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百度（BIDU）与Raymond James Financial（RJF）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Raymond James Financial的1.3倍（$5.0B vs $3.9B），Raymond James Financial净利率更高（14.1% vs 6.0%，领先8.1%），百度同比增速更快（14.0% vs 13.0%），过去两年百度的营收复合增速更高（7.5% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
BIDU vs RJF — 直观对比
营收规模更大
BIDU
是对方的1.3倍
$3.9B
营收增速更快
BIDU
高出1.0%
13.0%
净利率更高
RJF
高出8.1%
6.0%
两年增速更快
BIDU
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $3.9B |
| 净利润 | $300.0M | $544.0M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | — |
| 净利率 | 6.0% | 14.1% |
| 营收同比 | 14.0% | 13.0% |
| 净利润同比 | -47.1% | 10.0% |
| 每股收益（稀释后） | $0.53 | $2.83 |
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BIDURJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $5.0B | $4.2B | ||
| Q3 25 | $4.4B | $4.2B | ||
| Q2 25 | $4.6B | $3.8B | ||
| Q1 25 | $4.5B | $3.8B | ||
| Q4 24 | $4.4B | $4.0B | ||
| Q3 24 | $4.8B | $4.0B | ||
| Q2 24 | $4.7B | $3.8B |
净利润BIDURJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $300.0M | $563.0M | ||
| Q3 25 | $-1.6B | $604.0M | ||
| Q2 25 | $1.0B | $436.0M | ||
| Q1 25 | $1.1B | $495.0M | ||
| Q4 24 | $567.0M | $600.0M | ||
| Q3 24 | $1.1B | $602.0M | ||
| Q2 24 | $768.0M | $492.0M |
毛利率BIDURJF
| 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BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | — | ||
| Q3 25 | -48.4% | — | ||
| Q2 25 | 10.0% | 14.7% | ||
| Q1 25 | 13.9% | 17.5% | ||
| Q4 24 | 11.1% | 18.6% | ||
| Q3 24 | 17.6% | — | ||
| Q2 24 | 17.5% | 17.1% |
净利率BIDURJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | 6.0% | 13.5% | ||
| Q3 25 | -36.3% | 14.4% | ||
| Q2 25 | 22.2% | 11.3% | ||
| Q1 25 | 24.1% | 12.9% | ||
| Q4 24 | 12.8% | 14.9% | ||
| Q3 24 | 23.2% | 15.0% | ||
| Q2 24 | 16.4% | 13.1% |
每股收益（稀释后）BIDURJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $0.53 | $2.79 | ||
| Q3 25 | $-4.76 | $2.96 | ||
| Q2 25 | $2.84 | $2.12 | ||
| Q1 25 | $2.98 | $2.36 | ||
| Q4 24 | $1.95 | $2.86 | ||
| Q3 24 | $3.08 | $2.85 | ||
| Q2 24 | — | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $38.1B | $52.0M |
| 总资产 | $64.2B | $91.9B |
| 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BIDURJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $16.5B | $9.9B | ||
| Q3 25 | $17.5B | $11.4B | ||
| Q2 25 | $17.3B | $9.2B | ||
| Q1 25 | $19.5B | $9.7B | ||
| Q4 24 | $17.5B | $10.0B | ||
| Q3 24 | $18.9B | $11.0B | ||
| Q2 24 | — | $9.1B |
总债务BIDURJF
| Q1 26 | — | — | ||
| 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 | — | — |
股东权益BIDURJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $38.1B | $12.6B | ||
| Q3 25 | $38.6B | $12.5B | ||
| Q2 25 | $39.8B | $12.3B | ||
| Q1 25 | $38.6B | $12.2B | ||
| Q4 24 | $36.1B | $11.9B | ||
| Q3 24 | $38.5B | $11.7B | ||
| Q2 24 | — | $11.2B |
总资产BIDURJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $64.2B | $88.8B | ||
| Q3 25 | $62.4B | $88.2B | ||
| Q2 25 | $62.9B | $84.8B | ||
| Q1 25 | $62.6B | $83.1B | ||
| Q4 24 | $58.6B | $82.3B | ||
| Q3 24 | $59.5B | $83.0B | ||
| Q2 24 | — | $80.6B |
负债/权益比BIDURJF
| Q1 26 | — | — | ||
| 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 | — | — |
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BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-10.0M | ||
| Q3 25 | — | $796.0M | ||
| Q2 25 | $-6.3B | $691.0M | ||
| Q1 25 | — | $117.0M | ||
| Q4 24 | $4.0B | $830.0M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | $5.3B | $711.0M |
自由现金流BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | — | $-56.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $634.0M | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | — | $460.0M | ||
| Q2 24 | — | $655.0M |
自由现金流率BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | — | -1.3% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.4% |
资本支出强度BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.5% |
现金转化率BIDURJF
| Q1 26 | — | — | ||
| Q4 25 | 5.08× | -0.02× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | -6.26× | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 7.12× | 1.38× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | 6.88× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
