vs
宝尊电商（BZUN）与Chewy, Inc.（CHWY）财务数据对比。点击上方公司名可切换其他公司
Chewy, Inc.的季度营收约是宝尊电商的37.0倍（$3.1B vs $84.2M）。Chewy, Inc.净利率更高（1.9% vs -2.0%，领先3.9%）
宝尊是中国领先的品牌电商服务商，为全球及本土消费品牌提供店铺运营、数字营销、物流履约、客户服务、技术支持等全链路电商解决方案，覆盖时尚、美妆、快消、消费电子等多个核心零售领域。
Chewy Inc.是总部位于美国佛罗里达州普兰泰申的宠物用品线上零售商，主营宠物食品及各类宠物相关产品，2019年于纽约证券交易所挂牌上市，股票代码CHWY，是北美知名的宠物电商平台，为宠物主提供丰富可靠的一站式宠物消费选购服务。
BZUN vs CHWY — 直观对比
营收规模更大
CHWY
是对方的37.0倍
$84.2M
净利率更高
CHWY
高出3.9%
-2.0%
损益表 — Q2 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $84.2M | $3.1B |
| 净利润 | $-1.7M | $59.2M |
| 毛利率 | — | 29.8% |
| 营业利润率 | -1.7% | 2.1% |
| 净利率 | -2.0% | 1.9% |
| 营收同比 | — | 8.3% |
| 净利润同比 | — | 1405.6% |
| 每股收益（稀释后） | — | $0.14 |
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BZUNCHWY
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $84.2M | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | $83.0K | $2.9B | ||
| Q1 24 | — | $2.8B |
净利润BZUNCHWY
| Q4 25 | — | $59.2M | ||
| Q3 25 | — | $62.0M | ||
| Q2 25 | $-1.7M | $62.4M | ||
| Q1 25 | — | $22.8M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $299.1M | ||
| Q2 24 | $-1.7K | $66.9M | ||
| Q1 24 | — | $34.3M |
毛利率BZUNCHWY
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.6% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | 29.5% | ||
| Q2 24 | — | 29.7% | ||
| Q1 24 | — | 28.2% |
营业利润率BZUNCHWY
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | -1.7% | 2.5% | ||
| Q1 25 | — | -0.3% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | -1.7% | 2.2% | ||
| Q1 24 | — | -0.7% |
净利率BZUNCHWY
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | -2.0% | 2.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | -2.0% | 2.3% | ||
| Q1 24 | — | 1.2% |
每股收益（稀释后）BZUNCHWY
| Q4 25 | — | $0.14 | ||
| Q3 25 | — | $0.14 | ||
| Q2 25 | — | $0.15 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.68 | ||
| Q2 24 | — | $0.15 | ||
| Q1 24 | — | $0.08 |
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 | $6.9M | $701.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.7M | $469.4M |
| 总资产 | $25.9M | $3.3B |
| 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BZUNCHWY
| Q4 25 | — | $701.5M | ||
| Q3 25 | — | $591.8M | ||
| Q2 25 | $6.9M | $616.4M | ||
| Q1 25 | — | $596.7M | ||
| Q4 24 | — | $507.5M | ||
| Q3 24 | — | $695.0M | ||
| Q2 24 | $49.6K | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益BZUNCHWY
| Q4 25 | — | $469.4M | ||
| Q3 25 | — | $389.9M | ||
| Q2 25 | $10.7M | $375.6M | ||
| Q1 25 | — | $261.5M | ||
| Q4 24 | — | $223.4M | ||
| Q3 24 | — | $486.7M | ||
| Q2 24 | $80.2K | $642.9M | ||
| Q1 24 | — | $510.2M |
总资产BZUNCHWY
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $25.9M | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $188.8K | $3.2B | ||
| Q1 24 | — | $3.2B |
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 | — | $207.9M |
| 自由现金流经营现金流 - 资本支出 | — | $175.8M |
| 自由现金流率自由现金流/营收 | — | 5.6% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 3.51× |
| 过去12个月自由现金流最近4个季度 | — | $487.0M |
8季度趋势，按日历期对齐
经营现金流BZUNCHWY
| Q4 25 | — | $207.9M | ||
| Q3 25 | — | $133.9M | ||
| Q2 25 | — | $86.4M | ||
| Q1 25 | — | $207.5M | ||
| Q4 24 | — | $183.5M | ||
| Q3 24 | — | $123.4M | ||
| Q2 24 | $-1.7K | $81.9M | ||
| Q1 24 | — | $98.9M |
自由现金流BZUNCHWY
| Q4 25 | — | $175.8M | ||
| Q3 25 | — | $105.9M | ||
| Q2 25 | — | $48.7M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | — | $151.8M | ||
| Q3 24 | — | $91.5M | ||
| Q2 24 | $-2.8K | $52.6M | ||
| Q1 24 | — | $66.5M |
自由现金流率BZUNCHWY
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | -3.3% | 1.8% | ||
| Q1 24 | — | 2.3% |
资本支出强度BZUNCHWY
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | 1.3% | 1.0% | ||
| Q1 24 | — | 1.1% |
现金转化率BZUNCHWY
| Q4 25 | — | 3.51× | ||
| Q3 25 | — | 2.16× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 9.10× | ||
| Q4 24 | — | 46.66× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 1.22× | ||
| Q1 24 | — | 2.89× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
