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缤客控股（BKNG）与HF Foods Group Inc.（HFFG）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HF Foods Group Inc.的20.6倍（$6.3B vs $308.0M）。缤客控股同比增速更快（16.0% vs 0.9%）。缤客控股自由现金流更多（$1.4B vs $12.1M）。过去两年缤客控股的营收复合增速更高（19.9% vs 2.1%）
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。
HF Sinclair Corporation是一家总部位于美国得克萨斯州达拉斯的美国能源企业，主要生产并销售汽油、柴油、航空燃油、可再生柴油、特种润滑油产品、特种化学品，以及特种改性沥青等多种能源与化工产品。
BKNG vs HFFG — 直观对比
营收规模更大
BKNG
是对方的20.6倍
$308.0M
营收增速更快
BKNG
高出15.2%
0.9%
自由现金流更多
BKNG
多$1.4B
$12.1M
两年增速更快
BKNG
近两年复合增速
2.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $308.0M |
| 净利润 | — | $-37.3M |
| 毛利率 | — | 16.6% |
| 营业利润率 | 32.0% | -12.8% |
| 净利率 | — | -12.1% |
| 营收同比 | 16.0% | 0.9% |
| 净利润同比 | — | 15.0% |
| 每股收益（稀释后） | $43.66 | $-0.70 |
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BKNGHFFG
| Q4 25 | $6.3B | $308.0M | ||
| Q3 25 | $9.0B | $307.0M | ||
| Q2 25 | $6.8B | $314.9M | ||
| Q1 25 | $4.8B | $298.4M | ||
| Q4 24 | $5.5B | $305.3M | ||
| Q3 24 | $8.0B | $298.4M | ||
| Q2 24 | $5.9B | $302.3M | ||
| Q1 24 | $4.4B | $295.7M |
净利润BKNGHFFG
| Q4 25 | — | $-37.3M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-1.6M | ||
| Q4 24 | — | $-43.9M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $17.0K | ||
| Q1 24 | — | $-694.0K |
毛利率BKNGHFFG
| Q4 25 | — | 16.6% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 17.1% |
营业利润率BKNGHFFG
| Q4 25 | 32.0% | -12.8% | ||
| Q3 25 | 38.7% | 0.4% | ||
| Q2 25 | 33.1% | 1.3% | ||
| Q1 25 | 22.3% | 0.4% | ||
| Q4 24 | 31.6% | -13.8% | ||
| Q3 24 | 39.8% | 0.2% | ||
| Q2 24 | 31.7% | 0.9% | ||
| Q1 24 | 17.9% | -0.0% |
净利率BKNGHFFG
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | -14.4% | ||
| Q3 24 | — | -1.3% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | -0.2% |
每股收益（稀释后）BKNGHFFG
| Q4 25 | $43.66 | $-0.70 | ||
| Q3 25 | $84.41 | $-0.02 | ||
| Q2 25 | $27.43 | $0.02 | ||
| Q1 25 | $10.07 | $-0.03 | ||
| Q4 24 | $31.60 | $-0.84 | ||
| Q3 24 | $74.34 | $-0.07 | ||
| Q2 24 | $44.38 | $0.00 | ||
| Q1 24 | $22.37 | $-0.01 |
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 | — |
| 总债务越低越好 | $18.7B | $106.1M |
| 股东权益账面价值 | $-5.6B | $202.1M |
| 总资产 | $29.3B | $541.5M |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资BKNGHFFG
| Q4 25 | $17.2B | — | ||
| Q3 25 | $16.5B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $15.6B | — | ||
| Q4 24 | $16.2B | — | ||
| Q3 24 | $15.8B | — | ||
| Q2 24 | $16.3B | — | ||
| Q1 24 | $16.0B | — |
总债务BKNGHFFG
| Q4 25 | $18.7B | $106.1M | ||
| Q3 25 | $17.0B | $107.3M | ||
| Q2 25 | $18.5B | $106.0M | ||
| Q1 25 | $16.0B | $107.4M | ||
| Q4 24 | $16.6B | $108.7M | ||
| Q3 24 | $16.2B | $110.1M | ||
| Q2 24 | $16.8B | $111.4M | ||
| Q1 24 | $16.9B | $112.8M |
股东权益BKNGHFFG
| Q4 25 | $-5.6B | $202.1M | ||
| Q3 25 | $-4.7B | $239.2M | ||
| Q2 25 | $-6.7B | $239.7M | ||
| Q1 25 | $-6.1B | $238.0M | ||
| Q4 24 | $-4.0B | $239.3M | ||
| Q3 24 | $-3.7B | $283.1M | ||
| Q2 24 | $-4.3B | $286.3M | ||
| Q1 24 | $-4.1B | $286.7M |
总资产BKNGHFFG
| Q4 25 | $29.3B | $541.5M | ||
| Q3 25 | $28.8B | $595.1M | ||
| Q2 25 | $30.7B | $593.5M | ||
| Q1 25 | $27.2B | $581.9M | ||
| Q4 24 | $27.7B | $550.0M | ||
| Q3 24 | $28.0B | $612.8M | ||
| Q2 24 | $28.5B | $616.9M | ||
| Q1 24 | $27.7B | $603.1M |
负债/权益比BKNGHFFG
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.39× |
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 | $21.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $12.1M |
| 自由现金流率自由现金流/营收 | 22.3% | 3.9% |
| 资本支出强度资本支出/营收 | 1.1% | 2.9% |
| 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 | $6.6M |
8季度趋势，按日历期对齐
经营现金流BKNGHFFG
| Q4 25 | $1.5B | $21.0M | ||
| Q3 25 | $1.4B | $-6.0M | ||
| Q2 25 | $3.2B | $3.5M | ||
| Q1 25 | $3.3B | $6.9M | ||
| Q4 24 | $721.0M | $18.4M | ||
| Q3 24 | $2.4B | $2.3M | ||
| Q2 24 | $2.5B | $-9.3M | ||
| Q1 24 | $2.7B | $11.2M |
自由现金流BKNGHFFG
| Q4 25 | $1.4B | $12.1M | ||
| Q3 25 | $1.4B | $-9.3M | ||
| Q2 25 | $3.1B | $363.0K | ||
| Q1 25 | $3.2B | $3.4M | ||
| Q4 24 | $645.0M | $15.3M | ||
| Q3 24 | $2.3B | $-820.0K | ||
| Q2 24 | $2.4B | $-13.0M | ||
| Q1 24 | $2.6B | $8.6M |
自由现金流率BKNGHFFG
| Q4 25 | 22.3% | 3.9% | ||
| Q3 25 | 15.2% | -3.0% | ||
| Q2 25 | 46.1% | 0.1% | ||
| Q1 25 | 66.4% | 1.1% | ||
| Q4 24 | 11.8% | 5.0% | ||
| Q3 24 | 28.7% | -0.3% | ||
| Q2 24 | 40.6% | -4.3% | ||
| Q1 24 | 58.3% | 2.9% |
资本支出强度BKNGHFFG
| Q4 25 | 1.1% | 2.9% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.0% | 1.0% | ||
| Q2 24 | 2.5% | 1.2% | ||
| Q1 24 | 2.9% | 0.9% |
现金转化率BKNGHFFG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.89× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -546.06× | ||
| 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% |
HFFG
| Seafood | $110.2M | 36% |
| Meat And Poultry | $62.7M | 20% |
| Asian Specialty | $55.3M | 18% |
| Commodity Product | $35.1M | 11% |
| Fresh Produce | $29.9M | 10% |
| Packaging And Other | $14.7M | 5% |
