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BJ's Wholesale Club Holdings, Inc.（BJ）与Raymond James Financial（RJF）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Raymond James Financial的1.4倍（$5.3B vs $3.9B），Raymond James Financial净利率更高（14.1% vs 2.8%，领先11.3%），Raymond James Financial同比增速更快（13.0% vs 4.9%），过去两年Raymond James Financial的营收复合增速更高（1.3% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
BJ vs RJF — 直观对比
营收规模更大
BJ
是对方的1.4倍
$3.9B
营收增速更快
RJF
高出8.1%
4.9%
净利率更高
RJF
高出11.3%
2.8%
两年增速更快
RJF
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.9B |
| 净利润 | $152.1M | $544.0M |
| 毛利率 | 19.0% | — |
| 营业利润率 | 4.1% | — |
| 净利率 | 2.8% | 14.1% |
| 营收同比 | 4.9% | 13.0% |
| 净利润同比 | -2.4% | 10.0% |
| 每股收益（稀释后） | $1.15 | $2.83 |
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BJRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $5.3B | $4.2B | ||
| Q3 25 | $5.4B | $4.2B | ||
| Q2 25 | $5.2B | $3.8B | ||
| Q1 25 | $5.3B | $3.8B | ||
| Q4 24 | $5.1B | $4.0B | ||
| Q3 24 | $5.2B | $4.0B | ||
| Q2 24 | $4.9B | $3.8B |
净利润BJRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $152.1M | $563.0M | ||
| Q3 25 | $150.7M | $604.0M | ||
| Q2 25 | $149.8M | $436.0M | ||
| Q1 25 | $122.7M | $495.0M | ||
| Q4 24 | $155.7M | $600.0M | ||
| Q3 24 | $145.0M | $602.0M | ||
| Q2 24 | $111.0M | $492.0M |
毛利率BJRJF
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BJRJF
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 4.0% | 14.7% | ||
| Q1 25 | 3.4% | 17.5% | ||
| Q4 24 | 4.5% | 18.6% | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 3.3% | 17.1% |
净利率BJRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 2.8% | 13.5% | ||
| Q3 25 | 2.8% | 14.4% | ||
| Q2 25 | 2.9% | 11.3% | ||
| Q1 25 | 2.3% | 12.9% | ||
| Q4 24 | 3.1% | 14.9% | ||
| Q3 24 | 2.8% | 15.0% | ||
| Q2 24 | 2.3% | 13.1% |
每股收益（稀释后）BJRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $1.15 | $2.79 | ||
| Q3 25 | $1.14 | $2.96 | ||
| Q2 25 | $1.13 | $2.12 | ||
| Q1 25 | $0.92 | $2.36 | ||
| Q4 24 | $1.17 | $2.86 | ||
| Q3 24 | $1.08 | $2.85 | ||
| Q2 24 | $0.83 | $2.31 |
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 | $45.1M | $5.4B |
| 总债务越低越好 | $399.0M | — |
| 股东权益账面价值 | $2.2B | $52.0M |
| 总资产 | $7.5B | $91.9B |
| 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BJRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $45.1M | $9.9B | ||
| Q3 25 | $47.3M | $11.4B | ||
| Q2 25 | $39.5M | $9.2B | ||
| Q1 25 | $28.3M | $9.7B | ||
| Q4 24 | $33.9M | $10.0B | ||
| Q3 24 | $38.1M | $11.0B | ||
| Q2 24 | $35.1M | $9.1B |
总债务BJRJF
| Q1 26 | — | — | ||
| 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 | — |
股东权益BJRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $2.2B | $12.6B | ||
| Q3 25 | $2.1B | $12.5B | ||
| Q2 25 | $2.0B | $12.3B | ||
| Q1 25 | $1.8B | $12.2B | ||
| Q4 24 | $1.8B | $11.9B | ||
| Q3 24 | $1.7B | $11.7B | ||
| Q2 24 | $1.5B | $11.2B |
总资产BJRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $7.5B | $88.8B | ||
| Q3 25 | $7.2B | $88.2B | ||
| Q2 25 | $7.2B | $84.8B | ||
| Q1 25 | $7.1B | $83.1B | ||
| Q4 24 | $7.2B | $82.3B | ||
| Q3 24 | $6.9B | $83.0B | ||
| Q2 24 | $6.8B | $80.6B |
负债/权益比BJRJF
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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BJRJF
| Q1 26 | — | — | ||
| Q4 25 | $181.1M | $-10.0M | ||
| Q3 25 | $249.9M | $796.0M | ||
| Q2 25 | $208.1M | $691.0M | ||
| Q1 25 | $271.9M | $117.0M | ||
| Q4 24 | $206.8M | $830.0M | ||
| Q3 24 | $221.4M | $510.0M | ||
| Q2 24 | $200.8M | $711.0M |
自由现金流BJRJF
| Q1 26 | — | — | ||
| Q4 25 | $-13.7M | $-56.0M | ||
| Q3 25 | $84.3M | $752.0M | ||
| Q2 25 | $67.6M | $634.0M | ||
| Q1 25 | $111.5M | $71.0M | ||
| Q4 24 | $18.8M | $789.0M | ||
| Q3 24 | $87.5M | $460.0M | ||
| Q2 24 | $95.1M | $655.0M |
自由现金流率BJRJF
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | -1.3% | ||
| Q3 25 | 1.6% | 17.9% | ||
| Q2 25 | 1.3% | 16.5% | ||
| Q1 25 | 2.1% | 1.8% | ||
| Q4 24 | 0.4% | 19.6% | ||
| Q3 24 | 1.7% | 11.5% | ||
| Q2 24 | 1.9% | 17.4% |
资本支出强度BJRJF
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 1.1% | ||
| Q3 25 | 3.1% | 1.1% | ||
| Q2 25 | 2.7% | 1.5% | ||
| Q1 25 | 3.0% | 1.2% | ||
| Q4 24 | 3.7% | 1.0% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.1% | 1.5% |
现金转化率BJRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | -0.02× | ||
| Q3 25 | 1.66× | 1.32× | ||
| Q2 25 | 1.39× | 1.58× | ||
| Q1 25 | 2.22× | 0.24× | ||
| Q4 24 | 1.33× | 1.38× | ||
| Q3 24 | 1.53× | 0.85× | ||
| Q2 24 | 1.81× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
