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贝壳控股（BEKE）与美满电子科技（MRVL）财务数据对比。点击上方公司名可切换其他公司
贝壳控股的季度营收约是美满电子科技的1.6倍（$3.2B vs $2.1B），美满电子科技净利率更高（91.7% vs 3.2%，领先88.4%），过去两年美满电子科技的营收复合增速更高（20.6% vs 9.8%）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
美满电子科技是总部位于美国加利福尼亚州圣克拉拉的半导体企业，成立于1995年，专注于半导体及相关技术的研发与生产。截至2024年，公司全球员工超6500人，持有全球专利超1万项，2024财年总营收达55亿美元。
BEKE vs MRVL — 直观对比
营收规模更大
BEKE
是对方的1.6倍
$2.1B
净利率更高
MRVL
高出88.4%
3.2%
两年增速更快
MRVL
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.1B |
| 净利润 | $104.9M | $1.9B |
| 毛利率 | 21.4% | 51.6% |
| 营业利润率 | 2.6% | 17.2% |
| 净利率 | 3.2% | 91.7% |
| 营收同比 | — | 36.8% |
| 净利润同比 | — | 381.1% |
| 每股收益（稀释后） | — | $2.20 |
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BEKEMRVL
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.6B | $2.0B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $3.2B | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $3.2B | $1.3B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $2.3B | $1.4B |
净利润BEKEMRVL
| Q4 25 | $104.9M | $1.9B | ||
| Q3 25 | $182.4M | $194.8M | ||
| Q2 25 | — | $177.9M | ||
| Q1 25 | $117.9M | $200.2M | ||
| Q4 24 | — | $-676.3M | ||
| Q3 24 | $166.5M | $-193.3M | ||
| Q2 24 | $261.5M | $-215.6M | ||
| Q1 24 | $59.8M | $-392.7M |
毛利率BEKEMRVL
| Q4 25 | 21.4% | 51.6% | ||
| Q3 25 | 21.9% | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | 20.7% | 50.5% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | 22.7% | 46.2% | ||
| Q2 24 | 27.9% | 45.5% | ||
| Q1 24 | 25.2% | 46.6% |
营业利润率BEKEMRVL
| Q4 25 | 2.6% | 17.2% | ||
| Q3 25 | 4.1% | 14.5% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | 2.5% | 12.9% | ||
| Q4 24 | — | -46.4% | ||
| Q3 24 | 3.2% | -7.9% | ||
| Q2 24 | 8.6% | -13.1% | ||
| Q1 24 | 0.1% | -2.3% |
净利率BEKEMRVL
| Q4 25 | 3.2% | 91.7% | ||
| Q3 25 | 5.0% | 9.7% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | 3.7% | 11.0% | ||
| Q4 24 | — | -44.6% | ||
| Q3 24 | 5.2% | -15.2% | ||
| Q2 24 | 8.1% | -18.6% | ||
| Q1 24 | 2.6% | -27.5% |
每股收益（稀释后）BEKEMRVL
| Q4 25 | — | $2.20 | ||
| Q3 25 | — | $0.22 | ||
| Q2 25 | — | $0.20 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $-0.78 | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | $-0.25 | ||
| Q1 24 | — | $-0.45 |
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 | $1.3B | $2.7B |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | — | $14.1B |
| 总资产 | $16.8B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资BEKEMRVL
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | — | $885.9M | ||
| Q1 25 | $1.8B | $948.3M | ||
| Q4 24 | — | $868.1M | ||
| Q3 24 | $1.4B | $808.7M | ||
| Q2 24 | $1.3B | $847.7M | ||
| Q1 24 | $2.5B | $950.8M |
总债务BEKEMRVL
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.2B |
股东权益BEKEMRVL
| Q4 25 | — | $14.1B | ||
| Q3 25 | $9.6B | $13.4B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | $9.5B | $13.4B | ||
| Q4 24 | — | $13.4B | ||
| Q3 24 | $10.1B | $14.2B | ||
| Q2 24 | $9.7B | $14.5B | ||
| Q1 24 | $9.6B | $14.8B |
总资产BEKEMRVL
| Q4 25 | $16.8B | $21.6B | ||
| Q3 25 | $17.3B | $20.6B | ||
| Q2 25 | — | $20.0B | ||
| Q1 25 | $18.0B | $20.2B | ||
| Q4 24 | — | $19.7B | ||
| Q3 24 | $17.5B | $20.3B | ||
| Q2 24 | $16.9B | $20.5B | ||
| Q1 24 | $16.5B | $21.2B |
负债/权益比BEKEMRVL
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.33× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.28× |
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 | — | $582.3M |
| 自由现金流经营现金流 - 资本支出 | — | $508.8M |
| 自由现金流率自由现金流/营收 | — | 24.5% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | 0.31× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流BEKEMRVL
| Q4 25 | — | $582.3M | ||
| Q3 25 | — | $461.6M | ||
| Q2 25 | — | $332.9M | ||
| Q1 25 | $-546.4M | $514.0M | ||
| Q4 24 | — | $536.3M | ||
| Q3 24 | $64.0M | $306.4M | ||
| Q2 24 | — | $324.5M | ||
| Q1 24 | — | $546.6M |
自由现金流BEKEMRVL
| Q4 25 | — | $508.8M | ||
| Q3 25 | — | $414.1M | ||
| Q2 25 | — | $214.1M | ||
| Q1 25 | — | $444.1M | ||
| Q4 24 | — | $461.3M | ||
| Q3 24 | — | $258.2M | ||
| Q2 24 | — | $233.0M | ||
| Q1 24 | — | $475.6M |
自由现金流率BEKEMRVL
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 33.3% |
资本支出强度BEKEMRVL
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 5.0% |
现金转化率BEKEMRVL
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | -4.64× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
MRVL
暂无分部数据
