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百度（BIDU）与ENBRIDGE INC（ENB）财务数据对比。点击上方公司名可切换其他公司
ENBRIDGE INC的季度营收约是百度的1.1倍（$5.7B vs $5.0B），ENBRIDGE INC净利率更高（26.2% vs 6.0%，领先20.3%），百度同比增速更快（14.0% vs 5.3%），过去两年ENBRIDGE INC的营收复合增速更高（7.6% vs 7.5%）
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。
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
BIDU vs ENB — 直观对比
营收规模更大
ENB
是对方的1.1倍
$5.0B
营收增速更快
BIDU
高出8.6%
5.3%
净利率更高
ENB
高出20.3%
6.0%
两年增速更快
ENB
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $5.7B |
| 净利润 | $300.0M | $1.5B |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | 34.7% |
| 净利率 | 6.0% | 26.2% |
| 营收同比 | 14.0% | 5.3% |
| 净利润同比 | -47.1% | 246.2% |
| 每股收益（稀释后） | $0.53 | — |
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BIDUENB
| Q4 25 | $5.0B | $5.7B | ||
| Q3 25 | $4.4B | $4.5B | ||
| Q2 25 | $4.6B | $4.8B | ||
| Q1 25 | $4.5B | $6.4B | ||
| Q4 24 | $4.4B | $5.4B | ||
| Q3 24 | $4.8B | $4.2B | ||
| Q2 24 | $4.7B | $4.3B | ||
| Q1 24 | $4.4B | $4.9B |
净利润BIDUENB
| Q4 25 | $300.0M | $1.5B | ||
| Q3 25 | $-1.6B | $575.2M | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $567.0M | $434.4M | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $768.0M | $1.4B | ||
| Q1 24 | $811.0M | $1.1B |
毛利率BIDUENB
| 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% | 7.5% | ||
| Q1 24 | 51.5% | 26.2% |
营业利润率BIDUENB
| Q4 25 | 4.1% | 34.7% | ||
| Q3 25 | -48.4% | 36.9% | ||
| Q2 25 | 10.0% | 35.1% | ||
| Q1 25 | 13.9% | 41.7% | ||
| Q4 24 | 11.1% | 32.8% | ||
| Q3 24 | 17.6% | 38.7% | ||
| Q2 24 | 17.5% | 38.3% | ||
| Q1 24 | 17.4% | 40.0% |
净利率BIDUENB
| Q4 25 | 6.0% | 26.2% | ||
| Q3 25 | -36.3% | 12.8% | ||
| Q2 25 | 22.2% | 34.9% | ||
| Q1 25 | 24.1% | 26.8% | ||
| Q4 24 | 12.8% | 8.0% | ||
| Q3 24 | 23.2% | 24.3% | ||
| Q2 24 | 16.4% | 32.8% | ||
| Q1 24 | 18.6% | 22.3% |
每股收益（稀释后）BIDUENB
| Q4 25 | $0.53 | — | ||
| Q3 25 | $-4.76 | — | ||
| Q2 25 | $2.84 | — | ||
| Q1 25 | $2.98 | — | ||
| Q4 24 | $1.95 | — | ||
| Q3 24 | $3.08 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $2.07 | — |
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 | $798.6M |
| 总债务越低越好 | $5.9B | $72.2B |
| 股东权益账面价值 | $38.1B | $45.5B |
| 总资产 | $64.2B | $159.5B |
| 负债/权益比越低杠杆越低 | 0.16× | 1.59× |
8季度趋势，按日历期对齐
现金及短期投资BIDUENB
| Q4 25 | $16.5B | $798.6M | ||
| Q3 25 | $17.5B | $1.0B | ||
| Q2 25 | $17.3B | $878.2M | ||
| Q1 25 | $19.5B | $1.5B | ||
| Q4 24 | $17.5B | $1.3B | ||
| Q3 24 | $18.9B | $1.4B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $886.2M |
总债务BIDUENB
| Q4 25 | $5.9B | $72.2B | ||
| Q3 25 | $2.5B | $73.4B | ||
| Q2 25 | $2.4B | $70.8B | ||
| Q1 25 | $2.3B | $70.9B | ||
| Q4 24 | $4.9B | $68.2B | ||
| Q3 24 | $2.1B | $63.7B | ||
| Q2 24 | — | $62.2B | ||
| Q1 24 | — | $59.4B |
股东权益BIDUENB
| Q4 25 | $38.1B | $45.5B | ||
| Q3 25 | $38.6B | $47.6B | ||
| Q2 25 | $39.8B | $47.8B | ||
| Q1 25 | $38.6B | $49.8B | ||
| Q4 24 | $36.1B | $48.1B | ||
| Q3 24 | $38.5B | $48.0B | ||
| Q2 24 | — | $49.1B | ||
| Q1 24 | — | $46.9B |
总资产BIDUENB
| Q4 25 | $64.2B | $159.5B | ||
| Q3 25 | $62.4B | $158.4B | ||
| Q2 25 | $62.9B | $154.5B | ||
| Q1 25 | $62.6B | $160.6B | ||
| Q4 24 | $58.6B | $159.9B | ||
| Q3 24 | $59.5B | $150.2B | ||
| Q2 24 | — | $146.9B | ||
| Q1 24 | — | $139.2B |
负债/权益比BIDUENB
| Q4 25 | 0.16× | 1.59× | ||
| Q3 25 | 0.07× | 1.54× | ||
| Q2 25 | 0.06× | 1.48× | ||
| Q1 25 | 0.06× | 1.42× | ||
| Q4 24 | 0.14× | 1.42× | ||
| Q3 24 | 0.05× | 1.33× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.27× |
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 | $9.0B |
| 自由现金流经营现金流 - 资本支出 | — | $2.4B |
| 自由现金流率自由现金流/营收 | — | 42.0% |
| 资本支出强度资本支出/营收 | — | 114.3% |
| 现金转化率经营现金流/净利润 | 5.08× | 5.96× |
| 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BIDUENB
| Q4 25 | $1.5B | $9.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | $-6.3B | — | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $4.0B | $9.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | — | $2.3B |
自由现金流BIDUENB
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $970.9M | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.4B |
自由现金流率BIDUENB
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 15.1% | ||
| Q4 24 | — | 79.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 29.0% |
资本支出强度BIDUENB
| Q4 25 | — | 114.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 90.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 17.5% |
现金转化率BIDUENB
| Q4 25 | 5.08× | 5.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | -6.26× | — | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | 7.12× | 21.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.88× | — | ||
| Q1 24 | — | 2.08× |
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% |
ENB
暂无分部数据
