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缤客控股（BKNG）与切尼尔能源（LNG）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切尼尔能源的1.2倍（$6.3B vs $5.4B），切尼尔能源同比增速更快（20.3% vs 16.0%），缤客控股自由现金流更多（$1.4B vs $1.3B），过去两年缤客控股的营收复合增速更高（19.9% vs 14.3%）
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。
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
BKNG vs LNG — 直观对比
营收规模更大
BKNG
是对方的1.2倍
$5.4B
营收增速更快
LNG
高出4.2%
16.0%
自由现金流更多
BKNG
多$106.0M
$1.3B
两年增速更快
BKNG
近两年复合增速
14.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $5.4B |
| 净利润 | — | $2.3B |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 70.8% |
| 净利率 | — | 42.8% |
| 营收同比 | 16.0% | 20.3% |
| 净利润同比 | — | 135.6% |
| 每股收益（稀释后） | $43.66 | $10.51 |
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BKNGLNG
| Q4 25 | $6.3B | $5.4B | ||
| Q3 25 | $9.0B | $4.3B | ||
| Q2 25 | $6.8B | $4.5B | ||
| Q1 25 | $4.8B | $5.3B | ||
| Q4 24 | $5.5B | $4.5B | ||
| Q3 24 | $8.0B | $3.7B | ||
| Q2 24 | $5.9B | $3.1B | ||
| Q1 24 | $4.4B | $4.1B |
净利润BKNGLNG
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $353.0M | ||
| Q4 24 | — | $977.0M | ||
| Q3 24 | — | $893.0M | ||
| Q2 24 | — | $880.0M | ||
| Q1 24 | — | $502.0M |
营业利润率BKNGLNG
| Q4 25 | 32.0% | 70.8% | ||
| Q3 25 | 38.7% | 42.3% | ||
| Q2 25 | 33.1% | 56.1% | ||
| Q1 25 | 22.3% | 18.2% | ||
| Q4 24 | 31.6% | 38.9% | ||
| Q3 24 | 39.8% | 44.7% | ||
| Q2 24 | 31.7% | 50.5% | ||
| Q1 24 | 17.9% | 28.0% |
净利率BKNGLNG
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 36.1% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 24.2% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 12.2% |
每股收益（稀释后）BKNGLNG
| Q4 25 | $43.66 | $10.51 | ||
| Q3 25 | $84.41 | $4.75 | ||
| Q2 25 | $27.43 | $7.30 | ||
| Q1 25 | $10.07 | $1.57 | ||
| Q4 24 | $31.60 | $4.30 | ||
| Q3 24 | $74.34 | $3.93 | ||
| Q2 24 | $44.38 | $3.84 | ||
| Q1 24 | $22.37 | $2.13 |
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 | $1.1B |
| 总债务越低越好 | $18.7B | $22.5B |
| 股东权益账面价值 | $-5.6B | $7.9B |
| 总资产 | $29.3B | $47.9B |
| 负债/权益比越低杠杆越低 | — | 2.84× |
8季度趋势，按日历期对齐
现金及短期投资BKNGLNG
| Q4 25 | $17.2B | $1.1B | ||
| Q3 25 | $16.5B | $1.1B | ||
| Q2 25 | $17.6B | $1.6B | ||
| Q1 25 | $15.6B | $2.5B | ||
| Q4 24 | $16.2B | $2.6B | ||
| Q3 24 | $15.8B | $2.7B | ||
| Q2 24 | $16.3B | $2.4B | ||
| Q1 24 | $16.0B | $4.4B |
总债务BKNGLNG
| Q4 25 | $18.7B | $22.5B | ||
| Q3 25 | $17.0B | $22.0B | ||
| Q2 25 | $18.5B | $22.0B | ||
| Q1 25 | $16.0B | $22.5B | ||
| Q4 24 | $16.6B | $22.6B | ||
| Q3 24 | $16.2B | $22.5B | ||
| Q2 24 | $16.8B | $22.6B | ||
| Q1 24 | $16.9B | $21.4B |
股东权益BKNGLNG
| Q4 25 | $-5.6B | $7.9B | ||
| Q3 25 | $-4.7B | $6.7B | ||
| Q2 25 | $-6.7B | $6.7B | ||
| Q1 25 | $-6.1B | $5.6B | ||
| Q4 24 | $-4.0B | $5.7B | ||
| Q3 24 | $-3.7B | $5.1B | ||
| Q2 24 | $-4.3B | $4.5B | ||
| Q1 24 | $-4.1B | $4.3B |
总资产BKNGLNG
| Q4 25 | $29.3B | $47.9B | ||
| Q3 25 | $28.8B | $45.1B | ||
| Q2 25 | $30.7B | $44.6B | ||
| Q1 25 | $27.2B | $43.5B | ||
| Q4 24 | $27.7B | $43.9B | ||
| Q3 24 | $28.0B | $43.1B | ||
| Q2 24 | $28.5B | $42.3B | ||
| Q1 24 | $27.7B | $42.9B |
负债/权益比BKNGLNG
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 3.25× | ||
| Q2 25 | — | 3.28× | ||
| Q1 25 | — | 4.03× | ||
| Q4 24 | — | 3.96× | ||
| Q3 24 | — | 4.42× | ||
| Q2 24 | — | 5.06× | ||
| Q1 24 | — | 5.04× |
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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $1.3B |
| 自由现金流率自由现金流/营收 | 22.3% | 24.4% |
| 资本支出强度资本支出/营收 | 1.1% | 13.8% |
| 现金转化率经营现金流/净利润 | — | 0.89× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $2.5B |
8季度趋势，按日历期对齐
经营现金流BKNGLNG
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $3.2B | $831.0M | ||
| Q1 25 | $3.3B | $1.2B | ||
| Q4 24 | $721.0M | $1.6B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.7B | $1.2B |
自由现金流BKNGLNG
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $738.0M | ||
| Q2 25 | $3.1B | $-193.0M | ||
| Q1 25 | $3.2B | $605.0M | ||
| Q4 24 | $645.0M | $1.1B | ||
| Q3 24 | $2.3B | $875.0M | ||
| Q2 24 | $2.4B | $613.0M | ||
| Q1 24 | $2.6B | $596.0M |
自由现金流率BKNGLNG
| Q4 25 | 22.3% | 24.4% | ||
| Q3 25 | 15.2% | 17.2% | ||
| Q2 25 | 46.1% | -4.3% | ||
| Q1 25 | 66.4% | 11.4% | ||
| Q4 24 | 11.8% | 24.0% | ||
| Q3 24 | 28.7% | 23.8% | ||
| Q2 24 | 40.6% | 19.5% | ||
| Q1 24 | 58.3% | 14.5% |
资本支出强度BKNGLNG
| Q4 25 | 1.1% | 13.8% | ||
| Q3 25 | 0.7% | 16.0% | ||
| Q2 25 | 0.9% | 22.7% | ||
| Q1 25 | 2.5% | 11.8% | ||
| Q4 24 | 1.4% | 12.7% | ||
| Q3 24 | 1.0% | 14.0% | ||
| Q2 24 | 2.5% | 16.0% | ||
| Q1 24 | 2.9% | 15.8% |
现金转化率BKNGLNG
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 3.48× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 2.48× |
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% |
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
