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爱彼迎（ABNB）与CATO CORP（CATO）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CATO CORP的17.9倍（$2.8B vs $155.4M）。爱彼迎净利率更高（12.3% vs -3.3%，领先15.6%）。爱彼迎同比增速更快（12.0% vs 6.3%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -5.7%）
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。
凯拓集团（Cato Corporation）是美国女性时装及配饰零售商，总部位于北卡罗来纳州夏洛特市。截至2016年1月，该公司旗下共运营1372家门店，覆盖Cato、Cato Plus、It's Fashion、It's Fashion Metro与Versona多个品牌。
ABNB vs CATO — 直观对比
营收规模更大
ABNB
是对方的17.9倍
$155.4M
营收增速更快
ABNB
高出5.7%
6.3%
净利率更高
ABNB
高出15.6%
-3.3%
两年增速更快
ABNB
近两年复合增速
-5.7%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $155.4M |
| 净利润 | $341.0M | $-5.2M |
| 毛利率 | 82.5% | 32.7% |
| 营业利润率 | 9.7% | -5.3% |
| 净利率 | 12.3% | -3.3% |
| 营收同比 | 12.0% | 6.3% |
| 净利润同比 | -26.0% | 65.6% |
| 每股收益（稀释后） | — | $-0.28 |
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ABNBCATO
| Q4 25 | $2.8B | $155.4M | ||
| Q3 25 | $4.1B | $176.5M | ||
| Q2 25 | $3.1B | $170.2M | ||
| Q1 25 | $2.3B | $157.9M | ||
| Q4 24 | $2.5B | $146.2M | ||
| Q3 24 | $3.7B | $168.6M | ||
| Q2 24 | $2.7B | $177.1M | ||
| Q1 24 | $2.1B | $174.9M |
净利润ABNBCATO
| Q4 25 | $341.0M | $-5.2M | ||
| Q3 25 | $1.4B | $6.8M | ||
| Q2 25 | $642.0M | $3.3M | ||
| Q1 25 | $154.0M | $-14.1M | ||
| Q4 24 | $461.0M | $-15.1M | ||
| Q3 24 | $1.4B | $95.0K | ||
| Q2 24 | $555.0M | $11.0M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBCATO
| Q4 25 | 82.5% | 32.7% | ||
| Q3 25 | 86.6% | 36.8% | ||
| Q2 25 | 82.4% | 35.8% | ||
| Q1 25 | 77.7% | 29.2% | ||
| Q4 24 | 82.8% | 29.6% | ||
| Q3 24 | 87.5% | 35.3% | ||
| Q2 24 | 81.6% | 36.5% | ||
| Q1 24 | 77.6% | 32.1% |
营业利润率ABNBCATO
| Q4 25 | 9.7% | -5.3% | ||
| Q3 25 | 39.7% | 3.1% | ||
| Q2 25 | 19.8% | 2.0% | ||
| Q1 25 | 1.7% | -15.2% | ||
| Q4 24 | 17.3% | -11.6% | ||
| Q3 24 | 40.9% | -0.4% | ||
| Q2 24 | 18.1% | 3.5% | ||
| Q1 24 | 4.7% | -9.5% |
净利率ABNBCATO
| Q4 25 | 12.3% | -3.3% | ||
| Q3 25 | 33.6% | 3.9% | ||
| Q2 25 | 20.7% | 1.9% | ||
| Q1 25 | 6.8% | -8.9% | ||
| Q4 24 | 18.6% | -10.3% | ||
| Q3 24 | 36.7% | 0.1% | ||
| Q2 24 | 20.2% | 6.2% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBCATO
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $-0.73 | ||
| Q4 24 | — | $-0.79 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $-1.15 |
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 | $79.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $167.6M |
| 总资产 | $22.2B | $450.2M |
| 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ABNBCATO
| Q4 25 | $11.0B | $79.0M | ||
| Q3 25 | $11.7B | $90.8M | ||
| Q2 25 | $11.4B | $80.0M | ||
| Q1 25 | $11.5B | $77.7M | ||
| Q4 24 | $10.6B | $86.2M | ||
| Q3 24 | $11.3B | $104.7M | ||
| Q2 24 | $11.3B | $105.4M | ||
| Q1 24 | $11.1B | $103.0M |
股东权益ABNBCATO
| Q4 25 | $8.2B | $167.6M | ||
| Q3 25 | $8.6B | $172.2M | ||
| Q2 25 | $7.8B | $164.9M | ||
| Q1 25 | $7.9B | $162.3M | ||
| Q4 24 | $8.4B | $177.1M | ||
| Q3 24 | $8.5B | $195.1M | ||
| Q2 24 | $8.0B | $196.9M | ||
| Q1 24 | $7.9B | $192.3M |
总资产ABNBCATO
| Q4 25 | $22.2B | $450.2M | ||
| Q3 25 | $23.1B | $436.9M | ||
| Q2 25 | $27.0B | $440.8M | ||
| Q1 25 | $25.1B | $452.4M | ||
| Q4 24 | $21.0B | $424.4M | ||
| Q3 24 | $22.2B | $455.6M | ||
| Q2 24 | $26.3B | $477.1M | ||
| Q1 24 | $24.5B | $486.8M |
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 | $-12.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.9M |
| 自由现金流率自由现金流/营收 | — | -8.3% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 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 | — | $-7.5M |
8季度趋势，按日历期对齐
经营现金流ABNBCATO
| Q4 25 | $526.0M | $-12.4M | ||
| Q3 25 | $1.4B | $11.8M | ||
| Q2 25 | $975.0M | $3.9M | ||
| Q1 25 | $1.8B | $-6.5M | ||
| Q4 24 | $466.0M | $-22.1M | ||
| Q3 24 | $1.1B | $3.1M | ||
| Q2 24 | $1.1B | $5.7M | ||
| Q1 24 | $1.9B | $-11.2M |
自由现金流ABNBCATO
| Q4 25 | — | $-12.9M | ||
| Q3 25 | — | $10.4M | ||
| Q2 25 | — | $2.8M | ||
| Q1 25 | — | $-7.8M | ||
| Q4 24 | — | $-23.8M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $-13.5M |
自由现金流率ABNBCATO
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | -16.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | -7.7% |
资本支出强度ABNBCATO
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.3% |
现金转化率ABNBCATO
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 1.72× | ||
| Q2 25 | 1.52× | 1.17× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 32.95× | ||
| Q2 24 | 1.89× | 0.52× | ||
| 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% |
CATO
| Retail Segment | $154.7M | 100% |
| Credit Card | $5.3M | 3% |
