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Burlington Stores, Inc.（BURL）与网易（NTES）财务数据对比。点击上方公司名可切换其他公司
网易的季度营收约是Burlington Stores, Inc.的1.5倍（$4.0B vs $2.7B），网易净利率更高（31.0% vs 3.9%，领先27.1%），网易自由现金流更多（$1.8B vs $-109.6M），过去两年网易的营收复合增速更高（9.7% vs -6.9%）
伯灵顿百货（前身为伯灵顿大衣厂）是美国知名全国性折扣零售商，在全美46个州及波多黎各拥有超过1138家门店，总部位于新泽西州伯灵顿镇。2007年公司被贝恩资本收购，2008年汤姆·金斯伯里出任总裁兼首席执行官，2013年重新上市，现为美国第三大折扣零售企业。
网易由丁磊于1997年6月创立，是全球规模领先的互联网与网络游戏企业之一。公司核心业务涵盖PC及移动端网络游戏的研发与发行，同时布局广告服务、电子邮箱服务及电商平台等多元业务板块。
BURL vs NTES — 直观对比
营收规模更大
NTES
是对方的1.5倍
$2.7B
净利率更高
NTES
高出27.1%
3.9%
自由现金流更多
NTES
多$1.9B
$-109.6M
两年增速更快
NTES
近两年复合增速
-6.9%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.0B |
| 净利润 | $104.8M | $1.2B |
| 毛利率 | 44.2% | 64.1% |
| 营业利润率 | 5.1% | 28.3% |
| 净利率 | 3.9% | 31.0% |
| 营收同比 | 7.1% | — |
| 净利润同比 | 15.6% | — |
| 每股收益（稀释后） | $1.63 | — |
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BURLNTES
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | $3.3B | $4.0B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | $3.7B | ||
| Q2 24 | $2.4B | $3.5B | ||
| Q1 24 | $3.1B | $3.7B |
净利润BURLNTES
| Q4 25 | $104.8M | — | ||
| Q3 25 | $94.2M | $1.2B | ||
| Q2 25 | $100.8M | $1.3B | ||
| Q1 25 | $260.8M | $1.5B | ||
| Q4 24 | $90.6M | — | ||
| Q3 24 | $73.8M | $955.7M | ||
| Q2 24 | $78.5M | $939.6M | ||
| Q1 24 | $227.5M | $1.1B |
毛利率BURLNTES
| Q4 25 | 44.2% | — | ||
| Q3 25 | 43.7% | 64.1% | ||
| Q2 25 | 43.8% | 64.7% | ||
| Q1 25 | 42.9% | 64.1% | ||
| Q4 24 | 43.9% | — | ||
| Q3 24 | 42.8% | 62.9% | ||
| Q2 24 | 43.5% | 62.9% | ||
| Q1 24 | 42.7% | 63.4% |
营业利润率BURLNTES
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.7% | 28.3% | ||
| Q2 25 | 5.3% | 32.5% | ||
| Q1 25 | 10.6% | 36.2% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 4.0% | 27.3% | ||
| Q2 24 | 4.7% | 27.4% | ||
| Q1 24 | 10.0% | 28.4% |
净利率BURLNTES
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.5% | 31.0% | ||
| Q2 25 | 4.0% | 32.6% | ||
| Q1 25 | 8.0% | 36.6% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 3.0% | 25.6% | ||
| Q2 24 | 3.3% | 26.8% | ||
| Q1 24 | 7.3% | 29.1% |
每股收益（稀释后）BURLNTES
| Q4 25 | $1.63 | — | ||
| Q3 25 | $1.47 | — | ||
| Q2 25 | $1.58 | — | ||
| Q1 25 | $4.03 | — | ||
| Q4 24 | $1.40 | — | ||
| Q3 24 | $1.15 | — | ||
| Q2 24 | $1.22 | — | ||
| Q1 24 | $3.51 | — |
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 | $584.1M | $31.3B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.5B | $160.8B |
| 总资产 | $9.6B | $214.5B |
| 负债/权益比越低杠杆越低 | 1.32× | — |
8季度趋势，按日历期对齐
现金及短期投资BURLNTES
| Q4 25 | $584.1M | — | ||
| Q3 25 | $747.6M | $31.3B | ||
| Q2 25 | $371.1M | $54.4B | ||
| Q1 25 | $994.7M | $41.7B | ||
| Q4 24 | $857.8M | — | ||
| Q3 24 | $659.9M | $20.2B | ||
| Q2 24 | $742.3M | $19.0B | ||
| Q1 24 | $925.4M | $43.0B |
总债务BURLNTES
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.4B | — |
股东权益BURLNTES
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $160.8B | ||
| Q2 25 | $1.4B | $154.0B | ||
| Q1 25 | $1.4B | $147.8B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $135.6B | ||
| Q2 24 | $1.0B | $134.2B | ||
| Q1 24 | $996.9M | $130.5B |
总资产BURLNTES
| Q4 25 | $9.6B | — | ||
| Q3 25 | $9.3B | $214.5B | ||
| Q2 25 | $8.5B | $208.5B | ||
| Q1 25 | $8.8B | $200.9B | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $7.8B | $184.9B | ||
| Q2 24 | $7.7B | $183.3B | ||
| Q1 24 | $7.7B | $195.1B |
负债/权益比BURLNTES
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.40× | — |
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 | $143.3M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-109.6M | $1.8B |
| 自由现金流率自由现金流/营收 | -4.1% | 44.7% |
| 资本支出强度资本支出/营收 | 9.3% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.37× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $-358.5M | $6.3B |
8季度趋势，按日历期对齐
经营现金流BURLNTES
| Q4 25 | $143.3M | — | ||
| Q3 25 | $179.4M | $1.8B | ||
| Q2 25 | $-28.9M | $1.5B | ||
| Q1 25 | $543.2M | $1.7B | ||
| Q4 24 | $110.4M | — | ||
| Q3 24 | $160.4M | $1.5B | ||
| Q2 24 | $49.4M | $898.8M | ||
| Q1 24 | $598.5M | $1.3B |
自由现金流BURLNTES
| Q4 25 | $-109.6M | — | ||
| Q3 25 | $-101.0K | $1.8B | ||
| Q2 25 | $-438.6M | $1.5B | ||
| Q1 25 | $189.8M | $1.6B | ||
| Q4 24 | $-56.2M | — | ||
| Q3 24 | $-35.2M | $1.5B | ||
| Q2 24 | $-115.5M | $875.6M | ||
| Q1 24 | $410.3M | $1.3B |
自由现金流率BURLNTES
| Q4 25 | -4.1% | — | ||
| Q3 25 | -0.0% | 44.7% | ||
| Q2 25 | -17.5% | 38.3% | ||
| Q1 25 | 5.8% | 40.4% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.4% | 38.9% | ||
| Q2 24 | -4.9% | 25.0% | ||
| Q1 24 | 13.1% | 34.0% |
资本支出强度BURLNTES
| Q4 25 | 9.3% | — | ||
| Q3 25 | 6.6% | 1.0% | ||
| Q2 25 | 16.4% | 0.7% | ||
| Q1 25 | 10.8% | 1.6% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 7.9% | 1.4% | ||
| Q2 24 | 7.0% | 0.7% | ||
| Q1 24 | 6.0% | 1.5% |
现金转化率BURLNTES
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.91× | 1.47× | ||
| Q2 25 | -0.29× | 1.20× | ||
| Q1 25 | 2.08× | 1.15× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 2.18× | 1.58× | ||
| Q2 24 | 0.63× | 0.96× | ||
| Q1 24 | 2.63× | 1.22× |
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
BURL
暂无分部数据
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
