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Tilray Brands, Inc.（TLRY）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
Tilray Brands, Inc.的季度营收约是VIRTUS INVESTMENT PARTNERS, INC.的1.1倍（$217.5M vs $199.5M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs -20.7%，领先24.2%），Tilray Brands, Inc.同比增速更快（3.1% vs -4.1%），过去两年Tilray Brands, Inc.的营收复合增速更高（7.5% vs -5.7%）
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
TLRY vs VRTS — 直观对比
营收规模更大
TLRY
是对方的1.1倍
$199.5M
营收增速更快
TLRY
高出7.2%
-4.1%
净利率更高
VRTS
高出24.2%
-20.7%
两年增速更快
TLRY
近两年复合增速
-5.7%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $199.5M |
| 净利润 | $-44.9M | $7.1M |
| 毛利率 | 26.4% | — |
| 营业利润率 | -10.2% | 7.7% |
| 净利率 | -20.7% | 3.6% |
| 营收同比 | 3.1% | -4.1% |
| 净利润同比 | 47.4% | -78.1% |
| 每股收益（稀释后） | $-0.41 | $1.05 |
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TLRYVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $217.5M | $208.0M | ||
| Q3 25 | $209.5M | $216.4M | ||
| Q2 25 | $224.5M | $210.5M | ||
| Q1 25 | $185.8M | $217.9M | ||
| Q4 24 | $210.9M | $233.5M | ||
| Q3 24 | $200.0M | $227.0M | ||
| Q2 24 | $229.9M | $224.4M |
净利润TLRYVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-44.9M | $33.9M | ||
| Q3 25 | $-322.0K | $31.3M | ||
| Q2 25 | $-1.3B | $42.7M | ||
| Q1 25 | $-789.4M | $28.1M | ||
| Q4 24 | $-85.3M | $39.5M | ||
| Q3 24 | $-39.2M | $49.1M | ||
| Q2 24 | $-31.7M | $26.0M |
毛利率TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.4% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 35.8% | — |
营业利润率TLRYVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | -10.2% | 19.1% | ||
| Q3 25 | 1.0% | 21.7% | ||
| Q2 25 | -643.1% | 21.5% | ||
| Q1 25 | -409.0% | 16.8% | ||
| Q4 24 | -20.0% | 21.7% | ||
| Q3 24 | -18.3% | 24.3% | ||
| Q2 24 | -7.2% | 19.7% |
净利率TLRYVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | -20.7% | 16.3% | ||
| Q3 25 | -0.2% | 14.5% | ||
| Q2 25 | -566.9% | 20.3% | ||
| Q1 25 | -424.9% | 12.9% | ||
| Q4 24 | -40.5% | 16.9% | ||
| Q3 24 | -19.6% | 21.6% | ||
| Q2 24 | -13.8% | 11.6% |
每股收益（稀释后）TLRYVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.41 | $5.15 | ||
| Q3 25 | $0.00 | $4.65 | ||
| Q2 25 | $7.26 | $6.12 | ||
| Q1 25 | $-8.69 | $4.05 | ||
| Q4 24 | $-0.99 | $4.65 | ||
| Q3 24 | $-0.04 | $5.71 | ||
| Q2 24 | $-0.04 | $2.43 |
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 | $291.6M | $136.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $93.6B |
| 总资产 | $2.1B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TLRYVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $291.6M | — | ||
| Q3 25 | $264.8M | — | ||
| Q2 25 | $256.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $252.2M | — | ||
| Q3 24 | $280.1M | — | ||
| Q2 24 | $260.5M | — |
总债务TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益TLRYVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.6B | $934.0M | ||
| Q3 25 | $1.5B | $918.7M | ||
| Q2 25 | $1.5B | $896.4M | ||
| Q1 25 | $2.7B | $893.7M | ||
| Q4 24 | $3.5B | $897.5M | ||
| Q3 24 | $3.5B | $889.0M | ||
| Q2 24 | $3.4B | $868.7M |
总资产TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $4.2B | $4.0B | ||
| Q3 24 | $4.3B | $3.6B | ||
| Q2 24 | $4.2B | $3.6B |
负债/权益比TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $-8.5M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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季度趋势，按日历期对齐
经营现金流TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | $-8.5M | $-67.2M | ||
| Q3 25 | $-1.3M | $108.3M | ||
| Q2 25 | $-12.8M | $75.8M | ||
| Q1 25 | $-5.8M | $-3.8M | ||
| Q4 24 | $-40.7M | $1.8M | ||
| Q3 24 | $-35.3M | $69.1M | ||
| Q2 24 | $30.7M | $70.0M |
自由现金流TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | $-19.1M | $74.2M | ||
| Q1 25 | $-20.2M | $-6.8M | ||
| Q4 24 | $-46.2M | $-3.8M | ||
| Q3 24 | $-42.0M | $68.7M | ||
| Q2 24 | $21.0M | $68.6M |
自由现金流率TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | -8.5% | 35.2% | ||
| Q1 25 | -10.9% | -3.1% | ||
| Q4 24 | -21.9% | -1.6% | ||
| Q3 24 | -21.0% | 30.3% | ||
| Q2 24 | 9.1% | 30.6% |
资本支出强度TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 7.8% | 1.4% | ||
| Q4 24 | 2.6% | 2.4% | ||
| Q3 24 | 3.4% | 0.2% | ||
| Q2 24 | 4.2% | 0.6% |
现金转化率TLRYVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
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
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
