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百度（BIDU）与宣伟（SHW）财务数据对比。点击上方公司名可切换其他公司
宣伟的季度营收约是百度的1.1倍（$5.7B vs $5.0B），宣伟净利率更高（9.4% vs 6.0%，领先3.5%），百度同比增速更快（14.0% vs 6.8%），过去两年百度的营收复合增速更高（7.5% vs -4.9%）
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。
宣伟是总部位于美国俄亥俄州克利夫兰的涂料企业，主要从事涂料、地坪覆盖材料及相关产品的生产、分销与销售业务，业务覆盖全球超过120个国家，截至2024年按营收计为全球规模最大的涂料企业。
BIDU vs SHW — 直观对比
营收规模更大
SHW
是对方的1.1倍
$5.0B
营收增速更快
BIDU
高出7.2%
6.8%
净利率更高
SHW
高出3.5%
6.0%
两年增速更快
BIDU
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $5.7B |
| 净利润 | $300.0M | $534.7M |
| 毛利率 | 41.0% | 49.1% |
| 营业利润率 | 4.1% | — |
| 净利率 | 6.0% | 9.4% |
| 营收同比 | 14.0% | 6.8% |
| 净利润同比 | -47.1% | 6.1% |
| 每股收益（稀释后） | $0.53 | $2.15 |
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BIDUSHW
| Q1 26 | — | $5.7B | ||
| Q4 25 | $5.0B | $5.6B | ||
| Q3 25 | $4.4B | $6.4B | ||
| Q2 25 | $4.6B | $6.3B | ||
| Q1 25 | $4.5B | $5.3B | ||
| Q4 24 | $4.4B | $5.3B | ||
| Q3 24 | $4.8B | $6.2B | ||
| Q2 24 | $4.7B | $6.3B |
净利润BIDUSHW
| Q1 26 | — | $534.7M | ||
| Q4 25 | $300.0M | $476.8M | ||
| Q3 25 | $-1.6B | $833.1M | ||
| Q2 25 | $1.0B | $754.7M | ||
| Q1 25 | $1.1B | $503.9M | ||
| Q4 24 | $567.0M | $480.1M | ||
| Q3 24 | $1.1B | $806.2M | ||
| Q2 24 | $768.0M | $889.9M |
毛利率BIDUSHW
| Q1 26 | — | 49.1% | ||
| Q4 25 | 41.0% | 48.5% | ||
| Q3 25 | 41.2% | 49.2% | ||
| Q2 25 | 43.9% | 49.4% | ||
| Q1 25 | 46.1% | 48.2% | ||
| Q4 24 | 49.9% | 48.6% | ||
| Q3 24 | 51.1% | 49.1% | ||
| Q2 24 | 51.7% | 48.8% |
营业利润率BIDUSHW
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 11.4% | ||
| Q3 25 | -48.4% | 16.7% | ||
| Q2 25 | 10.0% | 15.6% | ||
| Q1 25 | 13.9% | 12.3% | ||
| Q4 24 | 11.1% | 11.6% | ||
| Q3 24 | 17.6% | 21.4% | ||
| Q2 24 | 17.5% | 22.5% |
净利率BIDUSHW
| Q1 26 | — | 9.4% | ||
| Q4 25 | 6.0% | 8.5% | ||
| Q3 25 | -36.3% | 13.1% | ||
| Q2 25 | 22.2% | 12.0% | ||
| Q1 25 | 24.1% | 9.5% | ||
| Q4 24 | 12.8% | 9.1% | ||
| Q3 24 | 23.2% | 13.1% | ||
| Q2 24 | 16.4% | 14.2% |
每股收益（稀释后）BIDUSHW
| Q1 26 | — | $2.15 | ||
| Q4 25 | $0.53 | $1.91 | ||
| Q3 25 | $-4.76 | $3.35 | ||
| Q2 25 | $2.84 | $3.00 | ||
| Q1 25 | $2.98 | $2.00 | ||
| Q4 24 | $1.95 | $1.90 | ||
| Q3 24 | $3.08 | $3.18 | ||
| Q2 24 | — | $3.50 |
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 | $216.9K |
| 总债务越低越好 | $5.9B | $11.7M |
| 股东权益账面价值 | $38.1B | $4.4M |
| 总资产 | $64.2B | $26.4M |
| 负债/权益比越低杠杆越低 | 0.16× | 2.64× |
8季度趋势，按日历期对齐
现金及短期投资BIDUSHW
| Q1 26 | — | $216.9K | ||
| Q4 25 | $16.5B | $207.2M | ||
| Q3 25 | $17.5B | $241.5M | ||
| Q2 25 | $17.3B | $269.8M | ||
| Q1 25 | $19.5B | $199.8M | ||
| Q4 24 | $17.5B | $210.4M | ||
| Q3 24 | $18.9B | $238.2M | ||
| Q2 24 | — | $200.0M |
总债务BIDUSHW
| Q1 26 | — | $11.7M | ||
| Q4 25 | $5.9B | $9.7B | ||
| Q3 25 | $2.5B | $9.7B | ||
| Q2 25 | $2.4B | $9.0B | ||
| Q1 25 | $2.3B | $9.0B | ||
| Q4 24 | $4.9B | $9.2B | ||
| Q3 24 | $2.1B | $9.2B | ||
| Q2 24 | — | $9.0B |
股东权益BIDUSHW
| Q1 26 | — | $4.4M | ||
| Q4 25 | $38.1B | $4.6B | ||
| Q3 25 | $38.6B | $4.4B | ||
| Q2 25 | $39.8B | $4.4B | ||
| Q1 25 | $38.6B | $4.1B | ||
| Q4 24 | $36.1B | $4.1B | ||
| Q3 24 | $38.5B | $4.2B | ||
| Q2 24 | — | $3.8B |
总资产BIDUSHW
| Q1 26 | — | $26.4M | ||
| Q4 25 | $64.2B | $25.9B | ||
| Q3 25 | $62.4B | $26.2B | ||
| Q2 25 | $62.9B | $25.4B | ||
| Q1 25 | $62.6B | $24.6B | ||
| Q4 24 | $58.6B | $23.6B | ||
| Q3 24 | $59.5B | $24.0B | ||
| Q2 24 | — | $23.7B |
负债/权益比BIDUSHW
| Q1 26 | — | 2.64× | ||
| Q4 25 | 0.16× | 2.10× | ||
| Q3 25 | 0.07× | 2.18× | ||
| Q2 25 | 0.06× | 2.04× | ||
| Q1 25 | 0.06× | 2.17× | ||
| Q4 24 | 0.14× | 2.28× | ||
| Q3 24 | 0.05× | 2.22× | ||
| Q2 24 | — | 2.39× |
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 | — | 2.4% |
| 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BIDUSHW
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $-6.3B | $1.1B | ||
| Q1 25 | — | $-61.1M | ||
| Q4 24 | $4.0B | $934.5M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $5.3B | $1.2B |
自由现金流BIDUSHW
| Q1 26 | — | — | ||
| Q4 25 | — | $862.1M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $931.1M | ||
| Q1 25 | — | $-250.4M | ||
| Q4 24 | — | $634.5M | ||
| Q3 24 | — | $839.4M | ||
| Q2 24 | — | $952.0M |
自由现金流率BIDUSHW
| Q1 26 | — | — | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 15.2% |
资本支出强度BIDUSHW
| Q1 26 | — | 2.4% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 4.0% |
现金转化率BIDUSHW
| Q1 26 | — | — | ||
| Q4 25 | 5.08× | 2.29× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | -6.26× | 1.47× | ||
| Q1 25 | — | -0.12× | ||
| Q4 24 | 7.12× | 1.95× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 6.88× | 1.35× |
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% |
SHW
暂无分部数据
