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Chewy, Inc.（CHWY）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Chewy, Inc.的1.2倍（$3.8B vs $3.1B），Chewy, Inc.净利率更高（1.9% vs -31.8%，领先33.7%），Chewy, Inc.同比增速更快（8.3% vs -4.3%），Chewy, Inc.自由现金流更多（$175.8M vs $-583.4M），过去两年Chewy, Inc.的营收复合增速更高（4.6% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
CHWY vs SATS — 直观对比
营收规模更大
SATS
是对方的1.2倍
$3.1B
营收增速更快
CHWY
高出12.6%
-4.3%
净利率更高
CHWY
高出33.7%
-31.8%
自由现金流更多
CHWY
多$759.2M
$-583.4M
两年增速更快
CHWY
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.8B |
| 净利润 | $59.2M | $-1.2B |
| 毛利率 | 29.8% | — |
| 营业利润率 | 2.1% | -20.5% |
| 净利率 | 1.9% | -31.8% |
| 营收同比 | 8.3% | -4.3% |
| 净利润同比 | 1405.6% | -460.1% |
| 每股收益（稀释后） | $0.14 | $-4.27 |
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CHWYSATS
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $3.1B | $3.6B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $3.2B | $3.9B | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $2.9B | $3.9B | ||
| Q2 24 | $2.9B | $4.0B | ||
| Q1 24 | $2.8B | $4.0B |
净利润CHWYSATS
| Q4 25 | $59.2M | $-1.2B | ||
| Q3 25 | $62.0M | $-12.8B | ||
| Q2 25 | $62.4M | $-306.1M | ||
| Q1 25 | $22.8M | $-202.7M | ||
| Q4 24 | $3.9M | $335.2M | ||
| Q3 24 | $299.1M | $-141.8M | ||
| Q2 24 | $66.9M | $-205.6M | ||
| Q1 24 | $34.3M | $-107.4M |
毛利率CHWYSATS
| 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CHWYSATS
| Q4 25 | 2.1% | -20.5% | ||
| Q3 25 | 2.2% | -460.5% | ||
| Q2 25 | 2.5% | -5.7% | ||
| Q1 25 | -0.3% | -2.3% | ||
| Q4 24 | 0.9% | -1.6% | ||
| Q3 24 | 1.1% | -4.1% | ||
| Q2 24 | 2.2% | -1.7% | ||
| Q1 24 | -0.7% | -0.4% |
净利率CHWYSATS
| Q4 25 | 1.9% | -31.8% | ||
| Q3 25 | 2.0% | -353.6% | ||
| Q2 25 | 2.0% | -8.2% | ||
| Q1 25 | 0.7% | -5.2% | ||
| Q4 24 | 0.1% | 8.5% | ||
| Q3 24 | 10.5% | -3.6% | ||
| Q2 24 | 2.3% | -5.2% | ||
| Q1 24 | 1.2% | -2.7% |
每股收益（稀释后）CHWYSATS
| Q4 25 | $0.14 | $-4.27 | ||
| Q3 25 | $0.14 | $-44.37 | ||
| Q2 25 | $0.15 | $-1.06 | ||
| Q1 25 | $0.07 | $-0.71 | ||
| Q4 24 | $0.01 | $1.24 | ||
| Q3 24 | $0.68 | $-0.52 | ||
| Q2 24 | $0.15 | $-0.76 | ||
| Q1 24 | $0.08 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $469.4M | $5.8B |
| 总资产 | $3.3B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资CHWYSATS
| Q4 25 | $701.5M | $3.0B | ||
| Q3 25 | $591.8M | $3.9B | ||
| Q2 25 | $616.4M | $4.3B | ||
| Q1 25 | $596.7M | $5.1B | ||
| Q4 24 | $507.5M | $5.5B | ||
| Q3 24 | $695.0M | $674.4M | ||
| Q2 24 | $1.1B | $520.6M | ||
| Q1 24 | $1.1B | $766.4M |
总债务CHWYSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益CHWYSATS
| Q4 25 | $469.4M | $5.8B | ||
| Q3 25 | $389.9M | $7.0B | ||
| Q2 25 | $375.6M | $19.7B | ||
| Q1 25 | $261.5M | $20.0B | ||
| Q4 24 | $223.4M | $20.2B | ||
| Q3 24 | $486.7M | $19.4B | ||
| Q2 24 | $642.9M | $19.6B | ||
| Q1 24 | $510.2M | $19.8B |
总资产CHWYSATS
| Q4 25 | $3.3B | $43.0B | ||
| Q3 25 | $3.1B | $45.3B | ||
| Q2 25 | $3.1B | $59.9B | ||
| Q1 25 | $3.0B | $60.6B | ||
| Q4 24 | $3.0B | $60.9B | ||
| Q3 24 | $3.1B | $57.5B | ||
| Q2 24 | $3.2B | $55.3B | ||
| Q1 24 | $3.2B | $55.6B |
负债/权益比CHWYSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $175.8M | $-583.4M |
| 自由现金流率自由现金流/营收 | 5.6% | -15.4% |
| 资本支出强度资本支出/营收 | 1.0% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
经营现金流CHWYSATS
| Q4 25 | $207.9M | $-425.3M | ||
| Q3 25 | $133.9M | $111.7M | ||
| Q2 25 | $86.4M | $7.5M | ||
| Q1 25 | $207.5M | $206.8M | ||
| Q4 24 | $183.5M | $45.6M | ||
| Q3 24 | $123.4M | $276.2M | ||
| Q2 24 | $81.9M | $479.7M | ||
| Q1 24 | $98.9M | $451.3M |
自由现金流CHWYSATS
| Q4 25 | $175.8M | $-583.4M | ||
| Q3 25 | $105.9M | $-144.4M | ||
| Q2 25 | $48.7M | $-285.7M | ||
| Q1 25 | $156.6M | $-51.7M | ||
| Q4 24 | $151.8M | $-298.7M | ||
| Q3 24 | $91.5M | $-57.5M | ||
| Q2 24 | $52.6M | $132.4M | ||
| Q1 24 | $66.5M | $-68.4M |
自由现金流率CHWYSATS
| Q4 25 | 5.6% | -15.4% | ||
| Q3 25 | 3.4% | -4.0% | ||
| Q2 25 | 1.6% | -7.7% | ||
| Q1 25 | 4.8% | -1.3% | ||
| Q4 24 | 5.3% | -7.5% | ||
| Q3 24 | 3.2% | -1.5% | ||
| Q2 24 | 1.8% | 3.3% | ||
| Q1 24 | 2.3% | -1.7% |
资本支出强度CHWYSATS
| Q4 25 | 1.0% | 4.2% | ||
| Q3 25 | 0.9% | 7.1% | ||
| Q2 25 | 1.2% | 7.9% | ||
| Q1 25 | 1.6% | 6.7% | ||
| Q4 24 | 1.1% | 8.7% | ||
| Q3 24 | 1.1% | 8.6% | ||
| Q2 24 | 1.0% | 8.8% | ||
| Q1 24 | 1.1% | 12.9% |
现金转化率CHWYSATS
| Q4 25 | 3.51× | — | ||
| Q3 25 | 2.16× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 9.10× | — | ||
| Q4 24 | 46.66× | 0.14× | ||
| 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
业务分部营收拆解
CHWY
暂无分部数据
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
