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爱彼迎（ABNB）与BlueLinx Holdings Inc.（BXC）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BlueLinx Holdings Inc.的3.7倍（$2.8B vs $748.9M），爱彼迎净利率更高（12.3% vs 0.2%，领先12.1%），爱彼迎同比增速更快（12.0% vs 0.2%），过去两年爱彼迎的营收复合增速更高（13.9% vs 2.5%）
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。
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
ABNB vs BXC — 直观对比
营收规模更大
ABNB
是对方的3.7倍
$748.9M
营收增速更快
ABNB
高出11.8%
0.2%
净利率更高
ABNB
高出12.1%
0.2%
两年增速更快
ABNB
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $748.9M |
| 净利润 | $341.0M | $1.7M |
| 毛利率 | 82.5% | 14.4% |
| 营业利润率 | 9.7% | 1.3% |
| 净利率 | 12.3% | 0.2% |
| 营收同比 | 12.0% | 0.2% |
| 净利润同比 | -26.0% | -89.7% |
| 每股收益（稀释后） | — | $0.20 |
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ABNBBXC
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $748.9M | ||
| Q2 25 | $3.1B | $780.1M | ||
| Q1 25 | $2.3B | $709.2M | ||
| Q4 24 | $2.5B | $710.6M | ||
| Q3 24 | $3.7B | $747.3M | ||
| Q2 24 | $2.7B | $768.4M | ||
| Q1 24 | $2.1B | $726.2M |
净利润ABNBBXC
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $1.7M | ||
| Q2 25 | $642.0M | $4.3M | ||
| Q1 25 | $154.0M | $2.8M | ||
| Q4 24 | $461.0M | — | ||
| Q3 24 | $1.4B | $16.0M | ||
| Q2 24 | $555.0M | $14.3M | ||
| Q1 24 | $264.0M | $17.5M |
毛利率ABNBBXC
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | 14.4% | ||
| Q2 25 | 82.4% | 15.3% | ||
| Q1 25 | 77.7% | 15.7% | ||
| Q4 24 | 82.8% | 15.9% | ||
| Q3 24 | 87.5% | 16.8% | ||
| Q2 24 | 81.6% | 15.9% | ||
| Q1 24 | 77.6% | 17.6% |
营业利润率ABNBBXC
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 1.3% | ||
| Q2 25 | 19.8% | 1.9% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 17.3% | 1.7% | ||
| Q3 24 | 40.9% | 3.2% | ||
| Q2 24 | 18.1% | 3.1% | ||
| Q1 24 | 4.7% | 3.8% |
净利率ABNBBXC
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 0.2% | ||
| Q2 25 | 20.7% | 0.6% | ||
| Q1 25 | 6.8% | 0.4% | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 36.7% | 2.1% | ||
| Q2 24 | 20.2% | 1.9% | ||
| Q1 24 | 12.3% | 2.4% |
每股收益（稀释后）ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.67 | ||
| Q3 24 | — | $1.87 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $2.00 |
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 | $429.4M |
| 总债务越低越好 | — | $598.5M |
| 股东权益账面价值 | $8.2B | $623.0M |
| 总资产 | $22.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ABNBBXC
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | $429.4M | ||
| Q2 25 | $11.4B | $386.8M | ||
| Q1 25 | $11.5B | $449.0M | ||
| Q4 24 | $10.6B | $505.6M | ||
| Q3 24 | $11.3B | $526.3M | ||
| Q2 24 | $11.3B | $491.4M | ||
| Q1 24 | $11.1B | $481.3M |
总债务ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | $598.5M | ||
| Q2 25 | — | $596.4M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $575.1M | ||
| Q3 24 | — | $576.0M | ||
| Q2 24 | — | $574.6M | ||
| Q1 24 | — | $574.0M |
股东权益ABNBBXC
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $623.0M | ||
| Q2 25 | $7.8B | $621.3M | ||
| Q1 25 | $7.9B | $636.1M | ||
| Q4 24 | $8.4B | $646.4M | ||
| Q3 24 | $8.5B | $655.6M | ||
| Q2 24 | $8.0B | $652.3M | ||
| Q1 24 | $7.9B | $653.2M |
总资产ABNBBXC
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $1.6B | ||
| Q2 25 | $27.0B | $1.6B | ||
| Q1 25 | $25.1B | $1.6B | ||
| Q4 24 | $21.0B | $1.6B | ||
| Q3 24 | $22.2B | $1.6B | ||
| Q2 24 | $26.3B | $1.6B | ||
| Q1 24 | $24.5B | $1.6B |
负债/权益比ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.88× |
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 | $58.6M |
| 自由现金流经营现金流 - 资本支出 | — | $52.7M |
| 自由现金流率自由现金流/营收 | — | 7.0% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 1.54× | 35.42× |
| 过去12个月自由现金流最近4个季度 | — | $-25.1M |
8季度趋势，按日历期对齐
经营现金流ABNBBXC
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $58.6M | ||
| Q2 25 | $975.0M | $-26.8M | ||
| Q1 25 | $1.8B | $-33.9M | ||
| Q4 24 | $466.0M | $18.7M | ||
| Q3 24 | $1.1B | $61.8M | ||
| Q2 24 | $1.1B | $35.8M | ||
| Q1 24 | $1.9B | $-31.1M |
自由现金流ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | $52.7M | ||
| Q2 25 | — | $-36.4M | ||
| Q1 25 | — | $-39.8M | ||
| Q4 24 | — | $-1.5M | ||
| Q3 24 | — | $53.8M | ||
| Q2 24 | — | $29.3M | ||
| Q1 24 | — | $-36.6M |
自由现金流率ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | -4.7% | ||
| Q1 25 | — | -5.6% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -5.0% |
资本支出强度ABNBBXC
| Q4 25 | — | — | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率ABNBBXC
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 35.42× | ||
| Q2 25 | 1.52× | -6.21× | ||
| Q1 25 | 11.62× | -12.09× | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 3.86× | ||
| Q2 24 | 1.89× | 2.50× | ||
| Q1 24 | 7.28× | -1.78× |
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% |
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
