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泰佩思琦（TPR）与WEC Energy Group（WEC）财务数据对比。点击上方公司名可切换其他公司
WEC Energy Group的季度营收约是泰佩思琦的1.0倍（$2.5B vs $2.5B），泰佩思琦净利率更高（22.4% vs 12.5%，领先9.9%），泰佩思琦同比增速更快（14.0% vs 11.1%），过去两年泰佩思琦的营收复合增速更高（29.9% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
TPR vs WEC — 直观对比
营收规模更大
WEC
是对方的1.0倍
$2.5B
营收增速更快
TPR
高出2.9%
11.1%
净利率更高
TPR
高出9.9%
12.5%
两年增速更快
TPR
近两年复合增速
-2.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.5B |
| 净利润 | $561.3M | $316.8M |
| 毛利率 | 75.5% | 63.7% |
| 营业利润率 | 28.6% | 17.9% |
| 净利率 | 22.4% | 12.5% |
| 营收同比 | 14.0% | 11.1% |
| 净利润同比 | 80.8% | -30.1% |
| 每股收益（稀释后） | $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TPRWEC
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $3.1B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.5B | $2.7B |
净利润TPRWEC
| Q4 25 | $561.3M | $316.8M | ||
| Q3 25 | $274.8M | $270.2M | ||
| Q2 25 | $-517.1M | $243.0M | ||
| Q1 25 | $203.3M | $725.5M | ||
| Q4 24 | $310.4M | $453.1M | ||
| Q3 24 | $186.6M | $238.6M | ||
| Q2 24 | $159.3M | $210.0M | ||
| Q1 24 | $139.4M | $622.6M |
毛利率TPRWEC
| Q4 25 | 75.5% | 63.7% | ||
| Q3 25 | 76.3% | 71.1% | ||
| Q2 25 | 76.3% | 71.6% | ||
| Q1 25 | 76.1% | 63.0% | ||
| Q4 24 | 74.4% | 67.7% | ||
| Q3 24 | 75.3% | 72.1% | ||
| Q2 24 | 74.9% | 73.5% | ||
| Q1 24 | 74.7% | 65.4% |
营业利润率TPRWEC
| Q4 25 | 28.6% | 17.9% | ||
| Q3 25 | 19.3% | 21.4% | ||
| Q2 25 | -33.9% | 20.1% | ||
| Q1 25 | 16.0% | 29.8% | ||
| Q4 24 | 22.4% | 25.9% | ||
| Q3 24 | 16.7% | 20.6% | ||
| Q2 24 | 14.8% | 20.6% | ||
| Q1 24 | 13.8% | 30.3% |
净利率TPRWEC
| Q4 25 | 22.4% | 12.5% | ||
| Q3 25 | 16.1% | 12.8% | ||
| Q2 25 | -30.0% | 12.1% | ||
| Q1 25 | 12.8% | 23.0% | ||
| Q4 24 | 14.1% | 19.8% | ||
| Q3 24 | 12.4% | 12.8% | ||
| Q2 24 | 10.0% | 11.9% | ||
| Q1 24 | 9.4% | 23.2% |
每股收益（稀释后）TPRWEC
| Q4 25 | $2.68 | — | ||
| Q3 25 | $1.28 | — | ||
| Q2 25 | $-2.30 | — | ||
| Q1 25 | $0.95 | — | ||
| Q4 24 | $1.38 | — | ||
| Q3 24 | $0.79 | — | ||
| Q2 24 | $0.67 | — | ||
| Q1 24 | $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 | $1.1B | $27.6M |
| 总债务越低越好 | $2.4B | $20.0B |
| 股东权益账面价值 | $551.2M | $14.1B |
| 总资产 | $6.5B | $51.5B |
| 负债/权益比越低杠杆越低 | 4.32× | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资TPRWEC
| Q4 25 | $1.1B | $27.6M | ||
| Q3 25 | $743.2M | $51.1M | ||
| Q2 25 | $1.1B | $23.0M | ||
| Q1 25 | $1.1B | $82.2M | ||
| Q4 24 | $1.0B | $9.8M | ||
| Q3 24 | $7.3B | $322.5M | ||
| Q2 24 | $7.2B | $224.0M | ||
| Q1 24 | $7.4B | $38.9M |
总债务TPRWEC
| Q4 25 | $2.4B | $20.0B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $18.9B | ||
| Q3 24 | $7.0B | $16.9B | ||
| Q2 24 | $6.9B | $16.9B | ||
| Q1 24 | $7.7B | $15.4B |
股东权益TPRWEC
| Q4 25 | $551.2M | $14.1B | ||
| Q3 25 | $399.5M | $14.0B | ||
| Q2 25 | $857.8M | $13.7B | ||
| Q1 25 | $1.5B | $13.4B | ||
| Q4 24 | $1.3B | $12.8B | ||
| Q3 24 | $3.0B | $12.4B | ||
| Q2 24 | $2.9B | $12.4B | ||
| Q1 24 | $2.8B | $12.4B |
总资产TPRWEC
| Q4 25 | $6.5B | $51.5B | ||
| Q3 25 | $6.4B | $49.8B | ||
| Q2 25 | $6.6B | $48.5B | ||
| Q1 25 | $7.3B | $48.2B | ||
| Q4 24 | $7.3B | $47.4B | ||
| Q3 24 | $13.7B | $45.2B | ||
| Q2 24 | $13.4B | $44.6B | ||
| Q1 24 | $13.7B | $43.9B |
负债/权益比TPRWEC
| Q4 25 | 4.32× | 1.42× | ||
| Q3 25 | 5.95× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.78× | 1.48× | ||
| Q3 24 | 2.35× | 1.36× | ||
| Q2 24 | 2.39× | 1.36× | ||
| Q1 24 | 2.77× | 1.24× |
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 | $1.1B | $424.6M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 41.5% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 1.93× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流TPRWEC
| Q4 25 | $1.1B | $424.6M | ||
| Q3 25 | $112.6M | $938.9M | ||
| Q2 25 | $446.8M | $853.3M | ||
| Q1 25 | $144.3M | $1.2B | ||
| Q4 24 | $506.0M | $581.8M | ||
| Q3 24 | $119.5M | $729.0M | ||
| Q2 24 | $256.0M | $1.0B | ||
| Q1 24 | $97.8M | $863.6M |
自由现金流TPRWEC
| Q4 25 | $1.0B | — | ||
| Q3 25 | $80.2M | $-625.7M | ||
| Q2 25 | $411.5M | $23.9M | ||
| Q1 25 | $113.4M | $461.5M | ||
| Q4 24 | $475.1M | — | ||
| Q3 24 | $93.9M | $-67.3M | ||
| Q2 24 | $209.8M | $343.5M | ||
| Q1 24 | $78.8M | $419.1M |
自由现金流率TPRWEC
| Q4 25 | 41.5% | — | ||
| Q3 25 | 4.7% | -29.7% | ||
| Q2 25 | 23.9% | 1.2% | ||
| Q1 25 | 7.2% | 14.7% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 6.2% | -3.6% | ||
| Q2 24 | 13.2% | 19.4% | ||
| Q1 24 | 5.3% | 15.6% |
资本支出强度TPRWEC
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.9% | 74.4% | ||
| Q2 25 | 2.0% | 41.3% | ||
| Q1 25 | 2.0% | 22.3% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.7% | 42.7% | ||
| Q2 24 | 2.9% | 39.2% | ||
| Q1 24 | 1.3% | 16.6% |
现金转化率TPRWEC
| Q4 25 | 1.93× | 1.34× | ||
| Q3 25 | 0.41× | 3.47× | ||
| Q2 25 | — | 3.51× | ||
| Q1 25 | 0.71× | 1.60× | ||
| Q4 24 | 1.63× | 1.28× | ||
| Q3 24 | 0.64× | 3.06× | ||
| Q2 24 | 1.61× | 4.94× | ||
| Q1 24 | 0.70× | 1.39× |
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% |
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
