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Bath & Body Works, Inc.（BBWI）与京东（JD）财务数据对比。点击上方公司名可切换其他公司
京东的季度营收约是Bath & Body Works, Inc.的33.8倍（$53.9B vs $1.6B）。Bath & Body Works, Inc.净利率更高（4.8% vs -0.1%，领先5.0%）。京东同比增速更快（12.2% vs -1.0%）。京东自由现金流更多（$2.7B vs $-1.0M）。过去两年京东的营收复合增速更高（26.8% 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。
京东是总部位于北京的中国知名电商企业，前身为360buy。2024年营收超1588亿美元，是中国收入规模最大的零售商，位列《财富》世界500强第47位。作为国内两大头部B2C线上零售商之一，与阿里巴巴旗下天猫直接竞争，业务覆盖零售、科技、物流、医疗健康、工业、地产管理等多个领域。
BBWI vs JD — 直观对比
营收规模更大
JD
是对方的33.8倍
$1.6B
营收增速更快
JD
高出13.2%
-1.0%
净利率更高
BBWI
高出5.0%
-0.1%
自由现金流更多
JD
多$2.7B
$-1.0M
两年增速更快
JD
近两年复合增速
-26.0%
损益表 — Q4 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $53.9B |
| 净利润 | $77.0M | $-78.0M |
| 毛利率 | 41.3% | 14.6% |
| 营业利润率 | 10.1% | -1.5% |
| 净利率 | 4.8% | -0.1% |
| 营收同比 | -1.0% | 12.2% |
| 净利润同比 | -27.4% | -105.0% |
| 每股收益（稀释后） | $0.37 | $-0.15 |
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BBWIJD
| Q4 25 | $1.6B | $53.9B | ||
| Q3 25 | $1.5B | $42.0B | ||
| Q2 25 | $1.4B | $49.8B | ||
| Q1 25 | $2.8B | $41.5B | ||
| Q4 24 | $1.6B | $48.0B | ||
| Q3 24 | $1.5B | $37.1B | ||
| Q2 24 | $1.4B | $40.1B | ||
| Q1 24 | $2.9B | $33.5B |
净利润BBWIJD
| Q4 25 | $77.0M | $-78.0M | ||
| Q3 25 | $64.0M | $896.0M | ||
| Q2 25 | $105.0M | $937.0M | ||
| Q1 25 | $453.0M | $1.6B | ||
| Q4 24 | $106.0M | $1.6B | ||
| Q3 24 | $152.0M | $1.8B | ||
| Q2 24 | $87.0M | $1.9B | ||
| Q1 24 | $579.0M | $855.5M |
毛利率BBWIJD
| Q4 25 | 41.3% | 14.6% | ||
| Q3 25 | 41.3% | 16.9% | ||
| Q2 25 | 45.4% | 15.9% | ||
| Q1 25 | 46.7% | 15.9% | ||
| Q4 24 | 43.5% | 15.2% | ||
| Q3 24 | 41.0% | 17.3% | ||
| Q2 24 | 43.8% | 15.8% | ||
| Q1 24 | 45.9% | 14.8% |
营业利润率BBWIJD
| Q4 25 | 10.1% | -1.5% | ||
| Q3 25 | 10.1% | -0.4% | ||
| Q2 25 | 14.7% | -0.2% | ||
| Q1 25 | 24.3% | 3.5% | ||
| Q4 24 | 13.5% | 2.6% | ||
| Q3 24 | 12.0% | 4.6% | ||
| Q2 24 | 13.5% | 3.6% | ||
| Q1 24 | 23.9% | 2.6% |
净利率BBWIJD
| Q4 25 | 4.8% | -0.1% | ||
| Q3 25 | 4.1% | 2.1% | ||
| Q2 25 | 7.4% | 1.9% | ||
| Q1 25 | 16.3% | 3.7% | ||
| Q4 24 | 6.6% | 3.3% | ||
| Q3 24 | 10.0% | 4.9% | ||
| Q2 24 | 6.3% | 4.7% | ||
| Q1 24 | 19.9% | 2.6% |
每股收益（稀释后）BBWIJD
| Q4 25 | $0.37 | $-0.15 | ||
| Q3 25 | $0.30 | $0.24 | ||
| Q2 25 | $0.49 | $0.29 | ||
| Q1 25 | $2.06 | $0.50 | ||
| Q4 24 | $0.49 | $0.44 | ||
| Q3 24 | $0.68 | $0.55 | ||
| Q2 24 | $0.38 | $0.56 | ||
| Q1 24 | $2.54 | — |
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 | $30.5B |
| 总债务越低越好 | $3.9B | $41.7B |
| 股东权益账面价值 | $-1.6B | $32.2B |
| 总资产 | $5.0B | $99.4B |
| 负债/权益比越低杠杆越低 | — | 1.30× |
8季度趋势，按日历期对齐
现金及短期投资BBWIJD
| Q4 25 | $236.0M | $30.5B | ||
| Q3 25 | $364.0M | $27.9B | ||
| Q2 25 | $636.0M | $29.9B | ||
| Q1 25 | $674.0M | $26.8B | ||
| Q4 24 | $191.0M | $32.1B | ||
| Q3 24 | $514.0M | $27.2B | ||
| Q2 24 | $855.0M | $27.8B | ||
| Q1 24 | $1.1B | $3.3B |
总债务BBWIJD
| Q4 25 | $3.9B | $41.7B | ||
| Q3 25 | $3.9B | $8.4B | ||
| Q2 25 | $3.9B | $7.9B | ||
| Q1 25 | $3.9B | $7.8B | ||
| Q4 24 | $4.2B | $31.7B | ||
| Q3 24 | $4.2B | $7.7B | ||
| Q2 24 | $4.3B | $7.8B | ||
| Q1 24 | $4.4B | $2.1B |
股东权益BBWIJD
| Q4 25 | $-1.6B | $32.2B | ||
| Q3 25 | $-1.5B | $42.8B | ||
| Q2 25 | $-1.5B | $41.5B | ||
| Q1 25 | $-1.4B | $42.5B | ||
| Q4 24 | $-1.7B | $32.8B | ||
| Q3 24 | $-1.7B | $42.2B | ||
| Q2 24 | $-1.7B | $39.5B | ||
| Q1 24 | $-1.6B | $5.5B |
总资产BBWIJD
| Q4 25 | $5.0B | $99.4B | ||
| Q3 25 | $4.8B | $100.2B | ||
| Q2 25 | $4.9B | $98.7B | ||
| Q1 25 | $4.9B | $93.4B | ||
| Q4 24 | $5.0B | $95.7B | ||
| Q3 24 | $4.9B | $91.7B | ||
| Q2 24 | $5.2B | $89.7B | ||
| Q1 24 | $5.5B | $11.5B |
负债/权益比BBWIJD
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.37× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $2.7B |
| 自由现金流率自由现金流/营收 | -0.1% | 5.0% |
| 资本支出强度资本支出/营收 | 5.1% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.04× | — |
| 过去12个月自由现金流最近4个季度 | $946.0M | $2.2B |
8季度趋势，按日历期对齐
经营现金流BBWIJD
| Q4 25 | $80.0M | $3.0B | ||
| Q3 25 | $-43.0M | $-1.1B | ||
| Q2 25 | $188.0M | $3.4B | ||
| Q1 25 | $955.0M | $-2.5B | ||
| Q4 24 | $-99.0M | $3.4B | ||
| Q3 24 | $-46.0M | $-886.0M | ||
| Q2 24 | $76.0M | $7.0B | ||
| Q1 24 | $926.0M | — |
自由现金流BBWIJD
| Q4 25 | $-1.0M | $2.7B | ||
| Q3 25 | $-99.0M | $-1.1B | ||
| Q2 25 | $151.0M | $3.3B | ||
| Q1 25 | $895.0M | $-2.6B | ||
| Q4 24 | $-164.0M | $3.3B | ||
| Q3 24 | $-101.0M | $-1.4B | ||
| Q2 24 | $30.0M | $6.8B | ||
| Q1 24 | $878.0M | — |
自由现金流率BBWIJD
| Q4 25 | -0.1% | 5.0% | ||
| Q3 25 | -6.4% | -2.7% | ||
| Q2 25 | 10.6% | 6.5% | ||
| Q1 25 | 32.1% | -6.4% | ||
| Q4 24 | -10.2% | 6.9% | ||
| Q3 24 | -6.6% | -3.7% | ||
| Q2 24 | 2.2% | 16.9% | ||
| Q1 24 | 30.2% | — |
资本支出强度BBWIJD
| Q4 25 | 5.1% | 0.5% | ||
| Q3 25 | 3.6% | 0.0% | ||
| Q2 25 | 2.6% | 0.3% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | 4.0% | 0.2% | ||
| Q3 24 | 3.6% | 1.3% | ||
| Q2 24 | 3.3% | 0.5% | ||
| Q1 24 | 1.6% | — |
现金转化率BBWIJD
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | -1.26× | ||
| Q2 25 | 1.79× | 3.64× | ||
| Q1 25 | 2.11× | -1.62× | ||
| Q4 24 | -0.93× | 2.18× | ||
| Q3 24 | -0.30× | -0.48× | ||
| Q2 24 | 0.87× | 3.73× | ||
| Q1 24 | 1.60× | — |
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% |
JD
| JD Retail | $43.2B | 80% |
| JD Logistics | $9.1B | 17% |
| New Businesses | $2.0B | 4% |
