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Bath & Body Works, Inc.（BBWI）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
Bath & Body Works, Inc.的季度营收约是罗布乐思的1.1倍（$1.6B vs $1.4B），Bath & Body Works, Inc.净利率更高（4.8% vs -22.3%，领先27.2%），罗布乐思同比增速更快（43.2% vs -1.0%），罗布乐思自由现金流更多（$308.6M vs $-1.0M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
BBWI vs RBLX — 直观对比
营收规模更大
BBWI
是对方的1.1倍
$1.4B
营收增速更快
RBLX
高出44.2%
-1.0%
净利率更高
BBWI
高出27.2%
-22.3%
自由现金流更多
RBLX
多$309.6M
$-1.0M
两年增速更快
RBLX
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $77.0M | $-316.0M |
| 毛利率 | 41.3% | 77.7% |
| 营业利润率 | 10.1% | -25.3% |
| 净利率 | 4.8% | -22.3% |
| 营收同比 | -1.0% | 43.2% |
| 净利润同比 | -27.4% | -43.9% |
| 每股收益（稀释后） | $0.37 | $-0.44 |
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BBWIRBLX
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $2.8B | $1.0B | ||
| Q4 24 | $1.6B | $988.2M | ||
| Q3 24 | $1.5B | $919.0M | ||
| Q2 24 | $1.4B | $893.5M | ||
| Q1 24 | $2.9B | $801.3M |
净利润BBWIRBLX
| Q4 25 | $77.0M | $-316.0M | ||
| Q3 25 | $64.0M | $-255.6M | ||
| Q2 25 | $105.0M | $-278.4M | ||
| Q1 25 | $453.0M | $-215.1M | ||
| Q4 24 | $106.0M | $-219.6M | ||
| Q3 24 | $152.0M | $-239.3M | ||
| Q2 24 | $87.0M | $-205.9M | ||
| Q1 24 | $579.0M | $-270.6M |
毛利率BBWIRBLX
| Q4 25 | 41.3% | 77.7% | ||
| Q3 25 | 41.3% | 78.2% | ||
| Q2 25 | 45.4% | 78.2% | ||
| Q1 25 | 46.7% | 78.3% | ||
| Q4 24 | 43.5% | 77.9% | ||
| Q3 24 | 41.0% | 77.7% | ||
| Q2 24 | 43.8% | 77.8% | ||
| Q1 24 | 45.9% | 77.7% |
营业利润率BBWIRBLX
| Q4 25 | 10.1% | -25.3% | ||
| Q3 25 | 10.1% | -21.8% | ||
| Q2 25 | 14.7% | -29.8% | ||
| Q1 25 | 24.3% | -24.6% | ||
| Q4 24 | 13.5% | -24.7% | ||
| Q3 24 | 12.0% | -30.4% | ||
| Q2 24 | 13.5% | -26.6% | ||
| Q1 24 | 23.9% | -37.7% |
净利率BBWIRBLX
| Q4 25 | 4.8% | -22.3% | ||
| Q3 25 | 4.1% | -18.8% | ||
| Q2 25 | 7.4% | -25.8% | ||
| Q1 25 | 16.3% | -20.8% | ||
| Q4 24 | 6.6% | -22.2% | ||
| Q3 24 | 10.0% | -26.0% | ||
| Q2 24 | 6.3% | -23.0% | ||
| Q1 24 | 19.9% | -33.8% |
每股收益（稀释后）BBWIRBLX
| Q4 25 | $0.37 | $-0.44 | ||
| Q3 25 | $0.30 | $-0.37 | ||
| Q2 25 | $0.49 | $-0.41 | ||
| Q1 25 | $2.06 | $-0.32 | ||
| Q4 24 | $0.49 | $-0.32 | ||
| Q3 24 | $0.68 | $-0.37 | ||
| Q2 24 | $0.38 | $-0.32 | ||
| Q1 24 | $2.54 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $3.9B | $1.2B |
| 股东权益账面价值 | $-1.6B | $394.5M |
| 总资产 | $5.0B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资BBWIRBLX
| Q4 25 | $236.0M | $3.1B | ||
| Q3 25 | $364.0M | $2.9B | ||
| Q2 25 | $636.0M | $2.6B | ||
| Q1 25 | $674.0M | $2.7B | ||
| Q4 24 | $191.0M | $2.4B | ||
| Q3 24 | $514.0M | $2.3B | ||
| Q2 24 | $855.0M | $2.4B | ||
| Q1 24 | $1.1B | $2.4B |
总债务BBWIRBLX
| Q4 25 | $3.9B | $1.2B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $1.2B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
股东权益BBWIRBLX
| Q4 25 | $-1.6B | $394.5M | ||
| Q3 25 | $-1.5B | $407.6M | ||
| Q2 25 | $-1.5B | $353.2M | ||
| Q1 25 | $-1.4B | $310.7M | ||
| Q4 24 | $-1.7B | $221.4M | ||
| Q3 24 | $-1.7B | $189.9M | ||
| Q2 24 | $-1.7B | $121.5M | ||
| Q1 24 | $-1.6B | $71.6M |
总资产BBWIRBLX
| Q4 25 | $5.0B | $9.6B | ||
| Q3 25 | $4.8B | $8.6B | ||
| Q2 25 | $4.9B | $7.8B | ||
| Q1 25 | $4.9B | $7.5B | ||
| Q4 24 | $5.0B | $7.2B | ||
| Q3 24 | $4.9B | $6.7B | ||
| Q2 24 | $5.2B | $6.5B | ||
| Q1 24 | $5.5B | $6.3B |
负债/权益比BBWIRBLX
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $308.6M |
| 自由现金流率自由现金流/营收 | -0.1% | 21.8% |
| 资本支出强度资本支出/营收 | 5.1% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流BBWIRBLX
| Q4 25 | $80.0M | $607.0M | ||
| Q3 25 | $-43.0M | $546.2M | ||
| Q2 25 | $188.0M | $199.3M | ||
| Q1 25 | $955.0M | $443.9M | ||
| Q4 24 | $-99.0M | $184.5M | ||
| Q3 24 | $-46.0M | $247.4M | ||
| Q2 24 | $76.0M | $151.4M | ||
| Q1 24 | $926.0M | $238.9M |
自由现金流BBWIRBLX
| Q4 25 | $-1.0M | $308.6M | ||
| Q3 25 | $-99.0M | $443.6M | ||
| Q2 25 | $151.0M | $176.7M | ||
| Q1 25 | $895.0M | $426.5M | ||
| Q4 24 | $-164.0M | $120.6M | ||
| Q3 24 | $-101.0M | $218.0M | ||
| Q2 24 | $30.0M | $111.7M | ||
| Q1 24 | $878.0M | $192.3M |
自由现金流率BBWIRBLX
| Q4 25 | -0.1% | 21.8% | ||
| Q3 25 | -6.4% | 32.6% | ||
| Q2 25 | 10.6% | 16.3% | ||
| Q1 25 | 32.1% | 41.2% | ||
| Q4 24 | -10.2% | 12.2% | ||
| Q3 24 | -6.6% | 23.7% | ||
| Q2 24 | 2.2% | 12.5% | ||
| Q1 24 | 30.2% | 24.0% |
资本支出强度BBWIRBLX
| Q4 25 | 5.1% | 21.1% | ||
| Q3 25 | 3.6% | 7.5% | ||
| Q2 25 | 2.6% | 2.1% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 4.0% | 6.5% | ||
| Q3 24 | 3.6% | 3.2% | ||
| Q2 24 | 3.3% | 4.4% | ||
| Q1 24 | 1.6% | 5.8% |
现金转化率BBWIRBLX
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | — | ||
| Q2 24 | 0.87× | — | ||
| 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% |
RBLX
暂无分部数据
