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鲍德温（BWIN）与Revolve Group, Inc.（RVLV）财务数据对比。点击上方公司名可切换其他公司
鲍德温的季度营收约是Revolve Group, Inc.的1.1倍（$347.3M vs $324.4M），Revolve Group, Inc.净利率更高（5.7% vs -7.5%，领先13.2%），Revolve Group, Inc.同比增速更快（10.4% vs 5.3%），Revolve Group, Inc.自由现金流更多（$-13.3M vs $-68.9M），过去两年Revolve Group, Inc.的营收复合增速更高（9.5% 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。
Revolve Theatre Company是总部位于英国泰晤士河畔亨利的剧团，专注于创作演出政治题材和莎士比亚系列戏剧作品，由奥利弗·登奇、乔·莫里斯与汤姆·史密斯共同创立运营。
BWIN vs RVLV — 直观对比
营收规模更大
BWIN
是对方的1.1倍
$324.4M
营收增速更快
RVLV
高出5.2%
5.3%
净利率更高
RVLV
高出13.2%
-7.5%
自由现金流更多
RVLV
多$55.7M
$-68.9M
两年增速更快
RVLV
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $324.4M |
| 净利润 | $-25.9M | $18.6M |
| 毛利率 | — | 53.3% |
| 营业利润率 | -3.8% | 6.3% |
| 净利率 | -7.5% | 5.7% |
| 营收同比 | 5.3% | 10.4% |
| 净利润同比 | -28.3% | 50.4% |
| 每股收益（稀释后） | $-0.38 | $0.27 |
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BWINRVLV
| Q4 25 | $347.3M | $324.4M | ||
| Q3 25 | $365.4M | $295.6M | ||
| Q2 25 | $378.8M | $309.0M | ||
| Q1 25 | $413.4M | $296.7M | ||
| Q4 24 | $329.9M | $293.7M | ||
| Q3 24 | $338.9M | $283.1M | ||
| Q2 24 | $339.8M | $282.5M | ||
| Q1 24 | $380.4M | $270.6M |
净利润BWINRVLV
| Q4 25 | $-25.9M | $18.6M | ||
| Q3 25 | $-18.7M | $21.2M | ||
| Q2 25 | $-3.2M | $10.2M | ||
| Q1 25 | $13.9M | $11.8M | ||
| Q4 24 | $-20.2M | $12.3M | ||
| Q3 24 | $-8.4M | $11.0M | ||
| Q2 24 | $-17.6M | $15.4M | ||
| Q1 24 | $21.6M | $10.9M |
毛利率BWINRVLV
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% | ||
| Q1 24 | — | 52.3% |
营业利润率BWINRVLV
| Q4 25 | -3.8% | 6.3% | ||
| Q3 25 | 0.9% | 7.1% | ||
| Q2 25 | 7.4% | 5.8% | ||
| Q1 25 | 13.6% | 5.0% | ||
| Q4 24 | -1.7% | 3.9% | ||
| Q3 24 | 4.5% | 5.0% | ||
| Q2 24 | 4.8% | 5.8% | ||
| Q1 24 | 9.0% | 3.4% |
净利率BWINRVLV
| Q4 25 | -7.5% | 5.7% | ||
| Q3 25 | -5.1% | 7.2% | ||
| Q2 25 | -0.8% | 3.3% | ||
| Q1 25 | 3.4% | 4.0% | ||
| Q4 24 | -6.2% | 4.2% | ||
| Q3 24 | -2.5% | 3.9% | ||
| Q2 24 | -5.2% | 5.4% | ||
| Q1 24 | 5.7% | 4.0% |
每股收益（稀释后）BWINRVLV
| Q4 25 | $-0.38 | $0.27 | ||
| Q3 25 | $-0.27 | $0.29 | ||
| Q2 25 | $-0.05 | $0.14 | ||
| Q1 25 | $0.20 | $0.16 | ||
| Q4 24 | $-0.31 | $0.18 | ||
| Q3 24 | $-0.13 | $0.15 | ||
| Q2 24 | $-0.28 | $0.21 | ||
| Q1 24 | $0.33 | $0.15 |
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 | $292.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $512.5M |
| 总资产 | $3.9B | $765.0M |
| 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BWINRVLV
| Q4 25 | $123.7M | $292.3M | ||
| Q3 25 | $89.7M | $315.4M | ||
| Q2 25 | $105.7M | $310.7M | ||
| Q1 25 | $81.8M | $300.8M | ||
| Q4 24 | $90.0M | $256.6M | ||
| Q3 24 | $181.8M | $252.8M | ||
| Q2 24 | $208.3M | $244.7M | ||
| Q1 24 | $112.1M | $273.4M |
股东权益BWINRVLV
| Q4 25 | $600.2M | $512.5M | ||
| Q3 25 | $619.7M | $490.2M | ||
| Q2 25 | $630.8M | $468.6M | ||
| Q1 25 | $619.6M | $453.4M | ||
| Q4 24 | $583.2M | $437.8M | ||
| Q3 24 | $595.4M | $420.8M | ||
| Q2 24 | $590.9M | $405.8M | ||
| Q1 24 | $597.9M | $389.9M |
总资产BWINRVLV
| Q4 25 | $3.9B | $765.0M | ||
| Q3 25 | $3.8B | $751.3M | ||
| Q2 25 | $3.7B | $722.9M | ||
| Q1 25 | $3.5B | $713.9M | ||
| Q4 24 | $3.5B | $665.5M | ||
| Q3 24 | $3.5B | $670.9M | ||
| Q2 24 | $3.7B | $657.8M | ||
| Q1 24 | $3.5B | $650.0M |
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 | $-10.2M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $-13.3M |
| 自由现金流率自由现金流/营收 | -19.9% | -4.1% |
| 资本支出强度资本支出/营收 | 11.4% | 1.0% |
| 现金转化率经营现金流/净利润 | — | -0.55× |
| 过去12个月自由现金流最近4个季度 | $-137.8M | $48.0M |
8季度趋势，按日历期对齐
经营现金流BWINRVLV
| Q4 25 | $-29.4M | $-10.2M | ||
| Q3 25 | $41.0M | $11.8M | ||
| Q2 25 | $-16.7M | $12.6M | ||
| Q1 25 | $-64.0M | $45.1M | ||
| Q4 24 | $51.5M | $3.9M | ||
| Q3 24 | $32.4M | $9.1M | ||
| Q2 24 | $18.3M | $-24.7M | ||
| Q1 24 | $3.0M | $38.4M |
自由现金流BWINRVLV
| Q4 25 | $-68.9M | $-13.3M | ||
| Q3 25 | $32.2M | $7.5M | ||
| Q2 25 | $-28.1M | $10.4M | ||
| Q1 25 | $-72.9M | $43.4M | ||
| Q4 24 | $10.4M | $2.1M | ||
| Q3 24 | $22.2M | $8.0M | ||
| Q2 24 | $7.8M | $-25.7M | ||
| Q1 24 | $-5.1M | $36.7M |
自由现金流率BWINRVLV
| Q4 25 | -19.9% | -4.1% | ||
| Q3 25 | 8.8% | 2.5% | ||
| Q2 25 | -7.4% | 3.4% | ||
| Q1 25 | -17.6% | 14.6% | ||
| Q4 24 | 3.2% | 0.7% | ||
| Q3 24 | 6.6% | 2.8% | ||
| Q2 24 | 2.3% | -9.1% | ||
| Q1 24 | -1.4% | 13.5% |
资本支出强度BWINRVLV
| Q4 25 | 11.4% | 1.0% | ||
| Q3 25 | 2.4% | 1.5% | ||
| Q2 25 | 3.0% | 0.7% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 12.4% | 0.6% | ||
| Q3 24 | 3.0% | 0.4% | ||
| Q2 24 | 3.1% | 0.4% | ||
| Q1 24 | 2.1% | 0.6% |
现金转化率BWINRVLV
| Q4 25 | — | -0.55× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | -4.59× | 3.82× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | -1.60× | ||
| Q1 24 | 0.14× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
