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缤客控股（BKNG）与KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的9.4倍（$6.3B vs $676.8M）。缤客控股同比增速更快（16.0% vs 0.8%）。缤客控股自由现金流更多（$1.4B vs $62.6M）。过去两年缤客控股的营收复合增速更高（19.9% vs 0.4%）
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。
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
BKNG vs KLC — 直观对比
营收规模更大
BKNG
是对方的9.4倍
$676.8M
营收增速更快
BKNG
高出15.3%
0.8%
自由现金流更多
BKNG
多$1.4B
$62.6M
两年增速更快
BKNG
近两年复合增速
0.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $676.8M |
| 净利润 | — | $4.5M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 3.9% |
| 净利率 | — | 0.7% |
| 营收同比 | 16.0% | 0.8% |
| 净利润同比 | — | -67.4% |
| 每股收益（稀释后） | $43.66 | $0.04 |
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BKNGKLC
| Q4 25 | $6.3B | — | ||
| Q3 25 | $9.0B | $676.8M | ||
| Q2 25 | $6.8B | $700.1M | ||
| Q1 25 | $4.8B | $668.2M | ||
| Q4 24 | $5.5B | $647.0M | ||
| Q3 24 | $8.0B | $671.5M | ||
| Q2 24 | $5.9B | — | ||
| Q1 24 | $4.4B | — |
净利润BKNGKLC
| Q4 25 | — | — | ||
| Q3 25 | — | $4.5M | ||
| Q2 25 | — | $38.6M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $-133.6M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率BKNGKLC
| Q4 25 | 32.0% | — | ||
| Q3 25 | 38.7% | 3.9% | ||
| Q2 25 | 33.1% | 9.8% | ||
| Q1 25 | 22.3% | 7.3% | ||
| Q4 24 | 31.6% | -13.8% | ||
| Q3 24 | 39.8% | 8.1% | ||
| Q2 24 | 31.7% | — | ||
| Q1 24 | 17.9% | — |
净利率BKNGKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
每股收益（稀释后）BKNGKLC
| Q4 25 | $43.66 | — | ||
| Q3 25 | $84.41 | $0.04 | ||
| Q2 25 | $27.43 | $0.33 | ||
| Q1 25 | $10.07 | $0.18 | ||
| Q4 24 | $31.60 | $-1.17 | ||
| Q3 24 | $74.34 | $0.15 | ||
| Q2 24 | $44.38 | — | ||
| 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 | $174.7M |
| 总债务越低越好 | $18.7B | $930.9M |
| 股东权益账面价值 | $-5.6B | $931.2M |
| 总资产 | $29.3B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 1.00× |
8季度趋势，按日历期对齐
现金及短期投资BKNGKLC
| Q4 25 | $17.2B | — | ||
| Q3 25 | $16.5B | $174.7M | ||
| Q2 25 | $17.6B | $119.0M | ||
| Q1 25 | $15.6B | $131.3M | ||
| Q4 24 | $16.2B | $62.3M | ||
| Q3 24 | $15.8B | $137.2M | ||
| Q2 24 | $16.3B | — | ||
| Q1 24 | $16.0B | — |
总债务BKNGKLC
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | $930.9M | ||
| Q2 25 | $18.5B | $926.5M | ||
| Q1 25 | $16.0B | $927.4M | ||
| Q4 24 | $16.6B | $926.0M | ||
| Q3 24 | $16.2B | $1.5B | ||
| Q2 24 | $16.8B | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGKLC
| Q4 25 | $-5.6B | — | ||
| Q3 25 | $-4.7B | $931.2M | ||
| Q2 25 | $-6.7B | $924.3M | ||
| Q1 25 | $-6.1B | $884.9M | ||
| Q4 24 | $-4.0B | $864.5M | ||
| Q3 24 | $-3.7B | $235.6M | ||
| Q2 24 | $-4.3B | — | ||
| Q1 24 | $-4.1B | — |
总资产BKNGKLC
| Q4 25 | $29.3B | — | ||
| Q3 25 | $28.8B | $3.9B | ||
| Q2 25 | $30.7B | $3.8B | ||
| Q1 25 | $27.2B | $3.7B | ||
| Q4 24 | $27.7B | $3.6B | ||
| Q3 24 | $28.0B | $3.7B | ||
| Q2 24 | $28.5B | — | ||
| Q1 24 | $27.7B | — |
负债/权益比BKNGKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 6.42× | ||
| 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 | $100.8M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $62.6M |
| 自由现金流率自由现金流/营收 | 22.3% | 9.2% |
| 资本支出强度资本支出/营收 | 1.1% | 5.6% |
| 现金转化率经营现金流/净利润 | — | 22.15× |
| 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BKNGKLC
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $100.8M | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.3B | $98.4M | ||
| Q4 24 | $721.0M | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.7B | — |
自由现金流BKNGKLC
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $62.6M | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.2B | $75.1M | ||
| Q4 24 | $645.0M | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
自由现金流率BKNGKLC
| Q4 25 | 22.3% | — | ||
| Q3 25 | 15.2% | 9.2% | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 66.4% | 11.2% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 58.3% | — |
资本支出强度BKNGKLC
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 5.6% | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 2.5% | 3.5% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.9% | — |
现金转化率BKNGKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 22.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.65× | ||
| Q4 24 | — | — | ||
| 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% |
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
