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谷歌（GOOGL）与SIRIUS XM HOLDINGS INC.（SIRI）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SIRIUS XM HOLDINGS INC.的51.9倍（$113.8B vs $2.2B）。谷歌净利率更高（30.3% vs 4.5%，领先25.8%）。谷歌同比增速更快（18.0% vs 0.2%）。谷歌自由现金流更多（$24.6B vs $536.0M）。过去两年谷歌的营收复合增速更高（18.9% vs 0.7%）
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。
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
GOOGL vs SIRI — 直观对比
营收规模更大
GOOGL
是对方的51.9倍
$2.2B
营收增速更快
GOOGL
高出17.8%
0.2%
净利率更高
GOOGL
高出25.8%
4.5%
自由现金流更多
GOOGL
多$24.0B
$536.0M
两年增速更快
GOOGL
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $2.2B |
| 净利润 | $34.5B | $99.0M |
| 毛利率 | 59.8% | 53.1% |
| 营业利润率 | 31.6% | 10.3% |
| 净利率 | 30.3% | 4.5% |
| 营收同比 | 18.0% | 0.2% |
| 净利润同比 | 29.8% | -55.4% |
| 每股收益（稀释后） | $2.82 | $0.23 |
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GOOGLSIRI
| Q4 25 | $113.8B | $2.2B | ||
| Q3 25 | $102.3B | $2.2B | ||
| Q2 25 | $96.4B | $2.1B | ||
| Q1 25 | $90.2B | $2.1B | ||
| Q4 24 | $96.5B | $2.2B | ||
| Q3 24 | $88.3B | $2.2B | ||
| Q2 24 | $84.7B | $2.2B | ||
| Q1 24 | $80.5B | $2.2B |
净利润GOOGLSIRI
| Q4 25 | $34.5B | $99.0M | ||
| Q3 25 | $35.0B | $297.0M | ||
| Q2 25 | $28.2B | $205.0M | ||
| Q1 25 | $34.5B | $204.0M | ||
| Q4 24 | $26.5B | $222.0M | ||
| Q3 24 | $26.3B | $-2.5B | ||
| Q2 24 | $23.6B | $304.0M | ||
| Q1 24 | $23.7B | $265.0M |
毛利率GOOGLSIRI
| Q4 25 | 59.8% | 53.1% | ||
| Q3 25 | 59.6% | 52.2% | ||
| Q2 25 | 59.5% | 52.4% | ||
| Q1 25 | 59.7% | 52.0% | ||
| Q4 24 | 57.9% | 52.9% | ||
| Q3 24 | 58.7% | 53.2% | ||
| Q2 24 | 58.1% | 53.5% | ||
| Q1 24 | 58.1% | 52.5% |
营业利润率GOOGLSIRI
| Q4 25 | 31.6% | 10.3% | ||
| Q3 25 | 30.5% | 22.8% | ||
| Q2 25 | 32.4% | 17.1% | ||
| Q1 25 | 33.9% | 18.7% | ||
| Q4 24 | 32.1% | 20.2% | ||
| Q3 24 | 32.3% | -133.6% | ||
| Q2 24 | 32.4% | 23.2% | ||
| Q1 24 | 31.6% | 20.2% |
净利率GOOGLSIRI
| Q4 25 | 30.3% | 4.5% | ||
| Q3 25 | 34.2% | 13.8% | ||
| Q2 25 | 29.2% | 9.6% | ||
| Q1 25 | 38.3% | 9.9% | ||
| Q4 24 | 27.5% | 10.1% | ||
| Q3 24 | 29.8% | -113.1% | ||
| Q2 24 | 27.9% | 14.0% | ||
| Q1 24 | 29.4% | 12.3% |
每股收益（稀释后）GOOGLSIRI
| Q4 25 | $2.82 | $0.23 | ||
| Q3 25 | $2.87 | $0.84 | ||
| Q2 25 | $2.31 | $0.57 | ||
| Q1 25 | $2.81 | $0.59 | ||
| Q4 24 | $2.14 | $2.45 | ||
| Q3 24 | $2.12 | $-8.74 | ||
| Q2 24 | $1.89 | $0.08 | ||
| Q1 24 | $1.89 | $0.07 |
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 | $94.0M |
| 总债务越低越好 | $49.1B | $8.6B |
| 股东权益账面价值 | $415.3B | $11.6B |
| 总资产 | $595.3B | $27.2B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLSIRI
| Q4 25 | $126.8B | $94.0M | ||
| Q3 25 | $98.5B | $79.0M | ||
| Q2 25 | $95.1B | $92.0M | ||
| Q1 25 | $95.3B | $127.0M | ||
| Q4 24 | $95.7B | $162.0M | ||
| Q3 24 | $93.2B | $127.0M | ||
| Q2 24 | $100.7B | $100.0M | ||
| Q1 24 | $108.1B | $71.0M |
总债务GOOGLSIRI
| Q4 25 | $49.1B | $8.6B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $10.1B | ||
| Q1 25 | $10.9B | $10.4B | ||
| Q4 24 | $10.9B | $10.3B | ||
| Q3 24 | $12.3B | $10.1B | ||
| Q2 24 | $13.2B | $9.0B | ||
| Q1 24 | $13.2B | $8.7B |
股东权益GOOGLSIRI
| Q4 25 | $415.3B | $11.6B | ||
| Q3 25 | $386.9B | $11.6B | ||
| Q2 25 | $362.9B | $11.3B | ||
| Q1 25 | $345.3B | $11.2B | ||
| Q4 24 | $325.1B | $11.1B | ||
| Q3 24 | $314.1B | $10.9B | ||
| Q2 24 | $300.8B | $-2.1B | ||
| Q1 24 | $292.8B | $-2.4B |
总资产GOOGLSIRI
| Q4 25 | $595.3B | $27.2B | ||
| Q3 25 | $536.5B | $27.4B | ||
| Q2 25 | $502.1B | $27.3B | ||
| Q1 25 | $475.4B | $27.4B | ||
| Q4 24 | $450.3B | $27.5B | ||
| Q3 24 | $430.3B | $27.5B | ||
| Q2 24 | $414.8B | $11.2B | ||
| Q1 24 | $407.4B | $11.2B |
负债/权益比GOOGLSIRI
| Q4 25 | 0.12× | 0.75× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | 0.03× | 0.93× | ||
| Q4 24 | 0.03× | 0.93× | ||
| Q3 24 | 0.04× | 0.93× | ||
| 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 | $680.0M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $536.0M |
| 自由现金流率自由现金流/营收 | 21.6% | 24.4% |
| 资本支出强度资本支出/营收 | 24.5% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.52× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $73.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流GOOGLSIRI
| Q4 25 | $52.4B | $680.0M | ||
| Q3 25 | $48.4B | $430.0M | ||
| Q2 25 | $27.7B | $546.0M | ||
| Q1 25 | $36.1B | $242.0M | ||
| Q4 24 | $39.1B | $679.0M | ||
| Q3 24 | $30.7B | $240.0M | ||
| Q2 24 | $26.6B | $514.0M | ||
| Q1 24 | $28.8B | $308.0M |
自由现金流GOOGLSIRI
| Q4 25 | $24.6B | $536.0M | ||
| Q3 25 | $24.5B | $255.0M | ||
| Q2 25 | $5.3B | $401.0M | ||
| Q1 25 | $19.0B | $53.0M | ||
| Q4 24 | $24.8B | $514.0M | ||
| Q3 24 | $17.6B | $24.0M | ||
| Q2 24 | $13.5B | $341.0M | ||
| Q1 24 | $16.8B | $134.0M |
自由现金流率GOOGLSIRI
| Q4 25 | 21.6% | 24.4% | ||
| Q3 25 | 23.9% | 11.8% | ||
| Q2 25 | 5.5% | 18.8% | ||
| Q1 25 | 21.0% | 2.6% | ||
| Q4 24 | 25.7% | 23.5% | ||
| Q3 24 | 20.0% | 1.1% | ||
| Q2 24 | 15.9% | 15.7% | ||
| Q1 24 | 20.9% | 6.2% |
资本支出强度GOOGLSIRI
| Q4 25 | 24.5% | 6.6% | ||
| Q3 25 | 23.4% | 8.1% | ||
| Q2 25 | 23.3% | 6.8% | ||
| Q1 25 | 19.1% | 9.1% | ||
| Q4 24 | 14.8% | 7.5% | ||
| Q3 24 | 14.8% | 9.9% | ||
| Q2 24 | 15.6% | 7.9% | ||
| Q1 24 | 14.9% | 8.0% |
现金转化率GOOGLSIRI
| Q4 25 | 1.52× | 6.87× | ||
| Q3 25 | 1.38× | 1.45× | ||
| Q2 25 | 0.98× | 2.66× | ||
| Q1 25 | 1.05× | 1.19× | ||
| Q4 24 | 1.47× | 3.06× | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.13× | 1.69× | ||
| Q1 24 | 1.22× | 1.16× |
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% |
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
