vs
亿客行集团（EXPE）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
亿客行集团的季度营收约是猫途鹰的8.6倍（$3.5B vs $411.0M），亿客行集团净利率更高（5.8% vs -9.2%，领先15.0%），亿客行集团同比增速更快（18.7% vs 0.0%），过去两年猫途鹰的营收复合增速更高（2.0% 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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
EXPE vs TRIP — 直观对比
营收规模更大
EXPE
是对方的8.6倍
$411.0M
营收增速更快
EXPE
高出18.7%
0.0%
净利率更高
EXPE
高出15.0%
-9.2%
两年增速更快
TRIP
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $411.0M |
| 净利润 | $205.0M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | 11.8% | -8.3% |
| 净利率 | 5.8% | -9.2% |
| 营收同比 | 18.7% | 0.0% |
| 净利润同比 | 202.5% | -3900.0% |
| 每股收益（稀释后） | $1.56 | $-0.32 |
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EXPETRIP
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $411.0M | ||
| Q3 25 | $4.4B | $553.0M | ||
| Q2 25 | $3.8B | $529.0M | ||
| Q1 25 | $3.0B | $398.0M | ||
| Q4 24 | $3.2B | $411.0M | ||
| Q3 24 | $4.1B | $532.0M | ||
| Q2 24 | $3.6B | $497.0M |
净利润EXPETRIP
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $-38.0M | ||
| Q3 25 | $959.0M | $53.0M | ||
| Q2 25 | $330.0M | $36.0M | ||
| Q1 25 | $-200.0M | $-11.0M | ||
| Q4 24 | $299.0M | $1.0M | ||
| Q3 24 | $684.0M | $39.0M | ||
| Q2 24 | $386.0M | $24.0M |
毛利率EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% |
营业利润率EXPETRIP
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | -8.3% | ||
| Q3 25 | 23.5% | 12.7% | ||
| Q2 25 | 12.8% | 11.2% | ||
| Q1 25 | -2.3% | -3.8% | ||
| Q4 24 | 6.8% | 0.2% | ||
| Q3 24 | 18.8% | 13.2% | ||
| Q2 24 | 12.7% | 7.2% |
净利率EXPETRIP
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | -9.2% | ||
| Q3 25 | 21.7% | 9.6% | ||
| Q2 25 | 8.7% | 6.8% | ||
| Q1 25 | -6.7% | -2.8% | ||
| Q4 24 | 9.4% | 0.2% | ||
| Q3 24 | 16.8% | 7.3% | ||
| Q2 24 | 10.8% | 4.8% |
每股收益（稀释后）EXPETRIP
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $-0.32 | ||
| Q3 25 | $7.33 | $0.43 | ||
| Q2 25 | $2.48 | $0.28 | ||
| Q1 25 | $-1.56 | $-0.08 | ||
| Q4 24 | $2.10 | $0.03 | ||
| Q3 24 | $5.04 | $0.27 | ||
| Q2 24 | $2.80 | $0.17 |
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 | $1.0B |
| 总债务越低越好 | $6.2B | $819.0M |
| 股东权益账面价值 | $1.3B | $645.0M |
| 总资产 | $24.5B | $2.6B |
| 负债/权益比越低杠杆越低 | 4.80× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资EXPETRIP
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $6.2B | $1.2B | ||
| Q2 25 | $6.7B | $1.2B | ||
| Q1 25 | $6.1B | $1.2B | ||
| Q4 24 | $4.5B | $1.1B | ||
| Q3 24 | $4.9B | $1.1B | ||
| Q2 24 | $6.3B | $1.2B |
总债务EXPETRIP
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | $819.0M | ||
| Q3 25 | $6.2B | $821.0M | ||
| Q2 25 | $6.2B | $822.0M | ||
| Q1 25 | $6.2B | $1.2B | ||
| Q4 24 | $6.3B | $831.0M | ||
| Q3 24 | $6.3B | $832.0M | ||
| Q2 24 | $6.3B | — |
股东权益EXPETRIP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $645.0M | ||
| Q3 25 | $1.3B | $707.0M | ||
| Q2 25 | $836.0M | $627.0M | ||
| Q1 25 | $1.1B | $643.0M | ||
| Q4 24 | $1.6B | $943.0M | ||
| Q3 24 | $1.3B | $944.0M | ||
| Q2 24 | $889.0M | $857.0M |
总资产EXPETRIP
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $2.6B | ||
| Q3 25 | $25.1B | $2.8B | ||
| Q2 25 | $27.0B | $2.9B | ||
| Q1 25 | $26.1B | $2.8B | ||
| Q4 24 | $22.4B | $2.6B | ||
| Q3 24 | $23.4B | $2.7B | ||
| Q2 24 | $25.9B | $2.8B |
负债/权益比EXPETRIP
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | 1.27× | ||
| Q3 25 | 4.65× | 1.16× | ||
| Q2 25 | 7.43× | 1.31× | ||
| Q1 25 | 5.79× | 1.81× | ||
| Q4 24 | 4.02× | 0.88× | ||
| Q3 24 | 4.74× | 0.88× | ||
| Q2 24 | 7.04× | — |
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 | — | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-122.0M |
| 自由现金流率自由现金流/营收 | — | -29.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $-103.0M | ||
| Q3 25 | $-497.0M | $44.0M | ||
| Q2 25 | $1.1B | $202.0M | ||
| Q1 25 | $3.0B | $102.0M | ||
| Q4 24 | $198.0M | $-3.0M | ||
| Q3 24 | $-1.5B | $-43.0M | ||
| Q2 24 | $1.5B | $51.0M |
自由现金流EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $-122.0M | ||
| Q3 25 | $-686.0M | $25.0M | ||
| Q2 25 | $921.0M | $177.0M | ||
| Q1 25 | $2.8B | $83.0M | ||
| Q4 24 | $7.0M | $-26.0M | ||
| Q3 24 | $-1.7B | $-63.0M | ||
| Q2 24 | $1.3B | $36.0M |
自由现金流率EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -29.7% | ||
| Q3 25 | -15.5% | 4.5% | ||
| Q2 25 | 24.3% | 33.5% | ||
| Q1 25 | 92.2% | 20.9% | ||
| Q4 24 | 0.2% | -6.3% | ||
| Q3 24 | -41.6% | -11.8% | ||
| Q2 24 | 36.7% | 7.2% |
资本支出强度EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 4.6% | ||
| Q3 25 | 4.3% | 3.4% | ||
| Q2 25 | 5.3% | 4.7% | ||
| Q1 25 | 6.6% | 4.8% | ||
| Q4 24 | 6.0% | 5.6% | ||
| Q3 24 | 4.8% | 3.8% | ||
| Q2 24 | 5.5% | 3.0% |
现金转化率EXPETRIP
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | -0.52× | 0.83× | ||
| Q2 25 | 3.40× | 5.61× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | -3.00× | ||
| Q3 24 | -2.18× | -1.10× | ||
| Q2 24 | 3.89× | 2.13× |
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
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
