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威富集团（VFC）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
威富集团的季度营收约是施乐的1.4倍（$2.9B vs $2.0B），施乐同比增速更快（25.7% vs 1.5%），威富集团自由现金流更多（$977.9M vs $192.0M），过去两年施乐的营收复合增速更高（16.2% vs 10.1%）
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
VFC vs XRX — 直观对比
营收规模更大
VFC
是对方的1.4倍
$2.0B
营收增速更快
XRX
高出24.3%
1.5%
自由现金流更多
VFC
多$785.9M
$192.0M
两年增速更快
XRX
近两年复合增速
10.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.0B |
| 净利润 | $300.8M | — |
| 毛利率 | 56.6% | — |
| 营业利润率 | 10.1% | — |
| 净利率 | 10.5% | — |
| 营收同比 | 1.5% | 25.7% |
| 净利润同比 | 79.3% | — |
| 每股收益（稀释后） | $0.76 | $-0.62 |
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VFCXRX
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $2.4B | $1.5B |
净利润VFCXRX
| Q4 25 | $300.8M | — | ||
| Q3 25 | $189.8M | $-760.0M | ||
| Q2 25 | $-116.4M | $-106.0M | ||
| Q1 25 | $-150.8M | $-90.0M | ||
| Q4 24 | $167.8M | — | ||
| Q3 24 | $52.2M | $-1.2B | ||
| Q2 24 | $-258.9M | $18.0M | ||
| Q1 24 | $-418.3M | $-113.0M |
毛利率VFCXRX
| Q4 25 | 56.6% | — | ||
| Q3 25 | 52.2% | — | ||
| Q2 25 | 53.9% | — | ||
| Q1 25 | 52.7% | — | ||
| Q4 24 | 56.3% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 52.0% | — | ||
| Q1 24 | 48.4% | — |
营业利润率VFCXRX
| Q4 25 | 10.1% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | -12.6% | — | ||
| Q1 24 | -15.0% | — |
净利率VFCXRX
| Q4 25 | 10.5% | — | ||
| Q3 25 | 6.8% | -38.8% | ||
| Q2 25 | -6.6% | -6.7% | ||
| Q1 25 | -7.5% | -6.2% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 1.9% | -78.9% | ||
| Q2 24 | -13.6% | 1.1% | ||
| Q1 24 | -17.6% | -7.5% |
每股收益（稀释后）VFCXRX
| Q4 25 | $0.76 | $-0.62 | ||
| Q3 25 | $0.48 | $-6.01 | ||
| Q2 25 | $-0.30 | $-0.87 | ||
| Q1 25 | $-0.37 | $-0.75 | ||
| Q4 24 | $0.43 | $-0.21 | ||
| Q3 24 | $0.13 | $-9.71 | ||
| Q2 24 | $-0.67 | $0.11 | ||
| Q1 24 | $-1.07 | $-0.94 |
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 | $1.5B | $512.0M |
| 总债务越低越好 | $3.6B | $4.0B |
| 股东权益账面价值 | $1.8B | $444.0M |
| 总资产 | $10.4B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.99× | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资VFCXRX
| Q4 25 | $1.5B | $512.0M | ||
| Q3 25 | $419.1M | $479.0M | ||
| Q2 25 | $642.4M | $449.0M | ||
| Q1 25 | $429.4M | $336.0M | ||
| Q4 24 | $1.4B | $576.0M | ||
| Q3 24 | $492.2M | $521.0M | ||
| Q2 24 | $637.4M | $485.0M | ||
| Q1 24 | $674.6M | $685.0M |
总债务VFCXRX
| Q4 25 | $3.6B | $4.0B | ||
| Q3 25 | $3.5B | $4.1B | ||
| Q2 25 | $3.6B | $3.5B | ||
| Q1 25 | $3.4B | $2.7B | ||
| Q4 24 | $3.9B | $2.8B | ||
| Q3 24 | $4.0B | $2.8B | ||
| Q2 24 | $3.9B | $3.2B | ||
| Q1 24 | $4.7B | $3.2B |
股东权益VFCXRX
| Q4 25 | $1.8B | $444.0M | ||
| Q3 25 | $1.5B | $365.0M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
总资产VFCXRX
| Q4 25 | $10.4B | $9.8B | ||
| Q3 25 | $10.6B | $10.1B | ||
| Q2 25 | $10.2B | $8.9B | ||
| Q1 25 | $9.4B | $8.2B | ||
| Q4 24 | $10.6B | $8.4B | ||
| Q3 24 | $12.2B | $8.3B | ||
| Q2 24 | $11.5B | $9.5B | ||
| Q1 24 | $11.6B | $9.9B |
负债/权益比VFCXRX
| Q4 25 | 1.99× | 9.05× | ||
| Q3 25 | 2.40× | 11.10× | ||
| Q2 25 | 2.76× | 3.11× | ||
| Q1 25 | 2.30× | 2.56× | ||
| Q4 24 | 2.31× | 2.62× | ||
| Q3 24 | 2.86× | 2.11× | ||
| Q2 24 | 2.84× | 1.34× | ||
| Q1 24 | 2.84× | 1.35× |
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 | $1.0B | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $977.9M | $192.0M |
| 自由现金流率自由现金流/营收 | 34.0% | 9.5% |
| 资本支出强度资本支出/营收 | 1.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.36× | — |
| 过去12个月自由现金流最近4个季度 | $357.6M | $187.0M |
8季度趋势，按日历期对齐
经营现金流VFCXRX
| Q4 25 | $1.0B | $208.0M | ||
| Q3 25 | $-227.0M | $116.0M | ||
| Q2 25 | $-145.5M | $-11.0M | ||
| Q1 25 | $-171.1M | $-89.0M | ||
| Q4 24 | $918.1M | $351.0M | ||
| Q3 24 | $-301.6M | $116.0M | ||
| Q2 24 | $19.8M | $123.0M | ||
| Q1 24 | — | $-79.0M |
自由现金流VFCXRX
| Q4 25 | $977.9M | $192.0M | ||
| Q3 25 | $-253.5M | $104.0M | ||
| Q2 25 | $-173.7M | $-15.0M | ||
| Q1 25 | $-193.0M | $-94.0M | ||
| Q4 24 | $899.7M | $346.0M | ||
| Q3 24 | $-322.4M | $108.0M | ||
| Q2 24 | $-5.4M | $117.0M | ||
| Q1 24 | — | $-87.0M |
自由现金流率VFCXRX
| Q4 25 | 34.0% | 9.5% | ||
| Q3 25 | -9.0% | 5.3% | ||
| Q2 25 | -9.9% | -1.0% | ||
| Q1 25 | -9.6% | -6.5% | ||
| Q4 24 | 31.7% | 21.5% | ||
| Q3 24 | -11.7% | 7.1% | ||
| Q2 24 | -0.3% | 7.4% | ||
| Q1 24 | — | -5.8% |
资本支出强度VFCXRX
| Q4 25 | 1.1% | 0.8% | ||
| Q3 25 | 0.9% | 0.6% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 1.1% | 0.3% | ||
| Q4 24 | 0.6% | 0.3% | ||
| Q3 24 | 0.8% | 0.5% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | — | 0.5% |
现金转化率VFCXRX
| Q4 25 | 3.36× | — | ||
| Q3 25 | -1.20× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.47× | — | ||
| Q3 24 | -5.78× | — | ||
| Q2 24 | — | 6.83× | ||
| Q1 24 | — | — |
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
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
