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BJ's Wholesale Club Holdings, Inc.（BJ）与FIVE BELOW, INC（FIVE）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FIVE BELOW, INC的5.2倍（$5.3B vs $1.0B）。FIVE BELOW, INC净利率更高（3.5% vs 2.8%，领先0.7%）。FIVE BELOW, INC同比增速更快（23.1% vs 4.9%）。BJ's Wholesale Club Holdings, Inc.自由现金流更多（$-13.7M vs $-133.2M）。过去两年BJ's Wholesale Club Holdings, Inc.的营收复合增速更高（-0.1% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
BJ vs FIVE — 直观对比
营收规模更大
BJ
是对方的5.2倍
$1.0B
营收增速更快
FIVE
高出18.2%
4.9%
净利率更高
FIVE
高出0.7%
2.8%
自由现金流更多
BJ
多$119.4M
$-133.2M
两年增速更快
BJ
近两年复合增速
-11.9%
损益表 — Q4 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $1.0B |
| 净利润 | $152.1M | $36.5M |
| 毛利率 | 19.0% | 33.8% |
| 营业利润率 | 4.1% | 4.2% |
| 净利率 | 2.8% | 3.5% |
| 营收同比 | 4.9% | 23.1% |
| 净利润同比 | -2.4% | 2063.9% |
| 每股收益（稀释后） | $1.15 | $0.66 |
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BJFIVE
| Q4 25 | $5.3B | $1.0B | ||
| Q3 25 | $5.4B | $1.0B | ||
| Q2 25 | $5.2B | $970.5M | ||
| Q1 25 | $5.3B | $1.4B | ||
| Q4 24 | $5.1B | $843.7M | ||
| Q3 24 | $5.2B | $830.1M | ||
| Q2 24 | $4.9B | $811.9M | ||
| Q1 24 | $5.4B | $1.3B |
净利润BJFIVE
| Q4 25 | $152.1M | $36.5M | ||
| Q3 25 | $150.7M | $42.8M | ||
| Q2 25 | $149.8M | $41.1M | ||
| Q1 25 | $122.7M | $187.5M | ||
| Q4 24 | $155.7M | $1.7M | ||
| Q3 24 | $145.0M | $33.0M | ||
| Q2 24 | $111.0M | $31.5M | ||
| Q1 24 | $145.9M | $202.2M |
毛利率BJFIVE
| Q4 25 | 19.0% | 33.8% | ||
| Q3 25 | 18.7% | 33.3% | ||
| Q2 25 | 18.8% | 33.4% | ||
| Q1 25 | 18.0% | 40.2% | ||
| Q4 24 | 19.1% | 30.6% | ||
| Q3 24 | 18.4% | 32.7% | ||
| Q2 24 | 18.0% | 32.5% | ||
| Q1 24 | 18.0% | 41.2% |
营业利润率BJFIVE
| Q4 25 | 4.1% | 4.2% | ||
| Q3 25 | 4.0% | 5.1% | ||
| Q2 25 | 4.0% | 5.2% | ||
| Q1 25 | 3.4% | 17.7% | ||
| Q4 24 | 4.5% | -0.1% | ||
| Q3 24 | 3.9% | 5.0% | ||
| Q2 24 | 3.3% | 4.5% | ||
| Q1 24 | 4.0% | 20.1% |
净利率BJFIVE
| Q4 25 | 2.8% | 3.5% | ||
| Q3 25 | 2.8% | 4.2% | ||
| Q2 25 | 2.9% | 4.2% | ||
| Q1 25 | 2.3% | 13.5% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 2.8% | 4.0% | ||
| Q2 24 | 2.3% | 3.9% | ||
| Q1 24 | 2.7% | 15.1% |
每股收益（稀释后）BJFIVE
| Q4 25 | $1.15 | $0.66 | ||
| Q3 25 | $1.14 | $0.77 | ||
| Q2 25 | $1.13 | $0.75 | ||
| Q1 25 | $0.92 | $3.40 | ||
| Q4 24 | $1.17 | $0.03 | ||
| Q3 24 | $1.08 | $0.60 | ||
| Q2 24 | $0.83 | $0.57 | ||
| Q1 24 | $1.09 | $3.64 |
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 | $524.5M |
| 总债务越低越好 | $399.0M | — |
| 股东权益账面价值 | $2.2B | $2.0B |
| 总资产 | $7.5B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资BJFIVE
| Q4 25 | $45.1M | $524.5M | ||
| Q3 25 | $47.3M | $670.2M | ||
| Q2 25 | $39.5M | $624.0M | ||
| Q1 25 | $28.3M | $528.8M | ||
| Q4 24 | $33.9M | $216.6M | ||
| Q3 24 | $38.1M | $327.7M | ||
| Q2 24 | $35.1M | $369.6M | ||
| Q1 24 | $36.0M | $460.1M |
总债务BJFIVE
| Q4 25 | $399.0M | — | ||
| Q3 25 | $399.0M | — | ||
| Q2 25 | $398.9M | — | ||
| Q1 25 | $398.8M | — | ||
| Q4 24 | $398.7M | — | ||
| Q3 24 | $398.6M | — | ||
| Q2 24 | $398.5M | — | ||
| Q1 24 | $398.4M | — |
股东权益BJFIVE
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.6B |
总资产BJFIVE
| Q4 25 | $7.5B | $4.8B | ||
| Q3 25 | $7.2B | $4.6B | ||
| Q2 25 | $7.2B | $4.5B | ||
| Q1 25 | $7.1B | $4.3B | ||
| Q4 24 | $7.2B | $4.2B | ||
| Q3 24 | $6.9B | $4.0B | ||
| Q2 24 | $6.8B | $3.9B | ||
| Q1 24 | $6.7B | $3.9B |
负债/权益比BJFIVE
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.24× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.27× | — |
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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | $-13.7M | $-133.2M |
| 自由现金流率自由现金流/营收 | -0.3% | -12.8% |
| 资本支出强度资本支出/营收 | 3.6% | 5.1% |
| 现金转化率经营现金流/净利润 | 1.19× | -2.19× |
| 过去12个月自由现金流最近4个季度 | $249.6M | $323.0M |
8季度趋势，按日历期对齐
经营现金流BJFIVE
| Q4 25 | $181.1M | $-80.1M | ||
| Q3 25 | $249.9M | $93.0M | ||
| Q2 25 | $208.1M | $132.7M | ||
| Q1 25 | $271.9M | $363.5M | ||
| Q4 24 | $206.8M | $-30.6M | ||
| Q3 24 | $221.4M | $71.3M | ||
| Q2 24 | $200.8M | $26.4M | ||
| Q1 24 | $274.4M | $407.7M |
自由现金流BJFIVE
| Q4 25 | $-13.7M | $-133.2M | ||
| Q3 25 | $84.3M | $48.3M | ||
| Q2 25 | $67.6M | $96.5M | ||
| Q1 25 | $111.5M | $311.4M | ||
| Q4 24 | $18.8M | $-111.0M | ||
| Q3 24 | $87.5M | $-32.4M | ||
| Q2 24 | $95.1M | $-61.4M | ||
| Q1 24 | $155.2M | $304.6M |
自由现金流率BJFIVE
| Q4 25 | -0.3% | -12.8% | ||
| Q3 25 | 1.6% | 4.7% | ||
| Q2 25 | 1.3% | 9.9% | ||
| Q1 25 | 2.1% | 22.4% | ||
| Q4 24 | 0.4% | -13.2% | ||
| Q3 24 | 1.7% | -3.9% | ||
| Q2 24 | 1.9% | -7.6% | ||
| Q1 24 | 2.9% | 22.8% |
资本支出强度BJFIVE
| Q4 25 | 3.6% | 5.1% | ||
| Q3 25 | 3.1% | 4.4% | ||
| Q2 25 | 2.7% | 3.7% | ||
| Q1 25 | 3.0% | 3.7% | ||
| Q4 24 | 3.7% | 9.5% | ||
| Q3 24 | 2.6% | 12.5% | ||
| Q2 24 | 2.1% | 10.8% | ||
| Q1 24 | 2.2% | 7.7% |
现金转化率BJFIVE
| Q4 25 | 1.19× | -2.19× | ||
| Q3 25 | 1.66× | 2.17× | ||
| Q2 25 | 1.39× | 3.22× | ||
| Q1 25 | 2.22× | 1.94× | ||
| Q4 24 | 1.33× | -18.13× | ||
| Q3 24 | 1.53× | 2.16× | ||
| Q2 24 | 1.81× | 0.84× | ||
| Q1 24 | 1.88× | 2.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
