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Bath & Body Works, Inc.（BBWI）与ROKU, INC（ROKU）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ROKU, INC的1.3倍（$1.6B vs $1.2B），Bath & Body Works, Inc.净利率更高（4.8% vs -2.2%，领先7.0%），Bath & Body Works, Inc.同比增速更快（-1.0% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $-1.0M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
BBWI vs ROKU — 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
BBWI
高出17.3%
-18.3%
净利率更高
BBWI
高出7.0%
-2.2%
自由现金流更多
ROKU
多$299.4M
$-1.0M
两年增速更快
ROKU
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $77.0M | $-27.4M |
| 毛利率 | 41.3% | 35.6% |
| 营业利润率 | 10.1% | 59.7% |
| 净利率 | 4.8% | -2.2% |
| 营收同比 | -1.0% | -18.3% |
| 净利润同比 | -27.4% | -361.0% |
| 每股收益（稀释后） | $0.37 | $0.57 |
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BBWIROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $2.8B | $1.0B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $968.2M |
净利润BBWIROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $77.0M | $80.5M | ||
| Q3 25 | $64.0M | $24.8M | ||
| Q2 25 | $105.0M | $10.5M | ||
| Q1 25 | $453.0M | $-27.4M | ||
| Q4 24 | $106.0M | $-35.5M | ||
| Q3 24 | $152.0M | $-9.0M | ||
| Q2 24 | $87.0M | $-34.0M |
毛利率BBWIROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 41.3% | 43.5% | ||
| Q3 25 | 41.3% | 43.4% | ||
| Q2 25 | 45.4% | 44.8% | ||
| Q1 25 | 46.7% | 43.6% | ||
| Q4 24 | 43.5% | 42.7% | ||
| Q3 24 | 41.0% | 45.2% | ||
| Q2 24 | 43.8% | 43.9% |
营业利润率BBWIROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 10.1% | 4.7% | ||
| Q3 25 | 10.1% | 0.8% | ||
| Q2 25 | 14.7% | -2.1% | ||
| Q1 25 | 24.3% | -5.7% | ||
| Q4 24 | 13.5% | -3.3% | ||
| Q3 24 | 12.0% | -3.4% | ||
| Q2 24 | 13.5% | -7.4% |
净利率BBWIROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 4.8% | 5.8% | ||
| Q3 25 | 4.1% | 2.0% | ||
| Q2 25 | 7.4% | 0.9% | ||
| Q1 25 | 16.3% | -2.7% | ||
| Q4 24 | 6.6% | -3.0% | ||
| Q3 24 | 10.0% | -0.9% | ||
| Q2 24 | 6.3% | -3.5% |
每股收益（稀释后）BBWIROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.37 | $0.55 | ||
| Q3 25 | $0.30 | $0.16 | ||
| Q2 25 | $0.49 | $0.07 | ||
| Q1 25 | $2.06 | $-0.19 | ||
| Q4 24 | $0.49 | $-0.24 | ||
| Q3 24 | $0.68 | $-0.06 | ||
| Q2 24 | $0.38 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $-1.6B | $2.7B |
| 总资产 | $5.0B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BBWIROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $236.0M | $2.3B | ||
| Q3 25 | $364.0M | $2.3B | ||
| Q2 25 | $636.0M | $2.3B | ||
| Q1 25 | $674.0M | $2.3B | ||
| Q4 24 | $191.0M | $2.2B | ||
| Q3 24 | $514.0M | $2.1B | ||
| Q2 24 | $855.0M | $2.1B |
总债务BBWIROKU
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
股东权益BBWIROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $-1.6B | $2.7B | ||
| Q3 25 | $-1.5B | $2.6B | ||
| Q2 25 | $-1.5B | $2.6B | ||
| Q1 25 | $-1.4B | $2.5B | ||
| Q4 24 | $-1.7B | $2.5B | ||
| Q3 24 | $-1.7B | $2.5B | ||
| Q2 24 | $-1.7B | $2.4B |
总资产BBWIROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.0B | $4.4B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $4.9B | $4.3B | ||
| Q1 25 | $4.9B | $4.2B | ||
| Q4 24 | $5.0B | $4.3B | ||
| Q3 24 | $4.9B | $4.3B | ||
| Q2 24 | $5.2B | $4.1B |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $298.4M |
| 自由现金流率自由现金流/营收 | -0.1% | 23.9% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $946.0M | $640.0M |
8季度趋势，按日历期对齐
经营现金流BBWIROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $80.0M | $107.7M | ||
| Q3 25 | $-43.0M | $127.6M | ||
| Q2 25 | $188.0M | $109.7M | ||
| Q1 25 | $955.0M | $138.7M | ||
| Q4 24 | $-99.0M | $79.3M | ||
| Q3 24 | $-46.0M | $68.7M | ||
| Q2 24 | $76.0M | $23.4M |
自由现金流BBWIROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $-1.0M | $106.6M | ||
| Q3 25 | $-99.0M | $126.5M | ||
| Q2 25 | $151.0M | $108.6M | ||
| Q1 25 | $895.0M | $136.8M | ||
| Q4 24 | $-164.0M | $76.8M | ||
| Q3 24 | $-101.0M | $67.6M | ||
| Q2 24 | $30.0M | $22.5M |
自由现金流率BBWIROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | -0.1% | 7.6% | ||
| Q3 25 | -6.4% | 10.4% | ||
| Q2 25 | 10.6% | 9.8% | ||
| Q1 25 | 32.1% | 13.4% | ||
| Q4 24 | -10.2% | 6.4% | ||
| Q3 24 | -6.6% | 6.4% | ||
| Q2 24 | 2.2% | 2.3% |
资本支出强度BBWIROKU
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 2.6% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 4.0% | 0.2% | ||
| Q3 24 | 3.6% | 0.1% | ||
| Q2 24 | 3.3% | 0.1% |
现金转化率BBWIROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | 1.34× | ||
| Q3 25 | -0.67× | 5.14× | ||
| Q2 25 | 1.79× | 10.45× | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | — | ||
| Q2 24 | 0.87× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
