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Side-by-side financial comparison of Baozun Inc. (BZUN) and Honest Company, Inc. (HNST). Click either name above to swap in a different company.

Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $84.2M, roughly 1.0× Baozun Inc.). Baozun Inc. runs the higher net margin — -2.0% vs -26.8%, a 24.8% 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.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...

BZUN vs HNST — Head-to-Head

Bigger by revenue
HNST
HNST
1.0× larger
HNST
$88.0M
$84.2M
BZUN
Higher net margin
BZUN
BZUN
24.8% more per $
BZUN
-2.0%
-26.8%
HNST

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BZUN
BZUN
HNST
HNST
Revenue
$84.2M
$88.0M
Net Profit
$-1.7M
$-23.6M
Gross Margin
15.7%
Operating Margin
-1.7%
-27.5%
Net Margin
-2.0%
-26.8%
Revenue YoY
-11.8%
Net Profit YoY
-2813.2%
EPS (diluted)
$-0.21

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
HNST
HNST
Q4 25
$88.0M
Q3 25
$92.6M
Q2 25
$84.2M
$93.5M
Q1 25
$97.3M
Q4 24
$99.8M
Q3 24
$99.2M
Q2 24
$93.0M
Q1 24
$86.2M
Net Profit
BZUN
BZUN
HNST
HNST
Q4 25
$-23.6M
Q3 25
$758.0K
Q2 25
$-1.7M
$3.9M
Q1 25
$3.3M
Q4 24
$-809.0K
Q3 24
$165.0K
Q2 24
$-4.1M
Q1 24
$-1.4M
Gross Margin
BZUN
BZUN
HNST
HNST
Q4 25
15.7%
Q3 25
37.3%
Q2 25
40.4%
Q1 25
38.7%
Q4 24
38.8%
Q3 24
38.7%
Q2 24
38.3%
Q1 24
37.0%
Operating Margin
BZUN
BZUN
HNST
HNST
Q4 25
-27.5%
Q3 25
0.3%
Q2 25
-1.7%
3.1%
Q1 25
2.6%
Q4 24
-1.0%
Q3 24
0.1%
Q2 24
-4.3%
Q1 24
-1.5%
Net Margin
BZUN
BZUN
HNST
HNST
Q4 25
-26.8%
Q3 25
0.8%
Q2 25
-2.0%
4.1%
Q1 25
3.3%
Q4 24
-0.8%
Q3 24
0.2%
Q2 24
-4.4%
Q1 24
-1.6%
EPS (diluted)
BZUN
BZUN
HNST
HNST
Q4 25
$-0.21
Q3 25
$0.01
Q2 25
$0.03
Q1 25
$0.03
Q4 24
$-0.01
Q3 24
$0.00
Q2 24
$-0.04
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
HNST
HNST
Cash + ST InvestmentsLiquidity on hand
$6.9M
$89.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.7M
$169.7M
Total Assets
$25.9M
$225.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
HNST
HNST
Q4 25
$89.6M
Q3 25
$71.5M
Q2 25
$6.9M
$72.1M
Q1 25
$72.8M
Q4 24
$75.4M
Q3 24
$53.4M
Q2 24
$36.6M
Q1 24
$33.6M
Stockholders' Equity
BZUN
BZUN
HNST
HNST
Q4 25
$169.7M
Q3 25
$190.2M
Q2 25
$10.7M
$187.0M
Q1 25
$180.4M
Q4 24
$174.3M
Q3 24
$133.9M
Q2 24
$129.7M
Q1 24
$124.8M
Total Assets
BZUN
BZUN
HNST
HNST
Q4 25
$225.4M
Q3 25
$241.5M
Q2 25
$25.9M
$249.0M
Q1 25
$265.3M
Q4 24
$247.4M
Q3 24
$209.2M
Q2 24
$200.2M
Q1 24
$198.1M

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
HNST
HNST
Operating Cash FlowLast quarter
$19.3M
Free Cash FlowOCF − Capex
$18.1M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZUN
BZUN
HNST
HNST
Q4 25
$19.3M
Q3 25
$-504.0K
Q2 25
$-745.0K
Q1 25
$-2.9M
Q4 24
$-16.8M
Q3 24
$15.1M
Q2 24
$2.9M
Q1 24
$336.0K
Free Cash Flow
BZUN
BZUN
HNST
HNST
Q4 25
$18.1M
Q3 25
$-624.0K
Q2 25
$-826.0K
Q1 25
$-3.0M
Q4 24
$-17.2M
Q3 24
$15.0M
Q2 24
$2.9M
Q1 24
$260.0K
FCF Margin
BZUN
BZUN
HNST
HNST
Q4 25
20.5%
Q3 25
-0.7%
Q2 25
-0.9%
Q1 25
-3.1%
Q4 24
-17.2%
Q3 24
15.1%
Q2 24
3.1%
Q1 24
0.3%
Capex Intensity
BZUN
BZUN
HNST
HNST
Q4 25
1.4%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
BZUN
BZUN
HNST
HNST
Q4 25
Q3 25
-0.66×
Q2 25
-0.19×
Q1 25
-0.90×
Q4 24
Q3 24
91.42×
Q2 24
Q1 24

Financial Flow Comparison

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

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