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菲利普莫里斯国际（PM）与优步（UBER）财务数据对比。点击上方公司名可切换其他公司
优步的季度营收约是菲利普莫里斯国际的1.4倍（$14.4B vs $10.1B），菲利普莫里斯国际净利率更高（24.0% vs 2.1%，领先22.0%），优步同比增速更快（20.1% vs 9.1%），过去两年优步的营收复合增速更高（19.1% vs 3.5%）
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
优步是总部位于美国加利福尼亚州旧金山的跨国出行科技企业，核心业务涵盖网约车、快递、食品配送及货运服务，业务覆盖全球约70个国家和15000座城市，是全球规模最大的共享出行平台，月活用户超1.8亿，活跃司机及配送员超600万。
PM vs UBER — 直观对比
营收规模更大
UBER
是对方的1.4倍
$10.1B
营收增速更快
UBER
高出11.0%
9.1%
净利率更高
PM
高出22.0%
2.1%
两年增速更快
UBER
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.1B | $14.4B |
| 净利润 | $2.4B | $296.0M |
| 毛利率 | 68.1% | — |
| 营业利润率 | 38.4% | 12.3% |
| 净利率 | 24.0% | 2.1% |
| 营收同比 | 9.1% | 20.1% |
| 净利润同比 | -9.4% | -95.7% |
| 每股收益（稀释后） | $1.56 | $0.16 |
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PMUBER
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.4B | $14.4B | ||
| Q3 25 | $10.8B | $13.5B | ||
| Q2 25 | $10.1B | $12.7B | ||
| Q1 25 | $9.3B | $11.5B | ||
| Q4 24 | $9.7B | $12.0B | ||
| Q3 24 | $9.9B | $11.2B | ||
| Q2 24 | $9.5B | $10.7B |
净利润PMUBER
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.1B | $296.0M | ||
| Q3 25 | $3.5B | $6.6B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $-579.0M | $6.9B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $2.4B | $1.0B |
毛利率PMUBER
| Q1 26 | 68.1% | — | ||
| Q4 25 | 65.6% | — | ||
| Q3 25 | 67.8% | — | ||
| Q2 25 | 67.7% | — | ||
| Q1 25 | 67.3% | — | ||
| Q4 24 | 64.7% | — | ||
| Q3 24 | 66.0% | — | ||
| Q2 24 | 64.7% | — |
营业利润率PMUBER
| Q1 26 | 38.4% | — | ||
| Q4 25 | 32.6% | 12.3% | ||
| Q3 25 | 39.3% | 8.3% | ||
| Q2 25 | 36.6% | 11.5% | ||
| Q1 25 | 38.1% | 10.6% | ||
| Q4 24 | 33.6% | 6.4% | ||
| Q3 24 | 36.9% | 9.5% | ||
| Q2 24 | 36.4% | 7.4% |
净利率PMUBER
| Q1 26 | 24.0% | — | ||
| Q4 25 | 20.7% | 2.1% | ||
| Q3 25 | 32.1% | 49.2% | ||
| Q2 25 | 30.0% | 10.7% | ||
| Q1 25 | 28.9% | 15.4% | ||
| Q4 24 | -6.0% | 57.6% | ||
| Q3 24 | 31.1% | 23.3% | ||
| Q2 24 | 25.4% | 9.5% |
每股收益（稀释后）PMUBER
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.36 | $0.16 | ||
| Q3 25 | $2.23 | $3.11 | ||
| Q2 25 | $1.95 | $0.63 | ||
| Q1 25 | $1.72 | $0.83 | ||
| Q4 24 | $-0.37 | $3.21 | ||
| Q3 24 | $1.97 | $1.20 | ||
| Q2 24 | $1.54 | $0.47 |
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 | $5.5B | $7.6B |
| 总债务越低越好 | $49.5B | $10.6B |
| 股东权益账面价值 | — | $27.0B |
| 总资产 | $68.9B | $61.8B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资PMUBER
| Q1 26 | $5.5B | — | ||
| Q4 25 | $4.9B | $7.6B | ||
| Q3 25 | $4.0B | $9.1B | ||
| Q2 25 | $4.1B | $7.4B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $4.2B | $7.0B | ||
| Q3 24 | $4.3B | $9.1B | ||
| Q2 24 | $4.8B | $6.3B |
总债务PMUBER
| Q1 26 | $49.5B | — | ||
| Q4 25 | $45.1B | $10.6B | ||
| Q3 25 | $41.9B | — | ||
| Q2 25 | $42.4B | — | ||
| Q1 25 | $38.8B | — | ||
| Q4 24 | $42.2B | $9.6B | ||
| Q3 24 | $44.2B | — | ||
| Q2 24 | $44.6B | — |
股东权益PMUBER
| Q1 26 | — | — | ||
| Q4 25 | $-10.0B | $27.0B | ||
| Q3 25 | $-10.9B | $28.1B | ||
| Q2 25 | $-12.0B | $22.6B | ||
| Q1 25 | $-10.9B | $22.0B | ||
| Q4 24 | $-11.8B | $21.6B | ||
| Q3 24 | $-9.7B | $14.8B | ||
| Q2 24 | $-9.7B | $12.3B |
总资产PMUBER
| Q1 26 | $68.9B | — | ||
| Q4 25 | $69.2B | $61.8B | ||
| Q3 25 | $67.1B | $63.3B | ||
| Q2 25 | $68.5B | $56.0B | ||
| Q1 25 | $65.1B | $52.8B | ||
| Q4 24 | $61.8B | $51.2B | ||
| Q3 24 | $66.9B | $47.1B | ||
| Q2 24 | $65.8B | $41.5B |
负债/权益比PMUBER
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $2.9B |
| 自由现金流经营现金流 - 资本支出 | — | $2.8B |
| 自由现金流率自由现金流/营收 | — | 19.5% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | — | 9.74× |
| 过去12个月自由现金流最近4个季度 | — | $9.8B |
8季度趋势，按日历期对齐
经营现金流PMUBER
| Q1 26 | — | — | ||
| Q4 25 | $4.7B | $2.9B | ||
| Q3 25 | $4.5B | $2.3B | ||
| Q2 25 | $3.4B | $2.6B | ||
| Q1 25 | $-350.0M | $2.3B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $4.6B | $1.8B |
自由现金流PMUBER
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $2.8B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $-754.0M | $2.3B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $4.3B | $1.7B |
自由现金流率PMUBER
| Q1 26 | — | — | ||
| Q4 25 | 41.2% | 19.5% | ||
| Q3 25 | 37.8% | 16.6% | ||
| Q2 25 | 30.1% | 19.6% | ||
| Q1 25 | -8.1% | 19.5% | ||
| Q4 24 | 38.4% | 14.3% | ||
| Q3 24 | 29.9% | 18.9% | ||
| Q2 24 | 45.0% | 16.1% |
资本支出强度PMUBER
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 0.5% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.5% | 0.7% | ||
| Q1 25 | 4.3% | 0.6% | ||
| Q4 24 | 2.9% | 0.4% | ||
| Q3 24 | 3.8% | 0.4% | ||
| Q2 24 | 3.9% | 0.9% |
现金转化率PMUBER
| Q1 26 | — | — | ||
| Q4 25 | 2.20× | 9.74× | ||
| Q3 25 | 1.28× | 0.35× | ||
| Q2 25 | 1.12× | 1.89× | ||
| Q1 25 | -0.13× | 1.31× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 1.08× | 0.82× | ||
| Q2 24 | 1.93× | 1.79× |
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
PM
暂无分部数据
UBER
| Mobility | $8.2B | 57% |
| Delivery | $4.9B | 34% |
| Freight | $1.3B | 9% |
