vs
缤客控股（BKNG）与DXP ENTERPRISES INC（DXPE）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DXP ENTERPRISES INC的12.0倍（$6.3B vs $527.4M）。缤客控股同比增速更快（16.0% vs 12.0%）。缤客控股自由现金流更多（$1.4B vs $34.5M）。过去两年缤客控股的营收复合增速更高（19.9% vs 13.1%）
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。
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
BKNG vs DXPE — 直观对比
营收规模更大
BKNG
是对方的12.0倍
$527.4M
营收增速更快
BKNG
高出4.1%
12.0%
自由现金流更多
BKNG
多$1.4B
$34.5M
两年增速更快
BKNG
近两年复合增速
13.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $527.4M |
| 净利润 | — | $22.8M |
| 毛利率 | — | 31.6% |
| 营业利润率 | 32.0% | 8.8% |
| 净利率 | — | 4.3% |
| 营收同比 | 16.0% | 12.0% |
| 净利润同比 | — | 6.9% |
| 每股收益（稀释后） | $43.66 | $1.38 |
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BKNGDXPE
| Q4 25 | $6.3B | $527.4M | ||
| Q3 25 | $9.0B | $513.7M | ||
| Q2 25 | $6.8B | $498.7M | ||
| Q1 25 | $4.8B | $476.6M | ||
| Q4 24 | $5.5B | $470.9M | ||
| Q3 24 | $8.0B | $472.9M | ||
| Q2 24 | $5.9B | $445.6M | ||
| Q1 24 | $4.4B | $412.6M |
净利润BKNGDXPE
| Q4 25 | — | $22.8M | ||
| Q3 25 | — | $21.6M | ||
| Q2 25 | — | $23.6M | ||
| Q1 25 | — | $20.6M | ||
| Q4 24 | — | $21.4M | ||
| Q3 24 | — | $21.1M | ||
| Q2 24 | — | $16.7M | ||
| Q1 24 | — | $11.3M |
毛利率BKNGDXPE
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 31.5% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 30.9% | ||
| Q1 24 | — | 30.0% |
营业利润率BKNGDXPE
| Q4 25 | 32.0% | 8.8% | ||
| Q3 25 | 38.7% | 8.5% | ||
| Q2 25 | 33.1% | 9.2% | ||
| Q1 25 | 22.3% | 8.5% | ||
| Q4 24 | 31.6% | 8.3% | ||
| Q3 24 | 39.8% | 8.4% | ||
| Q2 24 | 31.7% | 8.4% | ||
| Q1 24 | 17.9% | 7.1% |
净利率BKNGDXPE
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 2.7% |
每股收益（稀释后）BKNGDXPE
| Q4 25 | $43.66 | $1.38 | ||
| Q3 25 | $84.41 | $1.31 | ||
| Q2 25 | $27.43 | $1.43 | ||
| Q1 25 | $10.07 | $1.25 | ||
| Q4 24 | $31.60 | $1.28 | ||
| Q3 24 | $74.34 | $1.27 | ||
| Q2 24 | $44.38 | $1.00 | ||
| Q1 24 | $22.37 | $0.67 |
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 | $303.8M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $498.4M |
| 总资产 | $29.3B | $1.7B |
| 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BKNGDXPE
| Q4 25 | $17.2B | $303.8M | ||
| Q3 25 | $16.5B | $123.8M | ||
| Q2 25 | $17.6B | $112.9M | ||
| Q1 25 | $15.6B | $114.3M | ||
| Q4 24 | $16.2B | $148.3M | ||
| Q3 24 | $15.8B | $35.0M | ||
| Q2 24 | $16.3B | $49.9M | ||
| Q1 24 | $16.0B | $139.7M |
总债务BKNGDXPE
| 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BKNGDXPE
| Q4 25 | $-5.6B | $498.4M | ||
| Q3 25 | $-4.7B | $488.3M | ||
| Q2 25 | $-6.7B | $468.1M | ||
| Q1 25 | $-6.1B | $444.7M | ||
| Q4 24 | $-4.0B | $422.8M | ||
| Q3 24 | $-3.7B | $402.4M | ||
| Q2 24 | $-4.3B | $384.7M | ||
| Q1 24 | $-4.1B | $375.5M |
总资产BKNGDXPE
| Q4 25 | $29.3B | $1.7B | ||
| Q3 25 | $28.8B | $1.4B | ||
| Q2 25 | $30.7B | $1.4B | ||
| Q1 25 | $27.2B | $1.4B | ||
| Q4 24 | $27.7B | $1.3B | ||
| Q3 24 | $28.0B | $1.2B | ||
| Q2 24 | $28.5B | $1.2B | ||
| Q1 24 | $27.7B | $1.2B |
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 | $37.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $34.5M |
| 自由现金流率自由现金流/营收 | 22.3% | 6.5% |
| 资本支出强度资本支出/营收 | 1.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $54.0M |
8季度趋势，按日历期对齐
经营现金流BKNGDXPE
| Q4 25 | $1.5B | $37.8M | ||
| Q3 25 | $1.4B | $34.9M | ||
| Q2 25 | $3.2B | $18.6M | ||
| Q1 25 | $3.3B | $3.0M | ||
| Q4 24 | $721.0M | $32.1M | ||
| Q3 24 | $2.4B | $28.3M | ||
| Q2 24 | $2.5B | $14.7M | ||
| Q1 24 | $2.7B | $27.0M |
自由现金流BKNGDXPE
| Q4 25 | $1.4B | $34.5M | ||
| Q3 25 | $1.4B | $28.1M | ||
| Q2 25 | $3.1B | $8.3M | ||
| Q1 25 | $3.2B | $-16.9M | ||
| Q4 24 | $645.0M | $22.7M | ||
| Q3 24 | $2.3B | $24.4M | ||
| Q2 24 | $2.4B | $5.9M | ||
| Q1 24 | $2.6B | $24.1M |
自由现金流率BKNGDXPE
| Q4 25 | 22.3% | 6.5% | ||
| Q3 25 | 15.2% | 5.5% | ||
| Q2 25 | 46.1% | 1.7% | ||
| Q1 25 | 66.4% | -3.6% | ||
| Q4 24 | 11.8% | 4.8% | ||
| Q3 24 | 28.7% | 5.2% | ||
| Q2 24 | 40.6% | 1.3% | ||
| Q1 24 | 58.3% | 5.8% |
资本支出强度BKNGDXPE
| Q4 25 | 1.1% | 0.6% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 2.5% | 4.2% | ||
| Q4 24 | 1.4% | 2.0% | ||
| Q3 24 | 1.0% | 0.8% | ||
| Q2 24 | 2.5% | 2.0% | ||
| Q1 24 | 2.9% | 0.7% |
现金转化率BKNGDXPE
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 2.38× |
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% |
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
