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美国银行（BAC）与Meta Platforms（META）财务数据对比。点击上方公司名可切换其他公司
Meta Platforms的季度营收约是美国银行的1.9倍（$59.9B vs $31.2B），Meta Platforms净利率更高（38.0% vs 24.1%，领先13.9%），过去两年Meta Platforms的营收复合增速更高（28.2% vs 11.3%）
美国银行是美国知名跨国投资银行及金融服务控股集团，总部位于北卡罗来纳州夏洛特的美国银行企业中心，在曼哈顿设有投行业务及辅助办公总部，1998年由国民银行与原美国银行合并组建，为全球客户提供多元化综合金融服务。
Meta Platforms是总部位于美国加利福尼亚州门洛帕克的跨国科技巨头，属于全球头部科技企业阵营。旗下运营Facebook、Instagram、WhatsApp、Messenger、Threads等多款知名社交媒体及通讯服务，同时开展自有及第三方站点广告业务，2023年广告收入占其总营收的97.8%。
BAC vs META — 直观对比
营收规模更大
META
是对方的1.9倍
$31.2B
净利率更高
META
高出13.9%
24.1%
两年增速更快
META
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $31.2B | $59.9B |
| 净利润 | $7.5B | $22.8B |
| 毛利率 | — | 81.8% |
| 营业利润率 | 39.9% | 41.3% |
| 净利率 | 24.1% | 38.0% |
| 营收同比 | — | 23.8% |
| 净利润同比 | — | 9.3% |
| 每股收益（稀释后） | $0.96 | $8.87 |
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BACMETA
| Q4 25 | $31.2B | $59.9B | ||
| Q3 25 | $28.1B | $51.2B | ||
| Q2 25 | $26.5B | $47.5B | ||
| Q1 25 | $27.4B | $42.3B | ||
| Q4 24 | — | $48.4B | ||
| Q3 24 | $25.3B | $40.6B | ||
| Q2 24 | $25.4B | $39.1B | ||
| Q1 24 | $25.8B | $36.5B |
净利润BACMETA
| Q4 25 | $7.5B | $22.8B | ||
| Q3 25 | $8.5B | $2.7B | ||
| Q2 25 | $7.1B | $18.3B | ||
| Q1 25 | $7.4B | $16.6B | ||
| Q4 24 | — | $20.8B | ||
| Q3 24 | $6.9B | $15.7B | ||
| Q2 24 | $6.9B | $13.5B | ||
| Q1 24 | $6.7B | $12.4B |
毛利率BACMETA
| Q4 25 | — | 81.8% | ||
| Q3 25 | — | 82.0% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 82.1% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 81.8% | ||
| Q2 24 | — | 81.3% | ||
| Q1 24 | — | 81.8% |
营业利润率BACMETA
| Q4 25 | 39.9% | 41.3% | ||
| Q3 25 | 33.7% | 40.1% | ||
| Q2 25 | 29.1% | 43.0% | ||
| Q1 25 | 29.7% | 41.5% | ||
| Q4 24 | — | 48.3% | ||
| Q3 24 | 28.9% | 42.7% | ||
| Q2 24 | 29.8% | 38.0% | ||
| Q1 24 | 28.1% | 37.9% |
净利率BACMETA
| Q4 25 | 24.1% | 38.0% | ||
| Q3 25 | 30.2% | 5.3% | ||
| Q2 25 | 26.9% | 38.6% | ||
| Q1 25 | 27.0% | 39.3% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | 27.2% | 38.7% | ||
| Q2 24 | 27.2% | 34.5% | ||
| Q1 24 | 25.9% | 33.9% |
每股收益（稀释后）BACMETA
| Q4 25 | $0.96 | $8.87 | ||
| Q3 25 | $1.06 | $1.05 | ||
| Q2 25 | $0.89 | $7.14 | ||
| Q1 25 | $0.90 | $6.43 | ||
| Q4 24 | — | $7.96 | ||
| Q3 24 | $0.81 | $6.03 | ||
| Q2 24 | $0.83 | $5.16 | ||
| Q1 24 | $0.76 | $4.71 |
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 | — | $81.6B |
| 总债务越低越好 | $317.8B | $58.7B |
| 股东权益账面价值 | $303.2B | $217.2B |
| 总资产 | $3411.7B | $366.0B |
| 负债/权益比越低杠杆越低 | 1.05× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资BACMETA
| Q4 25 | — | $81.6B | ||
| Q3 25 | — | $44.4B | ||
| Q2 25 | — | $47.1B | ||
| Q1 25 | — | $70.2B | ||
| Q4 24 | — | $77.8B | ||
| Q3 24 | — | $70.9B | ||
| Q2 24 | — | $58.1B | ||
| Q1 24 | — | $58.1B |
总债务BACMETA
| Q4 25 | $317.8B | $58.7B | ||
| Q3 25 | $311.5B | — | ||
| Q2 25 | $313.4B | — | ||
| Q1 25 | $304.1B | — | ||
| Q4 24 | — | $28.8B | ||
| Q3 24 | $296.9B | $28.8B | ||
| Q2 24 | $290.5B | — | ||
| Q1 24 | $296.3B | — |
股东权益BACMETA
| Q4 25 | $303.2B | $217.2B | ||
| Q3 25 | $304.2B | $194.1B | ||
| Q2 25 | $299.6B | $195.1B | ||
| Q1 25 | $295.6B | $185.0B | ||
| Q4 24 | — | $182.6B | ||
| Q3 24 | $296.5B | $164.5B | ||
| Q2 24 | $293.9B | $156.8B | ||
| Q1 24 | $293.6B | $149.5B |
总资产BACMETA
| Q4 25 | $3411.7B | $366.0B | ||
| Q3 25 | $3403.7B | $303.8B | ||
| Q2 25 | $3441.1B | $294.7B | ||
| Q1 25 | $3349.4B | $280.2B | ||
| Q4 24 | — | $276.1B | ||
| Q3 24 | $3324.3B | $256.4B | ||
| Q2 24 | $3258.0B | $230.2B | ||
| Q1 24 | $3273.8B | $222.8B |
负债/权益比BACMETA
| Q4 25 | 1.05× | 0.27× | ||
| Q3 25 | 1.02× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | 1.00× | 0.18× | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 1.01× | — |
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 | $-22.9B | $36.2B |
| 自由现金流经营现金流 - 资本支出 | — | $14.8B |
| 自由现金流率自由现金流/营收 | — | 24.8% |
| 资本支出强度资本支出/营收 | — | 35.7% |
| 现金转化率经营现金流/净利润 | -3.05× | 1.59× |
| 过去12个月自由现金流最近4个季度 | — | $46.1B |
8季度趋势，按日历期对齐
经营现金流BACMETA
| Q4 25 | $-22.9B | $36.2B | ||
| Q3 25 | $46.9B | $30.0B | ||
| Q2 25 | $-9.1B | $25.6B | ||
| Q1 25 | $-2.2B | $24.0B | ||
| Q4 24 | — | $28.0B | ||
| Q3 24 | — | $24.7B | ||
| Q2 24 | — | $19.4B | ||
| Q1 24 | $-15.5B | $19.2B |
自由现金流BACMETA
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $11.2B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $11.1B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $16.5B | ||
| Q2 24 | — | $11.2B | ||
| Q1 24 | — | $12.8B |
自由现金流率BACMETA
| Q4 25 | — | 24.8% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 35.2% |
资本支出强度BACMETA
| Q4 25 | — | 35.7% | ||
| Q3 25 | — | 36.7% | ||
| Q2 25 | — | 34.8% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.9% | ||
| Q1 24 | — | 17.6% |
现金转化率BACMETA
| Q4 25 | -3.05× | 1.59× | ||
| Q3 25 | 5.53× | 11.07× | ||
| Q2 25 | -1.28× | 1.39× | ||
| Q1 25 | -0.30× | 1.44× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 1.44× | ||
| Q1 24 | -2.33× | 1.56× |
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
BAC
| Other | $7.0B | 22% |
| Global Wealth And Investment Management Segment | $6.6B | 21% |
| Global Banking Segment | $6.2B | 20% |
| Global Markets Segment | $5.3B | 17% |
| Investment And Brokerage Services Asset Management Fees | $4.2B | 13% |
| Investment Banking Income Underwriting Income | $752.0M | 2% |
| Investment Banking Income Financial Advisory Services | $590.0M | 2% |
| Investment Banking Income Syndication Fees | $324.0M | 1% |
| Corporate Securities Trading Loansand Other | $184.0M | 1% |
| Mortgage Trading Loans Mortgage Backed Securities And Asset Backed Securities | $31.0M | 0% |
| Equity Securities | $12.0M | 0% |
| Accrued Expensesand Other Liabilities | $11.0M | 0% |
META
| Advertising | $58.1B | 97% |
| Reality Labs | $955.0M | 2% |
| Service Other | $801.0M | 1% |
