vs
缤客控股（BKNG）与Ferguson Enterprises Inc.（FERG）财务数据对比。点击上方公司名可切换其他公司
Ferguson Enterprises Inc.的季度营收约是缤客控股的1.3倍（$8.2B vs $6.3B）。缤客控股同比增速更快（16.0% vs 5.1%）。缤客控股自由现金流更多（$1.4B vs $312.0M）。过去两年缤客控股的营收复合增速更高（19.9% vs 5.7%）
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。
Ferguson Enterprises Inc.总部位于美国弗吉尼亚州纽波特纽斯，注册地为特拉华州，是美国规模最大的水暖、暖通空调、家电、照明、管材管件、给排水产品分销商。公司95%营收来自美国本土，5%来自加拿大，拥有3.6万家供应商，运营11个区域配送中心、4个主配送中心及近5900个营业网点。
BKNG vs FERG — 直观对比
营收规模更大
FERG
是对方的1.3倍
$6.3B
营收增速更快
BKNG
高出10.9%
5.1%
自由现金流更多
BKNG
多$1.1B
$312.0M
两年增速更快
BKNG
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $8.2B |
| 净利润 | — | $570.0M |
| 毛利率 | — | 30.7% |
| 营业利润率 | 32.0% | 9.4% |
| 净利率 | — | 7.0% |
| 营收同比 | 16.0% | 5.1% |
| 净利润同比 | — | 21.3% |
| 每股收益（稀释后） | $43.66 | $2.90 |
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BKNGFERG
| Q4 25 | $6.3B | $8.2B | ||
| Q3 25 | $9.0B | $8.5B | ||
| Q2 25 | $6.8B | $7.6B | ||
| Q1 25 | $4.8B | $6.9B | ||
| Q4 24 | $5.5B | $7.8B | ||
| Q3 24 | $8.0B | $7.9B | ||
| Q2 24 | $5.9B | $7.3B | ||
| Q1 24 | $4.4B | — |
净利润BKNGFERG
| Q4 25 | — | $570.0M | ||
| Q3 25 | — | $700.0M | ||
| Q2 25 | — | $410.0M | ||
| Q1 25 | — | $276.0M | ||
| Q4 24 | — | $470.0M | ||
| Q3 24 | — | $451.0M | ||
| Q2 24 | — | $443.0M | ||
| Q1 24 | — | — |
毛利率BKNGFERG
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | — |
营业利润率BKNGFERG
| Q4 25 | 32.0% | 9.4% | ||
| Q3 25 | 38.7% | 10.9% | ||
| Q2 25 | 33.1% | 8.0% | ||
| Q1 25 | 22.3% | 6.0% | ||
| Q4 24 | 31.6% | 8.6% | ||
| Q3 24 | 39.8% | 10.2% | ||
| Q2 24 | 31.7% | 8.6% | ||
| Q1 24 | 17.9% | — |
净利率BKNGFERG
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | — |
每股收益（稀释后）BKNGFERG
| Q4 25 | $43.66 | $2.90 | ||
| Q3 25 | $84.41 | $3.53 | ||
| Q2 25 | $27.43 | $2.07 | ||
| Q1 25 | $10.07 | $1.38 | ||
| Q4 24 | $31.60 | $2.34 | ||
| Q3 24 | $74.34 | $2.23 | ||
| Q2 24 | $44.38 | $2.18 | ||
| 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 | $526.0M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $6.1B |
| 总资产 | $29.3B | $17.7B |
| 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BKNGFERG
| Q4 25 | $17.2B | $526.0M | ||
| Q3 25 | $16.5B | $674.0M | ||
| Q2 25 | $17.6B | $519.0M | ||
| Q1 25 | $15.6B | $764.0M | ||
| Q4 24 | $16.2B | $601.0M | ||
| Q3 24 | $15.8B | $571.0M | ||
| Q2 24 | $16.3B | — | ||
| Q1 24 | $16.0B | — |
总债务BKNGFERG
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | $4.2B | ||
| Q2 25 | $18.5B | — | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $16.2B | $4.0B | ||
| Q2 24 | $16.8B | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGFERG
| Q4 25 | $-5.6B | $6.1B | ||
| Q3 25 | $-4.7B | $5.8B | ||
| Q2 25 | $-6.7B | $5.5B | ||
| Q1 25 | $-6.1B | $5.5B | ||
| Q4 24 | $-4.0B | $5.7B | ||
| Q3 24 | $-3.7B | $5.6B | ||
| Q2 24 | $-4.3B | $5.5B | ||
| Q1 24 | $-4.1B | — |
总资产BKNGFERG
| Q4 25 | $29.3B | $17.7B | ||
| Q3 25 | $28.8B | $17.7B | ||
| Q2 25 | $30.7B | $17.3B | ||
| Q1 25 | $27.2B | $16.5B | ||
| Q4 24 | $27.7B | $16.9B | ||
| Q3 24 | $28.0B | $16.6B | ||
| Q2 24 | $28.5B | — | ||
| Q1 24 | $27.7B | — |
负债/权益比BKNGFERG
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | — | ||
| 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 | $430.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $312.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 3.8% |
| 资本支出强度资本支出/营收 | 1.1% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 0.75× |
| 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BKNGFERG
| Q4 25 | $1.5B | $430.0M | ||
| Q3 25 | $1.4B | $541.0M | ||
| Q2 25 | $3.2B | $682.0M | ||
| Q1 25 | $3.3B | $340.0M | ||
| Q4 24 | $721.0M | $345.0M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.7B | — |
自由现金流BKNGFERG
| Q4 25 | $1.4B | $312.0M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.1B | $605.0M | ||
| Q1 25 | $3.2B | $259.0M | ||
| Q4 24 | $645.0M | $268.0M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
自由现金流率BKNGFERG
| Q4 25 | 22.3% | 3.8% | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 46.1% | 7.9% | ||
| Q1 25 | 66.4% | 3.8% | ||
| Q4 24 | 11.8% | 3.4% | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 58.3% | — |
资本支出强度BKNGFERG
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.9% | — |
现金转化率BKNGFERG
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | — | ||
| 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% |
FERG
暂无分部数据
