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亿客行集团（EXPE）与Republic Services（RSG）财务数据对比。点击上方公司名可切换其他公司
Republic Services的季度营收约是亿客行集团的1.2倍（$4.1B vs $3.5B），Republic Services净利率更高（13.2% vs 5.8%，领先7.4%），亿客行集团同比增速更快（18.7% vs 2.2%），过去两年Republic Services的营收复合增速更高（3.5% 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。
Republic Services是北美头部垃圾处理企业，业务涵盖非危险固体废物收集、转运、处置、资源回收及能源服务，是美国仅次于废物管理公司的第二大垃圾处理服务商，核心运营聚焦非危固废全流程管理、可回收物资源化利用及相关能源服务。
EXPE vs RSG — 直观对比
营收规模更大
RSG
是对方的1.2倍
$3.5B
营收增速更快
EXPE
高出16.5%
2.2%
净利率更高
RSG
高出7.4%
5.8%
两年增速更快
RSG
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.1B |
| 净利润 | $205.0M | $544.7M |
| 毛利率 | — | 41.9% |
| 营业利润率 | 11.8% | 19.4% |
| 净利率 | 5.8% | 13.2% |
| 营收同比 | 18.7% | 2.2% |
| 净利润同比 | 202.5% | 6.3% |
| 每股收益（稀释后） | $1.56 | $1.76 |
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EXPERSG
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.1B | ||
| Q3 25 | $4.4B | $4.2B | ||
| Q2 25 | $3.8B | $4.2B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.2B | $4.0B | ||
| Q3 24 | $4.1B | $4.1B | ||
| Q2 24 | $3.6B | $4.0B |
净利润EXPERSG
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $544.7M | ||
| Q3 25 | $959.0M | $549.7M | ||
| Q2 25 | $330.0M | $549.9M | ||
| Q1 25 | $-200.0M | $495.0M | ||
| Q4 24 | $299.0M | $512.2M | ||
| Q3 24 | $684.0M | $565.7M | ||
| Q2 24 | $386.0M | $511.5M |
毛利率EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 41.5% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 42.3% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 41.1% |
营业利润率EXPERSG
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | 19.4% | ||
| Q3 25 | 23.5% | 19.8% | ||
| Q2 25 | 12.8% | 20.3% | ||
| Q1 25 | -2.3% | 20.1% | ||
| Q4 24 | 6.8% | 19.9% | ||
| Q3 24 | 18.8% | 20.8% | ||
| Q2 24 | 12.7% | 20.1% |
净利率EXPERSG
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 13.2% | ||
| Q3 25 | 21.7% | 13.1% | ||
| Q2 25 | 8.7% | 13.0% | ||
| Q1 25 | -6.7% | 12.3% | ||
| Q4 24 | 9.4% | 12.7% | ||
| Q3 24 | 16.8% | 13.9% | ||
| Q2 24 | 10.8% | 12.6% |
每股收益（稀释后）EXPERSG
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $1.76 | ||
| Q3 25 | $7.33 | $1.76 | ||
| Q2 25 | $2.48 | $1.75 | ||
| Q1 25 | $-1.56 | $1.58 | ||
| Q4 24 | $2.10 | $1.63 | ||
| Q3 24 | $5.04 | $1.80 | ||
| Q2 24 | $2.80 | $1.62 |
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 | $76.0M |
| 总债务越低越好 | $6.2B | $13.0B |
| 股东权益账面价值 | $1.3B | $12.0B |
| 总资产 | $24.5B | $34.4B |
| 负债/权益比越低杠杆越低 | 4.80× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资EXPERSG
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $76.0M | ||
| Q3 25 | $6.2B | $84.0M | ||
| Q2 25 | $6.7B | $122.0M | ||
| Q1 25 | $6.1B | $83.0M | ||
| Q4 24 | $4.5B | $74.0M | ||
| Q3 24 | $4.9B | $83.4M | ||
| Q2 24 | $6.3B | $490.6M |
总债务EXPERSG
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | $13.0B | ||
| Q3 25 | $6.2B | $12.4B | ||
| Q2 25 | $6.2B | $12.5B | ||
| Q1 25 | $6.2B | $12.9B | ||
| Q4 24 | $6.3B | $11.9B | ||
| Q3 24 | $6.3B | $12.0B | ||
| Q2 24 | $6.3B | $11.5B |
股东权益EXPERSG
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $12.0B | ||
| Q3 25 | $1.3B | $11.9B | ||
| Q2 25 | $836.0M | $12.1B | ||
| Q1 25 | $1.1B | $11.7B | ||
| Q4 24 | $1.6B | $11.4B | ||
| Q3 24 | $1.3B | $11.2B | ||
| Q2 24 | $889.0M | $11.0B |
总资产EXPERSG
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $34.4B | ||
| Q3 25 | $25.1B | $33.8B | ||
| Q2 25 | $27.0B | $33.4B | ||
| Q1 25 | $26.1B | $33.1B | ||
| Q4 24 | $22.4B | $32.4B | ||
| Q3 24 | $23.4B | $31.8B | ||
| Q2 24 | $25.9B | $31.9B |
负债/权益比EXPERSG
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | 1.08× | ||
| Q3 25 | 4.65× | 1.04× | ||
| Q2 25 | 7.43× | 1.04× | ||
| Q1 25 | 5.79× | 1.10× | ||
| Q4 24 | 4.02× | 1.04× | ||
| Q3 24 | 4.74× | 1.07× | ||
| Q2 24 | 7.04× | 1.05× |
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 | — | $981.0M |
| 自由现金流经营现金流 - 资本支出 | — | $404.0M |
| 自由现金流率自由现金流/营收 | — | 9.8% |
| 资本支出强度资本支出/营收 | — | 14.0% |
| 现金转化率经营现金流/净利润 | — | 1.80× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $981.0M | ||
| Q3 25 | $-497.0M | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $198.0M | $1.0B | ||
| Q3 24 | $-1.5B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B |
自由现金流EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $404.0M | ||
| Q3 25 | $-686.0M | $737.0M | ||
| Q2 25 | $921.0M | $702.0M | ||
| Q1 25 | $2.8B | $566.0M | ||
| Q4 24 | $7.0M | $524.4M | ||
| Q3 24 | $-1.7B | $563.6M | ||
| Q2 24 | $1.3B | $696.0M |
自由现金流率EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 9.8% | ||
| Q3 25 | -15.5% | 17.5% | ||
| Q2 25 | 24.3% | 16.6% | ||
| Q1 25 | 92.2% | 14.1% | ||
| Q4 24 | 0.2% | 13.0% | ||
| Q3 24 | -41.6% | 13.8% | ||
| Q2 24 | 36.7% | 17.2% |
资本支出强度EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 14.0% | ||
| Q3 25 | 4.3% | 10.5% | ||
| Q2 25 | 5.3% | 9.6% | ||
| Q1 25 | 6.6% | 11.4% | ||
| Q4 24 | 6.0% | 12.3% | ||
| Q3 24 | 4.8% | 10.8% | ||
| Q2 24 | 5.5% | 10.0% |
现金转化率EXPERSG
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 1.80× | ||
| Q3 25 | -0.52× | 2.15× | ||
| Q2 25 | 3.40× | 2.02× | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | 0.66× | 2.00× | ||
| Q3 24 | -2.18× | 1.77× | ||
| Q2 24 | 3.89× | 2.15× |
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
EXPE
暂无分部数据
RSG
| Other | $1.1B | 26% |
| Landfill Service Line | $780.0M | 19% |
| Collection Service Line Residential | $761.0M | 18% |
| Transfer Service Line | $458.0M | 11% |
| Environmental Solutions Service Line | $435.0M | 11% |
| Group3Segment | $423.0M | 10% |
| Other Service Line Sale Of Recycled Commodities | $104.0M | 3% |
| Other Service Line Other Noncore | $94.0M | 2% |
| Collection Service Line Other | $18.0M | 0% |
