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Bath & Body Works, Inc.（BBWI）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
Bath & Body Works, Inc.的季度营收约是利氏兄弟拍卖行的1.3倍（$1.6B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 4.8%，领先4.3%），利氏兄弟拍卖行同比增速更快（5.4% vs -1.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $-1.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% 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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
BBWI vs RBA — 直观对比
营收规模更大
BBWI
是对方的1.3倍
$1.2B
营收增速更快
RBA
高出6.4%
-1.0%
净利率更高
RBA
高出4.3%
4.8%
自由现金流更多
RBA
多$187.5M
$-1.0M
两年增速更快
RBA
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 | $109.7M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.1% | 14.7% |
| 净利率 | 4.8% | 9.1% |
| 营收同比 | -1.0% | 5.4% |
| 净利润同比 | -27.4% | -7.4% |
| 每股收益（稀释后） | $0.37 | $0.53 |
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BBWIRBA
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.8B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.5B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $2.9B | $1.1B |
净利润BBWIRBA
| Q4 25 | $77.0M | $109.7M | ||
| Q3 25 | $64.0M | $95.5M | ||
| Q2 25 | $105.0M | $109.8M | ||
| Q1 25 | $453.0M | $113.4M | ||
| Q4 24 | $106.0M | $118.5M | ||
| Q3 24 | $152.0M | $76.1M | ||
| Q2 24 | $87.0M | $111.1M | ||
| Q1 24 | $579.0M | $107.4M |
毛利率BBWIRBA
| 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BBWIRBA
| Q4 25 | 10.1% | 14.7% | ||
| Q3 25 | 10.1% | 14.5% | ||
| Q2 25 | 14.7% | 15.9% | ||
| Q1 25 | 24.3% | 17.1% | ||
| Q4 24 | 13.5% | 18.1% | ||
| Q3 24 | 12.0% | 15.6% | ||
| Q2 24 | 13.5% | 18.4% | ||
| Q1 24 | 23.9% | 18.7% |
净利率BBWIRBA
| Q4 25 | 4.8% | 9.1% | ||
| Q3 25 | 4.1% | 8.7% | ||
| Q2 25 | 7.4% | 9.3% | ||
| Q1 25 | 16.3% | 10.2% | ||
| Q4 24 | 6.6% | 10.4% | ||
| Q3 24 | 10.0% | 7.8% | ||
| Q2 24 | 6.3% | 10.1% | ||
| Q1 24 | 19.9% | 10.1% |
每股收益（稀释后）BBWIRBA
| Q4 25 | $0.37 | $0.53 | ||
| Q3 25 | $0.30 | $0.43 | ||
| Q2 25 | $0.49 | $0.53 | ||
| Q1 25 | $2.06 | $0.55 | ||
| Q4 24 | $0.49 | $0.58 | ||
| Q3 24 | $0.68 | $0.36 | ||
| Q2 24 | $0.38 | $0.54 | ||
| Q1 24 | $2.54 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $3.9B | $2.3B |
| 股东权益账面价值 | $-1.6B | $5.6B |
| 总资产 | $5.0B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资BBWIRBA
| Q4 25 | $236.0M | $531.5M | ||
| Q3 25 | $364.0M | $674.7M | ||
| Q2 25 | $636.0M | $710.2M | ||
| Q1 25 | $674.0M | $578.1M | ||
| Q4 24 | $191.0M | $533.9M | ||
| Q3 24 | $514.0M | $650.7M | ||
| Q2 24 | $855.0M | $599.5M | ||
| Q1 24 | $1.1B | $462.8M |
总债务BBWIRBA
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $3.9B | $2.6B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $4.2B | $2.6B | ||
| Q3 24 | $4.2B | $2.7B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.4B | $2.9B |
股东权益BBWIRBA
| Q4 25 | $-1.6B | $5.6B | ||
| Q3 25 | $-1.5B | $5.5B | ||
| Q2 25 | $-1.5B | $5.5B | ||
| Q1 25 | $-1.4B | $5.3B | ||
| Q4 24 | $-1.7B | $5.2B | ||
| Q3 24 | $-1.7B | $5.2B | ||
| Q2 24 | $-1.7B | $5.2B | ||
| Q1 24 | $-1.6B | $5.1B |
总资产BBWIRBA
| Q4 25 | $5.0B | $12.1B | ||
| Q3 25 | $4.8B | $12.2B | ||
| Q2 25 | $4.9B | $12.2B | ||
| Q1 25 | $4.9B | $11.9B | ||
| Q4 24 | $5.0B | $11.8B | ||
| Q3 24 | $4.9B | $11.9B | ||
| Q2 24 | $5.2B | $12.1B | ||
| Q1 24 | $5.5B | $12.0B |
负债/权益比BBWIRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $186.5M |
| 自由现金流率自由现金流/营收 | -0.1% | 15.5% |
| 资本支出强度资本支出/营收 | 5.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.04× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $946.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流BBWIRBA
| Q4 25 | $80.0M | $255.2M | ||
| Q3 25 | $-43.0M | $239.7M | ||
| Q2 25 | $188.0M | $326.5M | ||
| Q1 25 | $955.0M | $156.8M | ||
| Q4 24 | $-99.0M | $184.5M | ||
| Q3 24 | $-46.0M | $285.4M | ||
| Q2 24 | $76.0M | $337.3M | ||
| Q1 24 | $926.0M | $124.8M |
自由现金流BBWIRBA
| Q4 25 | $-1.0M | $186.5M | ||
| Q3 25 | $-99.0M | $188.5M | ||
| Q2 25 | $151.0M | $241.7M | ||
| Q1 25 | $895.0M | $102.5M | ||
| Q4 24 | $-164.0M | $127.9M | ||
| Q3 24 | $-101.0M | $248.5M | ||
| Q2 24 | $30.0M | $308.6M | ||
| Q1 24 | $878.0M | $79.6M |
自由现金流率BBWIRBA
| Q4 25 | -0.1% | 15.5% | ||
| Q3 25 | -6.4% | 17.3% | ||
| Q2 25 | 10.6% | 20.4% | ||
| Q1 25 | 32.1% | 9.2% | ||
| Q4 24 | -10.2% | 11.2% | ||
| Q3 24 | -6.6% | 25.3% | ||
| Q2 24 | 2.2% | 28.2% | ||
| Q1 24 | 30.2% | 7.5% |
资本支出强度BBWIRBA
| Q4 25 | 5.1% | 5.7% | ||
| Q3 25 | 3.6% | 4.7% | ||
| Q2 25 | 2.6% | 7.2% | ||
| Q1 25 | 2.2% | 4.9% | ||
| Q4 24 | 4.0% | 5.0% | ||
| Q3 24 | 3.6% | 3.8% | ||
| Q2 24 | 3.3% | 2.6% | ||
| Q1 24 | 1.6% | 4.2% |
现金转化率BBWIRBA
| Q4 25 | 1.04× | 2.33× | ||
| Q3 25 | -0.67× | 2.51× | ||
| Q2 25 | 1.79× | 2.97× | ||
| Q1 25 | 2.11× | 1.38× | ||
| Q4 24 | -0.93× | 1.56× | ||
| Q3 24 | -0.30× | 3.75× | ||
| Q2 24 | 0.87× | 3.04× | ||
| Q1 24 | 1.60× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
