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缤客控股（BKNG）与Lyft, Inc.（LYFT）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Lyft, Inc.的4.2倍（$6.3B vs $1.5B），缤客控股同比增速更快（16.0% vs 3.6%），过去两年缤客控股的营收复合增速更高（19.9% vs 11.3%）
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。
Lyft是美国仅次于优步的第二大网约车企业，在美国、加拿大提供网约车、电动滑板车及共享单车服务，还通过Free Now应用覆盖欧洲市场，目前拥有2500万活跃乘客，日均完成900万次出行订单。
BKNG vs LYFT — 直观对比
营收规模更大
BKNG
是对方的4.2倍
$1.5B
营收增速更快
BKNG
高出12.5%
3.6%
两年增速更快
BKNG
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $1.5B |
| 净利润 | — | $2.8B |
| 毛利率 | — | 35.1% |
| 营业利润率 | 32.0% | -12.4% |
| 净利率 | — | 183.9% |
| 营收同比 | 16.0% | 3.6% |
| 净利润同比 | — | 4363.0% |
| 每股收益（稀释后） | $43.66 | $6.59 |
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BKNGLYFT
| Q4 25 | $6.3B | $1.5B | ||
| Q3 25 | $9.0B | $1.5B | ||
| Q2 25 | $6.8B | $1.5B | ||
| Q1 25 | $4.8B | $1.4B | ||
| Q4 24 | $5.5B | $1.4B | ||
| Q3 24 | $8.0B | $1.4B | ||
| Q2 24 | $5.9B | $1.3B | ||
| Q1 24 | $4.4B | $1.2B |
净利润BKNGLYFT
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $40.3M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | — | $61.7M | ||
| Q3 24 | — | $-12.4M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $-31.5M |
毛利率BKNGLYFT
| Q4 25 | — | 35.1% | ||
| Q3 25 | — | 40.0% | ||
| Q2 25 | — | 36.7% | ||
| Q1 25 | — | 37.2% | ||
| Q4 24 | — | 39.5% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 37.6% |
营业利润率BKNGLYFT
| Q4 25 | 32.0% | -12.4% | ||
| Q3 25 | 38.7% | 1.5% | ||
| Q2 25 | 33.1% | 0.2% | ||
| Q1 25 | 22.3% | -2.1% | ||
| Q4 24 | 31.6% | 1.9% | ||
| Q3 24 | 39.8% | -4.1% | ||
| Q2 24 | 31.7% | -2.1% | ||
| Q1 24 | 17.9% | -5.2% |
净利率BKNGLYFT
| Q4 25 | — | 183.9% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -2.6% |
每股收益（稀释后）BKNGLYFT
| Q4 25 | $43.66 | $6.59 | ||
| Q3 25 | $84.41 | $0.11 | ||
| Q2 25 | $27.43 | $0.10 | ||
| Q1 25 | $10.07 | $0.01 | ||
| Q4 24 | $31.60 | $0.16 | ||
| Q3 24 | $74.34 | $-0.03 | ||
| Q2 24 | $44.38 | $0.01 | ||
| Q1 24 | $22.37 | $-0.08 |
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 | $1.8B |
| 总债务越低越好 | $18.7B | $1.1B |
| 股东权益账面价值 | $-5.6B | $3.3B |
| 总资产 | $29.3B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资BKNGLYFT
| Q4 25 | $17.2B | $1.8B | ||
| Q3 25 | $16.5B | $2.0B | ||
| Q2 25 | $17.6B | $1.8B | ||
| Q1 25 | $15.6B | $2.2B | ||
| Q4 24 | $16.2B | $2.0B | ||
| Q3 24 | $15.8B | $1.9B | ||
| Q2 24 | $16.3B | $1.8B | ||
| Q1 24 | $16.0B | $1.7B |
总债务BKNGLYFT
| Q4 25 | $18.7B | $1.1B | ||
| Q3 25 | $17.0B | $1.1B | ||
| Q2 25 | $18.5B | $573.2M | ||
| Q1 25 | $16.0B | $979.9M | ||
| Q4 24 | $16.6B | $995.0M | ||
| Q3 24 | $16.2B | $1.0B | ||
| Q2 24 | $16.8B | $1.0B | ||
| Q1 24 | $16.9B | $971.5M |
股东权益BKNGLYFT
| Q4 25 | $-5.6B | $3.3B | ||
| Q3 25 | $-4.7B | $573.0M | ||
| Q2 25 | $-6.7B | $732.7M | ||
| Q1 25 | $-6.1B | $838.1M | ||
| Q4 24 | $-4.0B | $767.0M | ||
| Q3 24 | $-3.7B | $655.8M | ||
| Q2 24 | $-4.3B | $577.6M | ||
| Q1 24 | $-4.1B | $491.3M |
总资产BKNGLYFT
| Q4 25 | $29.3B | $9.0B | ||
| Q3 25 | $28.8B | $5.9B | ||
| Q2 25 | $30.7B | $5.4B | ||
| Q1 25 | $27.2B | $5.7B | ||
| Q4 24 | $27.7B | $5.4B | ||
| Q3 24 | $28.0B | $5.3B | ||
| Q2 24 | $28.5B | $5.0B | ||
| Q1 24 | $27.7B | $4.8B |
负债/权益比BKNGLYFT
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 1.85× | ||
| Q2 25 | — | 0.78× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | — | 1.98× |
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 | $246.2M |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | 0.09× |
| 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BKNGLYFT
| Q4 25 | $1.5B | $246.2M | ||
| Q3 25 | $1.4B | $291.3M | ||
| Q2 25 | $3.2B | $343.7M | ||
| Q1 25 | $3.3B | $287.2M | ||
| Q4 24 | $721.0M | $153.4M | ||
| Q3 24 | $2.4B | $264.0M | ||
| Q2 24 | $2.5B | $276.2M | ||
| Q1 24 | $2.7B | $156.2M |
自由现金流BKNGLYFT
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $645.0M | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
自由现金流率BKNGLYFT
| Q4 25 | 22.3% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 66.4% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 58.3% | — |
资本支出强度BKNGLYFT
| Q4 25 | 1.1% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.9% | — |
现金转化率BKNGLYFT
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 6.32× | ||
| Q2 25 | — | 8.53× | ||
| Q1 25 | — | 111.89× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 55.09× | ||
| 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% |
LYFT
暂无分部数据
