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爱彼迎（ABNB）与ASPEN AEROGELS INC（ASPN）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ASPEN AEROGELS INC的67.2倍（$2.8B vs $41.3M）。爱彼迎净利率更高（12.3% vs -176.4%，领先188.7%）。爱彼迎同比增速更快（12.0% vs -66.4%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -33.9%）
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。
Aspen Aerogels Inc是全球领先的气凝胶基高性能隔热及热管理材料生产商，产品广泛应用于可再生能源、油气基础设施、航空航天、商业建筑与工业制造领域，核心市场覆盖北美、欧洲及亚太地区，旗下材料以优异的耐热性、防火性能和轻量化特性广受客户认可。
ABNB vs ASPN — 直观对比
营收规模更大
ABNB
是对方的67.2倍
$41.3M
营收增速更快
ABNB
高出78.4%
-66.4%
净利率更高
ABNB
高出188.7%
-176.4%
两年增速更快
ABNB
近两年复合增速
-33.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $41.3M |
| 净利润 | $341.0M | $-72.9M |
| 毛利率 | 82.5% | -55.5% |
| 营业利润率 | 9.7% | -170.3% |
| 净利率 | 12.3% | -176.4% |
| 营收同比 | 12.0% | -66.4% |
| 净利润同比 | -26.0% | -741.7% |
| 每股收益（稀释后） | — | $-0.87 |
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ABNBASPN
| Q4 25 | $2.8B | $41.3M | ||
| Q3 25 | $4.1B | $73.0M | ||
| Q2 25 | $3.1B | $78.0M | ||
| Q1 25 | $2.3B | $78.7M | ||
| Q4 24 | $2.5B | $123.1M | ||
| Q3 24 | $3.7B | $117.3M | ||
| Q2 24 | $2.7B | $117.8M | ||
| Q1 24 | $2.1B | $94.5M |
净利润ABNBASPN
| Q4 25 | $341.0M | $-72.9M | ||
| Q3 25 | $1.4B | $-6.3M | ||
| Q2 25 | $642.0M | $-9.1M | ||
| Q1 25 | $154.0M | $-301.2M | ||
| Q4 24 | $461.0M | $11.4M | ||
| Q3 24 | $1.4B | $-13.0M | ||
| Q2 24 | $555.0M | $16.8M | ||
| Q1 24 | $264.0M | $-1.8M |
毛利率ABNBASPN
| Q4 25 | 82.5% | -55.5% | ||
| Q3 25 | 86.6% | 28.5% | ||
| Q2 25 | 82.4% | 32.4% | ||
| Q1 25 | 77.7% | 29.0% | ||
| Q4 24 | 82.8% | 38.3% | ||
| Q3 24 | 87.5% | 41.8% | ||
| Q2 24 | 81.6% | 43.8% | ||
| Q1 24 | 77.6% | 37.2% |
营业利润率ABNBASPN
| Q4 25 | 9.7% | -170.3% | ||
| Q3 25 | 39.7% | -4.6% | ||
| Q2 25 | 19.8% | -6.6% | ||
| Q1 25 | 1.7% | -380.2% | ||
| Q4 24 | 17.3% | 12.0% | ||
| Q3 24 | 40.9% | 14.8% | ||
| Q2 24 | 18.1% | 17.0% | ||
| Q1 24 | 4.7% | 2.6% |
净利率ABNBASPN
| Q4 25 | 12.3% | -176.4% | ||
| Q3 25 | 33.6% | -8.7% | ||
| Q2 25 | 20.7% | -11.6% | ||
| Q1 25 | 6.8% | -382.7% | ||
| Q4 24 | 18.6% | 9.2% | ||
| Q3 24 | 36.7% | -11.1% | ||
| Q2 24 | 20.2% | 14.3% | ||
| Q1 24 | 12.3% | -1.9% |
每股收益（稀释后）ABNBASPN
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.11 | ||
| Q1 25 | — | $-3.67 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $-0.02 |
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 | $156.9M |
| 总债务越低越好 | — | $65.5M |
| 股东权益账面价值 | $8.2B | $235.5M |
| 总资产 | $22.2B | $406.7M |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资ABNBASPN
| Q4 25 | $11.0B | $156.9M | ||
| Q3 25 | $11.7B | $150.7M | ||
| Q2 25 | $11.4B | $167.6M | ||
| Q1 25 | $11.5B | $192.0M | ||
| Q4 24 | $10.6B | $220.9M | ||
| Q3 24 | $11.3B | $113.5M | ||
| Q2 24 | $11.3B | $91.4M | ||
| Q1 24 | $11.1B | $101.5M |
总债务ABNBASPN
| Q4 25 | — | $65.5M | ||
| Q3 25 | — | $70.1M | ||
| Q2 25 | — | $77.3M | ||
| Q1 25 | — | $95.4M | ||
| Q4 24 | — | $95.0M | ||
| Q3 24 | — | $93.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBASPN
| Q4 25 | $8.2B | $235.5M | ||
| Q3 25 | $8.6B | $305.7M | ||
| Q2 25 | $7.8B | $308.8M | ||
| Q1 25 | $7.9B | $314.8M | ||
| Q4 24 | $8.4B | $614.7M | ||
| Q3 24 | $8.5B | $507.6M | ||
| Q2 24 | $8.0B | $517.8M | ||
| Q1 24 | $7.9B | $491.2M |
总资产ABNBASPN
| Q4 25 | $22.2B | $406.7M | ||
| Q3 25 | $23.1B | $491.4M | ||
| Q2 25 | $27.0B | $525.1M | ||
| Q1 25 | $25.1B | $555.0M | ||
| Q4 24 | $21.0B | $895.1M | ||
| Q3 24 | $22.2B | $782.6M | ||
| Q2 24 | $26.3B | $748.6M | ||
| Q1 24 | $24.5B | $698.0M |
负债/权益比ABNBASPN
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.18× | ||
| 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 | $16.1M |
| 自由现金流经营现金流 - 资本支出 | — | $13.7M |
| 自由现金流率自由现金流/营收 | — | 33.1% |
| 资本支出强度资本支出/营收 | — | 6.0% |
| 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 | — | $-4.6M |
8季度趋势，按日历期对齐
经营现金流ABNBASPN
| Q4 25 | $526.0M | $16.1M | ||
| Q3 25 | $1.4B | $15.0M | ||
| Q2 25 | $975.0M | $-3.9M | ||
| Q1 25 | $1.8B | $5.6M | ||
| Q4 24 | $466.0M | $35.7M | ||
| Q3 24 | $1.1B | $20.8M | ||
| Q2 24 | $1.1B | $6.8M | ||
| Q1 24 | $1.9B | $-17.7M |
自由现金流ABNBASPN
| Q4 25 | — | $13.7M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $-16.8M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $20.9M | ||
| Q3 24 | — | $-50.0K | ||
| Q2 24 | — | $-18.0M | ||
| Q1 24 | — | $-43.6M |
自由现金流率ABNBASPN
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | -21.6% | ||
| Q1 25 | — | -9.4% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | -15.3% | ||
| Q1 24 | — | -46.1% |
资本支出强度ABNBASPN
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 17.7% | ||
| Q2 24 | — | 21.1% | ||
| Q1 24 | — | 27.4% |
现金转化率ABNBASPN
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 3.14× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 0.41× | ||
| Q1 24 | 7.28× | — |
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% |
ASPN
| Energy Industrial | $14.5M | 35% |
| Other | $13.9M | 34% |
| Thermal Barrier | $12.9M | 31% |
