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缤客控股（BKNG）与Capri Holdings Ltd（CPRI）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Capri Holdings Ltd的6.2倍（$6.3B vs $1.0B）。缤客控股同比增速更快（16.0% vs -18.7%）。缤客控股自由现金流更多（$1.4B vs $183.0M）。过去两年缤客控股的营收复合增速更高（19.9% vs -15.2%）
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。
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
BKNG vs CPRI — 直观对比
营收规模更大
BKNG
是对方的6.2倍
$1.0B
营收增速更快
BKNG
高出34.8%
-18.7%
自由现金流更多
BKNG
多$1.2B
$183.0M
两年增速更快
BKNG
近两年复合增速
-15.2%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $1.0B |
| 净利润 | — | $116.0M |
| 毛利率 | — | 60.8% |
| 营业利润率 | 32.0% | 4.5% |
| 净利率 | — | 11.3% |
| 营收同比 | 16.0% | -18.7% |
| 净利润同比 | — | 121.2% |
| 每股收益（稀释后） | $43.66 | $0.96 |
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BKNGCPRI
| Q4 25 | $6.3B | $1.0B | ||
| Q3 25 | $9.0B | $856.0M | ||
| Q2 25 | $6.8B | $797.0M | ||
| Q1 25 | $4.8B | $1.6B | ||
| Q4 24 | $5.5B | $1.1B | ||
| Q3 24 | $8.0B | $878.0M | ||
| Q2 24 | $5.9B | $848.0M | ||
| Q1 24 | $4.4B | — |
净利润BKNGCPRI
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-28.0M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-645.0M | ||
| Q4 24 | — | $-547.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | $-14.0M | ||
| Q1 24 | — | — |
毛利率BKNGCPRI
| Q4 25 | — | 60.8% | ||
| Q3 25 | — | 61.0% | ||
| Q2 25 | — | 63.0% | ||
| Q1 25 | — | 64.9% | ||
| Q4 24 | — | 63.1% | ||
| Q3 24 | — | 62.3% | ||
| Q2 24 | — | 63.1% | ||
| Q1 24 | — | — |
营业利润率BKNGCPRI
| Q4 25 | 32.0% | 4.5% | ||
| Q3 25 | 38.7% | -1.4% | ||
| Q2 25 | 33.1% | 2.0% | ||
| Q1 25 | 22.3% | -47.5% | ||
| Q4 24 | 31.6% | 2.4% | ||
| Q3 24 | 39.8% | -0.7% | ||
| Q2 24 | 31.7% | 1.3% | ||
| Q1 24 | 17.9% | — |
净利率BKNGCPRI
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | -3.3% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | -39.1% | ||
| Q4 24 | — | -51.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | — |
每股收益（稀释后）BKNGCPRI
| Q4 25 | $43.66 | $0.96 | ||
| Q3 25 | $84.41 | $-0.22 | ||
| Q2 25 | $27.43 | $0.44 | ||
| Q1 25 | $10.07 | $-5.47 | ||
| Q4 24 | $31.60 | $-4.61 | ||
| Q3 24 | $74.34 | $0.20 | ||
| Q2 24 | $44.38 | $-0.12 | ||
| Q1 24 | $22.37 | — |
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 | $154.0M |
| 总债务越低越好 | $18.7B | $234.0M |
| 股东权益账面价值 | $-5.6B | $105.0M |
| 总资产 | $29.3B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资BKNGCPRI
| Q4 25 | $17.2B | $154.0M | ||
| Q3 25 | $16.5B | $120.0M | ||
| Q2 25 | $17.6B | $129.0M | ||
| Q1 25 | $15.6B | $107.0M | ||
| Q4 24 | $16.2B | $356.0M | ||
| Q3 24 | $15.8B | $182.0M | ||
| Q2 24 | $16.3B | $213.0M | ||
| Q1 24 | $16.0B | — |
总债务BKNGCPRI
| Q4 25 | $18.7B | $234.0M | ||
| Q3 25 | $17.0B | $1.8B | ||
| Q2 25 | $18.5B | $1.7B | ||
| Q1 25 | $16.0B | $1.5B | ||
| Q4 24 | $16.6B | $1.5B | ||
| Q3 24 | $16.2B | $1.7B | ||
| Q2 24 | $16.8B | $1.7B | ||
| Q1 24 | $16.9B | — |
股东权益BKNGCPRI
| Q4 25 | $-5.6B | $105.0M | ||
| Q3 25 | $-4.7B | $-74.0M | ||
| Q2 25 | $-6.7B | $-17.0M | ||
| Q1 25 | $-6.1B | $368.0M | ||
| Q4 24 | $-4.0B | $1.1B | ||
| Q3 24 | $-3.7B | $1.5B | ||
| Q2 24 | $-4.3B | $1.6B | ||
| Q1 24 | $-4.1B | — |
总资产BKNGCPRI
| Q4 25 | $29.3B | $3.3B | ||
| Q3 25 | $28.8B | $5.6B | ||
| Q2 25 | $30.7B | $5.5B | ||
| Q1 25 | $27.2B | $5.2B | ||
| Q4 24 | $27.7B | $5.9B | ||
| Q3 24 | $28.0B | $6.8B | ||
| Q2 24 | $28.5B | $6.6B | ||
| Q1 24 | $27.7B | — |
负债/权益比BKNGCPRI
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.05× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.08× | ||
| Q1 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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $183.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 17.9% |
| 资本支出强度资本支出/营收 | 1.1% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $-134.0M |
8季度趋势，按日历期对齐
经营现金流BKNGCPRI
| Q4 25 | $1.5B | $202.0M | ||
| Q3 25 | $1.4B | $-52.0M | ||
| Q2 25 | $3.2B | $-8.0M | ||
| Q1 25 | $3.3B | $-161.0M | ||
| Q4 24 | $721.0M | $309.0M | ||
| Q3 24 | $2.4B | $50.0M | ||
| Q2 24 | $2.5B | $83.0M | ||
| Q1 24 | $2.7B | — |
自由现金流BKNGCPRI
| Q4 25 | $1.4B | $183.0M | ||
| Q3 25 | $1.4B | $-65.0M | ||
| Q2 25 | $3.1B | $-21.0M | ||
| Q1 25 | $3.2B | $-231.0M | ||
| Q4 24 | $645.0M | $287.0M | ||
| Q3 24 | $2.3B | $30.0M | ||
| Q2 24 | $2.4B | $67.0M | ||
| Q1 24 | $2.6B | — |
自由现金流率BKNGCPRI
| Q4 25 | 22.3% | 17.9% | ||
| Q3 25 | 15.2% | -7.6% | ||
| Q2 25 | 46.1% | -2.6% | ||
| Q1 25 | 66.4% | -14.0% | ||
| Q4 24 | 11.8% | 26.9% | ||
| Q3 24 | 28.7% | 3.4% | ||
| Q2 24 | 40.6% | 7.9% | ||
| Q1 24 | 58.3% | — |
资本支出强度BKNGCPRI
| Q4 25 | 1.1% | 1.9% | ||
| Q3 25 | 0.7% | 1.5% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 2.5% | 4.2% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 2.5% | 1.9% | ||
| Q1 24 | 2.9% | — |
现金转化率BKNGCPRI
| Q4 25 | — | 1.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.15× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.08× | ||
| Q2 24 | — | — | ||
| 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% |
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
