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Bath & Body Works, Inc.（BBWI）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
Bath & Body Works, Inc.的季度营收约是天宝的1.6倍（$1.6B vs $969.8M），天宝净利率更高（16.1% vs 4.8%，领先11.3%），Bath & Body Works, Inc.同比增速更快（-1.0% vs -73.7%），天宝自由现金流更多（$360.9M vs $-1.0M），过去两年天宝的营收复合增速更高（0.9% 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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
BBWI vs TRMB — 直观对比
营收规模更大
BBWI
是对方的1.6倍
$969.8M
营收增速更快
BBWI
高出72.7%
-73.7%
净利率更高
TRMB
高出11.3%
4.8%
自由现金流更多
TRMB
多$361.9M
$-1.0M
两年增速更快
TRMB
近两年复合增速
-26.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $969.8M |
| 净利润 | $77.0M | $156.6M |
| 毛利率 | 41.3% | 72.0% |
| 营业利润率 | 10.1% | 22.3% |
| 净利率 | 4.8% | 16.1% |
| 营收同比 | -1.0% | -73.7% |
| 净利润同比 | -27.4% | 73.6% |
| 每股收益（稀释后） | $0.37 | $0.65 |
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BBWITRMB
| Q4 25 | $1.6B | $901.2M | ||
| Q3 25 | $1.5B | $875.7M | ||
| Q2 25 | $1.4B | $840.6M | ||
| Q1 25 | $2.8B | $983.4M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $875.8M | ||
| Q2 24 | $1.4B | $870.8M | ||
| Q1 24 | $2.9B | $953.3M |
净利润BBWITRMB
| Q4 25 | $77.0M | $111.5M | ||
| Q3 25 | $64.0M | $89.2M | ||
| Q2 25 | $105.0M | $66.7M | ||
| Q1 25 | $453.0M | $90.2M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $152.0M | $40.6M | ||
| Q2 24 | $87.0M | $1.3B | ||
| Q1 24 | $579.0M | $57.2M |
毛利率BBWITRMB
| Q4 25 | 41.3% | 68.9% | ||
| Q3 25 | 41.3% | 68.3% | ||
| Q2 25 | 45.4% | 66.7% | ||
| Q1 25 | 46.7% | 69.3% | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | 65.7% | ||
| Q2 24 | 43.8% | 62.7% | ||
| Q1 24 | 45.9% | 62.3% |
营业利润率BBWITRMB
| Q4 25 | 10.1% | 16.7% | ||
| Q3 25 | 10.1% | 14.6% | ||
| Q2 25 | 14.7% | 11.6% | ||
| Q1 25 | 24.3% | 17.6% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 12.0% | 13.3% | ||
| Q2 24 | 13.5% | 7.1% | ||
| Q1 24 | 23.9% | 11.5% |
净利率BBWITRMB
| Q4 25 | 4.8% | 12.4% | ||
| Q3 25 | 4.1% | 10.2% | ||
| Q2 25 | 7.4% | 7.9% | ||
| Q1 25 | 16.3% | 9.2% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 10.0% | 4.6% | ||
| Q2 24 | 6.3% | 151.2% | ||
| Q1 24 | 19.9% | 6.0% |
每股收益（稀释后）BBWITRMB
| Q4 25 | $0.37 | $0.46 | ||
| Q3 25 | $0.30 | $0.37 | ||
| Q2 25 | $0.49 | $0.27 | ||
| Q1 25 | $2.06 | $0.36 | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.68 | $0.16 | ||
| Q2 24 | $0.38 | $5.34 | ||
| Q1 24 | $2.54 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | $3.9B | $1.4B |
| 股东权益账面价值 | $-1.6B | $5.8B |
| 总资产 | $5.0B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资BBWITRMB
| Q4 25 | $236.0M | $232.7M | ||
| Q3 25 | $364.0M | $265.9M | ||
| Q2 25 | $636.0M | $290.0M | ||
| Q1 25 | $674.0M | $738.8M | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $514.0M | $1.0B | ||
| Q2 24 | $855.0M | $944.1M | ||
| Q1 24 | $1.1B | $255.1M |
总债务BBWITRMB
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
股东权益BBWITRMB
| Q4 25 | $-1.6B | $5.8B | ||
| Q3 25 | $-1.5B | $5.7B | ||
| Q2 25 | $-1.5B | $5.4B | ||
| Q1 25 | $-1.4B | $5.7B | ||
| Q4 24 | $-1.7B | — | ||
| Q3 24 | $-1.7B | $5.9B | ||
| Q2 24 | $-1.7B | $5.6B | ||
| Q1 24 | $-1.6B | $4.3B |
总资产BBWITRMB
| Q4 25 | $5.0B | $9.0B | ||
| Q3 25 | $4.8B | $9.1B | ||
| Q2 25 | $4.9B | $8.9B | ||
| Q1 25 | $4.9B | $9.5B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.9B | $9.9B | ||
| Q2 24 | $5.2B | $9.6B | ||
| Q1 24 | $5.5B | $9.3B |
负债/权益比BBWITRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| 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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $360.9M |
| 自由现金流率自由现金流/营收 | -0.1% | 37.2% |
| 资本支出强度资本支出/营收 | 5.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.04× | 2.47× |
| 过去12个月自由现金流最近4个季度 | $946.0M | — |
8季度趋势，按日历期对齐
经营现金流BBWITRMB
| Q4 25 | $80.0M | — | ||
| Q3 25 | $-43.0M | $123.8M | ||
| Q2 25 | $188.0M | $155.6M | ||
| Q1 25 | $955.0M | $115.1M | ||
| Q4 24 | $-99.0M | — | ||
| Q3 24 | $-46.0M | $94.9M | ||
| Q2 24 | $76.0M | $87.6M | ||
| Q1 24 | $926.0M | $233.8M |
自由现金流BBWITRMB
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-99.0M | $116.6M | ||
| Q2 25 | $151.0M | $149.0M | ||
| Q1 25 | $895.0M | $109.0M | ||
| Q4 24 | $-164.0M | — | ||
| Q3 24 | $-101.0M | $88.5M | ||
| Q2 24 | $30.0M | $73.3M | ||
| Q1 24 | $878.0M | $227.0M |
自由现金流率BBWITRMB
| Q4 25 | -0.1% | — | ||
| Q3 25 | -6.4% | 13.3% | ||
| Q2 25 | 10.6% | 17.7% | ||
| Q1 25 | 32.1% | 11.1% | ||
| Q4 24 | -10.2% | — | ||
| Q3 24 | -6.6% | 10.1% | ||
| Q2 24 | 2.2% | 8.4% | ||
| Q1 24 | 30.2% | 23.8% |
资本支出强度BBWITRMB
| Q4 25 | 5.1% | — | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | 2.6% | 0.8% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.6% | 0.7% | ||
| Q2 24 | 3.3% | 1.6% | ||
| Q1 24 | 1.6% | 0.7% |
现金转化率BBWITRMB
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | 1.39× | ||
| Q2 25 | 1.79× | 2.33× | ||
| Q1 25 | 2.11× | 1.28× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -0.30× | 2.34× | ||
| Q2 24 | 0.87× | 0.07× | ||
| Q1 24 | 1.60× | 4.09× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
