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缤客控股（BKNG）与BlueLinx Holdings Inc.（BXC）财务数据对比。点击上方公司名可切换其他公司
缤客控股的季度营收约是BlueLinx Holdings Inc.的8.5倍（$6.3B vs $748.9M），缤客控股同比增速更快（16.0% vs 0.2%），缤客控股自由现金流更多（$1.4B vs $52.7M），过去两年缤客控股的营收复合增速更高（19.9% vs 2.5%）
缤客控股是全球领先的旅行服务集团，旗下运营Booking.com、Priceline、Agoda、Kayak等知名在线平台，为休闲及商务旅客提供酒店预订、机票订购、租车服务、度假套餐、餐厅预约等服务，业务覆盖全球绝大多数国家和地区，合作数百万家旅游及餐饮商户。
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
BKNG vs BXC — 直观对比
营收规模更大
BKNG
是对方的8.5倍
$748.9M
营收增速更快
BKNG
高出15.8%
0.2%
自由现金流更多
BKNG
多$1.4B
$52.7M
两年增速更快
BKNG
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $748.9M |
| 净利润 | — | $1.7M |
| 毛利率 | — | 14.4% |
| 营业利润率 | 32.0% | 1.3% |
| 净利率 | — | 0.2% |
| 营收同比 | 16.0% | 0.2% |
| 净利润同比 | — | -89.7% |
| 每股收益（稀释后） | $43.66 | $0.20 |
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BKNGBXC
| Q4 25 | $6.3B | — | ||
| Q3 25 | $9.0B | $748.9M | ||
| Q2 25 | $6.8B | $780.1M | ||
| Q1 25 | $4.8B | $709.2M | ||
| Q4 24 | $5.5B | $710.6M | ||
| Q3 24 | $8.0B | $747.3M | ||
| Q2 24 | $5.9B | $768.4M | ||
| Q1 24 | $4.4B | $726.2M |
净利润BKNGBXC
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $16.0M | ||
| Q2 24 | — | $14.3M | ||
| Q1 24 | — | $17.5M |
毛利率BKNGBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 17.6% |
营业利润率BKNGBXC
| Q4 25 | 32.0% | — | ||
| Q3 25 | 38.7% | 1.3% | ||
| Q2 25 | 33.1% | 1.9% | ||
| Q1 25 | 22.3% | 1.5% | ||
| Q4 24 | 31.6% | 1.7% | ||
| Q3 24 | 39.8% | 3.2% | ||
| Q2 24 | 31.7% | 3.1% | ||
| Q1 24 | 17.9% | 3.8% |
净利率BKNGBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.4% |
每股收益（稀释后）BKNGBXC
| Q4 25 | $43.66 | — | ||
| Q3 25 | $84.41 | $0.20 | ||
| Q2 25 | $27.43 | $0.54 | ||
| Q1 25 | $10.07 | $0.33 | ||
| Q4 24 | $31.60 | $0.67 | ||
| Q3 24 | $74.34 | $1.87 | ||
| Q2 24 | $44.38 | $1.65 | ||
| Q1 24 | $22.37 | $2.00 |
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 | $17.2B | $429.4M |
| 总债务越低越好 | $18.7B | $598.5M |
| 股东权益账面价值 | $-5.6B | $623.0M |
| 总资产 | $29.3B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资BKNGBXC
| Q4 25 | $17.2B | — | ||
| Q3 25 | $16.5B | $429.4M | ||
| Q2 25 | $17.6B | $386.8M | ||
| Q1 25 | $15.6B | $449.0M | ||
| Q4 24 | $16.2B | $505.6M | ||
| Q3 24 | $15.8B | $526.3M | ||
| Q2 24 | $16.3B | $491.4M | ||
| Q1 24 | $16.0B | $481.3M |
总债务BKNGBXC
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | $598.5M | ||
| Q2 25 | $18.5B | $596.4M | ||
| Q1 25 | $16.0B | $596.6M | ||
| Q4 24 | $16.6B | $575.1M | ||
| Q3 24 | $16.2B | $576.0M | ||
| Q2 24 | $16.8B | $574.6M | ||
| Q1 24 | $16.9B | $574.0M |
股东权益BKNGBXC
| Q4 25 | $-5.6B | — | ||
| Q3 25 | $-4.7B | $623.0M | ||
| Q2 25 | $-6.7B | $621.3M | ||
| Q1 25 | $-6.1B | $636.1M | ||
| Q4 24 | $-4.0B | $646.4M | ||
| Q3 24 | $-3.7B | $655.6M | ||
| Q2 24 | $-4.3B | $652.3M | ||
| Q1 24 | $-4.1B | $653.2M |
总资产BKNGBXC
| Q4 25 | $29.3B | — | ||
| Q3 25 | $28.8B | $1.6B | ||
| Q2 25 | $30.7B | $1.6B | ||
| Q1 25 | $27.2B | $1.6B | ||
| Q4 24 | $27.7B | $1.6B | ||
| Q3 24 | $28.0B | $1.6B | ||
| Q2 24 | $28.5B | $1.6B | ||
| Q1 24 | $27.7B | $1.6B |
负债/权益比BKNGBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.88× |
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 | $58.6M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $52.7M |
| 自由现金流率自由现金流/营收 | 22.3% | 7.0% |
| 资本支出强度资本支出/营收 | 1.1% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 35.42× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $-25.1M |
8季度趋势，按日历期对齐
经营现金流BKNGBXC
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $58.6M | ||
| Q2 25 | $3.2B | $-26.8M | ||
| Q1 25 | $3.3B | $-33.9M | ||
| Q4 24 | $721.0M | $18.7M | ||
| Q3 24 | $2.4B | $61.8M | ||
| Q2 24 | $2.5B | $35.8M | ||
| Q1 24 | $2.7B | $-31.1M |
自由现金流BKNGBXC
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $52.7M | ||
| Q2 25 | $3.1B | $-36.4M | ||
| Q1 25 | $3.2B | $-39.8M | ||
| Q4 24 | $645.0M | $-1.5M | ||
| Q3 24 | $2.3B | $53.8M | ||
| Q2 24 | $2.4B | $29.3M | ||
| Q1 24 | $2.6B | $-36.6M |
自由现金流率BKNGBXC
| Q4 25 | 22.3% | — | ||
| Q3 25 | 15.2% | 7.0% | ||
| Q2 25 | 46.1% | -4.7% | ||
| Q1 25 | 66.4% | -5.6% | ||
| Q4 24 | 11.8% | -0.2% | ||
| Q3 24 | 28.7% | 7.2% | ||
| Q2 24 | 40.6% | 3.8% | ||
| Q1 24 | 58.3% | -5.0% |
资本支出强度BKNGBXC
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.0% | 1.1% | ||
| Q2 24 | 2.5% | 0.8% | ||
| Q1 24 | 2.9% | 0.8% |
现金转化率BKNGBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 35.42× | ||
| Q2 25 | — | -6.21× | ||
| Q1 25 | — | -12.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.86× | ||
| Q2 24 | — | 2.50× | ||
| Q1 24 | — | -1.78× |
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
BKNG
| Merchant Revenue | $4.2B | 67% |
| Agency Revenue | $1.8B | 28% |
| Advertisingandotherrevenues | $309.0M | 5% |
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
