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缤客控股（BKNG）与摩凡陀集团（MOV）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摩凡陀集团的34.1倍（$6.3B vs $186.1M）。缤客控股同比增速更快（16.0% vs 1.9%）。缤客控股自由现金流更多（$1.4B vs $11.6M）。过去两年缤客控股的营收复合增速更高（19.9% vs 2.9%）
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。
摩凡陀集团是源自瑞士的美国奢侈钟表品牌，创始于1881年，品牌名取自世界语，原意为“律动”。摩凡陀腕表以12点钟位置标志性的金属圆点设计与极简风格著称，其中博物馆腕表更是品牌最广为人知的经典代表作。
BKNG vs MOV — 直观对比
营收规模更大
BKNG
是对方的34.1倍
$186.1M
营收增速更快
BKNG
高出14.2%
1.9%
自由现金流更多
BKNG
多$1.4B
$11.6M
两年增速更快
BKNG
近两年复合增速
2.9%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $186.1M |
| 净利润 | — | $9.6M |
| 毛利率 | — | 54.3% |
| 营业利润率 | 32.0% | 6.3% |
| 净利率 | — | 5.1% |
| 营收同比 | 16.0% | 1.9% |
| 净利润同比 | — | 89.8% |
| 每股收益（稀释后） | $43.66 | $0.42 |
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BKNGMOV
| Q4 25 | $6.3B | $186.1M | ||
| Q3 25 | $9.0B | $161.8M | ||
| Q2 25 | $6.8B | $131.8M | ||
| Q1 25 | $4.8B | $181.5M | ||
| Q4 24 | $5.5B | $180.5M | ||
| Q3 24 | $8.0B | $157.0M | ||
| Q2 24 | $5.9B | $134.4M | ||
| Q1 24 | $4.4B | $175.8M |
净利润BKNGMOV
| Q4 25 | — | $9.6M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $3.5M | ||
| Q2 24 | — | $2.0M | ||
| Q1 24 | — | $9.8M |
毛利率BKNGMOV
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 53.5% |
营业利润率BKNGMOV
| Q4 25 | 32.0% | 6.3% | ||
| Q3 25 | 38.7% | 2.5% | ||
| Q2 25 | 33.1% | 0.2% | ||
| Q1 25 | 22.3% | 5.1% | ||
| Q4 24 | 31.6% | 3.3% | ||
| Q3 24 | 39.8% | 1.7% | ||
| Q2 24 | 31.7% | 1.6% | ||
| Q1 24 | 17.9% | 6.1% |
净利率BKNGMOV
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 5.6% |
每股收益（稀释后）BKNGMOV
| Q4 25 | $43.66 | $0.42 | ||
| Q3 25 | $84.41 | $0.13 | ||
| Q2 25 | $27.43 | $0.06 | ||
| Q1 25 | $10.07 | $0.36 | ||
| Q4 24 | $31.60 | $0.21 | ||
| Q3 24 | $74.34 | $0.15 | ||
| Q2 24 | $44.38 | $0.09 | ||
| Q1 24 | $22.37 | $0.44 |
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 | $183.9M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $497.5M |
| 总资产 | $29.3B | $751.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BKNGMOV
| Q4 25 | $17.2B | $183.9M | ||
| Q3 25 | $16.5B | $180.5M | ||
| Q2 25 | $17.6B | $203.1M | ||
| Q1 25 | $15.6B | $208.5M | ||
| Q4 24 | $16.2B | $181.5M | ||
| Q3 24 | $15.8B | $198.3M | ||
| Q2 24 | $16.3B | $225.4M | ||
| Q1 24 | $16.0B | $262.1M |
总债务BKNGMOV
| 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 | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGMOV
| Q4 25 | $-5.6B | $497.5M | ||
| Q3 25 | $-4.7B | $489.9M | ||
| Q2 25 | $-6.7B | $493.2M | ||
| Q1 25 | $-6.1B | $481.3M | ||
| Q4 24 | $-4.0B | $491.3M | ||
| Q3 24 | $-3.7B | $492.0M | ||
| Q2 24 | $-4.3B | $489.6M | ||
| Q1 24 | $-4.1B | $505.9M |
总资产BKNGMOV
| Q4 25 | $29.3B | $751.9M | ||
| Q3 25 | $28.8B | $748.7M | ||
| Q2 25 | $30.7B | $747.2M | ||
| Q1 25 | $27.2B | $729.2M | ||
| Q4 24 | $27.7B | $747.2M | ||
| Q3 24 | $28.0B | $742.5M | ||
| Q2 24 | $28.5B | $736.0M | ||
| Q1 24 | $27.7B | $756.5M |
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 | $12.3M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $11.6M |
| 自由现金流率自由现金流/营收 | 22.3% | 6.2% |
| 资本支出强度资本支出/营收 | 1.1% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.28× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $35.3M |
8季度趋势，按日历期对齐
经营现金流BKNGMOV
| Q4 25 | $1.5B | $12.3M | ||
| Q3 25 | $1.4B | $-3.8M | ||
| Q2 25 | $3.2B | $-7.2M | ||
| Q1 25 | $3.3B | $39.1M | ||
| Q4 24 | $721.0M | $-4.7M | ||
| Q3 24 | $2.4B | $-17.8M | ||
| Q2 24 | $2.5B | $-18.1M | ||
| Q1 24 | $2.7B | $69.4M |
自由现金流BKNGMOV
| Q4 25 | $1.4B | $11.6M | ||
| Q3 25 | $1.4B | $-5.1M | ||
| Q2 25 | $3.1B | $-8.7M | ||
| Q1 25 | $3.2B | $37.5M | ||
| Q4 24 | $645.0M | $-7.2M | ||
| Q3 24 | $2.3B | $-20.1M | ||
| Q2 24 | $2.4B | $-19.7M | ||
| Q1 24 | $2.6B | $67.8M |
自由现金流率BKNGMOV
| Q4 25 | 22.3% | 6.2% | ||
| Q3 25 | 15.2% | -3.1% | ||
| Q2 25 | 46.1% | -6.6% | ||
| Q1 25 | 66.4% | 20.7% | ||
| Q4 24 | 11.8% | -4.0% | ||
| Q3 24 | 28.7% | -12.8% | ||
| Q2 24 | 40.6% | -14.7% | ||
| Q1 24 | 58.3% | 38.6% |
资本支出强度BKNGMOV
| Q4 25 | 1.1% | 0.4% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.9% | 1.2% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 1.4% | 1.4% | ||
| Q3 24 | 1.0% | 1.5% | ||
| Q2 24 | 2.5% | 1.2% | ||
| Q1 24 | 2.9% | 0.9% |
现金转化率BKNGMOV
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | — | -5.08× | ||
| Q1 25 | — | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | — | -8.97× | ||
| Q1 24 | — | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
