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爱彼迎（ABNB）与安富利（AVT）财务数据对比。点击上方公司名可切换其他公司
安富利的季度营收约是爱彼迎的2.3倍（$6.3B vs $2.8B）。爱彼迎净利率更高（12.3% vs 1.0%，领先11.3%）。爱彼迎同比增速更快（12.0% vs 11.6%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 5.7%）
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。
安富利是全球知名的电子元器件分销商，总部位于美国亚利桑那州凤凰城，由查尔斯·安富利于1921年创立，最初起步于曼哈顿无线电街。1955年公司正式注册成立，1961年在纽约证券交易所上市，2018年5月8日转至纳斯达克挂牌交易，股票代码仍为AVT。
ABNB vs AVT — 直观对比
营收规模更大
AVT
是对方的2.3倍
$2.8B
营收增速更快
ABNB
高出0.4%
11.6%
净利率更高
ABNB
高出11.3%
1.0%
两年增速更快
ABNB
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $6.3B |
| 净利润 | $341.0M | $61.7M |
| 毛利率 | 82.5% | 10.5% |
| 营业利润率 | 9.7% | 2.3% |
| 净利率 | 12.3% | 1.0% |
| 营收同比 | 12.0% | 11.6% |
| 净利润同比 | -26.0% | -29.2% |
| 每股收益（稀释后） | — | $0.75 |
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ABNBAVT
| Q4 25 | $2.8B | $6.3B | ||
| Q3 25 | $4.1B | $5.9B | ||
| Q2 25 | $3.1B | $5.6B | ||
| Q1 25 | $2.3B | $5.3B | ||
| Q4 24 | $2.5B | $5.7B | ||
| Q3 24 | $3.7B | $5.6B | ||
| Q2 24 | $2.7B | $5.6B | ||
| Q1 24 | $2.1B | $5.7B |
净利润ABNBAVT
| Q4 25 | $341.0M | $61.7M | ||
| Q3 25 | $1.4B | $51.7M | ||
| Q2 25 | $642.0M | $6.1M | ||
| Q1 25 | $154.0M | $87.9M | ||
| Q4 24 | $461.0M | $87.3M | ||
| Q3 24 | $1.4B | $59.0M | ||
| Q2 24 | $555.0M | $82.7M | ||
| Q1 24 | $264.0M | $88.8M |
毛利率ABNBAVT
| Q4 25 | 82.5% | 10.5% | ||
| Q3 25 | 86.6% | 10.4% | ||
| Q2 25 | 82.4% | 10.6% | ||
| Q1 25 | 77.7% | 11.1% | ||
| Q4 24 | 82.8% | 10.5% | ||
| Q3 24 | 87.5% | 10.8% | ||
| Q2 24 | 81.6% | 11.6% | ||
| Q1 24 | 77.6% | 11.8% |
营业利润率ABNBAVT
| Q4 25 | 9.7% | 2.3% | ||
| Q3 25 | 39.7% | 2.4% | ||
| Q2 25 | 19.8% | 1.3% | ||
| Q1 25 | 1.7% | 2.7% | ||
| Q4 24 | 17.3% | 2.7% | ||
| Q3 24 | 40.9% | 2.5% | ||
| Q2 24 | 18.1% | 3.0% | ||
| Q1 24 | 4.7% | 3.4% |
净利率ABNBAVT
| Q4 25 | 12.3% | 1.0% | ||
| Q3 25 | 33.6% | 0.9% | ||
| Q2 25 | 20.7% | 0.1% | ||
| Q1 25 | 6.8% | 1.7% | ||
| Q4 24 | 18.6% | 1.5% | ||
| Q3 24 | 36.7% | 1.1% | ||
| Q2 24 | 20.2% | 1.5% | ||
| Q1 24 | 12.3% | 1.6% |
每股收益（稀释后）ABNBAVT
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.61 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $1.01 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | — | $0.66 | ||
| Q2 24 | — | $0.93 | ||
| Q1 24 | — | $0.97 |
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 | $286.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $4.9B |
| 总资产 | $22.2B | $13.2B |
| 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ABNBAVT
| Q4 25 | $11.0B | $286.5M | ||
| Q3 25 | $11.7B | $175.5M | ||
| Q2 25 | $11.4B | $192.4M | ||
| Q1 25 | $11.5B | $188.9M | ||
| Q4 24 | $10.6B | $172.1M | ||
| Q3 24 | $11.3B | $267.5M | ||
| Q2 24 | $11.3B | $310.9M | ||
| Q1 24 | $11.1B | $218.5M |
股东权益ABNBAVT
| Q4 25 | $8.2B | $4.9B | ||
| Q3 25 | $8.6B | $4.8B | ||
| Q2 25 | $7.8B | $5.0B | ||
| Q1 25 | $7.9B | $4.9B | ||
| Q4 24 | $8.4B | $4.8B | ||
| Q3 24 | $8.5B | $5.0B | ||
| Q2 24 | $8.0B | $4.9B | ||
| Q1 24 | $7.9B | $5.0B |
总资产ABNBAVT
| Q4 25 | $22.2B | $13.2B | ||
| Q3 25 | $23.1B | $12.4B | ||
| Q2 25 | $27.0B | $12.1B | ||
| Q1 25 | $25.1B | $11.7B | ||
| Q4 24 | $21.0B | $11.9B | ||
| Q3 24 | $22.2B | $12.6B | ||
| Q2 24 | $26.3B | $12.2B | ||
| Q1 24 | $24.5B | $12.3B |
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 | $208.2M |
| 自由现金流经营现金流 - 资本支出 | — | $192.9M |
| 自由现金流率自由现金流/营收 | — | 3.1% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 1.54× | 3.37× |
| 过去12个月自由现金流最近4个季度 | — | $217.7M |
8季度趋势，按日历期对齐
经营现金流ABNBAVT
| Q4 25 | $526.0M | $208.2M | ||
| Q3 25 | $1.4B | $-144.6M | ||
| Q2 25 | $975.0M | $139.5M | ||
| Q1 25 | $1.8B | $140.9M | ||
| Q4 24 | $466.0M | $337.8M | ||
| Q3 24 | $1.1B | $106.3M | ||
| Q2 24 | $1.1B | $274.3M | ||
| Q1 24 | $1.9B | $499.3M |
自由现金流ABNBAVT
| Q4 25 | — | $192.9M | ||
| Q3 25 | — | $-169.2M | ||
| Q2 25 | — | $79.9M | ||
| Q1 25 | — | $114.1M | ||
| Q4 24 | — | $308.5M | ||
| Q3 24 | — | $74.5M | ||
| Q2 24 | — | $248.0M | ||
| Q1 24 | — | $457.2M |
自由现金流率ABNBAVT
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | -2.9% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 8.1% |
资本支出强度ABNBAVT
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBAVT
| Q4 25 | 1.54× | 3.37× | ||
| Q3 25 | 0.99× | -2.79× | ||
| Q2 25 | 1.52× | 22.91× | ||
| Q1 25 | 11.62× | 1.60× | ||
| Q4 24 | 1.01× | 3.87× | ||
| Q3 24 | 0.79× | 1.80× | ||
| Q2 24 | 1.89× | 3.32× | ||
| Q1 24 | 7.28× | 5.62× |
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% |
AVT
| Electronic Components | $5.9B | 93% |
| Premier Farnell | $427.1M | 7% |
