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缤客控股（BKNG）与汉美驰（HBB）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汉美驰的29.8倍（$6.3B vs $212.9M）。缤客控股同比增速更快（16.0% vs -0.3%）。缤客控股自由现金流更多（$1.4B vs $27.9M）。过去两年汉美驰的营收复合增速更高（28.8% vs 19.9%）
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。
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
BKNG vs HBB — 直观对比
营收规模更大
BKNG
是对方的29.8倍
$212.9M
营收增速更快
BKNG
高出16.3%
-0.3%
自由现金流更多
BKNG
多$1.4B
$27.9M
两年增速更快
HBB
近两年复合增速
19.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $212.9M |
| 净利润 | — | $18.5M |
| 毛利率 | — | 28.3% |
| 营业利润率 | 32.0% | 11.9% |
| 净利率 | — | 8.7% |
| 营收同比 | 16.0% | -0.3% |
| 净利润同比 | — | -22.7% |
| 每股收益（稀释后） | $43.66 | $1.37 |
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BKNGHBB
| Q4 25 | $6.3B | $212.9M | ||
| Q3 25 | $9.0B | $132.8M | ||
| Q2 25 | $6.8B | $127.8M | ||
| Q1 25 | $4.8B | $133.4M | ||
| Q4 24 | $5.5B | $213.5M | ||
| Q3 24 | $8.0B | $156.7M | ||
| Q2 24 | $5.9B | $156.2M | ||
| Q1 24 | $4.4B | $128.3M |
净利润BKNGHBB
| Q4 25 | — | $18.5M | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $1.8M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $-1.2M |
毛利率BKNGHBB
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 27.5% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 25.9% | ||
| Q1 24 | — | 23.4% |
营业利润率BKNGHBB
| Q4 25 | 32.0% | 11.9% | ||
| Q3 25 | 38.7% | 2.2% | ||
| Q2 25 | 33.1% | 4.7% | ||
| Q1 25 | 22.3% | 1.7% | ||
| Q4 24 | 31.6% | 11.0% | ||
| Q3 24 | 39.8% | 6.8% | ||
| Q2 24 | 31.7% | 6.4% | ||
| Q1 24 | 17.9% | -0.7% |
净利率BKNGHBB
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -0.9% |
每股收益（稀释后）BKNGHBB
| Q4 25 | $43.66 | $1.37 | ||
| Q3 25 | $84.41 | $0.12 | ||
| Q2 25 | $27.43 | $0.33 | ||
| Q1 25 | $10.07 | $0.13 | ||
| Q4 24 | $31.60 | $1.72 | ||
| Q3 24 | $74.34 | $0.14 | ||
| Q2 24 | $44.38 | $0.42 | ||
| Q1 24 | $22.37 | $-0.08 |
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 | $47.3M |
| 总债务越低越好 | $18.7B | $50.0M |
| 股东权益账面价值 | $-5.6B | $182.8M |
| 总资产 | $29.3B | $397.6M |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资BKNGHBB
| Q4 25 | $17.2B | $47.3M | ||
| Q3 25 | $16.5B | $17.2M | ||
| Q2 25 | $17.6B | $11.3M | ||
| Q1 25 | $15.6B | $48.3M | ||
| Q4 24 | $16.2B | $45.6M | ||
| Q3 24 | $15.8B | $22.6M | ||
| Q2 24 | $16.3B | $37.2M | ||
| Q1 24 | $16.0B | $26.3M |
总债务BKNGHBB
| Q4 25 | $18.7B | $50.0M | ||
| Q3 25 | $17.0B | — | ||
| Q2 25 | $18.5B | — | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | $50.0M | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.8B | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGHBB
| Q4 25 | $-5.6B | $182.8M | ||
| Q3 25 | $-4.7B | $164.0M | ||
| Q2 25 | $-6.7B | $164.0M | ||
| Q1 25 | $-6.1B | $163.2M | ||
| Q4 24 | $-4.0B | $165.9M | ||
| Q3 24 | $-3.7B | $150.0M | ||
| Q2 24 | $-4.3B | $145.7M | ||
| Q1 24 | $-4.1B | $145.4M |
总资产BKNGHBB
| Q4 25 | $29.3B | $397.6M | ||
| Q3 25 | $28.8B | $392.4M | ||
| Q2 25 | $30.7B | $363.8M | ||
| Q1 25 | $27.2B | $418.0M | ||
| Q4 24 | $27.7B | $415.1M | ||
| Q3 24 | $28.0B | $408.7M | ||
| Q2 24 | $28.5B | $369.9M | ||
| Q1 24 | $27.7B | $368.9M |
负债/权益比BKNGHBB
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| 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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $27.9M |
| 自由现金流率自由现金流/营收 | 22.3% | 13.1% |
| 资本支出强度资本支出/营收 | 1.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.53× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $11.0M |
8季度趋势，按日历期对齐
经营现金流BKNGHBB
| Q4 25 | $1.5B | $28.5M | ||
| Q3 25 | $1.4B | $9.1M | ||
| Q2 25 | $3.2B | $-30.4M | ||
| Q1 25 | $3.3B | $6.6M | ||
| Q4 24 | $721.0M | $30.2M | ||
| Q3 24 | $2.4B | $-1.9M | ||
| Q2 24 | $2.5B | $17.4M | ||
| Q1 24 | $2.7B | $19.7M |
自由现金流BKNGHBB
| Q4 25 | $1.4B | $27.9M | ||
| Q3 25 | $1.4B | $8.4M | ||
| Q2 25 | $3.1B | $-31.3M | ||
| Q1 25 | $3.2B | $6.1M | ||
| Q4 24 | $645.0M | $29.4M | ||
| Q3 24 | $2.3B | $-2.7M | ||
| Q2 24 | $2.4B | $16.8M | ||
| Q1 24 | $2.6B | $18.8M |
自由现金流率BKNGHBB
| Q4 25 | 22.3% | 13.1% | ||
| Q3 25 | 15.2% | 6.3% | ||
| Q2 25 | 46.1% | -24.5% | ||
| Q1 25 | 66.4% | 4.6% | ||
| Q4 24 | 11.8% | 13.8% | ||
| Q3 24 | 28.7% | -1.7% | ||
| Q2 24 | 40.6% | 10.7% | ||
| Q1 24 | 58.3% | 14.6% |
资本支出强度BKNGHBB
| Q4 25 | 1.1% | 0.3% | ||
| Q3 25 | 0.7% | 0.6% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 1.4% | 0.4% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 2.5% | 0.4% | ||
| Q1 24 | 2.9% | 0.7% |
现金转化率BKNGHBB
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 5.52× | ||
| Q2 25 | — | -6.83× | ||
| Q1 25 | — | 3.67× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | -0.98× | ||
| Q2 24 | — | 2.90× | ||
| 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% |
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
