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Barnes & Noble Education, Inc.（BNED）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.8倍（$598.2M vs $331.3M）。Barnes & Noble Education, Inc.净利率更高（4.2% vs 0.0%，领先4.2%）。Barnes & Noble Education, Inc.同比增速更快（6.9% vs 2.2%）。Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $8.7M）。过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
BNED vs SPWH — 直观对比
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $331.3M |
| 净利润 | $25.0M | $8.0K |
| 毛利率 | 21.7% | 32.8% |
| 营业利润率 | 6.8% | 1.3% |
| 净利率 | 4.2% | 0.0% |
| 营收同比 | 6.9% | 2.2% |
| 净利润同比 | -49.7% | -97.8% |
| 每股收益（稀释后） | $0.72 | $0.00 |
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
| Q4 25 | $598.2M | $331.3M | ||
| Q3 25 | $274.2M | $293.9M | ||
| Q2 25 | $233.0M | $249.1M | ||
| Q1 25 | $419.7M | $340.4M | ||
| Q4 24 | $559.7M | $324.3M | ||
| Q3 24 | $250.9M | $288.7M | ||
| Q2 24 | $192.7M | $244.2M | ||
| Q1 24 | $415.4M | $370.4M |
| Q4 25 | $25.0M | $8.0K | ||
| Q3 25 | $-18.3M | $-7.1M | ||
| Q2 25 | $-23.0M | $-21.3M | ||
| Q1 25 | $17.9M | $-8.7M | ||
| Q4 24 | $43.2M | $-364.0K | ||
| Q3 24 | $-103.9M | $-5.9M | ||
| Q2 24 | $-41.9M | $-18.1M | ||
| Q1 24 | $-9.3M | $-8.7M |
| Q4 25 | 21.7% | 32.8% | ||
| Q3 25 | 20.2% | 32.0% | ||
| Q2 25 | 30.3% | 30.4% | ||
| Q1 25 | 22.3% | 30.4% | ||
| Q4 24 | 23.0% | 31.8% | ||
| Q3 24 | 17.9% | 31.2% | ||
| Q2 24 | 28.7% | 30.2% | ||
| Q1 24 | 24.2% | 26.8% |
| Q4 25 | 6.8% | 1.3% | ||
| Q3 25 | -8.4% | -1.1% | ||
| Q2 25 | -4.9% | -7.9% | ||
| Q1 25 | 4.5% | 1.1% | ||
| Q4 24 | 8.4% | 1.0% | ||
| Q3 24 | -15.4% | -1.5% | ||
| Q2 24 | -16.3% | -8.4% | ||
| Q1 24 | 0.4% | -2.1% |
| Q4 25 | 4.2% | 0.0% | ||
| Q3 25 | -6.7% | -2.4% | ||
| Q2 25 | -9.9% | -8.5% | ||
| Q1 25 | 4.3% | -2.6% | ||
| Q4 24 | 7.7% | -0.1% | ||
| Q3 24 | -41.4% | -2.0% | ||
| Q2 24 | -21.7% | -7.4% | ||
| Q1 24 | -2.2% | -2.4% |
| Q4 25 | $0.72 | $0.00 | ||
| Q3 25 | $-0.54 | $-0.18 | ||
| Q2 25 | $2.97 | $-0.56 | ||
| Q1 25 | $0.59 | $-0.22 | ||
| Q4 24 | $1.63 | $-0.01 | ||
| Q3 24 | $-7.69 | $-0.16 | ||
| Q2 24 | $-15.68 | $-0.48 | ||
| Q1 24 | $-3.49 | $-0.22 |
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 | $2.2M |
| 总债务越低越好 | $122.5M | $44.0M |
| 股东权益账面价值 | $283.2M | $209.5M |
| 总资产 | $1.1B | $913.9M |
| 负债/权益比越低杠杆越低 | 0.43× | 0.21× |
8季度趋势，按日历期对齐
| Q4 25 | $11.7M | $2.2M | ||
| Q3 25 | $7.3M | $1.8M | ||
| Q2 25 | $9.1M | $3.6M | ||
| Q1 25 | $9.2M | $2.8M | ||
| Q4 24 | $11.6M | $2.7M | ||
| Q3 24 | $8.2M | $2.6M | ||
| Q2 24 | $10.5M | $2.2M | ||
| Q1 24 | $8.1M | $3.1M |
| Q4 25 | $122.5M | $44.0M | ||
| Q3 25 | $170.0M | $43.9M | ||
| Q2 25 | $103.1M | $24.1M | ||
| Q1 25 | $141.2M | $24.1M | ||
| Q4 24 | $177.6M | $24.0M | ||
| Q3 24 | $221.9M | $24.0M | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $283.2M | $209.5M | ||
| Q3 25 | $256.5M | $208.9M | ||
| Q2 25 | $272.2M | $215.1M | ||
| Q1 25 | $292.9M | $235.7M | ||
| Q4 24 | $211.4M | $243.6M | ||
| Q3 24 | $149.8M | $243.0M | ||
| Q2 24 | $80.4M | $247.5M | ||
| Q1 24 | $121.5M | $264.6M |
| Q4 25 | $1.1B | $913.9M | ||
| Q3 25 | $950.8M | $948.9M | ||
| Q2 25 | $790.3M | $929.7M | ||
| Q1 25 | $1.1B | $852.1M | ||
| Q4 24 | $1.0B | $967.7M | ||
| Q3 24 | $973.2M | $901.9M | ||
| Q2 24 | $909.9M | $930.4M | ||
| Q1 24 | $1.2B | $886.2M |
| Q4 25 | 0.43× | 0.21× | ||
| Q3 25 | 0.66× | 0.21× | ||
| Q2 25 | 0.38× | 0.11× | ||
| Q1 25 | 0.48× | 0.10× | ||
| Q4 24 | 0.84× | 0.10× | ||
| Q3 24 | 1.48× | 0.10× | ||
| 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 | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $8.7M |
| 自由现金流率自由现金流/营收 | 10.4% | 2.6% |
| 资本支出强度资本支出/营收 | 0.7% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.65× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | $-39.7M |
8季度趋势，按日历期对齐
| Q4 25 | $66.2M | $16.3M | ||
| Q3 25 | $-67.6M | $-26.6M | ||
| Q2 25 | $52.6M | $-60.2M | ||
| Q1 25 | $-41.9M | $52.8M | ||
| Q4 24 | $47.4M | $-2.5M | ||
| Q3 24 | $-143.5M | $18.5M | ||
| Q2 24 | $81.7M | $-34.6M | ||
| Q1 24 | $-35.8M | $68.9M |
| Q4 25 | $61.9M | $8.7M | ||
| Q3 25 | $-71.3M | $-33.9M | ||
| Q2 25 | $49.5M | $-64.0M | ||
| Q1 25 | $-44.7M | $49.6M | ||
| Q4 24 | $44.4M | $-6.2M | ||
| Q3 24 | $-147.5M | $14.1M | ||
| Q2 24 | $79.1M | $-38.0M | ||
| Q1 24 | $-39.0M | $60.2M |
| Q4 25 | 10.4% | 2.6% | ||
| Q3 25 | -26.0% | -11.5% | ||
| Q2 25 | 21.3% | -25.7% | ||
| Q1 25 | -10.7% | 14.6% | ||
| Q4 24 | 7.9% | -1.9% | ||
| Q3 24 | -58.8% | 4.9% | ||
| Q2 24 | 41.1% | -15.5% | ||
| Q1 24 | -9.4% | 16.2% |
| Q4 25 | 0.7% | 2.3% | ||
| Q3 25 | 1.4% | 2.5% | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 0.7% | 1.0% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 0.8% | 2.4% |
| Q4 25 | 2.65× | 2038.00× | ||
| 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% |
SPWH
暂无分部数据
