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亿客行集团（EXPE）与固安捷（GWW）财务数据对比。点击上方公司名可切换其他公司
固安捷的季度营收约是亿客行集团的1.2倍（$4.4B vs $3.5B），固安捷净利率更高（10.2% vs 5.8%，领先4.4%），亿客行集团同比增速更快（18.7% vs 4.5%），过去两年固安捷的营收复合增速更高（2.2% vs -0.2%）
亿客行集团是总部位于美国西雅图的在线旅游服务商，旗下旅行预订平台Expedia于1996年由微软推出。用户可通过其官方网站及移动应用预订机票、酒店、租车、邮轮、特色活动及度假短租等产品，为全球消费者提供便捷的一站式旅行服务解决方案。
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
EXPE vs GWW — 直观对比
营收规模更大
GWW
是对方的1.2倍
$3.5B
营收增速更快
EXPE
高出14.2%
4.5%
净利率更高
GWW
高出4.4%
5.8%
两年增速更快
GWW
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.4B |
| 净利润 | $205.0M | $451.0M |
| 毛利率 | — | 39.5% |
| 营业利润率 | 11.8% | 14.3% |
| 净利率 | 5.8% | 10.2% |
| 营收同比 | 18.7% | 4.5% |
| 净利润同比 | 202.5% | -5.1% |
| 每股收益（稀释后） | $1.56 | $9.45 |
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EXPEGWW
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.4B | ||
| Q3 25 | $4.4B | $4.7B | ||
| Q2 25 | $3.8B | $4.6B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $3.2B | $4.2B | ||
| Q3 24 | $4.1B | $4.4B | ||
| Q2 24 | $3.6B | $4.3B |
净利润EXPEGWW
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $451.0M | ||
| Q3 25 | $959.0M | $294.0M | ||
| Q2 25 | $330.0M | $482.0M | ||
| Q1 25 | $-200.0M | $479.0M | ||
| Q4 24 | $299.0M | $475.0M | ||
| Q3 24 | $684.0M | $486.0M | ||
| Q2 24 | $386.0M | $470.0M |
毛利率EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.6% | ||
| Q2 25 | — | 38.5% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | — | 39.2% | ||
| Q2 24 | — | 39.3% |
营业利润率EXPEGWW
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | 14.3% | ||
| Q3 25 | 23.5% | 11.0% | ||
| Q2 25 | 12.8% | 14.9% | ||
| Q1 25 | -2.3% | 15.6% | ||
| Q4 24 | 6.8% | 15.0% | ||
| Q3 24 | 18.8% | 15.6% | ||
| Q2 24 | 12.7% | 15.1% |
净利率EXPEGWW
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 10.2% | ||
| Q3 25 | 21.7% | 6.3% | ||
| Q2 25 | 8.7% | 10.6% | ||
| Q1 25 | -6.7% | 11.1% | ||
| Q4 24 | 9.4% | 11.2% | ||
| Q3 24 | 16.8% | 11.1% | ||
| Q2 24 | 10.8% | 10.9% |
每股收益（稀释后）EXPEGWW
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $9.45 | ||
| Q3 25 | $7.33 | $6.12 | ||
| Q2 25 | $2.48 | $9.97 | ||
| Q1 25 | $-1.56 | $9.86 | ||
| Q4 24 | $2.10 | $9.71 | ||
| Q3 24 | $5.04 | $9.87 | ||
| Q2 24 | $2.80 | $9.51 |
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 | $5.7B | $585.0M |
| 总债务越低越好 | $6.2B | $2.5B |
| 股东权益账面价值 | $1.3B | $3.7B |
| 总资产 | $24.5B | $9.0B |
| 负债/权益比越低杠杆越低 | 4.80× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资EXPEGWW
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $585.0M | ||
| Q3 25 | $6.2B | $535.0M | ||
| Q2 25 | $6.7B | $597.0M | ||
| Q1 25 | $6.1B | $666.0M | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.9B | $1.4B | ||
| Q2 24 | $6.3B | $769.0M |
总债务EXPEGWW
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | $2.5B | ||
| Q3 25 | $6.2B | $2.4B | ||
| Q2 25 | $6.2B | $2.3B | ||
| Q1 25 | $6.2B | $2.3B | ||
| Q4 24 | $6.3B | $2.8B | ||
| Q3 24 | $6.3B | $2.3B | ||
| Q2 24 | $6.3B | $1.8B |
股东权益EXPEGWW
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $3.7B | ||
| Q3 25 | $1.3B | $3.6B | ||
| Q2 25 | $836.0M | $3.7B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.6B | $3.4B | ||
| Q3 24 | $1.3B | $3.5B | ||
| Q2 24 | $889.0M | $3.3B |
总资产EXPEGWW
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $9.0B | ||
| Q3 25 | $25.1B | $8.8B | ||
| Q2 25 | $27.0B | $8.9B | ||
| Q1 25 | $26.1B | $8.7B | ||
| Q4 24 | $22.4B | $8.8B | ||
| Q3 24 | $23.4B | $9.1B | ||
| Q2 24 | $25.9B | $8.4B |
负债/权益比EXPEGWW
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | 0.67× | ||
| Q3 25 | 4.65× | 0.67× | ||
| Q2 25 | 7.43× | 0.64× | ||
| Q1 25 | 5.79× | 0.66× | ||
| Q4 24 | 4.02× | 0.83× | ||
| Q3 24 | 4.74× | 0.65× | ||
| Q2 24 | 7.04× | 0.54× |
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 | — | $395.0M |
| 自由现金流经营现金流 - 资本支出 | — | $269.0M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $395.0M | ||
| Q3 25 | $-497.0M | $597.0M | ||
| Q2 25 | $1.1B | $377.0M | ||
| Q1 25 | $3.0B | $646.0M | ||
| Q4 24 | $198.0M | $428.0M | ||
| Q3 24 | $-1.5B | $611.0M | ||
| Q2 24 | $1.5B | $411.0M |
自由现金流EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $269.0M | ||
| Q3 25 | $-686.0M | $339.0M | ||
| Q2 25 | $921.0M | $202.0M | ||
| Q1 25 | $2.8B | $521.0M | ||
| Q4 24 | $7.0M | $170.0M | ||
| Q3 24 | $-1.7B | $523.0M | ||
| Q2 24 | $1.3B | $335.0M |
自由现金流率EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 6.1% | ||
| Q3 25 | -15.5% | 7.3% | ||
| Q2 25 | 24.3% | 4.4% | ||
| Q1 25 | 92.2% | 12.1% | ||
| Q4 24 | 0.2% | 4.0% | ||
| Q3 24 | -41.6% | 11.9% | ||
| Q2 24 | 36.7% | 7.8% |
资本支出强度EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 2.8% | ||
| Q3 25 | 4.3% | 5.5% | ||
| Q2 25 | 5.3% | 3.8% | ||
| Q1 25 | 6.6% | 2.9% | ||
| Q4 24 | 6.0% | 6.1% | ||
| Q3 24 | 4.8% | 2.0% | ||
| Q2 24 | 5.5% | 1.8% |
现金转化率EXPEGWW
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.88× | ||
| Q3 25 | -0.52× | 2.03× | ||
| Q2 25 | 3.40× | 0.78× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | 0.66× | 0.90× | ||
| Q3 24 | -2.18× | 1.26× | ||
| Q2 24 | 3.89× | 0.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
