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易贝（EBAY）与Atlassian Corp（TEAM）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Atlassian Corp的1.9倍（$3.0B vs $1.6B），易贝净利率更高（17.8% vs -2.7%，领先20.5%），Atlassian Corp同比增速更快（23.3% vs 15.0%），易贝自由现金流更多（$478.0M vs $168.5M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
EBAY vs TEAM — 直观对比
营收规模更大
EBAY
是对方的1.9倍
$1.6B
营收增速更快
TEAM
高出8.3%
15.0%
净利率更高
EBAY
高出20.5%
-2.7%
自由现金流更多
EBAY
多$309.5M
$168.5M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.6B |
| 净利润 | $528.0M | $-42.6M |
| 毛利率 | 71.4% | 85.0% |
| 营业利润率 | 20.3% | -3.0% |
| 净利率 | 17.8% | -2.7% |
| 营收同比 | 15.0% | 23.3% |
| 净利润同比 | -22.2% | -11.6% |
| 每股收益（稀释后） | $1.14 | $-0.16 |
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EBAYTEAM
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.7B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.6B | — | ||
| Q1 24 | $2.6B | $1.2B |
净利润EBAYTEAM
| Q4 25 | $528.0M | $-42.6M | ||
| Q3 25 | $632.0M | $-51.9M | ||
| Q2 25 | $368.0M | $-23.9M | ||
| Q1 25 | $503.0M | $-70.8M | ||
| Q4 24 | $679.0M | $-38.2M | ||
| Q3 24 | $634.0M | $-123.8M | ||
| Q2 24 | $224.0M | — | ||
| Q1 24 | $438.0M | $12.8M |
毛利率EBAYTEAM
| Q4 25 | 71.4% | 85.0% | ||
| Q3 25 | 70.9% | 82.0% | ||
| Q2 25 | 71.6% | 83.1% | ||
| Q1 25 | 72.0% | 83.8% | ||
| Q4 24 | 72.2% | 82.7% | ||
| Q3 24 | 71.8% | 81.7% | ||
| Q2 24 | 71.4% | — | ||
| Q1 24 | 72.6% | 82.1% |
营业利润率EBAYTEAM
| Q4 25 | 20.3% | -3.0% | ||
| Q3 25 | 20.4% | -6.7% | ||
| Q2 25 | 17.7% | -2.1% | ||
| Q1 25 | 23.8% | -0.9% | ||
| Q4 24 | 21.1% | -4.5% | ||
| Q3 24 | 23.1% | -2.7% | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 24.7% | 1.5% |
净利率EBAYTEAM
| Q4 25 | 17.8% | -2.7% | ||
| Q3 25 | 22.4% | -3.6% | ||
| Q2 25 | 13.5% | -1.7% | ||
| Q1 25 | 19.5% | -5.2% | ||
| Q4 24 | 26.3% | -3.0% | ||
| Q3 24 | 24.6% | -10.4% | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 17.1% | 1.1% |
每股收益（稀释后）EBAYTEAM
| Q4 25 | $1.14 | $-0.16 | ||
| Q3 25 | $1.35 | $-0.20 | ||
| Q2 25 | $0.79 | $-0.08 | ||
| Q1 25 | $1.06 | $-0.27 | ||
| Q4 24 | $1.35 | $-0.15 | ||
| Q3 24 | $1.29 | $-0.48 | ||
| Q2 24 | $0.45 | — | ||
| Q1 24 | $0.85 | $0.05 |
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 | $1.6B |
| 总债务越低越好 | $6.0B | — |
| 股东权益账面价值 | $4.6B | $1.6B |
| 总资产 | $17.6B | $6.2B |
| 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EBAYTEAM
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $3.1B | $3.0B | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | $2.1B |
总债务EBAYTEAM
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.0B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.2B | — |
股东权益EBAYTEAM
| Q4 25 | $4.6B | $1.6B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.7B | $1.3B | ||
| Q1 25 | $5.0B | $1.4B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $5.4B | $1.0B | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $6.3B | $1.1B |
总资产EBAYTEAM
| Q4 25 | $17.6B | $6.2B | ||
| Q3 25 | $17.8B | $5.7B | ||
| Q2 25 | $18.0B | $6.0B | ||
| Q1 25 | $19.0B | $5.9B | ||
| Q4 24 | $19.4B | $5.4B | ||
| Q3 24 | $19.9B | $5.0B | ||
| Q2 24 | $20.4B | — | ||
| Q1 24 | $21.4B | $5.1B |
负债/权益比EBAYTEAM
| Q4 25 | 1.30× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.14× | — | ||
| 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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $168.5M |
| 自由现金流率自由现金流/营收 | 16.1% | 10.6% |
| 资本支出强度资本支出/营收 | 3.9% | 0.6% |
| 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 | $1.3B |
8季度趋势，按日历期对齐
经营现金流EBAYTEAM
| Q4 25 | $595.0M | $177.8M | ||
| Q3 25 | $934.0M | $128.7M | ||
| Q2 25 | $-307.0M | $375.3M | ||
| Q1 25 | $787.0M | $652.7M | ||
| Q4 24 | $677.0M | $351.9M | ||
| Q3 24 | $755.0M | $80.5M | ||
| Q2 24 | $367.0M | — | ||
| Q1 24 | $615.0M | $565.4M |
自由现金流EBAYTEAM
| Q4 25 | $478.0M | $168.5M | ||
| Q3 25 | $803.0M | $114.6M | ||
| Q2 25 | $-441.0M | $360.3M | ||
| Q1 25 | $644.0M | $638.3M | ||
| Q4 24 | $560.0M | $342.6M | ||
| Q3 24 | $646.0M | $74.3M | ||
| Q2 24 | $278.0M | — | ||
| Q1 24 | $472.0M | $554.9M |
自由现金流率EBAYTEAM
| Q4 25 | 16.1% | 10.6% | ||
| Q3 25 | 28.5% | 8.0% | ||
| Q2 25 | -16.2% | 26.0% | ||
| Q1 25 | 24.9% | 47.0% | ||
| Q4 24 | 21.7% | 26.6% | ||
| Q3 24 | 25.1% | 6.3% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 18.5% | 46.7% |
资本支出强度EBAYTEAM
| Q4 25 | 3.9% | 0.6% | ||
| Q3 25 | 4.6% | 1.0% | ||
| Q2 25 | 4.9% | 1.1% | ||
| Q1 25 | 5.5% | 1.1% | ||
| Q4 24 | 4.5% | 0.7% | ||
| Q3 24 | 4.2% | 0.5% | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 5.6% | 0.9% |
现金转化率EBAYTEAM
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | -0.83× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 1.40× | 44.34× |
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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
