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Williams-Sonoma, Inc.（WSM）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是斑马技术的1.3倍（$1.9B vs $1.5B），Williams-Sonoma, Inc.净利率更高（12.8% vs 4.7%，领先8.1%），斑马技术同比增速更快（10.6% vs 4.6%），斑马技术自由现金流更多（$327.0M vs $248.1M），过去两年斑马技术的营收复合增速更高（12.0% vs -9.1%）
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。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
WSM vs ZBRA — 直观对比
营收规模更大
WSM
是对方的1.3倍
$1.5B
营收增速更快
ZBRA
高出6.0%
4.6%
净利率更高
WSM
高出8.1%
4.7%
自由现金流更多
ZBRA
多$78.9M
$248.1M
两年增速更快
ZBRA
近两年复合增速
-9.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.5B |
| 净利润 | $241.6M | $70.0M |
| 毛利率 | 46.1% | 47.3% |
| 营业利润率 | 17.0% | 9.4% |
| 净利率 | 12.8% | 4.7% |
| 营收同比 | 4.6% | 10.6% |
| 净利润同比 | -3.0% | -57.1% |
| 每股收益（稀释后） | $1.96 | $1.40 |
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WSMZBRA
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
净利润WSMZBRA
| Q4 25 | $241.6M | $70.0M | ||
| Q3 25 | $247.6M | $101.0M | ||
| Q2 25 | $231.3M | $112.0M | ||
| Q1 25 | $384.9M | $136.0M | ||
| Q4 24 | $249.0M | $163.0M | ||
| Q3 24 | $225.7M | $137.0M | ||
| Q2 24 | $265.7M | $113.0M | ||
| Q1 24 | $354.4M | $115.0M |
毛利率WSMZBRA
| Q4 25 | 46.1% | 47.3% | ||
| Q3 25 | 47.1% | 48.0% | ||
| Q2 25 | 44.3% | 47.6% | ||
| Q1 25 | 45.2% | 49.3% | ||
| Q4 24 | 46.7% | 48.6% | ||
| Q3 24 | 46.2% | 48.8% | ||
| Q2 24 | 48.3% | 48.4% | ||
| Q1 24 | 46.0% | 47.9% |
营业利润率WSMZBRA
| Q4 25 | 17.0% | 9.4% | ||
| Q3 25 | 17.9% | 13.9% | ||
| Q2 25 | 16.8% | 14.2% | ||
| Q1 25 | 20.1% | 14.9% | ||
| Q4 24 | 17.8% | 16.9% | ||
| Q3 24 | 16.2% | 15.2% | ||
| Q2 24 | 19.5% | 13.7% | ||
| Q1 24 | 20.1% | 13.5% |
净利率WSMZBRA
| Q4 25 | 12.8% | 4.7% | ||
| Q3 25 | 13.5% | 7.7% | ||
| Q2 25 | 13.4% | 8.7% | ||
| Q1 25 | 15.6% | 10.4% | ||
| Q4 24 | 13.8% | 12.2% | ||
| Q3 24 | 12.6% | 10.9% | ||
| Q2 24 | 16.0% | 9.3% | ||
| Q1 24 | 15.6% | 9.8% |
每股收益（稀释后）WSMZBRA
| Q4 25 | $1.96 | $1.40 | ||
| Q3 25 | $2.00 | $1.97 | ||
| Q2 25 | $1.85 | $2.19 | ||
| Q1 25 | $1.02 | $2.62 | ||
| Q4 24 | $1.96 | $3.14 | ||
| Q3 24 | $1.74 | $2.64 | ||
| Q2 24 | $4.07 | $2.17 | ||
| Q1 24 | $5.42 | $2.23 |
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 | $884.7M | $125.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $3.6B |
| 总资产 | $5.3B | $8.5B |
| 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WSMZBRA
| Q4 25 | $884.7M | $125.0M | ||
| Q3 25 | $985.8M | $1.1B | ||
| Q2 25 | $1.0B | $872.0M | ||
| Q1 25 | $1.2B | $879.0M | ||
| Q4 24 | $826.8M | $901.0M | ||
| Q3 24 | $1.3B | $676.0M | ||
| Q2 24 | $1.3B | $411.0M | ||
| Q1 24 | $1.3B | $127.0M |
总债务WSMZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益WSMZBRA
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.1B | $3.7B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | $2.1B | $3.6B | ||
| Q4 24 | $1.9B | $3.6B | ||
| Q3 24 | $2.3B | $3.4B | ||
| Q2 24 | $2.2B | $3.3B | ||
| Q1 24 | $2.1B | $3.2B |
总资产WSMZBRA
| Q4 25 | $5.3B | $8.5B | ||
| Q3 25 | $5.2B | $8.1B | ||
| Q2 25 | $5.2B | $7.9B | ||
| Q1 25 | $5.3B | $7.9B | ||
| Q4 24 | $5.0B | $8.0B | ||
| Q3 24 | $5.2B | $7.7B | ||
| Q2 24 | $5.2B | $7.5B | ||
| Q1 24 | $5.3B | $7.3B |
负债/权益比WSMZBRA
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.66× |
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 | $316.3M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $248.1M | $327.0M |
| 自由现金流率自由现金流/营收 | 13.2% | 22.2% |
| 资本支出强度资本支出/营收 | 3.6% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.31× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $831.0M |
8季度趋势，按日历期对齐
经营现金流WSMZBRA
| Q4 25 | $316.3M | $357.0M | ||
| Q3 25 | $282.7M | $235.0M | ||
| Q2 25 | $118.9M | $147.0M | ||
| Q1 25 | $633.5M | $178.0M | ||
| Q4 24 | $253.5M | $306.0M | ||
| Q3 24 | $246.5M | $294.0M | ||
| Q2 24 | $226.8M | $288.0M | ||
| Q1 24 | $674.9M | $125.0M |
自由现金流WSMZBRA
| Q4 25 | $248.1M | $327.0M | ||
| Q3 25 | $230.7M | $216.0M | ||
| Q2 25 | $60.7M | $130.0M | ||
| Q1 25 | $566.3M | $158.0M | ||
| Q4 24 | $170.1M | $288.0M | ||
| Q3 24 | $215.1M | $277.0M | ||
| Q2 24 | $187.3M | $278.0M | ||
| Q1 24 | $621.2M | $111.0M |
自由现金流率WSMZBRA
| Q4 25 | 13.2% | 22.2% | ||
| Q3 25 | 12.6% | 16.4% | ||
| Q2 25 | 3.5% | 10.1% | ||
| Q1 25 | 23.0% | 12.1% | ||
| Q4 24 | 9.4% | 21.6% | ||
| Q3 24 | 12.0% | 22.1% | ||
| Q2 24 | 11.3% | 22.8% | ||
| Q1 24 | 27.3% | 9.4% |
资本支出强度WSMZBRA
| Q4 25 | 3.6% | 2.0% | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 3.4% | 1.3% | ||
| Q1 25 | 2.7% | 1.5% | ||
| Q4 24 | 4.6% | 1.3% | ||
| Q3 24 | 1.8% | 1.4% | ||
| Q2 24 | 2.4% | 0.8% | ||
| Q1 24 | 2.4% | 1.2% |
现金转化率WSMZBRA
| Q4 25 | 1.31× | 5.10× | ||
| Q3 25 | 1.14× | 2.33× | ||
| Q2 25 | 0.51× | 1.31× | ||
| Q1 25 | 1.65× | 1.31× | ||
| Q4 24 | 1.02× | 1.88× | ||
| Q3 24 | 1.09× | 2.15× | ||
| Q2 24 | 0.85× | 2.55× | ||
| Q1 24 | 1.90× | 1.09× |
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
WSM
暂无分部数据
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
