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阿里巴巴集团控股有限公司（BABA）与Token Cat Ltd（TC）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Token Cat Ltd的14040.5倍（$38.8B vs $2.8M）。阿里巴巴集团控股有限公司净利率更高（5.8% vs -3.4%，领先9.1%）
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。
BABA vs TC — 直观对比
营收规模更大
BABA
是对方的14040.5倍
$2.8M
净利率更高
BABA
高出9.1%
-3.4%
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $2.8M |
| 净利润 | $2.2B | $-93.0K |
| 毛利率 | 40.2% | 79.0% |
| 营业利润率 | 6.6% | -206.9% |
| 净利率 | 5.8% | -3.4% |
| 营收同比 | — | -37.9% |
| 净利润同比 | — | 98.3% |
| 每股收益（稀释后） | $6.64 | — |
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BABATC
| Q4 25 | $38.8B | — | ||
| Q3 25 | $34.2B | — | ||
| Q2 25 | $32.6B | $2.8M | ||
| Q4 24 | $38.7B | — | ||
| Q2 24 | — | $4.4M | ||
| Q2 23 | — | $12.7M | ||
| Q2 22 | — | $13.3M |
净利润BABATC
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.7B | $-93.0K | ||
| Q4 24 | $6.8B | — | ||
| Q2 24 | — | $-5.6M | ||
| Q2 23 | — | $-4.2M | ||
| Q2 22 | — | $-8.4M |
毛利率BABATC
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | 79.0% | ||
| Q4 24 | 42.0% | — | ||
| Q2 24 | — | 69.2% | ||
| Q2 23 | — | 63.4% | ||
| Q2 22 | — | 81.0% |
营业利润率BABATC
| Q4 25 | 6.6% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 12.0% | -206.9% | ||
| Q4 24 | 14.7% | — | ||
| Q2 24 | — | -146.9% | ||
| Q2 23 | — | -59.9% | ||
| Q2 22 | — | -49.6% |
净利率BABATC
| Q4 25 | 5.8% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 5.3% | -3.4% | ||
| Q4 24 | 17.5% | — | ||
| Q2 24 | — | -125.9% | ||
| Q2 23 | — | -33.3% | ||
| Q2 22 | — | -62.9% |
每股收益（稀释后）BABATC
| Q4 25 | $6.64 | — | ||
| Q3 25 | $8.72 | — | ||
| Q2 25 | $5.20 | — | ||
| Q4 24 | $20.40 | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $-0.03 |
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 | $150.0K |
| 总债务越低越好 | — | $1.4M |
| 股东权益账面价值 | $148.7B | $4.6M |
| 总资产 | $268.6B | $28.4M |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BABATC
| Q4 25 | $18.3B | — | ||
| Q3 25 | $19.0B | — | ||
| Q2 25 | $20.0B | $150.0K | ||
| Q4 24 | $22.3B | — | ||
| Q2 24 | — | $689.0K | ||
| Q2 23 | — | $3.0M | ||
| Q2 22 | — | $4.8M |
总债务BABATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4M | ||
| Q4 24 | — | — | ||
| Q2 24 | — | $1.8M | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
股东权益BABATC
| Q4 25 | $148.7B | — | ||
| Q3 25 | $145.0B | — | ||
| Q2 25 | $139.2B | $4.6M | ||
| Q4 24 | $137.2B | — | ||
| Q2 24 | — | $-787.0K | ||
| Q2 23 | — | $9.1M | ||
| Q2 22 | — | $21.4M |
总资产BABATC
| Q4 25 | $268.6B | — | ||
| Q3 25 | $264.6B | — | ||
| Q2 25 | $248.6B | $28.4M | ||
| Q4 24 | $254.1B | — | ||
| Q2 24 | — | $12.5M | ||
| Q2 23 | — | $25.1M | ||
| Q2 22 | — | $40.6M |
负债/权益比BABATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BABATC
| Q4 25 | $5.2B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.8B | $-23.7M | ||
| Q4 24 | $9.7B | — | ||
| Q2 24 | — | $-1.5M | ||
| Q2 23 | — | $-7.2M | ||
| Q2 22 | — | $-8.3M |
自由现金流BABATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | $-1.5M | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $-8.3M |
自由现金流率BABATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | -34.4% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | -62.2% |
资本支出强度BABATC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | 0.0% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | 0.1% |
现金转化率BABATC
| Q4 25 | 2.31× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 2.19× | — | ||
| Q4 24 | 1.43× | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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% |
TC
暂无分部数据
