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阿里巴巴集团控股有限公司（BABA）与伟创力（FLEX）财务数据对比。点击上方公司名可切换其他公司
阿里巴巴集团控股有限公司的季度营收约是伟创力的5.2倍（$38.8B vs $7.5B），阿里巴巴集团控股有限公司净利率更高（5.8% vs 3.3%，领先2.4%）
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。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
BABA vs FLEX — 直观对比
营收规模更大
BABA
是对方的5.2倍
$7.5B
净利率更高
BABA
高出2.4%
3.3%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $7.5B |
| 净利润 | $2.2B | $250.0M |
| 毛利率 | 40.2% | 9.4% |
| 营业利润率 | 6.6% | 5.0% |
| 净利率 | 5.8% | 3.3% |
| 营收同比 | — | 16.9% |
| 净利润同比 | — | 12.6% |
| 每股收益（稀释后） | $6.64 | $0.67 |
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BABAFLEX
| Q1 26 | — | $7.5B | ||
| Q4 25 | $38.8B | $7.1B | ||
| Q3 25 | $34.2B | $6.8B | ||
| Q2 25 | $32.6B | $6.6B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $38.7B | $6.6B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.3B |
净利润BABAFLEX
| Q1 26 | — | $250.0M | ||
| Q4 25 | $2.2B | $239.0M | ||
| Q3 25 | $2.9B | $199.0M | ||
| Q2 25 | $1.7B | $192.0M | ||
| Q1 25 | — | $222.0M | ||
| Q4 24 | $6.8B | $263.0M | ||
| Q3 24 | — | $214.0M | ||
| Q2 24 | — | $139.0M |
毛利率BABAFLEX
| Q1 26 | — | 9.4% | ||
| Q4 25 | 40.2% | 9.6% | ||
| Q3 25 | 39.2% | 9.0% | ||
| Q2 25 | 38.4% | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 42.0% | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% |
营业利润率BABAFLEX
| Q1 26 | — | 5.0% | ||
| Q4 25 | 6.6% | 5.5% | ||
| Q3 25 | 2.2% | 4.4% | ||
| Q2 25 | 12.0% | 4.7% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 14.7% | 5.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.7% |
净利率BABAFLEX
| Q1 26 | — | 3.3% | ||
| Q4 25 | 5.8% | 3.4% | ||
| Q3 25 | 8.5% | 2.9% | ||
| Q2 25 | 5.3% | 2.9% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 17.5% | 4.0% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.2% |
每股收益（稀释后）BABAFLEX
| Q1 26 | — | $0.67 | ||
| Q4 25 | $6.64 | $0.64 | ||
| Q3 25 | $8.72 | $0.52 | ||
| Q2 25 | $5.20 | $0.50 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | $20.40 | $0.67 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | — | $0.34 |
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 | $2.4B |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $148.7B | $5.1B |
| 总资产 | $268.6B | $22.1B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资BABAFLEX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $18.3B | $3.1B | ||
| Q3 25 | $19.0B | $2.2B | ||
| Q2 25 | $20.0B | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $22.3B | $2.3B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.2B |
总债务BABAFLEX
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.2B |
股东权益BABAFLEX
| Q1 26 | — | $5.1B | ||
| Q4 25 | $148.7B | $5.1B | ||
| Q3 25 | $145.0B | $5.0B | ||
| Q2 25 | $139.2B | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $137.2B | $5.0B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B |
总资产BABAFLEX
| Q1 26 | — | $22.1B | ||
| Q4 25 | $268.6B | $20.8B | ||
| Q3 25 | $264.6B | $19.5B | ||
| Q2 25 | $248.6B | $19.1B | ||
| Q1 25 | — | $18.4B | ||
| Q4 24 | $254.1B | $18.3B | ||
| Q3 24 | — | $18.6B | ||
| Q2 24 | — | $17.7B |
负债/权益比BABAFLEX
| Q1 26 | — | 0.73× | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.64× |
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 | $413.0M |
| 自由现金流经营现金流 - 资本支出 | — | $212.0M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.31× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流BABAFLEX
| Q1 26 | — | $413.0M | ||
| Q4 25 | $5.2B | $420.0M | ||
| Q3 25 | $1.4B | $453.0M | ||
| Q2 25 | $3.8B | $399.0M | ||
| Q1 25 | — | $433.0M | ||
| Q4 24 | $9.7B | $413.0M | ||
| Q3 24 | — | $319.0M | ||
| Q2 24 | — | $340.0M |
自由现金流BABAFLEX
| Q1 26 | — | $212.0M | ||
| Q4 25 | — | $272.0M | ||
| Q3 25 | — | $303.0M | ||
| Q2 25 | — | $266.0M | ||
| Q1 25 | — | $321.0M | ||
| Q4 24 | — | $301.0M | ||
| Q3 24 | — | $216.0M | ||
| Q2 24 | — | $229.0M |
自由现金流率BABAFLEX
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.6% |
资本支出强度BABAFLEX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.8% |
现金转化率BABAFLEX
| Q1 26 | — | 1.65× | ||
| Q4 25 | 2.31× | 1.76× | ||
| Q3 25 | 0.49× | 2.28× | ||
| Q2 25 | 2.19× | 2.08× | ||
| Q1 25 | — | 1.95× | ||
| Q4 24 | 1.43× | 1.57× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | — | 2.45× |
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% |
FLEX
暂无分部数据
