The Estée Lauder Companies Inc. (EL)财务
NYSE · Consumer Defensive · Household & Personal Products · 员工41,800人 · CEO Stephane de la Faverie
- 股价
- $109.23 +0.39%
- 市值
- $396亿
- 企业价值
- $453亿
- 最近财报
- Q4 '26 2026-08-19提交
- 下次财报
- 2026-11-02 EPS预期 $0.51
营收(TTM)$150亿+5.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)11.1%+12.9 百分点 对比去年同期营业利润 $16.8亿
净利润(TTM)$1.82亿+116.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$13.2亿+96.4% 对比去年同期资本支出 $4.57亿
稀释EPS(TTM)$0.49+115.6% 对比去年同期最近4个季度之和
净现金-$57.5亿+12.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $396亿 EV $453亿
- 营收
- $150亿 过去12个月
- 营收增速
- +5% FY2027年一致预期
- 净利润率
- 1.2% 净利润 / 营收,TTM
- P/E
- 214.2× 预期 32.9×(FY2027)
- P/S
- 2.6× 股价 / 营收,TTM
- EV / EBITDA
- 27.5× TTM
- 自由现金流
- $13.2亿 过去12个月
- 净利润
- $1.82亿 过去12个月
- 营收预期
- $157亿 FY2027年一致预期
- 盈利
- 2026-11-02 营收预期 $36.5亿
- 股息
- $1.40 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-19):营收超预期2.3%,EPS 超预期22.2%营收$36.3亿,预期$35.5亿(+2.3%);EPS $0.39,预期$0.32(+22.2%)。
- 营收增长加速:同比6.3%Q4 '26营收$36.3亿,此前四个季度的平均值为0.5%。
- 营业利润率11.1%(TTM),较去年同期+12.9 百分点营收增长5.0%,营业利润增长760.2%。
- 税前利润的224.4%被营业外亏损吞噬税前利润$5.17亿,营业利润$16.8亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的3.0%(去年为4.2%)最近4个季度投入$4.57亿(同比-24.1%)。自由现金流$13.2亿,相当于净利润的723.1%。
- 股东回报$6.54亿 = 自由现金流的49.7%回购$1.46亿(去年为$0),股息$5.08亿,股权激励$3.1亿(TTM)。
- 稀释股数一年内增加0.7%Q4 '26稀释股数3.63亿,一年前为3.61亿。
- 净债务 $57.5亿现金 + 短期投资 $35亿,含租赁债务 $92.5亿;一年前净债务 $65.5亿。
上一季度:Q4 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q4 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $36.3亿 | $34.1亿 | +6.3% |
| 毛利率 | 75.5% | 72.0% | +3.5 百分点 |
| 营业利润 | $2.54亿 | $1.41亿 | +80.1% |
| 营业利润率 | 7.0% | 4.1% | +2.9 百分点 |
| 净利润 | -$1.16亿 | -$5.46亿 | +78.8% |
| 稀释EPS | -$0.32 | -$1.51 | +78.8% |
| 经营现金流 | $5.76亿 | $6.01亿 | -4.2% |
| 资本支出 | $1.51亿 | $2.07亿 | -27.1% |
| 自由现金流 | $4.25亿 | $3.94亿 | +7.9% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5600万 | $0 | – |
实际 vs 一致预期
2026-08-19| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $36.3亿 | $35.5亿 | +2.3% |
| EPS(一致预期口径) | $0.39 | $0.32 | +22.2% |
来自2026-08-19发布的Q4 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q4 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Skin Care | $18.5亿 | +8.7% | 51.2% | $73.4亿 | +5.4% | |
| Makeup | $10.1亿 | +2.9% | 27.9% | $42.8亿 | +1.7% | |
| Fragrance | $6.18亿 | +10.4% | 17.1% | $27.8亿 | +11.6% | |
| Hair Care | $1.4亿 | -0.7% | 3.9% | $5.65亿 | 0.0% |
按地区划分的营收
占总额比例| 分部 | Q4 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia Pacific | $9.7亿 | -16.8% | 49.4% | $37.5亿 | -17.4% | |
| United States | $9.95亿 | +4.8% | 50.6% | $44.6亿 | +1.2% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $17.7亿
- 资本支出
- -$4.57亿
- 股票回购
- -$1.46亿
- 股息
- -$5.08亿
- 收购
- -$500万
- 债务净发行
- -$300万
- 股权激励费用
- $3.1亿
- 自由现金流
- $13.2亿
- 股东回报 / FCF
- 49.7%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 214.2× | 90.7× 5年中的4年 | 38.4× – 157.9× |
| EV / EBITDA | 27.5× | 68.7× | 20.9× – 244.1× |
| EV / 营收 | 3.0× | 3.6× | 2.3× – 5.4× |
| 股价 / FCF | 30.1× | 34.3× 5年中的4年 | 21.7× – 45.8× |
| 股价 / 净资产 | 10.4× | 10.2× | 7.1× – 16.4× |
| FCF收益率 | 3.3% | 2.1% | -2.2% – 4.6% |
| 投入资本回报率 | 4.1% | 7.3% | 3.1% – 16.0% |
| 净资产收益率 | 4.6% | 8.7% | -29.3% – 42.8% |
分析师
一致目标价 $108.69 (-0.5%)
区间 $86.00 – $125.00 · 评级 Hold
强烈买入1
买入20
持有21
卖出4
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $157亿 | +4.6% | $3.32 | +564.4% | 32.9× | 18 |
| FY2028 | $164亿 | +4.3% | $3.94 | +18.6% | 27.7× | 18 |
| FY2029 | $172亿 | +4.9% | $4.53 | +15.0% | 24.1× | 7 |
| FY2030 | $177亿 | +2.9% | $4.82 | +6.3% | 22.7× | 5 |
| FY2031 | $178亿 | +0.2% | $4.23 | -12.2% | 25.8× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
The Estée Lauder Companies Inc.在近期10-Q / 10-K文件中标记的全部291项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | $2500万 | $0 | – | |
| – | – | – | 4.8% | 0.0% | – | |
| – | – | – | $1800万 | $2700万 | -33.3% | |
| – | – | – | $9000万 | $4800万 | +87.5% | |
| – | – | – | $500万 | $500万 | 0.0% | |
| Accounts Payable, Trade, Current | $15.8亿 | $15亿 | +5.4% | $15.8亿 | $15亿 | +5.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $15.2亿 | $15.3亿 | -0.8% | $15.2亿 | $15.3亿 | -0.8% |
| Accounts Receivable, Allowance for Credit Loss | $3000万 | $2600万 | +15.4% | $3000万 | $2600万 | +15.4% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $1200万2026-03-31 | $0 | – | $100万2025-06-30 | $200万 | -50.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $500万 | -$100万 | +600.0% | $2000万 | $1100万 | +81.8% |
| Accrued Income Taxes, Current | $2.05亿 | $2.82亿 | -27.3% | $2.05亿 | $2.82亿 | -27.3% |
| Accrued Marketing Costs, Current | $2.76亿 | $2.87亿 | -3.8% | $2.76亿 | $2.87亿 | -3.8% |
| Accrued Payroll Taxes | $3.28亿 | $3.07亿 | +6.8% | $3.28亿 | $3.07亿 | +6.8% |
| Accrued Salaries, Current | $6.97亿 | $5.51亿 | +26.5% | $6.97亿 | $5.51亿 | +26.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $48.6亿 | $45.5亿 | +6.7% | $48.6亿 | $45.5亿 | +6.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$11.5亿 | -$11.3亿 | -2.3% | -$11.5亿 | -$11.3亿 | -2.3% |
| Additional Paid in Capital, Common Stock | $73.8亿 | $70.1亿 | +5.2% | $73.8亿 | $70.1亿 | +5.2% |
| Amortization of Intangible Assets | $2600万 | $2600万 | 0.0% | $1.05亿 | $1.31亿 | -19.8% |
| Assets | $198亿 | $199亿 | -0.7% | $198亿 | $199亿 | -0.7% |
| Assets, Current | $76.1亿 | $70.7亿 | +7.7% | $76.1亿 | $70.7亿 | +7.7% |
| Assets, Fair Value Disclosure | $10.4亿2026-03-31 | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $1100万 | $600万 | +83.3% | $3400万 | $3200万 | +6.3% |
| Cash and Cash Equivalents, Fair Value Disclosure | $8.79亿2026-03-31 | – | – | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $35亿 | $29.2亿 | +19.8% | $35亿 | $29.2亿 | +19.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.72亿 | $2.9亿 | +28.3% | $5.77亿 | -$4.74亿 | +221.7% |
| Common Stock, Dividends, Per Share, Declared | $0.35 | $0.35 | 0.0% | $1.40 | $1.71 | -18.1% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Value, Issued | $600万 | $600万 | 0.0% | $600万 | $600万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.13亿 | -$4亿 | +71.8% | $1.56亿 | -$11.2亿 | +113.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $1.56亿 | -$11.2亿 | +113.9% |
| Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Change Due to Net Income Attributable to Parent and Effects of Changes, Net | – | – | – | $1.82亿 | -$11.3亿 | +116.1% |
| Contract with Customer, Liability | $4.9亿 | $5.33亿 | -8.1% | $4.9亿 | $5.33亿 | -8.1% |
| Contract with Customer, Liability, Current | $2.82亿 | $3.14亿 | -10.2% | $2.82亿 | $3.14亿 | -10.2% |
| Contract with Customer, Liability, Revenue Recognized | $5.51亿 | $5.81亿 | -5.2% | $2.92亿 | $2.88亿 | +1.4% |
| Contractual Obligation | $147亿 | $135亿 | +9.1% | $147亿 | $135亿 | +9.1% |
| Contractual Obligation, to be Paid, after Year Five | $67.9亿 | $72.2亿 | -5.9% | $67.9亿 | $72.2亿 | -5.9% |
| Contractual Obligation, to be Paid, Year Five | $10.7亿 | $16亿 | -33.2% | $10.7亿 | $16亿 | -33.2% |
| Contractual Obligation, to be Paid, Year Four | $18.7亿 | $2.64亿 | +606.8% | $18.7亿 | $2.64亿 | +606.8% |
| Contractual Obligation, to be Paid, Year One | $30.2亿 | $21亿 | +43.4% | $30.2亿 | $21亿 | +43.4% |
| Contractual Obligation, to be Paid, Year Three | $5.77亿 | $11亿 | -47.5% | $5.77亿 | $11亿 | -47.5% |
| Contractual Obligation, to be Paid, Year Two | $14.2亿 | $12.2亿 | +16.3% | $14.2亿 | $12.2亿 | +16.3% |
| Cost of Goods and Services Sold | $8.9亿 | $9.55亿 | -6.8% | $36.9亿 | $37.3亿 | -1.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.76亿 | $1.49亿 | +18.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3.09亿 | $3.23亿 | -4.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.99亿 | $4.89亿 | +2.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1400万 | $1700万 | -17.6% |
| Debt, Current | $5.03亿 | $300万 | +16,666.7% | $5.03亿 | $300万 | +16,666.7% |
| Debt, Long-term and Short-term, Combined Amount | $73.1亿 | $73.2亿 | -0.2% | $73.1亿 | $73.2亿 | -0.2% |
| Deferred Compensation Arrangement with Individual, Compensation Expense | – | – | – | -$300万2025-06-30 | -$1400万 | +78.6% |
| Deferred Compensation Arrangement with Individual, Recorded Liability | – | – | – | $4100万2025-06-30 | $4400万 | -6.8% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$6600万 | -$2.35亿 | +71.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$8300万 | -$1.46亿 | +43.2% |
| Deferred Income Tax Expense (Benefit) | -$1.42亿 | -$6200万 | -129.0% | -$1.64亿 | -$3.96亿 | +58.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1500万 | -$1500万 | 0.0% |
| Deferred Tax Assets, Gross | $22.3亿 | $22.2亿 | +0.3% | $22.3亿 | $22.2亿 | +0.3% |
| Deferred Tax Assets, in Process Research and Development | $2.83亿 | $2.76亿 | +2.5% | $2.83亿 | $2.76亿 | +2.5% |
| Deferred Tax Assets, Inventory | $9400万 | $1.01亿 | -6.9% | $9400万 | $1.01亿 | -6.9% |
| Deferred Tax Assets, Net | $10.3亿 | $9.13亿 | +12.4% | $10.3亿 | $9.13亿 | +12.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $17亿 | $17.7亿 | -3.6% | $17亿 | $17.7亿 | -3.6% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $1.78亿 | $1.72亿 | +3.5% | $1.78亿 | $1.72亿 | +3.5% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30
数据截至 2026-11-02