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百度（BIDU）与Oneok（OKE）财务数据对比。点击上方公司名可切换其他公司
Oneok的季度营收约是百度的1.8倍（$9.1B vs $5.0B），Oneok净利率更高（10.8% vs 6.0%，领先4.8%），Oneok同比增速更快（29.5% vs 14.0%），过去两年Oneok的营收复合增速更高（37.7% 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。
ONEOK是美国油气中游领域运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及储存服务，位列财富500强及标普500指数成分股。公司前身为1906年成立的俄克拉荷马天然气公司，1980年正式更名为ONEOK。
BIDU vs OKE — 直观对比
营收规模更大
OKE
是对方的1.8倍
$5.0B
营收增速更快
OKE
高出15.5%
14.0%
净利率更高
OKE
高出4.8%
6.0%
两年增速更快
OKE
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $9.1B |
| 净利润 | $300.0M | $977.0M |
| 毛利率 | 41.0% | 29.4% |
| 营业利润率 | 4.1% | 16.9% |
| 净利率 | 6.0% | 10.8% |
| 营收同比 | 14.0% | 29.5% |
| 净利润同比 | -47.1% | 5.9% |
| 每股收益（稀释后） | $0.53 | $1.55 |
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BIDUOKE
| Q4 25 | $5.0B | $9.1B | ||
| Q3 25 | $4.4B | $8.6B | ||
| Q2 25 | $4.6B | $7.9B | ||
| Q1 25 | $4.5B | $8.0B | ||
| Q4 24 | $4.4B | $7.0B | ||
| Q3 24 | $4.8B | $5.0B | ||
| Q2 24 | $4.7B | $4.9B | ||
| Q1 24 | $4.4B | $4.8B |
净利润BIDUOKE
| Q4 25 | $300.0M | $977.0M | ||
| Q3 25 | $-1.6B | $939.0M | ||
| Q2 25 | $1.0B | $841.0M | ||
| Q1 25 | $1.1B | $636.0M | ||
| Q4 24 | $567.0M | $923.0M | ||
| Q3 24 | $1.1B | $693.0M | ||
| Q2 24 | $768.0M | $780.0M | ||
| Q1 24 | $811.0M | $639.0M |
毛利率BIDUOKE
| Q4 25 | 41.0% | 29.4% | ||
| Q3 25 | 41.2% | 30.9% | ||
| Q2 25 | 43.9% | 32.0% | ||
| Q1 25 | 46.1% | 29.7% | ||
| Q4 24 | 49.9% | 35.8% | ||
| Q3 24 | 51.1% | 39.7% | ||
| Q2 24 | 51.7% | 40.9% | ||
| Q1 24 | 51.5% | 39.4% |
营业利润率BIDUOKE
| Q4 25 | 4.1% | 16.9% | ||
| Q3 25 | -48.4% | 18.0% | ||
| Q2 25 | 10.0% | 18.1% | ||
| Q1 25 | 13.9% | 15.2% | ||
| Q4 24 | 11.1% | 22.4% | ||
| Q3 24 | 17.6% | 22.5% | ||
| Q2 24 | 17.5% | 25.1% | ||
| Q1 24 | 17.4% | 22.3% |
净利率BIDUOKE
| Q4 25 | 6.0% | 10.8% | ||
| Q3 25 | -36.3% | 10.9% | ||
| Q2 25 | 22.2% | 10.7% | ||
| Q1 25 | 24.1% | 7.9% | ||
| Q4 24 | 12.8% | 13.2% | ||
| Q3 24 | 23.2% | 13.8% | ||
| Q2 24 | 16.4% | 15.9% | ||
| Q1 24 | 18.6% | 13.4% |
每股收益（稀释后）BIDUOKE
| Q4 25 | $0.53 | $1.55 | ||
| Q3 25 | $-4.76 | $1.49 | ||
| Q2 25 | $2.84 | $1.34 | ||
| Q1 25 | $2.98 | $1.04 | ||
| Q4 24 | $1.95 | $1.57 | ||
| Q3 24 | $3.08 | $1.18 | ||
| Q2 24 | — | $1.33 | ||
| Q1 24 | $2.07 | $1.09 |
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 | $78.0M |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $38.1B | $22.5B |
| 总资产 | $64.2B | $66.6B |
| 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BIDUOKE
| Q4 25 | $16.5B | $78.0M | ||
| Q3 25 | $17.5B | $1.2B | ||
| Q2 25 | $17.3B | $97.0M | ||
| Q1 25 | $19.5B | $141.0M | ||
| Q4 24 | $17.5B | $733.0M | ||
| Q3 24 | $18.9B | $579.0M | ||
| Q2 24 | — | $36.0M | ||
| Q1 24 | — | $65.0M |
总债务BIDUOKE
| Q4 25 | $5.9B | — | ||
| Q3 25 | $2.5B | $33.7B | ||
| Q2 25 | $2.4B | $31.3B | ||
| Q1 25 | $2.3B | $31.8B | ||
| Q4 24 | $4.9B | $32.1B | ||
| Q3 24 | $2.1B | $28.1B | ||
| Q2 24 | — | $21.7B | ||
| Q1 24 | — | $21.7B |
股东权益BIDUOKE
| Q4 25 | $38.1B | $22.5B | ||
| Q3 25 | $38.6B | $22.1B | ||
| Q2 25 | $39.8B | $21.8B | ||
| Q1 25 | $38.6B | $21.4B | ||
| Q4 24 | $36.1B | $17.0B | ||
| Q3 24 | $38.5B | $16.9B | ||
| Q2 24 | — | $16.7B | ||
| Q1 24 | — | $16.4B |
总资产BIDUOKE
| Q4 25 | $64.2B | $66.6B | ||
| Q3 25 | $62.4B | $66.6B | ||
| Q2 25 | $62.9B | $64.5B | ||
| Q1 25 | $62.6B | $64.3B | ||
| Q4 24 | $58.6B | $64.1B | ||
| Q3 24 | $59.5B | $51.0B | ||
| Q2 24 | — | $44.5B | ||
| Q1 24 | — | $44.4B |
负债/权益比BIDUOKE
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.07× | 1.53× | ||
| Q2 25 | 0.06× | 1.43× | ||
| Q1 25 | 0.06× | 1.49× | ||
| Q4 24 | 0.14× | 1.88× | ||
| Q3 24 | 0.05× | 1.66× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.32× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $576.0M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 10.7% |
| 现金转化率经营现金流/净利润 | 5.08× | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流BIDUOKE
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $-6.3B | $1.5B | ||
| Q1 25 | — | $904.0M | ||
| Q4 24 | $4.0B | $1.6B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $5.3B | $1.4B | ||
| Q1 24 | — | $596.0M |
自由现金流BIDUOKE
| Q4 25 | — | $576.0M | ||
| Q3 25 | — | $820.0M | ||
| Q2 25 | — | $776.0M | ||
| Q1 25 | — | $275.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $783.0M | ||
| Q2 24 | — | $951.0M | ||
| Q1 24 | — | $84.0M |
自由现金流率BIDUOKE
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 1.8% |
资本支出强度BIDUOKE
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.7% |
现金转化率BIDUOKE
| Q4 25 | 5.08× | 1.58× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | -6.26× | 1.81× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 7.12× | 1.75× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | 6.88× | 1.83× | ||
| Q1 24 | — | 0.93× |
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% |
OKE
| Natural Gas Liquids | $4.0B | 44% |
| Natural Gas Gathering And Processing | $1.8B | 20% |
| Services | $1.2B | 14% |
| Liquids Commodity | $979.0M | 11% |
| Wholly Owned Interstate Natural Gas Pipelines | $527.0M | 6% |
| Exchange Services And Natural Gas Gathering And Processing Revenue | $365.0M | 4% |
| Transportationand Storage Revenue | $108.0M | 1% |
| Other | $12.0M | 0% |
