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缤客控股（BKNG）与Vera Bradley, Inc.（VRA）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Vera Bradley, Inc.的102.0倍（$6.3B vs $62.3M）。缤客控股同比增速更快（16.0% vs -22.7%）。缤客控股自由现金流更多（$1.4B vs $-4.5M）。过去两年缤客控股的营收复合增速更高（19.9% vs 16.1%）
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。
维拉·布拉德利是源自美国的箱包设计品牌，1982年由两位设计师创立，总部位于印第安纳州韦恩堡。品牌最初主打高档棉质包袋，如今产品已拓展至时尚配饰、家居用品、文具与印花礼品，多数产品以辨识度极高的花卉、佩兹利或几何印花搭配配套里料，风格鲜明。
BKNG vs VRA — 直观对比
营收规模更大
BKNG
是对方的102.0倍
$62.3M
营收增速更快
BKNG
高出38.8%
-22.7%
自由现金流更多
BKNG
多$1.4B
$-4.5M
两年增速更快
BKNG
近两年复合增速
16.1%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $62.3M |
| 净利润 | — | $-12.4M |
| 毛利率 | — | 42.1% |
| 营业利润率 | 32.0% | -19.6% |
| 净利率 | — | -19.9% |
| 营收同比 | 16.0% | -22.7% |
| 净利润同比 | — | 3.4% |
| 每股收益（稀释后） | $43.66 | $-0.44 |
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BKNGVRA
| Q4 25 | $6.3B | $62.3M | ||
| Q3 25 | $9.0B | $70.9M | ||
| Q2 25 | $6.8B | $51.7M | ||
| Q1 25 | $4.8B | $100.0M | ||
| Q4 24 | $5.5B | $70.5M | ||
| Q3 24 | $8.0B | $94.0M | ||
| Q2 24 | $5.9B | $67.9M | ||
| Q1 24 | $4.4B | $46.2M |
净利润BKNGVRA
| Q4 25 | — | $-12.4M | ||
| Q3 25 | — | $-4.7M | ||
| Q2 25 | — | $-33.5M | ||
| Q1 25 | — | $-47.0M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $-8.1M | ||
| Q1 24 | — | $-1.9M |
毛利率BKNGVRA
| Q4 25 | — | 42.1% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 44.1% | ||
| Q1 25 | — | 45.0% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | — | 49.7% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 37.2% |
营业利润率BKNGVRA
| Q4 25 | 32.0% | -19.6% | ||
| Q3 25 | 38.7% | -6.5% | ||
| Q2 25 | 33.1% | -34.6% | ||
| Q1 25 | 22.3% | -23.3% | ||
| Q4 24 | 31.6% | -11.6% | ||
| Q3 24 | 39.8% | 2.5% | ||
| Q2 24 | 31.7% | -15.6% | ||
| Q1 24 | 17.9% | -3.6% |
净利率BKNGVRA
| Q4 25 | — | -19.9% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | -64.8% | ||
| Q1 25 | — | -47.0% | ||
| Q4 24 | — | -18.2% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | -12.0% | ||
| Q1 24 | — | -4.0% |
每股收益（稀释后）BKNGVRA
| Q4 25 | $43.66 | $-0.44 | ||
| Q3 25 | $84.41 | $-0.17 | ||
| Q2 25 | $27.43 | $-1.20 | ||
| Q1 25 | $10.07 | $-1.62 | ||
| Q4 24 | $31.60 | $-0.46 | ||
| Q3 24 | $74.34 | $0.19 | ||
| Q2 24 | $44.38 | $-0.26 | ||
| Q1 24 | $22.37 | $-0.06 |
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 | $10.7M |
| 总债务越低越好 | $18.7B | $10.0M |
| 股东权益账面价值 | $-5.6B | $128.1M |
| 总资产 | $29.3B | $243.7M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资BKNGVRA
| Q4 25 | $17.2B | $10.7M | ||
| Q3 25 | $16.5B | $15.2M | ||
| Q2 25 | $17.6B | $11.3M | ||
| Q1 25 | $15.6B | $30.4M | ||
| Q4 24 | $16.2B | $13.7M | ||
| Q3 24 | $15.8B | $44.1M | ||
| Q2 24 | $16.3B | $55.2M | ||
| Q1 24 | $16.0B | $77.3M |
总债务BKNGVRA
| Q4 25 | $18.7B | $10.0M | ||
| Q3 25 | $17.0B | $10.0M | ||
| Q2 25 | $18.5B | — | ||
| Q1 25 | $16.0B | $0 | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $16.2B | — | ||
| Q2 24 | $16.8B | — | ||
| Q1 24 | $16.9B | — |
股东权益BKNGVRA
| Q4 25 | $-5.6B | $128.1M | ||
| Q3 25 | $-4.7B | $140.5M | ||
| Q2 25 | $-6.7B | $146.0M | ||
| Q1 25 | $-6.1B | $179.0M | ||
| Q4 24 | $-4.0B | $225.2M | ||
| Q3 24 | $-3.7B | $242.5M | ||
| Q2 24 | $-4.3B | $245.9M | ||
| Q1 24 | $-4.1B | $259.9M |
总资产BKNGVRA
| Q4 25 | $29.3B | $243.7M | ||
| Q3 25 | $28.8B | $266.2M | ||
| Q2 25 | $30.7B | $267.9M | ||
| Q1 25 | $27.2B | $306.7M | ||
| Q4 24 | $27.7B | $359.0M | ||
| Q3 24 | $28.0B | $379.2M | ||
| Q2 24 | $28.5B | $368.7M | ||
| Q1 24 | $27.7B | $380.8M |
负债/权益比BKNGVRA
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-4.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $-4.5M |
| 自由现金流率自由现金流/营收 | 22.3% | -7.2% |
| 资本支出强度资本支出/营收 | 1.1% | 0.7% |
| 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 | $-13.0M |
8季度趋势，按日历期对齐
经营现金流BKNGVRA
| Q4 25 | $1.5B | $-4.0M | ||
| Q3 25 | $1.4B | $-5.4M | ||
| Q2 25 | $3.2B | $-17.9M | ||
| Q1 25 | $3.3B | $21.7M | ||
| Q4 24 | $721.0M | $-22.6M | ||
| Q3 24 | $2.4B | $1.4M | ||
| Q2 24 | $2.5B | $-14.5M | ||
| Q1 24 | $2.7B | $26.9M |
自由现金流BKNGVRA
| Q4 25 | $1.4B | $-4.5M | ||
| Q3 25 | $1.4B | $-6.1M | ||
| Q2 25 | $3.1B | $-19.8M | ||
| Q1 25 | $3.2B | $17.3M | ||
| Q4 24 | $645.0M | $-25.0M | ||
| Q3 24 | $2.3B | $-1.4M | ||
| Q2 24 | $2.4B | $-15.4M | ||
| Q1 24 | $2.6B | $25.7M |
自由现金流率BKNGVRA
| Q4 25 | 22.3% | -7.2% | ||
| Q3 25 | 15.2% | -8.7% | ||
| Q2 25 | 46.1% | -38.3% | ||
| Q1 25 | 66.4% | 17.3% | ||
| Q4 24 | 11.8% | -35.5% | ||
| Q3 24 | 28.7% | -1.5% | ||
| Q2 24 | 40.6% | -22.7% | ||
| Q1 24 | 58.3% | 55.7% |
资本支出强度BKNGVRA
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.9% | 3.6% | ||
| Q1 25 | 2.5% | 4.3% | ||
| Q4 24 | 1.4% | 3.4% | ||
| Q3 24 | 1.0% | 3.0% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 2.9% | 2.6% |
现金转化率BKNGVRA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.25× | ||
| Q2 24 | — | — | ||
| 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% |
VRA
| Bags | $23.9M | 38% |
| Indirect | $12.6M | 20% |
| Transferred At Point In Time | $12.2M | 20% |
| Accessories | $7.2M | 12% |
| Home | $3.5M | 6% |
| Apparel Footwear | $1.8M | 3% |
| Other Products | $1.5M | 2% |
