vs
百度（BIDU）与帕兰提尔科技（PLTR）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帕兰提尔科技的3.6倍（$5.0B vs $1.4B），帕兰提尔科技净利率更高（43.3% vs 6.0%，领先37.3%），帕兰提尔科技同比增速更快（70.0% vs 14.0%），过去两年帕兰提尔科技的营收复合增速更高（48.9% 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。
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
BIDU vs PLTR — 直观对比
营收规模更大
BIDU
是对方的3.6倍
$1.4B
营收增速更快
PLTR
高出56.0%
14.0%
净利率更高
PLTR
高出37.3%
6.0%
两年增速更快
PLTR
近两年复合增速
7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $1.4B |
| 净利润 | $300.0M | $608.7M |
| 毛利率 | 41.0% | 84.6% |
| 营业利润率 | 4.1% | 40.9% |
| 净利率 | 6.0% | 43.3% |
| 营收同比 | 14.0% | 70.0% |
| 净利润同比 | -47.1% | 670.4% |
| 每股收益（稀释后） | $0.53 | $0.24 |
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BIDUPLTR
| Q4 25 | $5.0B | $1.4B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.6B | $1.0B | ||
| Q1 25 | $4.5B | $883.9M | ||
| Q4 24 | $4.4B | $827.5M | ||
| Q3 24 | $4.8B | $725.5M | ||
| Q2 24 | $4.7B | $678.1M | ||
| Q1 24 | $4.4B | $634.3M |
净利润BIDUPLTR
| Q4 25 | $300.0M | $608.7M | ||
| Q3 25 | $-1.6B | $475.6M | ||
| Q2 25 | $1.0B | $326.7M | ||
| Q1 25 | $1.1B | $214.0M | ||
| Q4 24 | $567.0M | $79.0M | ||
| Q3 24 | $1.1B | $143.5M | ||
| Q2 24 | $768.0M | $134.1M | ||
| Q1 24 | $811.0M | $105.5M |
毛利率BIDUPLTR
| Q4 25 | 41.0% | 84.6% | ||
| Q3 25 | 41.2% | 82.4% | ||
| Q2 25 | 43.9% | 80.8% | ||
| Q1 25 | 46.1% | 80.4% | ||
| Q4 24 | 49.9% | 78.9% | ||
| Q3 24 | 51.1% | 79.8% | ||
| Q2 24 | 51.7% | 81.0% | ||
| Q1 24 | 51.5% | 81.7% |
营业利润率BIDUPLTR
| Q4 25 | 4.1% | 40.9% | ||
| Q3 25 | -48.4% | 33.3% | ||
| Q2 25 | 10.0% | 26.8% | ||
| Q1 25 | 13.9% | 19.9% | ||
| Q4 24 | 11.1% | 1.3% | ||
| Q3 24 | 17.6% | 15.6% | ||
| Q2 24 | 17.5% | 15.5% | ||
| Q1 24 | 17.4% | 12.8% |
净利率BIDUPLTR
| Q4 25 | 6.0% | 43.3% | ||
| Q3 25 | -36.3% | 40.3% | ||
| Q2 25 | 22.2% | 32.6% | ||
| Q1 25 | 24.1% | 24.2% | ||
| Q4 24 | 12.8% | 9.5% | ||
| Q3 24 | 23.2% | 19.8% | ||
| Q2 24 | 16.4% | 19.8% | ||
| Q1 24 | 18.6% | 16.6% |
每股收益（稀释后）BIDUPLTR
| Q4 25 | $0.53 | $0.24 | ||
| Q3 25 | $-4.76 | $0.18 | ||
| Q2 25 | $2.84 | $0.13 | ||
| Q1 25 | $2.98 | $0.08 | ||
| Q4 24 | $1.95 | $0.03 | ||
| Q3 24 | $3.08 | $0.06 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | $2.07 | $0.04 |
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 | $7.2B |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $38.1B | $7.4B |
| 总资产 | $64.2B | $8.9B |
| 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BIDUPLTR
| Q4 25 | $16.5B | $7.2B | ||
| Q3 25 | $17.5B | $6.4B | ||
| Q2 25 | $17.3B | $6.0B | ||
| Q1 25 | $19.5B | $5.4B | ||
| Q4 24 | $17.5B | $5.2B | ||
| Q3 24 | $18.9B | $4.6B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.9B |
总债务BIDUPLTR
| 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BIDUPLTR
| Q4 25 | $38.1B | $7.4B | ||
| Q3 25 | $38.6B | $6.6B | ||
| Q2 25 | $39.8B | $5.9B | ||
| Q1 25 | $38.6B | $5.4B | ||
| Q4 24 | $36.1B | $5.0B | ||
| Q3 24 | $38.5B | $4.5B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $3.8B |
总资产BIDUPLTR
| Q4 25 | $64.2B | $8.9B | ||
| Q3 25 | $62.4B | $8.1B | ||
| Q2 25 | $62.9B | $7.4B | ||
| Q1 25 | $62.6B | $6.7B | ||
| Q4 24 | $58.6B | $6.3B | ||
| Q3 24 | $59.5B | $5.8B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | — | $4.8B |
负债/权益比BIDUPLTR
| 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 | $777.3M |
| 自由现金流经营现金流 - 资本支出 | — | $764.0M |
| 自由现金流率自由现金流/营收 | — | 54.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 5.08× | 1.28× |
| 过去12个月自由现金流最近4个季度 | — | $2.1B |
8季度趋势，按日历期对齐
经营现金流BIDUPLTR
| Q4 25 | $1.5B | $777.3M | ||
| Q3 25 | — | $507.7M | ||
| Q2 25 | $-6.3B | $539.3M | ||
| Q1 25 | — | $310.3M | ||
| Q4 24 | $4.0B | $460.3M | ||
| Q3 24 | — | $419.8M | ||
| Q2 24 | $5.3B | $144.2M | ||
| Q1 24 | — | $129.6M |
自由现金流BIDUPLTR
| Q4 25 | — | $764.0M | ||
| Q3 25 | — | $500.9M | ||
| Q2 25 | — | $531.6M | ||
| Q1 25 | — | $304.1M | ||
| Q4 24 | — | $457.2M | ||
| Q3 24 | — | $415.8M | ||
| Q2 24 | — | $141.3M | ||
| Q1 24 | — | $126.9M |
自由现金流率BIDUPLTR
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 42.4% | ||
| Q2 25 | — | 53.0% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 55.3% | ||
| Q3 24 | — | 57.3% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 20.0% |
资本支出强度BIDUPLTR
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
现金转化率BIDUPLTR
| Q4 25 | 5.08× | 1.28× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | -6.26× | 1.65× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 7.12× | 5.83× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | 6.88× | 1.08× | ||
| Q1 24 | — | 1.23× |
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% |
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
