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Bath & Body Works, Inc.（BBWI）与Loews Corporation（L）财务数据对比。点击上方公司名可切换其他公司
Bath & Body Works, Inc.的季度营收约是Loews Corporation的1.9倍（$1.6B vs $827.0M），Loews Corporation净利率更高（48.6% vs 4.8%，领先43.8%），Loews Corporation同比增速更快（4.8% vs -1.0%），Loews Corporation自由现金流更多（$426.0M vs $-1.0M），过去两年Loews Corporation的营收复合增速更高（7.9% 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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
BBWI vs L — 直观对比
营收规模更大
BBWI
是对方的1.9倍
$827.0M
营收增速更快
L
高出5.8%
-1.0%
净利率更高
L
高出43.8%
4.8%
自由现金流更多
L
多$427.0M
$-1.0M
两年增速更快
L
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $827.0M |
| 净利润 | $77.0M | $402.0M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.1% | 65.4% |
| 净利率 | 4.8% | 48.6% |
| 营收同比 | -1.0% | 4.8% |
| 净利润同比 | -27.4% | 115.0% |
| 每股收益（稀释后） | $0.37 | $1.93 |
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BBWIL
| Q4 25 | $1.6B | $827.0M | ||
| Q3 25 | $1.5B | $732.0M | ||
| Q2 25 | $1.4B | $769.0M | ||
| Q1 25 | $2.8B | $846.0M | ||
| Q4 24 | $1.6B | $789.0M | ||
| Q3 24 | $1.5B | $683.0M | ||
| Q2 24 | $1.4B | $711.0M | ||
| Q1 24 | $2.9B | $710.0M |
净利润BBWIL
| Q4 25 | $77.0M | $402.0M | ||
| Q3 25 | $64.0M | $504.0M | ||
| Q2 25 | $105.0M | $391.0M | ||
| Q1 25 | $453.0M | $370.0M | ||
| Q4 24 | $106.0M | $187.0M | ||
| Q3 24 | $152.0M | $401.0M | ||
| Q2 24 | $87.0M | $369.0M | ||
| Q1 24 | $579.0M | $457.0M |
毛利率BBWIL
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 45.9% | — |
营业利润率BBWIL
| Q4 25 | 10.1% | 65.4% | ||
| Q3 25 | 10.1% | 94.1% | ||
| Q2 25 | 14.7% | 70.1% | ||
| Q1 25 | 24.3% | 60.8% | ||
| Q4 24 | 13.5% | 23.8% | ||
| Q3 24 | 12.0% | 80.5% | ||
| Q2 24 | 13.5% | 71.3% | ||
| Q1 24 | 23.9% | 88.6% |
净利率BBWIL
| Q4 25 | 4.8% | 48.6% | ||
| Q3 25 | 4.1% | 68.9% | ||
| Q2 25 | 7.4% | 50.8% | ||
| Q1 25 | 16.3% | 43.7% | ||
| Q4 24 | 6.6% | 23.7% | ||
| Q3 24 | 10.0% | 58.7% | ||
| Q2 24 | 6.3% | 51.9% | ||
| Q1 24 | 19.9% | 64.4% |
每股收益（稀释后）BBWIL
| Q4 25 | $0.37 | $1.93 | ||
| Q3 25 | $0.30 | $2.43 | ||
| Q2 25 | $0.49 | $1.87 | ||
| Q1 25 | $2.06 | $1.74 | ||
| Q4 24 | $0.49 | $0.87 | ||
| Q3 24 | $0.68 | $1.82 | ||
| Q2 24 | $0.38 | $1.67 | ||
| Q1 24 | $2.54 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | $3.9B | $8.4B |
| 股东权益账面价值 | $-1.6B | $18.7B |
| 总资产 | $5.0B | $86.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资BBWIL
| Q4 25 | $236.0M | $6.0B | ||
| Q3 25 | $364.0M | $5.4B | ||
| Q2 25 | $636.0M | $4.5B | ||
| Q1 25 | $674.0M | $4.4B | ||
| Q4 24 | $191.0M | $4.6B | ||
| Q3 24 | $514.0M | $5.2B | ||
| Q2 24 | $855.0M | $4.9B | ||
| Q1 24 | $1.1B | $5.4B |
总债务BBWIL
| Q4 25 | $3.9B | $8.4B | ||
| Q3 25 | $3.9B | $8.4B | ||
| Q2 25 | $3.9B | $7.9B | ||
| Q1 25 | $3.9B | $8.4B | ||
| Q4 24 | $4.2B | $8.9B | ||
| Q3 24 | $4.2B | $8.8B | ||
| Q2 24 | $4.3B | $8.6B | ||
| Q1 24 | $4.4B | $8.4B |
股东权益BBWIL
| Q4 25 | $-1.6B | $18.7B | ||
| Q3 25 | $-1.5B | $18.3B | ||
| Q2 25 | $-1.5B | $17.5B | ||
| Q1 25 | $-1.4B | $17.2B | ||
| Q4 24 | $-1.7B | $17.1B | ||
| Q3 24 | $-1.7B | $17.4B | ||
| Q2 24 | $-1.7B | $16.4B | ||
| Q1 24 | $-1.6B | $16.2B |
总资产BBWIL
| Q4 25 | $5.0B | $86.3B | ||
| Q3 25 | $4.8B | $85.9B | ||
| Q2 25 | $4.9B | $84.7B | ||
| Q1 25 | $4.9B | $83.1B | ||
| Q4 24 | $5.0B | $81.9B | ||
| Q3 24 | $4.9B | $83.6B | ||
| Q2 24 | $5.2B | $81.1B | ||
| Q1 24 | $5.5B | $80.9B |
负债/权益比BBWIL
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $426.0M |
| 自由现金流率自由现金流/营收 | -0.1% | 51.5% |
| 资本支出强度资本支出/营收 | 5.1% | 23.1% |
| 现金转化率经营现金流/净利润 | 1.04× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $946.0M | $2.7B |
8季度趋势，按日历期对齐
经营现金流BBWIL
| Q4 25 | $80.0M | $617.0M | ||
| Q3 25 | $-43.0M | $920.0M | ||
| Q2 25 | $188.0M | $1.0B | ||
| Q1 25 | $955.0M | $736.0M | ||
| Q4 24 | $-99.0M | $941.0M | ||
| Q3 24 | $-46.0M | $934.0M | ||
| Q2 24 | $76.0M | $952.0M | ||
| Q1 24 | $926.0M | $198.0M |
自由现金流BBWIL
| Q4 25 | $-1.0M | $426.0M | ||
| Q3 25 | $-99.0M | $764.0M | ||
| Q2 25 | $151.0M | $872.0M | ||
| Q1 25 | $895.0M | $638.0M | ||
| Q4 24 | $-164.0M | $767.0M | ||
| Q3 24 | $-101.0M | $794.0M | ||
| Q2 24 | $30.0M | $793.0M | ||
| Q1 24 | $878.0M | $39.0M |
自由现金流率BBWIL
| Q4 25 | -0.1% | 51.5% | ||
| Q3 25 | -6.4% | 104.4% | ||
| Q2 25 | 10.6% | 113.4% | ||
| Q1 25 | 32.1% | 75.4% | ||
| Q4 24 | -10.2% | 97.2% | ||
| Q3 24 | -6.6% | 116.3% | ||
| Q2 24 | 2.2% | 111.5% | ||
| Q1 24 | 30.2% | 5.5% |
资本支出强度BBWIL
| Q4 25 | 5.1% | 23.1% | ||
| Q3 25 | 3.6% | 21.3% | ||
| Q2 25 | 2.6% | 17.4% | ||
| Q1 25 | 2.2% | 11.6% | ||
| Q4 24 | 4.0% | 22.1% | ||
| Q3 24 | 3.6% | 20.5% | ||
| Q2 24 | 3.3% | 22.4% | ||
| Q1 24 | 1.6% | 22.4% |
现金转化率BBWIL
| Q4 25 | 1.04× | 1.53× | ||
| Q3 25 | -0.67× | 1.83× | ||
| Q2 25 | 1.79× | 2.57× | ||
| Q1 25 | 2.11× | 1.99× | ||
| Q4 24 | -0.93× | 5.03× | ||
| Q3 24 | -0.30× | 2.33× | ||
| Q2 24 | 0.87× | 2.58× | ||
| Q1 24 | 1.60× | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
