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Chewy, Inc.（CHWY）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.2倍（$3.1B vs $2.7B），Chewy, Inc.净利率更高（1.9% vs -1.4%，领先3.3%），Chewy, Inc.同比增速更快（8.3% vs -9.1%），QVC Group, Inc.自由现金流更多（$191.0M vs $175.8M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
CHWY vs QVCGA — 直观对比
营收规模更大
CHWY
是对方的1.2倍
$2.7B
营收增速更快
CHWY
高出17.4%
-9.1%
净利率更高
CHWY
高出3.3%
-1.4%
自由现金流更多
QVCGA
多$15.2M
$175.8M
两年增速更快
QVCGA
近两年复合增速
4.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.7B |
| 净利润 | $59.2M | $-37.0M |
| 毛利率 | 29.8% | 32.9% |
| 营业利润率 | 2.1% | 3.7% |
| 净利率 | 1.9% | -1.4% |
| 营收同比 | 8.3% | -9.1% |
| 净利润同比 | 1405.6% | 97.1% |
| 每股收益（稀释后） | $0.14 | $-17.37 |
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CHWYQVCGA
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $2.9B | $2.4B | ||
| Q1 24 | $2.8B | $2.3B |
净利润CHWYQVCGA
| Q4 25 | $59.2M | $-37.0M | ||
| Q3 25 | $62.0M | $-80.0M | ||
| Q2 25 | $62.4M | $-2.2B | ||
| Q1 25 | $22.8M | $-100.0M | ||
| Q4 24 | $3.9M | $-1.3B | ||
| Q3 24 | $299.1M | $-23.0M | ||
| Q2 24 | $66.9M | $20.0M | ||
| Q1 24 | $34.3M | $-1.0M |
毛利率CHWYQVCGA
| Q4 25 | 29.8% | 32.9% | ||
| Q3 25 | 30.4% | 34.0% | ||
| Q2 25 | 29.6% | 36.4% | ||
| Q1 25 | 28.5% | 34.2% | ||
| Q4 24 | 29.3% | 33.3% | ||
| Q3 24 | 29.5% | 35.3% | ||
| Q2 24 | 29.7% | 36.4% | ||
| Q1 24 | 28.2% | 35.5% |
营业利润率CHWYQVCGA
| Q4 25 | 2.1% | 3.7% | ||
| Q3 25 | 2.2% | 2.7% | ||
| Q2 25 | 2.5% | -101.6% | ||
| Q1 25 | -0.3% | 0.7% | ||
| Q4 24 | 0.9% | -43.2% | ||
| Q3 24 | 1.1% | 6.5% | ||
| Q2 24 | 2.2% | 6.9% | ||
| Q1 24 | -0.7% | 6.2% |
净利率CHWYQVCGA
| Q4 25 | 1.9% | -1.4% | ||
| Q3 25 | 2.0% | -3.6% | ||
| Q2 25 | 2.0% | -99.4% | ||
| Q1 25 | 0.7% | -4.8% | ||
| Q4 24 | 0.1% | -43.7% | ||
| Q3 24 | 10.5% | -1.0% | ||
| Q2 24 | 2.3% | 0.8% | ||
| Q1 24 | 1.2% | -0.0% |
每股收益（稀释后）CHWYQVCGA
| Q4 25 | $0.14 | $-17.37 | ||
| Q3 25 | $0.14 | $-9.89 | ||
| Q2 25 | $0.15 | $-275.46 | ||
| Q1 25 | $0.07 | $-0.25 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.68 | $-0.06 | ||
| Q2 24 | $0.15 | $2.57 | ||
| 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 | $701.5M | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $469.4M | $-3.1B |
| 总资产 | $3.3B | $7.6B |
| 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CHWYQVCGA
| Q4 25 | $701.5M | $2.0B | ||
| Q3 25 | $591.8M | $1.8B | ||
| Q2 25 | $616.4M | $897.0M | ||
| Q1 25 | $596.7M | $833.0M | ||
| Q4 24 | $507.5M | $905.0M | ||
| Q3 24 | $695.0M | $873.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.1B |
总债务CHWYQVCGA
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益CHWYQVCGA
| Q4 25 | $469.4M | $-3.1B | ||
| Q3 25 | $389.9M | $-3.1B | ||
| Q2 25 | $375.6M | $-3.0B | ||
| Q1 25 | $261.5M | $-981.0M | ||
| Q4 24 | $223.4M | $-971.0M | ||
| Q3 24 | $486.7M | $397.0M | ||
| Q2 24 | $642.9M | $328.0M | ||
| Q1 24 | $510.2M | $255.0M |
总资产CHWYQVCGA
| Q4 25 | $3.3B | $7.6B | ||
| Q3 25 | $3.1B | $7.6B | ||
| Q2 25 | $3.1B | $6.7B | ||
| Q1 25 | $3.0B | $9.0B | ||
| Q4 24 | $3.0B | $9.2B | ||
| Q3 24 | $3.1B | $10.8B | ||
| Q2 24 | $3.2B | $10.9B | ||
| Q1 24 | $3.2B | $11.0B |
负债/权益比CHWYQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $175.8M | $191.0M |
| 自由现金流率自由现金流/营收 | 5.6% | 7.1% |
| 资本支出强度资本支出/营收 | 1.0% | 2.0% |
| 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 | $118.0M |
8季度趋势，按日历期对齐
经营现金流CHWYQVCGA
| Q4 25 | $207.9M | $244.0M | ||
| Q3 25 | $133.9M | $4.0M | ||
| Q2 25 | $86.4M | $86.0M | ||
| Q1 25 | $207.5M | $-60.0M | ||
| Q4 24 | $183.5M | $212.0M | ||
| Q3 24 | $123.4M | $20.0M | ||
| Q2 24 | $81.9M | $267.0M | ||
| Q1 24 | $98.9M | $26.0M |
自由现金流CHWYQVCGA
| Q4 25 | $175.8M | $191.0M | ||
| Q3 25 | $105.9M | $-27.0M | ||
| Q2 25 | $48.7M | $48.0M | ||
| Q1 25 | $156.6M | $-94.0M | ||
| Q4 24 | $151.8M | $150.0M | ||
| Q3 24 | $91.5M | $-23.0M | ||
| Q2 24 | $52.6M | $213.0M | ||
| Q1 24 | $66.5M | $-14.0M |
自由现金流率CHWYQVCGA
| Q4 25 | 5.6% | 7.1% | ||
| Q3 25 | 3.4% | -1.2% | ||
| Q2 25 | 1.6% | 2.1% | ||
| Q1 25 | 4.8% | -4.5% | ||
| Q4 24 | 5.3% | 5.1% | ||
| Q3 24 | 3.2% | -1.0% | ||
| Q2 24 | 1.8% | 8.8% | ||
| Q1 24 | 2.3% | -0.6% |
资本支出强度CHWYQVCGA
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 0.9% | 1.4% | ||
| Q2 25 | 1.2% | 1.7% | ||
| Q1 25 | 1.6% | 1.6% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 1.1% | 1.8% | ||
| Q2 24 | 1.0% | 2.2% | ||
| Q1 24 | 1.1% | 1.7% |
现金转化率CHWYQVCGA
| 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× | 13.35× | ||
| 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
业务分部营收拆解
CHWY
暂无分部数据
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
