vs
缤客控股（BKNG）与艺康（ECL）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艺康的1.6倍（$6.3B vs $4.1B），缤客控股同比增速更快（16.0% vs 10.0%），过去两年缤客控股的营收复合增速更高（19.9% vs 1.0%）
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。
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
BKNG vs ECL — 直观对比
营收规模更大
BKNG
是对方的1.6倍
$4.1B
营收增速更快
BKNG
高出6.0%
10.0%
两年增速更快
BKNG
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.1B |
| 净利润 | — | $432.6M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 15.3% |
| 净利率 | — | 10.6% |
| 营收同比 | 16.0% | 10.0% |
| 净利润同比 | — | 1.3% |
| 每股收益（稀释后） | $43.66 | $1.52 |
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BKNGECL
| Q2 26 | — | $4.1B | ||
| Q4 25 | $6.3B | $4.2B | ||
| Q3 25 | $9.0B | $4.2B | ||
| Q2 25 | $6.8B | $4.0B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $5.5B | $4.0B | ||
| Q3 24 | $8.0B | $4.0B | ||
| Q2 24 | $5.9B | $4.0B |
净利润BKNGECL
| Q2 26 | — | $432.6M | ||
| Q4 25 | — | $563.9M | ||
| Q3 25 | — | $585.0M | ||
| Q2 25 | — | $524.2M | ||
| Q1 25 | — | $402.5M | ||
| Q4 24 | — | $472.9M | ||
| Q3 24 | — | $736.5M | ||
| Q2 24 | — | $490.9M |
毛利率BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | — | 44.0% | ||
| Q3 25 | — | 44.8% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 43.3% | ||
| Q3 24 | — | 43.4% | ||
| Q2 24 | — | 43.8% |
营业利润率BKNGECL
| Q2 26 | — | 15.3% | ||
| Q4 25 | 32.0% | 17.0% | ||
| Q3 25 | 38.7% | 18.3% | ||
| Q2 25 | 33.1% | 17.6% | ||
| Q1 25 | 22.3% | 15.0% | ||
| Q4 24 | 31.6% | 14.6% | ||
| Q3 24 | 39.8% | 26.1% | ||
| Q2 24 | 31.7% | 16.5% |
净利率BKNGECL
| Q2 26 | — | 10.6% | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 12.3% |
每股收益（稀释后）BKNGECL
| Q2 26 | — | $1.52 | ||
| Q4 25 | $43.66 | $1.98 | ||
| Q3 25 | $84.41 | $2.05 | ||
| Q2 25 | $27.43 | $1.84 | ||
| Q1 25 | $10.07 | $1.41 | ||
| Q4 24 | $31.60 | $1.65 | ||
| Q3 24 | $74.34 | $2.58 | ||
| Q2 24 | $44.38 | $1.71 |
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 | $519.8K |
| 总债务越低越好 | $18.7B | $8.5M |
| 股东权益账面价值 | $-5.6B | $10.0M |
| 总资产 | $29.3B | $25.0M |
| 负债/权益比越低杠杆越低 | — | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资BKNGECL
| Q2 26 | — | $519.8K | ||
| Q4 25 | $17.2B | $646.2M | ||
| Q3 25 | $16.5B | $2.0B | ||
| Q2 25 | $17.6B | $1.9B | ||
| Q1 25 | $15.6B | $1.2B | ||
| Q4 24 | $16.2B | $1.3B | ||
| Q3 24 | $15.8B | $1.3B | ||
| Q2 24 | $16.3B | $384.0M |
总债务BKNGECL
| Q2 26 | — | $8.5M | ||
| Q4 25 | $18.7B | $7.4B | ||
| Q3 25 | $17.0B | $8.1B | ||
| Q2 25 | $18.5B | $7.5B | ||
| Q1 25 | $16.0B | $7.0B | ||
| Q4 24 | $16.6B | $6.9B | ||
| Q3 24 | $16.2B | $7.0B | ||
| Q2 24 | $16.8B | $7.5B |
股东权益BKNGECL
| Q2 26 | — | $10.0M | ||
| Q4 25 | $-5.6B | $9.8B | ||
| Q3 25 | $-4.7B | $9.7B | ||
| Q2 25 | $-6.7B | $9.3B | ||
| Q1 25 | $-6.1B | $8.9B | ||
| Q4 24 | $-4.0B | $8.8B | ||
| Q3 24 | $-3.7B | $8.5B | ||
| Q2 24 | $-4.3B | $8.3B |
总资产BKNGECL
| Q2 26 | — | $25.0M | ||
| Q4 25 | $29.3B | $24.7B | ||
| Q3 25 | $28.8B | $23.9B | ||
| Q2 25 | $30.7B | $23.7B | ||
| Q1 25 | $27.2B | $22.4B | ||
| Q4 24 | $27.7B | $22.4B | ||
| Q3 24 | $28.0B | $22.1B | ||
| Q2 24 | $28.5B | $21.5B |
负债/权益比BKNGECL
| Q2 26 | — | 0.85× | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 0.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 22.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $791.3M | ||
| Q2 25 | $3.2B | $701.8M | ||
| Q1 25 | $3.3B | $369.4M | ||
| Q4 24 | $721.0M | $766.7M | ||
| Q3 24 | $2.4B | $786.7M | ||
| Q2 24 | $2.5B | $611.1M |
自由现金流BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | $1.4B | $758.0M | ||
| Q3 25 | $1.4B | $529.7M | ||
| Q2 25 | $3.1B | $485.1M | ||
| Q1 25 | $3.2B | $131.5M | ||
| Q4 24 | $645.0M | $407.0M | ||
| Q3 24 | $2.3B | $550.3M | ||
| Q2 24 | $2.4B | $414.2M |
自由现金流率BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | 22.3% | 18.1% | ||
| Q3 25 | 15.2% | 12.7% | ||
| Q2 25 | 46.1% | 12.1% | ||
| Q1 25 | 66.4% | 3.6% | ||
| Q4 24 | 11.8% | 10.2% | ||
| Q3 24 | 28.7% | 13.8% | ||
| Q2 24 | 40.6% | 10.4% |
资本支出强度BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | 1.1% | 7.9% | ||
| Q3 25 | 0.7% | 6.3% | ||
| Q2 25 | 0.9% | 5.4% | ||
| Q1 25 | 2.5% | 6.4% | ||
| Q4 24 | 1.4% | 9.0% | ||
| Q3 24 | 1.0% | 5.9% | ||
| Q2 24 | 2.5% | 4.9% |
现金转化率BKNGECL
| Q2 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 1.35× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.24× |
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% |
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
