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Grab Holdings Ltd（GRAB）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是Grab Holdings Ltd的1.2倍（$1.8B vs $1.5B），高德纳净利率更高（13.8% vs 1.8%，领先12.1%）
Grab Holdings是总部位于新加坡纬壹科技城的跨国科技企业，旗下核心产品为移动端超级应用，覆盖网约车、外卖配送、数字支付等多元服务，业务布局新加坡、马来西亚、印度尼西亚、泰国、越南等共8个东南亚国家，是东南亚地区头部的本地生活及数字服务提供商。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
GRAB vs IT — 直观对比
营收规模更大
IT
是对方的1.2倍
$1.5B
净利率更高
IT
高出12.1%
1.8%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.8B |
| 净利润 | $26.0M | $242.2M |
| 毛利率 | 43.1% | 67.8% |
| 营业利润率 | -2.5% | 19.1% |
| 净利率 | 1.8% | 13.8% |
| 营收同比 | — | 2.2% |
| 净利润同比 | — | -39.2% |
| 每股收益（稀释后） | $0.01 | $3.36 |
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GRABIT
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.5B |
净利润GRABIT
| Q4 25 | — | $242.2M | ||
| Q3 25 | — | $35.4M | ||
| Q2 25 | — | $240.8M | ||
| Q1 25 | — | $210.9M | ||
| Q4 24 | $26.0M | $398.6M | ||
| Q3 24 | — | $415.0M | ||
| Q2 24 | — | $229.5M | ||
| Q1 24 | — | $210.5M |
毛利率GRABIT
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 69.3% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | 43.1% | 66.8% | ||
| Q3 24 | — | 68.4% | ||
| Q2 24 | — | 68.6% | ||
| Q1 24 | — | 69.4% |
营业利润率GRABIT
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | -2.5% | 18.5% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 18.6% |
净利率GRABIT
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 1.8% | 23.2% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 14.3% |
每股收益（稀释后）GRABIT
| Q4 25 | — | $3.36 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $3.11 | ||
| Q1 25 | — | $2.71 | ||
| Q4 24 | $0.01 | $5.08 | ||
| Q3 24 | — | $5.32 | ||
| Q2 24 | — | $2.93 | ||
| Q1 24 | — | $2.67 |
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 | $3.0B | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $319.9M |
| 总资产 | $9.3B | $8.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GRABIT
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益GRABIT
| Q4 25 | — | $319.9M | ||
| Q3 25 | — | $556.6M | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $6.4B | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $646.7M | ||
| Q1 24 | — | $718.2M |
总资产GRABIT
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $8.3B | ||
| Q1 25 | — | $8.5B | ||
| Q4 24 | $9.3B | $8.5B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.4B | ||
| Q1 24 | — | $7.7B |
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 | $591.0M | $294.5M |
| 自由现金流经营现金流 - 资本支出 | — | $270.7M |
| 自由现金流率自由现金流/营收 | — | 15.4% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 22.73× | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流GRABIT
| Q4 25 | — | $294.5M | ||
| Q3 25 | — | $298.7M | ||
| Q2 25 | — | $383.6M | ||
| Q1 25 | — | $313.5M | ||
| Q4 24 | $591.0M | $335.4M | ||
| Q3 24 | — | $590.8M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $188.8M |
自由现金流GRABIT
| Q4 25 | — | $270.7M | ||
| Q3 25 | — | $269.3M | ||
| Q2 25 | — | $347.3M | ||
| Q1 25 | — | $287.9M | ||
| Q4 24 | — | $311.4M | ||
| Q3 24 | — | $565.0M | ||
| Q2 24 | — | $340.6M | ||
| Q1 24 | — | $166.2M |
自由现金流率GRABIT
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 20.6% | ||
| Q1 25 | — | 18.8% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | — | 21.4% | ||
| Q1 24 | — | 11.3% |
资本支出强度GRABIT
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.5% |
现金转化率GRABIT
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 8.45× | ||
| Q2 25 | — | 1.59× | ||
| Q1 25 | — | 1.49× | ||
| Q4 24 | 22.73× | 0.84× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | 0.90× |
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
GRAB
暂无分部数据
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
