vs
缤客控股（BKNG）与WORLD KINECT CORP（WKC）财务数据对比。点击上方公司名可切换其他公司
WORLD KINECT CORP的季度营收约是缤客控股的1.5倍（$9.7B vs $6.3B），缤客控股同比增速更快（16.0% vs 2.0%），缤客控股自由现金流更多（$1.4B vs $-60.2M），过去两年缤客控股的营收复合增速更高（19.9% vs -6.0%）
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。
世界科耐特公司（原世界燃料服务公司）是一家总部位于美国佛罗里达州多拉市的能源大宗商品服务企业，在2022年财富美国500强榜单中排名第70位。公司核心业务涵盖航空、海运、建筑及陆路运输领域能源大宗商品的销售、交易与融资及相关服务，2013年起也开展天然气与电力相关业务。
BKNG vs WKC — 直观对比
营收规模更大
WKC
是对方的1.5倍
$6.3B
营收增速更快
BKNG
高出14.0%
2.0%
自由现金流更多
BKNG
多$1.5B
$-60.2M
两年增速更快
BKNG
近两年复合增速
-6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $9.7B |
| 净利润 | — | $-700.0K |
| 毛利率 | — | 2.8% |
| 营业利润率 | 32.0% | — |
| 净利率 | — | -0.0% |
| 营收同比 | 16.0% | 2.0% |
| 净利润同比 | — | -250.0% |
| 每股收益（稀释后） | $43.66 | $0.50 |
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BKNGWKC
| Q1 26 | — | $9.7B | ||
| Q4 25 | $6.3B | $9.0B | ||
| Q3 25 | $9.0B | $9.4B | ||
| Q2 25 | $6.8B | $9.0B | ||
| Q1 25 | $4.8B | $9.5B | ||
| Q4 24 | $5.5B | $9.8B | ||
| Q3 24 | $8.0B | $10.5B | ||
| Q2 24 | $5.9B | $11.0B |
净利润BKNGWKC
| Q1 26 | — | $-700.0K | ||
| Q4 25 | — | $-279.6M | ||
| Q3 25 | — | $25.7M | ||
| Q2 25 | — | $-339.4M | ||
| Q1 25 | — | $-21.1M | ||
| Q4 24 | — | $-101.8M | ||
| Q3 24 | — | $33.5M | ||
| Q2 24 | — | $108.3M |
毛利率BKNGWKC
| Q1 26 | — | 2.8% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.2% |
营业利润率BKNGWKC
| Q1 26 | — | — | ||
| Q4 25 | 32.0% | -3.1% | ||
| Q3 25 | 38.7% | 0.7% | ||
| Q2 25 | 33.1% | -3.8% | ||
| Q1 25 | 22.3% | -0.1% | ||
| Q4 24 | 31.6% | 0.3% | ||
| Q3 24 | 39.8% | 0.7% | ||
| Q2 24 | 31.7% | 0.4% |
净利率BKNGWKC
| Q1 26 | — | -0.0% | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | — | -1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.0% |
每股收益（稀释后）BKNGWKC
| Q1 26 | — | $0.50 | ||
| Q4 25 | $43.66 | $-5.02 | ||
| Q3 25 | $84.41 | $0.46 | ||
| Q2 25 | $27.43 | $-6.06 | ||
| Q1 25 | $10.07 | $-0.37 | ||
| Q4 24 | $31.60 | $-1.70 | ||
| Q3 24 | $74.34 | $0.57 | ||
| Q2 24 | $44.38 | $1.81 |
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 | $151.1M |
| 总债务越低越好 | $18.7B | $798.7M |
| 股东权益账面价值 | $-5.6B | $1.2B |
| 总资产 | $29.3B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资BKNGWKC
| Q1 26 | — | $151.1M | ||
| Q4 25 | $17.2B | $193.5M | ||
| Q3 25 | $16.5B | $473.6M | ||
| Q2 25 | $17.6B | $403.2M | ||
| Q1 25 | $15.6B | $456.4M | ||
| Q4 24 | $16.2B | $382.9M | ||
| Q3 24 | $15.8B | $373.8M | ||
| Q2 24 | $16.3B | $524.6M |
总债务BKNGWKC
| Q1 26 | — | $798.7M | ||
| Q4 25 | $18.7B | $685.2M | ||
| Q3 25 | $17.0B | $766.6M | ||
| Q2 25 | $18.5B | $775.2M | ||
| Q1 25 | $16.0B | $792.3M | ||
| Q4 24 | $16.6B | $796.8M | ||
| Q3 24 | $16.2B | $798.0M | ||
| Q2 24 | $16.8B | $797.8M |
股东权益BKNGWKC
| Q1 26 | — | $1.2B | ||
| Q4 25 | $-5.6B | $1.3B | ||
| Q3 25 | $-4.7B | $1.6B | ||
| Q2 25 | $-6.7B | $1.6B | ||
| Q1 25 | $-6.1B | $1.9B | ||
| Q4 24 | $-4.0B | $1.9B | ||
| Q3 24 | $-3.7B | $2.0B | ||
| Q2 24 | $-4.3B | $2.0B |
总资产BKNGWKC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $29.3B | $5.9B | ||
| Q3 25 | $28.8B | $6.1B | ||
| Q2 25 | $30.7B | $6.1B | ||
| Q1 25 | $27.2B | $6.6B | ||
| Q4 24 | $27.7B | $6.7B | ||
| Q3 24 | $28.0B | $7.0B | ||
| Q2 24 | $28.5B | $7.2B |
负债/权益比BKNGWKC
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | $-60.2M |
| 自由现金流率自由现金流/营收 | 22.3% | -0.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 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 | $67.9M |
8季度趋势，按日历期对齐
经营现金流BKNGWKC
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $34.2M | ||
| Q3 25 | $1.4B | $116.1M | ||
| Q2 25 | $3.2B | $28.2M | ||
| Q1 25 | $3.3B | $114.4M | ||
| Q4 24 | $721.0M | $120.3M | ||
| Q3 24 | $2.4B | $-38.5M | ||
| Q2 24 | $2.5B | $67.9M |
自由现金流BKNGWKC
| Q1 26 | — | $-60.2M | ||
| Q4 25 | $1.4B | $12.9M | ||
| Q3 25 | $1.4B | $102.0M | ||
| Q2 25 | $3.1B | $13.2M | ||
| Q1 25 | $3.2B | $99.2M | ||
| Q4 24 | $645.0M | $102.4M | ||
| Q3 24 | $2.3B | $-56.7M | ||
| Q2 24 | $2.4B | $53.3M |
自由现金流率BKNGWKC
| Q1 26 | — | -0.6% | ||
| Q4 25 | 22.3% | 0.1% | ||
| Q3 25 | 15.2% | 1.1% | ||
| Q2 25 | 46.1% | 0.1% | ||
| Q1 25 | 66.4% | 1.0% | ||
| Q4 24 | 11.8% | 1.0% | ||
| Q3 24 | 28.7% | -0.5% | ||
| Q2 24 | 40.6% | 0.5% |
资本支出强度BKNGWKC
| Q1 26 | — | 0.1% | ||
| Q4 25 | 1.1% | 0.2% | ||
| Q3 25 | 0.7% | 0.2% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 2.5% | 0.2% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.0% | 0.2% | ||
| Q2 24 | 2.5% | 0.1% |
现金转化率BKNGWKC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1.15× | ||
| Q2 24 | — | 0.63× |
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% |
WKC
| Aviation segment | $5.0B | 52% |
| Land segment | $2.9B | 30% |
| Marine segment | $1.9B | 20% |
