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亿客行集团（EXPE）与普信集团（TROW）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普信集团的1.8倍（$3.5B vs $1.9B），普信集团净利率更高（23.0% vs 5.8%，领先17.2%），亿客行集团同比增速更快（18.7% vs 6.0%），过去两年普信集团的营收复合增速更高（5.1% 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。
普信集团（T. Rowe Price）是美国上市的全球性资产管理机构，面向个人、机构及金融中介提供基金、次咨询服务、独立账户管理、退休规划等多元金融服务。截至2023年，公司管理资产规模超1.51万亿美元，年营收64.8亿美元，位列美国财富1000强第537位。
EXPE vs TROW — 直观对比
营收规模更大
EXPE
是对方的1.8倍
$1.9B
营收增速更快
EXPE
高出12.7%
6.0%
净利率更高
TROW
高出17.2%
5.8%
两年增速更快
TROW
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $1.9B |
| 净利润 | $205.0M | $445.3M |
| 毛利率 | — | — |
| 营业利润率 | 11.8% | 24.4% |
| 净利率 | 5.8% | 23.0% |
| 营收同比 | 18.7% | 6.0% |
| 净利润同比 | 202.5% | 1.2% |
| 每股收益（稀释后） | $1.56 | $1.98 |
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EXPETROW
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $4.4B | $1.9B | ||
| Q2 25 | $3.8B | $1.7B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $4.1B | $1.8B | ||
| Q2 24 | $3.6B | $1.7B |
净利润EXPETROW
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $445.3M | ||
| Q3 25 | $959.0M | $646.1M | ||
| Q2 25 | $330.0M | $505.2M | ||
| Q1 25 | $-200.0M | $490.5M | ||
| Q4 24 | $299.0M | $439.9M | ||
| Q3 24 | $684.0M | $603.0M | ||
| Q2 24 | $386.0M | $483.4M |
营业利润率EXPETROW
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | 24.4% | ||
| Q3 25 | 23.5% | 34.0% | ||
| Q2 25 | 12.8% | 27.8% | ||
| Q1 25 | -2.3% | 33.8% | ||
| Q4 24 | 6.8% | 31.2% | ||
| Q3 24 | 18.8% | 34.4% | ||
| Q2 24 | 12.7% | 32.6% |
净利率EXPETROW
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 23.0% | ||
| Q3 25 | 21.7% | 34.1% | ||
| Q2 25 | 8.7% | 29.3% | ||
| Q1 25 | -6.7% | 27.8% | ||
| Q4 24 | 9.4% | 24.1% | ||
| Q3 24 | 16.8% | 33.8% | ||
| Q2 24 | 10.8% | 27.9% |
每股收益（稀释后）EXPETROW
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $1.98 | ||
| Q3 25 | $7.33 | $2.87 | ||
| Q2 25 | $2.48 | $2.24 | ||
| Q1 25 | $-1.56 | $2.15 | ||
| Q4 24 | $2.10 | $1.91 | ||
| Q3 24 | $5.04 | $2.64 | ||
| Q2 24 | $2.80 | $2.11 |
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 | $3.4B |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $1.3B | $10.9B |
| 总资产 | $24.5B | $14.3B |
| 负债/权益比越低杠杆越低 | 4.80× | — |
8季度趋势，按日历期对齐
现金及短期投资EXPETROW
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $3.4B | ||
| Q3 25 | $6.2B | $3.6B | ||
| Q2 25 | $6.7B | $3.1B | ||
| Q1 25 | $6.1B | $2.8B | ||
| Q4 24 | $4.5B | $2.6B | ||
| Q3 24 | $4.9B | $3.2B | ||
| Q2 24 | $6.3B | $2.7B |
总债务EXPETROW
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $6.3B | — | ||
| Q2 24 | $6.3B | — |
股东权益EXPETROW
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $10.9B | ||
| Q3 25 | $1.3B | $10.8B | ||
| Q2 25 | $836.0M | $10.6B | ||
| Q1 25 | $1.1B | $10.4B | ||
| Q4 24 | $1.6B | $10.3B | ||
| Q3 24 | $1.3B | $10.2B | ||
| Q2 24 | $889.0M | $9.9B |
总资产EXPETROW
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $14.3B | ||
| Q3 25 | $25.1B | $14.7B | ||
| Q2 25 | $27.0B | $14.3B | ||
| Q1 25 | $26.1B | $14.0B | ||
| Q4 24 | $22.4B | $13.5B | ||
| Q3 24 | $23.4B | $13.7B | ||
| Q2 24 | $25.9B | $13.1B |
负债/权益比EXPETROW
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 4.65× | — | ||
| Q2 25 | 7.43× | — | ||
| Q1 25 | 5.79× | — | ||
| Q4 24 | 4.02× | — | ||
| Q3 24 | 4.74× | — | ||
| 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 | — | $-18.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-85.4M |
| 自由现金流率自由现金流/营收 | — | -4.4% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | — | -0.04× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流EXPETROW
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $-18.7M | ||
| Q3 25 | $-497.0M | $609.3M | ||
| Q2 25 | $1.1B | $529.9M | ||
| Q1 25 | $3.0B | $632.9M | ||
| Q4 24 | $198.0M | $-281.9M | ||
| Q3 24 | $-1.5B | $652.5M | ||
| Q2 24 | $1.5B | $677.7M |
自由现金流EXPETROW
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $-85.4M | ||
| Q3 25 | $-686.0M | $546.0M | ||
| Q2 25 | $921.0M | $467.7M | ||
| Q1 25 | $2.8B | $550.9M | ||
| Q4 24 | $7.0M | $-394.9M | ||
| Q3 24 | $-1.7B | $547.9M | ||
| Q2 24 | $1.3B | $574.4M |
自由现金流率EXPETROW
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -4.4% | ||
| Q3 25 | -15.5% | 28.8% | ||
| Q2 25 | 24.3% | 27.1% | ||
| Q1 25 | 92.2% | 31.2% | ||
| Q4 24 | 0.2% | -21.6% | ||
| Q3 24 | -41.6% | 30.7% | ||
| Q2 24 | 36.7% | 33.1% |
资本支出强度EXPETROW
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 3.4% | ||
| Q3 25 | 4.3% | 3.3% | ||
| Q2 25 | 5.3% | 3.6% | ||
| Q1 25 | 6.6% | 4.6% | ||
| Q4 24 | 6.0% | 6.2% | ||
| Q3 24 | 4.8% | 5.9% | ||
| Q2 24 | 5.5% | 6.0% |
现金转化率EXPETROW
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | -0.04× | ||
| Q3 25 | -0.52× | 0.94× | ||
| Q2 25 | 3.40× | 1.05× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | 0.66× | -0.64× | ||
| Q3 24 | -2.18× | 1.08× | ||
| Q2 24 | 3.89× | 1.40× |
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
TROW
| Asset Management1 | $1.7B | 90% |
| Administrative Distribution Servicing And Other Fee Revenue | $141.5M | 7% |
| Other | $40.8M | 2% |
| Performance Based Advisory Fees | $14.2M | 1% |
