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百度（BIDU）与Exelon（EXC）财务数据对比。点击上方公司名可切换其他公司
Exelon的季度营收约是百度的1.1倍（$5.4B vs $5.0B），百度同比增速更快（14.0% vs -19.4%），过去两年百度的营收复合增速更高（7.5% vs 0.5%）
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。
Exelon是总部位于美国芝加哥、在宾夕法尼亚州注册的公用事业企业，按营收计算为美国最大的电力母公司，同时是美国规模最大的受监管电力公用事业公司，服务约1000万用户，位列《财富》世界500强第187位。
BIDU vs EXC — 直观对比
营收规模更大
EXC
是对方的1.1倍
$5.0B
营收增速更快
BIDU
高出33.4%
-19.4%
两年增速更快
BIDU
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $5.4B |
| 净利润 | $300.0M | — |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | 21.9% |
| 净利率 | 6.0% | — |
| 营收同比 | 14.0% | -19.4% |
| 净利润同比 | -47.1% | — |
| 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BIDUEXC
| Q1 26 | — | $5.4B | ||
| Q4 25 | $5.0B | $5.4B | ||
| Q3 25 | $4.4B | $6.7B | ||
| Q2 25 | $4.6B | $5.4B | ||
| Q1 25 | $4.5B | $6.7B | ||
| Q4 24 | $4.4B | $5.5B | ||
| Q3 24 | $4.8B | $6.2B | ||
| Q2 24 | $4.7B | $5.4B |
净利润BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | $300.0M | $594.0M | ||
| Q3 25 | $-1.6B | $875.0M | ||
| Q2 25 | $1.0B | $391.0M | ||
| Q1 25 | $1.1B | $908.0M | ||
| Q4 24 | $567.0M | $647.0M | ||
| Q3 24 | $1.1B | $707.0M | ||
| Q2 24 | $768.0M | $448.0M |
毛利率BIDUEXC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BIDUEXC
| Q1 26 | — | 21.9% | ||
| Q4 25 | 4.1% | 21.9% | ||
| Q3 25 | -48.4% | 22.4% | ||
| Q2 25 | 10.0% | 17.1% | ||
| Q1 25 | 13.9% | 22.9% | ||
| Q4 24 | 11.1% | 20.0% | ||
| Q3 24 | 17.6% | 19.4% | ||
| Q2 24 | 17.5% | 17.0% |
净利率BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 11.0% | ||
| Q3 25 | -36.3% | 13.0% | ||
| Q2 25 | 22.2% | 7.2% | ||
| Q1 25 | 24.1% | 13.5% | ||
| Q4 24 | 12.8% | 11.8% | ||
| Q3 24 | 23.2% | 11.5% | ||
| Q2 24 | 16.4% | 8.4% |
每股收益（稀释后）BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | $0.53 | — | ||
| Q3 25 | $-4.76 | $0.86 | ||
| Q2 25 | $2.84 | $0.39 | ||
| Q1 25 | $2.98 | $0.90 | ||
| Q4 24 | $1.95 | — | ||
| Q3 24 | $3.08 | $0.70 | ||
| Q2 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 | $16.5B | $626.0M |
| 总债务越低越好 | $5.9B | $49.4B |
| 股东权益账面价值 | $38.1B | $28.8B |
| 总资产 | $64.2B | $116.6B |
| 负债/权益比越低杠杆越低 | 0.16× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资BIDUEXC
| Q1 26 | — | $626.0M | ||
| Q4 25 | $16.5B | $626.0M | ||
| Q3 25 | $17.5B | $1.5B | ||
| Q2 25 | $17.3B | $724.0M | ||
| Q1 25 | $19.5B | $1.0B | ||
| Q4 24 | $17.5B | $357.0M | ||
| Q3 24 | $18.9B | $616.0M | ||
| Q2 24 | — | $934.0M |
总债务BIDUEXC
| Q1 26 | — | $49.4B | ||
| Q4 25 | $5.9B | $49.4B | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $4.9B | $44.7B | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | — | — |
股东权益BIDUEXC
| Q1 26 | — | $28.8B | ||
| Q4 25 | $38.1B | $28.8B | ||
| Q3 25 | $38.6B | $28.1B | ||
| Q2 25 | $39.8B | $27.6B | ||
| Q1 25 | $38.6B | $27.6B | ||
| Q4 24 | $36.1B | $26.9B | ||
| Q3 24 | $38.5B | $26.6B | ||
| Q2 24 | — | $26.2B |
总资产BIDUEXC
| Q1 26 | — | $116.6B | ||
| Q4 25 | $64.2B | $116.6B | ||
| Q3 25 | $62.4B | $113.5B | ||
| Q2 25 | $62.9B | $111.1B | ||
| Q1 25 | $62.6B | $109.5B | ||
| Q4 24 | $58.6B | $107.8B | ||
| Q3 24 | $59.5B | $106.1B | ||
| Q2 24 | — | $105.1B |
负债/权益比BIDUEXC
| Q1 26 | — | 1.72× | ||
| Q4 25 | 0.16× | 1.72× | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.14× | 1.66× | ||
| Q3 24 | 0.05× | — | ||
| Q2 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 | — |
| 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× | — |
| 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BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $-6.3B | $1.5B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $4.0B | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $5.3B | $1.5B |
自由现金流BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $163.0M | ||
| Q2 25 | — | $-502.0M | ||
| Q1 25 | — | $-746.0M | ||
| Q4 24 | — | $-510.0M | ||
| Q3 24 | — | $-6.0M | ||
| Q2 24 | — | $-237.0M |
自由现金流率BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | — | -22.0% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | -9.3% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -9.3% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | -4.4% |
资本支出强度BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | — | 45.0% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 31.7% |
现金转化率BIDUEXC
| Q1 26 | — | — | ||
| Q4 25 | 5.08× | 2.09× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | -6.26× | 3.86× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 7.12× | 2.20× | ||
| Q3 24 | — | 2.39× | ||
| Q2 24 | 6.88× | 3.26× |
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% |
EXC
暂无分部数据
