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BJ's Wholesale Club Holdings, Inc.（BJ）与Diamondback Energy（FANG）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Diamondback Energy的1.6倍（$5.3B vs $3.4B），BJ's Wholesale Club Holdings, Inc.净利率更高（2.8% vs -43.2%，领先46.0%），BJ's Wholesale Club Holdings, Inc.同比增速更快（4.9% vs -9.0%），过去两年Diamondback Energy的营收复合增速更高（23.1% 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。
总部位于美国得克萨斯州米德兰市的Diamondback Energy是一家美国能源企业，核心业务为在二叠纪盆地开展油气勘探开发，聚焦北美上游能源领域，在核心资源区拥有丰富的项目储备与成熟的运营经验。
BJ vs FANG — 直观对比
营收规模更大
BJ
是对方的1.6倍
$3.4B
营收增速更快
BJ
高出13.9%
-9.0%
净利率更高
BJ
高出46.0%
-43.2%
两年增速更快
FANG
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.4B |
| 净利润 | $152.1M | $-1.5B |
| 毛利率 | 19.0% | — |
| 营业利润率 | 4.1% | -82.4% |
| 净利率 | 2.8% | -43.2% |
| 营收同比 | 4.9% | -9.0% |
| 净利润同比 | -2.4% | -235.8% |
| 每股收益（稀释后） | $1.15 | $-4.99 |
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BJFANG
| Q4 25 | $5.3B | $3.4B | ||
| Q3 25 | $5.4B | $3.9B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | $5.3B | $4.0B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | $5.2B | $2.6B | ||
| Q2 24 | $4.9B | $2.5B | ||
| Q1 24 | $5.4B | $2.2B |
净利润BJFANG
| Q4 25 | $152.1M | $-1.5B | ||
| Q3 25 | $150.7M | $1.0B | ||
| Q2 25 | $149.8M | $699.0M | ||
| Q1 25 | $122.7M | $1.4B | ||
| Q4 24 | $155.7M | $1.1B | ||
| Q3 24 | $145.0M | $659.0M | ||
| Q2 24 | $111.0M | $837.0M | ||
| Q1 24 | $145.9M | $768.0M |
毛利率BJFANG
| 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BJFANG
| Q4 25 | 4.1% | -82.4% | ||
| Q3 25 | 4.0% | 31.5% | ||
| Q2 25 | 4.0% | 31.0% | ||
| Q1 25 | 3.4% | 41.3% | ||
| Q4 24 | 4.5% | 38.0% | ||
| Q3 24 | 3.9% | 26.8% | ||
| Q2 24 | 3.3% | 46.6% | ||
| Q1 24 | 4.0% | 50.2% |
净利率BJFANG
| Q4 25 | 2.8% | -43.2% | ||
| Q3 25 | 2.8% | 25.9% | ||
| Q2 25 | 2.9% | 19.0% | ||
| Q1 25 | 2.3% | 34.7% | ||
| Q4 24 | 3.1% | 28.9% | ||
| Q3 24 | 2.8% | 24.9% | ||
| Q2 24 | 2.3% | 33.7% | ||
| Q1 24 | 2.7% | 34.5% |
每股收益（稀释后）BJFANG
| Q4 25 | $1.15 | $-4.99 | ||
| Q3 25 | $1.14 | $3.51 | ||
| Q2 25 | $1.13 | $2.38 | ||
| Q1 25 | $0.92 | $4.83 | ||
| Q4 24 | $1.17 | $3.40 | ||
| Q3 24 | $1.08 | $3.19 | ||
| Q2 24 | $0.83 | $4.66 | ||
| Q1 24 | $1.09 | $4.28 |
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 | $104.0M |
| 总债务越低越好 | $399.0M | $13.7B |
| 股东权益账面价值 | $2.2B | $37.0B |
| 总资产 | $7.5B | $71.1B |
| 负债/权益比越低杠杆越低 | 0.18× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资BJFANG
| Q4 25 | $45.1M | $104.0M | ||
| Q3 25 | $47.3M | $159.0M | ||
| Q2 25 | $39.5M | $219.0M | ||
| Q1 25 | $28.3M | $1.8B | ||
| Q4 24 | $33.9M | $161.0M | ||
| Q3 24 | $38.1M | $370.0M | ||
| Q2 24 | $35.1M | $6.9B | ||
| Q1 24 | $36.0M | $896.0M |
总债务BJFANG
| Q4 25 | $399.0M | $13.7B | ||
| Q3 25 | $399.0M | $15.8B | ||
| Q2 25 | $398.9M | $15.1B | ||
| Q1 25 | $398.8M | $13.0B | ||
| Q4 24 | $398.7M | $12.1B | ||
| Q3 24 | $398.6M | $11.9B | ||
| Q2 24 | $398.5M | $12.0B | ||
| Q1 24 | $398.4M | $6.6B |
股东权益BJFANG
| Q4 25 | $2.2B | $37.0B | ||
| Q3 25 | $2.1B | $39.1B | ||
| Q2 25 | $2.0B | $38.9B | ||
| Q1 25 | $1.8B | $38.5B | ||
| Q4 24 | $1.8B | $37.7B | ||
| Q3 24 | $1.7B | $37.4B | ||
| Q2 24 | $1.5B | $17.4B | ||
| Q1 24 | $1.5B | $16.9B |
总资产BJFANG
| Q4 25 | $7.5B | $71.1B | ||
| Q3 25 | $7.2B | $76.2B | ||
| Q2 25 | $7.2B | $71.9B | ||
| Q1 25 | $7.1B | $70.1B | ||
| Q4 24 | $7.2B | $67.3B | ||
| Q3 24 | $6.9B | $65.7B | ||
| Q2 24 | $6.8B | $35.6B | ||
| Q1 24 | $6.7B | $29.7B |
负债/权益比BJFANG
| Q4 25 | 0.18× | 0.37× | ||
| Q3 25 | 0.19× | 0.41× | ||
| Q2 25 | 0.20× | 0.39× | ||
| Q1 25 | 0.22× | 0.34× | ||
| Q4 24 | 0.23× | 0.32× | ||
| Q3 24 | 0.24× | 0.32× | ||
| Q2 24 | 0.26× | 0.69× | ||
| Q1 24 | 0.27× | 0.39× |
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 | $2.3B |
| 自由现金流经营现金流 - 资本支出 | $-13.7M | — |
| 自由现金流率自由现金流/营收 | -0.3% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $249.6M | — |
8季度趋势，按日历期对齐
经营现金流BJFANG
| Q4 25 | $181.1M | $2.3B | ||
| Q3 25 | $249.9M | $2.4B | ||
| Q2 25 | $208.1M | $1.7B | ||
| Q1 25 | $271.9M | $2.4B | ||
| Q4 24 | $206.8M | $2.3B | ||
| Q3 24 | $221.4M | $1.2B | ||
| Q2 24 | $200.8M | $1.5B | ||
| Q1 24 | $274.4M | $1.3B |
自由现金流BJFANG
| Q4 25 | $-13.7M | — | ||
| Q3 25 | $84.3M | — | ||
| Q2 25 | $67.6M | — | ||
| Q1 25 | $111.5M | — | ||
| Q4 24 | $18.8M | — | ||
| Q3 24 | $87.5M | — | ||
| Q2 24 | $95.1M | — | ||
| Q1 24 | $155.2M | — |
自由现金流率BJFANG
| Q4 25 | -0.3% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 2.9% | — |
资本支出强度BJFANG
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 2.2% | — |
现金转化率BJFANG
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.66× | 2.34× | ||
| Q2 25 | 1.39× | 2.40× | ||
| Q1 25 | 2.22× | 1.68× | ||
| Q4 24 | 1.33× | 2.18× | ||
| Q3 24 | 1.53× | 1.83× | ||
| Q2 24 | 1.81× | 1.83× | ||
| Q1 24 | 1.88× | 1.74× |
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% |
FANG
| Oil Explorationand Production | $2.7B | 81% |
| Oil Purchased | $308.0M | 9% |
| Natural Gas Liquids Production | $293.0M | 9% |
| Natural Gas Production | $4.0M | 0% |
