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贝宝（PYPL）与淡水河谷（VALE）财务数据对比。点击上方公司名可切换其他公司
淡水河谷的季度营收约是贝宝的1.0倍（$8.8B vs $8.7B），淡水河谷净利率更高（24.3% vs 16.6%，领先7.7%），贝宝同比增速更快（3.7% vs -11.3%）
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
淡水河谷是巴西跨国金属矿业集团，也是巴西大型物流运营商之一，为全球最大的铁矿石和镍生产商。其产品线还覆盖锰、铁合金、铜、铝土矿、钾肥、高岭土、钴等，同时运营水电站及铁路、船舶、港口组成的庞大物流网络保障产品运输。
PYPL vs VALE — 直观对比
营收规模更大
VALE
是对方的1.0倍
$8.7B
营收增速更快
PYPL
高出15.0%
-11.3%
净利率更高
VALE
高出7.7%
16.6%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $8.8B |
| 净利润 | $1.4B | $2.1B |
| 毛利率 | — | 30.9% |
| 营业利润率 | 17.4% | 22.8% |
| 净利率 | 16.6% | 24.3% |
| 营收同比 | 3.7% | -11.3% |
| 净利润同比 | 28.2% | -22.9% |
| 每股收益（稀释后） | $1.53 | $0.50 |
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PYPLVALE
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.3B | $8.8B | ||
| Q1 25 | $7.8B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.9B | $9.9B | ||
| Q1 24 | $7.7B | — |
净利润PYPLVALE
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $888.0M | — |
毛利率PYPLVALE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 36.0% | ||
| Q1 24 | — | — |
营业利润率PYPLVALE
| Q4 25 | 17.4% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 18.1% | 22.8% | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 16.8% | 39.1% | ||
| Q1 24 | 15.2% | — |
净利率PYPLVALE
| Q4 25 | 16.6% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 15.2% | 24.3% | ||
| Q1 25 | 16.5% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | 14.3% | 27.9% | ||
| Q1 24 | 11.5% | — |
每股收益（稀释后）PYPLVALE
| Q4 25 | $1.53 | — | ||
| Q3 25 | $1.30 | — | ||
| Q2 25 | $1.29 | $0.50 | ||
| Q1 25 | $1.29 | — | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $0.99 | — | ||
| Q2 24 | $1.08 | $0.65 | ||
| Q1 24 | $0.83 | — |
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 | $10.4B | $5.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.3B | $40.5B |
| 总资产 | $80.2B | $90.4B |
| 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PYPLVALE
| Q4 25 | $10.4B | — | ||
| Q3 25 | $10.8B | — | ||
| Q2 25 | $10.0B | $5.5B | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | $10.8B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $13.6B | $6.5B | ||
| Q1 24 | $14.3B | — |
股东权益PYPLVALE
| Q4 25 | $20.3B | — | ||
| Q3 25 | $20.2B | — | ||
| Q2 25 | $20.2B | $40.5B | ||
| Q1 25 | $20.3B | — | ||
| Q4 24 | $20.4B | — | ||
| Q3 24 | $20.2B | — | ||
| Q2 24 | $20.6B | $38.4B | ||
| Q1 24 | $20.7B | — |
总资产PYPLVALE
| Q4 25 | $80.2B | — | ||
| Q3 25 | $79.8B | — | ||
| Q2 25 | $79.8B | $90.4B | ||
| Q1 25 | $81.3B | — | ||
| Q4 24 | $81.6B | — | ||
| Q3 24 | $83.5B | — | ||
| Q2 24 | $84.0B | $86.6B | ||
| Q1 24 | $83.3B | — |
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 | $2.4B | — |
| 自由现金流经营现金流 - 资本支出 | $2.2B | — |
| 自由现金流率自由现金流/营收 | 25.2% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.66× | — |
| 过去12个月自由现金流最近4个季度 | $5.6B | — |
8季度趋势，按日历期对齐
经营现金流PYPLVALE
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $898.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.9B | — |
自由现金流PYPLVALE
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $692.0M | — | ||
| Q1 25 | $964.0M | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.8B | — |
自由现金流率PYPLVALE
| Q4 25 | 25.2% | — | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 17.3% | — | ||
| Q1 24 | 22.9% | — |
资本支出强度PYPLVALE
| Q4 25 | 2.2% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 2.0% | — |
现金转化率PYPLVALE
| Q4 25 | 1.66× | — | ||
| Q3 25 | 1.58× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 2.16× | — |
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
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
VALE
暂无分部数据
