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缤客控股（BKNG）与MASTEC INC（MTZ）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MASTEC INC的1.6倍（$6.3B vs $3.9B），缤客控股同比增速更快（16.0% vs 15.8%），缤客控股自由现金流更多（$1.4B vs $292.5M），过去两年MASTEC INC的营收复合增速更高（21.1% vs 19.9%）
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。
MasTec Inc是总部位于美国佛罗里达州科勒尔盖布尔斯的基础设施工程建设企业，面向能源、公用事业及通信领域提供基础设施的设计、施工、安装、运维与升级服务，客户主要来自公用事业、通信及政府行业。
BKNG vs MTZ — 直观对比
营收规模更大
BKNG
是对方的1.6倍
$3.9B
营收增速更快
BKNG
高出0.3%
15.8%
自由现金流更多
BKNG
多$1.1B
$292.5M
两年增速更快
MTZ
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.9B |
| 净利润 | — | $142.7M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 4.4% |
| 净利率 | — | 3.6% |
| 营收同比 | 16.0% | 15.8% |
| 净利润同比 | — | 90.9% |
| 每股收益（稀释后） | $43.66 | $1.81 |
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BKNGMTZ
| Q4 25 | $6.3B | $3.9B | ||
| Q3 25 | $9.0B | $4.0B | ||
| Q2 25 | $6.8B | $3.5B | ||
| Q1 25 | $4.8B | $2.8B | ||
| Q4 24 | $5.5B | $3.4B | ||
| Q3 24 | $8.0B | $3.3B | ||
| Q2 24 | $5.9B | $3.0B | ||
| Q1 24 | $4.4B | $2.7B |
净利润BKNGMTZ
| Q4 25 | — | $142.7M | ||
| Q3 25 | — | $160.7M | ||
| Q2 25 | — | $85.8M | ||
| Q1 25 | — | $9.9M | ||
| Q4 24 | — | $74.7M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | — | $-41.2M |
营业利润率BKNGMTZ
| Q4 25 | 32.0% | 4.4% | ||
| Q3 25 | 38.7% | 5.3% | ||
| Q2 25 | 33.1% | 3.4% | ||
| Q1 25 | 22.3% | 0.3% | ||
| Q4 24 | 31.6% | 2.8% | ||
| Q3 24 | 39.8% | 4.2% | ||
| Q2 24 | 31.7% | 2.1% | ||
| Q1 24 | 17.9% | -1.7% |
净利率BKNGMTZ
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | -1.5% |
每股收益（稀释后）BKNGMTZ
| Q4 25 | $43.66 | $1.81 | ||
| Q3 25 | $84.41 | $2.04 | ||
| Q2 25 | $27.43 | $1.09 | ||
| Q1 25 | $10.07 | $0.13 | ||
| Q4 24 | $31.60 | $0.95 | ||
| Q3 24 | $74.34 | $1.21 | ||
| Q2 24 | $44.38 | $0.43 | ||
| Q1 24 | $22.37 | $-0.53 |
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 | $396.0M |
| 总债务越低越好 | $18.7B | $2.2B |
| 股东权益账面价值 | $-5.6B | $3.3B |
| 总资产 | $29.3B | $9.9B |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资BKNGMTZ
| Q4 25 | $17.2B | $396.0M | ||
| Q3 25 | $16.5B | $231.4M | ||
| Q2 25 | $17.6B | $191.1M | ||
| Q1 25 | $15.6B | $345.7M | ||
| Q4 24 | $16.2B | $399.9M | ||
| Q3 24 | $15.8B | $181.2M | ||
| Q2 24 | $16.3B | $297.6M | ||
| Q1 24 | $16.0B | $249.3M |
总债务BKNGMTZ
| Q4 25 | $18.7B | $2.2B | ||
| Q3 25 | $17.0B | $2.2B | ||
| Q2 25 | $18.5B | $2.1B | ||
| Q1 25 | $16.0B | $2.0B | ||
| Q4 24 | $16.6B | $2.0B | ||
| Q3 24 | $16.2B | $2.1B | ||
| Q2 24 | $16.8B | $2.4B | ||
| Q1 24 | $16.9B | $2.5B |
股东权益BKNGMTZ
| Q4 25 | $-5.6B | $3.3B | ||
| Q3 25 | $-4.7B | $3.1B | ||
| Q2 25 | $-6.7B | $2.9B | ||
| Q1 25 | $-6.1B | $2.9B | ||
| Q4 24 | $-4.0B | $2.9B | ||
| Q3 24 | $-3.7B | $2.8B | ||
| Q2 24 | $-4.3B | $2.7B | ||
| Q1 24 | $-4.1B | $2.7B |
总资产BKNGMTZ
| Q4 25 | $29.3B | $9.9B | ||
| Q3 25 | $28.8B | $9.7B | ||
| Q2 25 | $30.7B | $9.1B | ||
| Q1 25 | $27.2B | $8.9B | ||
| Q4 24 | $27.7B | $9.0B | ||
| Q3 24 | $28.0B | $8.8B | ||
| Q2 24 | $28.5B | $8.7B | ||
| Q1 24 | $27.7B | $8.7B |
负债/权益比BKNGMTZ
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.95× |
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 | $372.7M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $292.5M |
| 自由现金流率自由现金流/营收 | 22.3% | 7.4% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.61× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $285.7M |
8季度趋势，按日历期对齐
经营现金流BKNGMTZ
| Q4 25 | $1.5B | $372.7M | ||
| Q3 25 | $1.4B | $89.0M | ||
| Q2 25 | $3.2B | $5.6M | ||
| Q1 25 | $3.3B | $78.4M | ||
| Q4 24 | $721.0M | $471.7M | ||
| Q3 24 | $2.4B | $277.7M | ||
| Q2 24 | $2.5B | $264.4M | ||
| Q1 24 | $2.7B | $107.8M |
自由现金流BKNGMTZ
| Q4 25 | $1.4B | $292.5M | ||
| Q3 25 | $1.4B | $20.3M | ||
| Q2 25 | $3.1B | $-58.2M | ||
| Q1 25 | $3.2B | $31.1M | ||
| Q4 24 | $645.0M | $423.4M | ||
| Q3 24 | $2.3B | $234.1M | ||
| Q2 24 | $2.4B | $232.9M | ||
| Q1 24 | $2.6B | $82.3M |
自由现金流率BKNGMTZ
| Q4 25 | 22.3% | 7.4% | ||
| Q3 25 | 15.2% | 0.5% | ||
| Q2 25 | 46.1% | -1.6% | ||
| Q1 25 | 66.4% | 1.1% | ||
| Q4 24 | 11.8% | 12.4% | ||
| Q3 24 | 28.7% | 7.2% | ||
| Q2 24 | 40.6% | 7.9% | ||
| Q1 24 | 58.3% | 3.1% |
资本支出强度BKNGMTZ
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 0.7% | 1.7% | ||
| Q2 25 | 0.9% | 1.8% | ||
| Q1 25 | 2.5% | 1.7% | ||
| Q4 24 | 1.4% | 1.4% | ||
| Q3 24 | 1.0% | 1.3% | ||
| Q2 24 | 2.5% | 1.1% | ||
| Q1 24 | 2.9% | 0.9% |
现金转化率BKNGMTZ
| Q4 25 | — | 2.61× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 7.91× | ||
| Q4 24 | — | 6.31× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 7.78× | ||
| 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% |
MTZ
| Clean Energy And Infrastructure | $1.3B | 33% |
| Power Delivery | $1.1B | 28% |
| Communications | $906.7M | 23% |
| Pipeline Infrastructure | $643.8M | 16% |
