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泰佩思琦（TPR）与Ulta Beauty（ULTA）财务数据对比。点击上方公司名可切换其他公司
Ulta Beauty的季度营收约是泰佩思琦的1.1倍（$2.9B vs $2.5B），泰佩思琦净利率更高（22.4% vs 8.1%，领先14.4%），泰佩思琦同比增速更快（14.0% vs 12.9%），泰佩思琦自由现金流更多（$1.0B vs $-81.6M），过去两年泰佩思琦的营收复合增速更高（29.9% vs 7.2%）
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。
Ulta Beauty是美国头部美妆连锁品牌，总部位于伊利诺伊州博林布鲁克，旗下门店在售商品覆盖高低端彩妆、香水、美甲、身体护理、美发产品及美妆工具等全品类美妆个护产品，每家门店均配备对外开放的美容沙龙，为消费者提供一站式美妆消费及服务体验。
TPR vs ULTA — 直观对比
营收规模更大
ULTA
是对方的1.1倍
$2.5B
营收增速更快
TPR
高出1.0%
12.9%
净利率更高
TPR
高出14.4%
8.1%
自由现金流更多
TPR
多$1.1B
$-81.6M
两年增速更快
TPR
近两年复合增速
7.2%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.9B |
| 净利润 | $561.3M | $230.9M |
| 毛利率 | 75.5% | 40.4% |
| 营业利润率 | 28.6% | 10.8% |
| 净利率 | 22.4% | 8.1% |
| 营收同比 | 14.0% | 12.9% |
| 净利润同比 | 80.8% | -4.7% |
| 每股收益（稀释后） | $2.68 | $5.14 |
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TPRULTA
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.2B | $2.5B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.6B | $2.7B | ||
| Q1 24 | $1.5B | $3.6B |
净利润TPRULTA
| Q4 25 | $561.3M | $230.9M | ||
| Q3 25 | $274.8M | $260.9M | ||
| Q2 25 | $-517.1M | $305.1M | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $310.4M | $242.2M | ||
| Q3 24 | $186.6M | $252.6M | ||
| Q2 24 | $159.3M | $313.1M | ||
| Q1 24 | $139.4M | $394.4M |
毛利率TPRULTA
| Q4 25 | 75.5% | 40.4% | ||
| Q3 25 | 76.3% | 39.2% | ||
| Q2 25 | 76.3% | 39.1% | ||
| Q1 25 | 76.1% | — | ||
| Q4 24 | 74.4% | 39.7% | ||
| Q3 24 | 75.3% | 38.3% | ||
| Q2 24 | 74.9% | 39.2% | ||
| Q1 24 | 74.7% | 37.7% |
营业利润率TPRULTA
| Q4 25 | 28.6% | 10.8% | ||
| Q3 25 | 19.3% | 12.4% | ||
| Q2 25 | -33.9% | 14.1% | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 22.4% | 12.6% | ||
| Q3 24 | 16.7% | 12.9% | ||
| Q2 24 | 14.8% | 14.7% | ||
| Q1 24 | 13.8% | 14.5% |
净利率TPRULTA
| Q4 25 | 22.4% | 8.1% | ||
| Q3 25 | 16.1% | 9.4% | ||
| Q2 25 | -30.0% | 10.7% | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | 14.1% | 9.6% | ||
| Q3 24 | 12.4% | 9.9% | ||
| Q2 24 | 10.0% | 11.5% | ||
| Q1 24 | 9.4% | 11.1% |
每股收益（稀释后）TPRULTA
| Q4 25 | $2.68 | $5.14 | ||
| Q3 25 | $1.28 | $5.78 | ||
| Q2 25 | $-2.30 | $6.70 | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $1.38 | $5.14 | ||
| Q3 24 | $0.79 | $5.30 | ||
| Q2 24 | $0.67 | $6.47 | ||
| Q1 24 | $0.60 | $8.06 |
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 | $1.1B | $204.9M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $551.2M | $2.6B |
| 总资产 | $6.5B | $7.0B |
| 负债/权益比越低杠杆越低 | 4.32× | — |
8季度趋势，按日历期对齐
现金及短期投资TPRULTA
| Q4 25 | $1.1B | $204.9M | ||
| Q3 25 | $743.2M | $242.7M | ||
| Q2 25 | $1.1B | $454.6M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $177.8M | ||
| Q3 24 | $7.3B | $414.0M | ||
| Q2 24 | $7.2B | $524.6M | ||
| Q1 24 | $7.4B | $766.6M |
总债务TPRULTA
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $7.7B | — |
股东权益TPRULTA
| Q4 25 | $551.2M | $2.6B | ||
| Q3 25 | $399.5M | $2.6B | ||
| Q2 25 | $857.8M | $2.4B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $2.9B | $2.3B | ||
| Q1 24 | $2.8B | $2.3B |
总资产TPRULTA
| Q4 25 | $6.5B | $7.0B | ||
| Q3 25 | $6.4B | $6.6B | ||
| Q2 25 | $6.6B | $6.0B | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | $6.0B | ||
| Q3 24 | $13.7B | $5.7B | ||
| Q2 24 | $13.4B | $5.6B | ||
| Q1 24 | $13.7B | $5.7B |
负债/权益比TPRULTA
| Q4 25 | 4.32× | — | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 2.39× | — | ||
| Q1 24 | 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 | $1.1B | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $-81.6M |
| 自由现金流率自由现金流/营收 | 41.5% | -2.9% |
| 资本支出强度资本支出/营收 | 1.7% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.93× | 0.02× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $-92.2M |
8季度趋势，按日历期对齐
经营现金流TPRULTA
| Q4 25 | $1.1B | $5.6M | ||
| Q3 25 | $112.6M | $96.5M | ||
| Q2 25 | $446.8M | $220.0M | ||
| Q1 25 | $144.3M | — | ||
| Q4 24 | $506.0M | $-56.8M | ||
| Q3 24 | $119.5M | $199.5M | ||
| Q2 24 | $256.0M | $159.3M | ||
| Q1 24 | $97.8M | $1.1B |
自由现金流TPRULTA
| Q4 25 | $1.0B | $-81.6M | ||
| Q3 25 | $80.2M | $19.6M | ||
| Q2 25 | $411.5M | $141.0M | ||
| Q1 25 | $113.4M | — | ||
| Q4 24 | $475.1M | $-171.1M | ||
| Q3 24 | $93.9M | $104.3M | ||
| Q2 24 | $209.8M | $68.3M | ||
| Q1 24 | $78.8M | $994.0M |
自由现金流率TPRULTA
| Q4 25 | 41.5% | -2.9% | ||
| Q3 25 | 4.7% | 0.7% | ||
| Q2 25 | 23.9% | 4.9% | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 21.6% | -6.8% | ||
| Q3 24 | 6.2% | 4.1% | ||
| Q2 24 | 13.2% | 2.5% | ||
| Q1 24 | 5.3% | 28.0% |
资本支出强度TPRULTA
| Q4 25 | 1.7% | 3.1% | ||
| Q3 25 | 1.9% | 2.8% | ||
| Q2 25 | 2.0% | 2.8% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | 4.5% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 2.9% | 3.3% | ||
| Q1 24 | 1.3% | 3.5% |
现金转化率TPRULTA
| Q4 25 | 1.93× | 0.02× | ||
| Q3 25 | 0.41× | 0.37× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.63× | -0.23× | ||
| Q3 24 | 0.64× | 0.79× | ||
| Q2 24 | 1.61× | 0.51× | ||
| Q1 24 | 0.70× | 2.84× |
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
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
ULTA
暂无分部数据
