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Global Business Travel Group, Inc.（GBTG）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Global Business Travel Group, Inc.的1.8倍（$1.4B vs $792.0M），瑞思迈净利率更高（27.6% vs 10.5%，领先17.1%），Global Business Travel Group, Inc.同比增速更快（34.0% vs 11.0%），过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs 7.8%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
GBTG vs RMD — 直观对比
营收规模更大
RMD
是对方的1.8倍
$792.0M
营收增速更快
GBTG
高出23.0%
11.0%
净利率更高
RMD
高出17.1%
10.5%
两年增速更快
GBTG
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.4B |
| 净利润 | $83.0M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 3.7% | 34.6% |
| 净利率 | 10.5% | 27.6% |
| 营收同比 | 34.0% | 11.0% |
| 净利润同比 | 692.9% | 13.9% |
| 每股收益（稀释后） | $0.16 | $2.68 |
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GBTGRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $792.0M | $1.4B | ||
| Q3 25 | $674.0M | $1.3B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $621.0M | $1.3B | ||
| Q4 24 | $591.0M | $1.3B | ||
| Q3 24 | $597.0M | $1.2B |
净利润GBTGRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | — | $398.7M | ||
| Q4 25 | $83.0M | $392.6M | ||
| Q3 25 | $-62.0M | $348.5M | ||
| Q2 25 | $15.0M | $379.7M | ||
| Q1 25 | $75.0M | $365.0M | ||
| Q4 24 | $-14.0M | $344.6M | ||
| Q3 24 | $-128.0M | $311.4M |
毛利率GBTGRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | 62.2% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% |
营业利润率GBTGRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | — | 34.9% | ||
| Q4 25 | 3.7% | 34.6% | ||
| Q3 25 | 1.8% | 33.4% | ||
| Q2 25 | 5.4% | 33.7% | ||
| Q1 25 | 8.9% | 33.0% | ||
| Q4 24 | 5.1% | 32.5% | ||
| Q3 24 | 4.5% | 31.6% |
净利率GBTGRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | — | 27.9% | ||
| Q4 25 | 10.5% | 27.6% | ||
| Q3 25 | -9.2% | 26.1% | ||
| Q2 25 | 2.4% | 28.2% | ||
| Q1 25 | 12.1% | 28.3% | ||
| Q4 24 | -2.4% | 26.9% | ||
| Q3 24 | -21.4% | 25.4% |
每股收益（稀释后）GBTGRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | $2.74 | ||
| Q4 25 | $0.16 | $2.68 | ||
| Q3 25 | $-0.13 | $2.37 | ||
| Q2 25 | $0.03 | $2.58 | ||
| Q1 25 | $0.16 | $2.48 | ||
| Q4 24 | $-0.04 | $2.34 | ||
| Q3 24 | $-0.28 | $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 | $434.0M | $1.4B |
| 总债务越低越好 | $1.4B | $663.8M |
| 股东权益账面价值 | $1.6B | $6.3B |
| 总资产 | $4.9B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.88× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资GBTGRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $434.0M | $1.4B | ||
| Q3 25 | $427.0M | $1.4B | ||
| Q2 25 | $601.0M | $1.2B | ||
| Q1 25 | $552.0M | $932.7M | ||
| Q4 24 | $536.0M | $521.9M | ||
| Q3 24 | $524.0M | $426.4M |
总债务GBTGRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | $1.4B | $403.9M | ||
| Q3 25 | $1.4B | $408.7M | ||
| Q2 25 | $1.4B | $658.4M | ||
| Q1 25 | $1.4B | $663.1M | ||
| Q4 24 | $1.4B | $662.9M | ||
| Q3 24 | $1.4B | $667.6M |
股东权益GBTGRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $1.6B | $6.3B | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.2B | $6.0B | ||
| Q1 25 | $1.1B | $5.5B | ||
| Q4 24 | $1.1B | $5.3B | ||
| Q3 24 | $1.1B | $5.2B |
总资产GBTGRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | $8.8B | ||
| Q4 25 | $4.9B | $8.5B | ||
| Q3 25 | $4.8B | $8.3B | ||
| Q2 25 | $3.9B | $8.2B | ||
| Q1 25 | $3.8B | $7.6B | ||
| Q4 24 | $3.6B | $7.1B | ||
| Q3 24 | $3.8B | $7.2B |
负债/权益比GBTGRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | 0.88× | 0.06× | ||
| Q3 25 | 0.91× | 0.07× | ||
| Q2 25 | 1.15× | 0.11× | ||
| Q1 25 | 1.23× | 0.12× | ||
| Q4 24 | 1.32× | 0.13× | ||
| Q3 24 | 1.26× | 0.13× |
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 | — |
| 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% | — |
| 现金转化率经营现金流/净利润 | 0.63× | — |
| 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GBTGRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $52.0M | $339.7M | ||
| Q3 25 | $71.0M | $457.3M | ||
| Q2 25 | $57.0M | $538.8M | ||
| Q1 25 | $53.0M | $578.7M | ||
| Q4 24 | $65.0M | $308.6M | ||
| Q3 24 | $85.0M | $325.5M |
自由现金流GBTGRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $13.0M | $311.2M | ||
| Q3 25 | $38.0M | $414.4M | ||
| Q2 25 | $27.0M | $508.2M | ||
| Q1 25 | $26.0M | $557.9M | ||
| Q4 24 | $33.0M | $288.0M | ||
| Q3 24 | $59.0M | $307.7M |
自由现金流率GBTGRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 21.9% | ||
| Q3 25 | 5.6% | 31.0% | ||
| Q2 25 | 4.3% | 37.7% | ||
| Q1 25 | 4.2% | 43.2% | ||
| Q4 24 | 5.6% | 22.5% | ||
| Q3 24 | 9.9% | 25.1% |
资本支出强度GBTGRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.0% | ||
| Q3 25 | 4.9% | 3.2% | ||
| Q2 25 | 4.8% | 2.3% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 5.4% | 1.6% | ||
| Q3 24 | 4.4% | 1.5% |
现金转化率GBTGRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | 3.80× | 1.42× | ||
| Q1 25 | 0.71× | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 1.05× |
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% |
RMD
暂无分部数据
