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百思买（BBY）与HNI CORP（HNI）财务数据对比。点击上方公司名可切换其他公司
百思买的季度营收约是HNI CORP的14.1倍（$9.7B vs $683.8M），HNI CORP净利率更高（6.0% vs 1.4%，领先4.6%），百思买同比增速更快（2.4% vs 1.7%），HNI CORP自由现金流更多（$135.6M vs $-287.0M），过去两年HNI CORP的营收复合增速更高（0.3% vs -18.7%）
百思买是总部位于美国明尼苏达州里奇菲尔德的跨国消费电子零售商，1966年由理查德·舒尔茨与詹姆斯·惠勒创立，最初是名为「音乐之声」的音频产品专卖店，1983年正式启用现名，业务重心转向消费电子零售领域。
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
BBY vs HNI — 直观对比
营收规模更大
BBY
是对方的14.1倍
$683.8M
营收增速更快
BBY
高出0.7%
1.7%
净利率更高
HNI
高出4.6%
1.4%
自由现金流更多
HNI
多$422.6M
$-287.0M
两年增速更快
HNI
近两年复合增速
-18.7%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.7B | $683.8M |
| 净利润 | $140.0M | $41.2M |
| 毛利率 | 23.2% | 42.1% |
| 营业利润率 | 2.0% | 9.4% |
| 净利率 | 1.4% | 6.0% |
| 营收同比 | 2.4% | 1.7% |
| 净利润同比 | -48.7% | -13.3% |
| 每股收益（稀释后） | $0.66 | $0.88 |
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BBYHNI
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.4B | $683.8M | ||
| Q2 25 | $8.8B | $667.1M | ||
| Q1 25 | $13.9B | $599.8M | ||
| Q4 24 | $9.4B | $642.5M | ||
| Q3 24 | $9.3B | $672.2M | ||
| Q2 24 | $8.8B | $623.7M | ||
| Q1 24 | $14.6B | $588.0M |
净利润BBYHNI
| Q4 25 | $140.0M | — | ||
| Q3 25 | $186.0M | $41.2M | ||
| Q2 25 | $202.0M | $48.2M | ||
| Q1 25 | $117.0M | $13.9M | ||
| Q4 24 | $273.0M | $38.3M | ||
| Q3 24 | $291.0M | $47.5M | ||
| Q2 24 | $246.0M | $36.0M | ||
| Q1 24 | $460.0M | $17.7M |
毛利率BBYHNI
| Q4 25 | 23.2% | — | ||
| Q3 25 | 23.2% | 42.1% | ||
| Q2 25 | 23.4% | 42.9% | ||
| Q1 25 | 20.9% | 39.7% | ||
| Q4 24 | 23.5% | 40.5% | ||
| Q3 24 | 23.5% | 41.5% | ||
| Q2 24 | 23.3% | 41.9% | ||
| Q1 24 | 20.5% | 39.6% |
营业利润率BBYHNI
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | 9.4% | ||
| Q2 25 | 2.5% | 10.2% | ||
| Q1 25 | 1.6% | 4.1% | ||
| Q4 24 | 3.7% | 8.5% | ||
| Q3 24 | 4.1% | 10.2% | ||
| Q2 24 | 3.5% | 8.6% | ||
| Q1 24 | 3.8% | 5.1% |
净利率BBYHNI
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.0% | 6.0% | ||
| Q2 25 | 2.3% | 7.2% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 2.9% | 6.0% | ||
| Q3 24 | 3.1% | 7.1% | ||
| Q2 24 | 2.8% | 5.8% | ||
| Q1 24 | 3.1% | 3.0% |
每股收益（稀释后）BBYHNI
| Q4 25 | $0.66 | — | ||
| Q3 25 | $0.87 | $0.88 | ||
| Q2 25 | $0.95 | $1.02 | ||
| Q1 25 | $0.55 | $0.29 | ||
| Q4 24 | $1.26 | $0.78 | ||
| Q3 24 | $1.34 | $0.98 | ||
| Q2 24 | $1.13 | $0.75 | ||
| Q1 24 | $2.11 | $0.37 |
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 | $923.0M | $28.1M |
| 总债务越低越好 | $1.2B | $324.2M |
| 股东权益账面价值 | $2.7B | $835.9M |
| 总资产 | $16.8B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资BBYHNI
| Q4 25 | $923.0M | — | ||
| Q3 25 | $1.5B | $28.1M | ||
| Q2 25 | $1.1B | $38.2M | ||
| Q1 25 | $1.6B | $27.5M | ||
| Q4 24 | $643.0M | $28.9M | ||
| Q3 24 | $1.4B | $40.2M | ||
| Q2 24 | $1.2B | $33.5M | ||
| Q1 24 | $1.4B | $32.5M |
总债务BBYHNI
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $324.2M | ||
| Q2 25 | $1.2B | $444.4M | ||
| Q1 25 | $1.2B | $404.7M | ||
| Q4 24 | $1.2B | $344.6M | ||
| Q3 24 | $1.2B | $345.4M | ||
| Q2 24 | $1.1B | $462.3M | ||
| Q1 24 | $1.2B | $473.0M |
股东权益BBYHNI
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $835.9M | ||
| Q2 25 | $2.8B | $811.0M | ||
| Q1 25 | $2.8B | $803.6M | ||
| Q4 24 | $3.1B | $840.1M | ||
| Q3 24 | $3.1B | $846.6M | ||
| Q2 24 | $3.1B | $787.8M | ||
| Q1 24 | $3.1B | $771.5M |
总资产BBYHNI
| Q4 25 | $16.8B | — | ||
| Q3 25 | $15.3B | $1.8B | ||
| Q2 25 | $14.1B | $1.9B | ||
| Q1 25 | $14.8B | $1.9B | ||
| Q4 24 | $17.0B | $1.9B | ||
| Q3 24 | $15.6B | $1.9B | ||
| Q2 24 | $14.8B | $1.9B | ||
| Q1 24 | $15.0B | $1.9B |
负债/权益比BBYHNI
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.43× | 0.39× | ||
| Q2 25 | 0.42× | 0.55× | ||
| Q1 25 | 0.41× | 0.50× | ||
| Q4 24 | 0.38× | 0.41× | ||
| Q3 24 | 0.38× | 0.41× | ||
| Q2 24 | 0.37× | 0.59× | ||
| Q1 24 | 0.38× | 0.61× |
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 | $-99.0M | $155.2M |
| 自由现金流经营现金流 - 资本支出 | $-287.0M | $135.6M |
| 自由现金流率自由现金流/营收 | -3.0% | 19.8% |
| 资本支出强度资本支出/营收 | 1.9% | 2.9% |
| 现金转化率经营现金流/净利润 | -0.71× | 3.77× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $189.5M |
8季度趋势，按日历期对齐
经营现金流BBYHNI
| Q4 25 | $-99.0M | — | ||
| Q3 25 | $749.0M | $155.2M | ||
| Q2 25 | $34.0M | $31.1M | ||
| Q1 25 | $1.5B | $12.6M | ||
| Q4 24 | $-256.0M | $51.2M | ||
| Q3 24 | $661.0M | $128.5M | ||
| Q2 24 | $156.0M | $51.3M | ||
| Q1 24 | $1.2B | $-4.3M |
自由现金流BBYHNI
| Q4 25 | $-287.0M | — | ||
| Q3 25 | $574.0M | $135.6M | ||
| Q2 25 | $-132.0M | $16.1M | ||
| Q1 25 | $1.4B | $-3.7M | ||
| Q4 24 | $-449.0M | $41.5M | ||
| Q3 24 | $478.0M | $114.0M | ||
| Q2 24 | $4.0M | $33.8M | ||
| Q1 24 | $997.0M | $-15.5M |
自由现金流率BBYHNI
| Q4 25 | -3.0% | — | ||
| Q3 25 | 6.1% | 19.8% | ||
| Q2 25 | -1.5% | 2.4% | ||
| Q1 25 | 9.7% | -0.6% | ||
| Q4 24 | -4.8% | 6.5% | ||
| Q3 24 | 5.1% | 17.0% | ||
| Q2 24 | 0.0% | 5.4% | ||
| Q1 24 | 6.8% | -2.6% |
资本支出强度BBYHNI
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.9% | 2.9% | ||
| Q2 25 | 1.9% | 2.2% | ||
| Q1 25 | 1.3% | 2.7% | ||
| Q4 24 | 2.0% | 1.5% | ||
| Q3 24 | 2.0% | 2.2% | ||
| Q2 24 | 1.7% | 2.8% | ||
| Q1 24 | 1.2% | 1.9% |
现金转化率BBYHNI
| Q4 25 | -0.71× | — | ||
| Q3 25 | 4.03× | 3.77× | ||
| Q2 25 | 0.17× | 0.65× | ||
| Q1 25 | 13.14× | 0.91× | ||
| Q4 24 | -0.94× | 1.34× | ||
| Q3 24 | 2.27× | 2.71× | ||
| Q2 24 | 0.63× | 1.43× | ||
| Q1 24 | 2.57× | -0.24× |
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
BBY
| Computing And Mobile Phones | $4.4B | 45% |
| Consumer Electronics | $2.4B | 24% |
| Appliances | $965.0M | 10% |
| Other | $794.0M | 8% |
| Services | $591.0M | 6% |
| Entertainment | $543.0M | 6% |
| Other Segment | $60.0M | 1% |
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
