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Global Business Travel Group, Inc.（GBTG）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Global Business Travel Group, Inc.的2.1倍（$1.6B vs $792.0M），Global Business Travel Group, Inc.净利率更高（10.5% vs 1.7%，领先8.8%），Global Business Travel Group, Inc.同比增速更快（34.0% vs 0.8%），过去两年Primo Brands Corp的营收复合增速更高（19.7% vs 13.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
GBTG vs PRMB — 直观对比
营收规模更大
PRMB
是对方的2.1倍
$792.0M
营收增速更快
GBTG
高出33.2%
0.8%
净利率更高
GBTG
高出8.8%
1.7%
两年增速更快
PRMB
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.6B |
| 净利润 | $83.0M | $27.3M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 3.7% | 8.5% |
| 净利率 | 10.5% | 1.7% |
| 营收同比 | 34.0% | 0.8% |
| 净利润同比 | 692.9% | -4.9% |
| 每股收益（稀释后） | $0.16 | $0.07 |
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GBTGPRMB
| Q1 26 | — | $1.6B | ||
| Q4 25 | $792.0M | $1.6B | ||
| Q3 25 | $674.0M | $1.8B | ||
| Q2 25 | $631.0M | $1.7B | ||
| Q1 25 | $621.0M | $1.6B | ||
| Q4 24 | $591.0M | — | ||
| Q3 24 | $597.0M | $0 | ||
| Q2 24 | $625.0M | $1.3B |
净利润GBTGPRMB
| Q1 26 | — | $27.3M | ||
| Q4 25 | $83.0M | $-13.0M | ||
| Q3 25 | $-62.0M | $16.8M | ||
| Q2 25 | $15.0M | $27.6M | ||
| Q1 25 | $75.0M | $28.7M | ||
| Q4 24 | $-14.0M | — | ||
| Q3 24 | $-128.0M | $-2.0K | ||
| Q2 24 | $27.0M | $54.5M |
毛利率GBTGPRMB
| Q1 26 | — | 28.6% | ||
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% |
营业利润率GBTGPRMB
| Q1 26 | — | 8.5% | ||
| Q4 25 | 3.7% | 1.2% | ||
| Q3 25 | 1.8% | 8.3% | ||
| Q2 25 | 5.4% | 6.5% | ||
| Q1 25 | 8.9% | 9.5% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 6.7% | 12.1% |
净利率GBTGPRMB
| Q1 26 | — | 1.7% | ||
| Q4 25 | 10.5% | -0.8% | ||
| Q3 25 | -9.2% | 1.0% | ||
| Q2 25 | 2.4% | 1.6% | ||
| Q1 25 | 12.1% | 1.8% | ||
| Q4 24 | -2.4% | — | ||
| Q3 24 | -21.4% | — | ||
| Q2 24 | 4.3% | 4.1% |
每股收益（稀释后）GBTGPRMB
| Q1 26 | — | $0.07 | ||
| Q4 25 | $0.16 | $-0.03 | ||
| Q3 25 | $-0.13 | $0.04 | ||
| Q2 25 | $0.03 | $0.07 | ||
| Q1 25 | $0.16 | $0.08 | ||
| Q4 24 | $-0.04 | — | ||
| Q3 24 | $-0.28 | $-20.00 | ||
| Q2 24 | $0.06 | $0.25 |
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 | $434.0M | — |
| 总债务越低越好 | $1.4B | $5.2B |
| 股东权益账面价值 | $1.6B | $3.0B |
| 总资产 | $4.9B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.88× | 1.74× |
8季度趋势，按日历期对齐
现金及短期投资GBTGPRMB
| Q1 26 | — | — | ||
| Q4 25 | $434.0M | $376.7M | ||
| Q3 25 | $427.0M | — | ||
| Q2 25 | $601.0M | — | ||
| Q1 25 | $552.0M | — | ||
| Q4 24 | $536.0M | — | ||
| Q3 24 | $524.0M | — | ||
| Q2 24 | $515.0M | — |
总债务GBTGPRMB
| Q1 26 | — | $5.2B | ||
| Q4 25 | $1.4B | $5.2B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $5.1B | ||
| Q1 25 | $1.4B | $5.0B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | — | — |
股东权益GBTGPRMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.6B | $3.0B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $-2.0K | ||
| Q2 24 | $1.2B | $-296.8M |
总资产GBTGPRMB
| Q1 26 | — | $10.6B | ||
| Q4 25 | $4.9B | $10.6B | ||
| Q3 25 | $4.8B | $11.0B | ||
| Q2 25 | $3.9B | $11.0B | ||
| Q1 25 | $3.8B | $11.0B | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.8B | $0 | ||
| Q2 24 | $3.8B | — |
负债/权益比GBTGPRMB
| Q1 26 | — | 1.74× | ||
| Q4 25 | 0.88× | 1.72× | ||
| Q3 25 | 0.91× | 1.61× | ||
| Q2 25 | 1.15× | 1.57× | ||
| Q1 25 | 1.23× | 1.51× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | — | — |
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 | $52.0M | $103.8M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | — |
| 自由现金流率自由现金流/营收 | 1.6% | — |
| 资本支出强度资本支出/营收 | 4.9% | 2.9% |
| 现金转化率经营现金流/净利润 | 0.63× | 3.80× |
| 过去12个月自由现金流最近4个季度 | $104.0M | — |
8季度趋势，按日历期对齐
经营现金流GBTGPRMB
| Q1 26 | — | $103.8M | ||
| Q4 25 | $52.0M | $203.1M | ||
| Q3 25 | $71.0M | $283.4M | ||
| Q2 25 | $57.0M | $155.0M | ||
| Q1 25 | $53.0M | $38.8M | ||
| Q4 24 | $65.0M | — | ||
| Q3 24 | $85.0M | $0 | ||
| Q2 24 | $73.0M | $102.5M |
自由现金流GBTGPRMB
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $57.3M | ||
| Q3 25 | $38.0M | $167.7M | ||
| Q2 25 | $27.0M | $101.1M | ||
| Q1 25 | $26.0M | $-23.2M | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $59.0M | — | ||
| Q2 24 | $49.0M | $61.4M |
自由现金流率GBTGPRMB
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 3.7% | ||
| Q3 25 | 5.6% | 9.5% | ||
| Q2 25 | 4.3% | 5.8% | ||
| Q1 25 | 4.2% | -1.4% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 7.8% | 4.7% |
资本支出强度GBTGPRMB
| Q1 26 | — | 2.9% | ||
| Q4 25 | 4.9% | 9.4% | ||
| Q3 25 | 4.9% | 6.6% | ||
| Q2 25 | 4.8% | 3.1% | ||
| Q1 25 | 4.3% | 3.8% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.8% | 3.1% |
现金转化率GBTGPRMB
| Q1 26 | — | 3.80× | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | — | 16.87× | ||
| Q2 25 | 3.80× | 5.62× | ||
| Q1 25 | 0.71× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | 1.88× |
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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
PRMB
| Regional spring water | $801.2M | 49% |
| Purified water | $511.2M | 31% |
| Other | $208.2M | 13% |
| Premium water | $105.5M | 6% |
