vs
Barnes & Noble Education, Inc.（BNED）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Barnes & Noble Education, Inc.的1.2倍（$725.6M vs $598.2M），Reddit, Inc.净利率更高（34.7% vs 4.2%，领先30.5%），Reddit, Inc.同比增速更快（69.7% vs 6.9%），Reddit, Inc.自由现金流更多（$263.6M vs $61.9M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 20.0%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
BNED vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.2倍
$598.2M
营收增速更快
RDDT
高出62.8%
6.9%
净利率更高
RDDT
高出30.5%
4.2%
自由现金流更多
RDDT
多$201.7M
$61.9M
两年增速更快
RDDT
近两年复合增速
20.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $725.6M |
| 净利润 | $25.0M | $251.6M |
| 毛利率 | 21.7% | 91.9% |
| 营业利润率 | 6.8% | 31.9% |
| 净利率 | 4.2% | 34.7% |
| 营收同比 | 6.9% | 69.7% |
| 净利润同比 | -49.7% | 254.2% |
| 每股收益（稀释后） | $0.72 | $1.24 |
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BNEDRDDT
| Q4 25 | $598.2M | $725.6M | ||
| Q3 25 | $274.2M | $584.9M | ||
| Q2 25 | $233.0M | $499.6M | ||
| Q1 25 | $419.7M | $392.4M | ||
| Q4 24 | $559.7M | $427.7M | ||
| Q3 24 | $250.9M | $348.4M | ||
| Q2 24 | $192.7M | $281.2M | ||
| Q1 24 | $415.4M | $243.0M |
净利润BNEDRDDT
| Q4 25 | $25.0M | $251.6M | ||
| Q3 25 | $-18.3M | $162.7M | ||
| Q2 25 | $-23.0M | $89.3M | ||
| Q1 25 | $17.9M | $26.2M | ||
| Q4 24 | $43.2M | $71.0M | ||
| Q3 24 | $-103.9M | $29.9M | ||
| Q2 24 | $-41.9M | $-10.1M | ||
| Q1 24 | $-9.3M | $-575.1M |
毛利率BNEDRDDT
| Q4 25 | 21.7% | 91.9% | ||
| Q3 25 | 20.2% | 91.0% | ||
| Q2 25 | 30.3% | 90.8% | ||
| Q1 25 | 22.3% | 90.5% | ||
| Q4 24 | 23.0% | 92.6% | ||
| Q3 24 | 17.9% | 90.1% | ||
| Q2 24 | 28.7% | 89.5% | ||
| Q1 24 | 24.2% | 88.6% |
营业利润率BNEDRDDT
| Q4 25 | 6.8% | 31.9% | ||
| Q3 25 | -8.4% | 23.7% | ||
| Q2 25 | -4.9% | 13.6% | ||
| Q1 25 | 4.5% | 1.0% | ||
| Q4 24 | 8.4% | 12.4% | ||
| Q3 24 | -15.4% | 2.0% | ||
| Q2 24 | -16.3% | -11.0% | ||
| Q1 24 | 0.4% | -242.5% |
净利率BNEDRDDT
| Q4 25 | 4.2% | 34.7% | ||
| Q3 25 | -6.7% | 27.8% | ||
| Q2 25 | -9.9% | 17.9% | ||
| Q1 25 | 4.3% | 6.7% | ||
| Q4 24 | 7.7% | 16.6% | ||
| Q3 24 | -41.4% | 8.6% | ||
| Q2 24 | -21.7% | -3.6% | ||
| Q1 24 | -2.2% | -236.7% |
每股收益（稀释后）BNEDRDDT
| Q4 25 | $0.72 | $1.24 | ||
| Q3 25 | $-0.54 | $0.80 | ||
| Q2 25 | $2.97 | $0.45 | ||
| Q1 25 | $0.59 | $0.13 | ||
| Q4 24 | $1.63 | $4.76 | ||
| Q3 24 | $-7.69 | $0.16 | ||
| Q2 24 | $-15.68 | $-0.06 | ||
| Q1 24 | $-3.49 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $2.9B |
| 总资产 | $1.1B | $3.2B |
| 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BNEDRDDT
| Q4 25 | $11.7M | $953.6M | ||
| Q3 25 | $7.3M | $911.7M | ||
| Q2 25 | $9.1M | $734.1M | ||
| Q1 25 | $9.2M | $635.7M | ||
| Q4 24 | $11.6M | $562.1M | ||
| Q3 24 | $8.2M | $515.9M | ||
| Q2 24 | $10.5M | $468.0M | ||
| Q1 24 | $8.1M | $968.5M |
总债务BNEDRDDT
| 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BNEDRDDT
| Q4 25 | $283.2M | $2.9B | ||
| Q3 25 | $256.5M | $2.6B | ||
| Q2 25 | $272.2M | $2.4B | ||
| Q1 25 | $292.9M | $2.2B | ||
| Q4 24 | $211.4M | $2.1B | ||
| Q3 24 | $149.8M | $2.0B | ||
| Q2 24 | $80.4M | $1.9B | ||
| Q1 24 | $121.5M | $1.8B |
总资产BNEDRDDT
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $950.8M | $2.9B | ||
| Q2 25 | $790.3M | $2.6B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $973.2M | $2.2B | ||
| Q2 24 | $909.9M | $2.1B | ||
| Q1 24 | $1.2B | $2.0B |
负债/权益比BNEDRDDT
| 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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $263.6M |
| 自由现金流率自由现金流/营收 | 10.4% | 36.3% |
| 资本支出强度资本支出/营收 | 0.7% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.65× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | $684.2M |
8季度趋势，按日历期对齐
经营现金流BNEDRDDT
| Q4 25 | $66.2M | $266.8M | ||
| Q3 25 | $-67.6M | $185.2M | ||
| Q2 25 | $52.6M | $111.3M | ||
| Q1 25 | $-41.9M | $127.6M | ||
| Q4 24 | $47.4M | $90.0M | ||
| Q3 24 | $-143.5M | $71.6M | ||
| Q2 24 | $81.7M | $28.4M | ||
| Q1 24 | $-35.8M | $32.1M |
自由现金流BNEDRDDT
| Q4 25 | $61.9M | $263.6M | ||
| Q3 25 | $-71.3M | $183.1M | ||
| Q2 25 | $49.5M | $110.8M | ||
| Q1 25 | $-44.7M | $126.6M | ||
| Q4 24 | $44.4M | $89.2M | ||
| Q3 24 | $-147.5M | $70.3M | ||
| Q2 24 | $79.1M | $27.2M | ||
| Q1 24 | $-39.0M | $29.2M |
自由现金流率BNEDRDDT
| Q4 25 | 10.4% | 36.3% | ||
| Q3 25 | -26.0% | 31.3% | ||
| Q2 25 | 21.3% | 22.2% | ||
| Q1 25 | -10.7% | 32.3% | ||
| Q4 24 | 7.9% | 20.8% | ||
| Q3 24 | -58.8% | 20.2% | ||
| Q2 24 | 41.1% | 9.7% | ||
| Q1 24 | -9.4% | 12.0% |
资本支出强度BNEDRDDT
| Q4 25 | 0.7% | 0.4% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.4% | 0.4% | ||
| Q1 24 | 0.8% | 1.2% |
现金转化率BNEDRDDT
| Q4 25 | 2.65× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | -2.34× | 4.88× | ||
| Q4 24 | 1.10× | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
