vs
爱彼迎（ABNB）与亚什兰（ASH）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亚什兰的7.2倍（$2.8B vs $386.0M）。爱彼迎净利率更高（12.3% vs -3.1%，领先15.4%）。爱彼迎同比增速更快（12.0% vs -4.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -18.1%）
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。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
ABNB vs ASH — 直观对比
营收规模更大
ABNB
是对方的7.2倍
$386.0M
营收增速更快
ABNB
高出16.7%
-4.7%
净利率更高
ABNB
高出15.4%
-3.1%
两年增速更快
ABNB
近两年复合增速
-18.1%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $386.0M |
| 净利润 | $341.0M | $-12.0M |
| 毛利率 | 82.5% | 27.2% |
| 营业利润率 | 9.7% | -1.6% |
| 净利率 | 12.3% | -3.1% |
| 营收同比 | 12.0% | -4.7% |
| 净利润同比 | -26.0% | 92.7% |
| 每股收益（稀释后） | — | $-0.26 |
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ABNBASH
| Q4 25 | $2.8B | $386.0M | ||
| Q3 25 | $4.1B | $477.0M | ||
| Q2 25 | $3.1B | $463.0M | ||
| Q1 25 | $2.3B | $479.0M | ||
| Q4 24 | $2.5B | $405.0M | ||
| Q3 24 | $3.7B | $521.0M | ||
| Q2 24 | $2.7B | $544.0M | ||
| Q1 24 | $2.1B | $575.0M |
净利润ABNBASH
| Q4 25 | $341.0M | $-12.0M | ||
| Q3 25 | $1.4B | $31.0M | ||
| Q2 25 | $642.0M | $-742.0M | ||
| Q1 25 | $154.0M | $31.0M | ||
| Q4 24 | $461.0M | $-165.0M | ||
| Q3 24 | $1.4B | $17.0M | ||
| Q2 24 | $555.0M | $6.0M | ||
| Q1 24 | $264.0M | $120.0M |
毛利率ABNBASH
| Q4 25 | 82.5% | 27.2% | ||
| Q3 25 | 86.6% | 33.3% | ||
| Q2 25 | 82.4% | 28.5% | ||
| Q1 25 | 77.7% | 30.7% | ||
| Q4 24 | 82.8% | 27.4% | ||
| Q3 24 | 87.5% | 33.2% | ||
| Q2 24 | 81.6% | 34.2% | ||
| Q1 24 | 77.6% | 28.0% |
营业利润率ABNBASH
| Q4 25 | 9.7% | -1.6% | ||
| Q3 25 | 39.7% | 12.8% | ||
| Q2 25 | 19.8% | -152.9% | ||
| Q1 25 | 1.7% | 10.6% | ||
| Q4 24 | 17.3% | -44.2% | ||
| Q3 24 | 40.9% | 6.1% | ||
| Q2 24 | 18.1% | -11.2% | ||
| Q1 24 | 4.7% | 3.7% |
净利率ABNBASH
| Q4 25 | 12.3% | -3.1% | ||
| Q3 25 | 33.6% | 6.5% | ||
| Q2 25 | 20.7% | -160.3% | ||
| Q1 25 | 6.8% | 6.5% | ||
| Q4 24 | 18.6% | -40.7% | ||
| Q3 24 | 36.7% | 3.3% | ||
| Q2 24 | 20.2% | 1.1% | ||
| Q1 24 | 12.3% | 20.9% |
每股收益（稀释后）ABNBASH
| Q4 25 | — | $-0.26 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $-16.21 | ||
| Q1 25 | — | $0.65 | ||
| Q4 24 | — | $-3.50 | ||
| Q3 24 | — | $0.34 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $2.39 |
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 | $304.0M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $8.2B | $1.9B |
| 总资产 | $22.2B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资ABNBASH
| Q4 25 | $11.0B | $304.0M | ||
| Q3 25 | $11.7B | $215.0M | ||
| Q2 25 | $11.4B | $207.0M | ||
| Q1 25 | $11.5B | $168.0M | ||
| Q4 24 | $10.6B | $219.0M | ||
| Q3 24 | $11.3B | $300.0M | ||
| Q2 24 | $11.3B | $399.0M | ||
| Q1 24 | $11.1B | $439.0M |
总债务ABNBASH
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益ABNBASH
| Q4 25 | $8.2B | $1.9B | ||
| Q3 25 | $8.6B | $1.9B | ||
| Q2 25 | $7.8B | $1.9B | ||
| Q1 25 | $7.9B | $2.6B | ||
| Q4 24 | $8.4B | $2.6B | ||
| Q3 24 | $8.5B | $2.9B | ||
| Q2 24 | $8.0B | $3.0B | ||
| Q1 24 | $7.9B | $3.1B |
总资产ABNBASH
| Q4 25 | $22.2B | $4.5B | ||
| Q3 25 | $23.1B | $4.6B | ||
| Q2 25 | $27.0B | $4.6B | ||
| Q1 25 | $25.1B | $5.2B | ||
| Q4 24 | $21.0B | $5.2B | ||
| Q3 24 | $22.2B | $5.6B | ||
| Q2 24 | $26.3B | $5.7B | ||
| Q1 24 | $24.5B | $5.9B |
负债/权益比ABNBASH
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | 0.42× |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | — | $111.0M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 现金转化率经营现金流/净利润 | 1.54× | — |
| 过去12个月自由现金流最近4个季度 | — | $200.0M |
8季度趋势，按日历期对齐
经营现金流ABNBASH
| Q4 25 | $526.0M | $125.0M | ||
| Q3 25 | $1.4B | $40.0M | ||
| Q2 25 | $975.0M | $115.0M | ||
| Q1 25 | $1.8B | $9.0M | ||
| Q4 24 | $466.0M | $-30.0M | ||
| Q3 24 | $1.1B | $80.0M | ||
| Q2 24 | $1.1B | $127.0M | ||
| Q1 24 | $1.9B | $54.0M |
自由现金流ABNBASH
| Q4 25 | — | $111.0M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $-53.0M | ||
| Q3 24 | — | $42.0M | ||
| Q2 24 | — | $98.0M | ||
| Q1 24 | — | $20.0M |
自由现金流率ABNBASH
| Q4 25 | — | 28.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -13.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 18.0% | ||
| Q1 24 | — | 3.5% |
资本支出强度ABNBASH
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 5.9% |
现金转化率ABNBASH
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 1.29× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | 0.29× | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 4.71× | ||
| Q2 24 | 1.89× | 21.17× | ||
| Q1 24 | 7.28× | 0.45× |
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% |
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
