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Global Business Travel Group, Inc.（GBTG）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Global Business Travel Group, Inc.的1.6倍（$1.2B vs $792.0M），Global Business Travel Group, Inc.净利率更高（10.5% vs -2.2%，领先12.7%），Global Business Travel Group, Inc.同比增速更快（34.0% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $13.0M），过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs 13.6%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
GBTG vs ROKU — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.2B |
| 净利润 | $83.0M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 3.7% | 59.7% |
| 净利率 | 10.5% | -2.2% |
| 营收同比 | 34.0% | -18.3% |
| 净利润同比 | 692.9% | -361.0% |
| 每股收益（稀释后） | $0.16 | $0.57 |
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
| Q1 26 | — | $1.2B | ||
| Q4 25 | $792.0M | $1.4B | ||
| Q3 25 | $674.0M | $1.2B | ||
| Q2 25 | $631.0M | $1.1B | ||
| Q1 25 | $621.0M | $1.0B | ||
| Q4 24 | $591.0M | $1.2B | ||
| Q3 24 | $597.0M | $1.1B | ||
| Q2 24 | $625.0M | $968.2M |
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $83.0M | $80.5M | ||
| Q3 25 | $-62.0M | $24.8M | ||
| Q2 25 | $15.0M | $10.5M | ||
| Q1 25 | $75.0M | $-27.4M | ||
| Q4 24 | $-14.0M | $-35.5M | ||
| Q3 24 | $-128.0M | $-9.0M | ||
| Q2 24 | $27.0M | $-34.0M |
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 3.7% | 4.7% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 5.4% | -2.1% | ||
| Q1 25 | 8.9% | -5.7% | ||
| Q4 24 | 5.1% | -3.3% | ||
| Q3 24 | 4.5% | -3.4% | ||
| Q2 24 | 6.7% | -7.4% |
| Q1 26 | — | -2.2% | ||
| Q4 25 | 10.5% | 5.8% | ||
| Q3 25 | -9.2% | 2.0% | ||
| Q2 25 | 2.4% | 0.9% | ||
| Q1 25 | 12.1% | -2.7% | ||
| Q4 24 | -2.4% | -3.0% | ||
| Q3 24 | -21.4% | -0.9% | ||
| Q2 24 | 4.3% | -3.5% |
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.16 | $0.55 | ||
| Q3 25 | $-0.13 | $0.16 | ||
| Q2 25 | $0.03 | $0.07 | ||
| Q1 25 | $0.16 | $-0.19 | ||
| Q4 24 | $-0.04 | $-0.24 | ||
| Q3 24 | $-0.28 | $-0.06 | ||
| Q2 24 | $0.06 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.6B | $2.7B |
| 总资产 | $4.9B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $2.4B | ||
| Q4 25 | $434.0M | $2.3B | ||
| Q3 25 | $427.0M | $2.3B | ||
| Q2 25 | $601.0M | $2.3B | ||
| Q1 25 | $552.0M | $2.3B | ||
| Q4 24 | $536.0M | $2.2B | ||
| Q3 24 | $524.0M | $2.1B | ||
| Q2 24 | $515.0M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.6B | $2.7B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $1.1B | $2.5B | ||
| Q2 24 | $1.2B | $2.4B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $4.8B | $4.4B | ||
| Q2 25 | $3.9B | $4.3B | ||
| Q1 25 | $3.8B | $4.2B | ||
| Q4 24 | $3.6B | $4.3B | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $3.8B | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| 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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $298.4M |
| 自由现金流率自由现金流/营收 | 1.6% | 23.9% |
| 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 | $640.0M |
8季度趋势，按日历期对齐
| Q1 26 | — | $199.1M | ||
| Q4 25 | $52.0M | $107.7M | ||
| Q3 25 | $71.0M | $127.6M | ||
| Q2 25 | $57.0M | $109.7M | ||
| Q1 25 | $53.0M | $138.7M | ||
| Q4 24 | $65.0M | $79.3M | ||
| Q3 24 | $85.0M | $68.7M | ||
| Q2 24 | $73.0M | $23.4M |
| Q1 26 | — | $298.4M | ||
| Q4 25 | $13.0M | $106.6M | ||
| Q3 25 | $38.0M | $126.5M | ||
| Q2 25 | $27.0M | $108.6M | ||
| Q1 25 | $26.0M | $136.8M | ||
| Q4 24 | $33.0M | $76.8M | ||
| Q3 24 | $59.0M | $67.6M | ||
| Q2 24 | $49.0M | $22.5M |
| Q1 26 | — | 23.9% | ||
| Q4 25 | 1.6% | 7.6% | ||
| Q3 25 | 5.6% | 10.4% | ||
| Q2 25 | 4.3% | 9.8% | ||
| Q1 25 | 4.2% | 13.4% | ||
| Q4 24 | 5.6% | 6.4% | ||
| Q3 24 | 9.9% | 6.4% | ||
| Q2 24 | 7.8% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 0.1% | ||
| Q3 25 | 4.9% | 0.1% | ||
| Q2 25 | 4.8% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 5.4% | 0.2% | ||
| Q3 24 | 4.4% | 0.1% | ||
| Q2 24 | 3.8% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | 3.80× | 10.45× | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.70× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
