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爱彼迎（ABNB）与艾利丹尼森（AVY）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艾利丹尼森的1.2倍（$2.8B vs $2.3B），爱彼迎净利率更高（12.3% vs 7.3%，领先5.0%），爱彼迎同比增速更快（12.0% vs 7.0%），过去两年爱彼迎的营收复合增速更高（13.9% vs 1.4%）
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。
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
ABNB vs AVY — 直观对比
营收规模更大
ABNB
是对方的1.2倍
$2.3B
营收增速更快
ABNB
高出5.0%
7.0%
净利率更高
ABNB
高出5.0%
7.3%
两年增速更快
ABNB
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.3B |
| 净利润 | $341.0M | $168.1M |
| 毛利率 | 82.5% | 28.9% |
| 营业利润率 | 9.7% | 10.7% |
| 净利率 | 12.3% | 7.3% |
| 营收同比 | 12.0% | 7.0% |
| 净利润同比 | -26.0% | 1.1% |
| 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ABNBAVY
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.8B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B |
净利润ABNBAVY
| Q1 26 | — | $168.1M | ||
| Q4 25 | $341.0M | $166.4M | ||
| Q3 25 | $1.4B | $166.3M | ||
| Q2 25 | $642.0M | $189.0M | ||
| Q1 25 | $154.0M | $166.3M | ||
| Q4 24 | $461.0M | $174.0M | ||
| Q3 24 | $1.4B | $181.7M | ||
| Q2 24 | $555.0M | $176.8M |
毛利率ABNBAVY
| Q1 26 | — | 28.9% | ||
| Q4 25 | 82.5% | 28.7% | ||
| Q3 25 | 86.6% | 28.7% | ||
| Q2 25 | 82.4% | 28.8% | ||
| Q1 25 | 77.7% | 28.9% | ||
| Q4 24 | 82.8% | 27.9% | ||
| Q3 24 | 87.5% | 28.7% | ||
| Q2 24 | 81.6% | 29.6% |
营业利润率ABNBAVY
| Q1 26 | — | 10.7% | ||
| Q4 25 | 9.7% | 9.1% | ||
| Q3 25 | 39.7% | 10.6% | ||
| Q2 25 | 19.8% | 11.5% | ||
| Q1 25 | 1.7% | 10.6% | ||
| Q4 24 | 17.3% | 11.0% | ||
| Q3 24 | 40.9% | 11.0% | ||
| Q2 24 | 18.1% | 10.7% |
净利率ABNBAVY
| Q1 26 | — | 7.3% | ||
| Q4 25 | 12.3% | 7.3% | ||
| Q3 25 | 33.6% | 7.5% | ||
| Q2 25 | 20.7% | 8.5% | ||
| Q1 25 | 6.8% | 7.7% | ||
| Q4 24 | 18.6% | 8.0% | ||
| Q3 24 | 36.7% | 8.3% | ||
| Q2 24 | 20.2% | 7.9% |
每股收益（稀释后）ABNBAVY
| Q1 26 | — | — | ||
| Q4 25 | — | $2.16 | ||
| Q3 25 | — | $2.13 | ||
| Q2 25 | — | $2.41 | ||
| Q1 25 | — | $2.09 | ||
| Q4 24 | — | $2.17 | ||
| Q3 24 | — | $2.25 | ||
| Q2 24 | — | $2.18 |
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 | $255.1M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $8.2B | $2.3B |
| 总资产 | $22.2B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 1.38× |
8季度趋势，按日历期对齐
现金及短期投资ABNBAVY
| Q1 26 | — | $255.1M | ||
| Q4 25 | $11.0B | $202.8M | ||
| Q3 25 | $11.7B | $536.3M | ||
| Q2 25 | $11.4B | $215.9M | ||
| Q1 25 | $11.5B | $195.9M | ||
| Q4 24 | $10.6B | $329.1M | ||
| Q3 24 | $11.3B | $212.7M | ||
| Q2 24 | $11.3B | $208.8M |
总债务ABNBAVY
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B |
股东权益ABNBAVY
| Q1 26 | — | $2.3B | ||
| Q4 25 | $8.2B | $2.2B | ||
| Q3 25 | $8.6B | $2.2B | ||
| Q2 25 | $7.8B | $2.2B | ||
| Q1 25 | $7.9B | $2.2B | ||
| Q4 24 | $8.4B | $2.3B | ||
| Q3 24 | $8.5B | $2.4B | ||
| Q2 24 | $8.0B | $2.3B |
总资产ABNBAVY
| Q1 26 | — | $9.0B | ||
| Q4 25 | $22.2B | $8.8B | ||
| Q3 25 | $23.1B | $8.9B | ||
| Q2 25 | $27.0B | $8.6B | ||
| Q1 25 | $25.1B | $8.4B | ||
| Q4 24 | $21.0B | $8.4B | ||
| Q3 24 | $22.2B | $8.5B | ||
| Q2 24 | $26.3B | $8.3B |
负债/权益比ABNBAVY
| Q1 26 | — | 1.38× | ||
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 0.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $104.4M |
| 自由现金流率自由现金流/营收 | — | 4.5% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $869.1M |
8季度趋势，按日历期对齐
经营现金流ABNBAVY
| Q1 26 | — | — | ||
| Q4 25 | $526.0M | $376.8M | ||
| Q3 25 | $1.4B | $312.1M | ||
| Q2 25 | $975.0M | $208.8M | ||
| Q1 25 | $1.8B | $-16.3M | ||
| Q4 24 | $466.0M | $351.2M | ||
| Q3 24 | $1.1B | $270.1M | ||
| Q2 24 | $1.1B | $197.7M |
自由现金流ABNBAVY
| Q1 26 | — | $104.4M | ||
| Q4 25 | — | $309.7M | ||
| Q3 25 | — | $276.2M | ||
| Q2 25 | — | $178.8M | ||
| Q1 25 | — | $-52.3M | ||
| Q4 24 | — | $281.7M | ||
| Q3 24 | — | $227.1M | ||
| Q2 24 | — | $150.2M |
自由现金流率ABNBAVY
| Q1 26 | — | 4.5% | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 6.7% |
资本支出强度ABNBAVY
| Q1 26 | — | — | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.1% |
现金转化率ABNBAVY
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 2.26× | ||
| Q3 25 | 0.99× | 1.88× | ||
| Q2 25 | 1.52× | 1.10× | ||
| Q1 25 | 11.62× | -0.10× | ||
| Q4 24 | 1.01× | 2.02× | ||
| Q3 24 | 0.79× | 1.49× | ||
| Q2 24 | 1.89× | 1.12× |
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% |
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
