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爱彼迎（ABNB）与Andersons, Inc.（ANDE）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Andersons, Inc.的8.4倍（$2.8B vs $329.5M）。Andersons, Inc.净利率更高（20.5% vs 12.3%，领先8.2%）。爱彼迎同比增速更快（12.0% vs -2.4%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -1.8%）
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。
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
ABNB vs ANDE — 直观对比
营收规模更大
ABNB
是对方的8.4倍
$329.5M
营收增速更快
ABNB
高出14.4%
-2.4%
净利率更高
ANDE
高出8.2%
12.3%
两年增速更快
ABNB
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $329.5M |
| 净利润 | $341.0M | $67.4M |
| 毛利率 | 82.5% | 70.3% |
| 营业利润率 | 9.7% | 26.6% |
| 净利率 | 12.3% | 20.5% |
| 营收同比 | 12.0% | -2.4% |
| 净利润同比 | -26.0% | 49.6% |
| 每股收益（稀释后） | — | — |
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ABNBANDE
| Q4 25 | $2.8B | $329.5M | ||
| Q3 25 | $4.1B | $295.8M | ||
| Q2 25 | $3.1B | $535.0M | ||
| Q1 25 | $2.3B | $370.8M | ||
| Q4 24 | $2.5B | $337.5M | ||
| Q3 24 | $3.7B | $231.9M | ||
| Q2 24 | $2.7B | $492.5M | ||
| Q1 24 | $2.1B | $341.4M |
净利润ABNBANDE
| Q4 25 | $341.0M | $67.4M | ||
| Q3 25 | $1.4B | $20.1M | ||
| Q2 25 | $642.0M | $7.9M | ||
| Q1 25 | $154.0M | $284.0K | ||
| Q4 24 | $461.0M | $45.1M | ||
| Q3 24 | $1.4B | $27.4M | ||
| Q2 24 | $555.0M | $36.0M | ||
| Q1 24 | $264.0M | $5.6M |
毛利率ABNBANDE
| Q4 25 | 82.5% | 70.3% | ||
| Q3 25 | 86.6% | 57.8% | ||
| Q2 25 | 82.4% | 29.6% | ||
| Q1 25 | 77.7% | 41.2% | ||
| Q4 24 | 82.8% | 63.1% | ||
| Q3 24 | 87.5% | 76.4% | ||
| Q2 24 | 81.6% | 35.6% | ||
| Q1 24 | 77.6% | 37.6% |
营业利润率ABNBANDE
| Q4 25 | 9.7% | 26.6% | ||
| Q3 25 | 39.7% | 8.7% | ||
| Q2 25 | 19.8% | 4.6% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 17.3% | 19.9% | ||
| Q3 24 | 40.9% | 26.8% | ||
| Q2 24 | 18.1% | 11.6% | ||
| Q1 24 | 4.7% | 4.1% |
净利率ABNBANDE
| Q4 25 | 12.3% | 20.5% | ||
| Q3 25 | 33.6% | 6.8% | ||
| Q2 25 | 20.7% | 1.5% | ||
| Q1 25 | 6.8% | 0.1% | ||
| Q4 24 | 18.6% | 13.4% | ||
| Q3 24 | 36.7% | 11.8% | ||
| Q2 24 | 20.2% | 7.3% | ||
| Q1 24 | 12.3% | 1.6% |
每股收益（稀释后）ABNBANDE
| Q4 25 | — | — | ||
| Q3 25 | — | $0.59 | ||
| Q2 25 | — | $0.23 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $1.31 | ||
| Q3 24 | — | $0.80 | ||
| Q2 24 | — | $1.05 | ||
| Q1 24 | — | $0.16 |
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 | $98.3M |
| 总债务越低越好 | — | $560.0M |
| 股东权益账面价值 | $8.2B | $1.2B |
| 总资产 | $22.2B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资ABNBANDE
| Q4 25 | $11.0B | $98.3M | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $561.8M | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.1B | — |
总债务ABNBANDE
| Q4 25 | — | $560.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $608.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBANDE
| Q4 25 | $8.2B | $1.2B | ||
| Q3 25 | $8.6B | $1.2B | ||
| Q2 25 | $7.8B | $1.4B | ||
| Q1 25 | $7.9B | $1.4B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.5B | $1.3B | ||
| Q2 24 | $8.0B | $1.3B | ||
| Q1 24 | $7.9B | $1.3B |
总资产ABNBANDE
| Q4 25 | $22.2B | $3.7B | ||
| Q3 25 | $23.1B | $3.3B | ||
| Q2 25 | $27.0B | $3.4B | ||
| Q1 25 | $25.1B | $3.8B | ||
| Q4 24 | $21.0B | $4.1B | ||
| Q3 24 | $22.2B | $3.4B | ||
| Q2 24 | $26.3B | $3.3B | ||
| Q1 24 | $24.5B | $3.3B |
负债/权益比ABNBANDE
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $526.0M | $-6.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-77.1M |
| 自由现金流率自由现金流/营收 | — | -23.4% |
| 资本支出强度资本支出/营收 | — | 21.5% |
| 现金转化率经营现金流/净利润 | 1.54× | -0.09× |
| 过去12个月自由现金流最近4个季度 | — | $-56.1M |
8季度趋势，按日历期对齐
经营现金流ABNBANDE
| Q4 25 | $526.0M | $-6.2M | ||
| Q3 25 | $1.4B | $233.9M | ||
| Q2 25 | $975.0M | $299.3M | ||
| Q1 25 | $1.8B | $-350.0M | ||
| Q4 24 | $466.0M | $268.8M | ||
| Q3 24 | $1.1B | $-2.1M | ||
| Q2 24 | $1.1B | $304.4M | ||
| Q1 24 | $1.9B | $-239.6M |
自由现金流ABNBANDE
| Q4 25 | — | $-77.1M | ||
| Q3 25 | — | $167.0M | ||
| Q2 25 | — | $250.5M | ||
| Q1 25 | — | $-396.6M | ||
| Q4 24 | — | $212.9M | ||
| Q3 24 | — | $-40.0M | ||
| Q2 24 | — | $275.8M | ||
| Q1 24 | — | $-266.4M |
自由现金流率ABNBANDE
| Q4 25 | — | -23.4% | ||
| Q3 25 | — | 56.5% | ||
| Q2 25 | — | 46.8% | ||
| Q1 25 | — | -106.9% | ||
| Q4 24 | — | 63.1% | ||
| Q3 24 | — | -17.2% | ||
| Q2 24 | — | 56.0% | ||
| Q1 24 | — | -78.0% |
资本支出强度ABNBANDE
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 7.8% |
现金转化率ABNBANDE
| Q4 25 | 1.54× | -0.09× | ||
| Q3 25 | 0.99× | 11.61× | ||
| Q2 25 | 1.52× | 38.10× | ||
| Q1 25 | 11.62× | -1232.46× | ||
| Q4 24 | 1.01× | 5.96× | ||
| Q3 24 | 0.79× | -0.08× | ||
| Q2 24 | 1.89× | 8.46× | ||
| Q1 24 | 7.28× | -42.94× |
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% |
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
