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贝壳控股（BEKE）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
Ross Stores的季度营收约是贝壳控股的1.7倍（$5.6B vs $3.2B），Ross Stores净利率更高（9.1% vs 3.2%，领先5.9%），过去两年贝壳控股的营收复合增速更高（9.8% vs -3.6%）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
BEKE vs ROST — 直观对比
营收规模更大
ROST
是对方的1.7倍
$3.2B
净利率更高
ROST
高出5.9%
3.2%
两年增速更快
BEKE
近两年复合增速
-3.6%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $5.6B |
| 净利润 | $104.9M | $511.9M |
| 毛利率 | 21.4% | 28.0% |
| 营业利润率 | 2.6% | 11.6% |
| 净利率 | 3.2% | 9.1% |
| 营收同比 | — | 10.4% |
| 净利润同比 | — | 4.7% |
| 每股收益（稀释后） | — | $1.58 |
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BEKEROST
| Q4 25 | $3.2B | $5.6B | ||
| Q3 25 | $3.6B | $5.5B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | $3.2B | $5.9B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | $3.2B | $5.3B | ||
| Q2 24 | $3.2B | $4.9B | ||
| Q1 24 | $2.3B | $6.0B |
净利润BEKEROST
| Q4 25 | $104.9M | $511.9M | ||
| Q3 25 | $182.4M | $508.0M | ||
| Q2 25 | — | $479.2M | ||
| Q1 25 | $117.9M | $586.8M | ||
| Q4 24 | — | $488.8M | ||
| Q3 24 | $166.5M | $527.1M | ||
| Q2 24 | $261.5M | $488.0M | ||
| Q1 24 | $59.8M | $609.7M |
毛利率BEKEROST
| Q4 25 | 21.4% | 28.0% | ||
| Q3 25 | 21.9% | 27.6% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | 20.7% | 26.5% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | 22.7% | 28.3% | ||
| Q2 24 | 27.9% | 28.1% | ||
| Q1 24 | 25.2% | 27.3% |
营业利润率BEKEROST
| Q4 25 | 2.6% | 11.6% | ||
| Q3 25 | 4.1% | 11.5% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | 2.5% | 12.4% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | 3.2% | 12.5% | ||
| Q2 24 | 8.6% | 12.2% | ||
| Q1 24 | 0.1% | 13.2% |
净利率BEKEROST
| Q4 25 | 3.2% | 9.1% | ||
| Q3 25 | 5.0% | 9.2% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | 3.7% | 9.9% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 5.2% | 10.0% | ||
| Q2 24 | 8.1% | 10.0% | ||
| Q1 24 | 2.6% | 10.1% |
每股收益（稀释后）BEKEROST
| Q4 25 | — | $1.58 | ||
| Q3 25 | — | $1.56 | ||
| Q2 25 | — | $1.47 | ||
| Q1 25 | — | $1.79 | ||
| Q4 24 | — | $1.48 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $1.46 | ||
| Q1 24 | — | $1.82 |
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 | $1.3B | $4.1B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | — | $5.9B |
| 总资产 | $16.8B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资BEKEROST
| Q4 25 | $1.3B | $4.1B | ||
| Q3 25 | $1.6B | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $1.4B | $4.7B | ||
| Q2 24 | $1.3B | $4.7B | ||
| Q1 24 | $2.5B | $4.9B |
总债务BEKEROST
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益BEKEROST
| Q4 25 | — | $5.9B | ||
| Q3 25 | $9.6B | $5.7B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | $9.5B | $5.5B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $10.1B | $5.1B | ||
| Q2 24 | $9.7B | $4.9B | ||
| Q1 24 | $9.6B | $4.9B |
总资产BEKEROST
| Q4 25 | $16.8B | $15.4B | ||
| Q3 25 | $17.3B | $14.5B | ||
| Q2 25 | — | $14.3B | ||
| Q1 25 | $18.0B | $14.9B | ||
| Q4 24 | — | $14.9B | ||
| Q3 24 | $17.5B | $14.7B | ||
| Q2 24 | $16.9B | $14.5B | ||
| Q1 24 | $16.5B | $14.3B |
负债/权益比BEKEROST
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.51× |
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 | — | $827.1M |
| 自由现金流经营现金流 - 资本支出 | — | $617.8M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流BEKEROST
| Q4 25 | — | $827.1M | ||
| Q3 25 | — | $668.4M | ||
| Q2 25 | — | $409.7M | ||
| Q1 25 | $-546.4M | $882.6M | ||
| Q4 24 | — | $513.4M | ||
| Q3 24 | $64.0M | $592.1M | ||
| Q2 24 | — | $368.9M | ||
| Q1 24 | — | $948.8M |
自由现金流BEKEROST
| Q4 25 | — | $617.8M | ||
| Q3 25 | — | $466.6M | ||
| Q2 25 | — | $202.3M | ||
| Q1 25 | — | $676.6M | ||
| Q4 24 | — | $333.0M | ||
| Q3 24 | — | $394.6M | ||
| Q2 24 | — | $232.7M | ||
| Q1 24 | — | $726.4M |
自由现金流率BEKEROST
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 4.8% | ||
| Q1 24 | — | 12.1% |
资本支出强度BEKEROST
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.7% |
现金转化率BEKEROST
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | -4.64× | 1.50× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | 0.38× | 1.12× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 1.56× |
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
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
ROST
暂无分部数据
