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缤客控股（BKNG）与Devon Energy（DVN）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Devon Energy的1.6倍（$6.3B vs $3.9B），缤客控股同比增速更快（16.0% vs -12.3%），缤客控股自由现金流更多（$1.4B vs $702.0M），过去两年缤客控股的营收复合增速更高（19.9% vs 2.6%）
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。
Devon Energy是美国主营油气勘探开发的能源企业，注册地位于特拉华州，运营总部设在俄克拉荷马州俄克拉荷马市的50层Devon Energy中心，业务布局覆盖特拉华盆地、伊格尔福特产区及落基山脉区域。
BKNG vs DVN — 直观对比
营收规模更大
BKNG
是对方的1.6倍
$3.9B
营收增速更快
BKNG
高出28.3%
-12.3%
自由现金流更多
BKNG
多$715.0M
$702.0M
两年增速更快
BKNG
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.9B |
| 净利润 | — | $562.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 19.0% |
| 净利率 | — | 14.3% |
| 营收同比 | 16.0% | -12.3% |
| 净利润同比 | — | -12.1% |
| 每股收益（稀释后） | $43.66 | $0.90 |
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BKNGDVN
| Q4 25 | $6.3B | $3.9B | ||
| Q3 25 | $9.0B | $4.3B | ||
| Q2 25 | $6.8B | $4.0B | ||
| Q1 25 | $4.8B | $4.5B | ||
| Q4 24 | $5.5B | $4.5B | ||
| Q3 24 | $8.0B | $3.8B | ||
| Q2 24 | $5.9B | $3.9B | ||
| Q1 24 | $4.4B | $3.7B |
净利润BKNGDVN
| Q4 25 | — | $562.0M | ||
| Q3 25 | — | $687.0M | ||
| Q2 25 | — | $899.0M | ||
| Q1 25 | — | $494.0M | ||
| Q4 24 | — | $639.0M | ||
| Q3 24 | — | $812.0M | ||
| Q2 24 | — | $844.0M | ||
| Q1 24 | — | $596.0M |
营业利润率BKNGDVN
| Q4 25 | 32.0% | 19.0% | ||
| Q3 25 | 38.7% | 21.5% | ||
| Q2 25 | 33.1% | 28.7% | ||
| Q1 25 | 22.3% | 14.2% | ||
| Q4 24 | 31.6% | 18.7% | ||
| Q3 24 | 39.8% | 28.0% | ||
| Q2 24 | 31.7% | 26.7% | ||
| Q1 24 | 17.9% | 20.5% |
净利率BKNGDVN
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 14.2% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | 15.9% |
每股收益（稀释后）BKNGDVN
| Q4 25 | $43.66 | $0.90 | ||
| Q3 25 | $84.41 | $1.09 | ||
| Q2 25 | $27.43 | $1.41 | ||
| Q1 25 | $10.07 | $0.77 | ||
| Q4 24 | $31.60 | $0.98 | ||
| Q3 24 | $74.34 | $1.30 | ||
| Q2 24 | $44.38 | $1.34 | ||
| Q1 24 | $22.37 | $0.94 |
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 | $1.4B |
| 总债务越低越好 | $18.7B | $8.4B |
| 股东权益账面价值 | $-5.6B | $15.5B |
| 总资产 | $29.3B | $31.6B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资BKNGDVN
| Q4 25 | $17.2B | $1.4B | ||
| Q3 25 | $16.5B | $1.2B | ||
| Q2 25 | $17.6B | $1.7B | ||
| Q1 25 | $15.6B | $1.2B | ||
| Q4 24 | $16.2B | $811.0M | ||
| Q3 24 | $15.8B | $645.0M | ||
| Q2 24 | $16.3B | $1.1B | ||
| Q1 24 | $16.0B | $1.1B |
总债务BKNGDVN
| Q4 25 | $18.7B | $8.4B | ||
| Q3 25 | $17.0B | $8.4B | ||
| Q2 25 | $18.5B | $8.9B | ||
| Q1 25 | $16.0B | $8.9B | ||
| Q4 24 | $16.6B | $8.9B | ||
| Q3 24 | $16.2B | $8.9B | ||
| Q2 24 | $16.8B | $6.1B | ||
| Q1 24 | $16.9B | $6.1B |
股东权益BKNGDVN
| Q4 25 | $-5.6B | $15.5B | ||
| Q3 25 | $-4.7B | $15.3B | ||
| Q2 25 | $-6.7B | $15.1B | ||
| Q1 25 | $-6.1B | $14.5B | ||
| Q4 24 | $-4.0B | $14.5B | ||
| Q3 24 | $-3.7B | $14.3B | ||
| Q2 24 | $-4.3B | $12.6B | ||
| Q1 24 | $-4.1B | $12.2B |
总资产BKNGDVN
| Q4 25 | $29.3B | $31.6B | ||
| Q3 25 | $28.8B | $31.2B | ||
| Q2 25 | $30.7B | $31.4B | ||
| Q1 25 | $27.2B | $30.9B | ||
| Q4 24 | $27.7B | $30.5B | ||
| Q3 24 | $28.0B | $30.3B | ||
| Q2 24 | $28.5B | $25.2B | ||
| Q1 24 | $27.7B | $25.0B |
负债/权益比BKNGDVN
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.51× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $702.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 17.8% |
| 资本支出强度资本支出/营收 | 1.1% | 21.1% |
| 现金转化率经营现金流/净利润 | — | 2.73× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $3.1B |
8季度趋势，按日历期对齐
经营现金流BKNGDVN
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.3B | $1.9B | ||
| Q4 24 | $721.0M | $1.7B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.5B | $1.5B | ||
| Q1 24 | $2.7B | $1.7B |
自由现金流BKNGDVN
| Q4 25 | $1.4B | $702.0M | ||
| Q3 25 | $1.4B | $820.0M | ||
| Q2 25 | $3.1B | $589.0M | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $645.0M | $738.0M | ||
| Q3 24 | $2.3B | $786.0M | ||
| Q2 24 | $2.4B | $587.0M | ||
| Q1 24 | $2.6B | $844.0M |
自由现金流率BKNGDVN
| Q4 25 | 22.3% | 17.8% | ||
| Q3 25 | 15.2% | 19.3% | ||
| Q2 25 | 46.1% | 14.6% | ||
| Q1 25 | 66.4% | 22.2% | ||
| Q4 24 | 11.8% | 16.4% | ||
| Q3 24 | 28.7% | 20.7% | ||
| Q2 24 | 40.6% | 15.1% | ||
| Q1 24 | 58.3% | 22.6% |
资本支出强度BKNGDVN
| Q4 25 | 1.1% | 21.1% | ||
| Q3 25 | 0.7% | 20.5% | ||
| Q2 25 | 0.9% | 23.6% | ||
| Q1 25 | 2.5% | 20.5% | ||
| Q4 24 | 1.4% | 20.6% | ||
| Q3 24 | 1.0% | 23.1% | ||
| Q2 24 | 2.5% | 24.3% | ||
| Q1 24 | 2.9% | 23.9% |
现金转化率BKNGDVN
| Q4 25 | — | 2.73× | ||
| Q3 25 | — | 2.46× | ||
| Q2 25 | — | 1.72× | ||
| Q1 25 | — | 3.93× | ||
| Q4 24 | — | 2.60× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 1.82× | ||
| Q1 24 | — | 2.92× |
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% |
DVN
| Oil Gas And NGL Sales | $2.6B | 65% |
| Marketing And Midstream Revenues | $1.4B | 35% |
