vs
Barnes & Noble Education, Inc.（BNED）与GrabAGun Digital Holdings Inc.（PEW）财务数据对比。点击上方公司名可切换其他公司
Barnes & Noble Education, Inc.的季度营收约是GrabAGun Digital Holdings Inc.的26.9倍（$598.2M vs $22.3M）。Barnes & Noble Education, Inc.净利率更高（4.2% vs -17.2%，领先21.4%）。Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $-3.1M）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
GrabAGun Digital Holdings Inc是美国领先的枪支电商平台，主要销售合规枪支、弹药、射击配件及户外装备，服务覆盖普通消费者、持证枪支经销商及执法人员，运营全程严格遵守美国各级枪支管理法规。
BNED vs PEW — 直观对比
营收规模更大
BNED
是对方的26.9倍
$22.3M
净利率更高
BNED
高出21.4%
-17.2%
自由现金流更多
BNED
多$65.0M
$-3.1M
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $22.3M |
| 净利润 | $25.0M | $-3.8M |
| 毛利率 | 21.7% | 9.6% |
| 营业利润率 | 6.8% | -21.4% |
| 净利率 | 4.2% | -17.2% |
| 营收同比 | 6.9% | — |
| 净利润同比 | -49.7% | — |
| 每股收益（稀释后） | $0.72 | $-0.14 |
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BNEDPEW
| Q4 25 | $598.2M | — | ||
| Q3 25 | $274.2M | $22.3M | ||
| Q2 25 | $233.0M | — | ||
| Q1 25 | $419.7M | — | ||
| Q4 24 | $559.7M | — | ||
| Q3 24 | $250.9M | — | ||
| Q2 24 | $192.7M | — | ||
| Q1 24 | $415.4M | — |
净利润BNEDPEW
| Q4 25 | $25.0M | — | ||
| Q3 25 | $-18.3M | $-3.8M | ||
| Q2 25 | $-23.0M | — | ||
| Q1 25 | $17.9M | — | ||
| Q4 24 | $43.2M | — | ||
| Q3 24 | $-103.9M | — | ||
| Q2 24 | $-41.9M | — | ||
| Q1 24 | $-9.3M | — |
毛利率BNEDPEW
| Q4 25 | 21.7% | — | ||
| Q3 25 | 20.2% | 9.6% | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 28.7% | — | ||
| Q1 24 | 24.2% | — |
营业利润率BNEDPEW
| Q4 25 | 6.8% | — | ||
| Q3 25 | -8.4% | -21.4% | ||
| Q2 25 | -4.9% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | -15.4% | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | 0.4% | — |
净利率BNEDPEW
| Q4 25 | 4.2% | — | ||
| Q3 25 | -6.7% | -17.2% | ||
| Q2 25 | -9.9% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | -41.4% | — | ||
| Q2 24 | -21.7% | — | ||
| Q1 24 | -2.2% | — |
每股收益（稀释后）BNEDPEW
| Q4 25 | $0.72 | — | ||
| Q3 25 | $-0.54 | $-0.14 | ||
| Q2 25 | $2.97 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $1.63 | — | ||
| Q3 24 | $-7.69 | — | ||
| Q2 24 | $-15.68 | — | ||
| Q1 24 | $-3.49 | — |
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 | $11.7M | $109.5M |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $106.6M |
| 总资产 | $1.1B | $119.8M |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资BNEDPEW
| Q4 25 | $11.7M | — | ||
| Q3 25 | $7.3M | $109.5M | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $9.2M | — | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $10.5M | — | ||
| Q1 24 | $8.1M | — |
总债务BNEDPEW
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
股东权益BNEDPEW
| Q4 25 | $283.2M | — | ||
| Q3 25 | $256.5M | $106.6M | ||
| Q2 25 | $272.2M | — | ||
| Q1 25 | $292.9M | — | ||
| Q4 24 | $211.4M | — | ||
| Q3 24 | $149.8M | — | ||
| Q2 24 | $80.4M | — | ||
| Q1 24 | $121.5M | — |
总资产BNEDPEW
| Q4 25 | $1.1B | — | ||
| Q3 25 | $950.8M | $119.8M | ||
| Q2 25 | $790.3M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $973.2M | — | ||
| Q2 24 | $909.9M | — | ||
| Q1 24 | $1.2B | — |
负债/权益比BNEDPEW
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | — |
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 | $66.2M | $-3.1M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $-3.1M |
| 自由现金流率自由现金流/营收 | 10.4% | -13.9% |
| 资本支出强度资本支出/营收 | 0.7% | 0.2% |
| 现金转化率经营现金流/净利润 | 2.65× | — |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDPEW
| Q4 25 | $66.2M | — | ||
| Q3 25 | $-67.6M | $-3.1M | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $-41.9M | — | ||
| Q4 24 | $47.4M | — | ||
| Q3 24 | $-143.5M | — | ||
| Q2 24 | $81.7M | — | ||
| Q1 24 | $-35.8M | — |
自由现金流BNEDPEW
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | $-3.1M | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | — | ||
| Q1 24 | $-39.0M | — |
自由现金流率BNEDPEW
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | -13.9% | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度BNEDPEW
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 0.8% | — |
现金转化率BNEDPEW
| Q4 25 | 2.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
PEW
| Firearm Sales | $18.1M | 81% |
| Non-Firearm Sales | $4.2M | 19% |
