Columbia Sportswear
COLM Nasdaq Apparel, Accessories & Luxury Goods 金融 FY2016–FY2025
Columbia Sportswear's revenue rose 0.8% to $3.4 billion in fiscal 2025. Its operating margin was 6.1%, down from 8.0% a year earlier. Free cash flow was $217 million, down 49.7%. It paid out $267 million in dividends and buybacks, 123% of free cash flow. The diluted share count fell 6.4%.
关于这些数据。 Columbia Sportswear reports no borrowings (its credit lines are undrawn), so debt is counted as zero.
Columbia Sportswear 的业务
Columbia Sportswear designs and sells outdoor, active and lifestyle clothing, footwear, accessories and equipment. It has four brands: Columbia, SOREL (boots and lifestyle shoes), Mountain Hardwear (technical gear for climbers and skiers) and prAna (yoga and active clothing). The company was founded in Portland, Oregon, in 1938 and sells in 115 countries.
It reports four geographic segments: the United States (its largest), Latin America and Asia Pacific, Europe, Middle East and Africa, and Canada. Sales go through two channels. In wholesale, it sells to outdoor and sporting goods stores, department stores, internet retailers and international distributors. In direct-to-consumer, it sells through its own stores and websites. It also earns licensing revenue. Sales are weighted toward the third and fourth quarters.
Columbia does not own or run factories. Contract manufacturers outside the US make almost all of its finished goods, and in 2025 factories in Vietnam produced about 80% of its footwear. It competes with large companies, small local brands, new brands that sell mostly direct to consumers, and its own wholesale customers' private-label products. It had about 9,620 employees at the end of 2025, more than half of them in retail.
- 法定名称
- COLUMBIA SPORTSWEAR COMPANY
- 财年结束日
- 2025年12月31日
- 最新年报
- 10-K · 2026年2月25日
- 登记号 · CIK
- 0001050797-26-000028
0001050797
营收与利润率
Columbia Sportswear 在 2025 财年 营收为 $3.4B，同比增长 0.9%。
净利润与每股收益
从 2016 财年到 2025 财年，稀释每股收益年均增长 2.0%。 亏损期间以红色显示。
资本回报率
税后营业利润占投入业务资金(债务加股东权益减现金)的比例。
现金流
2025 财年 的自由现金流为 $217M，占营收的 6.4%。 经营现金流减资本支出。
股息、回购与股数
Columbia Sportswear 在 2025 财年 向股东返还 $267M，占自由现金流的 123%。 稀释股数减少 6.4%。
自己评估 Columbia Sportswear
调整假设，查看对应的每股价值。这些是模型，不是预测或目标价，结果完全取决于你的输入。
现金流折现
每股价值
—
加上净现金 $791M，再除以 54.8M 稀释股数。十年现金流加终值，折现至今天。
盈利倍数
每股价值
—
参考倍数：当前 16.0x · 同业 12.2x · 板块 17.9x。
资产负债表
现金、债务以及显示 Columbia Sportswear 承担债务能力的指标。
| 财年末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 现金及短期投资 | $895M | $431M | $765M | $816M | $791M |
| 债务(含融资租赁) | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 净债务 / EBITDA | −1.8x | −1.0x | −2.1x | −2.5x | −3.0x |
| 债务 / 股东权益 | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| 流动比率 | 3.1x | 2.9x | 3.4x | 2.6x | 2.6x |
| 速动比率 | 2.2x | 1.5x | 2.1x | 1.7x | 1.7x |
| 总资产 | $3.1B | $3.1B | $2.9B | $3.0B | $2.9B |
| 总负债 | $1.1B | $1.1B | $1.0B | $1.2B | $1.2B |
| 股东权益 | $2.0B | $1.9B | $1.9B | $1.8B | $1.7B |
| 净债务 (− = 净现金) | −$895M | −$431M | −$765M | −$816M | −$791M |
内部人交易
高管、董事和持股超过 10% 的股东在公开市场的买卖，数据来自 Form 4 申报。“计划”表示依据事先制定的 Rule 10b5-1 计划进行的交易。
买入(12 个月)
$0.0M
1 名内部人士
卖出(12 个月)
$1.2M
5 名内部人士
卖出中按计划执行的比例
29%
$0.3M
| 日期 | 内部人士 | 交易 | 股数 | 股价 | 金额 | 文件 |
|---|---|---|---|---|---|---|
| 2026年5月28日 | Stephen E BabsonDirector | 卖出 | 4,150 | $67.95 | $0.3M | Form 4 |
| 2026年5月27日 | Jim A SwansonEVP & CFO | 卖出 计划 | 2,000 | $68.00 | $0.1M | Form 4 |
| 2026年5月27日 | Ronald E. NelsonDirector | 卖出 | 4,080 | $67.78 | $0.3M | Form 4 |
| 2026年5月26日 | Jim A SwansonEVP & CFO | 卖出 计划 | 2,000 | $65.50 | $0.1M | Form 4 |
| 2026年5月4日 | Sabrina SimmonsDirector | 卖出 计划 | 1,329 | $61.24 | $0.1M | Form 4 |
| 2025年11月26日 | Lisa KulokEVP Chief Supply Chain Officer | 卖出 | 5,262 | $54.62 | $0.3M | Form 4 |
| 2025年11月13日 | Peter J BragdonPresident | 买入 | 300 | $54.40 | $0.0M | Form 4 |
Piotroski F 分数
关于盈利能力、融资和效率的九项通过/未通过测试。8–9 为强，0–2 为弱。
| 测试项 | FY23 | FY24 | FY25 |
|---|---|---|---|
| 净利润为正 | ✓ | ✓ | ✓ |
| 经营现金流为正 | ✓ | ✓ | ✓ |
| 资产回报率上升 | ✕ | ✕ | ✕ |
| 经营现金流高于净利润 | ✓ | ✓ | ✓ |
| 债务相对资产下降 | ✕ | ✕ | ✕ |
| 流动比率上升 | ✓ | ✕ | ✕ |
| 股数未增加 | ✓ | ✓ | ✓ |
| 毛利率上升 | ✓ | ✓ | ✓ |
| 营收相对资产上升 | ✓ | ✓ | ✕ |
| F 分数 | 7 / 9 | 6 / 9 | 5 / 9 |
| 应计比率 | −12.9% | −9.1% | −3.6% |
| Altman Z'' | 8.11 | 6.93 | 6.64 |
相似公司
各公司最近一个财年的数据。各公司财年结束月份不同，因此期间并不完全一致。
| 公司 | 市值 | 增长 | 营业利润率 | 自由现金流利润率 | ROIC | 市盈率 | F 分数 | |
|---|---|---|---|---|---|---|---|---|
| Columbia Sportswear COLM | $3.1B | 0.9% | 6.1% | 6.4% | 17.0% | 16.0x | 5 | |
| Capri Holdings CPRI | $1.8B | −4.1% | 0.7% | 0.4% | 1.6% | 12.2x | 7 | 比较 → |
| Gildan Activewear GIL | $6.2B | 10.7% | 17.1% | 13.8% | 9.9% | — | 6 | 比较 → |
| Kontoor Brands KTB | $4.2B | 20.9% | 10.7% | 13.8% | 21.2% | 15.9x | 6 | 比较 → |
| G-III Apparel Group GIII | $1.3B | −7.0% | 3.7% | 8.9% | 4.6% | 9.7x | 6 | 比较 → |
10 年数据
金额单位为 USD。将鼠标悬停在指标名称上可查看定义。
| 财年 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||
| 营收 | $2.4B | $2.5B | $2.8B | $3.0B | $2.5B | $3.1B | $3.5B | $3.5B | $3.4B | $3.4B |
| 毛利 | $1.1B | $1.2B | $1.4B | $1.5B | $1.2B | $1.6B | $1.7B | $1.7B | $1.7B | $1.7B |
| 营业利润 | $257M | $263M | $351M | $395M | $137M | $451M | $393M | $310M | $271M | $207M |
| 利息支出 | $1.0M | $0.7M | $0.0M | $0.0M | — | — | — | — | — | — |
| 税前利润 | $257M | $267M | $361M | $405M | $140M | $452M | $397M | $326M | $298M | $230M |
| 所得税 | −$58.5M | $154M | $85.8M | $74.9M | $31.5M | $97.4M | $86.0M | $74.8M | $74.9M | $52.4M |
| 净利润 | $192M | $105M | $268M | $331M | $108M | $354M | $311M | $251M | $223M | $177M |
| 稀释每股收益 | $2.72 | $1.49 | $3.81 | $4.83 | $1.62 | $5.33 | $4.95 | $4.09 | $3.82 | $3.24 |
| 稀释股数 | 0.07B | 0.07B | 0.07B | 0.07B | 0.07B | 0.07B | 0.06B | 0.06B | 0.06B | 0.05B |
| 现金流 | ||||||||||
| 经营现金流 | $275M | $341M | $290M | $286M | $276M | $354M | −$25.2M | $636M | $491M | $283M |
| 资本支出 | $50.0M | $53.4M | $65.6M | $124M | $28.8M | $34.7M | $58.5M | $54.6M | $59.8M | $66.2M |
| 自由现金流 | $225M | $288M | $224M | $162M | $247M | $320M | −$83.7M | $582M | $431M | $217M |
| 折旧与摊销 | $60.0M | $59.9M | $58.2M | $59.8M | $63.4M | $55.9M | $54.8M | $58.1M | $55.9M | $56.8M |
| 股权激励 | $11.0M | $11.3M | $14.3M | $17.8M | $17.8M | $19.1M | $21.0M | $23.1M | $24.8M | $24.2M |
| 收购 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 股票回购 | $0.0M | $35.5M | $202M | $122M | $133M | $165M | $287M | $184M | $318M | $201M |
| 已付股息 | $48.1M | $50.9M | $62.7M | $65.1M | $17.2M | $68.6M | $75.1M | $73.4M | $69.7M | $65.5M |
| 股息与回购 | $48.1M | $86.5M | $264M | $187M | $150M | $234M | $363M | $257M | $387M | $267M |
| 资产负债表 | ||||||||||
| 现金及短期投资 | $552M | $768M | $715M | $688M | $792M | $895M | $431M | $765M | $816M | $791M |
| 总债务 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 融资租赁负债 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 流动资产 | $1.4B | $1.6B | $1.8B | $1.9B | $1.9B | $2.1B | $2.1B | $2.0B | $2.0B | $2.0B |
| 流动负债 | $363M | $454M | $573M | $631M | $553M | $680M | $739M | $597M | $767M | $761M |
| 存货 | $488M | $458M | $522M | $606M | $557M | $645M | $1.0B | $746M | $691M | $690M |
| 固定资产净额 | $280M | $281M | $292M | $347M | $310M | $291M | $291M | $287M | $283M | $279M |
| 总资产 | $2.0B | $2.2B | $2.4B | $2.9B | $2.8B | $3.1B | $3.1B | $2.9B | $3.0B | $2.9B |
| 总负债 | $432M | $561M | $678M | $1.1B | $1.0B | $1.1B | $1.1B | $1.0B | $1.2B | $1.2B |
| 股东权益 | $1.6B | $1.6B | $1.7B | $1.8B | $1.8B | $2.0B | $1.9B | $1.9B | $1.8B | $1.7B |
| 利润率 | ||||||||||
| 毛利率 | 46.7% | 47.0% | 49.5% | 49.8% | 48.9% | 51.6% | 49.4% | 49.6% | 50.2% | 50.5% |
| 营业利润率 | 10.8% | 10.7% | 12.5% | 13.0% | 5.5% | 14.4% | 11.4% | 8.9% | 8.0% | 6.1% |
| EBITDA 利润率 | 13.3% | 13.1% | 14.6% | 15.0% | 8.0% | 16.2% | 12.9% | 10.6% | 9.7% | 7.8% |
| 净利率 | 8.1% | 4.3% | 9.6% | 10.9% | 4.3% | 11.3% | 9.0% | 7.2% | 6.6% | 5.2% |
| 自由现金流利润率 | 9.5% | 11.7% | 8.0% | 5.3% | 9.9% | 10.2% | −2.4% | 16.7% | 12.8% | 6.4% |
| 回报率 | ||||||||||
| 资本回报率 | 24.7% | 13.7% | 28.8% | 30.1% | 9.6% | 33.1% | 23.7% | 17.9% | 19.0% | 17.0% |
| 已动用资本回报率 | 16.4% | 15.4% | 19.8% | 19.3% | 6.0% | 19.3% | 16.7% | 13.3% | 11.9% | 9.5% |
| 股本回报率 | 13.0% | 6.6% | 16.3% | 18.8% | 5.9% | 18.5% | 15.9% | 13.0% | 12.0% | 10.2% |
| 资产回报率 | 9.9% | 5.0% | 11.7% | 12.5% | 3.8% | 12.0% | 10.2% | 8.4% | 7.6% | 6.0% |
| 增长 | ||||||||||
| 营收增长 | 2.2% | 3.8% | 13.6% | 8.6% | −17.8% | 25.0% | 10.8% | 0.7% | −3.4% | 0.9% |
| 净利润增长 | 10.1% | −45.2% | 155.2% | 23.2% | −67.3% | 227.8% | −12.1% | −19.3% | −11.2% | −20.6% |
| 每股收益增长 | 11.0% | −45.2% | 155.7% | 26.8% | −66.5% | 229.0% | −7.1% | −17.4% | −6.6% | −15.2% |
| 自由现金流增长 | 794.0% | 27.8% | −22.2% | −27.7% | 52.7% | 29.3% | −126.2% | — | −25.9% | −49.7% |
| 股数变化 | −0.6% | −0.3% | −0.1% | −2.7% | −2.5% | −0.5% | −5.2% | −2.5% | −4.8% | −6.4% |
| 财务健康 | ||||||||||
| 净债务 / EBITDA | −1.7x | −2.4x | −1.8x | −1.5x | −4.0x | −1.8x | −1.0x | −2.1x | −2.5x | −3.0x |
| 债务 / 股东权益 | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| 利息保障倍数 | 244.5x | 383.9x | — | — | — | — | — | — | — | — |
| 流动比率 | 3.9x | 3.6x | 3.1x | 3.0x | 3.4x | 3.1x | 2.9x | 3.4x | 2.6x | 2.6x |
| 速动比率 | 2.6x | 2.6x | 2.2x | 2.0x | 2.4x | 2.2x | 1.5x | 2.1x | 1.7x | 1.7x |
| 资本配置 | ||||||||||
| 资本支出 / 营收 | 2.1% | 2.2% | 2.3% | 4.1% | 1.2% | 1.1% | 1.7% | 1.6% | 1.8% | 2.0% |
| 股权激励 / 营收 | 0.5% | 0.5% | 0.5% | 0.6% | 0.7% | 0.6% | 0.6% | 0.7% | 0.7% | 0.7% |
| 股东回报 / 自由现金流 | 21.4% | 30.0% | 118.0% | 115.4% | 60.7% | 73.2% | — | 44.3% | 89.9% | 123.0% |
| 质量评分 | ||||||||||
| Piotroski F 分数 | 7.0 | 5.0 | 7.0 | 6.0 | 5.0 | 7.0 | 3.0 | 7.0 | 6.0 | 5.0 |
| Altman Z'' | 10.6 | 9.8 | 9.2 | 7.5 | 7.3 | 8.1 | 7.8 | 8.1 | 6.9 | 6.6 |
| 应计比率 | −4.3% | −11.2% | −0.9% | 1.7% | −5.8% | −0.0% | 11.0% | −12.9% | −9.1% | −3.6% |
来源：SEC EDGAR XBRL 文件 (CIK 0001050797). 数据更新于 2026年10月9日。 第四季度数据为全年减去前九个月。 仅供参考，不构成投资建议。依赖任何数字前，请核对原始文件。