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爱科（AGCO）与亿客行集团（EXPE）财务数据对比。点击上方公司名可切换其他公司
亿客行集团的季度营收约是爱科的1.2倍（$3.5B vs $2.9B），亿客行集团净利率更高（5.8% vs 3.3%，领先2.5%），亿客行集团同比增速更快（18.7% vs 1.1%），过去两年爱科的营收复合增速更高（-0.1% vs -0.2%）
AGCO是1990年成立的美国农业机械制造商，总部位于佐治亚州德卢斯。公司主营设计、生产及销售拖拉机、联合收割机、青贮收获机、牧草设备、自走式喷雾机、播种耕作设备等产品，同时提供智慧农业相关技术解决方案。
亿客行集团是总部位于美国西雅图的在线旅游服务商，旗下旅行预订平台Expedia于1996年由微软推出。用户可通过其官方网站及移动应用预订机票、酒店、租车、邮轮、特色活动及度假短租等产品，为全球消费者提供便捷的一站式旅行服务解决方案。
AGCO vs EXPE — 直观对比
营收规模更大
EXPE
是对方的1.2倍
$2.9B
营收增速更快
EXPE
高出17.6%
1.1%
净利率更高
EXPE
高出2.5%
3.3%
两年增速更快
AGCO
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.5B |
| 净利润 | $95.5M | $205.0M |
| 毛利率 | 25.4% | — |
| 营业利润率 | 7.9% | 11.8% |
| 净利率 | 3.3% | 5.8% |
| 营收同比 | 1.1% | 18.7% |
| 净利润同比 | 137.3% | 202.5% |
| 每股收益（稀释后） | $1.30 | $1.56 |
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AGCOEXPE
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.9B | $3.5B | ||
| Q3 25 | $2.5B | $4.4B | ||
| Q2 25 | $2.6B | $3.8B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $3.2B | $3.6B |
净利润AGCOEXPE
| Q1 26 | — | $205.0M | ||
| Q4 25 | $95.5M | $205.0M | ||
| Q3 25 | $305.7M | $959.0M | ||
| Q2 25 | $314.8M | $330.0M | ||
| Q1 25 | $10.5M | $-200.0M | ||
| Q4 24 | $-255.7M | $299.0M | ||
| Q3 24 | $30.0M | $684.0M | ||
| Q2 24 | $-367.1M | $386.0M |
毛利率AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | — | ||
| Q3 25 | 26.1% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 25.4% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 25.8% | — |
营业利润率AGCOEXPE
| Q1 26 | — | 11.8% | ||
| Q4 25 | 7.9% | 11.8% | ||
| Q3 25 | 6.1% | 23.5% | ||
| Q2 25 | 6.2% | 12.8% | ||
| Q1 25 | 2.4% | -2.3% | ||
| Q4 24 | -9.3% | 6.8% | ||
| Q3 24 | 4.4% | 18.8% | ||
| Q2 24 | -7.4% | 12.7% |
净利率AGCOEXPE
| Q1 26 | — | 5.8% | ||
| Q4 25 | 3.3% | 5.8% | ||
| Q3 25 | 12.3% | 21.7% | ||
| Q2 25 | 11.9% | 8.7% | ||
| Q1 25 | 0.5% | -6.7% | ||
| Q4 24 | -8.9% | 9.4% | ||
| Q3 24 | 1.2% | 16.8% | ||
| Q2 24 | -11.3% | 10.8% |
每股收益（稀释后）AGCOEXPE
| Q1 26 | — | $1.56 | ||
| Q4 25 | $1.30 | $1.56 | ||
| Q3 25 | $4.09 | $7.33 | ||
| Q2 25 | $4.22 | $2.48 | ||
| Q1 25 | $0.14 | $-1.56 | ||
| Q4 24 | $-3.42 | $2.10 | ||
| Q3 24 | $0.40 | $5.04 | ||
| Q2 24 | $-4.92 | $2.80 |
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 | $861.8M | $5.7B |
| 总债务越低越好 | $2.4B | $6.2B |
| 股东权益账面价值 | $4.3B | $1.3B |
| 总资产 | $11.9B | $24.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 4.80× |
8季度趋势，按日历期对齐
现金及短期投资AGCOEXPE
| Q1 26 | — | $5.7B | ||
| Q4 25 | $861.8M | $5.7B | ||
| Q3 25 | $884.1M | $6.2B | ||
| Q2 25 | $783.9M | $6.7B | ||
| Q1 25 | $562.6M | $6.1B | ||
| Q4 24 | $612.7M | $4.5B | ||
| Q3 24 | $622.6M | $4.9B | ||
| Q2 24 | $657.3M | $6.3B |
总债务AGCOEXPE
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.4B | $6.2B | ||
| Q3 25 | $2.7B | $6.2B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | $2.8B | $6.2B | ||
| Q4 24 | $2.6B | $6.3B | ||
| Q3 24 | $4.0B | $6.3B | ||
| Q2 24 | $3.9B | $6.3B |
股东权益AGCOEXPE
| Q1 26 | — | $1.3B | ||
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $4.5B | $1.3B | ||
| Q2 25 | $4.2B | $836.0M | ||
| Q1 25 | $3.8B | $1.1B | ||
| Q4 24 | $3.7B | $1.6B | ||
| Q3 24 | $4.1B | $1.3B | ||
| Q2 24 | $4.1B | $889.0M |
总资产AGCOEXPE
| Q1 26 | — | $24.5B | ||
| Q4 25 | $11.9B | $24.5B | ||
| Q3 25 | $12.5B | $25.1B | ||
| Q2 25 | $12.3B | $27.0B | ||
| Q1 25 | $11.5B | $26.1B | ||
| Q4 24 | $11.2B | $22.4B | ||
| Q3 24 | $13.5B | $23.4B | ||
| Q2 24 | $13.6B | $25.9B |
负债/权益比AGCOEXPE
| Q1 26 | — | 4.80× | ||
| Q4 25 | 0.56× | 4.80× | ||
| Q3 25 | 0.61× | 4.65× | ||
| Q2 25 | 0.68× | 7.43× | ||
| Q1 25 | 0.74× | 5.79× | ||
| Q4 24 | 0.68× | 4.02× | ||
| Q3 24 | 0.95× | 4.74× | ||
| Q2 24 | 0.95× | 7.04× |
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 | $763.6M | — |
| 自由现金流经营现金流 - 资本支出 | $675.0M | — |
| 自由现金流率自由现金流/营收 | 23.1% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 8.00× | — |
| 过去12个月自由现金流最近4个季度 | $740.2M | — |
8季度趋势，按日历期对齐
经营现金流AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | $763.6M | $304.0M | ||
| Q3 25 | $71.0M | $-497.0M | ||
| Q2 25 | $365.7M | $1.1B | ||
| Q1 25 | $-212.2M | $3.0B | ||
| Q4 24 | $797.9M | $198.0M | ||
| Q3 24 | $26.5M | $-1.5B | ||
| Q2 24 | $235.5M | $1.5B |
自由现金流AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | $675.0M | $119.0M | ||
| Q3 25 | $2.1M | $-686.0M | ||
| Q2 25 | $323.5M | $921.0M | ||
| Q1 25 | $-260.4M | $2.8B | ||
| Q4 24 | $683.9M | $7.0M | ||
| Q3 24 | $-59.8M | $-1.7B | ||
| Q2 24 | $137.5M | $1.3B |
自由现金流率AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 3.4% | ||
| Q3 25 | 0.1% | -15.5% | ||
| Q2 25 | 12.3% | 24.3% | ||
| Q1 25 | -12.7% | 92.2% | ||
| Q4 24 | 23.7% | 0.2% | ||
| Q3 24 | -2.3% | -41.6% | ||
| Q2 24 | 4.2% | 36.7% |
资本支出强度AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 5.2% | ||
| Q3 25 | 2.8% | 4.3% | ||
| Q2 25 | 1.6% | 5.3% | ||
| Q1 25 | 2.4% | 6.6% | ||
| Q4 24 | 3.9% | 6.0% | ||
| Q3 24 | 3.3% | 4.8% | ||
| Q2 24 | 3.0% | 5.5% |
现金转化率AGCOEXPE
| Q1 26 | — | — | ||
| Q4 25 | 8.00× | 1.48× | ||
| Q3 25 | 0.23× | -0.52× | ||
| Q2 25 | 1.16× | 3.40× | ||
| Q1 25 | -20.21× | — | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | 0.88× | -2.18× | ||
| Q2 24 | — | 3.89× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
