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BUILD-A-BEAR WORKSHOP INC（BBW）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
Ribbon Communications Inc.的季度营收约是BUILD-A-BEAR WORKSHOP INC的1.3倍（$162.6M vs $122.7M），Ribbon Communications Inc.净利率更高（54.8% vs 6.6%，领先48.2%），BUILD-A-BEAR WORKSHOP INC同比增速更快（2.7% vs -10.3%）
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。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
BBW vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.3倍
$122.7M
营收增速更快
BBW
高出13.0%
-10.3%
净利率更高
RBBN
高出48.2%
6.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $162.6M |
| 净利润 | $8.1M | $89.1M |
| 毛利率 | 53.7% | 42.9% |
| 营业利润率 | 8.7% | 37.6% |
| 净利率 | 6.6% | 54.8% |
| 营收同比 | 2.7% | -10.3% |
| 净利润同比 | -17.7% | — |
| 每股收益（稀释后） | $0.62 | $0.50 |
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
营收BBWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $122.7M | $227.3M | ||
| Q3 25 | $124.2M | $215.4M | ||
| Q2 25 | $128.4M | $220.6M | ||
| Q1 25 | $150.4M | $181.3M | ||
| Q4 24 | — | $251.4M | ||
| Q3 24 | — | $210.2M | ||
| Q2 24 | — | $192.6M |
净利润BBWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $8.1M | — | ||
| Q3 25 | $12.4M | $-12.1M | ||
| Q2 25 | $15.3M | $-11.1M | ||
| Q1 25 | $21.7M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-13.4M | ||
| Q2 24 | — | $-16.8M |
毛利率BBWRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 53.7% | 53.3% | ||
| Q3 25 | 57.6% | 50.1% | ||
| Q2 25 | 56.8% | 49.6% | ||
| Q1 25 | 56.6% | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率BBWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 8.7% | 4.1% | ||
| Q3 25 | 12.3% | 1.3% | ||
| Q2 25 | 15.3% | 1.9% | ||
| Q1 25 | 18.3% | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -1.0% |
净利率BBWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 10.0% | -5.6% | ||
| Q2 25 | 11.9% | -5.0% | ||
| Q1 25 | 14.4% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -6.4% | ||
| Q2 24 | — | -8.7% |
每股收益（稀释后）BBWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.62 | $0.50 | ||
| Q3 25 | $0.94 | $-0.07 | ||
| Q2 25 | $1.17 | $-0.06 | ||
| Q1 25 | $1.61 | $-0.15 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $-0.10 |
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 | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $150.6M | $419.1M |
| 总资产 | $326.5M | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BBWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $27.7M | $96.4M | ||
| Q3 25 | $39.1M | $74.8M | ||
| Q2 25 | $44.3M | $60.5M | ||
| Q1 25 | $27.8M | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益BBWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $150.6M | $449.0M | ||
| Q3 25 | $155.4M | $360.1M | ||
| Q2 25 | $148.7M | $370.4M | ||
| Q1 25 | $139.1M | $381.8M | ||
| Q4 24 | — | $404.6M | ||
| Q3 24 | — | $395.5M | ||
| Q2 24 | — | $405.0M |
总资产BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $326.5M | $1.2B | ||
| Q3 25 | $318.2M | $1.1B | ||
| Q2 25 | $308.3M | $1.1B | ||
| Q1 25 | $290.0M | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
负债/权益比BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.7M | — |
| 自由现金流率自由现金流/营收 | 1.4% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $29.2M | ||
| Q3 25 | $4.2M | $26.5M | ||
| Q2 25 | $27.8M | $-795.0K | ||
| Q1 25 | $19.5M | $-3.5M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $-9.8M |
自由现金流BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.7M | $27.3M | ||
| Q3 25 | $793.0K | $21.0M | ||
| Q2 25 | $24.9M | $-6.5M | ||
| Q1 25 | $9.8M | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 12.0% | ||
| Q3 25 | 0.6% | 9.7% | ||
| Q2 25 | 19.4% | -2.9% | ||
| Q1 25 | 6.5% | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 0.9% | ||
| Q3 25 | 2.8% | 2.6% | ||
| Q2 25 | 2.3% | 2.6% | ||
| Q1 25 | 6.5% | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率BBWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
