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TILLY'S, INC.（TLYS）与VINCE HOLDING CORP.（VNCE）财务数据对比。点击上方公司名可切换其他公司
TILLY'S, INC.的季度营收约是VINCE HOLDING CORP.的1.6倍（$139.6M vs $85.1M）。VINCE HOLDING CORP.净利率更高（3.2% vs -1.0%，领先4.2%）。VINCE HOLDING CORP.同比增速更快（6.2% vs -2.7%）。VINCE HOLDING CORP.自由现金流更多（$-5.7M vs $-11.7M）。过去两年VINCE HOLDING CORP.的营收复合增速更高（6.3% vs -8.4%）
Tillys是一家美国服饰零售企业，主营各类品牌成衣、配饰、鞋履及相关周边产品，公司总部位于加利福尼亚州欧文市，并在此开展核心运营业务。
Vince是创立于2002年的现代时装品牌，主打简约高级的日常服饰，深受都市消费者喜爱。2023年，Authentic Brands Group以7650万美元收购了该品牌的知识产权。
TLYS vs VNCE — 直观对比
营收规模更大
TLYS
是对方的1.6倍
$85.1M
营收增速更快
VNCE
高出8.9%
-2.7%
净利率更高
VNCE
高出4.2%
-1.0%
自由现金流更多
VNCE
多$6.0M
$-11.7M
两年增速更快
VNCE
近两年复合增速
-8.4%
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $139.6M | $85.1M |
| 净利润 | $-1.4M | $2.7M |
| 毛利率 | 30.5% | 49.2% |
| 营业利润率 | -1.4% | 6.4% |
| 净利率 | -1.0% | 3.2% |
| 营收同比 | -2.7% | 6.2% |
| 净利润同比 | 89.1% | -37.3% |
| 每股收益（稀释后） | — | $0.21 |
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TLYSVNCE
| Q4 25 | $139.6M | $85.1M | ||
| Q3 25 | $151.3M | $73.2M | ||
| Q2 25 | $107.6M | $57.9M | ||
| Q1 25 | — | $80.0M | ||
| Q4 24 | $143.4M | $80.2M | ||
| Q3 24 | $162.9M | $74.2M | ||
| Q2 24 | $115.9M | $59.2M | ||
| Q1 24 | — | $75.3M |
净利润TLYSVNCE
| Q4 25 | $-1.4M | $2.7M | ||
| Q3 25 | $3.2M | $12.1M | ||
| Q2 25 | $-22.2M | $-4.8M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | $-12.9M | $4.3M | ||
| Q3 24 | $-69.0K | $569.0K | ||
| Q2 24 | $-19.6M | $4.4M | ||
| Q1 24 | — | $-4.7M |
毛利率TLYSVNCE
| Q4 25 | 30.5% | 49.2% | ||
| Q3 25 | 32.5% | 50.4% | ||
| Q2 25 | 19.8% | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | 25.9% | 50.0% | ||
| Q3 24 | 30.7% | 47.4% | ||
| Q2 24 | 21.0% | 50.6% | ||
| Q1 24 | — | 45.4% |
营业利润率TLYSVNCE
| Q4 25 | -1.4% | 6.4% | ||
| Q3 25 | 1.8% | 15.2% | ||
| Q2 25 | -21.1% | -7.7% | ||
| Q1 25 | — | -37.1% | ||
| Q4 24 | -9.8% | 7.2% | ||
| Q3 24 | -0.5% | 1.5% | ||
| Q2 24 | -17.9% | 9.5% | ||
| Q1 24 | — | -2.2% |
净利率TLYSVNCE
| Q4 25 | -1.0% | 3.2% | ||
| Q3 25 | 2.1% | 16.5% | ||
| Q2 25 | -20.6% | -8.3% | ||
| Q1 25 | — | -35.5% | ||
| Q4 24 | -9.0% | 5.4% | ||
| Q3 24 | -0.0% | 0.8% | ||
| Q2 24 | -16.9% | 7.4% | ||
| Q1 24 | — | -6.2% |
每股收益（稀释后）TLYSVNCE
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | — | $-0.37 | ||
| Q1 25 | — | $-2.25 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $39.0M | $1.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $81.6M | $53.4M |
| 总资产 | $317.1M | $246.0M |
| 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TLYSVNCE
| Q4 25 | $39.0M | $1.1M | ||
| Q3 25 | $50.7M | $777.0K | ||
| Q2 25 | $37.2M | $2.6M | ||
| Q1 25 | — | $607.0K | ||
| Q4 24 | $51.7M | $892.0K | ||
| Q3 24 | $76.7M | $711.0K | ||
| Q2 24 | $68.0M | $739.0K | ||
| Q1 24 | — | $357.0K |
股东权益TLYSVNCE
| Q4 25 | $81.6M | $53.4M | ||
| Q3 25 | $82.5M | $49.3M | ||
| Q2 25 | $79.1M | $37.2M | ||
| Q1 25 | — | $41.8M | ||
| Q4 24 | $114.3M | $57.1M | ||
| Q3 24 | $126.8M | $52.4M | ||
| Q2 24 | $126.0M | $51.7M | ||
| Q1 24 | — | $47.2M |
总资产TLYSVNCE
| Q4 25 | $317.1M | $246.0M | ||
| Q3 25 | $345.5M | $239.0M | ||
| Q2 25 | $334.2M | $218.0M | ||
| Q1 25 | — | $222.7M | ||
| Q4 24 | $387.3M | $254.7M | ||
| Q3 24 | $429.2M | $253.6M | ||
| Q2 24 | $410.0M | $223.1M | ||
| Q1 24 | — | $225.1M |
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 | $-10.4M | $-5.1M |
| 自由现金流经营现金流 - 资本支出 | $-11.7M | $-5.7M |
| 自由现金流率自由现金流/营收 | -8.4% | -6.7% |
| 资本支出强度资本支出/营收 | 0.9% | 0.7% |
| 现金转化率经营现金流/净利润 | — | -1.86× |
| 过去12个月自由现金流最近4个季度 | $-32.9M | $4.3M |
8季度趋势，按日历期对齐
经营现金流TLYSVNCE
| Q4 25 | $-10.4M | $-5.1M | ||
| Q3 25 | $14.0M | $4.2M | ||
| Q2 25 | $-8.1M | $-11.8M | ||
| Q1 25 | — | $22.7M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | $10.5M | $-3.2M | ||
| Q2 24 | $-25.7M | $-3.9M | ||
| Q1 24 | — | $14.8M |
自由现金流TLYSVNCE
| Q4 25 | $-11.7M | $-5.7M | ||
| Q3 25 | $13.4M | $2.1M | ||
| Q2 25 | $-9.6M | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | $8.0M | $-3.9M | ||
| Q2 24 | $-27.8M | $-4.6M | ||
| Q1 24 | — | $14.2M |
自由现金流率TLYSVNCE
| Q4 25 | -8.4% | -6.7% | ||
| Q3 25 | 8.9% | 2.9% | ||
| Q2 25 | -9.0% | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 4.9% | -5.2% | ||
| Q2 24 | -24.0% | -7.8% | ||
| Q1 24 | — | 18.9% |
资本支出强度TLYSVNCE
| Q4 25 | 0.9% | 0.7% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 1.4% | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 1.8% | 1.3% | ||
| Q1 24 | — | 0.7% |
现金转化率TLYSVNCE
| Q4 25 | — | -1.86× | ||
| Q3 25 | 4.41× | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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
TLYS
| Retail Store | $110.3M | 79% |
| Ecommerce | $29.3M | 21% |
| Customer Loyalty Program | $1.6M | 1% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
