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Grab Holdings Ltd（GRAB）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Grab Holdings Ltd的季度营收约是Liberty Global Ltd.的1.2倍（$1.5B vs $1.2B），Grab Holdings Ltd净利率更高（1.8% vs -237.0%，领先238.7%）
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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
GRAB vs LBTYA — 直观对比
营收规模更大
GRAB
是对方的1.2倍
$1.2B
净利率更高
GRAB
高出238.7%
-237.0%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $26.0M | $-2.9B |
| 毛利率 | 43.1% | 66.8% |
| 营业利润率 | -2.5% | -8.6% |
| 净利率 | 1.8% | -237.0% |
| 营收同比 | — | 187.2% |
| 净利润同比 | — | -230.0% |
| 每股收益（稀释后） | $0.01 | $-8.66 |
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GRABLBTYA
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.5B | $-1.4B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
净利润GRABLBTYA
| Q4 25 | — | $-2.9B | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-2.8B | ||
| Q1 25 | — | $-1.3B | ||
| Q4 24 | $26.0M | $2.2B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $268.1M | ||
| Q1 24 | — | $510.0M |
毛利率GRABLBTYA
| Q4 25 | — | 66.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 63.3% | ||
| Q1 25 | — | 65.6% | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | — | 69.4% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 65.4% |
营业利润率GRABLBTYA
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.2% |
净利率GRABLBTYA
| Q4 25 | — | -237.0% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | -220.1% | ||
| Q1 25 | — | -114.2% | ||
| Q4 24 | 1.8% | -158.9% | ||
| Q3 24 | — | -74.1% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 26.2% |
每股收益（稀释后）GRABLBTYA
| Q4 25 | — | $-8.66 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | — | $-8.09 | ||
| Q1 25 | — | $-3.84 | ||
| Q4 24 | $0.01 | $6.15 | ||
| Q3 24 | — | $-3.95 | ||
| Q2 24 | — | $0.71 | ||
| Q1 24 | — | $1.32 |
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 | $2.2B |
| 总债务越低越好 | — | $7.8B |
| 股东权益账面价值 | $6.4B | $9.7B |
| 总资产 | $9.3B | $22.6B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资GRABLBTYA
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $2.8B |
总债务GRABLBTYA
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $14.9B | ||
| Q2 24 | — | $14.7B | ||
| Q1 24 | — | $14.8B |
股东权益GRABLBTYA
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $12.7B | ||
| Q2 25 | — | $13.0B | ||
| Q1 25 | — | $12.6B | ||
| Q4 24 | $6.4B | $12.4B | ||
| Q3 24 | — | $18.7B | ||
| Q2 24 | — | $18.3B | ||
| Q1 24 | — | $18.4B |
总资产GRABLBTYA
| Q4 25 | — | $22.6B | ||
| Q3 25 | — | $25.4B | ||
| Q2 25 | — | $27.2B | ||
| Q1 25 | — | $26.0B | ||
| Q4 24 | $9.3B | $25.4B | ||
| Q3 24 | — | $41.8B | ||
| Q2 24 | — | $40.8B | ||
| Q1 24 | — | $40.6B |
负债/权益比GRABLBTYA
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.80× |
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 | $630.9M |
| 自由现金流经营现金流 - 资本支出 | — | $193.3M |
| 自由现金流率自由现金流/营收 | — | 15.7% |
| 资本支出强度资本支出/营收 | — | 35.5% |
| 现金转化率经营现金流/净利润 | 22.73× | — |
| 过去12个月自由现金流最近4个季度 | — | $-132.0M |
8季度趋势，按日历期对齐
经营现金流GRABLBTYA
| Q4 25 | — | $630.9M | ||
| Q3 25 | — | $301.8M | ||
| Q2 25 | — | $149.2M | ||
| Q1 25 | — | $129.2M | ||
| Q4 24 | $591.0M | $791.6M | ||
| Q3 24 | — | $449.5M | ||
| Q2 24 | — | $546.1M | ||
| Q1 24 | — | $245.7M |
自由现金流GRABLBTYA
| Q4 25 | — | $193.3M | ||
| Q3 25 | — | $-41.1M | ||
| Q2 25 | — | $-170.1M | ||
| Q1 25 | — | $-114.1M | ||
| Q4 24 | — | $712.9M | ||
| Q3 24 | — | $102.4M | ||
| Q2 24 | — | $256.8M | ||
| Q1 24 | — | $-105.1M |
自由现金流率GRABLBTYA
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -13.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | — | -50.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | -5.4% |
资本支出强度GRABLBTYA
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | -5.6% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 18.0% |
现金转化率GRABLBTYA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.73× | 0.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | — | 0.48× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
