vs
鲍德温（BWIN）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.的季度营收约是鲍德温的1.9倍（$663.0M vs $347.3M），Reddit, Inc.净利率更高（30.8% vs -7.5%，领先38.3%），Reddit, Inc.同比增速更快（69.0% vs 5.3%），Reddit, Inc.自由现金流更多（$311.0M vs $-68.9M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
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。
BWIN vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.9倍
$347.3M
营收增速更快
RDDT
高出63.7%
5.3%
净利率更高
RDDT
高出38.3%
-7.5%
自由现金流更多
RDDT
多$379.9M
$-68.9M
两年增速更快
RDDT
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $663.0M |
| 净利润 | $-25.9M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | -3.8% | 0.0% |
| 净利率 | -7.5% | 30.8% |
| 营收同比 | 5.3% | 69.0% |
| 净利润同比 | -28.3% | 680.0% |
| 每股收益（稀释后） | $-0.38 | $1.01 |
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BWINRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $347.3M | $725.6M | ||
| Q3 25 | $365.4M | $584.9M | ||
| Q2 25 | $378.8M | $499.6M | ||
| Q1 25 | $413.4M | $392.4M | ||
| Q4 24 | $329.9M | $427.7M | ||
| Q3 24 | $338.9M | $348.4M | ||
| Q2 24 | $339.8M | $281.2M |
净利润BWINRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $-25.9M | $251.6M | ||
| Q3 25 | $-18.7M | $162.7M | ||
| Q2 25 | $-3.2M | $89.3M | ||
| Q1 25 | $13.9M | $26.2M | ||
| Q4 24 | $-20.2M | $71.0M | ||
| Q3 24 | $-8.4M | $29.9M | ||
| Q2 24 | $-17.6M | $-10.1M |
毛利率BWINRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率BWINRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -3.8% | 31.9% | ||
| Q3 25 | 0.9% | 23.7% | ||
| Q2 25 | 7.4% | 13.6% | ||
| Q1 25 | 13.6% | 1.0% | ||
| Q4 24 | -1.7% | 12.4% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | 4.8% | -11.0% |
净利率BWINRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | -7.5% | 34.7% | ||
| Q3 25 | -5.1% | 27.8% | ||
| Q2 25 | -0.8% | 17.9% | ||
| Q1 25 | 3.4% | 6.7% | ||
| Q4 24 | -6.2% | 16.6% | ||
| Q3 24 | -2.5% | 8.6% | ||
| Q2 24 | -5.2% | -3.6% |
每股收益（稀释后）BWINRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $-0.38 | $1.24 | ||
| Q3 25 | $-0.27 | $0.80 | ||
| Q2 25 | $-0.05 | $0.45 | ||
| Q1 25 | $0.20 | $0.13 | ||
| Q4 24 | $-0.31 | $4.76 | ||
| Q3 24 | $-0.13 | $0.16 | ||
| Q2 24 | $-0.28 | $-0.06 |
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 | $123.7M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $3.2B |
| 总资产 | $3.9B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BWINRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $123.7M | $953.6M | ||
| Q3 25 | $89.7M | $911.7M | ||
| Q2 25 | $105.7M | $734.1M | ||
| Q1 25 | $81.8M | $635.7M | ||
| Q4 24 | $90.0M | $562.1M | ||
| Q3 24 | $181.8M | $515.9M | ||
| Q2 24 | $208.3M | $468.0M |
股东权益BWINRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $600.2M | $2.9B | ||
| Q3 25 | $619.7M | $2.6B | ||
| Q2 25 | $630.8M | $2.4B | ||
| Q1 25 | $619.6M | $2.2B | ||
| Q4 24 | $583.2M | $2.1B | ||
| Q3 24 | $595.4M | $2.0B | ||
| Q2 24 | $590.9M | $1.9B |
总资产BWINRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $3.8B | $2.9B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.5B | $2.4B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $3.7B | $2.1B |
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 | $-29.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $311.0M |
| 自由现金流率自由现金流/营收 | -19.9% | 46.9% |
| 资本支出强度资本支出/营收 | 11.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-137.8M | $868.6M |
8季度趋势，按日历期对齐
经营现金流BWINRDDT
| Q1 26 | — | — | ||
| Q4 25 | $-29.4M | $266.8M | ||
| Q3 25 | $41.0M | $185.2M | ||
| Q2 25 | $-16.7M | $111.3M | ||
| Q1 25 | $-64.0M | $127.6M | ||
| Q4 24 | $51.5M | $90.0M | ||
| Q3 24 | $32.4M | $71.6M | ||
| Q2 24 | $18.3M | $28.4M |
自由现金流BWINRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $-68.9M | $263.6M | ||
| Q3 25 | $32.2M | $183.1M | ||
| Q2 25 | $-28.1M | $110.8M | ||
| Q1 25 | $-72.9M | $126.6M | ||
| Q4 24 | $10.4M | $89.2M | ||
| Q3 24 | $22.2M | $70.3M | ||
| Q2 24 | $7.8M | $27.2M |
自由现金流率BWINRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | -19.9% | 36.3% | ||
| Q3 25 | 8.8% | 31.3% | ||
| Q2 25 | -7.4% | 22.2% | ||
| Q1 25 | -17.6% | 32.3% | ||
| Q4 24 | 3.2% | 20.8% | ||
| Q3 24 | 6.6% | 20.2% | ||
| Q2 24 | 2.3% | 9.7% |
资本支出强度BWINRDDT
| Q1 26 | — | — | ||
| Q4 25 | 11.4% | 0.4% | ||
| Q3 25 | 2.4% | 0.4% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 12.4% | 0.2% | ||
| Q3 24 | 3.0% | 0.4% | ||
| Q2 24 | 3.1% | 0.4% |
现金转化率BWINRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | -4.59× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
RDDT
暂无分部数据
