vs
宝尊电商（BZUN）与GigaCloud Technology Inc（GCT）财务数据对比。点击上方公司名可切换其他公司
GigaCloud Technology Inc的季度营收约是宝尊电商的4.0倍（$332.6M vs $84.2M）。GigaCloud Technology Inc净利率更高（11.2% vs -2.0%，领先13.2%）
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。
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
BZUN vs GCT — 直观对比
营收规模更大
GCT
是对方的4.0倍
$84.2M
净利率更高
GCT
高出13.2%
-2.0%
损益表 — Q2 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $84.2M | $332.6M |
| 净利润 | $-1.7M | $37.2M |
| 毛利率 | — | 23.2% |
| 营业利润率 | -1.7% | 12.2% |
| 净利率 | -2.0% | 11.2% |
| 营收同比 | — | 9.7% |
| 净利润同比 | — | -8.6% |
| 每股收益（稀释后） | — | $0.99 |
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BZUNGCT
| Q3 25 | — | $332.6M | ||
| Q2 25 | $84.2M | $322.6M | ||
| Q1 25 | — | $271.9M | ||
| Q4 24 | — | $295.8M | ||
| Q3 24 | — | $303.3M | ||
| Q2 24 | $83.0K | $310.9M | ||
| Q1 24 | — | $251.1M | ||
| Q3 23 | — | $178.2M |
净利润BZUNGCT
| Q3 25 | — | $37.2M | ||
| Q2 25 | $-1.7M | $34.6M | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $31.0M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | $-1.7K | $27.0M | ||
| Q1 24 | — | $27.2M | ||
| Q3 23 | — | $24.2M |
毛利率BZUNGCT
| Q3 25 | — | 23.2% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 26.5% | ||
| Q3 23 | — | 27.4% |
营业利润率BZUNGCT
| Q3 25 | — | 12.2% | ||
| Q2 25 | -1.7% | 11.1% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | -1.7% | 8.8% | ||
| Q1 24 | — | 13.9% | ||
| Q3 23 | — | 17.8% |
净利率BZUNGCT
| Q3 25 | — | 11.2% | ||
| Q2 25 | -2.0% | 10.7% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | -2.0% | 8.7% | ||
| Q1 24 | — | 10.8% | ||
| Q3 23 | — | 13.6% |
每股收益（稀释后）BZUNGCT
| Q3 25 | — | $0.99 | ||
| Q2 25 | — | $0.91 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $0.65 | ||
| Q1 24 | — | $0.66 | ||
| Q3 23 | — | $0.59 |
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 | $365.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.7M | $457.3M |
| 总资产 | $25.9M | $1.1B |
| 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BZUNGCT
| Q3 25 | — | $365.9M | ||
| Q2 25 | $6.9M | $303.0M | ||
| Q1 25 | — | $286.8M | ||
| Q4 24 | — | $302.4M | ||
| Q3 24 | — | $259.8M | ||
| Q2 24 | $49.6K | $207.8M | ||
| Q1 24 | — | $195.3M | ||
| Q3 23 | — | — |
股东权益BZUNGCT
| Q3 25 | — | $457.3M | ||
| Q2 25 | $10.7M | $431.4M | ||
| Q1 25 | — | $412.9M | ||
| Q4 24 | — | $405.2M | ||
| Q3 24 | — | $400.4M | ||
| Q2 24 | $80.2K | $358.4M | ||
| Q1 24 | — | $317.8M | ||
| Q3 23 | — | $254.2M |
总资产BZUNGCT
| Q3 25 | — | $1.1B | ||
| Q2 25 | $25.9M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $188.8K | $1.1B | ||
| Q1 24 | — | $977.6M | ||
| Q3 23 | — | — |
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 | — | $78.3M |
| 自由现金流经营现金流 - 资本支出 | — | $77.1M |
| 自由现金流率自由现金流/营收 | — | 23.2% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 2.10× |
| 过去12个月自由现金流最近4个季度 | — | $188.1M |
8季度趋势，按日历期对齐
经营现金流BZUNGCT
| Q3 25 | — | $78.3M | ||
| Q2 25 | — | $38.6M | ||
| Q1 25 | — | $9.4M | ||
| Q4 24 | — | $68.4M | ||
| Q3 24 | — | $55.2M | ||
| Q2 24 | $-1.7K | $19.1M | ||
| Q1 24 | — | $15.3M | ||
| Q3 23 | — | — |
自由现金流BZUNGCT
| Q3 25 | — | $77.1M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | — | $66.9M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | $-2.8K | $12.9M | ||
| Q1 24 | — | $11.3M | ||
| Q3 23 | — | — |
自由现金流率BZUNGCT
| Q3 25 | — | 23.2% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | -3.3% | 4.2% | ||
| Q1 24 | — | 4.5% | ||
| Q3 23 | — | — |
资本支出强度BZUNGCT
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 1.3% | 2.0% | ||
| Q1 24 | — | 1.6% | ||
| Q3 23 | — | — |
现金转化率BZUNGCT
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.56× | ||
| Q3 23 | — | — |
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
BZUN
暂无分部数据
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
