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Bath & Body Works, Inc.（BBWI）与TRINET GROUP, INC.（TNET）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TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），Bath & Body Works, Inc.同比增速更快（-1.0% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-1.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% 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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
BBWI vs TNET — 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1.2%
-2.2%
自由现金流更多
TNET
多$44.0M
$-1.0M
两年增速更快
TNET
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 | — |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.1% | 0.1% |
| 净利率 | 4.8% | — |
| 营收同比 | -1.0% | -2.2% |
| 净利润同比 | -27.4% | — |
| 每股收益（稀释后） | $0.37 | $0.02 |
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BBWITNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $2.9B | $1.3B |
净利润BBWITNET
| Q4 25 | $77.0M | — | ||
| Q3 25 | $64.0M | $34.0M | ||
| Q2 25 | $105.0M | $37.0M | ||
| Q1 25 | $453.0M | $85.0M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $152.0M | $45.0M | ||
| Q2 24 | $87.0M | $60.0M | ||
| Q1 24 | $579.0M | $91.0M |
毛利率BBWITNET
| 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BBWITNET
| Q4 25 | 10.1% | 0.1% | ||
| Q3 25 | 10.1% | 4.1% | ||
| Q2 25 | 14.7% | 4.1% | ||
| Q1 25 | 24.3% | 8.9% | ||
| Q4 24 | 13.5% | -2.9% | ||
| Q3 24 | 12.0% | 4.7% | ||
| Q2 24 | 13.5% | 6.5% | ||
| Q1 24 | 23.9% | 9.7% |
净利率BBWITNET
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.1% | 2.8% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 16.3% | 6.6% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 10.0% | 3.6% | ||
| Q2 24 | 6.3% | 4.9% | ||
| Q1 24 | 19.9% | 7.2% |
每股收益（稀释后）BBWITNET
| Q4 25 | $0.37 | $0.02 | ||
| Q3 25 | $0.30 | $0.70 | ||
| Q2 25 | $0.49 | $0.77 | ||
| Q1 25 | $2.06 | $1.71 | ||
| Q4 24 | $0.49 | $-0.44 | ||
| Q3 24 | $0.68 | $0.89 | ||
| Q2 24 | $0.38 | $1.20 | ||
| Q1 24 | $2.54 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $-1.6B | $54.0M |
| 总资产 | $5.0B | $3.8B |
| 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BBWITNET
| Q4 25 | $236.0M | $287.0M | ||
| Q3 25 | $364.0M | $321.0M | ||
| Q2 25 | $636.0M | $407.0M | ||
| Q1 25 | $674.0M | $349.0M | ||
| Q4 24 | $191.0M | $360.0M | ||
| Q3 24 | $514.0M | $301.0M | ||
| Q2 24 | $855.0M | $249.0M | ||
| Q1 24 | $1.1B | $383.0M |
总债务BBWITNET
| 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 | — | ||
| Q1 24 | $4.4B | — |
股东权益BBWITNET
| Q4 25 | $-1.6B | $54.0M | ||
| Q3 25 | $-1.5B | $110.0M | ||
| Q2 25 | $-1.5B | $107.0M | ||
| Q1 25 | $-1.4B | $63.0M | ||
| Q4 24 | $-1.7B | $69.0M | ||
| Q3 24 | $-1.7B | $129.0M | ||
| Q2 24 | $-1.7B | $100.0M | ||
| Q1 24 | $-1.6B | $143.0M |
总资产BBWITNET
| Q4 25 | $5.0B | $3.8B | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.9B | $3.7B | ||
| Q1 25 | $4.9B | $3.8B | ||
| Q4 24 | $5.0B | $4.1B | ||
| Q3 24 | $4.9B | $3.7B | ||
| Q2 24 | $5.2B | $3.7B | ||
| Q1 24 | $5.5B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -0.1% | 3.4% |
| 资本支出强度资本支出/营收 | 5.1% | 1.4% |
| 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 | $234.0M |
8季度趋势，按日历期对齐
经营现金流BBWITNET
| Q4 25 | $80.0M | $61.0M | ||
| Q3 25 | $-43.0M | $72.0M | ||
| Q2 25 | $188.0M | $75.0M | ||
| Q1 25 | $955.0M | $95.0M | ||
| Q4 24 | $-99.0M | $65.0M | ||
| Q3 24 | $-46.0M | $84.0M | ||
| Q2 24 | $76.0M | $39.0M | ||
| Q1 24 | $926.0M | $91.0M |
自由现金流BBWITNET
| Q4 25 | $-1.0M | $43.0M | ||
| Q3 25 | $-99.0M | $55.0M | ||
| Q2 25 | $151.0M | $57.0M | ||
| Q1 25 | $895.0M | $79.0M | ||
| Q4 24 | $-164.0M | $47.0M | ||
| Q3 24 | $-101.0M | $59.0M | ||
| Q2 24 | $30.0M | $22.0M | ||
| Q1 24 | $878.0M | $73.0M |
自由现金流率BBWITNET
| Q4 25 | -0.1% | 3.4% | ||
| Q3 25 | -6.4% | 4.5% | ||
| Q2 25 | 10.6% | 4.6% | ||
| Q1 25 | 32.1% | 6.1% | ||
| Q4 24 | -10.2% | 3.7% | ||
| Q3 24 | -6.6% | 4.8% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 30.2% | 5.8% |
资本支出强度BBWITNET
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 3.6% | 1.4% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 4.0% | 1.4% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 3.3% | 1.4% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率BBWITNET
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | 2.12× | ||
| Q2 25 | 1.79× | 2.03× | ||
| Q1 25 | 2.11× | 1.12× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | 1.87× | ||
| Q2 24 | 0.87× | 0.65× | ||
| Q1 24 | 1.60× | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
