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谷歌（GOOGL）与今日美国公司（TDAY）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今日美国公司的194.6倍（$113.8B vs $585.0M）。谷歌净利率更高（30.3% vs -5.1%，领先35.4%）。谷歌同比增速更快（18.0% vs -5.8%）。谷歌自由现金流更多（$24.6B vs $30.8M）。过去两年谷歌的营收复合增速更高（18.9% vs -4.1%）
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。
今日美国公司（原甘尼特）是总部位于纽约的美国传媒控股集团，按每日总发行量计算，它是美国规模最大的报业出版商，旗下拥有众多知名纸媒与数字媒体资产。
GOOGL vs TDAY — 直观对比
营收规模更大
GOOGL
是对方的194.6倍
$585.0M
营收增速更快
GOOGL
高出23.8%
-5.8%
净利率更高
GOOGL
高出35.4%
-5.1%
自由现金流更多
GOOGL
多$24.5B
$30.8M
两年增速更快
GOOGL
近两年复合增速
-4.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $585.0M |
| 净利润 | $34.5B | $-30.1M |
| 毛利率 | 59.8% | 41.5% |
| 营业利润率 | 31.6% | 7.4% |
| 净利率 | 30.3% | -5.1% |
| 营收同比 | 18.0% | -5.8% |
| 净利润同比 | 29.8% | -146.7% |
| 每股收益（稀释后） | $2.82 | $-0.09 |
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GOOGLTDAY
| Q4 25 | $113.8B | $585.0M | ||
| Q3 25 | $102.3B | $560.8M | ||
| Q2 25 | $96.4B | $584.9M | ||
| Q1 25 | $90.2B | $571.6M | ||
| Q4 24 | $96.5B | $621.3M | ||
| Q3 24 | $88.3B | $612.4M | ||
| Q2 24 | $84.7B | $639.8M | ||
| Q1 24 | $80.5B | $635.8M |
净利润GOOGLTDAY
| Q4 25 | $34.5B | $-30.1M | ||
| Q3 25 | $35.0B | $-39.2M | ||
| Q2 25 | $28.2B | $78.4M | ||
| Q1 25 | $34.5B | $-7.3M | ||
| Q4 24 | $26.5B | $64.3M | ||
| Q3 24 | $26.3B | $-19.7M | ||
| Q2 24 | $23.6B | $13.7M | ||
| Q1 24 | $23.7B | $-84.8M |
毛利率GOOGLTDAY
| Q4 25 | 59.8% | 41.5% | ||
| Q3 25 | 59.6% | 37.2% | ||
| Q2 25 | 59.5% | 38.5% | ||
| Q1 25 | 59.7% | 37.6% | ||
| Q4 24 | 57.9% | 39.5% | ||
| Q3 24 | 58.7% | 38.6% | ||
| Q2 24 | 58.1% | 38.8% | ||
| Q1 24 | 58.1% | 36.7% |
营业利润率GOOGLTDAY
| Q4 25 | 31.6% | 7.4% | ||
| Q3 25 | 30.5% | -3.9% | ||
| Q2 25 | 32.4% | -1.6% | ||
| Q1 25 | 33.9% | 1.7% | ||
| Q4 24 | 32.1% | 1.0% | ||
| Q3 24 | 32.3% | -1.0% | ||
| Q2 24 | 32.4% | 1.1% | ||
| Q1 24 | 31.6% | -7.8% |
净利率GOOGLTDAY
| Q4 25 | 30.3% | -5.1% | ||
| Q3 25 | 34.2% | -7.0% | ||
| Q2 25 | 29.2% | 13.4% | ||
| Q1 25 | 38.3% | -1.3% | ||
| Q4 24 | 27.5% | 10.4% | ||
| Q3 24 | 29.8% | -3.2% | ||
| Q2 24 | 27.9% | 2.1% | ||
| Q1 24 | 29.4% | -13.3% |
每股收益（稀释后）GOOGLTDAY
| Q4 25 | $2.82 | $-0.09 | ||
| Q3 25 | $2.87 | $-0.27 | ||
| Q2 25 | $2.31 | $0.42 | ||
| Q1 25 | $2.81 | $-0.05 | ||
| Q4 24 | $2.14 | $0.47 | ||
| Q3 24 | $2.12 | $-0.14 | ||
| Q2 24 | $1.89 | $0.09 | ||
| Q1 24 | $1.89 | $-0.60 |
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 | $90.2M |
| 总债务越低越好 | $49.1B | $954.2M |
| 股东权益账面价值 | $415.3B | $155.1M |
| 总资产 | $595.3B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.12× | 6.15× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLTDAY
| Q4 25 | $126.8B | $90.2M | ||
| Q3 25 | $98.5B | $75.2M | ||
| Q2 25 | $95.1B | $88.5M | ||
| Q1 25 | $95.3B | $85.9M | ||
| Q4 24 | $95.7B | $106.3M | ||
| Q3 24 | $93.2B | $101.8M | ||
| Q2 24 | $100.7B | $98.9M | ||
| Q1 24 | $108.1B | $93.3M |
总债务GOOGLTDAY
| Q4 25 | $49.1B | $954.2M | ||
| Q3 25 | — | $971.8M | ||
| Q2 25 | — | $988.9M | ||
| Q1 25 | $10.9B | $1.0B | ||
| Q4 24 | $10.9B | $1.1B | ||
| Q3 24 | $12.3B | $992.1M | ||
| Q2 24 | $13.2B | $1.0B | ||
| Q1 24 | $13.2B | $1.0B |
股东权益GOOGLTDAY
| Q4 25 | $415.3B | $155.1M | ||
| Q3 25 | $386.9B | $194.0M | ||
| Q2 25 | $362.9B | $237.1M | ||
| Q1 25 | $345.3B | $150.1M | ||
| Q4 24 | $325.1B | $153.1M | ||
| Q3 24 | $314.1B | $240.5M | ||
| Q2 24 | $300.8B | $249.8M | ||
| Q1 24 | $292.8B | $233.5M |
总资产GOOGLTDAY
| Q4 25 | $595.3B | $1.8B | ||
| Q3 25 | $536.5B | $1.9B | ||
| Q2 25 | $502.1B | $2.0B | ||
| Q1 25 | $475.4B | $2.0B | ||
| Q4 24 | $450.3B | $2.0B | ||
| Q3 24 | $430.3B | $2.1B | ||
| Q2 24 | $414.8B | $2.1B | ||
| Q1 24 | $407.4B | $2.1B |
负债/权益比GOOGLTDAY
| Q4 25 | 0.12× | 6.15× | ||
| Q3 25 | — | 5.01× | ||
| Q2 25 | — | 4.17× | ||
| Q1 25 | 0.03× | 6.71× | ||
| Q4 24 | 0.03× | 7.05× | ||
| Q3 24 | 0.04× | 4.13× | ||
| Q2 24 | 0.04× | 4.06× | ||
| Q1 24 | 0.05× | 4.43× |
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 | $43.4M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $30.8M |
| 自由现金流率自由现金流/营收 | 21.6% | 5.3% |
| 资本支出强度资本支出/营收 | 24.5% | 2.2% |
| 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GOOGLTDAY
| Q4 25 | $52.4B | $43.4M | ||
| Q3 25 | $48.4B | — | ||
| Q2 25 | $27.7B | — | ||
| Q1 25 | $36.1B | $23.3M | ||
| Q4 24 | $39.1B | $9.0M | ||
| Q3 24 | $30.7B | — | ||
| Q2 24 | $26.6B | — | ||
| Q1 24 | $28.8B | $22.5M |
自由现金流GOOGLTDAY
| Q4 25 | $24.6B | $30.8M | ||
| Q3 25 | $24.5B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $19.0B | $9.8M | ||
| Q4 24 | $24.8B | $-3.8M | ||
| Q3 24 | $17.6B | — | ||
| Q2 24 | $13.5B | — | ||
| Q1 24 | $16.8B | $9.5M |
自由现金流率GOOGLTDAY
| Q4 25 | 21.6% | 5.3% | ||
| Q3 25 | 23.9% | — | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 21.0% | 1.7% | ||
| Q4 24 | 25.7% | -0.6% | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 15.9% | — | ||
| Q1 24 | 20.9% | 1.5% |
资本支出强度GOOGLTDAY
| Q4 25 | 24.5% | 2.2% | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 19.1% | 2.4% | ||
| Q4 24 | 14.8% | 2.1% | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 15.6% | — | ||
| Q1 24 | 14.9% | 2.0% |
现金转化率GOOGLTDAY
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.47× | 0.14× | ||
| 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% |
TDAY
| Print And Commercial | $307.5M | 53% |
| Digital Advertising | $81.7M | 14% |
| Newsquest Segment | $60.1M | 10% |
| Commercial And Other | $48.3M | 8% |
| Digital Only Subscription | $43.2M | 7% |
| Commercial Printing And Delivery Revenue | $26.2M | 4% |
| Digital Other | $23.2M | 4% |
