vs
缤客控股（BKNG）与化石集团（FOSL）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化石集团的23.5倍（$6.3B vs $270.2M）。缤客控股同比增速更快（16.0% vs -21.1%）。缤客控股自由现金流更多（$1.4B vs $-22.5M）。过去两年缤客控股的营收复合增速更高（19.9% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
BKNG vs FOSL — 直观对比
营收规模更大
BKNG
是对方的23.5倍
$270.2M
营收增速更快
BKNG
高出37.1%
-21.1%
自由现金流更多
BKNG
多$1.4B
$-22.5M
两年增速更快
BKNG
近两年复合增速
-11.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $270.2M |
| 净利润 | — | $-40.0M |
| 毛利率 | — | 49.0% |
| 营业利润率 | 32.0% | -8.0% |
| 净利率 | — | -14.8% |
| 营收同比 | 16.0% | -21.1% |
| 净利润同比 | — | -257.8% |
| 每股收益（稀释后） | $43.66 | $-0.76 |
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BKNGFOSL
| Q4 25 | $6.3B | $270.2M | ||
| Q3 25 | $9.0B | $220.4M | ||
| Q2 25 | $6.8B | $233.3M | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $5.5B | $342.3M | ||
| Q3 24 | $8.0B | $287.8M | ||
| Q2 24 | $5.9B | $260.0M | ||
| Q1 24 | $4.4B | $254.9M |
净利润BKNGFOSL
| Q4 25 | — | $-40.0M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-17.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-11.2M | ||
| Q3 24 | — | $-31.9M | ||
| Q2 24 | — | $-38.8M | ||
| Q1 24 | — | $-24.3M |
毛利率BKNGFOSL
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 61.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.9% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 52.6% | ||
| Q1 24 | — | 52.4% |
营业利润率BKNGFOSL
| Q4 25 | 32.0% | -8.0% | ||
| Q3 25 | 38.7% | 3.9% | ||
| Q2 25 | 33.1% | -2.9% | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 31.6% | -4.8% | ||
| Q3 24 | 39.8% | -8.5% | ||
| Q2 24 | 31.7% | -13.1% | ||
| Q1 24 | 17.9% | -11.5% |
净利率BKNGFOSL
| Q4 25 | — | -14.8% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | -11.1% | ||
| Q2 24 | — | -14.9% | ||
| Q1 24 | — | -9.5% |
每股收益（稀释后）BKNGFOSL
| Q4 25 | $43.66 | $-0.76 | ||
| Q3 25 | $84.41 | $-0.04 | ||
| Q2 25 | $27.43 | $-0.33 | ||
| Q1 25 | $10.07 | — | ||
| Q4 24 | $31.60 | $-0.15 | ||
| Q3 24 | $74.34 | $-0.60 | ||
| Q2 24 | $44.38 | $-0.73 | ||
| Q1 24 | $22.37 | $-0.46 |
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 | $79.2M |
| 总债务越低越好 | $18.7B | $169.1M |
| 股东权益账面价值 | $-5.6B | $112.6M |
| 总资产 | $29.3B | $701.0M |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资BKNGFOSL
| Q4 25 | $17.2B | $79.2M | ||
| Q3 25 | $16.5B | $109.9M | ||
| Q2 25 | $17.6B | $78.3M | ||
| Q1 25 | $15.6B | — | ||
| Q4 24 | $16.2B | $123.6M | ||
| Q3 24 | $15.8B | $106.3M | ||
| Q2 24 | $16.3B | $104.9M | ||
| Q1 24 | $16.0B | $112.9M |
总债务BKNGFOSL
| Q4 25 | $18.7B | $169.1M | ||
| Q3 25 | $17.0B | $165.6M | ||
| Q2 25 | $18.5B | $167.2M | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | $162.7M | ||
| Q3 24 | $16.2B | $173.4M | ||
| Q2 24 | $16.8B | $156.5M | ||
| Q1 24 | $16.9B | $202.9M |
股东权益BKNGFOSL
| Q4 25 | $-5.6B | $112.6M | ||
| Q3 25 | $-4.7B | $150.3M | ||
| Q2 25 | $-6.7B | $140.6M | ||
| Q1 25 | $-6.1B | — | ||
| Q4 24 | $-4.0B | $148.7M | ||
| Q3 24 | $-3.7B | $164.4M | ||
| Q2 24 | $-4.3B | $189.6M | ||
| Q1 24 | $-4.1B | $229.1M |
总资产BKNGFOSL
| Q4 25 | $29.3B | $701.0M | ||
| Q3 25 | $28.8B | $704.5M | ||
| Q2 25 | $30.7B | $686.0M | ||
| Q1 25 | $27.2B | — | ||
| Q4 24 | $27.7B | $763.6M | ||
| Q3 24 | $28.0B | $812.4M | ||
| Q2 24 | $28.5B | $785.7M | ||
| Q1 24 | $27.7B | $891.0M |
负债/权益比BKNGFOSL
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $-22.5M |
| 自由现金流率自由现金流/营收 | 22.3% | -8.3% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 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 | $-46.0M |
8季度趋势，按日历期对齐
经营现金流BKNGFOSL
| Q4 25 | $1.5B | $-22.2M | ||
| Q3 25 | $1.4B | $9.4M | ||
| Q2 25 | $3.2B | $-60.4M | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $721.0M | $30.5M | ||
| Q3 24 | $2.4B | $-22.8M | ||
| Q2 24 | $2.5B | $38.4M | ||
| Q1 24 | $2.7B | $622.0K |
自由现金流BKNGFOSL
| Q4 25 | $1.4B | $-22.5M | ||
| Q3 25 | $1.4B | $8.6M | ||
| Q2 25 | $3.1B | $-60.6M | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $645.0M | $28.5M | ||
| Q3 24 | $2.3B | $-24.1M | ||
| Q2 24 | $2.4B | $36.6M | ||
| Q1 24 | $2.6B | $-1.1M |
自由现金流率BKNGFOSL
| Q4 25 | 22.3% | -8.3% | ||
| Q3 25 | 15.2% | 3.9% | ||
| Q2 25 | 46.1% | -26.0% | ||
| Q1 25 | 66.4% | — | ||
| Q4 24 | 11.8% | 8.3% | ||
| Q3 24 | 28.7% | -8.4% | ||
| Q2 24 | 40.6% | 14.1% | ||
| Q1 24 | 58.3% | -0.4% |
资本支出强度BKNGFOSL
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.9% | 0.1% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.4% | 0.6% | ||
| Q3 24 | 1.0% | 0.4% | ||
| Q2 24 | 2.5% | 0.7% | ||
| Q1 24 | 2.9% | 0.7% |
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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
