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谷歌（GOOGL）与学乐集团（SCHL）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学乐集团的206.5倍（$113.8B vs $551.1M）。谷歌净利率更高（30.3% vs 10.1%，领先20.1%）。谷歌同比增速更快（18.0% vs 1.2%）。过去两年学乐集团的营收复合增速更高（30.5% vs 18.9%）
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。
学乐集团是美国跨国出版教育传媒企业，面向学校、教师、家长、儿童及各类教育机构出版发行图书、漫画与各类教育素材。产品通过零售、线上渠道销售，同时还通过校园阅读俱乐部与书展进入校园，大红狗克利福德是集团的官方吉祥物。
GOOGL vs SCHL — 直观对比
营收规模更大
GOOGL
是对方的206.5倍
$551.1M
营收增速更快
GOOGL
高出16.8%
1.2%
净利率更高
GOOGL
高出20.1%
10.1%
两年增速更快
SCHL
近两年复合增速
18.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $551.1M |
| 净利润 | $34.5B | $55.9M |
| 毛利率 | 59.8% | 59.1% |
| 营业利润率 | 31.6% | 15.0% |
| 净利率 | 30.3% | 10.1% |
| 营收同比 | 18.0% | 1.2% |
| 净利润同比 | 29.8% | 14.5% |
| 每股收益（稀释后） | $2.82 | $2.17 |
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GOOGLSCHL
| Q4 25 | $113.8B | $551.1M | ||
| Q3 25 | $102.3B | $225.6M | ||
| Q2 25 | $96.4B | $508.3M | ||
| Q1 25 | $90.2B | $335.4M | ||
| Q4 24 | $96.5B | $544.6M | ||
| Q3 24 | $88.3B | $237.2M | ||
| Q2 24 | $84.7B | $474.9M | ||
| Q1 24 | $80.5B | $323.7M |
净利润GOOGLSCHL
| Q4 25 | $34.5B | $55.9M | ||
| Q3 25 | $35.0B | $-71.1M | ||
| Q2 25 | $28.2B | $15.4M | ||
| Q1 25 | $34.5B | $-3.6M | ||
| Q4 24 | $26.5B | $48.8M | ||
| Q3 24 | $26.3B | $-62.5M | ||
| Q2 24 | $23.6B | $35.9M | ||
| Q1 24 | $23.7B | $-26.5M |
毛利率GOOGLSCHL
| Q4 25 | 59.8% | 59.1% | ||
| Q3 25 | 59.6% | 45.3% | ||
| Q2 25 | 59.5% | 59.2% | ||
| Q1 25 | 59.7% | 53.9% | ||
| Q4 24 | 57.9% | 58.0% | ||
| Q3 24 | 58.7% | 45.9% | ||
| Q2 24 | 58.1% | 59.5% | ||
| Q1 24 | 58.1% | 54.1% |
营业利润率GOOGLSCHL
| Q4 25 | 31.6% | 15.0% | ||
| Q3 25 | 30.5% | -40.9% | ||
| Q2 25 | 32.4% | 10.5% | ||
| Q1 25 | 33.9% | -7.1% | ||
| Q4 24 | 32.1% | 13.7% | ||
| Q3 24 | 32.3% | -37.3% | ||
| Q2 24 | 32.4% | 9.9% | ||
| Q1 24 | 31.6% | -10.8% |
净利率GOOGLSCHL
| Q4 25 | 30.3% | 10.1% | ||
| Q3 25 | 34.2% | -31.5% | ||
| Q2 25 | 29.2% | 3.0% | ||
| Q1 25 | 38.3% | -1.1% | ||
| Q4 24 | 27.5% | 9.0% | ||
| Q3 24 | 29.8% | -26.3% | ||
| Q2 24 | 27.9% | 7.6% | ||
| Q1 24 | 29.4% | -8.2% |
每股收益（稀释后）GOOGLSCHL
| Q4 25 | $2.82 | $2.17 | ||
| Q3 25 | $2.87 | $-2.83 | ||
| Q2 25 | $2.31 | $0.56 | ||
| Q1 25 | $2.81 | $-0.13 | ||
| Q4 24 | $2.14 | $1.71 | ||
| Q3 24 | $2.12 | $-2.21 | ||
| Q2 24 | $1.89 | $1.21 | ||
| Q1 24 | $1.89 | $-0.91 |
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 | $99.3M |
| 总债务越低越好 | $49.1B | — |
| 股东权益账面价值 | $415.3B | $931.2M |
| 总资产 | $595.3B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资GOOGLSCHL
| Q4 25 | $126.8B | $99.3M | ||
| Q3 25 | $98.5B | $94.3M | ||
| Q2 25 | $95.1B | $124.0M | ||
| Q1 25 | $95.3B | $94.7M | ||
| Q4 24 | $95.7B | $139.6M | ||
| Q3 24 | $93.2B | $84.1M | ||
| Q2 24 | $100.7B | $113.7M | ||
| Q1 24 | $108.1B | $110.4M |
总债务GOOGLSCHL
| Q4 25 | $49.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $10.9B | — | ||
| Q4 24 | $10.9B | — | ||
| Q3 24 | $12.3B | $231.1M | ||
| Q2 24 | $13.2B | — | ||
| Q1 24 | $13.2B | — |
股东权益GOOGLSCHL
| Q4 25 | $415.3B | $931.2M | ||
| Q3 25 | $386.9B | $878.0M | ||
| Q2 25 | $362.9B | $946.5M | ||
| Q1 25 | $345.3B | $941.3M | ||
| Q4 24 | $325.1B | $986.0M | ||
| Q3 24 | $314.1B | $957.3M | ||
| Q2 24 | $300.8B | $1.0B | ||
| Q1 24 | $292.8B | $997.6M |
总资产GOOGLSCHL
| Q4 25 | $595.3B | $2.0B | ||
| Q3 25 | $536.5B | $2.0B | ||
| Q2 25 | $502.1B | $2.0B | ||
| Q1 25 | $475.4B | $2.0B | ||
| Q4 24 | $450.3B | $2.0B | ||
| Q3 24 | $430.3B | $2.0B | ||
| Q2 24 | $414.8B | $1.7B | ||
| Q1 24 | $407.4B | $1.7B |
负债/权益比GOOGLSCHL
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.04× | 0.24× | ||
| 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 | $73.2M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | — |
| 自由现金流率自由现金流/营收 | 21.6% | — |
| 资本支出强度资本支出/营收 | 24.5% | — |
| 现金转化率经营现金流/净利润 | 1.52× | 1.31× |
| 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GOOGLSCHL
| Q4 25 | $52.4B | $73.2M | ||
| Q3 25 | $48.4B | $-81.8M | ||
| Q2 25 | $27.7B | $106.9M | ||
| Q1 25 | $36.1B | $-12.0M | ||
| Q4 24 | $39.1B | $71.2M | ||
| Q3 24 | $30.7B | $-41.9M | ||
| Q2 24 | $26.6B | $69.9M | ||
| Q1 24 | $28.8B | $13.1M |
自由现金流GOOGLSCHL
| Q4 25 | $24.6B | — | ||
| Q3 25 | $24.5B | — | ||
| Q2 25 | $5.3B | — | ||
| 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GOOGLSCHL
| Q4 25 | 21.6% | — | ||
| Q3 25 | 23.9% | — | ||
| Q2 25 | 5.5% | — | ||
| 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GOOGLSCHL
| Q4 25 | 24.5% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 23.3% | — | ||
| 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GOOGLSCHL
| Q4 25 | 1.52× | 1.31× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.98× | 6.94× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 1.46× | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.13× | 1.95× | ||
| 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% |
SCHL
| Book Fairs | $242.0M | 44% |
| Trade US | $102.9M | 19% |
| Major Markets | $78.3M | 14% |
| Education Solutions | $62.2M | 11% |
| Book Clubs | $28.5M | 5% |
| Entertainment International | $13.5M | 2% |
| Other Markets | $11.2M | 2% |
| Trade International | $7.5M | 1% |
| Entertainment U.S. | $1.6M | 0% |
