vs
爱彼迎（ABNB）与勃肯（BIRK）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勃肯的5.3倍（$2.8B vs $526.3M）。勃肯净利率更高（19.3% vs 12.3%，领先7.0%）。过去两年勃肯的营收复合增速更高（26.8% vs 13.9%）
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。
勃肯是源自德国的知名鞋履制造商，1774年成立，总部位于莱茵兰-普法尔茨州维德河畔诺伊施塔特。品牌标志性产品采用麂皮、黄麻层叠打造的弧形软木鞋垫，可贴合穿着者脚型，尤以舒适凉鞋品类闻名，创立初衷是为替代当时普遍的平底鞋，推出兼具支撑性与贴合度的鞋款。
ABNB vs BIRK — 直观对比
营收规模更大
ABNB
是对方的5.3倍
$526.3M
净利率更高
BIRK
高出7.0%
12.3%
两年增速更快
BIRK
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $526.3M |
| 净利润 | $341.0M | $101.4M |
| 毛利率 | 82.5% | 62.8% |
| 营业利润率 | 9.7% | 23.0% |
| 净利率 | 12.3% | 19.3% |
| 营收同比 | 12.0% | — |
| 净利润同比 | -26.0% | — |
| 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ABNBBIRK
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $526.3M | ||
| Q2 25 | $3.1B | $685.8M | ||
| Q1 25 | $2.3B | $620.3M | ||
| Q4 24 | $2.5B | $390.7M | ||
| Q3 24 | $3.7B | $455.8M | ||
| Q2 24 | $2.7B | $609.9M | ||
| Q1 24 | $2.1B | $519.7M |
净利润ABNBBIRK
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $101.4M | ||
| Q2 25 | $642.0M | $139.6M | ||
| Q1 25 | $154.0M | $113.5M | ||
| Q4 24 | $461.0M | $21.7M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $555.0M | $80.6M | ||
| Q1 24 | $264.0M | $77.4M |
毛利率ABNBBIRK
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | 62.8% | ||
| Q2 25 | 82.4% | 60.5% | ||
| Q1 25 | 77.7% | 57.7% | ||
| Q4 24 | 82.8% | 60.3% | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | 59.5% | ||
| Q1 24 | 77.6% | 56.3% |
营业利润率ABNBBIRK
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 23.0% | ||
| Q2 25 | 19.8% | 31.2% | ||
| Q1 25 | 1.7% | 30.5% | ||
| Q4 24 | 17.3% | 17.7% | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 18.1% | 27.5% | ||
| Q1 24 | 4.7% | 27.5% |
净利率ABNBBIRK
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 19.3% | ||
| Q2 25 | 20.7% | 20.3% | ||
| Q1 25 | 6.8% | 18.3% | ||
| Q4 24 | 18.6% | 5.6% | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 20.2% | 13.2% | ||
| Q1 24 | 12.3% | 14.9% |
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 | $355.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.9B |
| 总资产 | $22.2B | $5.3B |
| 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ABNBBIRK
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | $355.4M | ||
| Q2 25 | $11.4B | $282.8M | ||
| Q1 25 | $11.5B | $254.2M | ||
| Q4 24 | $10.6B | $322.5M | ||
| Q3 24 | $11.3B | $384.3M | ||
| Q2 24 | $11.3B | $436.7M | ||
| Q1 24 | $11.1B | $189.8M |
股东权益ABNBBIRK
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $2.9B | ||
| Q2 25 | $7.8B | $2.8B | ||
| Q1 25 | $7.9B | $3.0B | ||
| Q4 24 | $8.4B | $3.0B | ||
| Q3 24 | $8.5B | $2.8B | ||
| Q2 24 | $8.0B | $2.8B | ||
| Q1 24 | $7.9B | $2.7B |
总资产ABNBBIRK
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $5.3B | ||
| Q2 25 | $27.0B | $5.3B | ||
| Q1 25 | $25.1B | $5.4B | ||
| Q4 24 | $21.0B | $5.4B | ||
| Q3 24 | $22.2B | $5.3B | ||
| Q2 24 | $26.3B | $5.4B | ||
| Q1 24 | $24.5B | $5.2B |
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 | $415.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | 4.09× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBBIRK
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $415.0M | ||
| Q2 25 | $975.0M | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | $-12.6M | ||
| Q3 24 | $1.1B | $463.0M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.9B | — |
现金转化率ABNBBIRK
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 4.09× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | -0.58× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| 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% |
BIRK
暂无分部数据
