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阿里巴巴集团控股有限公司（BABA）与携程集团（TCOM）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携程集团的127.3倍（$38.8B vs $304.6M）。携程集团净利率更高（27.8% vs 5.8%，领先22.0%）
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。
携程集团是总部位于中国上海的跨国旅行服务企业，为全球最大的在线旅行服务提供商，业务覆盖机票预订、酒店预订、度假产品、商旅管理等领域，面向全球用户提供一站式旅行综合服务。
BABA vs TCOM — 直观对比
营收规模更大
BABA
是对方的127.3倍
$304.6M
净利率更高
TCOM
高出22.0%
5.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $304.6M |
| 净利润 | $2.2B | $84.6M |
| 毛利率 | 40.2% | 78.8% |
| 营业利润率 | 6.6% | 16.5% |
| 净利率 | 5.8% | 27.8% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $6.64 | $0.12 |
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BABATCOM
| Q4 25 | $38.8B | $304.6M | ||
| Q3 25 | $34.2B | — | ||
| Q2 25 | $32.6B | — | ||
| Q4 24 | $38.7B | — | ||
| Q2 24 | — | $242.7M | ||
| Q2 23 | — | $214.5M | ||
| Q4 22 | — | $100.7M | ||
| Q3 22 | — | $82.7M |
净利润BABATCOM
| Q4 25 | $2.2B | $84.6M | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q4 24 | $6.8B | — | ||
| Q2 24 | — | $73.8M | ||
| Q2 23 | — | $12.6M | ||
| Q4 22 | — | $41.5M | ||
| Q3 22 | — | $152.6M |
毛利率BABATCOM
| Q4 25 | 40.2% | 78.8% | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | — | ||
| Q4 24 | 42.0% | — | ||
| Q2 24 | — | 81.8% | ||
| Q2 23 | — | 82.0% | ||
| Q4 22 | — | 76.0% | ||
| Q3 22 | — | 75.5% |
营业利润率BABATCOM
| Q4 25 | 6.6% | 16.5% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 12.0% | — | ||
| Q4 24 | 14.7% | — | ||
| Q2 24 | — | 27.8% | ||
| Q2 23 | — | 26.4% | ||
| Q4 22 | — | — | ||
| Q3 22 | — | -4.2% |
净利率BABATCOM
| Q4 25 | 5.8% | 27.8% | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 5.3% | — | ||
| Q4 24 | 17.5% | — | ||
| Q2 24 | — | 30.4% | ||
| Q2 23 | — | 5.9% | ||
| Q4 22 | — | 41.2% | ||
| Q3 22 | — | 184.6% |
每股收益（稀释后）BABATCOM
| Q4 25 | $6.64 | $0.12 | ||
| Q3 25 | $8.72 | — | ||
| Q2 25 | $5.20 | — | ||
| Q4 24 | $20.40 | — | ||
| Q2 24 | — | $0.11 | ||
| Q2 23 | — | $0.02 | ||
| Q4 22 | — | $0.06 | ||
| Q3 22 | — | $0.00 |
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 | $10.8B |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $148.7B | $23.8B |
| 总资产 | $268.6B | $36.9B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资BABATCOM
| Q4 25 | $18.3B | $10.8B | ||
| Q3 25 | $19.0B | — | ||
| Q2 25 | $20.0B | — | ||
| Q4 24 | $22.3B | — | ||
| Q2 24 | — | $12.4B | ||
| Q2 23 | — | $7.6B | ||
| Q4 22 | — | $6.2B | ||
| Q3 22 | — | $7.4B |
总债务BABATCOM
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | $8.2B | ||
| Q2 23 | — | $7.2B | ||
| Q4 22 | — | $1.8B | ||
| Q3 22 | — | $7.4B |
股东权益BABATCOM
| Q4 25 | $148.7B | $23.8B | ||
| Q3 25 | $145.0B | — | ||
| Q2 25 | $139.2B | — | ||
| Q4 24 | $137.2B | — | ||
| Q2 24 | — | $18.1B | ||
| Q2 23 | — | $16.3B | ||
| Q4 22 | — | $16.3B | ||
| Q3 22 | — | $15.2B |
总资产BABATCOM
| Q4 25 | $268.6B | $36.9B | ||
| Q3 25 | $264.6B | — | ||
| Q2 25 | $248.6B | — | ||
| Q4 24 | $254.1B | — | ||
| Q2 24 | — | $34.2B | ||
| Q2 23 | — | $30.1B | ||
| Q4 22 | — | $27.8B | ||
| Q3 22 | — | $26.9B |
负债/权益比BABATCOM
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| Q2 23 | — | 0.44× | ||
| Q4 22 | — | 0.11× | ||
| Q3 22 | — | 0.49× |
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 | — |
| 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BABATCOM
| Q4 25 | $5.2B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.8B | — | ||
| Q4 24 | $9.7B | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $380.0M | ||
| Q3 22 | — | — |
自由现金流BABATCOM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | $308.0M | ||
| Q3 22 | — | — |
自由现金流率BABATCOM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 305.7% | ||
| Q3 22 | — | — |
资本支出强度BABATCOM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 71.5% | ||
| Q3 22 | — | — |
现金转化率BABATCOM
| Q4 25 | 2.31× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 2.19× | — | ||
| Q4 24 | 1.43× | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q4 22 | — | 9.15× | ||
| Q3 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% |
TCOM
暂无分部数据
