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百度（BIDU）与信安金融集团（PFG）财务数据对比。点击上方公司名可切换其他公司
百度的季度营收约是信安金融集团的1.1倍（$5.0B vs $4.6B），信安金融集团净利率更高（11.3% vs 6.0%，领先5.3%），百度同比增速更快（14.0% vs -3.7%），过去两年百度的营收复合增速更高（7.5% vs 6.3%）
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。
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
BIDU vs PFG — 直观对比
营收规模更大
BIDU
是对方的1.1倍
$4.6B
营收增速更快
BIDU
高出17.7%
-3.7%
净利率更高
PFG
高出5.3%
6.0%
两年增速更快
BIDU
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $4.6B |
| 净利润 | $300.0M | $517.0M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | — |
| 净利率 | 6.0% | 11.3% |
| 营收同比 | 14.0% | -3.7% |
| 净利润同比 | -47.1% | -42.9% |
| 每股收益（稀释后） | $0.53 | $2.30 |
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BIDUPFG
| Q4 25 | $5.0B | $4.6B | ||
| Q3 25 | $4.4B | $3.7B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $4.5B | $3.7B | ||
| Q4 24 | $4.4B | $4.8B | ||
| Q3 24 | $4.8B | $3.0B | ||
| Q2 24 | $4.7B | $4.3B | ||
| Q1 24 | $4.4B | $4.1B |
净利润BIDUPFG
| Q4 25 | $300.0M | $517.0M | ||
| Q3 25 | $-1.6B | $213.8M | ||
| Q2 25 | $1.0B | $406.2M | ||
| Q1 25 | $1.1B | $48.1M | ||
| Q4 24 | $567.0M | $905.4M | ||
| Q3 24 | $1.1B | $-220.0M | ||
| Q2 24 | $768.0M | $353.1M | ||
| Q1 24 | $811.0M | $532.5M |
毛利率BIDUPFG
| 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BIDUPFG
| Q4 25 | 4.1% | — | ||
| Q3 25 | -48.4% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 13.9% | — | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 17.5% | — | ||
| Q1 24 | 17.4% | — |
净利率BIDUPFG
| Q4 25 | 6.0% | 11.3% | ||
| Q3 25 | -36.3% | 5.8% | ||
| Q2 25 | 22.2% | 11.1% | ||
| Q1 25 | 24.1% | 1.3% | ||
| Q4 24 | 12.8% | 19.1% | ||
| Q3 24 | 23.2% | -7.3% | ||
| Q2 24 | 16.4% | 8.2% | ||
| Q1 24 | 18.6% | 13.1% |
每股收益（稀释后）BIDUPFG
| Q4 25 | $0.53 | $2.30 | ||
| Q3 25 | $-4.76 | $0.95 | ||
| Q2 25 | $2.84 | $1.79 | ||
| Q1 25 | $2.98 | $0.21 | ||
| Q4 24 | $1.95 | $3.92 | ||
| Q3 24 | $3.08 | $-0.95 | ||
| Q2 24 | — | $1.49 | ||
| Q1 24 | $2.07 | $2.22 |
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 | $4.4B |
| 总债务越低越好 | $5.9B | $3.9B |
| 股东权益账面价值 | $38.1B | $11.9B |
| 总资产 | $64.2B | $341.4B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BIDUPFG
| Q4 25 | $16.5B | $4.4B | ||
| Q3 25 | $17.5B | $5.1B | ||
| Q2 25 | $17.3B | $3.7B | ||
| Q1 25 | $19.5B | $3.9B | ||
| Q4 24 | $17.5B | $4.2B | ||
| Q3 24 | $18.9B | $6.2B | ||
| Q2 24 | — | $4.8B | ||
| Q1 24 | — | $4.2B |
总债务BIDUPFG
| Q4 25 | $5.9B | $3.9B | ||
| Q3 25 | $2.5B | $3.9B | ||
| Q2 25 | $2.4B | $3.9B | ||
| Q1 25 | $2.3B | $4.3B | ||
| Q4 24 | $4.9B | $4.0B | ||
| Q3 24 | $2.1B | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益BIDUPFG
| Q4 25 | $38.1B | $11.9B | ||
| Q3 25 | $38.6B | $11.7B | ||
| Q2 25 | $39.8B | $11.4B | ||
| Q1 25 | $38.6B | $11.2B | ||
| Q4 24 | $36.1B | $11.1B | ||
| Q3 24 | $38.5B | $11.2B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.2B |
总资产BIDUPFG
| Q4 25 | $64.2B | $341.4B | ||
| Q3 25 | $62.4B | $334.5B | ||
| Q2 25 | $62.9B | $323.1B | ||
| Q1 25 | $62.6B | $313.0B | ||
| Q4 24 | $58.6B | $313.7B | ||
| Q3 24 | $59.5B | $322.9B | ||
| Q2 24 | — | $308.8B | ||
| Q1 24 | — | $308.7B |
负债/权益比BIDUPFG
| Q4 25 | 0.16× | 0.33× | ||
| Q3 25 | 0.07× | 0.34× | ||
| Q2 25 | 0.06× | 0.34× | ||
| Q1 25 | 0.06× | 0.39× | ||
| Q4 24 | 0.14× | 0.36× | ||
| Q3 24 | 0.05× | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
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 | $1.7B |
| 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× | 3.37× |
| 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BIDUPFG
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $-6.3B | $811.9M | ||
| Q1 25 | — | $977.3M | ||
| Q4 24 | $4.0B | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $5.3B | $1.4B | ||
| Q1 24 | — | $584.2M |
现金转化率BIDUPFG
| Q4 25 | 5.08× | 3.37× | ||
| Q3 25 | — | 4.70× | ||
| Q2 25 | -6.26× | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | 7.12× | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.88× | 4.05× | ||
| Q1 24 | — | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
