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URBAN OUTFITTERS INC（URBN）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
WATSCO INC的季度营收约是URBAN OUTFITTERS INC的1.0倍（$1.6B vs $1.5B），URBAN OUTFITTERS INC净利率更高（7.6% vs 4.5%，领先3.1%），URBAN OUTFITTERS INC同比增速更快（12.3% vs -10.0%），WATSCO INC自由现金流更多（$388.5M vs $-22.8M），过去两年URBAN OUTFITTERS INC的营收复合增速更高（1.4% vs 0.4%）
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
URBN vs WSO — 直观对比
营收规模更大
WSO
是对方的1.0倍
$1.5B
营收增速更快
URBN
高出22.3%
-10.0%
净利率更高
URBN
高出3.1%
4.5%
自由现金流更多
WSO
多$411.2M
$-22.8M
两年增速更快
URBN
近两年复合增速
0.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.6B |
| 净利润 | $116.4M | $71.7M |
| 毛利率 | 36.8% | 27.1% |
| 营业利润率 | 9.4% | 6.4% |
| 净利率 | 7.6% | 4.5% |
| 营收同比 | 12.3% | -10.0% |
| 净利润同比 | 13.1% | -25.9% |
| 每股收益（稀释后） | $1.28 | $1.82 |
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URBNWSO
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.5B | $1.6B |
净利润URBNWSO
| Q4 25 | $116.4M | $71.7M | ||
| Q3 25 | $143.9M | $161.6M | ||
| Q2 25 | $108.3M | $183.6M | ||
| Q1 25 | $120.3M | $80.1M | ||
| Q4 24 | $102.9M | $96.8M | ||
| Q3 24 | $117.5M | $171.0M | ||
| Q2 24 | $61.8M | $181.4M | ||
| Q1 24 | $47.8M | $87.0M |
毛利率URBNWSO
| Q4 25 | 36.8% | 27.1% | ||
| Q3 25 | 37.6% | 27.5% | ||
| Q2 25 | 36.8% | 29.3% | ||
| Q1 25 | 32.3% | 28.1% | ||
| Q4 24 | 36.5% | 26.7% | ||
| Q3 24 | 36.5% | 26.2% | ||
| Q2 24 | 34.0% | 27.1% | ||
| Q1 24 | 29.2% | 27.5% |
营业利润率URBNWSO
| Q4 25 | 9.4% | 6.4% | ||
| Q3 25 | 11.6% | 11.4% | ||
| Q2 25 | 9.6% | 13.2% | ||
| Q1 25 | 7.7% | 7.3% | ||
| Q4 24 | 9.4% | 7.8% | ||
| Q3 24 | 10.7% | 11.6% | ||
| Q2 24 | 6.2% | 12.6% | ||
| Q1 24 | 3.9% | 8.1% |
净利率URBNWSO
| Q4 25 | 7.6% | 4.5% | ||
| Q3 25 | 9.6% | 7.8% | ||
| Q2 25 | 8.1% | 8.9% | ||
| Q1 25 | 7.4% | 5.2% | ||
| Q4 24 | 7.6% | 5.5% | ||
| Q3 24 | 8.7% | 7.9% | ||
| Q2 24 | 5.1% | 8.5% | ||
| Q1 24 | 3.2% | 5.6% |
每股收益（稀释后）URBNWSO
| Q4 25 | $1.28 | $1.82 | ||
| Q3 25 | $1.58 | $3.98 | ||
| Q2 25 | $1.16 | $4.52 | ||
| Q1 25 | $1.27 | $1.93 | ||
| Q4 24 | $1.10 | $2.42 | ||
| Q3 24 | $1.24 | $4.22 | ||
| Q2 24 | $0.65 | $4.49 | ||
| Q1 24 | $0.51 | $2.17 |
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 | $306.6M | $733.3M |
| 总债务越低越好 | — | $361.6M |
| 股东权益账面价值 | $2.7B | $2.8B |
| 总资产 | $4.9B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资URBNWSO
| Q4 25 | $306.6M | $733.3M | ||
| Q3 25 | $332.2M | $524.3M | ||
| Q2 25 | $189.4M | $293.0M | ||
| Q1 25 | $290.5M | $431.8M | ||
| Q4 24 | $182.5M | $781.9M | ||
| Q3 24 | $209.1M | $550.0M | ||
| Q2 24 | $174.0M | $424.9M | ||
| Q1 24 | $178.3M | $478.9M |
总债务URBNWSO
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
股东权益URBNWSO
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.6B | $2.8B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $2.4B | $2.7B | ||
| Q3 24 | $2.2B | $2.7B | ||
| Q2 24 | $2.2B | $2.6B | ||
| Q1 24 | $2.1B | $2.5B |
总资产URBNWSO
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $4.7B | $4.6B | ||
| Q2 25 | $4.5B | $4.7B | ||
| Q1 25 | $4.5B | $4.5B | ||
| Q4 24 | $4.5B | $4.5B | ||
| Q3 24 | $4.3B | $4.5B | ||
| Q2 24 | $4.2B | $4.4B | ||
| Q1 24 | $4.1B | $4.4B |
负债/权益比URBNWSO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $61.1M | $399.8M |
| 自由现金流经营现金流 - 资本支出 | $-22.8M | $388.5M |
| 自由现金流率自由现金流/营收 | -1.5% | 24.6% |
| 资本支出强度资本支出/营收 | 5.5% | 0.7% |
| 现金转化率经营现金流/净利润 | 0.53× | 5.57× |
| 过去12个月自由现金流最近4个季度 | $402.7M | $535.1M |
8季度趋势，按日历期对齐
经营现金流URBNWSO
| Q4 25 | $61.1M | $399.8M | ||
| Q3 25 | $218.0M | $354.9M | ||
| Q2 25 | $33.0M | $-7.4M | ||
| Q1 25 | $320.5M | $-177.6M | ||
| Q4 24 | $18.5M | $378.9M | ||
| Q3 24 | $105.3M | $232.8M | ||
| Q2 24 | $58.6M | $57.7M | ||
| Q1 24 | $229.2M | $103.7M |
自由现金流URBNWSO
| Q4 25 | $-22.8M | $388.5M | ||
| Q3 25 | $156.6M | $346.1M | ||
| Q2 25 | $-13.1M | $-14.3M | ||
| Q1 25 | $281.9M | $-185.2M | ||
| Q4 24 | $-26.6M | $370.9M | ||
| Q3 24 | $47.5M | $223.0M | ||
| Q2 24 | $17.5M | $51.3M | ||
| Q1 24 | $180.6M | $97.9M |
自由现金流率URBNWSO
| Q4 25 | -1.5% | 24.6% | ||
| Q3 25 | 10.4% | 16.7% | ||
| Q2 25 | -1.0% | -0.7% | ||
| Q1 25 | 17.2% | -12.1% | ||
| Q4 24 | -2.0% | 21.1% | ||
| Q3 24 | 3.5% | 10.3% | ||
| Q2 24 | 1.5% | 2.4% | ||
| Q1 24 | 12.2% | 6.3% |
资本支出强度URBNWSO
| Q4 25 | 5.5% | 0.7% | ||
| Q3 25 | 4.1% | 0.4% | ||
| Q2 25 | 3.5% | 0.3% | ||
| Q1 25 | 2.4% | 0.5% | ||
| Q4 24 | 3.3% | 0.5% | ||
| Q3 24 | 4.3% | 0.5% | ||
| Q2 24 | 3.4% | 0.3% | ||
| Q1 24 | 3.3% | 0.4% |
现金转化率URBNWSO
| Q4 25 | 0.53× | 5.57× | ||
| Q3 25 | 1.52× | 2.20× | ||
| Q2 25 | 0.30× | -0.04× | ||
| Q1 25 | 2.66× | -2.22× | ||
| Q4 24 | 0.18× | 3.91× | ||
| Q3 24 | 0.90× | 1.36× | ||
| Q2 24 | 0.95× | 0.32× | ||
| Q1 24 | 4.80× | 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
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
WSO
暂无分部数据
