vs
Meta Platforms（META）与百事公司（PEP）财务数据对比。点击上方公司名可切换其他公司
Meta Platforms的季度营收约是百事公司的2.9倍（$56.3B vs $19.4B），Meta Platforms净利率更高（47.5% vs 12.0%，领先35.5%），Meta Platforms同比增速更快（33.1% vs 8.5%），过去两年Meta Platforms的营收复合增速更高（20.1% vs -7.0%）
Meta Platforms是总部位于美国加利福尼亚州门洛帕克的跨国科技巨头，属于全球头部科技企业阵营。旗下运营Facebook、Instagram、WhatsApp、Messenger、Threads等多款知名社交媒体及通讯服务，同时开展自有及第三方站点广告业务，2023年广告收入占其总营收的97.8%。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料巨头，1965年由百事可乐公司与菲多利公司合并组建。其业务覆盖食品饮料全品类，负责旗下产品的生产、分销及营销推广，产品线已从最初的百事可乐拓展为丰富多元的品牌矩阵。
META vs PEP — 直观对比
营收规模更大
META
是对方的2.9倍
$19.4B
营收增速更快
META
高出24.6%
8.5%
净利率更高
META
高出35.5%
12.0%
两年增速更快
META
近两年复合增速
-7.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $56.3B | $19.4B |
| 净利润 | $26.8B | $2.3B |
| 毛利率 | 81.9% | 55.2% |
| 营业利润率 | 40.6% | 16.5% |
| 净利率 | 47.5% | 12.0% |
| 营收同比 | 33.1% | 8.5% |
| 净利润同比 | 60.9% | — |
| 每股收益（稀释后） | $10.44 | — |
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METAPEP
| Q1 26 | $56.3B | $19.4B | ||
| Q4 25 | $59.9B | $29.3B | ||
| Q3 25 | $51.2B | $23.9B | ||
| Q2 25 | $47.5B | $22.7B | ||
| Q1 25 | $42.3B | $17.9B | ||
| Q4 24 | $48.4B | $27.8B | ||
| Q3 24 | $40.6B | $23.3B | ||
| Q2 24 | $39.1B | $22.5B |
净利润METAPEP
| Q1 26 | $26.8B | $2.3B | ||
| Q4 25 | $22.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $18.3B | $1.3B | ||
| Q1 25 | $16.6B | $1.8B | ||
| Q4 24 | $20.8B | $1.5B | ||
| Q3 24 | $15.7B | $2.9B | ||
| Q2 24 | $13.5B | $3.1B |
毛利率METAPEP
| Q1 26 | 81.9% | 55.2% | ||
| Q4 25 | 81.8% | 53.2% | ||
| Q3 25 | 82.0% | 53.6% | ||
| Q2 25 | 82.1% | 54.7% | ||
| Q1 25 | 82.1% | 55.8% | ||
| Q4 24 | 81.7% | 52.6% | ||
| Q3 24 | 81.8% | 55.4% | ||
| Q2 24 | 81.3% | 55.9% |
营业利润率METAPEP
| Q1 26 | 40.6% | 16.5% | ||
| Q4 25 | 41.3% | 12.1% | ||
| Q3 25 | 40.1% | 14.9% | ||
| Q2 25 | 43.0% | 7.9% | ||
| Q1 25 | 41.5% | 14.4% | ||
| Q4 24 | 48.3% | 8.1% | ||
| Q3 24 | 42.7% | 16.6% | ||
| Q2 24 | 38.0% | 18.0% |
净利率METAPEP
| Q1 26 | 47.5% | 12.0% | ||
| Q4 25 | 38.0% | 8.7% | ||
| Q3 25 | 5.3% | 10.9% | ||
| Q2 25 | 38.6% | 5.6% | ||
| Q1 25 | 39.3% | 10.2% | ||
| Q4 24 | 43.1% | 5.5% | ||
| Q3 24 | 38.7% | 12.6% | ||
| Q2 24 | 34.5% | 13.7% |
每股收益（稀释后）METAPEP
| Q1 26 | $10.44 | — | ||
| Q4 25 | $8.87 | $1.85 | ||
| Q3 25 | $1.05 | $1.90 | ||
| Q2 25 | $7.14 | $0.92 | ||
| Q1 25 | $6.43 | $1.33 | ||
| Q4 24 | $7.96 | $1.11 | ||
| Q3 24 | $6.03 | $2.13 | ||
| Q2 24 | $5.16 | $2.23 |
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 | $23.4B | $10.8B |
| 总债务越低越好 | $58.7B | — |
| 股东权益账面价值 | $243.7B | $21.5B |
| 总资产 | $395.3B | $110.6B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资METAPEP
| Q1 26 | $23.4B | $10.8B | ||
| Q4 25 | $81.6B | $9.5B | ||
| Q3 25 | $44.4B | $8.7B | ||
| Q2 25 | $47.1B | $8.0B | ||
| Q1 25 | $70.2B | $8.6B | ||
| Q4 24 | $77.8B | $9.3B | ||
| Q3 24 | $70.9B | $8.1B | ||
| Q2 24 | $58.1B | $6.7B |
总债务METAPEP
| Q1 26 | $58.7B | — | ||
| Q4 25 | $58.7B | $42.3B | ||
| Q3 25 | — | $44.1B | ||
| Q2 25 | — | $39.3B | ||
| Q1 25 | — | $39.4B | ||
| Q4 24 | $28.8B | $37.2B | ||
| Q3 24 | $28.8B | $38.5B | ||
| Q2 24 | — | $36.6B |
股东权益METAPEP
| Q1 26 | $243.7B | $21.5B | ||
| Q4 25 | $217.2B | $20.4B | ||
| Q3 25 | $194.1B | $19.4B | ||
| Q2 25 | $195.1B | $18.4B | ||
| Q1 25 | $185.0B | $18.4B | ||
| Q4 24 | $182.6B | $18.0B | ||
| Q3 24 | $164.5B | $19.5B | ||
| Q2 24 | $156.8B | $19.4B |
总资产METAPEP
| Q1 26 | $395.3B | $110.6B | ||
| Q4 25 | $366.0B | $107.4B | ||
| Q3 25 | $303.8B | $106.6B | ||
| Q2 25 | $294.7B | $105.3B | ||
| Q1 25 | $280.2B | $101.7B | ||
| Q4 24 | $276.1B | $99.5B | ||
| Q3 24 | $256.4B | $100.5B | ||
| Q2 24 | $230.2B | $99.5B |
负债/权益比METAPEP
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.27× | 2.07× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | 0.16× | 2.06× | ||
| Q3 24 | 0.18× | 1.98× | ||
| Q2 24 | — | 1.88× |
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 | $32.2B | — |
| 自由现金流经营现金流 - 资本支出 | $12.4B | — |
| 自由现金流率自由现金流/营收 | 22.0% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.20× | — |
| 过去12个月自由现金流最近4个季度 | $47.4B | — |
8季度趋势，按日历期对齐
经营现金流METAPEP
| Q1 26 | $32.2B | — | ||
| Q4 25 | $36.2B | $6.6B | ||
| Q3 25 | $30.0B | $4.5B | ||
| Q2 25 | $25.6B | $2.0B | ||
| Q1 25 | $24.0B | $-973.0M | ||
| Q4 24 | $28.0B | $6.3B | ||
| Q3 24 | $24.7B | $4.9B | ||
| Q2 24 | $19.4B | $2.4B |
自由现金流METAPEP
| Q1 26 | $12.4B | — | ||
| Q4 25 | $14.8B | $4.7B | ||
| Q3 25 | $11.2B | $3.5B | ||
| Q2 25 | $9.0B | $1.1B | ||
| Q1 25 | $11.1B | $-1.6B | ||
| Q4 24 | $13.6B | $3.8B | ||
| Q3 24 | $16.5B | $3.8B | ||
| Q2 24 | $11.2B | $1.3B |
自由现金流率METAPEP
| Q1 26 | 22.0% | — | ||
| Q4 25 | 24.8% | 16.0% | ||
| Q3 25 | 21.8% | 14.5% | ||
| Q2 25 | 19.0% | 4.7% | ||
| Q1 25 | 26.2% | -8.8% | ||
| Q4 24 | 28.0% | 13.7% | ||
| Q3 24 | 40.6% | 16.1% | ||
| Q2 24 | 28.7% | 5.6% |
资本支出强度METAPEP
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | 6.5% | ||
| Q3 25 | 36.7% | 4.1% | ||
| Q2 25 | 34.8% | 4.0% | ||
| Q1 25 | 30.6% | 3.4% | ||
| Q4 24 | 29.8% | 8.9% | ||
| Q3 24 | 20.3% | 4.9% | ||
| Q2 24 | 20.9% | 4.8% |
现金转化率METAPEP
| Q1 26 | 1.20× | — | ||
| Q4 25 | 1.59× | 2.61× | ||
| Q3 25 | 11.07× | 1.72× | ||
| Q2 25 | 1.39× | 1.56× | ||
| Q1 25 | 1.44× | -0.53× | ||
| Q4 24 | 1.34× | 4.13× | ||
| Q3 24 | 1.58× | 1.67× | ||
| Q2 24 | 1.44× | 0.76× |
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
META
| Advertising | $55.0B | 98% |
| Other revenue | $885.0M | 2% |
| Reality Labs | $402.0M | 1% |
PEP
暂无分部数据
