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缤客控股（BKNG）与Waste Management（WM）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Waste Management的1.0倍（$6.3B vs $6.2B），缤客控股同比增速更快（16.0% vs 3.5%），缤客控股自由现金流更多（$1.4B vs $981.0M），过去两年缤客控股的营收复合增速更高（19.9% vs 7.4%）
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。
Waste Management是专业的废弃物管理服务提供商，业务覆盖废弃物从产生到最终处置的全流程，包含垃圾收集、运输、处理、处置等核心环节，同时涉及废弃物管理流程监督、相关法规合规、技术应用及商业机制优化等相关业务。
BKNG vs WM — 直观对比
营收规模更大
BKNG
是对方的1.0倍
$6.2B
营收增速更快
BKNG
高出12.6%
3.5%
自由现金流更多
BKNG
多$436.0M
$981.0M
两年增速更快
BKNG
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $6.2B |
| 净利润 | — | $723.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.0% | 17.9% |
| 净利率 | — | 11.6% |
| 营收同比 | 16.0% | 3.5% |
| 净利润同比 | — | 13.5% |
| 每股收益（稀释后） | $43.66 | $1.79 |
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BKNGWM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $6.3B | $6.3B | ||
| Q3 25 | $9.0B | $6.4B | ||
| Q2 25 | $6.8B | $6.4B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $5.5B | $5.9B | ||
| Q3 24 | $8.0B | $5.6B | ||
| Q2 24 | $5.9B | $5.4B |
净利润BKNGWM
| Q1 26 | — | $723.0M | ||
| Q4 25 | — | $742.0M | ||
| Q3 25 | — | $603.0M | ||
| Q2 25 | — | $726.0M | ||
| Q1 25 | — | $637.0M | ||
| Q4 24 | — | $598.0M | ||
| Q3 24 | — | $760.0M | ||
| Q2 24 | — | $680.0M |
毛利率BKNGWM
| Q1 26 | — | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.1% |
营业利润率BKNGWM
| Q1 26 | — | 17.9% | ||
| Q4 25 | 32.0% | 18.3% | ||
| Q3 25 | 38.7% | 15.3% | ||
| Q2 25 | 33.1% | 17.9% | ||
| Q1 25 | 22.3% | 16.8% | ||
| Q4 24 | 31.6% | 15.6% | ||
| Q3 24 | 39.8% | 20.0% | ||
| Q2 24 | 31.7% | 18.7% |
净利率BKNGWM
| Q1 26 | — | 11.6% | ||
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 12.6% |
每股收益（稀释后）BKNGWM
| Q1 26 | — | $1.79 | ||
| Q4 25 | $43.66 | $1.83 | ||
| Q3 25 | $84.41 | $1.49 | ||
| Q2 25 | $27.43 | $1.80 | ||
| Q1 25 | $10.07 | $1.58 | ||
| Q4 24 | $31.60 | $1.49 | ||
| Q3 24 | $74.34 | $1.88 | ||
| Q2 24 | $44.38 | $1.69 |
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 | $158.0M |
| 总债务越低越好 | $18.7B | $22.9B |
| 股东权益账面价值 | $-5.6B | $10.0B |
| 总资产 | $29.3B | $45.7B |
| 负债/权益比越低杠杆越低 | — | 2.28× |
8季度趋势，按日历期对齐
现金及短期投资BKNGWM
| Q1 26 | — | $158.0M | ||
| Q4 25 | $17.2B | $201.0M | ||
| Q3 25 | $16.5B | $175.0M | ||
| Q2 25 | $17.6B | $440.0M | ||
| Q1 25 | $15.6B | $216.0M | ||
| Q4 24 | $16.2B | $414.0M | ||
| Q3 24 | $15.8B | $614.0M | ||
| Q2 24 | $16.3B | $172.0M |
总债务BKNGWM
| Q1 26 | — | $22.9B | ||
| Q4 25 | $18.7B | $22.2B | ||
| Q3 25 | $17.0B | $22.5B | ||
| Q2 25 | $18.5B | $23.1B | ||
| Q1 25 | $16.0B | $22.9B | ||
| Q4 24 | $16.6B | $22.5B | ||
| Q3 24 | $16.2B | $16.0B | ||
| Q2 24 | $16.8B | $16.5B |
股东权益BKNGWM
| Q1 26 | — | $10.0B | ||
| Q4 25 | $-5.6B | $10.0B | ||
| Q3 25 | $-4.7B | $9.5B | ||
| Q2 25 | $-6.7B | $9.2B | ||
| Q1 25 | $-6.1B | $8.7B | ||
| Q4 24 | $-4.0B | $8.3B | ||
| Q3 24 | $-3.7B | $8.0B | ||
| Q2 24 | $-4.3B | $7.5B |
总资产BKNGWM
| Q1 26 | — | $45.7B | ||
| Q4 25 | $29.3B | $45.8B | ||
| Q3 25 | $28.8B | $45.6B | ||
| Q2 25 | $30.7B | $45.7B | ||
| Q1 25 | $27.2B | $44.5B | ||
| Q4 24 | $27.7B | $44.6B | ||
| Q3 24 | $28.0B | $34.7B | ||
| Q2 24 | $28.5B | $34.0B |
负债/权益比BKNGWM
| Q1 26 | — | 2.28× | ||
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 2.36× | ||
| Q2 25 | — | 2.51× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | 2.73× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 2.21× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $981.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 15.8% |
| 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 | — | 2.08× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $3.4B |
8季度趋势，按日历期对齐
经营现金流BKNGWM
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.3B | $1.2B | ||
| Q4 24 | $721.0M | $1.5B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.5B | $1.2B |
自由现金流BKNGWM
| Q1 26 | — | $981.0M | ||
| Q4 25 | $1.4B | $810.0M | ||
| Q3 25 | $1.4B | $816.0M | ||
| Q2 25 | $3.1B | $813.0M | ||
| Q1 25 | $3.2B | $377.0M | ||
| Q4 24 | $645.0M | $396.0M | ||
| Q3 24 | $2.3B | $577.0M | ||
| Q2 24 | $2.4B | $487.0M |
自由现金流率BKNGWM
| Q1 26 | — | 15.8% | ||
| Q4 25 | 22.3% | 12.8% | ||
| Q3 25 | 15.2% | 12.7% | ||
| Q2 25 | 46.1% | 12.6% | ||
| Q1 25 | 66.4% | 6.3% | ||
| Q4 24 | 11.8% | 6.7% | ||
| Q3 24 | 28.7% | 10.3% | ||
| Q2 24 | 40.6% | 9.0% |
资本支出强度BKNGWM
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 14.1% | ||
| Q3 25 | 0.7% | 12.0% | ||
| Q2 25 | 0.9% | 11.4% | ||
| Q1 25 | 2.5% | 13.8% | ||
| Q4 24 | 1.4% | 18.9% | ||
| Q3 24 | 1.0% | 13.9% | ||
| Q2 24 | 2.5% | 12.3% |
现金转化率BKNGWM
| Q1 26 | — | 2.08× | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 2.64× | ||
| Q2 25 | — | 2.13× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 2.53× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.70× |
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% |
WM
暂无分部数据
