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ARKO Corp.（ARKO）与贝壳控股（BEKE）财务数据对比。点击上方公司名可切换其他公司
贝壳控股的季度营收约是ARKO Corp.的1.8倍（$3.2B vs $1.8B），贝壳控股净利率更高（3.2% vs 0.1%，领先3.1%），过去两年贝壳控股的营收复合增速更高（9.8% vs -7.0%）
ARKO Corp.是美国知名的便利店与燃油零售运营商，业务覆盖美国多个州，面向消费者销售生鲜食品、饮品、日用必需品等商品，同时提供燃油零售及面向商业合作伙伴的批发配送服务。
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
ARKO vs BEKE — 直观对比
营收规模更大
BEKE
是对方的1.8倍
$1.8B
净利率更高
BEKE
高出3.1%
0.1%
两年增速更快
BEKE
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.2B |
| 净利润 | $1.9M | $104.9M |
| 毛利率 | — | 21.4% |
| 营业利润率 | 1.2% | 2.6% |
| 净利率 | 0.1% | 3.2% |
| 营收同比 | -9.9% | — |
| 净利润同比 | 180.9% | — |
| 每股收益（稀释后） | $0.01 | — |
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ARKOBEKE
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $2.0B | $3.6B | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.8B | $3.2B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.4B | $3.2B | ||
| Q1 24 | $2.1B | $2.3B |
净利润ARKOBEKE
| Q4 25 | $1.9M | $104.9M | ||
| Q3 25 | $13.5M | $182.4M | ||
| Q2 25 | $20.1M | — | ||
| Q1 25 | $-12.7M | $117.9M | ||
| Q4 24 | $-2.3M | — | ||
| Q3 24 | $9.7M | $166.5M | ||
| Q2 24 | $14.1M | $261.5M | ||
| Q1 24 | $-594.0K | $59.8M |
毛利率ARKOBEKE
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 22.7% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 25.2% |
营业利润率ARKOBEKE
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.8% | 4.1% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | -0.6% | 2.5% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.8% | 3.2% | ||
| Q2 24 | 1.8% | 8.6% | ||
| Q1 24 | -0.2% | 0.1% |
净利率ARKOBEKE
| Q4 25 | 0.1% | 3.2% | ||
| Q3 25 | 0.7% | 5.0% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | -0.7% | 3.7% | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | 0.4% | 5.2% | ||
| Q2 24 | 0.6% | 8.1% | ||
| Q1 24 | -0.0% | 2.6% |
每股收益（稀释后）ARKOBEKE
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $-0.02 | — |
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 | $311.5M | $1.3B |
| 总债务越低越好 | $912.1M | — |
| 股东权益账面价值 | $267.2M | — |
| 总资产 | $3.5B | $16.8B |
| 负债/权益比越低杠杆越低 | 3.41× | — |
8季度趋势，按日历期对齐
现金及短期投资ARKOBEKE
| Q4 25 | $311.5M | $1.3B | ||
| Q3 25 | $313.2M | $1.6B | ||
| Q2 25 | $299.7M | — | ||
| Q1 25 | $271.1M | $1.8B | ||
| Q4 24 | $267.1M | — | ||
| Q3 24 | $296.8M | $1.4B | ||
| Q2 24 | $236.5M | $1.3B | ||
| Q1 24 | $189.1M | $2.5B |
总债务ARKOBEKE
| Q4 25 | $912.1M | — | ||
| Q3 25 | $911.6M | — | ||
| Q2 25 | $916.4M | — | ||
| Q1 25 | $880.1M | — | ||
| Q4 24 | $881.0M | — | ||
| Q3 24 | $884.7M | — | ||
| Q2 24 | $889.9M | — | ||
| Q1 24 | $885.0M | — |
股东权益ARKOBEKE
| Q4 25 | $267.2M | — | ||
| Q3 25 | $273.1M | $9.6B | ||
| Q2 25 | $264.8M | — | ||
| Q1 25 | $255.2M | $9.5B | ||
| Q4 24 | $276.9M | — | ||
| Q3 24 | $280.0M | $10.1B | ||
| Q2 24 | $273.1M | $9.7B | ||
| Q1 24 | $261.2M | $9.6B |
总资产ARKOBEKE
| Q4 25 | $3.5B | $16.8B | ||
| Q3 25 | $3.6B | $17.3B | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.6B | $18.0B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.7B | $17.5B | ||
| Q2 24 | $3.7B | $16.9B | ||
| Q1 24 | $3.6B | $16.5B |
负债/权益比ARKOBEKE
| Q4 25 | 3.41× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 3.46× | — | ||
| Q1 25 | 3.45× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 3.16× | — | ||
| Q2 24 | 3.26× | — | ||
| Q1 24 | 3.39× | — |
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 | $44.6M | — |
| 自由现金流经营现金流 - 资本支出 | $14.9M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 23.98× | — |
| 过去12个月自由现金流最近4个季度 | $65.3M | — |
8季度趋势，按日历期对齐
经营现金流ARKOBEKE
| Q4 25 | $44.6M | — | ||
| Q3 25 | $49.4M | — | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $43.4M | $-546.4M | ||
| Q4 24 | $22.7M | — | ||
| Q3 24 | $109.2M | $64.0M | ||
| Q2 24 | $77.2M | — | ||
| Q1 24 | $12.8M | — |
自由现金流ARKOBEKE
| Q4 25 | $14.9M | — | ||
| Q3 25 | $24.5M | — | ||
| Q2 25 | $9.8M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $79.9M | — | ||
| Q2 24 | $57.9M | — | ||
| Q1 24 | $-16.5M | — |
自由现金流率ARKOBEKE
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | -0.7% | — | ||
| Q3 24 | 3.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度ARKOBEKE
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.4% | — |
现金转化率ARKOBEKE
| Q4 25 | 23.98× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 2.75× | — | ||
| Q1 25 | — | -4.64× | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.28× | 0.38× | ||
| Q2 24 | 5.49× | — | ||
| Q1 24 | — | — |
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
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
