vs
缤客控股（BKNG）与CATO CORP（CATO）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CATO CORP的40.9倍（$6.3B vs $155.4M）。缤客控股同比增速更快（16.0% vs 6.3%）。缤客控股自由现金流更多（$1.4B vs $-12.9M）。过去两年缤客控股的营收复合增速更高（19.9% vs -5.7%）
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。
凯拓集团（Cato Corporation）是美国女性时装及配饰零售商，总部位于北卡罗来纳州夏洛特市。截至2016年1月，该公司旗下共运营1372家门店，覆盖Cato、Cato Plus、It's Fashion、It's Fashion Metro与Versona多个品牌。
BKNG vs CATO — 直观对比
营收规模更大
BKNG
是对方的40.9倍
$155.4M
营收增速更快
BKNG
高出9.7%
6.3%
自由现金流更多
BKNG
多$1.4B
$-12.9M
两年增速更快
BKNG
近两年复合增速
-5.7%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $155.4M |
| 净利润 | — | $-5.2M |
| 毛利率 | — | 32.7% |
| 营业利润率 | 32.0% | -5.3% |
| 净利率 | — | -3.3% |
| 营收同比 | 16.0% | 6.3% |
| 净利润同比 | — | 65.6% |
| 每股收益（稀释后） | $43.66 | $-0.28 |
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BKNGCATO
| Q4 25 | $6.3B | $155.4M | ||
| Q3 25 | $9.0B | $176.5M | ||
| Q2 25 | $6.8B | $170.2M | ||
| Q1 25 | $4.8B | $157.9M | ||
| Q4 24 | $5.5B | $146.2M | ||
| Q3 24 | $8.0B | $168.6M | ||
| Q2 24 | $5.9B | $177.1M | ||
| Q1 24 | $4.4B | $174.9M |
净利润BKNGCATO
| Q4 25 | — | $-5.2M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $-14.1M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $95.0K | ||
| Q2 24 | — | $11.0M | ||
| Q1 24 | — | — |
毛利率BKNGCATO
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 29.2% | ||
| Q4 24 | — | 29.6% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 32.1% |
营业利润率BKNGCATO
| Q4 25 | 32.0% | -5.3% | ||
| Q3 25 | 38.7% | 3.1% | ||
| Q2 25 | 33.1% | 2.0% | ||
| Q1 25 | 22.3% | -15.2% | ||
| Q4 24 | 31.6% | -11.6% | ||
| Q3 24 | 39.8% | -0.4% | ||
| Q2 24 | 31.7% | 3.5% | ||
| Q1 24 | 17.9% | -9.5% |
净利率BKNGCATO
| Q4 25 | — | -3.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | -10.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 6.2% | ||
| Q1 24 | — | — |
每股收益（稀释后）BKNGCATO
| Q4 25 | $43.66 | $-0.28 | ||
| Q3 25 | $84.41 | $0.35 | ||
| Q2 25 | $27.43 | $0.17 | ||
| Q1 25 | $10.07 | $-0.73 | ||
| Q4 24 | $31.60 | $-0.79 | ||
| Q3 24 | $74.34 | $0.01 | ||
| Q2 24 | $44.38 | $0.54 | ||
| Q1 24 | $22.37 | $-1.15 |
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 | $79.0M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $167.6M |
| 总资产 | $29.3B | $450.2M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BKNGCATO
| Q4 25 | $17.2B | $79.0M | ||
| Q3 25 | $16.5B | $90.8M | ||
| Q2 25 | $17.6B | $80.0M | ||
| Q1 25 | $15.6B | $77.7M | ||
| Q4 24 | $16.2B | $86.2M | ||
| Q3 24 | $15.8B | $104.7M | ||
| Q2 24 | $16.3B | $105.4M | ||
| Q1 24 | $16.0B | $103.0M |
总债务BKNGCATO
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | — | ||
| Q2 25 | $18.5B | — | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.8B | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGCATO
| Q4 25 | $-5.6B | $167.6M | ||
| Q3 25 | $-4.7B | $172.2M | ||
| Q2 25 | $-6.7B | $164.9M | ||
| Q1 25 | $-6.1B | $162.3M | ||
| Q4 24 | $-4.0B | $177.1M | ||
| Q3 24 | $-3.7B | $195.1M | ||
| Q2 24 | $-4.3B | $196.9M | ||
| Q1 24 | $-4.1B | $192.3M |
总资产BKNGCATO
| Q4 25 | $29.3B | $450.2M | ||
| Q3 25 | $28.8B | $436.9M | ||
| Q2 25 | $30.7B | $440.8M | ||
| Q1 25 | $27.2B | $452.4M | ||
| Q4 24 | $27.7B | $424.4M | ||
| Q3 24 | $28.0B | $455.6M | ||
| Q2 24 | $28.5B | $477.1M | ||
| Q1 24 | $27.7B | $486.8M |
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 | $-12.4M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $-12.9M |
| 自由现金流率自由现金流/营收 | 22.3% | -8.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $9.1B | $-7.5M |
8季度趋势，按日历期对齐
经营现金流BKNGCATO
| Q4 25 | $1.5B | $-12.4M | ||
| Q3 25 | $1.4B | $11.8M | ||
| Q2 25 | $3.2B | $3.9M | ||
| Q1 25 | $3.3B | $-6.5M | ||
| Q4 24 | $721.0M | $-22.1M | ||
| Q3 24 | $2.4B | $3.1M | ||
| Q2 24 | $2.5B | $5.7M | ||
| Q1 24 | $2.7B | $-11.2M |
自由现金流BKNGCATO
| Q4 25 | $1.4B | $-12.9M | ||
| Q3 25 | $1.4B | $10.4M | ||
| Q2 25 | $3.1B | $2.8M | ||
| Q1 25 | $3.2B | $-7.8M | ||
| Q4 24 | $645.0M | $-23.8M | ||
| Q3 24 | $2.3B | $1.6M | ||
| Q2 24 | $2.4B | $2.4M | ||
| Q1 24 | $2.6B | $-13.5M |
自由现金流率BKNGCATO
| Q4 25 | 22.3% | -8.3% | ||
| Q3 25 | 15.2% | 5.9% | ||
| Q2 25 | 46.1% | 1.7% | ||
| Q1 25 | 66.4% | -5.0% | ||
| Q4 24 | 11.8% | -16.3% | ||
| Q3 24 | 28.7% | 0.9% | ||
| Q2 24 | 40.6% | 1.4% | ||
| Q1 24 | 58.3% | -7.7% |
资本支出强度BKNGCATO
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.9% | 0.6% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 1.4% | 1.2% | ||
| Q3 24 | 1.0% | 0.9% | ||
| Q2 24 | 2.5% | 1.8% | ||
| Q1 24 | 2.9% | 1.3% |
现金转化率BKNGCATO
| Q4 25 | — | — | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 32.95× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | — |
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% |
CATO
| Retail Segment | $154.7M | 100% |
| Credit Card | $5.3M | 3% |
