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百度（BIDU）与W. R. Berkley Corporation（WRB）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W. R. Berkley Corporation的1.4倍（$5.0B vs $3.7B），W. R. Berkley Corporation净利率更高（14.0% vs 6.0%，领先8.0%），百度同比增速更快（14.0% vs 4.0%），过去两年百度的营收复合增速更高（7.5% vs 5.5%）
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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
BIDU vs WRB — 直观对比
营收规模更大
BIDU
是对方的1.4倍
$3.7B
营收增速更快
BIDU
高出9.9%
4.0%
净利率更高
WRB
高出8.0%
6.0%
两年增速更快
BIDU
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.0B | $3.7B |
| 净利润 | $300.0M | $515.2M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 4.1% | — |
| 净利率 | 6.0% | 14.0% |
| 营收同比 | 14.0% | 4.0% |
| 净利润同比 | -47.1% | 23.4% |
| 每股收益（稀释后） | $0.53 | $1.31 |
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BIDUWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $5.0B | $3.7B | ||
| Q3 25 | $4.4B | $3.8B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $4.4B | $3.7B | ||
| Q3 24 | $4.8B | $3.4B | ||
| Q2 24 | $4.7B | $3.3B |
净利润BIDUWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $300.0M | $449.5M | ||
| Q3 25 | $-1.6B | $511.0M | ||
| Q2 25 | $1.0B | $401.3M | ||
| Q1 25 | $1.1B | $417.6M | ||
| Q4 24 | $567.0M | $576.1M | ||
| Q3 24 | $1.1B | $365.6M | ||
| Q2 24 | $768.0M | $371.9M |
毛利率BIDUWRB
| 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BIDUWRB
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 15.4% | ||
| Q3 25 | -48.4% | 17.2% | ||
| Q2 25 | 10.0% | 14.2% | ||
| Q1 25 | 13.9% | 15.2% | ||
| Q4 24 | 11.1% | 19.9% | ||
| Q3 24 | 17.6% | 14.0% | ||
| Q2 24 | 17.5% | 14.7% |
净利率BIDUWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | 6.0% | 12.1% | ||
| Q3 25 | -36.3% | 13.6% | ||
| Q2 25 | 22.2% | 10.9% | ||
| Q1 25 | 24.1% | 11.8% | ||
| Q4 24 | 12.8% | 15.7% | ||
| Q3 24 | 23.2% | 10.8% | ||
| Q2 24 | 16.4% | 11.2% |
每股收益（稀释后）BIDUWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $0.53 | $1.13 | ||
| Q3 25 | $-4.76 | $1.28 | ||
| Q2 25 | $2.84 | $1.00 | ||
| Q1 25 | $2.98 | $1.04 | ||
| Q4 24 | $1.95 | $0.89 | ||
| Q3 24 | $3.08 | $0.91 | ||
| Q2 24 | — | $0.92 |
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 | $2.1B |
| 总债务越低越好 | $5.9B | — |
| 股东权益账面价值 | $38.1B | — |
| 总资产 | $64.2B | $44.3B |
| 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BIDUWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $16.5B | $2.5B | ||
| Q3 25 | $17.5B | $2.4B | ||
| Q2 25 | $17.3B | $2.0B | ||
| Q1 25 | $19.5B | $1.7B | ||
| Q4 24 | $17.5B | $2.0B | ||
| Q3 24 | $18.9B | $1.6B | ||
| Q2 24 | — | $1.6B |
总债务BIDUWRB
| 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BIDUWRB
| Q1 26 | — | — | ||
| Q4 25 | $38.1B | $9.7B | ||
| Q3 25 | $38.6B | $9.8B | ||
| Q2 25 | $39.8B | $9.3B | ||
| Q1 25 | $38.6B | $8.9B | ||
| Q4 24 | $36.1B | $8.4B | ||
| Q3 24 | $38.5B | $8.4B | ||
| Q2 24 | — | $7.8B |
总资产BIDUWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $64.2B | $44.1B | ||
| Q3 25 | $62.4B | $43.7B | ||
| Q2 25 | $62.9B | $42.7B | ||
| Q1 25 | $62.6B | $41.3B | ||
| Q4 24 | $58.6B | $40.6B | ||
| Q3 24 | $59.5B | $40.4B | ||
| Q2 24 | — | $38.9B |
负债/权益比BIDUWRB
| 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BIDUWRB
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $995.1M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $-6.3B | $703.8M | ||
| Q1 25 | — | $743.8M | ||
| Q4 24 | $4.0B | $810.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $5.3B | $881.3M |
现金转化率BIDUWRB
| Q1 26 | — | — | ||
| Q4 25 | 5.08× | 2.21× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | -6.26× | 1.75× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | 7.12× | 1.41× | ||
| Q3 24 | — | 3.39× | ||
| Q2 24 | 6.88× | 2.37× |
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% |
WRB
暂无分部数据
