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Side-by-side financial comparison of Baozun Inc. (BZUN) and CBL & ASSOCIATES PROPERTIES INC (CBL). Click either name above to swap in a different company.

CBL & ASSOCIATES PROPERTIES INC is the larger business by last-quarter revenue ($156.4M vs $84.2M, roughly 1.9× Baozun Inc.). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs -2.0%, a 33.3% gap on every dollar of revenue.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

BZUN vs CBL — Head-to-Head

Bigger by revenue
CBL
CBL
1.9× larger
CBL
$156.4M
$84.2M
BZUN
Higher net margin
CBL
CBL
33.3% more per $
CBL
31.3%
-2.0%
BZUN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BZUN
BZUN
CBL
CBL
Revenue
$84.2M
$156.4M
Net Profit
$-1.7M
$49.0M
Gross Margin
Operating Margin
-1.7%
Net Margin
-2.0%
31.3%
Revenue YoY
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$1.61

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BZUN
BZUN
CBL
CBL
Q4 25
$156.4M
Q3 25
$139.3M
Q2 25
$84.2M
$140.9M
Q1 25
$141.8M
Q4 24
$131.7M
Q3 24
$125.1M
Q2 24
$129.7M
Q1 24
$129.1M
Net Profit
BZUN
BZUN
CBL
CBL
Q4 25
$49.0M
Q3 25
$75.4M
Q2 25
$-1.7M
$2.8M
Q1 25
$8.8M
Q4 24
$38.0M
Q3 24
$16.2M
Q2 24
$4.7M
Q1 24
$50.0K
Operating Margin
BZUN
BZUN
CBL
CBL
Q4 25
Q3 25
Q2 25
-1.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Net Margin
BZUN
BZUN
CBL
CBL
Q4 25
31.3%
Q3 25
54.2%
Q2 25
-2.0%
2.0%
Q1 25
6.2%
Q4 24
28.8%
Q3 24
12.9%
Q2 24
3.7%
Q1 24
0.0%
EPS (diluted)
BZUN
BZUN
CBL
CBL
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
Q1 25
$0.27
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
Q1 24
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BZUN
BZUN
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$6.9M
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$10.7M
$374.9M
Total Assets
$25.9M
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
CBL
CBL
Q4 25
$42.3M
Q3 25
$52.6M
Q2 25
$6.9M
$100.3M
Q1 25
$100.3M
Q4 24
$40.8M
Q3 24
$65.1M
Q2 24
$57.7M
Q1 24
$57.7M
Total Debt
BZUN
BZUN
CBL
CBL
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
BZUN
BZUN
CBL
CBL
Q4 25
$374.9M
Q3 25
$351.4M
Q2 25
$10.7M
$289.4M
Q1 25
$295.0M
Q4 24
$323.5M
Q3 24
$308.3M
Q2 24
$308.8M
Q1 24
$324.2M
Total Assets
BZUN
BZUN
CBL
CBL
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$25.9M
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.2B
Q2 24
$2.3B
Q1 24
$2.3B
Debt / Equity
BZUN
BZUN
CBL
CBL
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
Q1 24
5.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BZUN
BZUN
CBL
CBL
Operating Cash FlowLast quarter
$249.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZUN
BZUN
CBL
CBL
Q4 25
$249.7M
Q3 25
$69.6M
Q2 25
$68.3M
Q1 25
$31.7M
Q4 24
$202.2M
Q3 24
$61.1M
Q2 24
$64.2M
Q1 24
$30.7M
Free Cash Flow
BZUN
BZUN
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$46.0M
Q2 24
$54.8M
Q1 24
$24.7M
FCF Margin
BZUN
BZUN
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.8%
Q2 24
42.2%
Q1 24
19.1%
Capex Intensity
BZUN
BZUN
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.1%
Q2 24
7.3%
Q1 24
4.7%
Cash Conversion
BZUN
BZUN
CBL
CBL
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
Q1 24
614.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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