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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与CarMax（KMX）财务数据对比。点击上方公司名可切换其他公司
CarMax的季度营收约是BRIGHT HORIZONS FAMILY SOLUTIONS INC.的7.9倍（$5.8B vs $733.7M）。BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs -6.9%）。CarMax自由现金流更多（$1.1B vs $258.5M）。过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 1.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
CarMax是美国知名二手车零售企业，下设两大业务板块：零售运营业务与汽车金融服务。该品牌最初是电路城公司的副业项目，1993年9月在弗吉尼亚州里士满开设首家门店，截至2025年1月在全美共运营253家线下门店。
BFAM vs KMX — 直观对比
营收规模更大
KMX
是对方的7.9倍
$733.7M
营收增速更快
BFAM
高出15.7%
-6.9%
自由现金流更多
KMX
多$854.8M
$258.5M
两年增速更快
BFAM
近两年复合增速
1.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $5.8B |
| 净利润 | — | $62.2M |
| 毛利率 | 19.3% | 10.2% |
| 营业利润率 | 6.2% | — |
| 净利率 | — | 1.1% |
| 营收同比 | 8.8% | -6.9% |
| 净利润同比 | — | -50.4% |
| 每股收益（稀释后） | $0.38 | $0.43 |
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BFAMKMX
| Q4 25 | $733.7M | $5.8B | ||
| Q3 25 | $802.8M | $6.6B | ||
| Q2 25 | $731.6M | $7.5B | ||
| Q1 25 | $665.5M | $6.0B | ||
| Q4 24 | $674.1M | $6.2B | ||
| Q3 24 | $719.1M | $7.0B | ||
| Q2 24 | $670.1M | $7.1B | ||
| Q1 24 | $622.7M | $5.6B |
净利润BFAMKMX
| Q4 25 | — | $62.2M | ||
| Q3 25 | $78.6M | $95.4M | ||
| Q2 25 | $54.8M | $210.4M | ||
| Q1 25 | $38.0M | $89.9M | ||
| Q4 24 | — | $125.4M | ||
| Q3 24 | $54.9M | $132.8M | ||
| Q2 24 | $39.2M | $152.4M | ||
| Q1 24 | $17.0M | $50.3M |
毛利率BFAMKMX
| Q4 25 | 19.3% | 10.2% | ||
| Q3 25 | 27.0% | 10.9% | ||
| Q2 25 | 25.0% | 11.8% | ||
| Q1 25 | 23.4% | 11.1% | ||
| Q4 24 | 20.8% | 10.9% | ||
| Q3 24 | 25.2% | 10.8% | ||
| Q2 24 | 24.2% | 11.1% | ||
| Q1 24 | 21.7% | 10.4% |
营业利润率BFAMKMX
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 9.4% | 2.0% | ||
| Q4 24 | 7.2% | 2.7% | ||
| Q3 24 | 12.4% | 2.5% | ||
| Q2 24 | 10.3% | 2.9% | ||
| Q1 24 | 6.4% | 1.2% |
净利率BFAMKMX
| Q4 25 | — | 1.1% | ||
| Q3 25 | 9.8% | 1.4% | ||
| Q2 25 | 7.5% | 2.8% | ||
| Q1 25 | 5.7% | 1.5% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 7.6% | 1.9% | ||
| Q2 24 | 5.8% | 2.1% | ||
| Q1 24 | 2.7% | 0.9% |
每股收益（稀释后）BFAMKMX
| Q4 25 | $0.38 | $0.43 | ||
| Q3 25 | $1.37 | $0.64 | ||
| Q2 25 | $0.95 | $1.38 | ||
| Q1 25 | $0.66 | $0.58 | ||
| Q4 24 | $0.50 | $0.81 | ||
| Q3 24 | $0.94 | $0.85 | ||
| Q2 24 | $0.67 | $0.97 | ||
| Q1 24 | $0.29 | $0.31 |
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 | $140.1M | $204.9M |
| 总债务越低越好 | $747.6M | $16.6B |
| 股东权益账面价值 | $1.3B | $6.1B |
| 总资产 | $3.9B | $25.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 2.74× |
8季度趋势，按日历期对齐
现金及短期投资BFAMKMX
| Q4 25 | $140.1M | $204.9M | ||
| Q3 25 | $116.6M | $540.4M | ||
| Q2 25 | $179.2M | $262.8M | ||
| Q1 25 | $112.0M | $247.0M | ||
| Q4 24 | $110.3M | $271.9M | ||
| Q3 24 | $109.9M | $524.7M | ||
| Q2 24 | $140.2M | $218.9M | ||
| Q1 24 | $63.7M | $574.1M |
总债务BFAMKMX
| Q4 25 | $747.6M | $16.6B | ||
| Q3 25 | $747.5M | $17.8B | ||
| Q2 25 | $797.0M | $18.0B | ||
| Q1 25 | $872.7M | $18.1B | ||
| Q4 24 | $918.4M | $18.1B | ||
| Q3 24 | $925.7M | $18.1B | ||
| Q2 24 | $931.9M | $18.2B | ||
| Q1 24 | $938.1M | $18.0B |
股东权益BFAMKMX
| Q4 25 | $1.3B | $6.1B | ||
| Q3 25 | $1.4B | $6.2B | ||
| Q2 25 | $1.4B | $6.3B | ||
| Q1 25 | $1.3B | $6.2B | ||
| Q4 24 | $1.3B | $6.2B | ||
| Q3 24 | $1.4B | $6.2B | ||
| Q2 24 | $1.3B | $6.2B | ||
| Q1 24 | $1.2B | $6.1B |
总资产BFAMKMX
| Q4 25 | $3.9B | $25.6B | ||
| Q3 25 | $3.9B | $27.1B | ||
| Q2 25 | $3.9B | $27.4B | ||
| Q1 25 | $3.8B | $27.4B | ||
| Q4 24 | $3.9B | $27.3B | ||
| Q3 24 | $3.9B | $27.3B | ||
| Q2 24 | $3.8B | $27.2B | ||
| Q1 24 | $3.8B | $27.2B |
负债/权益比BFAMKMX
| Q4 25 | 0.56× | 2.74× | ||
| Q3 25 | 0.52× | 2.87× | ||
| Q2 25 | 0.57× | 2.86× | ||
| Q1 25 | 0.66× | 2.91× | ||
| Q4 24 | 0.72× | 2.92× | ||
| Q3 24 | 0.66× | 2.93× | ||
| Q2 24 | 0.73× | 2.95× | ||
| Q1 24 | 0.76× | 2.96× |
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 | $350.7M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $1.1B |
| 自由现金流率自由现金流/营收 | 35.2% | 19.2% |
| 资本支出强度资本支出/营收 | 12.6% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 20.14× |
| 过去12个月自由现金流最近4个季度 | $402.4M | $1.9B |
8季度趋势，按日历期对齐
经营现金流BFAMKMX
| Q4 25 | $350.7M | $1.3B | ||
| Q3 25 | $-17.6M | $785.5M | ||
| Q2 25 | $134.2M | $299.5M | ||
| Q1 25 | $86.2M | $146.4M | ||
| Q4 24 | $337.5M | $-23.4M | ||
| Q3 24 | $-8.9M | $619.1M | ||
| Q2 24 | $109.4M | $-117.7M | ||
| Q1 24 | $116.3M | $309.6M |
自由现金流BFAMKMX
| Q4 25 | $258.5M | $1.1B | ||
| Q3 25 | $-42.4M | $654.0M | ||
| Q2 25 | $115.4M | $162.8M | ||
| Q1 25 | $70.9M | $18.8M | ||
| Q4 24 | $240.2M | $-150.6M | ||
| Q3 24 | $-32.2M | $509.9M | ||
| Q2 24 | $86.8M | $-221.6M | ||
| Q1 24 | $96.9M | $199.8M |
自由现金流率BFAMKMX
| Q4 25 | 35.2% | 19.2% | ||
| Q3 25 | -5.3% | 9.9% | ||
| Q2 25 | 15.8% | 2.2% | ||
| Q1 25 | 10.7% | 0.3% | ||
| Q4 24 | 35.6% | -2.4% | ||
| Q3 24 | -4.5% | 7.3% | ||
| Q2 24 | 13.0% | -3.1% | ||
| Q1 24 | 15.6% | 3.6% |
资本支出强度BFAMKMX
| Q4 25 | 12.6% | 2.4% | ||
| Q3 25 | 3.1% | 2.0% | ||
| Q2 25 | 2.6% | 1.8% | ||
| Q1 25 | 2.3% | 2.1% | ||
| Q4 24 | 14.4% | 2.0% | ||
| Q3 24 | 3.2% | 1.6% | ||
| Q2 24 | 3.4% | 1.5% | ||
| Q1 24 | 3.1% | 2.0% |
现金转化率BFAMKMX
| Q4 25 | — | 20.14× | ||
| Q3 25 | -0.22× | 8.24× | ||
| Q2 25 | 2.45× | 1.42× | ||
| Q1 25 | 2.26× | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | -0.16× | 4.66× | ||
| Q2 24 | 2.79× | -0.77× | ||
| Q1 24 | 6.85× | 6.16× |
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
BFAM
暂无分部数据
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
