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缤客控股（BKNG）与Raymond James Financial（RJF）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Raymond James Financial的1.6倍（$6.3B vs $3.9B），缤客控股同比增速更快（16.0% vs 13.0%），过去两年缤客控股的营收复合增速更高（19.9% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
BKNG vs RJF — 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3.0%
13.0%
两年增速更快
BKNG
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.9B |
| 净利润 | — | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | — |
| 净利率 | — | 14.1% |
| 营收同比 | 16.0% | 13.0% |
| 净利润同比 | — | 10.0% |
| 每股收益（稀释后） | $43.66 | $2.83 |
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BKNGRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $6.3B | $4.2B | ||
| Q3 25 | $9.0B | $4.2B | ||
| Q2 25 | $6.8B | $3.8B | ||
| Q1 25 | $4.8B | $3.8B | ||
| Q4 24 | $5.5B | $4.0B | ||
| Q3 24 | $8.0B | $4.0B | ||
| Q2 24 | $5.9B | $3.8B |
净利润BKNGRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | — | $563.0M | ||
| Q3 25 | — | $604.0M | ||
| Q2 25 | — | $436.0M | ||
| Q1 25 | — | $495.0M | ||
| Q4 24 | — | $600.0M | ||
| Q3 24 | — | $602.0M | ||
| Q2 24 | — | $492.0M |
营业利润率BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | 32.0% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 33.1% | 14.7% | ||
| Q1 25 | 22.3% | 17.5% | ||
| Q4 24 | 31.6% | 18.6% | ||
| Q3 24 | 39.8% | — | ||
| Q2 24 | 31.7% | 17.1% |
净利率BKNGRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 13.1% |
每股收益（稀释后）BKNGRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $43.66 | $2.79 | ||
| Q3 25 | $84.41 | $2.96 | ||
| Q2 25 | $27.43 | $2.12 | ||
| Q1 25 | $10.07 | $2.36 | ||
| Q4 24 | $31.60 | $2.86 | ||
| Q3 24 | $74.34 | $2.85 | ||
| Q2 24 | $44.38 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $18.7B | — |
| 股东权益账面价值 | $-5.6B | $52.0M |
| 总资产 | $29.3B | $91.9B |
| 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BKNGRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $17.2B | $9.9B | ||
| Q3 25 | $16.5B | $11.4B | ||
| Q2 25 | $17.6B | $9.2B | ||
| Q1 25 | $15.6B | $9.7B | ||
| Q4 24 | $16.2B | $10.0B | ||
| Q3 24 | $15.8B | $11.0B | ||
| Q2 24 | $16.3B | $9.1B |
总债务BKNGRJF
| Q1 26 | — | — | ||
| 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 | — |
股东权益BKNGRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $-5.6B | $12.6B | ||
| Q3 25 | $-4.7B | $12.5B | ||
| Q2 25 | $-6.7B | $12.3B | ||
| Q1 25 | $-6.1B | $12.2B | ||
| Q4 24 | $-4.0B | $11.9B | ||
| Q3 24 | $-3.7B | $11.7B | ||
| Q2 24 | $-4.3B | $11.2B |
总资产BKNGRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $29.3B | $88.8B | ||
| Q3 25 | $28.8B | $88.2B | ||
| Q2 25 | $30.7B | $84.8B | ||
| Q1 25 | $27.2B | $83.1B | ||
| Q4 24 | $27.7B | $82.3B | ||
| Q3 24 | $28.0B | $83.0B | ||
| Q2 24 | $28.5B | $80.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 22.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-10.0M | ||
| Q3 25 | $1.4B | $796.0M | ||
| Q2 25 | $3.2B | $691.0M | ||
| Q1 25 | $3.3B | $117.0M | ||
| Q4 24 | $721.0M | $830.0M | ||
| Q3 24 | $2.4B | $510.0M | ||
| Q2 24 | $2.5B | $711.0M |
自由现金流BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-56.0M | ||
| Q3 25 | $1.4B | $752.0M | ||
| Q2 25 | $3.1B | $634.0M | ||
| Q1 25 | $3.2B | $71.0M | ||
| Q4 24 | $645.0M | $789.0M | ||
| Q3 24 | $2.3B | $460.0M | ||
| Q2 24 | $2.4B | $655.0M |
自由现金流率BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | -1.3% | ||
| Q3 25 | 15.2% | 17.9% | ||
| Q2 25 | 46.1% | 16.5% | ||
| Q1 25 | 66.4% | 1.8% | ||
| Q4 24 | 11.8% | 19.6% | ||
| Q3 24 | 28.7% | 11.5% | ||
| Q2 24 | 40.6% | 17.4% |
资本支出强度BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.1% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.9% | 1.5% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.0% | 1.2% | ||
| Q2 24 | 2.5% | 1.5% |
现金转化率BKNGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | -0.02× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
