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亿客行集团（EXPE）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是亿客行集团的1.4倍（$4.8B vs $3.5B），亿客行集团净利率更高（5.8% vs 4.8%，领先0.9%），Vistra Corp.同比增速更快（31.2% vs 18.7%），过去两年Vistra Corp.的营收复合增速更高（23.3% 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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
EXPE vs VST — 直观对比
营收规模更大
VST
是对方的1.4倍
$3.5B
营收增速更快
VST
高出12.5%
18.7%
净利率更高
EXPE
高出0.9%
4.8%
两年增速更快
VST
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.8B |
| 净利润 | $205.0M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.8% | 9.9% |
| 净利率 | 5.8% | 4.8% |
| 营收同比 | 18.7% | 31.2% |
| 净利润同比 | 202.5% | -47.2% |
| 每股收益（稀释后） | $1.56 | $0.55 |
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EXPEVST
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.8B | ||
| Q3 25 | $4.4B | $4.8B | ||
| Q2 25 | $3.8B | $3.8B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $3.2B | $3.7B | ||
| Q3 24 | $4.1B | $4.3B | ||
| Q2 24 | $3.6B | $3.6B |
净利润EXPEVST
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $233.0M | ||
| Q3 25 | $959.0M | $652.0M | ||
| Q2 25 | $330.0M | $327.0M | ||
| Q1 25 | $-200.0M | $-268.0M | ||
| Q4 24 | $299.0M | $441.0M | ||
| Q3 24 | $684.0M | $1.9B | ||
| Q2 24 | $386.0M | $365.0M |
营业利润率EXPEVST
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | 9.9% | ||
| Q3 25 | 23.5% | 21.7% | ||
| Q2 25 | 12.8% | 13.7% | ||
| Q1 25 | -2.3% | -2.8% | ||
| Q4 24 | 6.8% | 16.4% | ||
| Q3 24 | 18.8% | 59.6% | ||
| Q2 24 | 12.7% | 22.5% |
净利率EXPEVST
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 4.8% | ||
| Q3 25 | 21.7% | 13.6% | ||
| Q2 25 | 8.7% | 8.7% | ||
| Q1 25 | -6.7% | -6.3% | ||
| Q4 24 | 9.4% | 12.0% | ||
| Q3 24 | 16.8% | 43.5% | ||
| Q2 24 | 10.8% | 10.1% |
每股收益（稀释后）EXPEVST
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $0.55 | ||
| Q3 25 | $7.33 | $1.75 | ||
| Q2 25 | $2.48 | $0.81 | ||
| Q1 25 | $-1.56 | $-0.93 | ||
| Q4 24 | $2.10 | $1.09 | ||
| Q3 24 | $5.04 | $5.25 | ||
| Q2 24 | $2.80 | $0.90 |
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 | $785.0M |
| 总债务越低越好 | $6.2B | $15.8B |
| 股东权益账面价值 | $1.3B | $5.1B |
| 总资产 | $24.5B | $41.5B |
| 负债/权益比越低杠杆越低 | 4.80× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资EXPEVST
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $785.0M | ||
| Q3 25 | $6.2B | $602.0M | ||
| Q2 25 | $6.7B | $458.0M | ||
| Q1 25 | $6.1B | $561.0M | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.9B | $905.0M | ||
| Q2 24 | $6.3B | $1.6B |
总债务EXPEVST
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | $15.8B | ||
| Q3 25 | $6.2B | $15.8B | ||
| Q2 25 | $6.2B | $15.5B | ||
| Q1 25 | $6.2B | $15.4B | ||
| Q4 24 | $6.3B | $15.4B | ||
| Q3 24 | $6.3B | $13.9B | ||
| Q2 24 | $6.3B | $13.9B |
股东权益EXPEVST
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.2B | ||
| Q2 25 | $836.0M | $4.8B | ||
| Q1 25 | $1.1B | $4.8B | ||
| Q4 24 | $1.6B | $5.6B | ||
| Q3 24 | $1.3B | $5.4B | ||
| Q2 24 | $889.0M | $5.6B |
总资产EXPEVST
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $41.5B | ||
| Q3 25 | $25.1B | $38.0B | ||
| Q2 25 | $27.0B | $38.1B | ||
| Q1 25 | $26.1B | $38.2B | ||
| Q4 24 | $22.4B | $37.8B | ||
| Q3 24 | $23.4B | $37.9B | ||
| Q2 24 | $25.9B | $39.1B |
负债/权益比EXPEVST
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | 3.11× | ||
| Q3 25 | 4.65× | 3.02× | ||
| Q2 25 | 7.43× | 3.22× | ||
| Q1 25 | 5.79× | 3.20× | ||
| Q4 24 | 4.02× | 2.77× | ||
| Q3 24 | 4.74× | 2.56× | ||
| Q2 24 | 7.04× | 2.49× |
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 | — | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $596.0M |
| 自由现金流率自由现金流/营收 | — | 12.4% |
| 资本支出强度资本支出/营收 | — | 17.4% |
| 现金转化率经营现金流/净利润 | — | 6.15× |
| 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EXPEVST
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $1.4B | ||
| Q3 25 | $-497.0M | $1.5B | ||
| Q2 25 | $1.1B | $572.0M | ||
| Q1 25 | $3.0B | $599.0M | ||
| Q4 24 | $198.0M | $1.4B | ||
| Q3 24 | $-1.5B | $1.7B | ||
| Q2 24 | $1.5B | $1.2B |
自由现金流EXPEVST
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $596.0M | ||
| Q3 25 | $-686.0M | $1.0B | ||
| Q2 25 | $921.0M | $-118.0M | ||
| Q1 25 | $2.8B | $-169.0M | ||
| Q4 24 | $7.0M | $923.0M | ||
| Q3 24 | $-1.7B | $1.0B | ||
| Q2 24 | $1.3B | $698.0M |
自由现金流率EXPEVST
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 12.4% | ||
| Q3 25 | -15.5% | 21.1% | ||
| Q2 25 | 24.3% | -3.1% | ||
| Q1 25 | 92.2% | -4.0% | ||
| Q4 24 | 0.2% | 25.2% | ||
| Q3 24 | -41.6% | 23.4% | ||
| Q2 24 | 36.7% | 19.4% |
资本支出强度EXPEVST
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 17.4% | ||
| Q3 25 | 4.3% | 9.6% | ||
| Q2 25 | 5.3% | 18.4% | ||
| Q1 25 | 6.6% | 18.1% | ||
| Q4 24 | 6.0% | 11.7% | ||
| Q3 24 | 4.8% | 15.8% | ||
| Q2 24 | 5.5% | 13.8% |
现金转化率EXPEVST
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 6.15× | ||
| Q3 25 | -0.52× | 2.25× | ||
| Q2 25 | 3.40× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | 3.07× | ||
| Q3 24 | -2.18× | 0.90× | ||
| Q2 24 | 3.89× | 3.28× |
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
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
