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Bath & Body Works, Inc.（BBWI）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
Bath & Body Works, Inc.的季度营收约是先锋自然资源公司的1.4倍（$1.6B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 4.8%，领先24.2%），Bath & Body Works, Inc.同比增速更快（-1.0% vs -9.8%），过去两年先锋自然资源公司的营收复合增速更高（-3.0% 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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
BBWI vs PR — 直观对比
营收规模更大
BBWI
是对方的1.4倍
$1.2B
营收增速更快
BBWI
高出8.8%
-9.8%
净利率更高
PR
高出24.2%
4.8%
两年增速更快
PR
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $77.0M | $339.5M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.1% | 23.1% |
| 净利率 | 4.8% | 29.0% |
| 营收同比 | -1.0% | -9.8% |
| 净利润同比 | -27.4% | 56.7% |
| 每股收益（稀释后） | $0.37 | $0.48 |
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BBWIPR
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $2.9B | $1.2B |
净利润BBWIPR
| Q4 25 | $77.0M | $339.5M | ||
| Q3 25 | $64.0M | $59.2M | ||
| Q2 25 | $105.0M | $207.1M | ||
| Q1 25 | $453.0M | $329.3M | ||
| Q4 24 | $106.0M | $216.7M | ||
| Q3 24 | $152.0M | $386.4M | ||
| Q2 24 | $87.0M | $235.1M | ||
| Q1 24 | $579.0M | $146.6M |
毛利率BBWIPR
| 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BBWIPR
| Q4 25 | 10.1% | 23.1% | ||
| Q3 25 | 10.1% | 29.6% | ||
| Q2 25 | 14.7% | 24.8% | ||
| Q1 25 | 24.3% | 36.6% | ||
| Q4 24 | 13.5% | 32.8% | ||
| Q3 24 | 12.0% | 32.5% | ||
| Q2 24 | 13.5% | 36.5% | ||
| Q1 24 | 23.9% | 37.7% |
净利率BBWIPR
| Q4 25 | 4.8% | 29.0% | ||
| Q3 25 | 4.1% | 4.5% | ||
| Q2 25 | 7.4% | 17.3% | ||
| Q1 25 | 16.3% | 23.9% | ||
| Q4 24 | 6.6% | 16.7% | ||
| Q3 24 | 10.0% | 31.8% | ||
| Q2 24 | 6.3% | 18.9% | ||
| Q1 24 | 19.9% | 11.8% |
每股收益（稀释后）BBWIPR
| Q4 25 | $0.37 | $0.48 | ||
| Q3 25 | $0.30 | $0.08 | ||
| Q2 25 | $0.49 | $0.28 | ||
| Q1 25 | $2.06 | $0.44 | ||
| Q4 24 | $0.49 | $0.31 | ||
| Q3 24 | $0.68 | $0.53 | ||
| Q2 24 | $0.38 | $0.36 | ||
| Q1 24 | $2.54 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | $3.9B | $3.5B |
| 股东权益账面价值 | $-1.6B | $10.3B |
| 总资产 | $5.0B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资BBWIPR
| Q4 25 | $236.0M | $153.7M | ||
| Q3 25 | $364.0M | $111.8M | ||
| Q2 25 | $636.0M | $451.0M | ||
| Q1 25 | $674.0M | $702.2M | ||
| Q4 24 | $191.0M | $479.3M | ||
| Q3 24 | $514.0M | $272.0M | ||
| Q2 24 | $855.0M | $47.8M | ||
| Q1 24 | $1.1B | $12.7M |
总债务BBWIPR
| Q4 25 | $3.9B | $3.5B | ||
| Q3 25 | $3.9B | $3.5B | ||
| Q2 25 | $3.9B | $4.0B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $4.2B | $4.2B | ||
| Q3 24 | $4.2B | $4.2B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.4B | $3.9B |
股东权益BBWIPR
| Q4 25 | $-1.6B | $10.3B | ||
| Q3 25 | $-1.5B | $10.0B | ||
| Q2 25 | $-1.5B | $9.5B | ||
| Q1 25 | $-1.4B | $9.4B | ||
| Q4 24 | $-1.7B | $9.1B | ||
| Q3 24 | $-1.7B | $9.0B | ||
| Q2 24 | $-1.7B | $8.3B | ||
| Q1 24 | $-1.6B | $7.0B |
总资产BBWIPR
| Q4 25 | $5.0B | $17.9B | ||
| Q3 25 | $4.8B | $17.3B | ||
| Q2 25 | $4.9B | $17.5B | ||
| Q1 25 | $4.9B | $17.1B | ||
| Q4 24 | $5.0B | $16.9B | ||
| Q3 24 | $4.9B | $16.6B | ||
| Q2 24 | $5.2B | $15.4B | ||
| Q1 24 | $5.5B | $15.1B |
负债/权益比BBWIPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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× | 2.66× |
| 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BBWIPR
| Q4 25 | $80.0M | $904.3M | ||
| Q3 25 | $-43.0M | $766.5M | ||
| Q2 25 | $188.0M | $1.0B | ||
| Q1 25 | $955.0M | $898.0M | ||
| Q4 24 | $-99.0M | $871.6M | ||
| Q3 24 | $-46.0M | $954.4M | ||
| Q2 24 | $76.0M | $938.4M | ||
| Q1 24 | $926.0M | $647.6M |
自由现金流BBWIPR
| 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BBWIPR
| 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BBWIPR
| 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BBWIPR
| Q4 25 | 1.04× | 2.66× | ||
| Q3 25 | -0.67× | 12.94× | ||
| Q2 25 | 1.79× | 5.01× | ||
| Q1 25 | 2.11× | 2.73× | ||
| Q4 24 | -0.93× | 4.02× | ||
| Q3 24 | -0.30× | 2.47× | ||
| Q2 24 | 0.87× | 3.99× | ||
| Q1 24 | 1.60× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
