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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与缤客控股（BKNG）财务数据对比。点击上方公司名可切换其他公司
缤客控股的季度营收约是BRIGHT HORIZONS FAMILY SOLUTIONS INC.的8.7倍（$6.3B vs $733.7M）。缤客控股同比增速更快（16.0% vs 8.8%）。缤客控股自由现金流更多（$1.4B vs $258.5M）。过去两年缤客控股的营收复合增速更高（19.9% vs 8.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
缤客控股是全球领先的旅行服务集团，旗下运营Booking.com、Priceline、Agoda、Kayak等知名在线平台，为休闲及商务旅客提供酒店预订、机票订购、租车服务、度假套餐、餐厅预约等服务，业务覆盖全球绝大多数国家和地区，合作数百万家旅游及餐饮商户。
BFAM vs BKNG — 直观对比
营收规模更大
BKNG
是对方的8.7倍
$733.7M
营收增速更快
BKNG
高出7.2%
8.8%
自由现金流更多
BKNG
多$1.2B
$258.5M
两年增速更快
BKNG
近两年复合增速
8.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $6.3B |
| 净利润 | — | — |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 32.0% |
| 净利率 | — | — |
| 营收同比 | 8.8% | 16.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.38 | $43.66 |
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BFAMBKNG
| Q4 25 | $733.7M | $6.3B | ||
| Q3 25 | $802.8M | $9.0B | ||
| Q2 25 | $731.6M | $6.8B | ||
| Q1 25 | $665.5M | $4.8B | ||
| Q4 24 | $674.1M | $5.5B | ||
| Q3 24 | $719.1M | $8.0B | ||
| Q2 24 | $670.1M | $5.9B | ||
| Q1 24 | $622.7M | $4.4B |
净利润BFAMBKNG
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | — | ||
| Q2 25 | $54.8M | — | ||
| Q1 25 | $38.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $54.9M | — | ||
| Q2 24 | $39.2M | — | ||
| Q1 24 | $17.0M | — |
毛利率BFAMBKNG
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
营业利润率BFAMBKNG
| Q4 25 | 6.2% | 32.0% | ||
| Q3 25 | 15.1% | 38.7% | ||
| Q2 25 | 11.8% | 33.1% | ||
| Q1 25 | 9.4% | 22.3% | ||
| Q4 24 | 7.2% | 31.6% | ||
| Q3 24 | 12.4% | 39.8% | ||
| Q2 24 | 10.3% | 31.7% | ||
| Q1 24 | 6.4% | 17.9% |
净利率BFAMBKNG
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 2.7% | — |
每股收益（稀释后）BFAMBKNG
| Q4 25 | $0.38 | $43.66 | ||
| Q3 25 | $1.37 | $84.41 | ||
| Q2 25 | $0.95 | $27.43 | ||
| Q1 25 | $0.66 | $10.07 | ||
| Q4 24 | $0.50 | $31.60 | ||
| Q3 24 | $0.94 | $74.34 | ||
| Q2 24 | $0.67 | $44.38 | ||
| Q1 24 | $0.29 | $22.37 |
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 | $140.1M | $17.2B |
| 总债务越低越好 | $747.6M | $18.7B |
| 股东权益账面价值 | $1.3B | $-5.6B |
| 总资产 | $3.9B | $29.3B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资BFAMBKNG
| Q4 25 | $140.1M | $17.2B | ||
| Q3 25 | $116.6M | $16.5B | ||
| Q2 25 | $179.2M | $17.6B | ||
| Q1 25 | $112.0M | $15.6B | ||
| Q4 24 | $110.3M | $16.2B | ||
| Q3 24 | $109.9M | $15.8B | ||
| Q2 24 | $140.2M | $16.3B | ||
| Q1 24 | $63.7M | $16.0B |
总债务BFAMBKNG
| Q4 25 | $747.6M | $18.7B | ||
| Q3 25 | $747.5M | $17.0B | ||
| Q2 25 | $797.0M | $18.5B | ||
| Q1 25 | $872.7M | $16.0B | ||
| Q4 24 | $918.4M | $16.6B | ||
| Q3 24 | $925.7M | $16.2B | ||
| Q2 24 | $931.9M | $16.8B | ||
| Q1 24 | $938.1M | $16.9B |
股东权益BFAMBKNG
| Q4 25 | $1.3B | $-5.6B | ||
| Q3 25 | $1.4B | $-4.7B | ||
| Q2 25 | $1.4B | $-6.7B | ||
| Q1 25 | $1.3B | $-6.1B | ||
| Q4 24 | $1.3B | $-4.0B | ||
| Q3 24 | $1.4B | $-3.7B | ||
| Q2 24 | $1.3B | $-4.3B | ||
| Q1 24 | $1.2B | $-4.1B |
总资产BFAMBKNG
| Q4 25 | $3.9B | $29.3B | ||
| Q3 25 | $3.9B | $28.8B | ||
| Q2 25 | $3.9B | $30.7B | ||
| Q1 25 | $3.8B | $27.2B | ||
| Q4 24 | $3.9B | $27.7B | ||
| Q3 24 | $3.9B | $28.0B | ||
| Q2 24 | $3.8B | $28.5B | ||
| Q1 24 | $3.8B | $27.7B |
负债/权益比BFAMBKNG
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $1.4B |
| 自由现金流率自由现金流/营收 | 35.2% | 22.3% |
| 资本支出强度资本支出/营收 | 12.6% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $402.4M | $9.1B |
8季度趋势，按日历期对齐
经营现金流BFAMBKNG
| Q4 25 | $350.7M | $1.5B | ||
| Q3 25 | $-17.6M | $1.4B | ||
| Q2 25 | $134.2M | $3.2B | ||
| Q1 25 | $86.2M | $3.3B | ||
| Q4 24 | $337.5M | $721.0M | ||
| Q3 24 | $-8.9M | $2.4B | ||
| Q2 24 | $109.4M | $2.5B | ||
| Q1 24 | $116.3M | $2.7B |
自由现金流BFAMBKNG
| Q4 25 | $258.5M | $1.4B | ||
| Q3 25 | $-42.4M | $1.4B | ||
| Q2 25 | $115.4M | $3.1B | ||
| Q1 25 | $70.9M | $3.2B | ||
| Q4 24 | $240.2M | $645.0M | ||
| Q3 24 | $-32.2M | $2.3B | ||
| Q2 24 | $86.8M | $2.4B | ||
| Q1 24 | $96.9M | $2.6B |
自由现金流率BFAMBKNG
| Q4 25 | 35.2% | 22.3% | ||
| Q3 25 | -5.3% | 15.2% | ||
| Q2 25 | 15.8% | 46.1% | ||
| Q1 25 | 10.7% | 66.4% | ||
| Q4 24 | 35.6% | 11.8% | ||
| Q3 24 | -4.5% | 28.7% | ||
| Q2 24 | 13.0% | 40.6% | ||
| Q1 24 | 15.6% | 58.3% |
资本支出强度BFAMBKNG
| Q4 25 | 12.6% | 1.1% | ||
| Q3 25 | 3.1% | 0.7% | ||
| Q2 25 | 2.6% | 0.9% | ||
| Q1 25 | 2.3% | 2.5% | ||
| Q4 24 | 14.4% | 1.4% | ||
| Q3 24 | 3.2% | 1.0% | ||
| Q2 24 | 3.4% | 2.5% | ||
| Q1 24 | 3.1% | 2.9% |
现金转化率BFAMBKNG
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
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
BFAM
暂无分部数据
BKNG
| Merchant Revenue | $4.2B | 67% |
| Agency Revenue | $1.8B | 28% |
| Advertisingandotherrevenues | $309.0M | 5% |
