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易贝（EBAY）与Lumen Technologies, Inc.（LUMN）财务数据对比。点击上方公司名可切换其他公司
易贝的季度营收约是Lumen Technologies, Inc.的1.1倍（$3.0B vs $2.7B），易贝净利率更高（17.8% vs -0.1%，领先17.9%），易贝同比增速更快（15.0% vs -11.0%），易贝自由现金流更多（$478.0M vs $-1.1B），过去两年易贝的营收复合增速更高（7.7% vs -5.3%）
eBay是总部位于美国加利福尼亚州圣何塞的跨国电商企业，1995年9月由皮埃尔·奥米迪亚创立。其业务覆盖全球190个市场，旗下线上平台支持拍卖及“立即购买”两种销售模式，消费者可便捷选购各类商品，平台会在卖家完成交易后收取相应佣金。
Lumen Technologies是总部位于美国路易斯安那州门罗市的电信企业，依托自有光纤、铜线网络、数据中心及云计算资源，为客户提供网络、安全、云、语音及各类托管通信服务，2023年3月起纳入标普600指数，此前曾为标普500指数成分股。
EBAY vs LUMN — 直观对比
营收规模更大
EBAY
是对方的1.1倍
$2.7B
营收增速更快
EBAY
高出25.9%
-11.0%
净利率更高
EBAY
高出17.9%
-0.1%
自由现金流更多
EBAY
多$1.6B
$-1.1B
两年增速更快
EBAY
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.7B |
| 净利润 | $528.0M | $-2.0M |
| 毛利率 | 71.4% | 40.7% |
| 营业利润率 | 20.3% | -7.3% |
| 净利率 | 17.8% | -0.1% |
| 营收同比 | 15.0% | -11.0% |
| 净利润同比 | -22.2% | -102.4% |
| 每股收益（稀释后） | $1.14 | $-0.01 |
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EBAYLUMN
| Q4 25 | $3.0B | $2.7B | ||
| Q3 25 | $2.8B | $2.8B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.9B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.6B | $3.0B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.6B | $3.1B |
净利润EBAYLUMN
| Q4 25 | $528.0M | $-2.0M | ||
| Q3 25 | $632.0M | $-621.0M | ||
| Q2 25 | $368.0M | $-915.0M | ||
| Q1 25 | $503.0M | $-201.0M | ||
| Q4 24 | $679.0M | $85.0M | ||
| Q3 24 | $634.0M | $-148.0M | ||
| Q2 24 | $224.0M | $-49.0M | ||
| Q1 24 | $438.0M | $57.0M |
毛利率EBAYLUMN
| Q4 25 | 71.4% | 40.7% | ||
| Q3 25 | 70.9% | 39.4% | ||
| Q2 25 | 71.6% | 43.4% | ||
| Q1 25 | 72.0% | 42.0% | ||
| Q4 24 | 72.2% | 44.7% | ||
| Q3 24 | 71.8% | 43.0% | ||
| Q2 24 | 71.4% | 45.2% | ||
| Q1 24 | 72.6% | 46.0% |
营业利润率EBAYLUMN
| Q4 25 | 20.3% | -7.3% | ||
| Q3 25 | 20.4% | -4.1% | ||
| Q2 25 | 17.7% | -21.0% | ||
| Q1 25 | 23.8% | 3.7% | ||
| Q4 24 | 21.1% | 5.0% | ||
| Q3 24 | 23.1% | 4.2% | ||
| Q2 24 | 21.3% | 4.5% | ||
| Q1 24 | 24.7% | 1.5% |
净利率EBAYLUMN
| Q4 25 | 17.8% | -0.1% | ||
| Q3 25 | 22.4% | -22.1% | ||
| Q2 25 | 13.5% | -31.9% | ||
| Q1 25 | 19.5% | -6.9% | ||
| Q4 24 | 26.3% | 2.8% | ||
| Q3 24 | 24.6% | -5.0% | ||
| Q2 24 | 8.7% | -1.6% | ||
| Q1 24 | 17.1% | 1.9% |
每股收益（稀释后）EBAYLUMN
| Q4 25 | $1.14 | $-0.01 | ||
| Q3 25 | $1.35 | $-0.62 | ||
| Q2 25 | $0.79 | $-0.92 | ||
| Q1 25 | $1.06 | $-0.20 | ||
| Q4 24 | $1.35 | $0.08 | ||
| Q3 24 | $1.29 | $-0.15 | ||
| Q2 24 | $0.45 | $-0.05 | ||
| Q1 24 | $0.85 | $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 | $1.9B | $1.0B |
| 总债务越低越好 | $6.0B | $17.4B |
| 股东权益账面价值 | $4.6B | $-1.1B |
| 总资产 | $17.6B | $34.3B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资EBAYLUMN
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $2.4B | $2.4B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $3.1B | $1.9B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $1.6B | $2.6B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.1B | $1.6B |
总债务EBAYLUMN
| Q4 25 | $6.0B | $17.4B | ||
| Q3 25 | $5.0B | $17.6B | ||
| Q2 25 | $5.0B | $17.6B | ||
| Q1 25 | $5.8B | $17.3B | ||
| Q4 24 | $5.8B | $17.5B | ||
| Q3 24 | $6.2B | $18.1B | ||
| Q2 24 | $6.2B | $18.4B | ||
| Q1 24 | $6.2B | $18.6B |
股东权益EBAYLUMN
| Q4 25 | $4.6B | $-1.1B | ||
| Q3 25 | $4.7B | $-1.2B | ||
| Q2 25 | $4.7B | $-595.0M | ||
| Q1 25 | $5.0B | $289.0M | ||
| Q4 24 | $5.2B | $464.0M | ||
| Q3 24 | $5.4B | $342.0M | ||
| Q2 24 | $5.5B | $466.0M | ||
| Q1 24 | $6.3B | $504.0M |
总资产EBAYLUMN
| Q4 25 | $17.6B | $34.3B | ||
| Q3 25 | $17.8B | $34.3B | ||
| Q2 25 | $18.0B | $33.0B | ||
| Q1 25 | $19.0B | $33.5B | ||
| Q4 24 | $19.4B | $33.5B | ||
| Q3 24 | $19.9B | $34.0B | ||
| Q2 24 | $20.4B | $32.9B | ||
| Q1 24 | $21.4B | $33.2B |
负债/权益比EBAYLUMN
| Q4 25 | 1.30× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.16× | 59.98× | ||
| Q4 24 | 1.12× | 37.70× | ||
| Q3 24 | 1.14× | 53.05× | ||
| Q2 24 | 1.12× | 39.51× | ||
| Q1 24 | 0.98× | 36.89× |
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 | $595.0M | $562.0M |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 16.1% | -39.4% |
| 资本支出强度资本支出/营收 | 3.9% | 59.9% |
| 现金转化率经营现金流/净利润 | 1.13× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $371.0M |
8季度趋势，按日历期对齐
经营现金流EBAYLUMN
| Q4 25 | $595.0M | $562.0M | ||
| Q3 25 | $934.0M | $2.5B | ||
| Q2 25 | $-307.0M | $570.0M | ||
| Q1 25 | $787.0M | $1.1B | ||
| Q4 24 | $677.0M | $688.0M | ||
| Q3 24 | $755.0M | $2.0B | ||
| Q2 24 | $367.0M | $511.0M | ||
| Q1 24 | $615.0M | $1.1B |
自由现金流EBAYLUMN
| Q4 25 | $478.0M | $-1.1B | ||
| Q3 25 | $803.0M | $1.5B | ||
| Q2 25 | $-441.0M | $-321.0M | ||
| Q1 25 | $644.0M | $304.0M | ||
| Q4 24 | $560.0M | $-227.0M | ||
| Q3 24 | $646.0M | $1.2B | ||
| Q2 24 | $278.0M | $-242.0M | ||
| Q1 24 | $472.0M | $389.0M |
自由现金流率EBAYLUMN
| Q4 25 | 16.1% | -39.4% | ||
| Q3 25 | 28.5% | 52.4% | ||
| Q2 25 | -16.2% | -11.2% | ||
| Q1 25 | 24.9% | 10.4% | ||
| Q4 24 | 21.7% | -7.4% | ||
| Q3 24 | 25.1% | 39.8% | ||
| Q2 24 | 10.8% | -8.0% | ||
| Q1 24 | 18.5% | 12.7% |
资本支出强度EBAYLUMN
| Q4 25 | 3.9% | 59.9% | ||
| Q3 25 | 4.6% | 37.1% | ||
| Q2 25 | 4.9% | 31.1% | ||
| Q1 25 | 5.5% | 27.2% | ||
| Q4 24 | 4.5% | 29.7% | ||
| Q3 24 | 4.2% | 28.6% | ||
| Q2 24 | 3.5% | 25.0% | ||
| Q1 24 | 5.6% | 23.3% |
现金转化率EBAYLUMN
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | -0.83× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.00× | 8.09× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 1.40× | 19.33× |
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
EBAY
| Marketplace Revenues | $2.4B | 82% |
| Advertising Revenues | $544.0M | 18% |
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
