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缤客控股（BKNG）与Kontoor Brands, Inc.（KTB）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Kontoor Brands, Inc.的7.4倍（$6.3B vs $853.2M）。Kontoor Brands, Inc.同比增速更快（27.3% vs 16.0%）。缤客控股自由现金流更多（$1.4B vs $55.8M）。过去两年缤客控股的营收复合增速更高（19.9% vs 14.2%）
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。
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
BKNG vs KTB — 直观对比
营收规模更大
BKNG
是对方的7.4倍
$853.2M
营收增速更快
KTB
高出11.3%
16.0%
自由现金流更多
BKNG
多$1.4B
$55.8M
两年增速更快
BKNG
近两年复合增速
14.2%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $853.2M |
| 净利润 | — | $36.9M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 32.0% | 7.5% |
| 净利率 | — | 4.3% |
| 营收同比 | 16.0% | 27.3% |
| 净利润同比 | — | -47.6% |
| 每股收益（稀释后） | $43.66 | $0.66 |
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BKNGKTB
| Q4 25 | $6.3B | — | ||
| Q3 25 | $9.0B | $853.2M | ||
| Q2 25 | $6.8B | $658.3M | ||
| Q1 25 | $4.8B | $622.9M | ||
| Q4 24 | $5.5B | $699.3M | ||
| Q3 24 | $8.0B | $670.2M | ||
| Q2 24 | $5.9B | $606.9M | ||
| Q1 24 | $4.4B | $631.2M |
净利润BKNGKTB
| Q4 25 | — | — | ||
| Q3 25 | — | $36.9M | ||
| Q2 25 | — | $73.9M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $64.0M | ||
| Q3 24 | — | $70.5M | ||
| Q2 24 | — | $51.8M | ||
| Q1 24 | — | $59.5M |
毛利率BKNGKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | — | 47.5% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.7% | ||
| Q1 24 | — | 45.2% |
营业利润率BKNGKTB
| Q4 25 | 32.0% | — | ||
| Q3 25 | 38.7% | 7.5% | ||
| Q2 25 | 33.1% | 11.9% | ||
| Q1 25 | 22.3% | 11.8% | ||
| Q4 24 | 31.6% | 12.1% | ||
| Q3 24 | 39.8% | 14.7% | ||
| Q2 24 | 31.7% | 12.4% | ||
| Q1 24 | 17.9% | 13.4% |
净利率BKNGKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 9.4% |
每股收益（稀释后）BKNGKTB
| Q4 25 | $43.66 | — | ||
| Q3 25 | $84.41 | $0.66 | ||
| Q2 25 | $27.43 | $1.32 | ||
| Q1 25 | $10.07 | $0.76 | ||
| Q4 24 | $31.60 | $1.13 | ||
| Q3 24 | $74.34 | $1.26 | ||
| Q2 24 | $44.38 | $0.92 | ||
| Q1 24 | $22.37 | $1.05 |
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 | $82.4M |
| 总债务越低越好 | $18.7B | $1.3B |
| 股东权益账面价值 | $-5.6B | $529.6M |
| 总资产 | $29.3B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资BKNGKTB
| Q4 25 | $17.2B | — | ||
| Q3 25 | $16.5B | $82.4M | ||
| Q2 25 | $17.6B | $107.5M | ||
| Q1 25 | $15.6B | $356.7M | ||
| Q4 24 | $16.2B | $334.1M | ||
| Q3 24 | $15.8B | $269.4M | ||
| Q2 24 | $16.3B | $224.3M | ||
| Q1 24 | $16.0B | $215.1M |
总债务BKNGKTB
| Q4 25 | $18.7B | — | ||
| Q3 25 | $17.0B | $1.3B | ||
| Q2 25 | $18.5B | $1.4B | ||
| Q1 25 | $16.0B | $735.6M | ||
| Q4 24 | $16.6B | $740.3M | ||
| Q3 24 | $16.2B | $745.0M | ||
| Q2 24 | $16.8B | $749.7M | ||
| Q1 24 | $16.9B | $779.2M |
股东权益BKNGKTB
| Q4 25 | $-5.6B | — | ||
| Q3 25 | $-4.7B | $529.6M | ||
| Q2 25 | $-6.7B | $498.3M | ||
| Q1 25 | $-6.1B | $426.7M | ||
| Q4 24 | $-4.0B | $400.1M | ||
| Q3 24 | $-3.7B | $356.9M | ||
| Q2 24 | $-4.3B | $367.2M | ||
| Q1 24 | $-4.1B | $387.2M |
总资产BKNGKTB
| Q4 25 | $29.3B | — | ||
| Q3 25 | $28.8B | $2.9B | ||
| Q2 25 | $30.7B | $2.7B | ||
| Q1 25 | $27.2B | $1.7B | ||
| Q4 24 | $27.7B | $1.7B | ||
| Q3 24 | $28.0B | $1.7B | ||
| Q2 24 | $28.5B | $1.6B | ||
| Q1 24 | $27.7B | $1.7B |
负债/权益比BKNGKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 1.72× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 2.09× | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | — | 2.01× |
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 | $64.1M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $55.8M |
| 自由现金流率自由现金流/营收 | 22.3% | 6.5% |
| 资本支出强度资本支出/营收 | 1.1% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $228.0M |
8季度趋势，按日历期对齐
经营现金流BKNGKTB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $64.1M | ||
| Q2 25 | $3.2B | $25.7M | ||
| Q1 25 | $3.3B | $77.6M | ||
| Q4 24 | $721.0M | $82.0M | ||
| Q3 24 | $2.4B | $133.6M | ||
| Q2 24 | $2.5B | $96.2M | ||
| Q1 24 | $2.7B | $56.5M |
自由现金流BKNGKTB
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $55.8M | ||
| Q2 25 | $3.1B | $22.4M | ||
| Q1 25 | $3.2B | $74.9M | ||
| Q4 24 | $645.0M | $75.0M | ||
| Q3 24 | $2.3B | $129.9M | ||
| Q2 24 | $2.4B | $92.6M | ||
| Q1 24 | $2.6B | $52.0M |
自由现金流率BKNGKTB
| Q4 25 | 22.3% | — | ||
| Q3 25 | 15.2% | 6.5% | ||
| Q2 25 | 46.1% | 3.4% | ||
| Q1 25 | 66.4% | 12.0% | ||
| Q4 24 | 11.8% | 10.7% | ||
| Q3 24 | 28.7% | 19.4% | ||
| Q2 24 | 40.6% | 15.3% | ||
| Q1 24 | 58.3% | 8.2% |
资本支出强度BKNGKTB
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.9% | 0.5% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 2.5% | 0.6% | ||
| Q1 24 | 2.9% | 0.7% |
现金转化率BKNGKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 0.95× |
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% |
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
