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爱彼迎（ABNB）与ACUITY INC. (DE)（AYI）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ACUITY INC. (DE)的2.4倍（$2.8B vs $1.1B）。爱彼迎净利率更高（12.3% vs 10.5%，领先1.7%）。ACUITY INC. (DE)同比增速更快（20.2% vs 12.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 12.4%）
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ABNB vs AYI — 直观对比
营收规模更大
ABNB
是对方的2.4倍
$1.1B
营收增速更快
AYI
高出8.2%
12.0%
净利率更高
ABNB
高出1.7%
10.5%
两年增速更快
ABNB
近两年复合增速
12.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.1B |
| 净利润 | $341.0M | $120.5M |
| 毛利率 | 82.5% | 48.4% |
| 营业利润率 | 9.7% | 14.0% |
| 净利率 | 12.3% | 10.5% |
| 营收同比 | 12.0% | 20.2% |
| 净利润同比 | -26.0% | 12.9% |
| 每股收益（稀释后） | — | $3.82 |
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ABNBAYI
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.5B | $951.6M | ||
| Q3 24 | $3.7B | $1.0B | ||
| Q2 24 | $2.7B | $968.1M | ||
| Q1 24 | $2.1B | $905.9M |
净利润ABNBAYI
| Q4 25 | $341.0M | $120.5M | ||
| Q3 25 | $1.4B | $114.0M | ||
| Q2 25 | $642.0M | $98.4M | ||
| Q1 25 | $154.0M | $77.5M | ||
| Q4 24 | $461.0M | $106.7M | ||
| Q3 24 | $1.4B | $118.9M | ||
| Q2 24 | $555.0M | $113.9M | ||
| Q1 24 | $264.0M | $89.2M |
毛利率ABNBAYI
| Q4 25 | 82.5% | 48.4% | ||
| Q3 25 | 86.6% | 48.9% | ||
| Q2 25 | 82.4% | 48.4% | ||
| Q1 25 | 77.7% | 46.5% | ||
| Q4 24 | 82.8% | 47.2% | ||
| Q3 24 | 87.5% | 47.3% | ||
| Q2 24 | 81.6% | 46.7% | ||
| Q1 24 | 77.6% | 45.5% |
营业利润率ABNBAYI
| Q4 25 | 9.7% | 14.0% | ||
| Q3 25 | 39.7% | 14.9% | ||
| Q2 25 | 19.8% | 11.9% | ||
| Q1 25 | 1.7% | 11.0% | ||
| Q4 24 | 17.3% | 14.0% | ||
| Q3 24 | 40.9% | 15.2% | ||
| Q2 24 | 18.1% | 15.0% | ||
| Q1 24 | 4.7% | 13.0% |
净利率ABNBAYI
| Q4 25 | 12.3% | 10.5% | ||
| Q3 25 | 33.6% | 9.4% | ||
| Q2 25 | 20.7% | 8.3% | ||
| Q1 25 | 6.8% | 7.7% | ||
| Q4 24 | 18.6% | 11.2% | ||
| Q3 24 | 36.7% | 11.5% | ||
| Q2 24 | 20.2% | 11.8% | ||
| Q1 24 | 12.3% | 9.8% |
每股收益（稀释后）ABNBAYI
| Q4 25 | — | $3.82 | ||
| Q3 25 | — | $3.61 | ||
| Q2 25 | — | $3.12 | ||
| Q1 25 | — | $2.45 | ||
| Q4 24 | — | $3.35 | ||
| Q3 24 | — | $3.77 | ||
| Q2 24 | — | $3.62 | ||
| Q1 24 | — | $2.84 |
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 | $376.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.8B |
| 总资产 | $22.2B | $4.7B |
| 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ABNBAYI
| Q4 25 | $11.0B | $376.1M | ||
| Q3 25 | $11.7B | $422.5M | ||
| Q2 25 | $11.4B | $371.8M | ||
| Q1 25 | $11.5B | $397.9M | ||
| Q4 24 | $10.6B | $935.6M | ||
| Q3 24 | $11.3B | $845.8M | ||
| Q2 24 | $11.3B | $699.0M | ||
| Q1 24 | $11.1B | $578.9M |
股东权益ABNBAYI
| Q4 25 | $8.2B | $2.8B | ||
| Q3 25 | $8.6B | $2.7B | ||
| Q2 25 | $7.8B | $2.6B | ||
| Q1 25 | $7.9B | $2.5B | ||
| Q4 24 | $8.4B | $2.5B | ||
| Q3 24 | $8.5B | $2.4B | ||
| Q2 24 | $8.0B | $2.3B | ||
| Q1 24 | $7.9B | $2.1B |
总资产ABNBAYI
| Q4 25 | $22.2B | $4.7B | ||
| Q3 25 | $23.1B | $4.8B | ||
| Q2 25 | $27.0B | $4.6B | ||
| Q1 25 | $25.1B | $4.6B | ||
| Q4 24 | $21.0B | $3.9B | ||
| Q3 24 | $22.2B | $3.8B | ||
| Q2 24 | $26.3B | $3.6B | ||
| Q1 24 | $24.5B | $3.5B |
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 | $140.8M |
| 自由现金流经营现金流 - 资本支出 | — | $114.8M |
| 自由现金流率自由现金流/营收 | — | 10.0% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.17× |
| 过去12个月自由现金流最近4个季度 | — | $534.5M |
8季度趋势，按日历期对齐
经营现金流ABNBAYI
| Q4 25 | $526.0M | $140.8M | ||
| Q3 25 | $1.4B | $202.5M | ||
| Q2 25 | $975.0M | $207.3M | ||
| Q1 25 | $1.8B | $59.4M | ||
| Q4 24 | $466.0M | $132.2M | ||
| Q3 24 | $1.1B | $174.1M | ||
| Q2 24 | $1.1B | $152.5M | ||
| Q1 24 | $1.9B | $102.6M |
自由现金流ABNBAYI
| Q4 25 | — | $114.8M | ||
| Q3 25 | — | $177.7M | ||
| Q2 25 | — | $192.3M | ||
| Q1 25 | — | $49.7M | ||
| Q4 24 | — | $113.3M | ||
| Q3 24 | — | $151.1M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | — | $88.2M |
自由现金流率ABNBAYI
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | — | 9.7% |
资本支出强度ABNBAYI
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.6% |
现金转化率ABNBAYI
| Q4 25 | 1.54× | 1.17× | ||
| Q3 25 | 0.99× | 1.78× | ||
| Q2 25 | 1.52× | 2.11× | ||
| Q1 25 | 11.62× | 0.77× | ||
| Q4 24 | 1.01× | 1.24× | ||
| Q3 24 | 0.79× | 1.46× | ||
| Q2 24 | 1.89× | 1.34× | ||
| Q1 24 | 7.28× | 1.15× |
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% |
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
