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百度（BIDU）与Corebridge Financial, Inc.（CRBG）财务数据对比。点击上方公司名可切换其他公司
Corebridge Financial, Inc.的季度营收约是百度的1.3倍（$6.7B vs $5.0B），Corebridge Financial, Inc.净利率更高（12.1% vs 6.0%，领先6.1%），百度同比增速更快（14.0% vs 1.7%），过去两年百度的营收复合增速更高（7.5% vs 7.4%）
百度是中国头部跨国科技企业，深耕互联网服务与人工智能赛道，在中国搜索引擎市场占据主导地位。旗下拥有百度APP、百度百科、百度贴吧等多元产品矩阵，同时运营视频平台爱奇艺，可为海量用户提供覆盖多场景的优质数字服务。
Corebridge Financial, Inc.是美国知名金融服务提供商，下设个人退休、人寿保险、退休服务、机构市场四大核心业务板块，可为客户提供年金、寿险产品、退休规划、财富管理等综合金融服务，满足不同群体的多元财务需求。
BIDU vs CRBG — 直观对比
营收规模更大
CRBG
是对方的1.3倍
$5.0B
营收增速更快
BIDU
高出12.3%
1.7%
净利率更高
CRBG
高出6.1%
6.0%
两年增速更快
BIDU
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $6.7B |
| 净利润 | $300.0M | $814.0M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | 14.4% |
| 净利率 | 6.0% | 12.1% |
| 营收同比 | 14.0% | 1.7% |
| 净利润同比 | -47.1% | -62.5% |
| 每股收益（稀释后） | $0.53 | $1.44 |
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BIDUCRBG
| Q4 25 | $5.0B | $6.7B | ||
| Q3 25 | $4.4B | $5.4B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $4.5B | $3.6B | ||
| Q4 24 | $4.4B | $6.6B | ||
| Q3 24 | $4.8B | $2.6B | ||
| Q2 24 | $4.7B | $3.7B | ||
| Q1 24 | $4.4B | $5.8B |
净利润BIDUCRBG
| Q4 25 | $300.0M | $814.0M | ||
| Q3 25 | $-1.6B | $144.0M | ||
| Q2 25 | $1.0B | $-660.0M | ||
| Q1 25 | $1.1B | $-664.0M | ||
| Q4 24 | $567.0M | $2.2B | ||
| Q3 24 | $1.1B | $-1.2B | ||
| Q2 24 | $768.0M | $365.0M | ||
| Q1 24 | $811.0M | $878.0M |
毛利率BIDUCRBG
| Q4 25 | 41.0% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 49.9% | — | ||
| Q3 24 | 51.1% | — | ||
| Q2 24 | 51.7% | — | ||
| Q1 24 | 51.5% | — |
营业利润率BIDUCRBG
| Q4 25 | 4.1% | 14.4% | ||
| Q3 25 | -48.4% | -0.8% | ||
| Q2 25 | 10.0% | -22.2% | ||
| Q1 25 | 13.9% | -24.0% | ||
| Q4 24 | 11.1% | 44.2% | ||
| Q3 24 | 17.6% | -60.9% | ||
| Q2 24 | 17.5% | 12.3% | ||
| Q1 24 | 17.4% | 17.4% |
净利率BIDUCRBG
| Q4 25 | 6.0% | 12.1% | ||
| Q3 25 | -36.3% | 2.7% | ||
| Q2 25 | 22.2% | -24.1% | ||
| Q1 25 | 24.1% | -18.5% | ||
| Q4 24 | 12.8% | 32.8% | ||
| Q3 24 | 23.2% | -45.3% | ||
| Q2 24 | 16.4% | 9.8% | ||
| Q1 24 | 18.6% | 15.0% |
每股收益（稀释后）BIDUCRBG
| Q4 25 | $0.53 | $1.44 | ||
| Q3 25 | $-4.76 | $0.27 | ||
| Q2 25 | $2.84 | $-1.20 | ||
| Q1 25 | $2.98 | $-1.19 | ||
| Q4 24 | $1.95 | $3.74 | ||
| Q3 24 | $3.08 | $-2.02 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | $2.07 | $1.41 |
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 | $16.5B | — |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $38.1B | $13.2B |
| 总资产 | $64.2B | $413.5B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资BIDUCRBG
| Q4 25 | $16.5B | — | ||
| Q3 25 | $17.5B | — | ||
| Q2 25 | $17.3B | — | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $17.5B | — | ||
| Q3 24 | $18.9B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务BIDUCRBG
| Q4 25 | $5.9B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BIDUCRBG
| Q4 25 | $38.1B | $13.2B | ||
| Q3 25 | $38.6B | $13.5B | ||
| Q2 25 | $39.8B | $12.3B | ||
| Q1 25 | $38.6B | $12.0B | ||
| Q4 24 | $36.1B | $11.5B | ||
| Q3 24 | $38.5B | $13.6B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.6B |
总资产BIDUCRBG
| Q4 25 | $64.2B | $413.5B | ||
| Q3 25 | $62.4B | $411.3B | ||
| Q2 25 | $62.9B | $399.2B | ||
| Q1 25 | $62.6B | $390.0B | ||
| Q4 24 | $58.6B | $389.4B | ||
| Q3 24 | $59.5B | $399.4B | ||
| Q2 24 | — | $382.5B | ||
| Q1 24 | — | $385.6B |
负债/权益比BIDUCRBG
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.5B | $1.9B |
| 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 | 5.08× | 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BIDUCRBG
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | $-6.3B | $-259.0M | ||
| Q1 25 | — | $375.0M | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | — | $83.0M | ||
| Q2 24 | $5.3B | $-9.0M | ||
| Q1 24 | — | $598.0M |
现金转化率BIDUCRBG
| Q4 25 | 5.08× | 2.31× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | -6.26× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 7.12× | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.88× | -0.02× | ||
| Q1 24 | — | 0.68× |
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
BIDU
| Legacy Business | $1.8B | 35% |
| Baidu Core AI-powered Business | $1.6B | 32% |
| Other | $1.3B | 26% |
| Others | $357.5M | 7% |
CRBG
| Institutional Markets Segment | $2.9B | 43% |
| Life Insurance Operating Segment | $1.1B | 16% |
| Individual Retirement Segment | $1.0B | 16% |
| Other | $1.0B | 15% |
| Group Retirement Segment | $667.0M | 10% |
