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Ulta Beauty（ULTA）与福泰制药（VRTX）财务数据对比。点击上方公司名可切换其他公司
福泰制药的季度营收约是Ulta Beauty的1.1倍（$3.2B vs $2.9B），福泰制药净利率更高（37.3% vs 8.1%，领先29.3%），Ulta Beauty同比增速更快（12.9% vs 9.5%），福泰制药自由现金流更多（$348.6M vs $-81.6M），过去两年福泰制药的营收复合增速更高（8.9% vs 7.2%）
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。
福泰制药是总部位于美国马萨诸塞州波士顿的生物制药企业，是全球首批明确采用理性药物设计策略、而非组合化学方法开发药物的生物技术公司之一。除波士顿总部外，公司还在加州圣迭戈、英国牛津郡米尔顿公园设有三处研发中心。
ULTA vs VRTX — 直观对比
营收规模更大
VRTX
是对方的1.1倍
$2.9B
营收增速更快
ULTA
高出3.4%
9.5%
净利率更高
VRTX
高出29.3%
8.1%
自由现金流更多
VRTX
多$430.2M
$-81.6M
两年增速更快
VRTX
近两年复合增速
7.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.2B |
| 净利润 | $230.9M | $1.2B |
| 毛利率 | 40.4% | 85.4% |
| 营业利润率 | 10.8% | 37.8% |
| 净利率 | 8.1% | 37.3% |
| 营收同比 | 12.9% | 9.5% |
| 净利润同比 | -4.7% | 30.5% |
| 每股收益（稀释后） | $5.14 | $4.64 |
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ULTAVRTX
| Q4 25 | $2.9B | $3.2B | ||
| Q3 25 | $2.8B | $3.1B | ||
| Q2 25 | $2.8B | $3.0B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $3.6B | $2.7B |
净利润ULTAVRTX
| Q4 25 | $230.9M | $1.2B | ||
| Q3 25 | $260.9M | $1.1B | ||
| Q2 25 | $305.1M | $1.0B | ||
| Q1 25 | — | $646.3M | ||
| Q4 24 | $242.2M | $913.0M | ||
| Q3 24 | $252.6M | $1.0B | ||
| Q2 24 | $313.1M | $-3.6B | ||
| Q1 24 | $394.4M | $1.1B |
毛利率ULTAVRTX
| Q4 25 | 40.4% | 85.4% | ||
| Q3 25 | 39.2% | 86.5% | ||
| Q2 25 | 39.1% | 86.3% | ||
| Q1 25 | — | 86.9% | ||
| Q4 24 | 39.7% | 85.5% | ||
| Q3 24 | 38.3% | 85.8% | ||
| Q2 24 | 39.2% | 85.9% | ||
| Q1 24 | 37.7% | 87.3% |
营业利润率ULTAVRTX
| Q4 25 | 10.8% | 37.8% | ||
| Q3 25 | 12.4% | 38.6% | ||
| Q2 25 | 14.1% | 38.8% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | 12.6% | 35.2% | ||
| Q3 24 | 12.9% | 40.3% | ||
| Q2 24 | 14.7% | -132.9% | ||
| Q1 24 | 14.5% | 42.4% |
净利率ULTAVRTX
| Q4 25 | 8.1% | 37.3% | ||
| Q3 25 | 9.4% | 35.2% | ||
| Q2 25 | 10.7% | 34.8% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | 9.6% | 31.4% | ||
| Q3 24 | 9.9% | 37.7% | ||
| Q2 24 | 11.5% | -135.8% | ||
| Q1 24 | 11.1% | 40.9% |
每股收益（稀释后）ULTAVRTX
| Q4 25 | $5.14 | $4.64 | ||
| Q3 25 | $5.78 | $4.20 | ||
| Q2 25 | $6.70 | $3.99 | ||
| Q1 25 | — | $2.49 | ||
| Q4 24 | $5.14 | $3.62 | ||
| Q3 24 | $5.30 | $4.01 | ||
| Q2 24 | $6.47 | $-13.92 | ||
| Q1 24 | $8.06 | $4.21 |
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 | $6.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $18.7B |
| 总资产 | $7.0B | $25.6B |
| 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ULTAVRTX
| Q4 25 | $204.9M | $6.6B | ||
| Q3 25 | $242.7M | $6.3B | ||
| Q2 25 | $454.6M | $6.4B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | $177.8M | $6.1B | ||
| Q3 24 | $414.0M | $6.5B | ||
| Q2 24 | $524.6M | $5.8B | ||
| Q1 24 | $766.6M | $10.2B |
股东权益ULTAVRTX
| Q4 25 | $2.6B | $18.7B | ||
| Q3 25 | $2.6B | $17.3B | ||
| Q2 25 | $2.4B | $17.2B | ||
| Q1 25 | — | $16.5B | ||
| Q4 24 | $2.3B | $16.4B | ||
| Q3 24 | $2.3B | $15.6B | ||
| Q2 24 | $2.3B | $14.8B | ||
| Q1 24 | $2.3B | $18.5B |
总资产ULTAVRTX
| Q4 25 | $7.0B | $25.6B | ||
| Q3 25 | $6.6B | $24.9B | ||
| Q2 25 | $6.0B | $24.0B | ||
| Q1 25 | — | $22.9B | ||
| Q4 24 | $6.0B | $22.5B | ||
| Q3 24 | $5.7B | $22.2B | ||
| Q2 24 | $5.6B | $20.1B | ||
| Q1 24 | $5.7B | $23.9B |
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 | $5.6M | $498.0M |
| 自由现金流经营现金流 - 资本支出 | $-81.6M | $348.6M |
| 自由现金流率自由现金流/营收 | -2.9% | 10.9% |
| 资本支出强度资本支出/营收 | 3.1% | 4.7% |
| 现金转化率经营现金流/净利润 | 0.02× | 0.42× |
| 过去12个月自由现金流最近4个季度 | $-92.2M | $3.2B |
8季度趋势，按日历期对齐
经营现金流ULTAVRTX
| Q4 25 | $5.6M | $498.0M | ||
| Q3 25 | $96.5M | $1.2B | ||
| Q2 25 | $220.0M | $1.1B | ||
| Q1 25 | — | $818.9M | ||
| Q4 24 | $-56.8M | $584.6M | ||
| Q3 24 | $199.5M | $1.4B | ||
| Q2 24 | $159.3M | $-3.8B | ||
| Q1 24 | $1.1B | $1.3B |
自由现金流ULTAVRTX
| Q4 25 | $-81.6M | $348.6M | ||
| Q3 25 | $19.6M | $1.1B | ||
| Q2 25 | $141.0M | $927.4M | ||
| Q1 25 | — | $778.2M | ||
| Q4 24 | $-171.1M | $492.0M | ||
| Q3 24 | $104.3M | $1.3B | ||
| Q2 24 | $68.3M | $-3.8B | ||
| Q1 24 | $994.0M | $1.2B |
自由现金流率ULTAVRTX
| Q4 25 | -2.9% | 10.9% | ||
| Q3 25 | 0.7% | 37.0% | ||
| Q2 25 | 4.9% | 31.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | -6.8% | 16.9% | ||
| Q3 24 | 4.1% | 47.0% | ||
| Q2 24 | 2.5% | -144.5% | ||
| Q1 24 | 28.0% | 46.0% |
资本支出强度ULTAVRTX
| Q4 25 | 3.1% | 4.7% | ||
| Q3 25 | 2.8% | 3.3% | ||
| Q2 25 | 2.8% | 4.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 4.5% | 3.2% | ||
| Q3 24 | 3.7% | 2.4% | ||
| Q2 24 | 3.3% | 2.6% | ||
| Q1 24 | 3.5% | 2.5% |
现金转化率ULTAVRTX
| Q4 25 | 0.02× | 0.42× | ||
| Q3 25 | 0.37× | 1.15× | ||
| Q2 25 | 0.72× | 1.04× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | -0.23× | 0.64× | ||
| Q3 24 | 0.79× | 1.31× | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 2.84× | 1.19× |
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
ULTA
暂无分部数据
VRTX
| TRIKAFTAKAFTRIO | $2.6B | 81% |
| ALYFTREK | $380.1M | 12% |
| Manufactured Product Other | $237.4M | 7% |
