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BUILD-A-BEAR WORKSHOP INC（BBW）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
BUILD-A-BEAR WORKSHOP INC的季度营收约是RESOURCES CONNECTION, INC.的1.0倍（$122.7M vs $117.7M），BUILD-A-BEAR WORKSHOP INC净利率更高（6.6% vs -10.8%，领先17.4%），BUILD-A-BEAR WORKSHOP INC同比增速更快（2.7% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $1.7M）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
BBW vs RGP — 直观对比
营收规模更大
BBW
是对方的1.0倍
$117.7M
营收增速更快
BBW
高出21.9%
-19.2%
净利率更高
BBW
高出17.4%
-10.8%
自由现金流更多
RGP
多$13.9M
$1.7M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $117.7M |
| 净利润 | $8.1M | $-12.7M |
| 毛利率 | 53.7% | 37.1% |
| 营业利润率 | 8.7% | -10.3% |
| 净利率 | 6.6% | -10.8% |
| 营收同比 | 2.7% | -19.2% |
| 净利润同比 | -17.7% | 81.6% |
| 每股收益（稀释后） | $0.62 | $-0.38 |
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BBWRGP
| Q4 25 | $122.7M | $117.7M | ||
| Q3 25 | $124.2M | $120.2M | ||
| Q2 25 | $128.4M | $139.3M | ||
| Q1 25 | $150.4M | $129.4M | ||
| Q4 24 | — | $145.6M | ||
| Q3 24 | — | $136.9M | ||
| Q2 24 | — | $148.2M | ||
| Q1 24 | — | $151.3M |
净利润BBWRGP
| Q4 25 | $8.1M | $-12.7M | ||
| Q3 25 | $12.4M | $-2.4M | ||
| Q2 25 | $15.3M | $-73.3M | ||
| Q1 25 | $21.7M | $-44.1M | ||
| Q4 24 | — | $-68.7M | ||
| Q3 24 | — | $-5.7M | ||
| Q2 24 | — | $10.5M | ||
| Q1 24 | — | $2.5M |
毛利率BBWRGP
| Q4 25 | 53.7% | 37.1% | ||
| Q3 25 | 57.6% | 39.5% | ||
| Q2 25 | 56.8% | 40.2% | ||
| Q1 25 | 56.6% | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率BBWRGP
| Q4 25 | 8.7% | -10.3% | ||
| Q3 25 | 12.3% | -1.7% | ||
| Q2 25 | 15.3% | -47.0% | ||
| Q1 25 | 18.3% | -38.4% | ||
| Q4 24 | — | -52.7% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 2.8% |
净利率BBWRGP
| Q4 25 | 6.6% | -10.8% | ||
| Q3 25 | 10.0% | -2.0% | ||
| Q2 25 | 11.9% | -52.6% | ||
| Q1 25 | 14.4% | -34.0% | ||
| Q4 24 | — | -47.2% | ||
| Q3 24 | — | -4.2% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 1.7% |
每股收益（稀释后）BBWRGP
| Q4 25 | $0.62 | $-0.38 | ||
| Q3 25 | $0.94 | $-0.07 | ||
| Q2 25 | $1.17 | $-2.21 | ||
| Q1 25 | $1.61 | $-1.34 | ||
| Q4 24 | — | $-2.08 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.31 | ||
| Q1 24 | — | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $150.6M | $194.6M |
| 总资产 | $326.5M | $289.3M |
| 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BBWRGP
| Q4 25 | $27.7M | $89.8M | ||
| Q3 25 | $39.1M | $77.5M | ||
| Q2 25 | $44.3M | $86.1M | ||
| Q1 25 | $27.8M | $72.5M | ||
| Q4 24 | — | $78.2M | ||
| Q3 24 | — | $89.6M | ||
| Q2 24 | — | $108.9M | ||
| Q1 24 | — | $113.8M |
股东权益BBWRGP
| Q4 25 | $150.6M | $194.6M | ||
| Q3 25 | $155.4M | $206.4M | ||
| Q2 25 | $148.7M | $207.1M | ||
| Q1 25 | $139.1M | $277.8M | ||
| Q4 24 | — | $325.7M | ||
| Q3 24 | — | $407.2M | ||
| Q2 24 | — | $418.8M | ||
| Q1 24 | — | $414.9M |
总资产BBWRGP
| Q4 25 | $326.5M | $289.3M | ||
| Q3 25 | $318.2M | $287.2M | ||
| Q2 25 | $308.3M | $304.7M | ||
| Q1 25 | $290.0M | $375.6M | ||
| Q4 24 | — | $424.9M | ||
| Q3 24 | — | $512.9M | ||
| Q2 24 | — | $510.9M | ||
| Q1 24 | — | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $1.7M | $15.6M |
| 自由现金流率自由现金流/营收 | 1.4% | 13.2% |
| 资本支出强度资本支出/营收 | 5.3% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流BBWRGP
| Q4 25 | $8.2M | $15.9M | ||
| Q3 25 | $4.2M | $-7.8M | ||
| Q2 25 | $27.8M | $16.8M | ||
| Q1 25 | $19.5M | $659.0K | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | — | $-309.0K | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $20.5M |
自由现金流BBWRGP
| Q4 25 | $1.7M | $15.6M | ||
| Q3 25 | $793.0K | $-8.0M | ||
| Q2 25 | $24.9M | $16.5M | ||
| Q1 25 | $9.8M | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $20.4M |
自由现金流率BBWRGP
| Q4 25 | 1.4% | 13.2% | ||
| Q3 25 | 0.6% | -6.6% | ||
| Q2 25 | 19.4% | 11.8% | ||
| Q1 25 | 6.5% | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 13.5% |
资本支出强度BBWRGP
| Q4 25 | 5.3% | 0.3% | ||
| Q3 25 | 2.8% | 0.1% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 6.5% | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率BBWRGP
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
