Saturday 17 October 2026
Export BZUN’s income statement to Excel — free account
Baozun Inc.
BZUN Consumer Cyclical Internet Retail
Baozun Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 13.5%, EPS grew 150.0%, free cash flow grew 151.7% and total debt fell 5.57%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
3.71
0.04
+1.09%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
46.59 | 58.03 | 41.73 | 46.65 | 36.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
5 | 5 | 2 | 4 | 5 | 3 | 6 | 6 | 6 | 6 |
P/S ratio |
1.17 | 2.85 | 2.11 | 1.81 | 1.58 | 0.68 | 0.28 | 0.13 | 0.13 | 0.11 |
Altman Z-Score |
5.27 | 7.99 | 5.92 | 3.63 | 3.88 | 1.77 | 1.48 | 1.23 | 1.32 | 1.45 |
Altman Z″-Score (non-manufacturers) |
5.81 | 5.12 | 4.52 | 4.32 | 6.50 | 3.21 | 3.11 | 2.64 | 2.64 | 3.20 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 41.14 | 38.00 | 15.03 | 115.03 | 0.00 | 0.00 |
Beneish M-Score |
(1.77) | (1.08) | (1.79) | (2.24) | (2.21) | (1.97) | (3.00) | (2.83) | (2.74) | (2.68) |
P/Operating CF |
(418.32) | (1,335.48) | (1,214.47) | (1,391.65) | (1,574.78) | (736.06) | (252.98) | (115.36) | 11.74 | 2.56 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 45 |
P/B ratio |
2.52 | 6.48 | 5.18 | 5.09 | 2.28 | 1.26 | 0.56 | 0.26 | 0.29 | 0.20 |
Price to Tangible BV |
2.56 | 6.95 | 5.67 | 5.54 | 2.36 | 1.51 | 0.67 | 0.31 | 0.35 | 0.22 |
EV/Sales |
0.87 | 2.75 | 2.10 | 1.80 | 1.27 | 0.52 | 0.11 | 0.00 | 0.04 | (0.05) |
EV/EBITDA |
32.73 | 44.47 | 31.78 | 34.18 | 20.12 | 692.12 | 27.66 | 0.07 | 0.00 | 0.00 |
EV/Operating CF |
(43.29) | (69.89) | (43.24) | 383.00 | 12.56 | 5.59 | 0.90 | (0.01) | (4.27) | (1.22) |
EV/FCF |
(13.08) | (17.06) | (11.39) | (16.47) | 33.05 | 28.91 | 5.82 | (1.41) | (0.38) | 2.14 |
Quick Ratio |
2.10 | 1.55 | 1.23 | 1.80 | 3.37 | 1.47 | 1.50 | 1.42 | 1.33 | 1.37 |
Current Ratio |
2.72 | 2.15 | 1.86 | 2.45 | 4.17 | 1.93 | 2.01 | 1.94 | 1.93 | 1.87 |
Net Debt/EBITDA |
(7.10) | (1.41) | (0.15) | (0.16) | (3.87) | (11.27) | (9.25) | (43.25) | (13.12) | (5.73) |
Debt/Assets |
4.84% | 5.78% | 12.57% | 32.25% | 23.18% | 18.58% | 10.04% | 10.65% | 11.96% | 12.46% |
Debt/Equity |
0.07 | 0.09 | 0.23 | 0.88 | 0.40 | 0.45 | 0.24 | 0.26 | 0.30 | 0.22 |
Asset Turnover |
1.54 | 1.60 | 1.51 | 1.30 | 1.03 | 0.83 | 0.72 | 0.84 | 0.90 | 1.02 |
Operating CF/Net income |
0.16 | (0.81) | (0.37) | 1.07 | 0.73 | 0.44 | (0.59) | (1.61) | (0.55) | (1.74) |
Capex/Depreciation |
(2.57) | (6.90) | (2.89) | (1.27) | (1.05) | (1.70) | (1.32) | (0.91) | (0.85) | (0.69) |
Interest Coverage |
7.19 | 60.24 | 27.25 | 6.26 | 8.45 | 0.12 | 0.58 | (4.99) | (2.95) | 1.27 |
| 5.98% | 12.66% | 13.08% | 11.69% | 9.95% | (3.98%) | (13.45%) | (6.45%) | (4.36%) | (5.17%) | |
| 3.94% | 8.04% | 7.53% | 5.04% | 4.97% | (1.95%) | (5.57%) | (2.67%) | (1.77%) | (2.49%) | |
ROIC |
8.30% | 11.51% | 10.44% | 9.56% | 10.33% | 0.17% | 0.98% | (5.58%) | (2.99%) | 0.92% |
Return on Tangible Assets |
5.88% | 12.67% | 14.15% | 7.44% | 5.76% | (4.33%) | (14.81%) | (6.35%) | (4.32%) | (6.18%) |
Average Days of Receivables |
71.44 | 103.07 | 106.93 | 91.28 | 91.95 | 90.51 | 103.67 | 94.08 | 79.06 | 79.98 |
Research and Development Expense of Revenue |
2.82% | 3.39% | 4.99% | 5.40% | 4.63% | 4.77% | 5.09% | 5.73% | 5.84% | 4.66% |
Selling, General and Administrative Expense of Revenue |
22.04% | 24.76% | 27.70% | 27.91% | 26.60% | 32.73% | 36.26% | 41.82% | 43.51% | 46.24% |
Intangible Assets out of Total Assets |
0.01 | 0.04 | 0.05 | 0.03 | 0.02 | 0.07 | 0.07 | 0.06 | 0.07 | 0.07 |
Share Based Compensation of Revenue |
1.01% | 1.40% | 1.41% | 1.03% | 1.23% | 2.09% | 1.69% | 1.17% | 0.81% | 0.20% |
Graham Net Nets |
0.35 | 0.11 | 0.13 | 0.09 | 0.34 | 0.30 | 0.64 | 0.97 | 0.94 | 2.37 |
Graham Number |
4.99 | 8.23 | 9.42 | 10.19 | 17.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
2.15% | 1.72% | 2.40% | 2.14% | 2.78% | (3.38%) | (28.01%) | (25.00%) | (15.81%) | (21.80%) |
Free Cash Flow Yield |
(5.70%) | (5.65%) | (8.73%) | (6.03%) | 2.43% | 2.63% | 6.66% | 0.87% | (74.11%) | (22.30%) |
Revenue per Share |
9.77 | 11.80 | 13.85 | 18.27 | 21.73 | 20.44 | 19.94 | 20.85 | 21.55 | 24.59 |
Operating CF per Share |
0.04 | (0.48) | (0.25) | 0.76 | 0.76 | (0.21) | 0.91 | 1.06 | 0.23 | 1.04 |
Capex per Share |
(0.27) | (0.99) | (0.54) | (0.38) | (0.39) | (0.77) | (0.62) | (0.54) | (0.48) | (0.38) |
Free Cash Flow per Share |
(0.23) | (1.47) | (0.79) | 0.37 | 0.37 | (0.98) | 0.29 | 0.52 | (0.24) | 0.66 |
Cash per Share |
2.91 | 1.72 | 1.46 | 5.95 | 12.71 | 10.23 | 7.45 | 7.27 | 6.70 | 6.93 |
Shareholders Equity per Share |
4.53 | 5.19 | 5.64 | 6.50 | 15.05 | 11.01 | 10.06 | 10.10 | 9.40 | 13.44 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.53 | 5.19 | 5.64 | 6.50 | 15.05 | 11.01 | 10.06 | 10.10 | 9.40 | 13.44 |
Free Cash Flow |
(11.34) | (79.66) | (44.68) | 21.33 | 23.21 | (70.44) | 17.89 | 30.71 | (14.66) | 38.12 |
Working Capital |
197.58 | 202.49 | 218.70 | 483.55 | 1,067.06 | 694.75 | 538.69 | 497.59 | 474.92 | 451.58 |
Capital Expenditures |
(13.28) | (53.67) | (30.36) | (21.96) | (24.30) | (55.36) | (37.59) | (32.42) | (28.53) | (22.00) |
Net Current Asset Value |
197.58 | 201.92 | 208.22 | 170.11 | 738.35 | 305.16 | 219.35 | 152.57 | 153.08 | 364.07 |
EV/EBIT |
32.73 | 44.47 | 31.78 | 34.18 | 20.12 | 692.06 | 27.66 | 0.07 | 0.00 | 0.00 |
Capex to Sales |
0.03 | 0.08 | 0.04 | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 |
Price to Operating Income |
43.92 | 46.17 | 31.97 | 34.39 | 25.05 | 909.72 | 71.38 | 0.00 | 0.00 | 19.02 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.36 | 0.15 | 0.18 | 0.29 | 0.35 | 0.32 | 0.28 | 0.30 | 0.30 | 0.29 |
Cash ROIC |
(2.92%) | (19.90%) | (9.40%) | 2.05% | 1.10% | (3.73%) | 1.47% | 2.58% | (1.30%) | 2.82% |
Accounts Receivable Turnover |
6.19 | 4.63 | 3.83 | 4.26 | 4.50 | 4.17 | 3.42 | 3.73 | 4.31 | 4.81 |
Accounts Payable Turnover |
3.78 | 3.56 | 2.71 | 3.13 | 5.35 | 7.23 | 4.47 | 4.58 | 4.12 | 4.86 |
Inventory Turnover |
5.73 | 5.66 | 3.85 | 3.57 | 3.56 | 3.16 | 2.14 | 2.39 | 2.26 | 2.64 |
Average Days of Payables |
99.99 | 111.08 | 158.99 | 115.39 | 46.26 | 55.04 | 76.81 | 85.38 | 91.58 | 66.04 |
Days of Inventory on Hand |
59.27 | 73.22 | 116.66 | 117.99 | 112.59 | 119.59 | 152.57 | 158.34 | 164.87 | 124.61 |
Average Receivables |
78.84 | 137.82 | 204.92 | 245.62 | 301.60 | 353.68 | 355.77 | 332.92 | 299.75 | 295.62 |
Average Payables |
73.23 | 82.76 | 109.30 | 127.45 | 95.30 | 71.07 | 73.18 | 74.10 | 82.20 | 75.84 |
Average Inventory |
48.28 | 52.04 | 76.86 | 111.70 | 143.03 | 162.86 | 152.59 | 141.96 | 150.15 | 139.42 |
Average Assets |
316.37 | 399.26 | 520.74 | 801.72 | 1,312.34 | 1,769.22 | 1,700.37 | 1,471.46 | 1,436.83 | 1,392.08 |
Average Common Equity |
208.49 | 253.57 | 299.99 | 345.68 | 656.06 | 866.99 | 704.23 | 607.74 | 582.04 | 670.07 |
Columns are period end dates