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谷歌（GOOGL）与ZIFF DAVIS, INC.（ZD）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ZIFF DAVIS, INC.的279.9倍（$113.8B vs $406.7M）。谷歌净利率更高（30.3% vs 0.1%，领先30.2%）。谷歌同比增速更快（18.0% vs -1.5%）。谷歌自由现金流更多（$24.6B vs $157.8M）。过去两年谷歌的营收复合增速更高（18.9% vs 13.7%）
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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
GOOGL vs ZD — 直观对比
营收规模更大
GOOGL
是对方的279.9倍
$406.7M
营收增速更快
GOOGL
高出19.5%
-1.5%
净利率更高
GOOGL
高出30.2%
0.1%
自由现金流更多
GOOGL
多$24.4B
$157.8M
两年增速更快
GOOGL
近两年复合增速
13.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $113.8B | $406.7M |
| 净利润 | $34.5B | $370.0K |
| 毛利率 | 59.8% | 85.9% |
| 营业利润率 | 31.6% | 21.2% |
| 净利率 | 30.3% | 0.1% |
| 营收同比 | 18.0% | -1.5% |
| 净利润同比 | 29.8% | -99.4% |
| 每股收益（稀释后） | $2.82 | $0.06 |
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GOOGLZD
| Q4 25 | $113.8B | $406.7M | ||
| Q3 25 | $102.3B | $363.7M | ||
| Q2 25 | $96.4B | $352.2M | ||
| Q1 25 | $90.2B | $328.6M | ||
| Q4 24 | $96.5B | $412.8M | ||
| Q3 24 | $88.3B | $353.6M | ||
| Q2 24 | $84.7B | $320.8M | ||
| Q1 24 | $80.5B | $314.5M |
净利润GOOGLZD
| Q4 25 | $34.5B | $370.0K | ||
| Q3 25 | $35.0B | $-3.6M | ||
| Q2 25 | $28.2B | $26.3M | ||
| Q1 25 | $34.5B | $24.2M | ||
| Q4 24 | $26.5B | $64.1M | ||
| Q3 24 | $26.3B | $-48.6M | ||
| Q2 24 | $23.6B | $36.9M | ||
| Q1 24 | $23.7B | $10.6M |
毛利率GOOGLZD
| Q4 25 | 59.8% | 85.9% | ||
| Q3 25 | 59.6% | 85.4% | ||
| Q2 25 | 59.5% | 86.1% | ||
| Q1 25 | 59.7% | 85.6% | ||
| Q4 24 | 57.9% | 87.1% | ||
| Q3 24 | 58.7% | 85.5% | ||
| Q2 24 | 58.1% | 84.4% | ||
| Q1 24 | 58.1% | 85.4% |
营业利润率GOOGLZD
| Q4 25 | 31.6% | 21.2% | ||
| Q3 25 | 30.5% | 7.8% | ||
| Q2 25 | 32.4% | 9.5% | ||
| Q1 25 | 33.9% | 10.7% | ||
| Q4 24 | 32.1% | 19.0% | ||
| Q3 24 | 32.3% | -8.3% | ||
| Q2 24 | 32.4% | 8.9% | ||
| Q1 24 | 31.6% | 11.4% |
净利率GOOGLZD
| Q4 25 | 30.3% | 0.1% | ||
| Q3 25 | 34.2% | -1.0% | ||
| Q2 25 | 29.2% | 7.5% | ||
| Q1 25 | 38.3% | 7.4% | ||
| Q4 24 | 27.5% | 15.5% | ||
| Q3 24 | 29.8% | -13.7% | ||
| Q2 24 | 27.9% | 11.5% | ||
| Q1 24 | 29.4% | 3.4% |
每股收益（稀释后）GOOGLZD
| Q4 25 | $2.82 | $0.06 | ||
| Q3 25 | $2.87 | $-0.09 | ||
| Q2 25 | $2.31 | $0.62 | ||
| Q1 25 | $2.81 | $0.56 | ||
| Q4 24 | $2.14 | $1.53 | ||
| Q3 24 | $2.12 | $-1.11 | ||
| Q2 24 | $1.89 | $0.77 | ||
| Q1 24 | $1.89 | $0.23 |
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 | $607.0M |
| 总债务越低越好 | $49.1B | $866.5M |
| 股东权益账面价值 | $415.3B | $1.8B |
| 总资产 | $595.3B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.12× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资GOOGLZD
| Q4 25 | $126.8B | $607.0M | ||
| Q3 25 | $98.5B | $503.4M | ||
| Q2 25 | $95.1B | $457.3M | ||
| Q1 25 | $95.3B | $431.0M | ||
| Q4 24 | $95.7B | $505.9M | ||
| Q3 24 | $93.2B | $386.1M | ||
| Q2 24 | $100.7B | $687.2M | ||
| Q1 24 | $108.1B | $751.2M |
总债务GOOGLZD
| Q4 25 | $49.1B | $866.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $10.9B | — | ||
| Q4 24 | $10.9B | $864.3M | ||
| Q3 24 | $12.3B | — | ||
| Q2 24 | $13.2B | — | ||
| Q1 24 | $13.2B | — |
股东权益GOOGLZD
| Q4 25 | $415.3B | $1.8B | ||
| Q3 25 | $386.9B | $1.8B | ||
| Q2 25 | $362.9B | $1.8B | ||
| Q1 25 | $345.3B | $1.8B | ||
| Q4 24 | $325.1B | $1.8B | ||
| Q3 24 | $314.1B | $1.8B | ||
| Q2 24 | $300.8B | $1.9B | ||
| Q1 24 | $292.8B | $1.9B |
总资产GOOGLZD
| Q4 25 | $595.3B | $3.7B | ||
| Q3 25 | $536.5B | $3.5B | ||
| Q2 25 | $502.1B | $3.5B | ||
| Q1 25 | $475.4B | $3.5B | ||
| Q4 24 | $450.3B | $3.7B | ||
| Q3 24 | $430.3B | $3.4B | ||
| Q2 24 | $414.8B | $3.7B | ||
| Q1 24 | $407.4B | $3.7B |
负债/权益比GOOGLZD
| Q4 25 | 0.12× | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.03× | 0.48× | ||
| 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | $24.6B | $157.8M |
| 自由现金流率自由现金流/营收 | 21.6% | 38.8% |
| 资本支出强度资本支出/营收 | 24.5% | 8.2% |
| 现金转化率经营现金流/净利润 | 1.52× | 516.44× |
| 过去12个月自由现金流最近4个季度 | $73.3B | $287.9M |
8季度趋势，按日历期对齐
经营现金流GOOGLZD
| Q4 25 | $52.4B | $191.1M | ||
| Q3 25 | $48.4B | $138.3M | ||
| Q2 25 | $27.7B | $57.1M | ||
| Q1 25 | $36.1B | $20.6M | ||
| Q4 24 | $39.1B | $158.2M | ||
| Q3 24 | $30.7B | $106.0M | ||
| Q2 24 | $26.6B | $50.6M | ||
| Q1 24 | $28.8B | $75.6M |
自由现金流GOOGLZD
| Q4 25 | $24.6B | $157.8M | ||
| Q3 25 | $24.5B | $108.2M | ||
| Q2 25 | $5.3B | $26.9M | ||
| Q1 25 | $19.0B | $-5.0M | ||
| Q4 24 | $24.8B | $131.1M | ||
| Q3 24 | $17.6B | $80.1M | ||
| Q2 24 | $13.5B | $25.1M | ||
| Q1 24 | $16.8B | $47.4M |
自由现金流率GOOGLZD
| Q4 25 | 21.6% | 38.8% | ||
| Q3 25 | 23.9% | 29.7% | ||
| Q2 25 | 5.5% | 7.6% | ||
| Q1 25 | 21.0% | -1.5% | ||
| Q4 24 | 25.7% | 31.8% | ||
| Q3 24 | 20.0% | 22.7% | ||
| Q2 24 | 15.9% | 7.8% | ||
| Q1 24 | 20.9% | 15.1% |
资本支出强度GOOGLZD
| Q4 25 | 24.5% | 8.2% | ||
| Q3 25 | 23.4% | 8.3% | ||
| Q2 25 | 23.3% | 8.6% | ||
| Q1 25 | 19.1% | 7.8% | ||
| Q4 24 | 14.8% | 6.6% | ||
| Q3 24 | 14.8% | 7.3% | ||
| Q2 24 | 15.6% | 8.0% | ||
| Q1 24 | 14.9% | 8.9% |
现金转化率GOOGLZD
| Q4 25 | 1.52× | 516.44× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.98× | 2.17× | ||
| Q1 25 | 1.05× | 0.85× | ||
| Q4 24 | 1.47× | 2.47× | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.13× | 1.37× | ||
| Q1 24 | 1.22× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
