vs
易贝（EBAY）与SIRIUS XM HOLDINGS INC.（SIRI）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SIRIUS XM HOLDINGS INC.的1.4倍（$3.0B vs $2.2B），易贝净利率更高（17.8% vs 4.5%，领先13.3%），易贝同比增速更快（15.0% vs 0.2%），SIRIUS XM HOLDINGS INC.自由现金流更多（$536.0M vs $478.0M），过去两年易贝的营收复合增速更高（7.7% vs 0.7%）
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。
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
EBAY vs SIRI — 直观对比
营收规模更大
EBAY
是对方的1.4倍
$2.2B
营收增速更快
EBAY
高出14.7%
0.2%
净利率更高
EBAY
高出13.3%
4.5%
自由现金流更多
SIRI
多$58.0M
$478.0M
两年增速更快
EBAY
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $2.2B |
| 净利润 | $528.0M | $99.0M |
| 毛利率 | 71.4% | 53.1% |
| 营业利润率 | 20.3% | 10.3% |
| 净利率 | 17.8% | 4.5% |
| 营收同比 | 15.0% | 0.2% |
| 净利润同比 | -22.2% | -55.4% |
| 每股收益（稀释后） | $1.14 | $0.23 |
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EBAYSIRI
| Q4 25 | $3.0B | $2.2B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.6B | $2.2B |
净利润EBAYSIRI
| Q4 25 | $528.0M | $99.0M | ||
| Q3 25 | $632.0M | $297.0M | ||
| Q2 25 | $368.0M | $205.0M | ||
| Q1 25 | $503.0M | $204.0M | ||
| Q4 24 | $679.0M | $222.0M | ||
| Q3 24 | $634.0M | $-2.5B | ||
| Q2 24 | $224.0M | $304.0M | ||
| Q1 24 | $438.0M | $265.0M |
毛利率EBAYSIRI
| Q4 25 | 71.4% | 53.1% | ||
| Q3 25 | 70.9% | 52.2% | ||
| Q2 25 | 71.6% | 52.4% | ||
| Q1 25 | 72.0% | 52.0% | ||
| Q4 24 | 72.2% | 52.9% | ||
| Q3 24 | 71.8% | 53.2% | ||
| Q2 24 | 71.4% | 53.5% | ||
| Q1 24 | 72.6% | 52.5% |
营业利润率EBAYSIRI
| Q4 25 | 20.3% | 10.3% | ||
| Q3 25 | 20.4% | 22.8% | ||
| Q2 25 | 17.7% | 17.1% | ||
| Q1 25 | 23.8% | 18.7% | ||
| Q4 24 | 21.1% | 20.2% | ||
| Q3 24 | 23.1% | -133.6% | ||
| Q2 24 | 21.3% | 23.2% | ||
| Q1 24 | 24.7% | 20.2% |
净利率EBAYSIRI
| Q4 25 | 17.8% | 4.5% | ||
| Q3 25 | 22.4% | 13.8% | ||
| Q2 25 | 13.5% | 9.6% | ||
| Q1 25 | 19.5% | 9.9% | ||
| Q4 24 | 26.3% | 10.1% | ||
| Q3 24 | 24.6% | -113.1% | ||
| Q2 24 | 8.7% | 14.0% | ||
| Q1 24 | 17.1% | 12.3% |
每股收益（稀释后）EBAYSIRI
| Q4 25 | $1.14 | $0.23 | ||
| Q3 25 | $1.35 | $0.84 | ||
| Q2 25 | $0.79 | $0.57 | ||
| Q1 25 | $1.06 | $0.59 | ||
| Q4 24 | $1.35 | $2.45 | ||
| Q3 24 | $1.29 | $-8.74 | ||
| Q2 24 | $0.45 | $0.08 | ||
| Q1 24 | $0.85 | $0.07 |
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 | $94.0M |
| 总债务越低越好 | $6.0B | $8.6B |
| 股东权益账面价值 | $4.6B | $11.6B |
| 总资产 | $17.6B | $27.2B |
| 负债/权益比越低杠杆越低 | 1.30× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资EBAYSIRI
| Q4 25 | $1.9B | $94.0M | ||
| Q3 25 | $2.4B | $79.0M | ||
| Q2 25 | $2.1B | $92.0M | ||
| Q1 25 | $3.1B | $127.0M | ||
| Q4 24 | $2.4B | $162.0M | ||
| Q3 24 | $1.6B | $127.0M | ||
| Q2 24 | $2.0B | $100.0M | ||
| Q1 24 | $2.1B | $71.0M |
总债务EBAYSIRI
| Q4 25 | $6.0B | $8.6B | ||
| Q3 25 | $5.0B | $9.0B | ||
| Q2 25 | $5.0B | $10.1B | ||
| Q1 25 | $5.8B | $10.4B | ||
| Q4 24 | $5.8B | $10.3B | ||
| Q3 24 | $6.2B | $10.1B | ||
| Q2 24 | $6.2B | $9.0B | ||
| Q1 24 | $6.2B | $8.7B |
股东权益EBAYSIRI
| Q4 25 | $4.6B | $11.6B | ||
| Q3 25 | $4.7B | $11.6B | ||
| Q2 25 | $4.7B | $11.3B | ||
| Q1 25 | $5.0B | $11.2B | ||
| Q4 24 | $5.2B | $11.1B | ||
| Q3 24 | $5.4B | $10.9B | ||
| Q2 24 | $5.5B | $-2.1B | ||
| Q1 24 | $6.3B | $-2.4B |
总资产EBAYSIRI
| Q4 25 | $17.6B | $27.2B | ||
| Q3 25 | $17.8B | $27.4B | ||
| Q2 25 | $18.0B | $27.3B | ||
| Q1 25 | $19.0B | $27.4B | ||
| Q4 24 | $19.4B | $27.5B | ||
| Q3 24 | $19.9B | $27.5B | ||
| Q2 24 | $20.4B | $11.2B | ||
| Q1 24 | $21.4B | $11.2B |
负债/权益比EBAYSIRI
| Q4 25 | 1.30× | 0.75× | ||
| Q3 25 | 1.06× | 0.78× | ||
| Q2 25 | 1.05× | 0.89× | ||
| Q1 25 | 1.16× | 0.93× | ||
| Q4 24 | 1.12× | 0.93× | ||
| Q3 24 | 1.14× | 0.93× | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.98× | — |
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 | $680.0M |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $536.0M |
| 自由现金流率自由现金流/营收 | 16.1% | 24.4% |
| 资本支出强度资本支出/营收 | 3.9% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.13× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $1.2B |
8季度趋势，按日历期对齐
经营现金流EBAYSIRI
| Q4 25 | $595.0M | $680.0M | ||
| Q3 25 | $934.0M | $430.0M | ||
| Q2 25 | $-307.0M | $546.0M | ||
| Q1 25 | $787.0M | $242.0M | ||
| Q4 24 | $677.0M | $679.0M | ||
| Q3 24 | $755.0M | $240.0M | ||
| Q2 24 | $367.0M | $514.0M | ||
| Q1 24 | $615.0M | $308.0M |
自由现金流EBAYSIRI
| Q4 25 | $478.0M | $536.0M | ||
| Q3 25 | $803.0M | $255.0M | ||
| Q2 25 | $-441.0M | $401.0M | ||
| Q1 25 | $644.0M | $53.0M | ||
| Q4 24 | $560.0M | $514.0M | ||
| Q3 24 | $646.0M | $24.0M | ||
| Q2 24 | $278.0M | $341.0M | ||
| Q1 24 | $472.0M | $134.0M |
自由现金流率EBAYSIRI
| Q4 25 | 16.1% | 24.4% | ||
| Q3 25 | 28.5% | 11.8% | ||
| Q2 25 | -16.2% | 18.8% | ||
| Q1 25 | 24.9% | 2.6% | ||
| Q4 24 | 21.7% | 23.5% | ||
| Q3 24 | 25.1% | 1.1% | ||
| Q2 24 | 10.8% | 15.7% | ||
| Q1 24 | 18.5% | 6.2% |
资本支出强度EBAYSIRI
| Q4 25 | 3.9% | 6.6% | ||
| Q3 25 | 4.6% | 8.1% | ||
| Q2 25 | 4.9% | 6.8% | ||
| Q1 25 | 5.5% | 9.1% | ||
| Q4 24 | 4.5% | 7.5% | ||
| Q3 24 | 4.2% | 9.9% | ||
| Q2 24 | 3.5% | 7.9% | ||
| Q1 24 | 5.6% | 8.0% |
现金转化率EBAYSIRI
| Q4 25 | 1.13× | 6.87× | ||
| Q3 25 | 1.48× | 1.45× | ||
| Q2 25 | -0.83× | 2.66× | ||
| Q1 25 | 1.56× | 1.19× | ||
| Q4 24 | 1.00× | 3.06× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.64× | 1.69× | ||
| Q1 24 | 1.40× | 1.16× |
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% |
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
