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Ulta Beauty（ULTA）与Williams-Sonoma, Inc.（WSM）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Williams-Sonoma, Inc.的1.5倍（$2.9B vs $1.9B），Williams-Sonoma, Inc.净利率更高（12.8% vs 8.1%，领先4.8%），Ulta Beauty同比增速更快（12.9% vs 4.6%），Williams-Sonoma, Inc.自由现金流更多（$248.1M vs $-81.6M），过去两年Ulta Beauty的营收复合增速更高（7.2% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
ULTA vs WSM — 直观对比
营收规模更大
ULTA
是对方的1.5倍
$1.9B
营收增速更快
ULTA
高出8.4%
4.6%
净利率更高
WSM
高出4.8%
8.1%
自由现金流更多
WSM
多$329.7M
$-81.6M
两年增速更快
ULTA
近两年复合增速
-9.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.9B |
| 净利润 | $230.9M | $241.6M |
| 毛利率 | 40.4% | 46.1% |
| 营业利润率 | 10.8% | 17.0% |
| 净利率 | 8.1% | 12.8% |
| 营收同比 | 12.9% | 4.6% |
| 净利润同比 | -4.7% | -3.0% |
| 每股收益（稀释后） | $5.14 | $1.96 |
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ULTAWSM
| Q4 25 | $2.9B | $1.9B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $3.6B | $2.3B |
净利润ULTAWSM
| Q4 25 | $230.9M | $241.6M | ||
| Q3 25 | $260.9M | $247.6M | ||
| Q2 25 | $305.1M | $231.3M | ||
| Q1 25 | — | $384.9M | ||
| Q4 24 | $242.2M | $249.0M | ||
| Q3 24 | $252.6M | $225.7M | ||
| Q2 24 | $313.1M | $265.7M | ||
| Q1 24 | $394.4M | $354.4M |
毛利率ULTAWSM
| Q4 25 | 40.4% | 46.1% | ||
| Q3 25 | 39.2% | 47.1% | ||
| Q2 25 | 39.1% | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | 39.7% | 46.7% | ||
| Q3 24 | 38.3% | 46.2% | ||
| Q2 24 | 39.2% | 48.3% | ||
| Q1 24 | 37.7% | 46.0% |
营业利润率ULTAWSM
| Q4 25 | 10.8% | 17.0% | ||
| Q3 25 | 12.4% | 17.9% | ||
| Q2 25 | 14.1% | 16.8% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | 12.6% | 17.8% | ||
| Q3 24 | 12.9% | 16.2% | ||
| Q2 24 | 14.7% | 19.5% | ||
| Q1 24 | 14.5% | 20.1% |
净利率ULTAWSM
| Q4 25 | 8.1% | 12.8% | ||
| Q3 25 | 9.4% | 13.5% | ||
| Q2 25 | 10.7% | 13.4% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | 9.6% | 13.8% | ||
| Q3 24 | 9.9% | 12.6% | ||
| Q2 24 | 11.5% | 16.0% | ||
| Q1 24 | 11.1% | 15.6% |
每股收益（稀释后）ULTAWSM
| Q4 25 | $5.14 | $1.96 | ||
| Q3 25 | $5.78 | $2.00 | ||
| Q2 25 | $6.70 | $1.85 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | $5.14 | $1.96 | ||
| Q3 24 | $5.30 | $1.74 | ||
| Q2 24 | $6.47 | $4.07 | ||
| Q1 24 | $8.06 | $5.42 |
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 | $884.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $2.1B |
| 总资产 | $7.0B | $5.3B |
| 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ULTAWSM
| Q4 25 | $204.9M | $884.7M | ||
| Q3 25 | $242.7M | $985.8M | ||
| Q2 25 | $454.6M | $1.0B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $177.8M | $826.8M | ||
| Q3 24 | $414.0M | $1.3B | ||
| Q2 24 | $524.6M | $1.3B | ||
| Q1 24 | $766.6M | $1.3B |
股东权益ULTAWSM
| Q4 25 | $2.6B | $2.1B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $2.4B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.3B | $2.1B |
总资产ULTAWSM
| Q4 25 | $7.0B | $5.3B | ||
| Q3 25 | $6.6B | $5.2B | ||
| Q2 25 | $6.0B | $5.2B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $6.0B | $5.0B | ||
| Q3 24 | $5.7B | $5.2B | ||
| Q2 24 | $5.6B | $5.2B | ||
| Q1 24 | $5.7B | $5.3B |
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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $-81.6M | $248.1M |
| 自由现金流率自由现金流/营收 | -2.9% | 13.2% |
| 资本支出强度资本支出/营收 | 3.1% | 3.6% |
| 现金转化率经营现金流/净利润 | 0.02× | 1.31× |
| 过去12个月自由现金流最近4个季度 | $-92.2M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ULTAWSM
| Q4 25 | $5.6M | $316.3M | ||
| Q3 25 | $96.5M | $282.7M | ||
| Q2 25 | $220.0M | $118.9M | ||
| Q1 25 | — | $633.5M | ||
| Q4 24 | $-56.8M | $253.5M | ||
| Q3 24 | $199.5M | $246.5M | ||
| Q2 24 | $159.3M | $226.8M | ||
| Q1 24 | $1.1B | $674.9M |
自由现金流ULTAWSM
| Q4 25 | $-81.6M | $248.1M | ||
| Q3 25 | $19.6M | $230.7M | ||
| Q2 25 | $141.0M | $60.7M | ||
| Q1 25 | — | $566.3M | ||
| Q4 24 | $-171.1M | $170.1M | ||
| Q3 24 | $104.3M | $215.1M | ||
| Q2 24 | $68.3M | $187.3M | ||
| Q1 24 | $994.0M | $621.2M |
自由现金流率ULTAWSM
| Q4 25 | -2.9% | 13.2% | ||
| Q3 25 | 0.7% | 12.6% | ||
| Q2 25 | 4.9% | 3.5% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | -6.8% | 9.4% | ||
| Q3 24 | 4.1% | 12.0% | ||
| Q2 24 | 2.5% | 11.3% | ||
| Q1 24 | 28.0% | 27.3% |
资本支出强度ULTAWSM
| Q4 25 | 3.1% | 3.6% | ||
| Q3 25 | 2.8% | 2.8% | ||
| Q2 25 | 2.8% | 3.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 4.5% | 4.6% | ||
| Q3 24 | 3.7% | 1.8% | ||
| Q2 24 | 3.3% | 2.4% | ||
| Q1 24 | 3.5% | 2.4% |
现金转化率ULTAWSM
| Q4 25 | 0.02× | 1.31× | ||
| Q3 25 | 0.37× | 1.14× | ||
| Q2 25 | 0.72× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | -0.23× | 1.02× | ||
| Q3 24 | 0.79× | 1.09× | ||
| Q2 24 | 0.51× | 0.85× | ||
| Q1 24 | 2.84× | 1.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
