vs
缤客控股（BKNG）与ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的26.2倍（$6.3B vs $242.1M）。缤客控股同比增速更快（16.0% vs 11.5%）。缤客控股自由现金流更多（$1.4B vs $14.9M）。过去两年缤客控股的营收复合增速更高（19.9% vs 7.1%）
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。
BKNG vs OSW — 直观对比
营收规模更大
BKNG
是对方的26.2倍
$242.1M
营收增速更快
BKNG
高出4.6%
11.5%
自由现金流更多
BKNG
多$1.4B
$14.9M
两年增速更快
BKNG
近两年复合增速
7.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $242.1M |
| 净利润 | — | $12.1M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 6.8% |
| 净利率 | — | 5.0% |
| 营收同比 | 16.0% | 11.5% |
| 净利润同比 | — | -16.2% |
| 每股收益（稀释后） | $43.66 | $0.12 |
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BKNGOSW
| Q4 25 | $6.3B | $242.1M | ||
| Q3 25 | $9.0B | $258.5M | ||
| Q2 25 | $6.8B | $240.7M | ||
| Q1 25 | $4.8B | $219.6M | ||
| Q4 24 | $5.5B | $217.2M | ||
| Q3 24 | $8.0B | $241.7M | ||
| Q2 24 | $5.9B | $224.9M | ||
| Q1 24 | $4.4B | $211.2M |
净利润BKNGOSW
| Q4 25 | — | $12.1M | ||
| Q3 25 | — | $24.3M | ||
| Q2 25 | — | $19.9M | ||
| Q1 25 | — | $15.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | — | $21.6M | ||
| Q2 24 | — | $15.8M | ||
| Q1 24 | — | $21.2M |
营业利润率BKNGOSW
| Q4 25 | 32.0% | 6.8% | ||
| Q3 25 | 38.7% | 10.2% | ||
| Q2 25 | 33.1% | 9.2% | ||
| Q1 25 | 22.3% | 7.7% | ||
| Q4 24 | 31.6% | 7.9% | ||
| Q3 24 | 39.8% | 10.3% | ||
| Q2 24 | 31.7% | 8.4% | ||
| Q1 24 | 17.9% | 8.0% |
净利率BKNGOSW
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 10.0% |
每股收益（稀释后）BKNGOSW
| Q4 25 | $43.66 | $0.12 | ||
| Q3 25 | $84.41 | $0.23 | ||
| Q2 25 | $27.43 | $0.19 | ||
| Q1 25 | $10.07 | $0.15 | ||
| Q4 24 | $31.60 | $0.13 | ||
| Q3 24 | $74.34 | $0.20 | ||
| Q2 24 | $44.38 | $0.15 | ||
| Q1 24 | $22.37 | $0.21 |
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 | $16.3M |
| 总债务越低越好 | $18.7B | $84.0M |
| 股东权益账面价值 | $-5.6B | $542.6M |
| 总资产 | $29.3B | $707.1M |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资BKNGOSW
| Q4 25 | $17.2B | $16.3M | ||
| Q3 25 | $16.5B | $29.6M | ||
| Q2 25 | $17.6B | $35.0M | ||
| Q1 25 | $15.6B | $22.6M | ||
| Q4 24 | $16.2B | $57.4M | ||
| Q3 24 | $15.8B | $48.8M | ||
| Q2 24 | $16.3B | $62.5M | ||
| Q1 24 | $16.0B | $65.4M |
总债务BKNGOSW
| Q4 25 | $18.7B | $84.0M | ||
| Q3 25 | $17.0B | $85.2M | ||
| Q2 25 | $18.5B | $96.2M | ||
| Q1 25 | $16.0B | $97.4M | ||
| Q4 24 | $16.6B | $98.6M | ||
| Q3 24 | $16.2B | $98.7M | ||
| Q2 24 | $16.8B | $123.8M | ||
| Q1 24 | $16.9B | $138.6M |
股东权益BKNGOSW
| Q4 25 | $-5.6B | $542.6M | ||
| Q3 25 | $-4.7B | $552.8M | ||
| Q2 25 | $-6.7B | $548.3M | ||
| Q1 25 | $-6.1B | $530.6M | ||
| Q4 24 | $-4.0B | $554.5M | ||
| Q3 24 | $-3.7B | $540.1M | ||
| Q2 24 | $-4.3B | $532.7M | ||
| Q1 24 | $-4.1B | $515.5M |
总资产BKNGOSW
| Q4 25 | $29.3B | $707.1M | ||
| Q3 25 | $28.8B | $732.6M | ||
| Q2 25 | $30.7B | $731.8M | ||
| Q1 25 | $27.2B | $708.7M | ||
| Q4 24 | $27.7B | $746.4M | ||
| Q3 24 | $28.0B | $734.0M | ||
| Q2 24 | $28.5B | $756.8M | ||
| Q1 24 | $27.7B | $763.6M |
负债/权益比BKNGOSW
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $14.9M |
| 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% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $68.4M |
8季度趋势，按日历期对齐
经营现金流BKNGOSW
| Q4 25 | $1.5B | $20.0M | ||
| Q3 25 | $1.4B | $33.2M | ||
| Q2 25 | $3.2B | $20.3M | ||
| Q1 25 | $3.3B | $10.1M | ||
| Q4 24 | $721.0M | $16.6M | ||
| Q3 24 | $2.4B | $28.6M | ||
| Q2 24 | $2.5B | $18.7M | ||
| Q1 24 | $2.7B | $15.0M |
自由现金流BKNGOSW
| Q4 25 | $1.4B | $14.9M | ||
| Q3 25 | $1.4B | $27.6M | ||
| Q2 25 | $3.1B | $17.6M | ||
| Q1 25 | $3.2B | $8.4M | ||
| Q4 24 | $645.0M | $13.2M | ||
| Q3 24 | $2.3B | $27.5M | ||
| Q2 24 | $2.4B | $17.6M | ||
| Q1 24 | $2.6B | $13.7M |
自由现金流率BKNGOSW
| Q4 25 | 22.3% | 6.2% | ||
| Q3 25 | 15.2% | 10.7% | ||
| Q2 25 | 46.1% | 7.3% | ||
| Q1 25 | 66.4% | 3.8% | ||
| Q4 24 | 11.8% | 6.1% | ||
| Q3 24 | 28.7% | 11.4% | ||
| Q2 24 | 40.6% | 7.8% | ||
| Q1 24 | 58.3% | 6.5% |
资本支出强度BKNGOSW
| Q4 25 | 1.1% | 2.1% | ||
| Q3 25 | 0.7% | 2.2% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 2.5% | 0.5% | ||
| Q1 24 | 2.9% | 0.6% |
现金转化率BKNGOSW
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
