vs
缤客控股（BKNG）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是缤客控股的1.1倍（$7.1B vs $6.3B），缤客控股同比增速更快（16.0% vs -2.9%），缤客控股自由现金流更多（$1.4B vs $77.0M），过去两年缤客控股的营收复合增速更高（19.9% vs -9.1%）
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。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
BKNG vs PBF — 直观对比
营收规模更大
PBF
是对方的1.1倍
$6.3B
营收增速更快
BKNG
高出18.9%
-2.9%
自由现金流更多
BKNG
多$1.3B
$77.0M
两年增速更快
BKNG
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $7.1B |
| 净利润 | — | $78.4M |
| 毛利率 | — | -1.8% |
| 营业利润率 | 32.0% | 1.8% |
| 净利率 | — | 1.1% |
| 营收同比 | 16.0% | -2.9% |
| 净利润同比 | — | 127.1% |
| 每股收益（稀释后） | $43.66 | $0.74 |
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BKNGPBF
| Q4 25 | $6.3B | $7.1B | ||
| Q3 25 | $9.0B | $7.7B | ||
| Q2 25 | $6.8B | $7.5B | ||
| Q1 25 | $4.8B | $7.1B | ||
| Q4 24 | $5.5B | $7.4B | ||
| Q3 24 | $8.0B | $8.4B | ||
| Q2 24 | $5.9B | $8.7B | ||
| Q1 24 | $4.4B | $8.6B |
净利润BKNGPBF
| Q4 25 | — | $78.4M | ||
| Q3 25 | — | $170.1M | ||
| Q2 25 | — | $-5.2M | ||
| Q1 25 | — | $-401.8M | ||
| Q4 24 | — | $-289.3M | ||
| Q3 24 | — | $-285.9M | ||
| Q2 24 | — | $-65.2M | ||
| Q1 24 | — | $106.6M |
毛利率BKNGPBF
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 2.5% |
营业利润率BKNGPBF
| Q4 25 | 32.0% | 1.8% | ||
| Q3 25 | 38.7% | 3.7% | ||
| Q2 25 | 33.1% | 0.6% | ||
| Q1 25 | 22.3% | -7.2% | ||
| Q4 24 | 31.6% | -5.2% | ||
| Q3 24 | 39.8% | -4.6% | ||
| Q2 24 | 31.7% | -0.9% | ||
| Q1 24 | 17.9% | 1.7% |
净利率BKNGPBF
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -0.7% | ||
| Q1 24 | — | 1.2% |
每股收益（稀释后）BKNGPBF
| Q4 25 | $43.66 | $0.74 | ||
| Q3 25 | $84.41 | $1.45 | ||
| Q2 25 | $27.43 | $-0.05 | ||
| Q1 25 | $10.07 | $-3.53 | ||
| Q4 24 | $31.60 | $-2.41 | ||
| Q3 24 | $74.34 | $-2.49 | ||
| Q2 24 | $44.38 | $-0.56 | ||
| Q1 24 | $22.37 | $0.86 |
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 | $527.9M |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $5.3B |
| 总资产 | $29.3B | $13.0B |
| 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BKNGPBF
| Q4 25 | $17.2B | $527.9M | ||
| Q3 25 | $16.5B | $482.0M | ||
| Q2 25 | $17.6B | $590.7M | ||
| Q1 25 | $15.6B | $468.6M | ||
| Q4 24 | $16.2B | $536.1M | ||
| Q3 24 | $15.8B | $976.7M | ||
| Q2 24 | $16.3B | $1.4B | ||
| Q1 24 | $16.0B | $1.4B |
总债务BKNGPBF
| 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BKNGPBF
| Q4 25 | $-5.6B | $5.3B | ||
| Q3 25 | $-4.7B | $5.2B | ||
| Q2 25 | $-6.7B | $5.1B | ||
| Q1 25 | $-6.1B | $5.1B | ||
| Q4 24 | $-4.0B | $5.5B | ||
| Q3 24 | $-3.7B | $5.9B | ||
| Q2 24 | $-4.3B | $6.3B | ||
| Q1 24 | $-4.1B | $6.5B |
总资产BKNGPBF
| Q4 25 | $29.3B | $13.0B | ||
| Q3 25 | $28.8B | $13.0B | ||
| Q2 25 | $30.7B | $13.0B | ||
| Q1 25 | $27.2B | $13.0B | ||
| Q4 24 | $27.7B | $12.7B | ||
| Q3 24 | $28.0B | $13.1B | ||
| Q2 24 | $28.5B | $14.1B | ||
| Q1 24 | $27.7B | $13.8B |
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 | $366.6M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $77.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 1.1% |
| 资本支出强度资本支出/营收 | 1.1% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 4.68× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $-783.2M |
8季度趋势，按日历期对齐
经营现金流BKNGPBF
| Q4 25 | $1.5B | $366.6M | ||
| Q3 25 | $1.4B | $25.7M | ||
| Q2 25 | $3.2B | $191.1M | ||
| Q1 25 | $3.3B | $-661.4M | ||
| Q4 24 | $721.0M | $-329.7M | ||
| Q3 24 | $2.4B | $-68.0M | ||
| Q2 24 | $2.5B | $425.3M | ||
| Q1 24 | $2.7B | $15.8M |
自由现金流BKNGPBF
| Q4 25 | $1.4B | $77.0M | ||
| Q3 25 | $1.4B | $-122.8M | ||
| Q2 25 | $3.1B | $35.0M | ||
| Q1 25 | $3.2B | $-772.4M | ||
| Q4 24 | $645.0M | $-425.7M | ||
| Q3 24 | $2.3B | $-169.8M | ||
| Q2 24 | $2.4B | $371.8M | ||
| Q1 24 | $2.6B | $-123.8M |
自由现金流率BKNGPBF
| Q4 25 | 22.3% | 1.1% | ||
| Q3 25 | 15.2% | -1.6% | ||
| Q2 25 | 46.1% | 0.5% | ||
| Q1 25 | 66.4% | -10.9% | ||
| Q4 24 | 11.8% | -5.8% | ||
| Q3 24 | 28.7% | -2.0% | ||
| Q2 24 | 40.6% | 4.3% | ||
| Q1 24 | 58.3% | -1.4% |
资本支出强度BKNGPBF
| Q4 25 | 1.1% | 4.1% | ||
| Q3 25 | 0.7% | 1.9% | ||
| Q2 25 | 0.9% | 2.1% | ||
| Q1 25 | 2.5% | 1.6% | ||
| Q4 24 | 1.4% | 1.3% | ||
| Q3 24 | 1.0% | 1.2% | ||
| Q2 24 | 2.5% | 0.6% | ||
| Q1 24 | 2.9% | 1.6% |
现金转化率BKNGPBF
| Q4 25 | — | 4.68× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
