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BUILD-A-BEAR WORKSHOP INC（BBW）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.6倍（$122.7M vs $78.6M），BUILD-A-BEAR WORKSHOP INC净利率更高（6.6% vs -178.3%，领先184.9%），BUILD-A-BEAR WORKSHOP INC同比增速更快（2.7% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M 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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
BBW vs RPAY — 直观对比
营收规模更大
BBW
是对方的1.6倍
$78.6M
营收增速更快
BBW
高出2.3%
0.4%
净利率更高
BBW
高出184.9%
-178.3%
自由现金流更多
RPAY
多$21.5M
$1.7M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $122.7M | $78.6M |
| 净利润 | $8.1M | $-140.1M |
| 毛利率 | 53.7% | 74.2% |
| 营业利润率 | 8.7% | -182.2% |
| 净利率 | 6.6% | -178.3% |
| 营收同比 | 2.7% | 0.4% |
| 净利润同比 | -17.7% | -3304.1% |
| 每股收益（稀释后） | $0.62 | $-1.68 |
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BBWRPAY
| Q4 25 | $122.7M | $78.6M | ||
| Q3 25 | $124.2M | $77.7M | ||
| Q2 25 | $128.4M | $75.6M | ||
| Q1 25 | $150.4M | $77.3M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | — | $79.1M | ||
| Q2 24 | — | $74.9M | ||
| Q1 24 | — | $80.7M |
净利润BBWRPAY
| Q4 25 | $8.1M | $-140.1M | ||
| Q3 25 | $12.4M | $-6.4M | ||
| Q2 25 | $15.3M | $-102.3M | ||
| Q1 25 | $21.7M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $-4.1M | ||
| Q1 24 | — | $-5.2M |
毛利率BBWRPAY
| Q4 25 | 53.7% | 74.2% | ||
| Q3 25 | 57.6% | 74.4% | ||
| Q2 25 | 56.8% | 75.7% | ||
| Q1 25 | 56.6% | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率BBWRPAY
| Q4 25 | 8.7% | -182.2% | ||
| Q3 25 | 12.3% | -3.9% | ||
| Q2 25 | 15.3% | -138.7% | ||
| Q1 25 | 18.3% | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -3.1% |
净利率BBWRPAY
| Q4 25 | 6.6% | -178.3% | ||
| Q3 25 | 10.0% | -8.3% | ||
| Q2 25 | 11.9% | -135.2% | ||
| Q1 25 | 14.4% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -6.5% |
每股收益（稀释后）BBWRPAY
| Q4 25 | $0.62 | $-1.68 | ||
| Q3 25 | $0.94 | $-0.08 | ||
| Q2 25 | $1.17 | $-1.15 | ||
| Q1 25 | $1.61 | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $150.6M | $484.4M |
| 总资产 | $326.5M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资BBWRPAY
| Q4 25 | $27.7M | $115.7M | ||
| Q3 25 | $39.1M | $95.7M | ||
| Q2 25 | $44.3M | $162.6M | ||
| Q1 25 | $27.8M | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $128.3M |
总债务BBWRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益BBWRPAY
| Q4 25 | $150.6M | $484.4M | ||
| Q3 25 | $155.4M | $616.9M | ||
| Q2 25 | $148.7M | $633.7M | ||
| Q1 25 | $139.1M | $755.7M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $754.7M | ||
| Q2 24 | — | $815.4M | ||
| Q1 24 | — | $813.8M |
总资产BBWRPAY
| Q4 25 | $326.5M | $1.2B | ||
| Q3 25 | $318.2M | $1.3B | ||
| Q2 25 | $308.3M | $1.4B | ||
| Q1 25 | $290.0M | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
负债/权益比BBWRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $1.7M | $23.2M |
| 自由现金流率自由现金流/营收 | 1.4% | 29.6% |
| 资本支出强度资本支出/营收 | 5.3% | 0.1% |
| 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 | $90.7M |
8季度趋势，按日历期对齐
经营现金流BBWRPAY
| Q4 25 | $8.2M | $23.3M | ||
| Q3 25 | $4.2M | $32.2M | ||
| Q2 25 | $27.8M | $33.1M | ||
| Q1 25 | $19.5M | $2.5M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $60.1M | ||
| Q2 24 | — | $31.0M | ||
| Q1 24 | — | $24.8M |
自由现金流BBWRPAY
| Q4 25 | $1.7M | $23.2M | ||
| Q3 25 | $793.0K | $32.1M | ||
| Q2 25 | $24.9M | $33.0M | ||
| Q1 25 | $9.8M | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
自由现金流率BBWRPAY
| Q4 25 | 1.4% | 29.6% | ||
| Q3 25 | 0.6% | 41.3% | ||
| Q2 25 | 19.4% | 43.6% | ||
| Q1 25 | 6.5% | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
资本支出强度BBWRPAY
| Q4 25 | 5.3% | 0.1% | ||
| Q3 25 | 2.8% | 0.2% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 6.5% | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
现金转化率BBWRPAY
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
