vs
Chewy, Inc.（CHWY）与酷澎（CPNG）财务数据对比。点击上方公司名可切换其他公司
酷澎的季度营收约是Chewy, Inc.的2.8倍（$8.8B vs $3.1B）。Chewy, Inc.净利率更高（1.9% vs -0.3%，领先2.2%）。酷澎同比增速更快（10.9% vs 8.3%）。Chewy, Inc.自由现金流更多（$175.8M vs $-278.0M）。过去两年酷澎的营收复合增速更高（11.4% vs 4.6%）
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。
酷澎（Coupang, Inc.）是2010年由金范锡创立的科技与线上零售企业，注册地为美国特拉华州，总部设于华盛顿州西雅图。公司核心业务覆盖电商零售、食品配送及OTT流媒体服务，业务布局及办公网点遍及韩国、中国台湾、美国、印度、日本、新加坡等多个国家和地区。
CHWY vs CPNG — 直观对比
营收规模更大
CPNG
是对方的2.8倍
$3.1B
营收增速更快
CPNG
高出2.6%
8.3%
净利率更高
CHWY
高出2.2%
-0.3%
自由现金流更多
CHWY
多$453.8M
$-278.0M
两年增速更快
CPNG
近两年复合增速
4.6%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $8.8B |
| 净利润 | $59.2M | $-26.0M |
| 毛利率 | 29.8% | 28.8% |
| 营业利润率 | 2.1% | 0.1% |
| 净利率 | 1.9% | -0.3% |
| 营收同比 | 8.3% | 10.9% |
| 净利润同比 | 1405.6% | -116.7% |
| 每股收益（稀释后） | $0.14 | $-0.02 |
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CHWYCPNG
| Q4 25 | $3.1B | $8.8B | ||
| Q3 25 | $3.1B | $9.3B | ||
| Q2 25 | $3.1B | $8.5B | ||
| Q1 25 | $3.2B | $7.9B | ||
| Q4 24 | $2.9B | $8.0B | ||
| Q3 24 | $2.9B | $7.9B | ||
| Q2 24 | $2.9B | $7.3B | ||
| Q1 24 | $2.8B | $7.1B |
净利润CHWYCPNG
| Q4 25 | $59.2M | $-26.0M | ||
| Q3 25 | $62.0M | $95.0M | ||
| Q2 25 | $62.4M | $32.0M | ||
| Q1 25 | $22.8M | $107.0M | ||
| Q4 24 | $3.9M | $156.0M | ||
| Q3 24 | $299.1M | $70.0M | ||
| Q2 24 | $66.9M | $-77.0M | ||
| Q1 24 | $34.3M | $5.0M |
毛利率CHWYCPNG
| Q4 25 | 29.8% | 28.8% | ||
| Q3 25 | 30.4% | 29.4% | ||
| Q2 25 | 29.6% | 30.0% | ||
| Q1 25 | 28.5% | 29.3% | ||
| Q4 24 | 29.3% | 31.3% | ||
| Q3 24 | 29.5% | 28.8% | ||
| Q2 24 | 29.7% | 29.3% | ||
| Q1 24 | 28.2% | 27.1% |
营业利润率CHWYCPNG
| Q4 25 | 2.1% | 0.1% | ||
| Q3 25 | 2.2% | 1.7% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | -0.3% | 1.9% | ||
| Q4 24 | 0.9% | 3.9% | ||
| Q3 24 | 1.1% | 1.4% | ||
| Q2 24 | 2.2% | -0.3% | ||
| Q1 24 | -0.7% | 0.6% |
净利率CHWYCPNG
| Q4 25 | 1.9% | -0.3% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 2.0% | 0.4% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 0.1% | 2.0% | ||
| Q3 24 | 10.5% | 0.9% | ||
| Q2 24 | 2.3% | -1.1% | ||
| Q1 24 | 1.2% | 0.1% |
每股收益（稀释后）CHWYCPNG
| Q4 25 | $0.14 | $-0.02 | ||
| Q3 25 | $0.14 | $0.05 | ||
| Q2 25 | $0.15 | $0.02 | ||
| Q1 25 | $0.07 | $0.06 | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $0.68 | $0.04 | ||
| Q2 24 | $0.15 | $-0.04 | ||
| Q1 24 | $0.08 | $0.00 |
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 | $701.5M | $6.3B |
| 总债务越低越好 | — | $648.0M |
| 股东权益账面价值 | $469.4M | $4.6B |
| 总资产 | $3.3B | $17.8B |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资CHWYCPNG
| Q4 25 | $701.5M | $6.3B | ||
| Q3 25 | $591.8M | $7.2B | ||
| Q2 25 | $616.4M | $6.8B | ||
| Q1 25 | $596.7M | $6.1B | ||
| Q4 24 | $507.5M | $5.9B | ||
| Q3 24 | $695.0M | $5.8B | ||
| Q2 24 | $1.1B | $5.5B | ||
| Q1 24 | $1.1B | $5.2B |
总债务CHWYCPNG
| Q4 25 | — | $648.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CHWYCPNG
| Q4 25 | $469.4M | $4.6B | ||
| Q3 25 | $389.9M | $4.7B | ||
| Q2 25 | $375.6M | $4.7B | ||
| Q1 25 | $261.5M | $4.4B | ||
| Q4 24 | $223.4M | $4.1B | ||
| Q3 24 | $486.7M | $4.2B | ||
| Q2 24 | $642.9M | $3.9B | ||
| Q1 24 | $510.2M | $4.1B |
总资产CHWYCPNG
| Q4 25 | $3.3B | $17.8B | ||
| Q3 25 | $3.1B | $18.7B | ||
| Q2 25 | $3.1B | $17.8B | ||
| Q1 25 | $3.0B | $16.0B | ||
| Q4 24 | $3.0B | $15.3B | ||
| Q3 24 | $3.1B | $16.3B | ||
| Q2 24 | $3.2B | $15.2B | ||
| Q1 24 | $3.2B | $14.9B |
负债/权益比CHWYCPNG
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $82.0M |
| 自由现金流经营现金流 - 资本支出 | $175.8M | $-278.0M |
| 自由现金流率自由现金流/营收 | 5.6% | -3.1% |
| 资本支出强度资本支出/营收 | 1.0% | 4.1% |
| 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 | $522.0M |
8季度趋势，按日历期对齐
经营现金流CHWYCPNG
| Q4 25 | $207.9M | $82.0M | ||
| Q3 25 | $133.9M | $792.0M | ||
| Q2 25 | $86.4M | $545.0M | ||
| Q1 25 | $207.5M | $354.0M | ||
| Q4 24 | $183.5M | $676.0M | ||
| Q3 24 | $123.4M | $334.0M | ||
| Q2 24 | $81.9M | $664.0M | ||
| Q1 24 | $98.9M | $212.0M |
自由现金流CHWYCPNG
| Q4 25 | $175.8M | $-278.0M | ||
| Q3 25 | $105.9M | $439.0M | ||
| Q2 25 | $48.7M | $246.0M | ||
| Q1 25 | $156.6M | $115.0M | ||
| Q4 24 | $151.8M | $462.0M | ||
| Q3 24 | $91.5M | $-46.0M | ||
| Q2 24 | $52.6M | $486.0M | ||
| Q1 24 | $66.5M | $105.0M |
自由现金流率CHWYCPNG
| Q4 25 | 5.6% | -3.1% | ||
| Q3 25 | 3.4% | 4.7% | ||
| Q2 25 | 1.6% | 2.9% | ||
| Q1 25 | 4.8% | 1.5% | ||
| Q4 24 | 5.3% | 5.8% | ||
| Q3 24 | 3.2% | -0.6% | ||
| Q2 24 | 1.8% | 6.6% | ||
| Q1 24 | 2.3% | 1.5% |
资本支出强度CHWYCPNG
| Q4 25 | 1.0% | 4.1% | ||
| Q3 25 | 0.9% | 3.8% | ||
| Q2 25 | 1.2% | 3.5% | ||
| Q1 25 | 1.6% | 3.0% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 1.1% | 4.8% | ||
| Q2 24 | 1.0% | 2.4% | ||
| Q1 24 | 1.1% | 1.5% |
现金转化率CHWYCPNG
| Q4 25 | 3.51× | — | ||
| Q3 25 | 2.16× | 8.34× | ||
| Q2 25 | 1.38× | 17.03× | ||
| Q1 25 | 9.10× | 3.31× | ||
| Q4 24 | 46.66× | 4.33× | ||
| Q3 24 | 0.41× | 4.77× | ||
| Q2 24 | 1.22× | — | ||
| Q1 24 | 2.89× | 42.40× |
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
CHWY
暂无分部数据
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
