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缤客控股（BKNG）与金德摩根（KMI）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金德摩根的1.3倍（$6.3B vs $4.8B），缤客控股同比增速更快（16.0% vs 13.8%），过去两年金德摩根的营收复合增速更高（22.6% 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。
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
BKNG vs KMI — 直观对比
营收规模更大
BKNG
是对方的1.3倍
$4.8B
营收增速更快
BKNG
高出2.2%
13.8%
两年增速更快
KMI
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.8B |
| 净利润 | — | $1.0B |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 29.9% |
| 净利率 | — | 20.7% |
| 营收同比 | 16.0% | 13.8% |
| 净利润同比 | — | 34.7% |
| 每股收益（稀释后） | $43.66 | $0.44 |
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BKNGKMI
| Q1 26 | — | $4.8B | ||
| Q4 25 | $6.3B | $4.0B | ||
| Q3 25 | $9.0B | $3.7B | ||
| Q2 25 | $6.8B | $3.6B | ||
| Q1 25 | $4.8B | $3.9B | ||
| Q4 24 | $5.5B | $3.6B | ||
| Q3 24 | $8.0B | $3.3B | ||
| Q2 24 | $5.9B | $3.2B |
净利润BKNGKMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $996.0M | ||
| Q3 25 | — | $628.0M | ||
| Q2 25 | — | $715.0M | ||
| Q1 25 | — | $717.0M | ||
| Q4 24 | — | $667.0M | ||
| Q3 24 | — | $625.0M | ||
| Q2 24 | — | $575.0M |
营业利润率BKNGKMI
| Q1 26 | — | 29.9% | ||
| Q4 25 | 32.0% | 34.0% | ||
| Q3 25 | 38.7% | 28.6% | ||
| Q2 25 | 33.1% | 31.9% | ||
| Q1 25 | 22.3% | 29.6% | ||
| Q4 24 | 31.6% | 31.0% | ||
| Q3 24 | 39.8% | 30.9% | ||
| Q2 24 | 31.7% | 32.3% |
净利率BKNGKMI
| Q1 26 | — | 20.7% | ||
| Q4 25 | — | 24.8% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | — | 17.9% |
每股收益（稀释后）BKNGKMI
| Q1 26 | — | $0.44 | ||
| Q4 25 | $43.66 | $0.45 | ||
| Q3 25 | $84.41 | $0.28 | ||
| Q2 25 | $27.43 | $0.32 | ||
| Q1 25 | $10.07 | $0.32 | ||
| Q4 24 | $31.60 | $0.30 | ||
| Q3 24 | $74.34 | $0.28 | ||
| Q2 24 | $44.38 | $0.26 |
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 | $72.0M |
| 总债务越低越好 | $18.7B | $31.9B |
| 股东权益账面价值 | $-5.6B | $32.6B |
| 总资产 | $29.3B | $73.1B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资BKNGKMI
| Q1 26 | — | $72.0M | ||
| Q4 25 | $17.2B | $63.0M | ||
| Q3 25 | $16.5B | $71.0M | ||
| Q2 25 | $17.6B | $82.0M | ||
| Q1 25 | $15.6B | $80.0M | ||
| Q4 24 | $16.2B | $88.0M | ||
| Q3 24 | $15.8B | $108.0M | ||
| Q2 24 | $16.3B | $98.0M |
总债务BKNGKMI
| Q1 26 | — | $31.9B | ||
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | — | ||
| Q2 25 | $18.5B | — | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.8B | — |
股东权益BKNGKMI
| Q1 26 | — | $32.6B | ||
| Q4 25 | $-5.6B | $31.2B | ||
| Q3 25 | $-4.7B | $30.7B | ||
| Q2 25 | $-6.7B | $30.8B | ||
| Q1 25 | $-6.1B | $30.6B | ||
| Q4 24 | $-4.0B | $30.5B | ||
| Q3 24 | $-3.7B | $30.4B | ||
| Q2 24 | $-4.3B | $30.3B |
总资产BKNGKMI
| Q1 26 | — | $73.1B | ||
| Q4 25 | $29.3B | $72.7B | ||
| Q3 25 | $28.8B | $72.3B | ||
| Q2 25 | $30.7B | $72.4B | ||
| Q1 25 | $27.2B | $72.3B | ||
| Q4 24 | $27.7B | $71.4B | ||
| Q3 24 | $28.0B | $70.9B | ||
| Q2 24 | $28.5B | $70.7B |
负债/权益比BKNGKMI
| Q1 26 | — | 0.98× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 22.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | 16.7% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流BKNGKMI
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.3B | $1.2B | ||
| Q4 24 | $721.0M | $1.5B | ||
| Q3 24 | $2.4B | $1.2B | ||
| Q2 24 | $2.5B | $1.7B |
自由现金流BKNGKMI
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $872.0M | ||
| Q3 25 | $1.4B | $621.0M | ||
| Q2 25 | $3.1B | $1.0B | ||
| Q1 25 | $3.2B | $396.0M | ||
| Q4 24 | $645.0M | $738.0M | ||
| Q3 24 | $2.3B | $592.0M | ||
| Q2 24 | $2.4B | $1.1B |
自由现金流率BKNGKMI
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 21.7% | ||
| Q3 25 | 15.2% | 16.7% | ||
| Q2 25 | 46.1% | 27.8% | ||
| Q1 25 | 66.4% | 10.3% | ||
| Q4 24 | 11.8% | 20.7% | ||
| Q3 24 | 28.7% | 18.0% | ||
| Q2 24 | 40.6% | 34.4% |
资本支出强度BKNGKMI
| Q1 26 | — | 16.7% | ||
| Q4 25 | 1.1% | 20.4% | ||
| Q3 25 | 0.7% | 21.3% | ||
| Q2 25 | 0.9% | 17.9% | ||
| Q1 25 | 2.5% | 19.8% | ||
| Q4 24 | 1.4% | 21.6% | ||
| Q3 24 | 1.0% | 20.0% | ||
| Q2 24 | 2.5% | 18.1% |
现金转化率BKNGKMI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.70× | ||
| Q3 25 | — | 2.25× | ||
| Q2 25 | — | 2.31× | ||
| Q1 25 | — | 1.62× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 2.93× |
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% |
KMI
暂无分部数据
