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BJ's Wholesale Club Holdings, Inc.（BJ）与史丹利百得（SWK）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.的季度营收约是史丹利百得的1.4倍（$5.3B vs $3.8B），BJ's Wholesale Club Holdings, Inc.净利率更高（2.8% vs 1.4%，领先1.5%），BJ's Wholesale Club Holdings, Inc.同比增速更快（4.9% vs 0.1%），史丹利百得自由现金流更多（$155.3M vs $-13.7M），过去两年史丹利百得的营收复合增速更高（0.3% 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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
BJ vs SWK — 直观对比
营收规模更大
BJ
是对方的1.4倍
$3.8B
营收增速更快
BJ
高出4.8%
0.1%
净利率更高
BJ
高出1.5%
1.4%
自由现金流更多
SWK
多$169.0M
$-13.7M
两年增速更快
SWK
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.8B |
| 净利润 | $152.1M | $51.4M |
| 毛利率 | 19.0% | 31.4% |
| 营业利润率 | 4.1% | — |
| 净利率 | 2.8% | 1.4% |
| 营收同比 | 4.9% | 0.1% |
| 净利润同比 | -2.4% | -43.6% |
| 每股收益（稀释后） | $1.15 | $0.34 |
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BJSWK
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.4B | $3.8B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $5.3B | $3.7B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | $5.2B | $3.8B | ||
| Q2 24 | $4.9B | $4.0B | ||
| Q1 24 | $5.4B | $3.9B |
净利润BJSWK
| Q4 25 | $152.1M | — | ||
| Q3 25 | $150.7M | $51.4M | ||
| Q2 25 | $149.8M | $101.9M | ||
| Q1 25 | $122.7M | $90.4M | ||
| Q4 24 | $155.7M | $194.9M | ||
| Q3 24 | $145.0M | $91.1M | ||
| Q2 24 | $111.0M | $-11.2M | ||
| Q1 24 | $145.9M | $19.5M |
毛利率BJSWK
| Q4 25 | 19.0% | — | ||
| Q3 25 | 18.7% | 31.4% | ||
| Q2 25 | 18.8% | 27.0% | ||
| Q1 25 | 18.0% | 29.9% | ||
| Q4 24 | 19.1% | 30.8% | ||
| Q3 24 | 18.4% | 29.9% | ||
| Q2 24 | 18.0% | 28.4% | ||
| Q1 24 | 18.0% | 28.6% |
营业利润率BJSWK
| Q4 25 | 4.1% | — | ||
| Q3 25 | 4.0% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.5% | 3.4% | ||
| Q3 24 | 3.9% | 10.6% | ||
| Q2 24 | 3.3% | 9.5% | ||
| Q1 24 | 4.0% | 8.3% |
净利率BJSWK
| Q4 25 | 2.8% | — | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 2.3% | 2.4% | ||
| Q4 24 | 3.1% | 5.2% | ||
| Q3 24 | 2.8% | 2.4% | ||
| Q2 24 | 2.3% | -0.3% | ||
| Q1 24 | 2.7% | 0.5% |
每股收益（稀释后）BJSWK
| Q4 25 | $1.15 | — | ||
| Q3 25 | $1.14 | $0.34 | ||
| Q2 25 | $1.13 | $0.67 | ||
| Q1 25 | $0.92 | $0.60 | ||
| Q4 24 | $1.17 | $1.29 | ||
| Q3 24 | $1.08 | $0.60 | ||
| Q2 24 | $0.83 | $-0.07 | ||
| Q1 24 | $1.09 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $399.0M | $5.3B |
| 股东权益账面价值 | $2.2B | $9.0B |
| 总资产 | $7.5B | $21.8B |
| 负债/权益比越低杠杆越低 | 0.18× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资BJSWK
| Q4 25 | $45.1M | — | ||
| Q3 25 | $47.3M | $268.3M | ||
| Q2 25 | $39.5M | $311.8M | ||
| Q1 25 | $28.3M | $344.8M | ||
| Q4 24 | $33.9M | $290.5M | ||
| Q3 24 | $38.1M | $298.7M | ||
| Q2 24 | $35.1M | $318.5M | ||
| Q1 24 | $36.0M | $476.6M |
总债务BJSWK
| Q4 25 | $399.0M | — | ||
| Q3 25 | $399.0M | $5.3B | ||
| Q2 25 | $398.9M | $5.6B | ||
| Q1 25 | $398.8M | $5.6B | ||
| Q4 24 | $398.7M | $6.1B | ||
| Q3 24 | $398.6M | $6.1B | ||
| Q2 24 | $398.5M | $6.1B | ||
| Q1 24 | $398.4M | $6.1B |
股东权益BJSWK
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $9.0B | ||
| Q2 25 | $2.0B | $9.1B | ||
| Q1 25 | $1.8B | $8.8B | ||
| Q4 24 | $1.8B | $8.7B | ||
| Q3 24 | $1.7B | $8.9B | ||
| Q2 24 | $1.5B | $8.7B | ||
| Q1 24 | $1.5B | $8.9B |
总资产BJSWK
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.2B | $21.8B | ||
| Q2 25 | $7.2B | $22.5B | ||
| Q1 25 | $7.1B | $22.5B | ||
| Q4 24 | $7.2B | $21.8B | ||
| Q3 24 | $6.9B | $22.5B | ||
| Q2 24 | $6.8B | $22.5B | ||
| Q1 24 | $6.7B | $23.9B |
负债/权益比BJSWK
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.19× | 0.59× | ||
| Q2 25 | 0.20× | 0.62× | ||
| Q1 25 | 0.22× | 0.63× | ||
| Q4 24 | 0.23× | 0.70× | ||
| Q3 24 | 0.24× | 0.69× | ||
| Q2 24 | 0.26× | 0.70× | ||
| Q1 24 | 0.27× | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $-13.7M | $155.3M |
| 自由现金流率自由现金流/营收 | -0.3% | 4.1% |
| 资本支出强度资本支出/营收 | 3.6% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.19× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $249.6M | $369.6M |
8季度趋势，按日历期对齐
经营现金流BJSWK
| Q4 25 | $181.1M | — | ||
| Q3 25 | $249.9M | $221.2M | ||
| Q2 25 | $208.1M | $214.3M | ||
| Q1 25 | $271.9M | $-420.0M | ||
| Q4 24 | $206.8M | $679.1M | ||
| Q3 24 | $221.4M | $285.8M | ||
| Q2 24 | $200.8M | $573.0M | ||
| Q1 24 | $274.4M | $-431.0M |
自由现金流BJSWK
| Q4 25 | $-13.7M | — | ||
| Q3 25 | $84.3M | $155.3M | ||
| Q2 25 | $67.6M | $134.7M | ||
| Q1 25 | $111.5M | $-485.0M | ||
| Q4 24 | $18.8M | $564.6M | ||
| Q3 24 | $87.5M | $199.3M | ||
| Q2 24 | $95.1M | $485.8M | ||
| Q1 24 | $155.2M | $-496.7M |
自由现金流率BJSWK
| Q4 25 | -0.3% | — | ||
| Q3 25 | 1.6% | 4.1% | ||
| Q2 25 | 1.3% | 3.4% | ||
| Q1 25 | 2.1% | -13.0% | ||
| Q4 24 | 0.4% | 15.2% | ||
| Q3 24 | 1.7% | 5.3% | ||
| Q2 24 | 1.9% | 12.1% | ||
| Q1 24 | 2.9% | -12.8% |
资本支出强度BJSWK
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.1% | 1.8% | ||
| Q2 25 | 2.7% | 2.0% | ||
| Q1 25 | 3.0% | 1.7% | ||
| Q4 24 | 3.7% | 3.1% | ||
| Q3 24 | 2.6% | 2.3% | ||
| Q2 24 | 2.1% | 2.2% | ||
| Q1 24 | 2.2% | 1.7% |
现金转化率BJSWK
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.66× | 4.30× | ||
| Q2 25 | 1.39× | 2.10× | ||
| Q1 25 | 2.22× | -4.65× | ||
| Q4 24 | 1.33× | 3.48× | ||
| Q3 24 | 1.53× | 3.14× | ||
| Q2 24 | 1.81× | — | ||
| Q1 24 | 1.88× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
