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BUILD-A-BEAR WORKSHOP INC（BBW）与RMR GROUP INC.（RMR）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RMR GROUP INC.的1.8倍（$122.7M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs 6.6%，领先11.7%），RMR GROUP INC.同比增速更快（40.8% vs 2.7%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
BBW vs RMR — 直观对比
营收规模更大
BBW
是对方的1.8倍
$66.7M
营收增速更快
RMR
高出38.0%
2.7%
净利率更高
RMR
高出11.7%
6.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $66.7M |
| 净利润 | $8.1M | $12.2M |
| 毛利率 | 53.7% | — |
| 营业利润率 | 8.7% | 48.1% |
| 净利率 | 6.6% | 18.3% |
| 营收同比 | 2.7% | 40.8% |
| 净利润同比 | -17.7% | 91.1% |
| 每股收益（稀释后） | $0.62 | $0.71 |
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BBWRMR
| Q4 25 | $122.7M | $66.7M | ||
| Q3 25 | $124.2M | — | ||
| Q2 25 | $128.4M | — | ||
| Q1 25 | $150.4M | — |
净利润BBWRMR
| Q4 25 | $8.1M | $12.2M | ||
| Q3 25 | $12.4M | — | ||
| Q2 25 | $15.3M | — | ||
| Q1 25 | $21.7M | — |
毛利率BBWRMR
| Q4 25 | 53.7% | — | ||
| Q3 25 | 57.6% | — | ||
| Q2 25 | 56.8% | — | ||
| Q1 25 | 56.6% | — |
营业利润率BBWRMR
| Q4 25 | 8.7% | 48.1% | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 18.3% | — |
净利率BBWRMR
| Q4 25 | 6.6% | 18.3% | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 14.4% | — |
每股收益（稀释后）BBWRMR
| Q4 25 | $0.62 | $0.71 | ||
| Q3 25 | $0.94 | — | ||
| Q2 25 | $1.17 | — | ||
| Q1 25 | $1.61 | — |
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 | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $150.6M | $232.7M |
| 总资产 | $326.5M | $687.1M |
| 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BBWRMR
| Q4 25 | $27.7M | $49.3M | ||
| Q3 25 | $39.1M | — | ||
| Q2 25 | $44.3M | — | ||
| Q1 25 | $27.8M | — |
股东权益BBWRMR
| Q4 25 | $150.6M | $232.7M | ||
| Q3 25 | $155.4M | — | ||
| Q2 25 | $148.7M | — | ||
| Q1 25 | $139.1M | — |
总资产BBWRMR
| Q4 25 | $326.5M | $687.1M | ||
| Q3 25 | $318.2M | — | ||
| Q2 25 | $308.3M | — | ||
| Q1 25 | $290.0M | — |
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 | $10.7M |
| 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× | 0.88× |
| 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BBWRMR
| Q4 25 | $8.2M | $10.7M | ||
| Q3 25 | $4.2M | — | ||
| Q2 25 | $27.8M | — | ||
| Q1 25 | $19.5M | — |
自由现金流BBWRMR
| Q4 25 | $1.7M | — | ||
| Q3 25 | $793.0K | — | ||
| Q2 25 | $24.9M | — | ||
| Q1 25 | $9.8M | — |
自由现金流率BBWRMR
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 6.5% | — |
资本支出强度BBWRMR
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 6.5% | — |
现金转化率BBWRMR
| Q4 25 | 1.01× | 0.88× | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.90× | — |
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% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
