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德事隆（TXT）与Ulta Beauty（ULTA）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是Ulta Beauty的1.5倍（$4.2B vs $2.9B），Ulta Beauty净利率更高（8.1% vs 5.6%，领先2.5%），德事隆同比增速更快（15.6% vs 12.9%），德事隆自由现金流更多（$527.0M vs $-81.6M），过去两年德事隆的营收复合增速更高（15.4% vs 7.2%）
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
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。
TXT vs ULTA — 直观对比
营收规模更大
TXT
是对方的1.5倍
$2.9B
营收增速更快
TXT
高出2.6%
12.9%
净利率更高
ULTA
高出2.5%
5.6%
自由现金流更多
TXT
多$608.6M
$-81.6M
两年增速更快
TXT
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.9B |
| 净利润 | $235.0M | $230.9M |
| 毛利率 | — | 40.4% |
| 营业利润率 | — | 10.8% |
| 净利率 | 5.6% | 8.1% |
| 营收同比 | 15.6% | 12.9% |
| 净利润同比 | 66.7% | -4.7% |
| 每股收益（稀释后） | — | $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TXTULTA
| Q4 25 | $4.2B | $2.9B | ||
| Q3 25 | $3.6B | $2.8B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.6B | $2.5B | ||
| Q3 24 | $3.4B | $2.6B | ||
| Q2 24 | $3.5B | $2.7B | ||
| Q1 24 | $3.1B | $3.6B |
净利润TXTULTA
| Q4 25 | $235.0M | $230.9M | ||
| Q3 25 | $234.0M | $260.9M | ||
| Q2 25 | $245.0M | $305.1M | ||
| Q1 25 | $207.0M | — | ||
| Q4 24 | $141.0M | $242.2M | ||
| Q3 24 | $223.0M | $252.6M | ||
| Q2 24 | $259.0M | $313.1M | ||
| Q1 24 | $201.0M | $394.4M |
毛利率TXTULTA
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 39.2% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 37.7% |
营业利润率TXTULTA
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.6% | 12.6% | ||
| Q3 24 | 7.4% | 12.9% | ||
| Q2 24 | 9.2% | 14.7% | ||
| Q1 24 | 7.6% | 14.5% |
净利率TXTULTA
| Q4 25 | 5.6% | 8.1% | ||
| Q3 25 | 6.5% | 9.4% | ||
| Q2 25 | 6.6% | 10.7% | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 3.9% | 9.6% | ||
| Q3 24 | 6.5% | 9.9% | ||
| Q2 24 | 7.3% | 11.5% | ||
| Q1 24 | 6.4% | 11.1% |
每股收益（稀释后）TXTULTA
| Q4 25 | — | $5.14 | ||
| Q3 25 | — | $5.78 | ||
| Q2 25 | — | $6.70 | ||
| Q1 25 | $1.13 | — | ||
| Q4 24 | — | $5.14 | ||
| Q3 24 | — | $5.30 | ||
| Q2 24 | — | $6.47 | ||
| Q1 24 | $1.03 | $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 | — | $204.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.6B |
| 总资产 | — | $7.0B |
| 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TXTULTA
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $242.7M | ||
| Q2 25 | — | $454.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $177.8M | ||
| Q3 24 | — | $414.0M | ||
| Q2 24 | — | $524.6M | ||
| Q1 24 | — | $766.6M |
股东权益TXTULTA
| Q4 25 | — | $2.6B | ||
| Q3 25 | $7.5B | $2.6B | ||
| Q2 25 | $7.4B | $2.4B | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.2B | $2.3B | ||
| Q3 24 | $7.0B | $2.3B | ||
| Q2 24 | $6.9B | $2.3B | ||
| Q1 24 | $6.9B | $2.3B |
总资产TXTULTA
| Q4 25 | — | $7.0B | ||
| Q3 25 | $17.4B | $6.6B | ||
| Q2 25 | $17.1B | $6.0B | ||
| Q1 25 | $16.9B | — | ||
| Q4 24 | $16.8B | $6.0B | ||
| Q3 24 | $16.5B | $5.7B | ||
| Q2 24 | $16.4B | $5.6B | ||
| Q1 24 | $16.4B | $5.7B |
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 | $700.0M | $5.6M |
| 自由现金流经营现金流 - 资本支出 | $527.0M | $-81.6M |
| 自由现金流率自由现金流/营收 | 12.6% | -2.9% |
| 资本支出强度资本支出/营收 | 4.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 2.98× | 0.02× |
| 过去12个月自由现金流最近4个季度 | $929.0M | $-92.2M |
8季度趋势，按日历期对齐
经营现金流TXTULTA
| Q4 25 | $700.0M | $5.6M | ||
| Q3 25 | $349.0M | $96.5M | ||
| Q2 25 | $387.0M | $220.0M | ||
| Q1 25 | $-124.0M | — | ||
| Q4 24 | $446.0M | $-56.8M | ||
| Q3 24 | $208.0M | $199.5M | ||
| Q2 24 | $367.0M | $159.3M | ||
| Q1 24 | $-7.0M | $1.1B |
自由现金流TXTULTA
| Q4 25 | $527.0M | $-81.6M | ||
| Q3 25 | $273.0M | $19.6M | ||
| Q2 25 | $309.0M | $141.0M | ||
| Q1 25 | $-180.0M | — | ||
| Q4 24 | $293.0M | $-171.1M | ||
| Q3 24 | $137.0M | $104.3M | ||
| Q2 24 | $293.0M | $68.3M | ||
| Q1 24 | $-73.0M | $994.0M |
自由现金流率TXTULTA
| Q4 25 | 12.6% | -2.9% | ||
| Q3 25 | 7.6% | 0.7% | ||
| Q2 25 | 8.3% | 4.9% | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 8.1% | -6.8% | ||
| Q3 24 | 4.0% | 4.1% | ||
| Q2 24 | 8.3% | 2.5% | ||
| Q1 24 | -2.3% | 28.0% |
资本支出强度TXTULTA
| Q4 25 | 4.1% | 3.1% | ||
| Q3 25 | 2.1% | 2.8% | ||
| Q2 25 | 2.1% | 2.8% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 4.2% | 4.5% | ||
| Q3 24 | 2.1% | 3.7% | ||
| Q2 24 | 2.1% | 3.3% | ||
| Q1 24 | 2.1% | 3.5% |
现金转化率TXTULTA
| Q4 25 | 2.98× | 0.02× | ||
| Q3 25 | 1.49× | 0.37× | ||
| Q2 25 | 1.58× | 0.72× | ||
| Q1 25 | -0.60× | — | ||
| Q4 24 | 3.16× | -0.23× | ||
| Q3 24 | 0.93× | 0.79× | ||
| Q2 24 | 1.42× | 0.51× | ||
| Q1 24 | -0.03× | 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
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
ULTA
暂无分部数据
