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谷歌（GOOGL）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
谷歌的季度营收约是麦格劳希尔的262.2倍（$113.8B vs $434.2M）。谷歌净利率更高（30.3% vs -4.7%，领先34.9%）。谷歌同比增速更快（18.0% vs -35.1%）。谷歌自由现金流更多（$24.6B vs $285.4M）
Alphabet Inc.是谷歌的母公司，业务覆盖美洲、欧洲、亚太、中东、非洲等全球主要区域，下设谷歌服务、谷歌云、创新投项三大业务板块。谷歌服务板块涵盖广告、安卓系统、Chrome、硬件、搜索、YouTube、邮箱、云盘、地图等多款产品，同时提供应用及数字内容售卖相关服务。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
GOOGL vs MH — 直观对比
营收规模更大
GOOGL
是对方的262.2倍
$434.2M
营收增速更快
GOOGL
高出53.1%
-35.1%
净利率更高
GOOGL
高出34.9%
-4.7%
自由现金流更多
GOOGL
多$24.3B
$285.4M
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $434.2M |
| 净利润 | $34.5B | $-20.2M |
| 毛利率 | 59.8% | 85.3% |
| 营业利润率 | 31.6% | 7.0% |
| 净利率 | 30.3% | -4.7% |
| 营收同比 | 18.0% | -35.1% |
| 净利润同比 | 29.8% | -119.2% |
| 每股收益（稀释后） | $2.82 | $-0.11 |
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GOOGLMH
| Q4 25 | $113.8B | $434.2M | ||
| Q3 25 | $102.3B | $669.2M | ||
| Q2 25 | $96.4B | $535.7M | ||
| Q1 25 | $90.2B | — | ||
| Q4 24 | $96.5B | — | ||
| Q3 24 | $88.3B | — | ||
| Q2 24 | $84.7B | — | ||
| Q1 24 | $80.5B | — |
净利润GOOGLMH
| Q4 25 | $34.5B | $-20.2M | ||
| Q3 25 | $35.0B | $105.3M | ||
| Q2 25 | $28.2B | $502.0K | ||
| Q1 25 | $34.5B | — | ||
| Q4 24 | $26.5B | — | ||
| Q3 24 | $26.3B | — | ||
| Q2 24 | $23.6B | — | ||
| Q1 24 | $23.7B | — |
毛利率GOOGLMH
| Q4 25 | 59.8% | 85.3% | ||
| Q3 25 | 59.6% | 79.2% | ||
| Q2 25 | 59.5% | 77.0% | ||
| Q1 25 | 59.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 58.7% | — | ||
| Q2 24 | 58.1% | — | ||
| Q1 24 | 58.1% | — |
营业利润率GOOGLMH
| Q4 25 | 31.6% | 7.0% | ||
| Q3 25 | 30.5% | 23.4% | ||
| Q2 25 | 32.4% | 18.0% | ||
| Q1 25 | 33.9% | — | ||
| Q4 24 | 32.1% | — | ||
| Q3 24 | 32.3% | — | ||
| Q2 24 | 32.4% | — | ||
| Q1 24 | 31.6% | — |
净利率GOOGLMH
| Q4 25 | 30.3% | -4.7% | ||
| Q3 25 | 34.2% | 15.7% | ||
| Q2 25 | 29.2% | 0.1% | ||
| Q1 25 | 38.3% | — | ||
| Q4 24 | 27.5% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 29.4% | — |
每股收益（稀释后）GOOGLMH
| Q4 25 | $2.82 | $-0.11 | ||
| Q3 25 | $2.87 | $0.57 | ||
| Q2 25 | $2.31 | $0.00 | ||
| Q1 25 | $2.81 | — | ||
| Q4 24 | $2.14 | — | ||
| Q3 24 | $2.12 | — | ||
| Q2 24 | $1.89 | — | ||
| Q1 24 | $1.89 | — |
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 | $126.8B | $514.4M |
| 总债务越低越好 | $49.1B | $2.6B |
| 股东权益账面价值 | $415.3B | $775.3M |
| 总资产 | $595.3B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.12× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLMH
| Q4 25 | $126.8B | $514.4M | ||
| Q3 25 | $98.5B | $463.2M | ||
| Q2 25 | $95.1B | $247.3M | ||
| Q1 25 | $95.3B | — | ||
| Q4 24 | $95.7B | — | ||
| Q3 24 | $93.2B | — | ||
| Q2 24 | $100.7B | — | ||
| Q1 24 | $108.1B | — |
总债务GOOGLMH
| Q4 25 | $49.1B | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | $10.9B | — | ||
| Q4 24 | $10.9B | — | ||
| Q3 24 | $12.3B | — | ||
| Q2 24 | $13.2B | — | ||
| Q1 24 | $13.2B | — |
股东权益GOOGLMH
| Q4 25 | $415.3B | $775.3M | ||
| Q3 25 | $386.9B | $794.6M | ||
| Q2 25 | $362.9B | $283.3M | ||
| Q1 25 | $345.3B | — | ||
| Q4 24 | $325.1B | — | ||
| Q3 24 | $314.1B | — | ||
| Q2 24 | $300.8B | — | ||
| Q1 24 | $292.8B | — |
总资产GOOGLMH
| Q4 25 | $595.3B | $5.6B | ||
| Q3 25 | $536.5B | $6.0B | ||
| Q2 25 | $502.1B | $5.7B | ||
| Q1 25 | $475.4B | — | ||
| Q4 24 | $450.3B | — | ||
| Q3 24 | $430.3B | — | ||
| Q2 24 | $414.8B | — | ||
| Q1 24 | $407.4B | — |
负债/权益比GOOGLMH
| Q4 25 | 0.12× | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.05× | — |
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 | $52.4B | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $285.4M |
| 自由现金流率自由现金流/营收 | 21.6% | 65.7% |
| 资本支出强度资本支出/营收 | 24.5% | 5.4% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $73.3B | — |
8季度趋势，按日历期对齐
经营现金流GOOGLMH
| Q4 25 | $52.4B | $309.0M | ||
| Q3 25 | $48.4B | $265.0M | ||
| Q2 25 | $27.7B | $-96.7M | ||
| Q1 25 | $36.1B | — | ||
| Q4 24 | $39.1B | — | ||
| Q3 24 | $30.7B | — | ||
| Q2 24 | $26.6B | — | ||
| Q1 24 | $28.8B | — |
自由现金流GOOGLMH
| Q4 25 | $24.6B | $285.4M | ||
| Q3 25 | $24.5B | $243.8M | ||
| Q2 25 | $5.3B | $-112.9M | ||
| Q1 25 | $19.0B | — | ||
| Q4 24 | $24.8B | — | ||
| Q3 24 | $17.6B | — | ||
| Q2 24 | $13.5B | — | ||
| Q1 24 | $16.8B | — |
自由现金流率GOOGLMH
| Q4 25 | 21.6% | 65.7% | ||
| Q3 25 | 23.9% | 36.4% | ||
| Q2 25 | 5.5% | -21.1% | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 15.9% | — | ||
| Q1 24 | 20.9% | — |
资本支出强度GOOGLMH
| Q4 25 | 24.5% | 5.4% | ||
| Q3 25 | 23.4% | 3.2% | ||
| Q2 25 | 23.3% | 3.0% | ||
| Q1 25 | 19.1% | — | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 15.6% | — | ||
| Q1 24 | 14.9% | — |
现金转化率GOOGLMH
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.38× | 2.52× | ||
| Q2 25 | 0.98× | -192.53× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.22× | — |
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
GOOGL
| Google Search | $63.1B | 55% |
| Google Cloud | $17.7B | 16% |
| Subscriptions & Devices | $13.6B | 12% |
| YouTube | $11.4B | 10% |
| Google Network | $7.8B | 7% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
