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BUILD-A-BEAR WORKSHOP INC（BBW）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是BUILD-A-BEAR WORKSHOP INC的1.5倍（$188.3M vs $122.7M），BRC Group Holdings, Inc.净利率更高（47.9% vs 6.6%，领先41.3%），BUILD-A-BEAR WORKSHOP INC同比增速更快（2.7% vs -21.9%）
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。
BBW vs RILY — 直观对比
营收规模更大
RILY
是对方的1.5倍
$122.7M
营收增速更快
BBW
高出24.6%
-21.9%
净利率更高
RILY
高出41.3%
6.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $188.3M |
| 净利润 | $8.1M | $90.3M |
| 毛利率 | 53.7% | 79.5% |
| 营业利润率 | 8.7% | 32.3% |
| 净利率 | 6.6% | 47.9% |
| 营收同比 | 2.7% | -21.9% |
| 净利润同比 | -17.7% | 1710.8% |
| 每股收益（稀释后） | $0.62 | $2.78 |
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BBWRILY
| Q4 25 | $122.7M | $188.3M | ||
| Q3 25 | $124.2M | $215.3M | ||
| Q2 25 | $128.4M | $188.2M | ||
| Q1 25 | $150.4M | $197.2M | ||
| Q4 24 | — | $241.0M | ||
| Q3 24 | — | $225.5M | ||
| Q2 24 | — | $256.0M | ||
| Q1 24 | — | $263.4M |
净利润BBWRILY
| Q4 25 | $8.1M | $90.3M | ||
| Q3 25 | $12.4M | $91.1M | ||
| Q2 25 | $15.3M | $139.5M | ||
| Q1 25 | $21.7M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | — | $-284.4M | ||
| Q2 24 | — | $-433.6M | ||
| Q1 24 | — | $-49.2M |
毛利率BBWRILY
| Q4 25 | 53.7% | 79.5% | ||
| Q3 25 | 57.6% | 83.7% | ||
| Q2 25 | 56.8% | 81.3% | ||
| Q1 25 | 56.6% | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率BBWRILY
| Q4 25 | 8.7% | 32.3% | ||
| Q3 25 | 12.3% | 30.4% | ||
| Q2 25 | 15.3% | 5.7% | ||
| Q1 25 | 18.3% | -31.2% | ||
| Q4 24 | — | -69.2% | ||
| Q3 24 | — | -36.4% | ||
| Q2 24 | — | -90.8% | ||
| Q1 24 | — | -6.1% |
净利率BBWRILY
| Q4 25 | 6.6% | 47.9% | ||
| Q3 25 | 10.0% | 42.3% | ||
| Q2 25 | 11.9% | 74.1% | ||
| Q1 25 | 14.4% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | — | -126.1% | ||
| Q2 24 | — | -169.4% | ||
| Q1 24 | — | -18.7% |
每股收益（稀释后）BBWRILY
| Q4 25 | $0.62 | $2.78 | ||
| Q3 25 | $0.94 | $2.91 | ||
| Q2 25 | $1.17 | $4.50 | ||
| Q1 25 | $1.61 | $-0.39 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-9.39 | ||
| Q2 24 | — | $-14.35 | ||
| Q1 24 | — | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $150.6M | $-171.5M |
| 总资产 | $326.5M | $1.7B |
| 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BBWRILY
| Q4 25 | $27.7M | $226.6M | ||
| Q3 25 | $39.1M | $184.2M | ||
| Q2 25 | $44.3M | $267.4M | ||
| Q1 25 | $27.8M | $138.3M | ||
| Q4 24 | — | $146.9M | ||
| Q3 24 | — | $159.2M | ||
| Q2 24 | — | $236.9M | ||
| Q1 24 | — | $190.7M |
总债务BBWRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BBWRILY
| Q4 25 | $150.6M | $-171.5M | ||
| Q3 25 | $155.4M | $-260.5M | ||
| Q2 25 | $148.7M | $-351.7M | ||
| Q1 25 | $139.1M | $-496.8M | ||
| Q4 24 | — | $-488.2M | ||
| Q3 24 | — | $-497.6M | ||
| Q2 24 | — | $-218.3M | ||
| Q1 24 | — | $228.4M |
总资产BBWRILY
| Q4 25 | $326.5M | $1.7B | ||
| Q3 25 | $318.2M | $1.7B | ||
| Q2 25 | $308.3M | $1.5B | ||
| Q1 25 | $290.0M | $1.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $5.0B |
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 | $26.2M |
| 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× | 0.29× |
| 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BBWRILY
| Q4 25 | $8.2M | $26.2M | ||
| Q3 25 | $4.2M | $-60.6M | ||
| Q2 25 | $27.8M | $-25.6M | ||
| Q1 25 | $19.5M | $184.0K | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | — | $19.5M | ||
| Q2 24 | — | $111.5M | ||
| Q1 24 | — | $135.4M |
自由现金流BBWRILY
| Q4 25 | $1.7M | — | ||
| Q3 25 | $793.0K | — | ||
| Q2 25 | $24.9M | — | ||
| Q1 25 | $9.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BBWRILY
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BBWRILY
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BBWRILY
| Q4 25 | 1.01× | 0.29× | ||
| Q3 25 | 0.34× | -0.66× | ||
| Q2 25 | 1.81× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
