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爱彼迎（ABNB）与AerSale Corp（ASLE）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AerSale Corp的30.5倍（$2.8B vs $90.9M）。爱彼迎净利率更高（12.3% vs 5.9%，领先6.3%）。爱彼迎同比增速更快（12.0% vs -4.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 0.2%）
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。
AerSale Corp总部位于美国佛罗里达州多拉市，是一家面向航空领域的全球供应商，主要为客运及货运航空公司、政府机构、跨国整机制造商与独立维修机构提供商用喷气飞机二手整机、发动机、航空耗材，并提供航空工程服务，同时该公司也是飞机机队回收协会的成员企业。
ABNB vs ASLE — 直观对比
营收规模更大
ABNB
是对方的30.5倍
$90.9M
营收增速更快
ABNB
高出16.0%
-4.0%
净利率更高
ABNB
高出6.3%
5.9%
两年增速更快
ABNB
近两年复合增速
0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $90.9M |
| 净利润 | $341.0M | $5.4M |
| 毛利率 | 82.5% | 34.1% |
| 营业利润率 | 9.7% | 7.8% |
| 净利率 | 12.3% | 5.9% |
| 营收同比 | 12.0% | -4.0% |
| 净利润同比 | -26.0% | 99.7% |
| 每股收益（稀释后） | — | $0.10 |
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ABNBASLE
| Q4 25 | $2.8B | $90.9M | ||
| Q3 25 | $4.1B | $71.2M | ||
| Q2 25 | $3.1B | $107.4M | ||
| Q1 25 | $2.3B | $65.8M | ||
| Q4 24 | $2.5B | $94.7M | ||
| Q3 24 | $3.7B | $82.7M | ||
| Q2 24 | $2.7B | $77.1M | ||
| Q1 24 | $2.1B | $90.5M |
净利润ABNBASLE
| Q4 25 | $341.0M | $5.4M | ||
| Q3 25 | $1.4B | $-120.0K | ||
| Q2 25 | $642.0M | $8.6M | ||
| Q1 25 | $154.0M | $-5.3M | ||
| Q4 24 | $461.0M | $2.7M | ||
| Q3 24 | $1.4B | $509.0K | ||
| Q2 24 | $555.0M | $-3.6M | ||
| Q1 24 | $264.0M | $6.3M |
毛利率ABNBASLE
| Q4 25 | 82.5% | 34.1% | ||
| Q3 25 | 86.6% | 30.2% | ||
| Q2 25 | 82.4% | 32.9% | ||
| Q1 25 | 77.7% | 27.3% | ||
| Q4 24 | 82.8% | 31.4% | ||
| Q3 24 | 87.5% | 28.6% | ||
| Q2 24 | 81.6% | 28.2% | ||
| Q1 24 | 77.6% | 31.8% |
营业利润率ABNBASLE
| Q4 25 | 9.7% | 7.8% | ||
| Q3 25 | 39.7% | 4.0% | ||
| Q2 25 | 19.8% | 11.7% | ||
| Q1 25 | 1.7% | -10.1% | ||
| Q4 24 | 17.3% | 5.2% | ||
| Q3 24 | 40.9% | 2.4% | ||
| Q2 24 | 18.1% | -2.4% | ||
| Q1 24 | 4.7% | 5.2% |
净利率ABNBASLE
| Q4 25 | 12.3% | 5.9% | ||
| Q3 25 | 33.6% | -0.2% | ||
| Q2 25 | 20.7% | 8.0% | ||
| Q1 25 | 6.8% | -8.0% | ||
| Q4 24 | 18.6% | 2.9% | ||
| Q3 24 | 36.7% | 0.6% | ||
| Q2 24 | 20.2% | -4.7% | ||
| Q1 24 | 12.3% | 6.9% |
每股收益（稀释后）ABNBASLE
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | $0.12 |
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 | $4.4M |
| 总债务越低越好 | — | $1.3M |
| 股东权益账面价值 | $8.2B | $424.4M |
| 总资产 | $22.2B | $640.5M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ABNBASLE
| Q4 25 | $11.0B | $4.4M | ||
| Q3 25 | $11.7B | $5.3M | ||
| Q2 25 | $11.4B | $5.7M | ||
| Q1 25 | $11.5B | $4.7M | ||
| Q4 24 | $10.6B | $4.7M | ||
| Q3 24 | $11.3B | $9.8M | ||
| Q2 24 | $11.3B | $4.3M | ||
| Q1 24 | $11.1B | $2.6M |
总债务ABNBASLE
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $907.0K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $376.0K | ||
| Q2 24 | — | $522.0K | ||
| Q1 24 | — | $3.5M |
股东权益ABNBASLE
| Q4 25 | $8.2B | $424.4M | ||
| Q3 25 | $8.6B | $417.1M | ||
| Q2 25 | $7.8B | $415.9M | ||
| Q1 25 | $7.9B | $406.5M | ||
| Q4 24 | $8.4B | $455.6M | ||
| Q3 24 | $8.5B | $451.5M | ||
| Q2 24 | $8.0B | $449.8M | ||
| Q1 24 | $7.9B | $452.0M |
总资产ABNBASLE
| Q4 25 | $22.2B | $640.5M | ||
| Q3 25 | $23.1B | $646.3M | ||
| Q2 25 | $27.0B | $646.7M | ||
| Q1 25 | $25.1B | $646.1M | ||
| Q4 24 | $21.0B | $604.7M | ||
| Q3 24 | $22.2B | $601.5M | ||
| Q2 24 | $26.3B | $598.7M | ||
| Q1 24 | $24.5B | $571.7M |
负债/权益比ABNBASLE
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.01× |
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 | $11.4M |
| 自由现金流经营现金流 - 资本支出 | — | $9.8M |
| 自由现金流率自由现金流/营收 | — | 10.8% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 1.54× | 2.11× |
| 过去12个月自由现金流最近4个季度 | — | $-29.1M |
8季度趋势，按日历期对齐
经营现金流ABNBASLE
| Q4 25 | $526.0M | $11.4M | ||
| Q3 25 | $1.4B | $-8.9M | ||
| Q2 25 | $975.0M | $19.8M | ||
| Q1 25 | $1.8B | $-45.2M | ||
| Q4 24 | $466.0M | $37.5M | ||
| Q3 24 | $1.1B | $10.4M | ||
| Q2 24 | $1.1B | $-15.3M | ||
| Q1 24 | $1.9B | $-21.5M |
自由现金流ABNBASLE
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | — | $-47.6M | ||
| Q4 24 | — | $32.3M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $-18.9M | ||
| Q1 24 | — | $-25.0M |
自由现金流率ABNBASLE
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | -72.4% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | -24.6% | ||
| Q1 24 | — | -27.7% |
资本支出强度ABNBASLE
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.9% |
现金转化率ABNBASLE
| Q4 25 | 1.54× | 2.11× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | 2.31× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 13.89× | ||
| Q3 24 | 0.79× | 20.52× | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 7.28× | -3.42× |
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% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
