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艾伯维（ARGX）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艾伯维的1.4倍（$3.5B vs $2.5B），艾伯维净利率更高（35.5% vs 5.8%，领先29.7%），艾伯维同比增速更快（83.2% vs 18.7%）
艾伯维是总部位于美国伊利诺伊州北芝加哥的制药企业，研发生产的药物覆盖多种疾病治疗领域，可满足多元临床需求，致力于为全球不同病症的患者提供可靠的治疗方案选择。
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。
ARGX vs EXPE — 直观对比
营收规模更大
EXPE
是对方的1.4倍
$2.5B
营收增速更快
ARGX
高出64.5%
18.7%
净利率更高
ARGX
高出29.7%
5.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $3.5B |
| 净利润 | $877.2M | $205.0M |
| 毛利率 | 89.5% | — |
| 营业利润率 | 28.9% | 11.8% |
| 净利率 | 35.5% | 5.8% |
| 营收同比 | 83.2% | 18.7% |
| 净利润同比 | 1.3% | 202.5% |
| 每股收益（稀释后） | $13.25 | $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ARGXEXPE
| Q1 26 | — | $3.5B | ||
| Q4 25 | $2.5B | $3.5B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | $1.8B | $3.8B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $901.9M | $3.6B |
净利润ARGXEXPE
| Q1 26 | — | $205.0M | ||
| Q4 25 | $877.2M | $205.0M | ||
| Q3 25 | — | $959.0M | ||
| Q2 25 | $414.8M | $330.0M | ||
| Q1 25 | — | $-200.0M | ||
| Q4 24 | $865.6M | $299.0M | ||
| Q3 24 | — | $684.0M | ||
| Q2 24 | $-32.5M | $386.0M |
毛利率ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | 89.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 90.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 89.4% | — |
营业利润率ARGXEXPE
| Q1 26 | — | 11.8% | ||
| Q4 25 | 28.9% | 11.8% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | 19.2% | 12.8% | ||
| Q1 25 | — | -2.3% | ||
| Q4 24 | 8.7% | 6.8% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | -15.4% | 12.7% |
净利率ARGXEXPE
| Q1 26 | — | 5.8% | ||
| Q4 25 | 35.5% | 5.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | 23.4% | 8.7% | ||
| Q1 25 | — | -6.7% | ||
| Q4 24 | 64.1% | 9.4% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | -3.6% | 10.8% |
每股收益（稀释后）ARGXEXPE
| Q1 26 | — | $1.56 | ||
| Q4 25 | $13.25 | $1.56 | ||
| Q3 25 | — | $7.33 | ||
| Q2 25 | $6.32 | $2.48 | ||
| Q1 25 | — | $-1.56 | ||
| Q4 24 | $13.33 | $2.10 | ||
| Q3 24 | — | $5.04 | ||
| Q2 24 | $-0.55 | $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 | $3.5B | $5.7B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $7.3B | $1.3B |
| 总资产 | $8.7B | $24.5B |
| 负债/权益比越低杠杆越低 | — | 4.80× |
8季度趋势，按日历期对齐
现金及短期投资ARGXEXPE
| Q1 26 | — | $5.7B | ||
| Q4 25 | $3.5B | $5.7B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $2.1B | $6.7B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | $1.5B | $4.5B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | $1.4B | $6.3B |
总债务ARGXEXPE
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | $11.0M | $6.3B |
股东权益ARGXEXPE
| Q1 26 | — | $1.3B | ||
| Q4 25 | $7.3B | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $6.1B | $836.0M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $5.5B | $1.6B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $4.3B | $889.0M |
总资产ARGXEXPE
| Q1 26 | — | $24.5B | ||
| Q4 25 | $8.7B | $24.5B | ||
| Q3 25 | — | $25.1B | ||
| Q2 25 | $7.2B | $27.0B | ||
| Q1 25 | — | $26.1B | ||
| Q4 24 | $6.2B | $22.4B | ||
| Q3 24 | — | $23.4B | ||
| Q2 24 | $4.8B | $25.9B |
负债/权益比ARGXEXPE
| Q1 26 | — | 4.80× | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | 7.43× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 4.74× | ||
| Q2 24 | 0.00× | 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 | $323.3M | — |
| 自由现金流经营现金流 - 资本支出 | $322.4M | — |
| 自由现金流率自由现金流/营收 | 13.0% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $594.5M | — |
8季度趋势，按日历期对齐
经营现金流ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | $323.3M | $304.0M | ||
| Q3 25 | — | $-497.0M | ||
| Q2 25 | $361.8M | $1.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $41.9M | $198.0M | ||
| Q3 24 | — | $-1.5B | ||
| Q2 24 | $-124.7M | $1.5B |
自由现金流ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | $322.4M | $119.0M | ||
| Q3 25 | — | $-686.0M | ||
| Q2 25 | $356.6M | $921.0M | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $40.9M | $7.0M | ||
| Q3 24 | — | $-1.7B | ||
| Q2 24 | $-125.5M | $1.3B |
自由现金流率ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 3.4% | ||
| Q3 25 | — | -15.5% | ||
| Q2 25 | 20.1% | 24.3% | ||
| Q1 25 | — | 92.2% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | — | -41.6% | ||
| Q2 24 | -13.9% | 36.7% |
资本支出强度ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 0.3% | 5.3% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | 0.1% | 6.0% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | 0.1% | 5.5% |
现金转化率ARGXEXPE
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | 1.48× | ||
| Q3 25 | — | -0.52× | ||
| Q2 25 | 0.87× | 3.40× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.05× | 0.66× | ||
| Q3 24 | — | -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
