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BUILD-A-BEAR WORKSHOP INC（BBW）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Ultragenyx Pharmaceutical Inc.的季度营收约是BUILD-A-BEAR WORKSHOP INC的1.7倍（$207.3M vs $122.7M），BUILD-A-BEAR WORKSHOP INC净利率更高（6.6% vs -62.0%，领先68.6%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 2.7%），BUILD-A-BEAR WORKSHOP INC自由现金流更多（$1.7M vs $-100.8M）
Build-A-Bear Workshop是源自美国的定制毛绒玩具零售商，总部位于密苏里州圣路易斯。顾客到店后可全程参与互动流程，亲手制作并根据自身偏好定制毛绒玩具，可选择不同香味、音效、造型与服饰，它是目前全球最大的同类毛绒玩具定制连锁品牌。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
BBW vs RARE — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $207.3M |
| 净利润 | $8.1M | $-128.6M |
| 毛利率 | 53.7% | — |
| 营业利润率 | 8.7% | -54.7% |
| 净利率 | 6.6% | -62.0% |
| 营收同比 | 2.7% | 25.9% |
| 净利润同比 | -17.7% | 3.5% |
| 每股收益（稀释后） | $0.62 | $-1.28 |
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
| Q4 25 | $122.7M | $207.3M | ||
| Q3 25 | $124.2M | $159.9M | ||
| Q2 25 | $128.4M | $166.5M | ||
| Q1 25 | $150.4M | $139.3M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | — | $139.5M | ||
| Q2 24 | — | $147.0M | ||
| Q1 24 | — | $108.8M |
| Q4 25 | $8.1M | $-128.6M | ||
| Q3 25 | $12.4M | $-180.4M | ||
| Q2 25 | $15.3M | $-115.0M | ||
| Q1 25 | $21.7M | $-151.1M | ||
| Q4 24 | — | $-133.2M | ||
| Q3 24 | — | $-133.5M | ||
| Q2 24 | — | $-131.6M | ||
| Q1 24 | — | $-170.7M |
| Q4 25 | 53.7% | — | ||
| Q3 25 | 57.6% | — | ||
| Q2 25 | 56.8% | — | ||
| Q1 25 | 56.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 8.7% | -54.7% | ||
| Q3 25 | 12.3% | -106.9% | ||
| Q2 25 | 15.3% | -64.8% | ||
| Q1 25 | 18.3% | -102.6% | ||
| Q4 24 | — | -74.3% | ||
| Q3 24 | — | -94.6% | ||
| Q2 24 | — | -79.1% | ||
| Q1 24 | — | -151.9% |
| Q4 25 | 6.6% | -62.0% | ||
| Q3 25 | 10.0% | -112.8% | ||
| Q2 25 | 11.9% | -69.0% | ||
| Q1 25 | 14.4% | -108.5% | ||
| Q4 24 | — | -80.9% | ||
| Q3 24 | — | -95.7% | ||
| Q2 24 | — | -89.5% | ||
| Q1 24 | — | -156.8% |
| Q4 25 | $0.62 | $-1.28 | ||
| Q3 25 | $0.94 | $-1.81 | ||
| Q2 25 | $1.17 | $-1.17 | ||
| Q1 25 | $1.61 | $-1.57 | ||
| Q4 24 | — | $-1.34 | ||
| Q3 24 | — | $-1.40 | ||
| Q2 24 | — | $-1.52 | ||
| Q1 24 | — | $-2.03 |
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 | $27.7M | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $150.6M | $-80.0M |
| 总资产 | $326.5M | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $27.7M | $421.0M | ||
| Q3 25 | $39.1M | $202.5M | ||
| Q2 25 | $44.3M | $176.3M | ||
| Q1 25 | $27.8M | $127.1M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $150.6M | ||
| Q2 24 | — | $480.7M | ||
| Q1 24 | — | $112.3M |
| Q4 25 | $150.6M | $-80.0M | ||
| Q3 25 | $155.4M | $9.2M | ||
| Q2 25 | $148.7M | $151.3M | ||
| Q1 25 | $139.1M | $144.2M | ||
| Q4 24 | — | $255.0M | ||
| Q3 24 | — | $346.8M | ||
| Q2 24 | — | $432.4M | ||
| Q1 24 | — | $140.3M |
| Q4 25 | $326.5M | $1.5B | ||
| Q3 25 | $318.2M | $1.2B | ||
| Q2 25 | $308.3M | $1.3B | ||
| Q1 25 | $290.0M | $1.3B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
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 | $8.2M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $1.7M | $-100.8M |
| 自由现金流率自由现金流/营收 | 1.4% | -48.6% |
| 资本支出强度资本支出/营收 | 5.3% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.01× | — |
| 过去12个月自由现金流最近4个季度 | $37.2M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $8.2M | $-99.8M | ||
| Q3 25 | $4.2M | $-91.4M | ||
| Q2 25 | $27.8M | $-108.3M | ||
| Q1 25 | $19.5M | $-166.5M | ||
| Q4 24 | — | $-79.3M | ||
| Q3 24 | — | $-67.0M | ||
| Q2 24 | — | $-77.0M | ||
| Q1 24 | — | $-190.7M |
| Q4 25 | $1.7M | $-100.8M | ||
| Q3 25 | $793.0K | $-92.7M | ||
| Q2 25 | $24.9M | $-110.7M | ||
| Q1 25 | $9.8M | $-167.8M | ||
| Q4 24 | — | $-79.5M | ||
| Q3 24 | — | $-68.6M | ||
| Q2 24 | — | $-79.0M | ||
| Q1 24 | — | $-193.9M |
| Q4 25 | 1.4% | -48.6% | ||
| Q3 25 | 0.6% | -58.0% | ||
| Q2 25 | 19.4% | -66.5% | ||
| Q1 25 | 6.5% | -120.5% | ||
| Q4 24 | — | -48.3% | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | — | -53.7% | ||
| Q1 24 | — | -178.2% |
| Q4 25 | 5.3% | 0.5% | ||
| Q3 25 | 2.8% | 0.8% | ||
| Q2 25 | 2.3% | 1.5% | ||
| Q1 25 | 6.5% | 1.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
BBW
| Direct To Consumer | $112.3M | 92% |
| Commercial Product And Service | $8.9M | 7% |
| International Franchising | $1.5M | 1% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
