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缤客控股（BKNG）与DILLARD'S, INC.（DDS）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DILLARD'S, INC.的4.3倍（$6.3B vs $1.5B）。缤客控股同比增速更快（16.0% vs 2.9%）。缤客控股自由现金流更多（$1.4B vs $156.2M）。过去两年缤客控股的营收复合增速更高（19.9% vs -16.9%）
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。
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
BKNG vs DDS — 直观对比
营收规模更大
BKNG
是对方的4.3倍
$1.5B
营收增速更快
BKNG
高出13.1%
2.9%
自由现金流更多
BKNG
多$1.3B
$156.2M
两年增速更快
BKNG
近两年复合增速
-16.9%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $1.5B |
| 净利润 | — | $129.8M |
| 毛利率 | — | 43.4% |
| 营业利润率 | 32.0% | 11.5% |
| 净利率 | — | 8.8% |
| 营收同比 | 16.0% | 2.9% |
| 净利润同比 | — | 4.2% |
| 每股收益（稀释后） | $43.66 | $8.31 |
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BKNGDDS
| Q4 25 | $6.3B | $1.5B | ||
| Q3 25 | $9.0B | $1.5B | ||
| Q2 25 | $6.8B | $1.5B | ||
| Q1 25 | $4.8B | $2.0B | ||
| Q4 24 | $5.5B | $1.4B | ||
| Q3 24 | $8.0B | $1.5B | ||
| Q2 24 | $5.9B | $1.5B | ||
| Q1 24 | $4.4B | $2.1B |
净利润BKNGDDS
| Q4 25 | — | $129.8M | ||
| Q3 25 | — | $72.8M | ||
| Q2 25 | — | $163.8M | ||
| Q1 25 | — | $214.4M | ||
| Q4 24 | — | $124.6M | ||
| Q3 24 | — | $74.5M | ||
| Q2 24 | — | $180.0M | ||
| Q1 24 | — | $250.5M |
毛利率BKNGDDS
| Q4 25 | — | 43.4% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 34.9% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 36.6% |
营业利润率BKNGDDS
| Q4 25 | 32.0% | 11.5% | ||
| Q3 25 | 38.7% | 6.2% | ||
| Q2 25 | 33.1% | 14.0% | ||
| Q1 25 | 22.3% | 11.7% | ||
| Q4 24 | 31.6% | 11.4% | ||
| Q3 24 | 39.8% | 6.5% | ||
| Q2 24 | 31.7% | 15.2% | ||
| Q1 24 | 17.9% | 13.3% |
净利率BKNGDDS
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 11.8% |
每股收益（稀释后）BKNGDDS
| Q4 25 | $43.66 | $8.31 | ||
| Q3 25 | $84.41 | $4.66 | ||
| Q2 25 | $27.43 | $10.39 | ||
| Q1 25 | $10.07 | $13.41 | ||
| Q4 24 | $31.60 | $7.73 | ||
| Q3 24 | $74.34 | $4.59 | ||
| Q2 24 | $44.38 | $11.09 | ||
| Q1 24 | $22.37 | $15.41 |
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 | $1.1B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $2.0B |
| 总资产 | $29.3B | $4.3B |
| 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BKNGDDS
| Q4 25 | $17.2B | $1.1B | ||
| Q3 25 | $16.5B | $1.0B | ||
| Q2 25 | $17.6B | $900.5M | ||
| Q1 25 | $15.6B | $717.9M | ||
| Q4 24 | $16.2B | $980.4M | ||
| Q3 24 | $15.8B | $946.7M | ||
| Q2 24 | $16.3B | $817.8M | ||
| Q1 24 | $16.0B | $808.3M |
总债务BKNGDDS
| 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BKNGDDS
| Q4 25 | $-5.6B | $2.0B | ||
| Q3 25 | $-4.7B | $1.9B | ||
| Q2 25 | $-6.7B | $1.9B | ||
| Q1 25 | $-6.1B | $1.8B | ||
| Q4 24 | $-4.0B | $2.0B | ||
| Q3 24 | $-3.7B | $1.9B | ||
| Q2 24 | $-4.3B | $1.9B | ||
| Q1 24 | $-4.1B | $1.7B |
总资产BKNGDDS
| Q4 25 | $29.3B | $4.3B | ||
| Q3 25 | $28.8B | $3.7B | ||
| Q2 25 | $30.7B | $3.9B | ||
| Q1 25 | $27.2B | $3.5B | ||
| Q4 24 | $27.7B | $4.1B | ||
| Q3 24 | $28.0B | $3.7B | ||
| Q2 24 | $28.5B | $3.9B | ||
| Q1 24 | $27.7B | $3.4B |
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 | $186.5M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $156.2M |
| 自由现金流率自由现金流/营收 | 22.3% | 10.6% |
| 资本支出强度资本支出/营收 | 1.1% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $781.3M |
8季度趋势，按日历期对齐
经营现金流BKNGDDS
| Q4 25 | $1.5B | $186.5M | ||
| Q3 25 | $1.4B | $86.8M | ||
| Q2 25 | $3.2B | $232.6M | ||
| Q1 25 | $3.3B | $364.7M | ||
| Q4 24 | $721.0M | $173.5M | ||
| Q3 24 | $2.4B | $-68.4M | ||
| Q2 24 | $2.5B | $244.4M | ||
| Q1 24 | $2.7B | $436.5M |
自由现金流BKNGDDS
| Q4 25 | $1.4B | $156.2M | ||
| Q3 25 | $1.4B | $60.1M | ||
| Q2 25 | $3.1B | $215.8M | ||
| Q1 25 | $3.2B | $349.3M | ||
| Q4 24 | $645.0M | $145.4M | ||
| Q3 24 | $2.3B | $-94.3M | ||
| Q2 24 | $2.4B | $209.2M | ||
| Q1 24 | $2.6B | $408.2M |
自由现金流率BKNGDDS
| Q4 25 | 22.3% | 10.6% | ||
| Q3 25 | 15.2% | 4.0% | ||
| Q2 25 | 46.1% | 14.1% | ||
| Q1 25 | 66.4% | 17.3% | ||
| Q4 24 | 11.8% | 10.2% | ||
| Q3 24 | 28.7% | -6.3% | ||
| Q2 24 | 40.6% | 13.5% | ||
| Q1 24 | 58.3% | 19.2% |
资本支出强度BKNGDDS
| Q4 25 | 1.1% | 2.1% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 1.4% | 2.0% | ||
| Q3 24 | 1.0% | 1.7% | ||
| Q2 24 | 2.5% | 2.3% | ||
| Q1 24 | 2.9% | 1.3% |
现金转化率BKNGDDS
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.74× |
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% |
DDS
暂无分部数据
