Analysis for BKNG
$165.80
+5.12
(+3.19%)
- 📈 Growth — 30/30
- 💰 Profitability — 18/20
- 🏦 Financial Health — 7/20
- 💵 Valuation — 12/20
- ⚠️ Risk — 8/10
Overall Score: 69/100
Summary:
📈 Growth & Financial Trajectory
Over eight quarters, Revenues rose from about $5.47B (2024 Q3) to $7.35B (2026 Q2), while Net Income grew from about $1.07B to $1.95B, with a peak of $2.75B in 2025 Q3. The overall trend is a ~34% revenue expansion and ~82% net income growth, despite quarterly volatility.
💰 Margins & Cash Flow
- Net income margin averaged near 20% with a peak around 30% in 2025 Q3, signaling robust profitability during demand upswings.
- Operating cash flow was consistently positive across quarters; investing cash flow was negative as the platform invests in growth; financing activity showed mixed signals.
🛡️ Balance Sheet & Liquidity
Assets run ~$28–30B; Liabilities ~$33–40B, yielding negative Equity in several quarters. Current assets largely cover Current liabilities, and operating cash flow supports near-term liquidity, but the negative equity is a material balance-sheet risk.
⚠️ Key Drivers & Risks
- Drivers: Online travel demand; platform-scale pricing/network effects.
- Risks: Travel cyclicality and macro sensitivity; valuation sensitivity given weak equity cushion and high leverage.
📊 Key Financial Fundamentals
Valuation Multiples
Market Cap
$128.79B
P/E Ratio
17.86
Forward P/E
16.78
P/S Ratio
4.56
P/B Ratio
91.90
EV / EBITDA
13.37
Profitability & Returns
Gross Margin
98.09%
Operating Margin
32.87%
Net Margin
25.53%
ROE
139.63%
ROIC
29.37%
Financial Health & Liquidity
Current Ratio
1.09
Quick Ratio
1.07
Financial Scale & Cash Flow
Revenue
$28.24B
Net Income
$7.21B
FCF Yield
7.41%
Free Cash Flow
$9.54B
Total Debt To Equity
11.29