | 0.4% | -15.6% | ||
| Q1 24 | 3.4% | -3.6% |
净利率TLFVRA
| Q4 25 | -4.2% | -19.9% | ||
| Q3 25 | -7.8% | -6.6% | ||
| Q2 25 | -1.1% | -64.8% | ||
| Q1 25 | 60.8% | -47.0% | ||
| Q4 24 | 1.6% | -18.2% | ||
| Q3 24 | -0.8% | 6.1% | ||
| Q2 24 | 0.6% | -12.0% | ||
| Q1 24 | 2.7% | -4.0% |
每股收益（稀释后）TLFVRA
| Q4 25 | $-0.18 | $-0.44 | ||
| Q3 25 | $-0.17 | $-0.17 | ||
| Q2 25 | $-0.02 | $-1.20 | ||
| Q1 25 | $1.47 | $-1.62 | ||
| Q4 24 | $0.04 | $-0.46 | ||
| Q3 24 | $-0.02 | $0.19 | ||
| Q2 24 | $0.01 | $-0.26 | ||
| Q1 24 | $0.06 | $-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 | $16.1M | $10.7M |
| 总债务越低越好 | — | $10.0M |
| 股东权益账面价值 | $52.6M | $128.1M |
| 总资产 | $86.6M | $243.7M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资TLFVRA
| Q4 25 | $16.1M | $10.7M | ||
| Q3 25 | $12.0M | $15.2M | ||
| Q2 25 | $16.4M | $11.3M | ||
| Q1 25 | $23.6M | $30.4M | ||
| Q4 24 | $13.3M | $13.7M | ||
| Q3 24 | $10.1M | $44.1M | ||
| Q2 24 | $11.5M | $55.2M | ||
| Q1 24 | $12.3M | $77.3M |
总债务TLFVRA
| Q4 25 | — | $10.0M | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TLFVRA
| Q4 25 | $52.6M | $128.1M | ||
| Q3 25 | $53.4M | $140.5M | ||
| Q2 25 | $56.1M | $146.0M | ||
| Q1 25 | $55.8M | $179.0M | ||
| Q4 24 | $57.2M | $225.2M | ||
| Q3 24 | $57.6M | $242.5M | ||
| Q2 24 | $57.5M | $245.9M | ||
| Q1 24 | $57.2M | $259.9M |
总资产TLFVRA
| Q4 25 | $86.6M | $243.7M | ||
| Q3 25 | $84.5M | $266.2M | ||
| Q2 25 | $76.5M | $267.9M | ||
| Q1 25 | $77.9M | $306.7M | ||
| Q4 24 | $74.9M | $359.0M | ||
| Q3 24 | $73.0M | $379.2M | ||
| Q2 24 | $72.8M | $368.7M | ||
| Q1 24 | $72.4M | $380.8M |
负债/权益比TLFVRA
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| 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 | $5.0M | $-4.0M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $-4.5M |
| 自由现金流率自由现金流/营收 | 18.1% | -7.2% |
| 资本支出强度资本支出/营收 | 4.3% | 0.7% |
| 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 | $-8.1M | $-13.0M |
8季度趋势，按日历期对齐
经营现金流TLFVRA
| Q4 25 | $5.0M | $-4.0M | ||
| Q3 25 | $-1.0M | $-5.4M | ||
| Q2 25 | $-4.0M | $-17.9M | ||
| Q1 25 | $-536.0K | $21.7M | ||
| Q4 24 | $4.5M | $-22.6M | ||
| Q3 24 | $-535.0K | $1.4M | ||
| Q2 24 | $-514.0K | $-14.5M | ||
| Q1 24 | $1.1M | $26.9M |
自由现金流TLFVRA
| Q4 25 | $4.0M | $-4.5M | ||
| Q3 25 | $-3.0M | $-6.1M | ||
| Q2 25 | $-7.3M | $-19.8M | ||
| Q1 25 | $-1.9M | $17.3M | ||
| Q4 24 | $3.8M | $-25.0M | ||
| Q3 24 | $-1.4M | $-1.4M | ||
| Q2 24 | $-715.0K | $-15.4M | ||
| Q1 24 | $-141.0K | $25.7M |
自由现金流率TLFVRA
| Q4 25 | 18.1% | -7.2% | ||
| Q3 25 | -17.2% | -8.7% | ||
| Q2 25 | -41.0% | -38.3% | ||
| Q1 25 | -9.8% | 17.3% | ||
| Q4 24 | 18.8% | -35.5% | ||
| Q3 24 | -8.2% | -1.5% | ||
| Q2 24 | -4.1% | -22.7% | ||
| Q1 24 | -0.7% | 55.7% |
资本支出强度TLFVRA
| Q4 25 | 4.3% | 0.7% | ||
| Q3 25 | 11.2% | 1.0% | ||
| Q2 25 | 18.7% | 3.6% | ||
| Q1 25 | 7.0% | 4.3% | ||
| Q4 24 | 3.3% | 3.4% | ||
| Q3 24 | 5.1% | 3.0% | ||
| Q2 24 | 1.2% | 1.3% | ||
| Q1 24 | 6.4% | 2.6% |
现金转化率TLFVRA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.05× | — | ||
| Q4 24 | 13.55× | — | ||
| Q3 24 | — | 0.25× | ||
| Q2 24 | -5.09× | — | ||
| Q1 24 | 2.07× | — |
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
TLF
暂无分部数据
VRA
| Bags | $23.9M | 38% |
| Indirect | $12.6M | 20% |
| Transferred At Point In Time | $12.2M | 20% |
| Accessories | $7.2M | 12% |
| Home | $3.5M | 6% |
| Apparel Footwear | $1.8M | 3% |
| Other Products | $1.5M | 2% |
