vs
宝尊电商（BZUN）与凯撒娱乐（CZR）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是宝尊电商的34.6倍（$2.9B vs $84.2M）。宝尊电商净利率更高（-2.0% vs -8.6%，领先6.6%）
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。
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
BZUN vs CZR — 直观对比
营收规模更大
CZR
是对方的34.6倍
$84.2M
净利率更高
BZUN
高出6.6%
-8.6%
损益表 — Q2 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $84.2M | $2.9B |
| 净利润 | $-1.7M | $-250.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.7% | 11.4% |
| 净利率 | -2.0% | -8.6% |
| 营收同比 | — | 4.2% |
| 净利润同比 | — | -2372.7% |
| 每股收益（稀释后） | — | $-1.22 |
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BZUNCZR
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $84.2M | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | $83.0K | $2.8B | ||
| Q1 24 | — | $2.7B |
净利润BZUNCZR
| Q4 25 | — | $-250.0M | ||
| Q3 25 | — | $-55.0M | ||
| Q2 25 | $-1.7M | $-82.0M | ||
| Q1 25 | — | $-115.0M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | $-1.7K | $-122.0M | ||
| Q1 24 | — | $-158.0M |
营业利润率BZUNCZR
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | -1.7% | 18.1% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 22.4% | ||
| Q2 24 | -1.7% | 17.9% | ||
| Q1 24 | — | 17.7% |
净利率BZUNCZR
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | -1.9% | ||
| Q2 25 | -2.0% | -2.8% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | -2.0% | -4.3% | ||
| Q1 24 | — | -5.8% |
每股收益（稀释后）BZUNCZR
| Q4 25 | — | $-1.22 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-0.39 | ||
| Q1 25 | — | $-0.54 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.56 | ||
| Q1 24 | — | $-0.73 |
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 | $887.0M |
| 总债务越低越好 | — | $11.9B |
| 股东权益账面价值 | $10.7M | $3.5B |
| 总资产 | $25.9M | $31.6B |
| 负债/权益比越低杠杆越低 | — | 3.40× |
8季度趋势，按日历期对齐
现金及短期投资BZUNCZR
| Q4 25 | — | $887.0M | ||
| Q3 25 | — | $836.0M | ||
| Q2 25 | $6.9M | $982.0M | ||
| Q1 25 | — | $884.0M | ||
| Q4 24 | — | $866.0M | ||
| Q3 24 | — | $802.0M | ||
| Q2 24 | $49.6K | $830.0M | ||
| Q1 24 | — | $726.0M |
总债务BZUNCZR
| Q4 25 | — | $11.9B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | — | $12.3B | ||
| Q1 25 | — | $12.3B | ||
| Q4 24 | — | $12.3B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.4B | ||
| Q1 24 | — | $12.4B |
股东权益BZUNCZR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $10.7M | $3.9B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $80.2K | $4.3B | ||
| Q1 24 | — | $4.4B |
总资产BZUNCZR
| Q4 25 | — | $31.6B | ||
| Q3 25 | — | $31.9B | ||
| Q2 25 | $25.9M | $32.5B | ||
| Q1 25 | — | $32.4B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $33.0B | ||
| Q2 24 | $188.8K | $33.1B | ||
| Q1 24 | — | $33.1B |
负债/权益比BZUNCZR
| Q4 25 | — | 3.40× | ||
| Q3 25 | — | 3.15× | ||
| Q2 25 | — | 3.15× | ||
| Q1 25 | — | 3.04× | ||
| Q4 24 | — | 2.96× | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | 2.89× | ||
| Q1 24 | — | 2.82× |
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 | — | $304.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 5.4% |
| 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 | — | $497.0M |
8季度趋势，按日历期对齐
经营现金流BZUNCZR
| Q4 25 | — | $304.0M | ||
| Q3 25 | — | $318.0M | ||
| Q2 25 | — | $462.0M | ||
| Q1 25 | — | $218.0M | ||
| Q4 24 | — | $309.0M | ||
| Q3 24 | — | $232.0M | ||
| Q2 24 | $-1.7K | $454.0M | ||
| Q1 24 | — | $80.0M |
自由现金流BZUNCZR
| Q4 25 | — | $147.0M | ||
| Q3 25 | — | $123.0M | ||
| Q2 25 | — | $232.0M | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | $-2.8K | $125.0M | ||
| Q1 24 | — | $-184.0M |
自由现金流率BZUNCZR
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | -6.7% | ||
| Q2 24 | -3.3% | 4.4% | ||
| Q1 24 | — | -6.7% |
资本支出强度BZUNCZR
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 14.8% | ||
| Q2 24 | 1.3% | 11.6% | ||
| Q1 24 | — | 9.6% |
现金转化率BZUNCZR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 28.09× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
