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缤客控股（BKNG）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的6.6倍（$6.3B vs $965.7M）。缤客控股同比增速更快（16.0% vs 4.0%）。缤客控股自由现金流更多（$1.4B vs $7.4M）。过去两年缤客控股的营收复合增速更高（19.9% vs 0.6%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
BKNG vs MSM — 直观对比
营收规模更大
BKNG
是对方的6.6倍
$965.7M
营收增速更快
BKNG
高出12.0%
4.0%
自由现金流更多
BKNG
多$1.4B
$7.4M
两年增速更快
BKNG
近两年复合增速
0.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $965.7M |
| 净利润 | — | $51.8M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 32.0% | 7.9% |
| 净利率 | — | 5.4% |
| 营收同比 | 16.0% | 4.0% |
| 净利润同比 | — | 11.1% |
| 每股收益（稀释后） | $43.66 | $0.93 |
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BKNGMSM
| Q4 25 | $6.3B | $965.7M | ||
| Q3 25 | $9.0B | $978.2M | ||
| Q2 25 | $6.8B | $971.1M | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $5.5B | $928.5M | ||
| Q3 24 | $8.0B | — | ||
| Q2 24 | $5.9B | $979.4M | ||
| Q1 24 | $4.4B | $935.3M |
净利润BKNGMSM
| Q4 25 | — | $51.8M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $56.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $46.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $71.7M | ||
| Q1 24 | — | $61.8M |
毛利率BKNGMSM
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 41.5% |
营业利润率BKNGMSM
| Q4 25 | 32.0% | 7.9% | ||
| Q3 25 | 38.7% | 8.6% | ||
| Q2 25 | 33.1% | 8.5% | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 31.6% | 7.8% | ||
| Q3 24 | 39.8% | — | ||
| Q2 24 | 31.7% | 10.9% | ||
| Q1 24 | 17.9% | 9.7% |
净利率BKNGMSM
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 6.6% |
每股收益（稀释后）BKNGMSM
| Q4 25 | $43.66 | $0.93 | ||
| Q3 25 | $84.41 | $1.02 | ||
| Q2 25 | $27.43 | $1.02 | ||
| Q1 25 | $10.07 | — | ||
| Q4 24 | $31.60 | $0.83 | ||
| Q3 24 | $74.34 | — | ||
| Q2 24 | $44.38 | $1.27 | ||
| Q1 24 | $22.37 | $1.10 |
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 | $40.3M |
| 总债务越低越好 | $18.7B | $214.1M |
| 股东权益账面价值 | $-5.6B | $1.4B |
| 总资产 | $29.3B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资BKNGMSM
| Q4 25 | $17.2B | $40.3M | ||
| Q3 25 | $16.5B | $56.2M | ||
| Q2 25 | $17.6B | $71.7M | ||
| Q1 25 | $15.6B | — | ||
| Q4 24 | $16.2B | $57.3M | ||
| Q3 24 | $15.8B | — | ||
| Q2 24 | $16.3B | $25.9M | ||
| Q1 24 | $16.0B | $22.2M |
总债务BKNGMSM
| Q4 25 | $18.7B | $214.1M | ||
| Q3 25 | $17.0B | $168.8M | ||
| Q2 25 | $18.5B | $285.0M | ||
| Q1 25 | $16.0B | — | ||
| Q4 24 | $16.6B | $289.9M | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.8B | $299.8M | ||
| Q1 24 | $16.9B | $294.5M |
股东权益BKNGMSM
| Q4 25 | $-5.6B | $1.4B | ||
| Q3 25 | $-4.7B | $1.4B | ||
| Q2 25 | $-6.7B | $1.4B | ||
| Q1 25 | $-6.1B | — | ||
| Q4 24 | $-4.0B | $1.4B | ||
| Q3 24 | $-3.7B | — | ||
| Q2 24 | $-4.3B | $1.4B | ||
| Q1 24 | $-4.1B | $1.4B |
总资产BKNGMSM
| Q4 25 | $29.3B | $2.5B | ||
| Q3 25 | $28.8B | $2.5B | ||
| Q2 25 | $30.7B | $2.5B | ||
| Q1 25 | $27.2B | — | ||
| Q4 24 | $27.7B | $2.5B | ||
| Q3 24 | $28.0B | — | ||
| Q2 24 | $28.5B | $2.5B | ||
| Q1 24 | $27.7B | $2.5B |
负债/权益比BKNGMSM
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $7.4M |
| 自由现金流率自由现金流/营收 | 22.3% | 0.8% |
| 资本支出强度资本支出/营收 | 1.1% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 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BKNGMSM
| Q4 25 | $1.5B | $29.4M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $721.0M | $101.9M | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | $143.5M | ||
| Q1 24 | $2.7B | $78.7M |
自由现金流BKNGMSM
| Q4 25 | $1.4B | $7.4M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $645.0M | $81.7M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | $114.0M | ||
| Q1 24 | $2.6B | $53.4M |
自由现金流率BKNGMSM
| Q4 25 | 22.3% | 0.8% | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 66.4% | — | ||
| Q4 24 | 11.8% | 8.8% | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 40.6% | 11.6% | ||
| Q1 24 | 58.3% | 5.7% |
资本支出强度BKNGMSM
| Q4 25 | 1.1% | 2.3% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 2.5% | 3.0% | ||
| Q1 24 | 2.9% | 2.7% |
现金转化率BKNGMSM
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | — | 1.27× |
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% |
MSM
暂无分部数据
