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阿里巴巴集团控股有限公司（BABA）与福特汽车公司（F）财务数据对比。点击上方公司名可切换其他公司
福特汽车公司的季度营收约是阿里巴巴集团控股有限公司的1.2倍（$45.9B vs $38.8B），阿里巴巴集团控股有限公司净利率更高（5.8% vs -24.1%，领先29.8%）
阿里巴巴集团控股有限公司是1999年6月28日于浙江杭州创立的中国跨国科技企业，核心业务覆盖电商、零售、互联网及科技领域，运营面向中国及全球市场的C2C、B2C、B2B交易平台，同时提供本地生活服务、数字媒体娱乐、物流、云计算等多元服务，服务全球海量消费者与企业客户。
福特汽车是总部位于美国密歇根州迪尔伯恩的跨国汽车制造商，由亨利·福特于1903年6月16日创立。公司旗下拥有主营乘用车与商用车的福特品牌，以及高端豪华车品牌林肯，在纽约证券交易所上市，由福特家族实际控股。
BABA vs F — 直观对比
营收规模更大
F
是对方的1.2倍
$38.8B
净利率更高
BABA
高出29.8%
-24.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $45.9B |
| 净利润 | $2.2B | $-11.1B |
| 毛利率 | 40.2% | -12.5% |
| 营业利润率 | 6.6% | -25.2% |
| 净利率 | 5.8% | -24.1% |
| 营收同比 | — | -4.8% |
| 净利润同比 | — | -706.0% |
| 每股收益（稀释后） | $6.64 | $-2.77 |
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BABAF
| Q4 25 | $38.8B | $45.9B | ||
| Q3 25 | $34.2B | $50.5B | ||
| Q2 25 | $32.6B | $50.2B | ||
| Q1 25 | — | $40.7B | ||
| Q4 24 | $38.7B | $48.2B | ||
| Q3 24 | — | $46.2B | ||
| Q2 24 | — | $47.8B | ||
| Q1 24 | — | $42.8B |
净利润BABAF
| Q4 25 | $2.2B | $-11.1B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $1.7B | $-36.0M | ||
| Q1 25 | — | $471.0M | ||
| Q4 24 | $6.8B | $1.8B | ||
| Q3 24 | — | $892.0M | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.3B |
毛利率BABAF
| Q4 25 | 40.2% | -12.5% | ||
| Q3 25 | 39.2% | 14.1% | ||
| Q2 25 | 38.4% | 11.8% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | 42.0% | 14.3% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 14.7% |
营业利润率BABAF
| Q4 25 | 6.6% | -25.2% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | 12.0% | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 14.7% | 2.6% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 2.9% |
净利率BABAF
| Q4 25 | 5.8% | -24.1% | ||
| Q3 25 | 8.5% | 4.8% | ||
| Q2 25 | 5.3% | -0.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 17.5% | 3.8% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 3.1% |
每股收益（稀释后）BABAF
| Q4 25 | $6.64 | $-2.77 | ||
| Q3 25 | $8.72 | $0.60 | ||
| Q2 25 | $5.20 | $-0.01 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | $20.40 | $0.45 | ||
| Q3 24 | — | $0.22 | ||
| Q2 24 | — | $0.46 | ||
| Q1 24 | — | $0.33 |
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 | $18.3B | $38.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $148.7B | $36.0B |
| 总资产 | $268.6B | $289.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BABAF
| Q4 25 | $18.3B | $38.5B | ||
| Q3 25 | $19.0B | $42.2B | ||
| Q2 25 | $20.0B | $37.5B | ||
| Q1 25 | — | $35.2B | ||
| Q4 24 | $22.3B | $38.3B | ||
| Q3 24 | — | $36.9B | ||
| Q2 24 | — | $34.6B | ||
| Q1 24 | — | $34.5B |
股东权益BABAF
| Q4 25 | $148.7B | $36.0B | ||
| Q3 25 | $145.0B | $47.4B | ||
| Q2 25 | $139.2B | $45.1B | ||
| Q1 25 | — | $44.6B | ||
| Q4 24 | $137.2B | $44.8B | ||
| Q3 24 | — | $44.3B | ||
| Q2 24 | — | $43.6B | ||
| Q1 24 | — | $42.9B |
总资产BABAF
| Q4 25 | $268.6B | $289.2B | ||
| Q3 25 | $264.6B | $301.0B | ||
| Q2 25 | $248.6B | $292.7B | ||
| Q1 25 | — | $284.5B | ||
| Q4 24 | $254.1B | $285.2B | ||
| Q3 24 | — | $287.0B | ||
| Q2 24 | — | $276.6B | ||
| Q1 24 | — | $274.3B |
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 | $5.2B | $3.9B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 2.4% |
| 资本支出强度资本支出/营收 | — | 6.1% |
| 现金转化率经营现金流/净利润 | 2.31× | — |
| 过去12个月自由现金流最近4个季度 | — | $12.5B |
8季度趋势，按日历期对齐
经营现金流BABAF
| Q4 25 | $5.2B | $3.9B | ||
| Q3 25 | $1.4B | $7.4B | ||
| Q2 25 | $3.8B | $6.3B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $9.7B | $3.0B | ||
| Q3 24 | — | $5.5B | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $1.4B |
自由现金流BABAF
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $530.0M | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $-709.0M |
自由现金流率BABAF
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | -1.7% |
资本支出强度BABAF
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 4.9% |
现金转化率BABAF
| Q4 25 | 2.31× | — | ||
| Q3 25 | 0.49× | 3.02× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | 7.81× | ||
| Q4 24 | 1.43× | 1.66× | ||
| Q3 24 | — | 6.17× | ||
| Q2 24 | — | 3.01× | ||
| Q1 24 | — | 1.04× |
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
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
