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易贝（EBAY）与M&T Bank（MTB）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M&T Bank的1.2倍（$3.0B vs $2.5B），M&T Bank净利率更高（30.7% vs 17.8%，领先12.9%），易贝同比增速更快（15.0% vs 3.8%），过去两年易贝的营收复合增速更高（7.7% vs 4.6%）
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。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
EBAY vs MTB — 直观对比
营收规模更大
EBAY
是对方的1.2倍
$2.5B
营收增速更快
EBAY
高出11.2%
3.8%
净利率更高
MTB
高出12.9%
17.8%
两年增速更快
EBAY
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.5B |
| 净利润 | $528.0M | $759.0M |
| 毛利率 | 71.4% | — |
| 营业利润率 | 20.3% | 39.2% |
| 净利率 | 17.8% | 30.7% |
| 营收同比 | 15.0% | 3.8% |
| 净利润同比 | -22.2% | 11.5% |
| 每股收益（稀释后） | $1.14 | $4.62 |
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EBAYMTB
| Q4 25 | $3.0B | $2.5B | ||
| Q3 25 | $2.8B | $2.5B | ||
| Q2 25 | $2.7B | $2.4B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.6B | $2.3B | ||
| Q1 24 | $2.6B | $2.3B |
净利润EBAYMTB
| Q4 25 | $528.0M | $759.0M | ||
| Q3 25 | $632.0M | $792.0M | ||
| Q2 25 | $368.0M | $716.0M | ||
| Q1 25 | $503.0M | $584.0M | ||
| Q4 24 | $679.0M | $681.0M | ||
| Q3 24 | $634.0M | $721.0M | ||
| Q2 24 | $224.0M | $655.0M | ||
| Q1 24 | $438.0M | $531.0M |
毛利率EBAYMTB
| Q4 25 | 71.4% | — | ||
| Q3 25 | 70.9% | — | ||
| Q2 25 | 71.6% | — | ||
| Q1 25 | 72.0% | — | ||
| Q4 24 | 72.2% | — | ||
| Q3 24 | 71.8% | — | ||
| Q2 24 | 71.4% | — | ||
| Q1 24 | 72.6% | — |
营业利润率EBAYMTB
| Q4 25 | 20.3% | 39.2% | ||
| Q3 25 | 20.4% | 40.8% | ||
| Q2 25 | 17.7% | 39.0% | ||
| Q1 25 | 23.8% | 33.0% | ||
| Q4 24 | 21.1% | 37.0% | ||
| Q3 24 | 23.1% | 39.0% | ||
| Q2 24 | 21.3% | 37.1% | ||
| Q1 24 | 24.7% | 29.4% |
净利率EBAYMTB
| Q4 25 | 17.8% | 30.7% | ||
| Q3 25 | 22.4% | 31.5% | ||
| Q2 25 | 13.5% | 29.9% | ||
| Q1 25 | 19.5% | 25.3% | ||
| Q4 24 | 26.3% | 28.6% | ||
| Q3 24 | 24.6% | 30.9% | ||
| Q2 24 | 8.7% | 28.5% | ||
| Q1 24 | 17.1% | 23.5% |
每股收益（稀释后）EBAYMTB
| Q4 25 | $1.14 | $4.62 | ||
| Q3 25 | $1.35 | $4.82 | ||
| Q2 25 | $0.79 | $4.24 | ||
| Q1 25 | $1.06 | $3.32 | ||
| Q4 24 | $1.35 | $3.87 | ||
| Q3 24 | $1.29 | $4.02 | ||
| Q2 24 | $0.45 | $3.73 | ||
| Q1 24 | $0.85 | $3.02 |
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 | — |
| 总债务越低越好 | $6.0B | $10.9B |
| 股东权益账面价值 | $4.6B | $29.2B |
| 总资产 | $17.6B | $213.5B |
| 负债/权益比越低杠杆越低 | 1.30× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资EBAYMTB
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
总债务EBAYMTB
| Q4 25 | $6.0B | $10.9B | ||
| Q3 25 | $5.0B | $12.9B | ||
| Q2 25 | $5.0B | $12.4B | ||
| Q1 25 | $5.8B | $10.5B | ||
| Q4 24 | $5.8B | $12.6B | ||
| Q3 24 | $6.2B | $11.6B | ||
| Q2 24 | $6.2B | $11.3B | ||
| Q1 24 | $6.2B | $11.4B |
股东权益EBAYMTB
| Q4 25 | $4.6B | $29.2B | ||
| Q3 25 | $4.7B | $28.7B | ||
| Q2 25 | $4.7B | $28.5B | ||
| Q1 25 | $5.0B | $29.0B | ||
| Q4 24 | $5.2B | $29.0B | ||
| Q3 24 | $5.4B | $28.9B | ||
| Q2 24 | $5.5B | $28.4B | ||
| Q1 24 | $6.3B | $27.2B |
总资产EBAYMTB
| Q4 25 | $17.6B | $213.5B | ||
| Q3 25 | $17.8B | $211.3B | ||
| Q2 25 | $18.0B | $211.6B | ||
| Q1 25 | $19.0B | $210.3B | ||
| Q4 24 | $19.4B | $208.1B | ||
| Q3 24 | $19.9B | $211.8B | ||
| Q2 24 | $20.4B | $208.9B | ||
| Q1 24 | $21.4B | $215.1B |
负债/权益比EBAYMTB
| Q4 25 | 1.30× | 0.37× | ||
| Q3 25 | 1.06× | 0.45× | ||
| Q2 25 | 1.05× | 0.43× | ||
| Q1 25 | 1.16× | 0.36× | ||
| Q4 24 | 1.12× | 0.43× | ||
| Q3 24 | 1.14× | 0.40× | ||
| Q2 24 | 1.12× | 0.40× | ||
| Q1 24 | 0.98× | 0.42× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $478.0M | — |
| 自由现金流率自由现金流/营收 | 16.1% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 1.13× | 3.96× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流EBAYMTB
| Q4 25 | $595.0M | $3.0B | ||
| Q3 25 | $934.0M | $1.0B | ||
| Q2 25 | $-307.0M | $844.0M | ||
| Q1 25 | $787.0M | $635.0M | ||
| Q4 24 | $677.0M | $3.6B | ||
| Q3 24 | $755.0M | $-28.0M | ||
| Q2 24 | $367.0M | $1.4B | ||
| Q1 24 | $615.0M | $608.0M |
自由现金流EBAYMTB
| Q4 25 | $478.0M | — | ||
| Q3 25 | $803.0M | — | ||
| Q2 25 | $-441.0M | — | ||
| Q1 25 | $644.0M | — | ||
| Q4 24 | $560.0M | — | ||
| Q3 24 | $646.0M | — | ||
| Q2 24 | $278.0M | — | ||
| Q1 24 | $472.0M | — |
自由现金流率EBAYMTB
| Q4 25 | 16.1% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | -16.2% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 18.5% | — |
资本支出强度EBAYMTB
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 5.6% | — |
现金转化率EBAYMTB
| Q4 25 | 1.13× | 3.96× | ||
| Q3 25 | 1.48× | 1.26× | ||
| Q2 25 | -0.83× | 1.18× | ||
| Q1 25 | 1.56× | 1.09× | ||
| Q4 24 | 1.00× | 5.30× | ||
| Q3 24 | 1.19× | -0.04× | ||
| Q2 24 | 1.64× | 2.07× | ||
| Q1 24 | 1.40× | 1.15× |
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% |
MTB
暂无分部数据
