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爱彼迎（ABNB）与美国鹰（AEO）财务数据对比。点击上方公司名可切换其他公司
爱彼迎的季度营收约是美国鹰的2.0倍（$2.8B vs $1.4B）。爱彼迎净利率更高（12.3% vs 6.7%，领先5.6%）。爱彼迎同比增速更快（12.0% vs 5.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 2.8%）
爱彼迎是全球知名的旅行住宿及体验共享平台，成立于2007年，2010年正式启用现名。平台连接全球各地的房东与旅客，用户可通过网页或移动端预订私人客房、普通住宅、度假屋等多元住宿，也可报名参与当地特色体验项目，是共享经济领域的代表性企业。
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
ABNB vs AEO — 直观对比
营收规模更大
ABNB
是对方的2.0倍
$1.4B
营收增速更快
ABNB
高出6.3%
5.7%
净利率更高
ABNB
高出5.6%
6.7%
两年增速更快
ABNB
近两年复合增速
2.8%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.4B |
| 净利润 | $341.0M | $91.3M |
| 毛利率 | 82.5% | 40.5% |
| 营业利润率 | 9.7% | 8.3% |
| 净利率 | 12.3% | 6.7% |
| 营收同比 | 12.0% | 5.7% |
| 净利润同比 | -26.0% | 14.2% |
| 每股收益（稀释后） | — | $0.53 |
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ABNBAEO
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $4.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.1B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $3.7B | $1.3B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.1B | $1.7B |
净利润ABNBAEO
| Q4 25 | $341.0M | $91.3M | ||
| Q3 25 | $1.4B | $77.6M | ||
| Q2 25 | $642.0M | $-64.9M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | $80.0M | ||
| Q3 24 | $1.4B | $77.3M | ||
| Q2 24 | $555.0M | $67.8M | ||
| Q1 24 | $264.0M | $6.3M |
毛利率ABNBAEO
| Q4 25 | 82.5% | 40.5% | ||
| Q3 25 | 86.6% | 38.9% | ||
| Q2 25 | 82.4% | 29.6% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | 40.9% | ||
| Q3 24 | 87.5% | 38.6% | ||
| Q2 24 | 81.6% | 40.6% | ||
| Q1 24 | 77.6% | 36.6% |
营业利润率ABNBAEO
| Q4 25 | 9.7% | 8.3% | ||
| Q3 25 | 39.7% | 8.0% | ||
| Q2 25 | 19.8% | -7.8% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | 8.2% | ||
| Q3 24 | 40.9% | 7.8% | ||
| Q2 24 | 18.1% | 6.8% | ||
| Q1 24 | 4.7% | 0.6% |
净利率ABNBAEO
| Q4 25 | 12.3% | 6.7% | ||
| Q3 25 | 33.6% | 6.0% | ||
| Q2 25 | 20.7% | -6.0% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | 6.2% | ||
| Q3 24 | 36.7% | 6.0% | ||
| Q2 24 | 20.2% | 5.9% | ||
| Q1 24 | 12.3% | 0.4% |
每股收益（稀释后）ABNBAEO
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.45 | ||
| Q2 25 | — | $-0.36 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.41 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $0.03 |
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 | $11.0B | $112.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $1.6B |
| 总资产 | $22.2B | $4.2B |
| 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ABNBAEO
| Q4 25 | $11.0B | $112.8M | ||
| Q3 25 | $11.7B | $126.8M | ||
| Q2 25 | $11.4B | $87.9M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $160.2M | ||
| Q3 24 | $11.3B | $191.8M | ||
| Q2 24 | $11.3B | $300.5M | ||
| Q1 24 | $11.1B | $454.1M |
总债务ABNBAEO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益ABNBAEO
| Q4 25 | $8.2B | $1.6B | ||
| Q3 25 | $8.6B | $1.5B | ||
| Q2 25 | $7.8B | $1.5B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | $1.7B | ||
| Q3 24 | $8.5B | $1.7B | ||
| Q2 24 | $8.0B | $1.8B | ||
| Q1 24 | $7.9B | $1.7B |
总资产ABNBAEO
| Q4 25 | $22.2B | $4.2B | ||
| Q3 25 | $23.1B | $4.1B | ||
| Q2 25 | $27.0B | $3.8B | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | $3.7B | ||
| Q3 24 | $22.2B | $3.5B | ||
| Q2 24 | $26.3B | $3.6B | ||
| Q1 24 | $24.5B | $3.6B |
负债/权益比ABNBAEO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $526.0M | $67.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.5M |
| 自由现金流率自由现金流/营收 | — | -0.2% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $-169.8M |
8季度趋势，按日历期对齐
经营现金流ABNBAEO
| Q4 25 | $526.0M | $67.1M | ||
| Q3 25 | $1.4B | $27.8M | ||
| Q2 25 | $975.0M | $-54.7M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | — | ||
| Q3 24 | $1.1B | $78.3M | ||
| Q2 24 | $1.1B | $-38.1M | ||
| Q1 24 | $1.9B | $296.4M |
自由现金流ABNBAEO
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $-43.1M | ||
| Q2 25 | — | $-116.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $-74.3M | ||
| Q1 24 | — | $256.8M |
自由现金流率ABNBAEO
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -10.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | -6.5% | ||
| Q1 24 | — | 15.3% |
资本支出强度ABNBAEO
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.4% |
现金转化率ABNBAEO
| Q4 25 | 1.54× | 0.74× | ||
| Q3 25 | 0.99× | 0.36× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 1.01× | ||
| Q2 24 | 1.89× | -0.56× | ||
| Q1 24 | 7.28× | 46.93× |
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
ABNB
| North America | $1.1B | 41% |
| EMEA | $930.0M | 33% |
| Latin America | $351.0M | 13% |
| Other | $351.0M | 13% |
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
