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Bath & Body Works, Inc.（BBWI）与RXO, Inc.（RXO）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RXO, Inc.的1.1倍（$1.6B vs $1.5B），Bath & Body Works, Inc.净利率更高（4.8% vs -3.1%，领先8.0%），Bath & Body Works, Inc.同比增速更快（-1.0% vs -11.9%），Bath & Body Works, Inc.自由现金流更多（$-1.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
BBWI vs RXO — 直观对比
营收规模更大
BBWI
是对方的1.1倍
$1.5B
营收增速更快
BBWI
高出10.9%
-11.9%
净利率更高
BBWI
高出8.0%
-3.1%
自由现金流更多
BBWI
多$8.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.5B |
| 净利润 | $77.0M | $-46.0M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.1% | -2.9% |
| 净利率 | 4.8% | -3.1% |
| 营收同比 | -1.0% | -11.9% |
| 净利润同比 | -27.4% | -84.0% |
| 每股收益（稀释后） | $0.37 | $-0.28 |
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BBWIRXO
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | $2.9B | $913.0M |
净利润BBWIRXO
| Q4 25 | $77.0M | $-46.0M | ||
| Q3 25 | $64.0M | $-14.0M | ||
| Q2 25 | $105.0M | $-9.0M | ||
| Q1 25 | $453.0M | $-31.0M | ||
| Q4 24 | $106.0M | $-25.0M | ||
| Q3 24 | $152.0M | $-243.0M | ||
| Q2 24 | $87.0M | $-7.0M | ||
| Q1 24 | $579.0M | $-15.0M |
毛利率BBWIRXO
| 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BBWIRXO
| Q4 25 | 10.1% | -2.9% | ||
| Q3 25 | 10.1% | -0.5% | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 24.3% | -2.1% | ||
| Q4 24 | 13.5% | -1.4% | ||
| Q3 24 | 12.0% | -1.9% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 23.9% | -1.3% |
净利率BBWIRXO
| Q4 25 | 4.8% | -3.1% | ||
| Q3 25 | 4.1% | -1.0% | ||
| Q2 25 | 7.4% | -0.6% | ||
| Q1 25 | 16.3% | -2.2% | ||
| Q4 24 | 6.6% | -1.5% | ||
| Q3 24 | 10.0% | -23.4% | ||
| Q2 24 | 6.3% | -0.8% | ||
| Q1 24 | 19.9% | -1.6% |
每股收益（稀释后）BBWIRXO
| Q4 25 | $0.37 | $-0.28 | ||
| Q3 25 | $0.30 | $-0.08 | ||
| Q2 25 | $0.49 | $-0.05 | ||
| Q1 25 | $2.06 | $-0.18 | ||
| Q4 24 | $0.49 | $-0.17 | ||
| Q3 24 | $0.68 | $-1.81 | ||
| Q2 24 | $0.38 | $-0.06 | ||
| Q1 24 | $2.54 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $3.9B | $387.0M |
| 股东权益账面价值 | $-1.6B | $1.5B |
| 总资产 | $5.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BBWIRXO
| Q4 25 | $236.0M | $17.0M | ||
| Q3 25 | $364.0M | $25.0M | ||
| Q2 25 | $636.0M | $18.0M | ||
| Q1 25 | $674.0M | $16.0M | ||
| Q4 24 | $191.0M | $35.0M | ||
| Q3 24 | $514.0M | $55.0M | ||
| Q2 24 | $855.0M | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
总债务BBWIRXO
| Q4 25 | $3.9B | $387.0M | ||
| Q3 25 | $3.9B | $387.0M | ||
| Q2 25 | $3.9B | $387.0M | ||
| Q1 25 | $3.9B | $387.0M | ||
| Q4 24 | $4.2B | $351.0M | ||
| Q3 24 | $4.2B | $352.0M | ||
| Q2 24 | $4.3B | $370.0M | ||
| Q1 24 | $4.4B | $351.0M |
股东权益BBWIRXO
| Q4 25 | $-1.6B | $1.5B | ||
| Q3 25 | $-1.5B | $1.6B | ||
| Q2 25 | $-1.5B | $1.6B | ||
| Q1 25 | $-1.4B | $1.6B | ||
| Q4 24 | $-1.7B | $1.6B | ||
| Q3 24 | $-1.7B | $1.7B | ||
| Q2 24 | $-1.7B | $579.0M | ||
| Q1 24 | $-1.6B | $582.0M |
总资产BBWIRXO
| Q4 25 | $5.0B | $3.3B | ||
| Q3 25 | $4.8B | $3.2B | ||
| Q2 25 | $4.9B | $3.2B | ||
| Q1 25 | $4.9B | $3.3B | ||
| Q4 24 | $5.0B | $3.4B | ||
| Q3 24 | $4.9B | $3.4B | ||
| Q2 24 | $5.2B | $1.8B | ||
| Q1 24 | $5.5B | $1.8B |
负债/权益比BBWIRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | -0.1% | -0.6% |
| 资本支出强度资本支出/营收 | 5.1% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流BBWIRXO
| Q4 25 | $80.0M | $7.0M | ||
| Q3 25 | $-43.0M | $23.0M | ||
| Q2 25 | $188.0M | $23.0M | ||
| Q1 25 | $955.0M | $-2.0M | ||
| Q4 24 | $-99.0M | $-7.0M | ||
| Q3 24 | $-46.0M | $-7.0M | ||
| Q2 24 | $76.0M | $-5.0M | ||
| Q1 24 | $926.0M | $7.0M |
自由现金流BBWIRXO
| Q4 25 | $-1.0M | $-9.0M | ||
| Q3 25 | $-99.0M | $9.0M | ||
| Q2 25 | $151.0M | $9.0M | ||
| Q1 25 | $895.0M | $-17.0M | ||
| Q4 24 | $-164.0M | $-19.0M | ||
| Q3 24 | $-101.0M | $-18.0M | ||
| Q2 24 | $30.0M | $-16.0M | ||
| Q1 24 | $878.0M | $-4.0M |
自由现金流率BBWIRXO
| Q4 25 | -0.1% | -0.6% | ||
| Q3 25 | -6.4% | 0.6% | ||
| Q2 25 | 10.6% | 0.6% | ||
| Q1 25 | 32.1% | -1.2% | ||
| Q4 24 | -10.2% | -1.1% | ||
| Q3 24 | -6.6% | -1.7% | ||
| Q2 24 | 2.2% | -1.7% | ||
| Q1 24 | 30.2% | -0.4% |
资本支出强度BBWIRXO
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 4.0% | 0.7% | ||
| Q3 24 | 3.6% | 1.1% | ||
| Q2 24 | 3.3% | 1.2% | ||
| Q1 24 | 1.6% | 1.2% |
现金转化率BBWIRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
