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Bath & Body Works, Inc.（BBWI）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
美国艺电的季度营收约是Bath & Body Works, Inc.的1.2倍（$1.9B vs $1.6B），Bath & Body Works, Inc.净利率更高（4.8% vs 4.6%，领先0.2%），美国艺电同比增速更快（1.0% vs -1.0%），过去两年美国艺电的营收复合增速更高（3.4% vs -26.0%）
Bath & Body Works, Inc.是总部位于美国俄亥俄州哥伦布市的特色零售企业，旗下拥有同名身体护理及家居香氛零售品牌Bath & Body Works，2023年营收达74亿美元，在2024年《财富》美国500强榜单中位列第481位。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
BBWI vs EA — 直观对比
营收规模更大
EA
是对方的1.2倍
$1.6B
营收增速更快
EA
高出1.9%
-1.0%
净利率更高
BBWI
高出0.2%
4.6%
两年增速更快
EA
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.9B |
| 净利润 | $77.0M | $88.0M |
| 毛利率 | 41.3% | 73.8% |
| 营业利润率 | 10.1% | 6.7% |
| 净利率 | 4.8% | 4.6% |
| 营收同比 | -1.0% | 1.0% |
| 净利润同比 | -27.4% | -70.0% |
| 每股收益（稀释后） | $0.37 | $0.35 |
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BBWIEA
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $2.8B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $2.9B | $1.8B |
净利润BBWIEA
| Q4 25 | $77.0M | $88.0M | ||
| Q3 25 | $64.0M | $137.0M | ||
| Q2 25 | $105.0M | $201.0M | ||
| Q1 25 | $453.0M | $254.0M | ||
| Q4 24 | $106.0M | $293.0M | ||
| Q3 24 | $152.0M | $294.0M | ||
| Q2 24 | $87.0M | $280.0M | ||
| Q1 24 | $579.0M | $182.0M |
毛利率BBWIEA
| Q4 25 | 41.3% | 73.8% | ||
| Q3 25 | 41.3% | 75.9% | ||
| Q2 25 | 45.4% | 83.3% | ||
| Q1 25 | 46.7% | 80.6% | ||
| Q4 24 | 43.5% | 75.8% | ||
| Q3 24 | 41.0% | 77.5% | ||
| Q2 24 | 43.8% | 84.2% | ||
| Q1 24 | 45.9% | 79.9% |
营业利润率BBWIEA
| Q4 25 | 10.1% | 6.7% | ||
| Q3 25 | 10.1% | 10.9% | ||
| Q2 25 | 14.7% | 16.2% | ||
| Q1 25 | 24.3% | 20.8% | ||
| Q4 24 | 13.5% | 20.0% | ||
| Q3 24 | 12.0% | 19.0% | ||
| Q2 24 | 13.5% | 21.9% | ||
| Q1 24 | 23.9% | 13.2% |
净利率BBWIEA
| Q4 25 | 4.8% | 4.6% | ||
| Q3 25 | 4.1% | 7.4% | ||
| Q2 25 | 7.4% | 12.0% | ||
| Q1 25 | 16.3% | 13.4% | ||
| Q4 24 | 6.6% | 15.6% | ||
| Q3 24 | 10.0% | 14.5% | ||
| Q2 24 | 6.3% | 16.9% | ||
| Q1 24 | 19.9% | 10.2% |
每股收益（稀释后）BBWIEA
| Q4 25 | $0.37 | $0.35 | ||
| Q3 25 | $0.30 | $0.54 | ||
| Q2 25 | $0.49 | $0.79 | ||
| Q1 25 | $2.06 | $0.99 | ||
| Q4 24 | $0.49 | $1.11 | ||
| Q3 24 | $0.68 | $1.11 | ||
| Q2 24 | $0.38 | $1.04 | ||
| Q1 24 | $2.54 | $0.67 |
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 | $236.0M | $2.8B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $-1.6B | $6.2B |
| 总资产 | $5.0B | $13.3B |
| 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BBWIEA
| Q4 25 | $236.0M | $2.8B | ||
| Q3 25 | $364.0M | $1.1B | ||
| Q2 25 | $636.0M | $1.5B | ||
| Q1 25 | $674.0M | $2.1B | ||
| Q4 24 | $191.0M | $2.8B | ||
| Q3 24 | $514.0M | $2.2B | ||
| Q2 24 | $855.0M | $2.4B | ||
| Q1 24 | $1.1B | $2.9B |
总债务BBWIEA
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
股东权益BBWIEA
| Q4 25 | $-1.6B | $6.2B | ||
| Q3 25 | $-1.5B | $6.0B | ||
| Q2 25 | $-1.5B | $6.1B | ||
| Q1 25 | $-1.4B | $6.4B | ||
| Q4 24 | $-1.7B | $7.4B | ||
| Q3 24 | $-1.7B | $7.4B | ||
| Q2 24 | $-1.7B | $7.4B | ||
| Q1 24 | $-1.6B | $7.5B |
总资产BBWIEA
| Q4 25 | $5.0B | $13.3B | ||
| Q3 25 | $4.8B | $11.9B | ||
| Q2 25 | $4.9B | $11.7B | ||
| Q1 25 | $4.9B | $12.4B | ||
| Q4 24 | $5.0B | $13.5B | ||
| Q3 24 | $4.9B | $13.1B | ||
| Q2 24 | $5.2B | $12.7B | ||
| Q1 24 | $5.5B | $13.4B |
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 | $80.0M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | — |
| 自由现金流率自由现金流/营收 | -0.1% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 1.04× | 20.75× |
| 过去12个月自由现金流最近4个季度 | $946.0M | — |
8季度趋势，按日历期对齐
经营现金流BBWIEA
| Q4 25 | $80.0M | $1.8B | ||
| Q3 25 | $-43.0M | $130.0M | ||
| Q2 25 | $188.0M | $17.0M | ||
| Q1 25 | $955.0M | $549.0M | ||
| Q4 24 | $-99.0M | $1.2B | ||
| Q3 24 | $-46.0M | $234.0M | ||
| Q2 24 | $76.0M | $120.0M | ||
| Q1 24 | $926.0M | $580.0M |
自由现金流BBWIEA
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-99.0M | — | ||
| Q2 25 | $151.0M | — | ||
| Q1 25 | $895.0M | — | ||
| Q4 24 | $-164.0M | — | ||
| Q3 24 | $-101.0M | — | ||
| Q2 24 | $30.0M | — | ||
| Q1 24 | $878.0M | — |
自由现金流率BBWIEA
| Q4 25 | -0.1% | — | ||
| Q3 25 | -6.4% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 32.1% | — | ||
| Q4 24 | -10.2% | — | ||
| Q3 24 | -6.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 30.2% | — |
资本支出强度BBWIEA
| Q4 25 | 5.1% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BBWIEA
| Q4 25 | 1.04× | 20.75× | ||
| Q3 25 | -0.67× | 0.95× | ||
| Q2 25 | 1.79× | 0.08× | ||
| Q1 25 | 2.11× | 2.16× | ||
| Q4 24 | -0.93× | 4.01× | ||
| Q3 24 | -0.30× | 0.80× | ||
| Q2 24 | 0.87× | 0.43× | ||
| Q1 24 | 1.60× | 3.19× |
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
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
