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Chewy, Inc.（CHWY）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
Chewy, Inc.的季度营收约是捷迈邦美的1.5倍（$3.1B vs $2.1B），捷迈邦美净利率更高（11.4% vs 1.9%，领先9.5%），捷迈邦美同比增速更快（9.3% vs 8.3%），捷迈邦美自由现金流更多（$245.9M vs $175.8M），过去两年Chewy, Inc.的营收复合增速更高（4.6% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
CHWY vs ZBH — 直观对比
营收规模更大
CHWY
是对方的1.5倍
$2.1B
营收增速更快
ZBH
高出1.0%
8.3%
净利率更高
ZBH
高出9.5%
1.9%
自由现金流更多
ZBH
多$70.1M
$175.8M
两年增速更快
CHWY
近两年复合增速
3.7%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.1B |
| 净利润 | $59.2M | $238.3M |
| 毛利率 | 29.8% | 64.6% |
| 营业利润率 | 2.1% | 17.9% |
| 净利率 | 1.9% | 11.4% |
| 营收同比 | 8.3% | 9.3% |
| 净利润同比 | 1405.6% | 30.5% |
| 每股收益（稀释后） | $0.14 | $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CHWYZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.2B | $1.9B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $2.9B | $1.9B |
净利润CHWYZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $59.2M | $139.4M | ||
| Q3 25 | $62.0M | $230.9M | ||
| Q2 25 | $62.4M | $152.8M | ||
| Q1 25 | $22.8M | $182.0M | ||
| Q4 24 | $3.9M | $239.5M | ||
| Q3 24 | $299.1M | $249.1M | ||
| Q2 24 | $66.9M | $242.8M |
毛利率CHWYZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 29.8% | 64.7% | ||
| Q3 25 | 30.4% | 72.1% | ||
| Q2 25 | 29.6% | 71.5% | ||
| Q1 25 | 28.5% | 71.2% | ||
| Q4 24 | 29.3% | 71.0% | ||
| Q3 24 | 29.5% | 70.5% | ||
| Q2 24 | 29.7% | 71.5% |
营业利润率CHWYZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 2.1% | 6.9% | ||
| Q3 25 | 2.2% | 17.6% | ||
| Q2 25 | 2.5% | 14.4% | ||
| Q1 25 | -0.3% | 15.3% | ||
| Q4 24 | 0.9% | 19.2% | ||
| Q3 24 | 1.1% | 15.3% | ||
| Q2 24 | 2.2% | 18.1% |
净利率CHWYZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 1.9% | 6.2% | ||
| Q3 25 | 2.0% | 11.5% | ||
| Q2 25 | 2.0% | 7.4% | ||
| Q1 25 | 0.7% | 9.5% | ||
| Q4 24 | 0.1% | 11.8% | ||
| Q3 24 | 10.5% | 13.7% | ||
| Q2 24 | 2.3% | 12.5% |
每股收益（稀释后）CHWYZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.14 | $0.71 | ||
| Q3 25 | $0.14 | $1.16 | ||
| Q2 25 | $0.15 | $0.77 | ||
| Q1 25 | $0.07 | $0.91 | ||
| Q4 24 | $0.01 | $1.18 | ||
| Q3 24 | $0.68 | $1.23 | ||
| Q2 24 | $0.15 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $469.4M | $12.7B |
| 总资产 | $3.3B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CHWYZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $701.5M | $591.9M | ||
| Q3 25 | $591.8M | $1.3B | ||
| Q2 25 | $616.4M | $556.9M | ||
| Q1 25 | $596.7M | $1.4B | ||
| Q4 24 | $507.5M | $525.5M | ||
| Q3 24 | $695.0M | $569.0M | ||
| Q2 24 | $1.1B | $420.1M |
总债务CHWYZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CHWYZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $469.4M | $12.7B | ||
| Q3 25 | $389.9M | $12.8B | ||
| Q2 25 | $375.6M | $12.5B | ||
| Q1 25 | $261.5M | $12.4B | ||
| Q4 24 | $223.4M | $12.5B | ||
| Q3 24 | $486.7M | $12.4B | ||
| Q2 24 | $642.9M | $12.7B |
总资产CHWYZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $3.3B | $23.1B | ||
| Q3 25 | $3.1B | $23.5B | ||
| Q2 25 | $3.1B | $22.9B | ||
| Q1 25 | $3.0B | $22.2B | ||
| Q4 24 | $3.0B | $21.4B | ||
| Q3 24 | $3.1B | $21.7B | ||
| Q2 24 | $3.2B | $21.5B |
负债/权益比CHWYZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $175.8M | $245.9M |
| 自由现金流率自由现金流/营收 | 5.6% | 11.8% |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 3.51× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $487.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流CHWYZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $207.9M | $517.4M | ||
| Q3 25 | $133.9M | $418.7M | ||
| Q2 25 | $86.4M | $378.2M | ||
| Q1 25 | $207.5M | $382.8M | ||
| Q4 24 | $183.5M | $506.3M | ||
| Q3 24 | $123.4M | $395.7M | ||
| Q2 24 | $81.9M | $369.4M |
自由现金流CHWYZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $175.8M | $442.6M | ||
| Q3 25 | $105.9M | $363.7M | ||
| Q2 25 | $48.7M | $328.1M | ||
| Q1 25 | $156.6M | $338.2M | ||
| Q4 24 | $151.8M | $454.8M | ||
| Q3 24 | $91.5M | $351.2M | ||
| Q2 24 | $52.6M | $316.7M |
自由现金流率CHWYZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 5.6% | 19.7% | ||
| Q3 25 | 3.4% | 18.2% | ||
| Q2 25 | 1.6% | 15.8% | ||
| Q1 25 | 4.8% | 17.7% | ||
| Q4 24 | 5.3% | 22.5% | ||
| Q3 24 | 3.2% | 19.3% | ||
| Q2 24 | 1.8% | 16.3% |
资本支出强度CHWYZBH
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 3.3% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 1.2% | 2.4% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 1.1% | 2.5% | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 1.0% | 2.7% |
现金转化率CHWYZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 3.51× | 3.71× | ||
| Q3 25 | 2.16× | 1.81× | ||
| Q2 25 | 1.38× | 2.48× | ||
| Q1 25 | 9.10× | 2.10× | ||
| Q4 24 | 46.66× | 2.11× | ||
| Q3 24 | 0.41× | 1.59× | ||
| Q2 24 | 1.22× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
