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BJ's Wholesale Club Holdings, Inc.（BJ）与Entergy（ETR）财务数据对比。点击上方公司名可切换其他公司
BJ's Wholesale Club Holdings, Inc.的季度营收约是Entergy的1.8倍（$5.3B vs $3.0B），Entergy净利率更高（8.1% vs 2.8%，领先5.3%），Entergy同比增速更快（7.9% vs 4.9%），BJ's Wholesale Club Holdings, Inc.自由现金流更多（$-13.7M vs $-909.7M），过去两年Entergy的营收复合增速更高（2.9% vs -0.1%）
BJ's Wholesale Club Holdings是美国区域型会员制仓储连锁商超，总部位于马萨诸塞州马尔伯勒，业务覆盖美国东部地区及俄亥俄、密歇根、肯塔基州路易斯维尔、印第安纳、田纳西、佛罗里达、阿拉巴马等地，主要竞争对手为好市多和山姆会员店。
Entergy是美国能源企业，主营电力生产及零售配送业务，服务覆盖美国南部腹地，总部设于路易斯安那州新奥尔良。公司为阿肯色、路易斯安那、密西西比、得克萨斯四州共300万用户供电，发电装机容量约24000兆瓦，年营收110亿美元，员工规模超12000人。
BJ vs ETR — 直观对比
营收规模更大
BJ
是对方的1.8倍
$3.0B
营收增速更快
ETR
高出3.0%
4.9%
净利率更高
ETR
高出5.3%
2.8%
自由现金流更多
BJ
多$896.0M
$-909.7M
两年增速更快
ETR
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.0B |
| 净利润 | $152.1M | $240.5M |
| 毛利率 | 19.0% | — |
| 营业利润率 | 4.1% | 18.4% |
| 净利率 | 2.8% | 8.1% |
| 营收同比 | 4.9% | 7.9% |
| 净利润同比 | -2.4% | -16.2% |
| 每股收益（稀释后） | $1.15 | $0.51 |
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BJETR
| Q4 25 | $5.3B | $3.0B | ||
| Q3 25 | $5.4B | $3.8B | ||
| Q2 25 | $5.2B | $3.3B | ||
| Q1 25 | $5.3B | $2.8B | ||
| Q4 24 | $5.1B | $2.7B | ||
| Q3 24 | $5.2B | $3.4B | ||
| Q2 24 | $4.9B | $3.0B | ||
| Q1 24 | $5.4B | $2.8B |
净利润BJETR
| Q4 25 | $152.1M | $240.5M | ||
| Q3 25 | $150.7M | $698.4M | ||
| Q2 25 | $149.8M | $472.0M | ||
| Q1 25 | $122.7M | $362.4M | ||
| Q4 24 | $155.7M | $287.2M | ||
| Q3 24 | $145.0M | $645.8M | ||
| Q2 24 | $111.0M | $51.7M | ||
| Q1 24 | $145.9M | $76.5M |
毛利率BJETR
| Q4 25 | 19.0% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 18.0% | — |
营业利润率BJETR
| Q4 25 | 4.1% | 18.4% | ||
| Q3 25 | 4.0% | 29.4% | ||
| Q2 25 | 4.0% | 25.2% | ||
| Q1 25 | 3.4% | 24.6% | ||
| Q4 24 | 4.5% | 24.4% | ||
| Q3 24 | 3.9% | 33.2% | ||
| Q2 24 | 3.3% | 20.9% | ||
| Q1 24 | 4.0% | 8.5% |
净利率BJETR
| Q4 25 | 2.8% | 8.1% | ||
| Q3 25 | 2.8% | 18.3% | ||
| Q2 25 | 2.9% | 14.2% | ||
| Q1 25 | 2.3% | 12.7% | ||
| Q4 24 | 3.1% | 10.5% | ||
| Q3 24 | 2.8% | 19.1% | ||
| Q2 24 | 2.3% | 1.8% | ||
| Q1 24 | 2.7% | 2.7% |
每股收益（稀释后）BJETR
| Q4 25 | $1.15 | $0.51 | ||
| Q3 25 | $1.14 | $1.53 | ||
| Q2 25 | $1.13 | $1.05 | ||
| Q1 25 | $0.92 | $0.82 | ||
| Q4 24 | $1.17 | $0.66 | ||
| Q3 24 | $1.08 | $1.50 | ||
| Q2 24 | $0.83 | $0.11 | ||
| Q1 24 | $1.09 | $0.18 |
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 | $45.1M | $1.9B |
| 总债务越低越好 | $399.0M | $30.3B |
| 股东权益账面价值 | $2.2B | $16.9B |
| 总资产 | $7.5B | $71.9B |
| 负债/权益比越低杠杆越低 | 0.18× | 1.79× |
8季度趋势，按日历期对齐
现金及短期投资BJETR
| Q4 25 | $45.1M | $1.9B | ||
| Q3 25 | $47.3M | $1.5B | ||
| Q2 25 | $39.5M | $1.2B | ||
| Q1 25 | $28.3M | $1.5B | ||
| Q4 24 | $33.9M | $859.7M | ||
| Q3 24 | $38.1M | $1.4B | ||
| Q2 24 | $35.1M | $1.4B | ||
| Q1 24 | $36.0M | $1.3B |
总债务BJETR
| Q4 25 | $399.0M | $30.3B | ||
| Q3 25 | $399.0M | $29.0B | ||
| Q2 25 | $398.9M | $29.9B | ||
| Q1 25 | $398.8M | $29.6B | ||
| Q4 24 | $398.7M | $28.0B | ||
| Q3 24 | $398.6M | $27.9B | ||
| Q2 24 | $398.5M | $27.8B | ||
| Q1 24 | $398.4M | $26.5B |
股东权益BJETR
| Q4 25 | $2.2B | $16.9B | ||
| Q3 25 | $2.1B | $16.7B | ||
| Q2 25 | $2.0B | $16.2B | ||
| Q1 25 | $1.8B | $15.2B | ||
| Q4 24 | $1.8B | $15.1B | ||
| Q3 24 | $1.7B | $15.0B | ||
| Q2 24 | $1.5B | $14.6B | ||
| Q1 24 | $1.5B | $14.5B |
总资产BJETR
| Q4 25 | $7.5B | $71.9B | ||
| Q3 25 | $7.2B | $69.8B | ||
| Q2 25 | $7.2B | $68.4B | ||
| Q1 25 | $7.1B | $66.6B | ||
| Q4 24 | $7.2B | $64.8B | ||
| Q3 24 | $6.9B | $64.5B | ||
| Q2 24 | $6.8B | $62.8B | ||
| Q1 24 | $6.7B | $61.6B |
负债/权益比BJETR
| Q4 25 | 0.18× | 1.79× | ||
| Q3 25 | 0.19× | 1.74× | ||
| Q2 25 | 0.20× | 1.85× | ||
| Q1 25 | 0.22× | 1.95× | ||
| Q4 24 | 0.23× | 1.86× | ||
| Q3 24 | 0.24× | 1.85× | ||
| Q2 24 | 0.26× | 1.91× | ||
| Q1 24 | 0.27× | 1.83× |
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 | $181.1M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $-13.7M | $-909.7M |
| 自由现金流率自由现金流/营收 | -0.3% | -30.7% |
| 资本支出强度资本支出/营收 | 3.6% | 71.9% |
| 现金转化率经营现金流/净利润 | 1.19× | 5.06× |
| 过去12个月自由现金流最近4个季度 | $249.6M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流BJETR
| Q4 25 | $181.1M | $1.2B | ||
| Q3 25 | $249.9M | $2.1B | ||
| Q2 25 | $208.1M | $1.3B | ||
| Q1 25 | $271.9M | $536.2M | ||
| Q4 24 | $206.8M | $1.4B | ||
| Q3 24 | $221.4M | $1.6B | ||
| Q2 24 | $200.8M | $1.0B | ||
| Q1 24 | $274.4M | $521.1M |
自由现金流BJETR
| Q4 25 | $-13.7M | $-909.7M | ||
| Q3 25 | $84.3M | $246.0M | ||
| Q2 25 | $67.6M | $-746.6M | ||
| Q1 25 | $111.5M | $-1.1B | ||
| Q4 24 | $18.8M | $-193.8M | ||
| Q3 24 | $87.5M | $421.8M | ||
| Q2 24 | $95.1M | $-137.8M | ||
| Q1 24 | $155.2M | $-440.1M |
自由现金流率BJETR
| Q4 25 | -0.3% | -30.7% | ||
| Q3 25 | 1.6% | 6.5% | ||
| Q2 25 | 1.3% | -22.4% | ||
| Q1 25 | 2.1% | -39.5% | ||
| Q4 24 | 0.4% | -7.1% | ||
| Q3 24 | 1.7% | 12.4% | ||
| Q2 24 | 1.9% | -4.7% | ||
| Q1 24 | 2.9% | -15.7% |
资本支出强度BJETR
| Q4 25 | 3.6% | 71.9% | ||
| Q3 25 | 3.1% | 49.5% | ||
| Q2 25 | 2.7% | 60.3% | ||
| Q1 25 | 3.0% | 58.3% | ||
| Q4 24 | 3.7% | 57.4% | ||
| Q3 24 | 2.6% | 33.7% | ||
| Q2 24 | 2.1% | 39.4% | ||
| Q1 24 | 2.2% | 34.4% |
现金转化率BJETR
| Q4 25 | 1.19× | 5.06× | ||
| Q3 25 | 1.66× | 3.06× | ||
| Q2 25 | 1.39× | 2.67× | ||
| Q1 25 | 2.22× | 1.48× | ||
| Q4 24 | 1.33× | 4.80× | ||
| Q3 24 | 1.53× | 2.42× | ||
| Q2 24 | 1.81× | 19.82× | ||
| Q1 24 | 1.88× | 6.81× |
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
BJ
| Products | $5.4B | 102% |
| Membership | $129.8M | 2% |
ETR
| Electricity Us Regulated | $2.9B | 100% |
| Other | $13.7M | 0% |
