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易贝（EBAY）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
Targa Resources的季度营收约是易贝的1.4倍（$4.1B vs $3.0B），易贝净利率更高（17.8% vs 13.4%，领先4.4%），易贝同比增速更快（15.0% vs -7.9%），Targa Resources自由现金流更多（$542.3M vs $478.0M），过去两年易贝的营收复合增速更高（7.7% vs 0.8%）
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。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
EBAY vs TRGP — 直观对比
营收规模更大
TRGP
是对方的1.4倍
$3.0B
营收增速更快
EBAY
高出22.9%
-7.9%
净利率更高
EBAY
高出4.4%
13.4%
自由现金流更多
TRGP
多$64.3M
$478.0M
两年增速更快
EBAY
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $4.1B |
| 净利润 | $528.0M | $545.0M |
| 毛利率 | 71.4% | 43.1% |
| 营业利润率 | 20.3% | 22.6% |
| 净利率 | 17.8% | 13.4% |
| 营收同比 | 15.0% | -7.9% |
| 净利润同比 | -22.2% | 55.3% |
| 每股收益（稀释后） | $1.14 | $2.51 |
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EBAYTRGP
| Q4 25 | $3.0B | $4.1B | ||
| Q3 25 | $2.8B | $4.2B | ||
| Q2 25 | $2.7B | $4.3B | ||
| Q1 25 | $2.6B | $4.6B | ||
| Q4 24 | $2.6B | $4.4B | ||
| Q3 24 | $2.6B | $3.9B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.6B | $4.0B |
净利润EBAYTRGP
| Q4 25 | $528.0M | $545.0M | ||
| Q3 25 | $632.0M | $478.4M | ||
| Q2 25 | $368.0M | $629.1M | ||
| Q1 25 | $503.0M | $270.5M | ||
| Q4 24 | $679.0M | $350.9M | ||
| Q3 24 | $634.0M | $387.4M | ||
| Q2 24 | $224.0M | $298.5M | ||
| Q1 24 | $438.0M | $275.2M |
毛利率EBAYTRGP
| Q4 25 | 71.4% | 43.1% | ||
| Q3 25 | 70.9% | 39.6% | ||
| Q2 25 | 71.6% | 42.8% | ||
| Q1 25 | 72.0% | 28.6% | ||
| Q4 24 | 72.2% | 33.7% | ||
| Q3 24 | 71.8% | 38.6% | ||
| Q2 24 | 71.4% | 27.9% | ||
| Q1 24 | 72.6% | 19.3% |
营业利润率EBAYTRGP
| Q4 25 | 20.3% | 22.6% | ||
| Q3 25 | 20.4% | 20.2% | ||
| Q2 25 | 17.7% | 24.3% | ||
| Q1 25 | 23.8% | 11.9% | ||
| Q4 24 | 21.1% | 15.9% | ||
| Q3 24 | 23.1% | 18.9% | ||
| Q2 24 | 21.3% | 20.6% | ||
| Q1 24 | 24.7% | 16.0% |
净利率EBAYTRGP
| Q4 25 | 17.8% | 13.4% | ||
| Q3 25 | 22.4% | 11.5% | ||
| Q2 25 | 13.5% | 14.8% | ||
| Q1 25 | 19.5% | 5.9% | ||
| Q4 24 | 26.3% | 8.0% | ||
| Q3 24 | 24.6% | 10.1% | ||
| Q2 24 | 8.7% | 9.8% | ||
| Q1 24 | 17.1% | 6.9% |
每股收益（稀释后）EBAYTRGP
| Q4 25 | $1.14 | $2.51 | ||
| Q3 25 | $1.35 | $2.20 | ||
| Q2 25 | $0.79 | $2.87 | ||
| Q1 25 | $1.06 | $0.91 | ||
| Q4 24 | $1.35 | $1.44 | ||
| Q3 24 | $1.29 | $1.75 | ||
| Q2 24 | $0.45 | $1.33 | ||
| Q1 24 | $0.85 | $1.22 |
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 | $166.1M |
| 总债务越低越好 | $6.0B | $16.7B |
| 股东权益账面价值 | $4.6B | $3.1B |
| 总资产 | $17.6B | $25.2B |
| 负债/权益比越低杠杆越低 | 1.30× | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资EBAYTRGP
| Q4 25 | $1.9B | $166.1M | ||
| Q3 25 | $2.4B | $124.1M | ||
| Q2 25 | $2.1B | $113.1M | ||
| Q1 25 | $3.1B | $151.4M | ||
| Q4 24 | $2.4B | $157.3M | ||
| Q3 24 | $1.6B | $127.2M | ||
| Q2 24 | $2.0B | $166.4M | ||
| Q1 24 | $2.1B | $109.9M |
总债务EBAYTRGP
| Q4 25 | $6.0B | $16.7B | ||
| Q3 25 | $5.0B | $16.7B | ||
| Q2 25 | $5.0B | $16.1B | ||
| Q1 25 | $5.8B | $15.5B | ||
| Q4 24 | $5.8B | $13.8B | ||
| Q3 24 | $6.2B | $13.6B | ||
| Q2 24 | $6.2B | $13.0B | ||
| Q1 24 | $6.2B | $12.5B |
股东权益EBAYTRGP
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.7B | $2.6B | ||
| Q1 25 | $5.0B | $2.5B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.4B | $2.6B | ||
| Q2 24 | $5.5B | $2.5B | ||
| Q1 24 | $6.3B | $2.7B |
总资产EBAYTRGP
| Q4 25 | $17.6B | $25.2B | ||
| Q3 25 | $17.8B | $24.2B | ||
| Q2 25 | $18.0B | $23.5B | ||
| Q1 25 | $19.0B | $22.8B | ||
| Q4 24 | $19.4B | $22.7B | ||
| Q3 24 | $19.9B | $21.9B | ||
| Q2 24 | $20.4B | $21.3B | ||
| Q1 24 | $21.4B | $20.8B |
负债/权益比EBAYTRGP
| Q4 25 | 1.30× | 5.43× | ||
| Q3 25 | 1.06× | 6.19× | ||
| Q2 25 | 1.05× | 6.21× | ||
| Q1 25 | 1.16× | 6.34× | ||
| Q4 24 | 1.12× | 5.32× | ||
| Q3 24 | 1.14× | 5.28× | ||
| Q2 24 | 1.12× | 5.25× | ||
| Q1 24 | 0.98× | 4.63× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $478.0M | $542.3M |
| 自由现金流率自由现金流/营收 | 16.1% | 13.4% |
| 资本支出强度资本支出/营收 | 3.9% | 23.8% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $584.1M |
8季度趋势，按日历期对齐
经营现金流EBAYTRGP
| Q4 25 | $595.0M | $1.5B | ||
| Q3 25 | $934.0M | $599.2M | ||
| Q2 25 | $-307.0M | $858.3M | ||
| Q1 25 | $787.0M | $954.4M | ||
| Q4 24 | $677.0M | $1.3B | ||
| Q3 24 | $755.0M | $540.9M | ||
| Q2 24 | $367.0M | $904.5M | ||
| Q1 24 | $615.0M | $876.4M |
自由现金流EBAYTRGP
| Q4 25 | $478.0M | $542.3M | ||
| Q3 25 | $803.0M | $-72.6M | ||
| Q2 25 | $-441.0M | $-47.8M | ||
| Q1 25 | $644.0M | $162.2M | ||
| Q4 24 | $560.0M | $601.0M | ||
| Q3 24 | $646.0M | $-287.9M | ||
| Q2 24 | $278.0M | $164.2M | ||
| Q1 24 | $472.0M | $206.6M |
自由现金流率EBAYTRGP
| Q4 25 | 16.1% | 13.4% | ||
| Q3 25 | 28.5% | -1.7% | ||
| Q2 25 | -16.2% | -1.1% | ||
| Q1 25 | 24.9% | 3.6% | ||
| Q4 24 | 21.7% | 13.6% | ||
| Q3 24 | 25.1% | -7.5% | ||
| Q2 24 | 10.8% | 5.4% | ||
| Q1 24 | 18.5% | 5.2% |
资本支出强度EBAYTRGP
| Q4 25 | 3.9% | 23.8% | ||
| Q3 25 | 4.6% | 16.2% | ||
| Q2 25 | 4.9% | 21.3% | ||
| Q1 25 | 5.5% | 17.4% | ||
| Q4 24 | 4.5% | 16.5% | ||
| Q3 24 | 4.2% | 21.5% | ||
| Q2 24 | 3.5% | 24.3% | ||
| Q1 24 | 5.6% | 16.8% |
现金转化率EBAYTRGP
| Q4 25 | 1.13× | 2.76× | ||
| Q3 25 | 1.48× | 1.25× | ||
| Q2 25 | -0.83× | 1.36× | ||
| Q1 25 | 1.56× | 3.53× | ||
| Q4 24 | 1.00× | 3.78× | ||
| Q3 24 | 1.19× | 1.40× | ||
| Q2 24 | 1.64× | 3.03× | ||
| Q1 24 | 1.40× | 3.18× |
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% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
