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爱彼迎（ABNB）与CALERES INC（CAL）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CALERES INC的3.5倍（$2.8B vs $790.1M）。爱彼迎净利率更高（12.3% vs 0.3%，领先12.0%）。爱彼迎同比增速更快（12.0% vs 6.6%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 6.5%）
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。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
ABNB vs CAL — 直观对比
营收规模更大
ABNB
是对方的3.5倍
$790.1M
营收增速更快
ABNB
高出5.4%
6.6%
净利率更高
ABNB
高出12.0%
0.3%
两年增速更快
ABNB
近两年复合增速
6.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $790.1M |
| 净利润 | $341.0M | $2.4M |
| 毛利率 | 82.5% | 41.8% |
| 营业利润率 | 9.7% | 1.5% |
| 净利率 | 12.3% | 0.3% |
| 营收同比 | 12.0% | 6.6% |
| 净利润同比 | -26.0% | -94.2% |
| 每股收益（稀释后） | — | $0.07 |
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ABNBCAL
| Q4 25 | $2.8B | $790.1M | ||
| Q3 25 | $4.1B | $658.5M | ||
| Q2 25 | $3.1B | $614.2M | ||
| Q1 25 | $2.3B | $639.2M | ||
| Q4 24 | $2.5B | $740.9M | ||
| Q3 24 | $3.7B | $683.3M | ||
| Q2 24 | $2.7B | $659.2M | ||
| Q1 24 | $2.1B | $697.1M |
净利润ABNBCAL
| Q4 25 | $341.0M | $2.4M | ||
| Q3 25 | $1.4B | $6.7M | ||
| Q2 25 | $642.0M | $6.9M | ||
| Q1 25 | $154.0M | $4.9M | ||
| Q4 24 | $461.0M | $41.4M | ||
| Q3 24 | $1.4B | $30.0M | ||
| Q2 24 | $555.0M | $30.9M | ||
| Q1 24 | $264.0M | $55.7M |
毛利率ABNBCAL
| Q4 25 | 82.5% | 41.8% | ||
| Q3 25 | 86.6% | 43.4% | ||
| Q2 25 | 82.4% | 45.4% | ||
| Q1 25 | 77.7% | 43.0% | ||
| Q4 24 | 82.8% | 44.1% | ||
| Q3 24 | 87.5% | 45.5% | ||
| Q2 24 | 81.6% | 46.9% | ||
| Q1 24 | 77.6% | 43.9% |
营业利润率ABNBCAL
| Q4 25 | 9.7% | 1.5% | ||
| Q3 25 | 39.7% | 1.4% | ||
| Q2 25 | 19.8% | 1.9% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 17.3% | 7.7% | ||
| Q3 24 | 40.9% | 6.2% | ||
| Q2 24 | 18.1% | 6.5% | ||
| Q1 24 | 4.7% | 4.4% |
净利率ABNBCAL
| Q4 25 | 12.3% | 0.3% | ||
| Q3 25 | 33.6% | 1.0% | ||
| Q2 25 | 20.7% | 1.1% | ||
| Q1 25 | 6.8% | 0.8% | ||
| Q4 24 | 18.6% | 5.6% | ||
| Q3 24 | 36.7% | 4.4% | ||
| Q2 24 | 20.2% | 4.7% | ||
| Q1 24 | 12.3% | 8.0% |
每股收益（稀释后）ABNBCAL
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.21 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.19 | ||
| Q3 24 | — | $0.85 | ||
| Q2 24 | — | $0.88 | ||
| Q1 24 | — | $1.56 |
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 | $34.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $616.8M |
| 总资产 | $22.2B | $2.1B |
| 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ABNBCAL
| Q4 25 | $11.0B | $34.0M | ||
| Q3 25 | $11.7B | $191.5M | ||
| Q2 25 | $11.4B | $33.1M | ||
| Q1 25 | $11.5B | $29.6M | ||
| Q4 24 | $10.6B | $33.7M | ||
| Q3 24 | $11.3B | $51.8M | ||
| Q2 24 | $11.3B | $30.7M | ||
| Q1 24 | $11.1B | $21.4M |
股东权益ABNBCAL
| Q4 25 | $8.2B | $616.8M | ||
| Q3 25 | $8.6B | $613.3M | ||
| Q2 25 | $7.8B | $605.2M | ||
| Q1 25 | $7.9B | $599.0M | ||
| Q4 24 | $8.4B | $598.3M | ||
| Q3 24 | $8.5B | $606.1M | ||
| Q2 24 | $8.0B | $570.3M | ||
| Q1 24 | $7.9B | $560.6M |
总资产ABNBCAL
| Q4 25 | $22.2B | $2.1B | ||
| Q3 25 | $23.1B | $2.2B | ||
| Q2 25 | $27.0B | $1.9B | ||
| Q1 25 | $25.1B | $1.9B | ||
| Q4 24 | $21.0B | $2.0B | ||
| Q3 24 | $22.2B | $2.0B | ||
| Q2 24 | $26.3B | $1.9B | ||
| Q1 24 | $24.5B | $1.8B |
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 | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.4M |
| 自由现金流率自由现金流/营收 | — | -1.6% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.54× | -0.50× |
| 过去12个月自由现金流最近4个季度 | — | $14.4M |
8季度趋势，按日历期对齐
经营现金流ABNBCAL
| Q4 25 | $526.0M | $-1.2M | ||
| Q3 25 | $1.4B | $47.3M | ||
| Q2 25 | $975.0M | $-5.7M | ||
| Q1 25 | $1.8B | $28.7M | ||
| Q4 24 | $466.0M | $-39.8M | ||
| Q3 24 | $1.1B | $79.6M | ||
| Q2 24 | $1.1B | $36.1M | ||
| Q1 24 | $1.9B | $43.0M |
自由现金流ABNBCAL
| Q4 25 | — | $-12.4M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $-26.2M | ||
| Q1 25 | — | $18.0M | ||
| Q4 24 | — | $-57.4M | ||
| Q3 24 | — | $68.5M | ||
| Q2 24 | — | $26.3M | ||
| Q1 24 | — | $32.4M |
自由现金流率ABNBCAL
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | -4.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 4.6% |
资本支出强度ABNBCAL
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.5% |
现金转化率ABNBCAL
| Q4 25 | 1.54× | -0.50× | ||
| Q3 25 | 0.99× | 7.05× | ||
| Q2 25 | 1.52× | -0.81× | ||
| Q1 25 | 11.62× | 5.82× | ||
| Q4 24 | 1.01× | -0.96× | ||
| Q3 24 | 0.79× | 2.66× | ||
| Q2 24 | 1.89× | 1.17× | ||
| Q1 24 | 7.28× | 0.77× |
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% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
