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Burlington Stores, Inc.（BURL）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是Burlington Stores, Inc.的1.4倍（$3.7B vs $2.7B），SHOPIFY INC.净利率更高（20.2% vs 3.9%，领先16.4%），SHOPIFY INC.同比增速更快（30.6% vs 7.1%），SHOPIFY INC.自由现金流更多（$715.0M vs $-109.6M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% 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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
BURL vs SHOP — 直观对比
营收规模更大
SHOP
是对方的1.4倍
$2.7B
营收增速更快
SHOP
高出23.5%
7.1%
净利率更高
SHOP
高出16.4%
3.9%
自由现金流更多
SHOP
多$824.6M
$-109.6M
两年增速更快
SHOP
近两年复合增速
-6.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.7B |
| 净利润 | $104.8M | $743.0M |
| 毛利率 | 44.2% | 46.1% |
| 营业利润率 | 5.1% | 17.2% |
| 净利率 | 3.9% | 20.2% |
| 营收同比 | 7.1% | 30.6% |
| 净利润同比 | 15.6% | -42.5% |
| 每股收益（稀释后） | $1.63 | $0.58 |
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BURLSHOP
| Q4 25 | $2.7B | $3.7B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.5B | $2.7B | ||
| Q1 25 | $3.3B | $2.4B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $3.1B | $1.9B |
净利润BURLSHOP
| Q4 25 | $104.8M | $743.0M | ||
| Q3 25 | $94.2M | $264.0M | ||
| Q2 25 | $100.8M | $906.0M | ||
| Q1 25 | $260.8M | $-682.0M | ||
| Q4 24 | $90.6M | $1.3B | ||
| Q3 24 | $73.8M | $828.0M | ||
| Q2 24 | $78.5M | $171.0M | ||
| Q1 24 | $227.5M | $-273.0M |
毛利率BURLSHOP
| Q4 25 | 44.2% | 46.1% | ||
| Q3 25 | 43.7% | 48.9% | ||
| Q2 25 | 43.8% | 48.6% | ||
| Q1 25 | 42.9% | 49.5% | ||
| Q4 24 | 43.9% | 48.1% | ||
| Q3 24 | 42.8% | 51.7% | ||
| Q2 24 | 43.5% | 51.1% | ||
| Q1 24 | 42.7% | 51.4% |
营业利润率BURLSHOP
| Q4 25 | 5.1% | 17.2% | ||
| Q3 25 | 4.7% | 12.1% | ||
| Q2 25 | 5.3% | 10.9% | ||
| Q1 25 | 10.6% | 8.6% | ||
| Q4 24 | 4.7% | 16.5% | ||
| Q3 24 | 4.0% | 13.1% | ||
| Q2 24 | 4.7% | 11.8% | ||
| Q1 24 | 10.0% | 4.6% |
净利率BURLSHOP
| Q4 25 | 3.9% | 20.2% | ||
| Q3 25 | 3.5% | 9.3% | ||
| Q2 25 | 4.0% | 33.8% | ||
| Q1 25 | 8.0% | -28.9% | ||
| Q4 24 | 3.6% | 46.0% | ||
| Q3 24 | 3.0% | 38.3% | ||
| Q2 24 | 3.3% | 8.4% | ||
| Q1 24 | 7.3% | -14.7% |
每股收益（稀释后）BURLSHOP
| Q4 25 | $1.63 | $0.58 | ||
| Q3 25 | $1.47 | $0.20 | ||
| Q2 25 | $1.58 | $0.69 | ||
| Q1 25 | $4.03 | $-0.53 | ||
| Q4 24 | $1.40 | $0.99 | ||
| Q3 24 | $1.15 | $0.64 | ||
| Q2 24 | $1.22 | $0.13 | ||
| Q1 24 | $3.51 | $-0.21 |
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 | $5.8B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.5B | $13.5B |
| 总资产 | $9.6B | $15.2B |
| 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BURLSHOP
| Q4 25 | $584.1M | $5.8B | ||
| Q3 25 | $747.6M | $6.3B | ||
| Q2 25 | $371.1M | $5.8B | ||
| Q1 25 | $994.7M | $5.5B | ||
| Q4 24 | $857.8M | $5.5B | ||
| Q3 24 | $659.9M | — | ||
| Q2 24 | $742.3M | — | ||
| Q1 24 | $925.4M | — |
总债务BURLSHOP
| 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BURLSHOP
| Q4 25 | $1.5B | $13.5B | ||
| Q3 25 | $1.4B | $12.5B | ||
| Q2 25 | $1.4B | $12.1B | ||
| Q1 25 | $1.4B | $11.1B | ||
| Q4 24 | $1.1B | $11.6B | ||
| Q3 24 | $1.1B | $10.1B | ||
| Q2 24 | $1.0B | $9.2B | ||
| Q1 24 | $996.9M | $8.9B |
总资产BURLSHOP
| Q4 25 | $9.6B | $15.2B | ||
| Q3 25 | $9.3B | $15.0B | ||
| Q2 25 | $8.5B | $14.6B | ||
| Q1 25 | $8.8B | $13.4B | ||
| Q4 24 | $8.4B | $13.9B | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.7B | — | ||
| Q1 24 | $7.7B | — |
负债/权益比BURLSHOP
| 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 | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.6M | $715.0M |
| 自由现金流率自由现金流/营收 | -4.1% | 19.5% |
| 资本支出强度资本支出/营收 | 9.3% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.37× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $-358.5M | $2.0B |
8季度趋势，按日历期对齐
经营现金流BURLSHOP
| Q4 25 | $143.3M | $725.0M | ||
| Q3 25 | $179.4M | $513.0M | ||
| Q2 25 | $-28.9M | $428.0M | ||
| Q1 25 | $543.2M | $367.0M | ||
| Q4 24 | $110.4M | $615.0M | ||
| Q3 24 | $160.4M | $423.0M | ||
| Q2 24 | $49.4M | $340.0M | ||
| Q1 24 | $598.5M | $238.0M |
自由现金流BURLSHOP
| Q4 25 | $-109.6M | $715.0M | ||
| Q3 25 | $-101.0K | $507.0M | ||
| Q2 25 | $-438.6M | $422.0M | ||
| Q1 25 | $189.8M | $363.0M | ||
| Q4 24 | $-56.2M | $611.0M | ||
| Q3 24 | $-35.2M | $421.0M | ||
| Q2 24 | $-115.5M | $333.0M | ||
| Q1 24 | $410.3M | $232.0M |
自由现金流率BURLSHOP
| Q4 25 | -4.1% | 19.5% | ||
| Q3 25 | -0.0% | 17.8% | ||
| Q2 25 | -17.5% | 15.7% | ||
| Q1 25 | 5.8% | 15.4% | ||
| Q4 24 | -2.2% | 21.7% | ||
| Q3 24 | -1.4% | 19.5% | ||
| Q2 24 | -4.9% | 16.3% | ||
| Q1 24 | 13.1% | 12.5% |
资本支出强度BURLSHOP
| Q4 25 | 9.3% | 0.3% | ||
| Q3 25 | 6.6% | 0.2% | ||
| Q2 25 | 16.4% | 0.2% | ||
| Q1 25 | 10.8% | 0.2% | ||
| Q4 24 | 6.6% | 0.1% | ||
| Q3 24 | 7.9% | 0.1% | ||
| Q2 24 | 7.0% | 0.3% | ||
| Q1 24 | 6.0% | 0.3% |
现金转化率BURLSHOP
| Q4 25 | 1.37× | 0.98× | ||
| Q3 25 | 1.91× | 1.94× | ||
| Q2 25 | -0.29× | 0.47× | ||
| Q1 25 | 2.08× | — | ||
| Q4 24 | 1.22× | 0.48× | ||
| Q3 24 | 2.18× | 0.51× | ||
| Q2 24 | 0.63× | 1.99× | ||
| Q1 24 | 2.63× | — |
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
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
