vs
爱彼迎（ABNB）与优尼威（CLMB）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优尼威的14.3倍（$2.8B vs $193.8M）。爱彼迎净利率更高（12.3% vs 3.6%，领先8.7%）。优尼威同比增速更快（19.8% vs 12.0%）。过去两年优尼威的营收复合增速更高（44.8% 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。
优尼威解决方案是一家全球化学品与原料分销商，同时可为客户提供各类增值服务，在行业内拥有广泛的全球布局与专业服务能力。
ABNB vs CLMB — 直观对比
营收规模更大
ABNB
是对方的14.3倍
$193.8M
营收增速更快
CLMB
高出7.8%
12.0%
净利率更高
ABNB
高出8.7%
3.6%
两年增速更快
CLMB
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $193.8M |
| 净利润 | $341.0M | $7.0M |
| 毛利率 | 82.5% | 15.4% |
| 营业利润率 | 9.7% | 4.9% |
| 净利率 | 12.3% | 3.6% |
| 营收同比 | 12.0% | 19.8% |
| 净利润同比 | -26.0% | -0.1% |
| 每股收益（稀释后） | — | $1.51 |
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ABNBCLMB
| Q4 25 | $2.8B | $193.8M | ||
| Q3 25 | $4.1B | $161.3M | ||
| Q2 25 | $3.1B | $159.3M | ||
| Q1 25 | $2.3B | $138.0M | ||
| Q4 24 | $2.5B | $161.8M | ||
| Q3 24 | $3.7B | $119.3M | ||
| Q2 24 | $2.7B | $92.1M | ||
| Q1 24 | $2.1B | $92.4M |
净利润ABNBCLMB
| Q4 25 | $341.0M | $7.0M | ||
| Q3 25 | $1.4B | $4.7M | ||
| Q2 25 | $642.0M | $6.0M | ||
| Q1 25 | $154.0M | $3.7M | ||
| Q4 24 | $461.0M | $7.0M | ||
| Q3 24 | $1.4B | $5.5M | ||
| Q2 24 | $555.0M | $3.4M | ||
| Q1 24 | $264.0M | $2.7M |
毛利率ABNBCLMB
| Q4 25 | 82.5% | 15.4% | ||
| Q3 25 | 86.6% | 15.9% | ||
| Q2 25 | 82.4% | 16.5% | ||
| Q1 25 | 77.7% | 16.9% | ||
| Q4 24 | 82.8% | 19.3% | ||
| Q3 24 | 87.5% | 20.3% | ||
| Q2 24 | 81.6% | 20.2% | ||
| Q1 24 | 77.6% | 18.4% |
营业利润率ABNBCLMB
| Q4 25 | 9.7% | 4.9% | ||
| Q3 25 | 39.7% | 4.3% | ||
| Q2 25 | 19.8% | 5.0% | ||
| Q1 25 | 1.7% | 3.5% | ||
| Q4 24 | 17.3% | 7.2% | ||
| Q3 24 | 40.9% | 7.1% | ||
| Q2 24 | 18.1% | 4.6% | ||
| Q1 24 | 4.7% | 3.8% |
净利率ABNBCLMB
| Q4 25 | 12.3% | 3.6% | ||
| Q3 25 | 33.6% | 2.9% | ||
| Q2 25 | 20.7% | 3.7% | ||
| Q1 25 | 6.8% | 2.7% | ||
| Q4 24 | 18.6% | 4.3% | ||
| Q3 24 | 36.7% | 4.6% | ||
| Q2 24 | 20.2% | 3.7% | ||
| Q1 24 | 12.3% | 3.0% |
每股收益（稀释后）ABNBCLMB
| Q4 25 | — | $1.51 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $1.30 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $1.52 | ||
| Q3 24 | — | $1.19 | ||
| Q2 24 | — | $0.75 | ||
| Q1 24 | — | $0.60 |
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 | $36.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $116.6M |
| 总资产 | $22.2B | $460.2M |
| 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ABNBCLMB
| Q4 25 | $11.0B | $36.6M | ||
| Q3 25 | $11.7B | $49.8M | ||
| Q2 25 | $11.4B | $28.6M | ||
| Q1 25 | $11.5B | $32.5M | ||
| Q4 24 | $10.6B | $29.8M | ||
| Q3 24 | $11.3B | $22.1M | ||
| Q2 24 | $11.3B | $48.4M | ||
| Q1 24 | $11.1B | $43.6M |
总债务ABNBCLMB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2M |
股东权益ABNBCLMB
| Q4 25 | $8.2B | $116.6M | ||
| Q3 25 | $8.6B | $109.3M | ||
| Q2 25 | $7.8B | $105.2M | ||
| Q1 25 | $7.9B | $95.6M | ||
| Q4 24 | $8.4B | $90.6M | ||
| Q3 24 | $8.5B | $87.7M | ||
| Q2 24 | $8.0B | $79.8M | ||
| Q1 24 | $7.9B | $76.4M |
总资产ABNBCLMB
| Q4 25 | $22.2B | $460.2M | ||
| Q3 25 | $23.1B | $376.1M | ||
| Q2 25 | $27.0B | $420.7M | ||
| Q1 25 | $25.1B | $370.1M | ||
| Q4 24 | $21.0B | $469.2M | ||
| Q3 24 | $22.2B | $371.9M | ||
| Q2 24 | $26.3B | $302.8M | ||
| Q1 24 | $24.5B | $298.3M |
负债/权益比ABNBCLMB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.02× |
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 | $-11.9M |
| 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× | -1.70× |
| 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ABNBCLMB
| Q4 25 | $526.0M | $-11.9M | ||
| Q3 25 | $1.4B | $22.2M | ||
| Q2 25 | $975.0M | $-2.2M | ||
| Q1 25 | $1.8B | $8.5M | ||
| Q4 24 | $466.0M | $16.0M | ||
| Q3 24 | $1.1B | $-3.6M | ||
| Q2 24 | $1.1B | $7.3M | ||
| Q1 24 | $1.9B | $14.0M |
现金转化率ABNBCLMB
| Q4 25 | 1.54× | -1.70× | ||
| Q3 25 | 0.99× | 4.73× | ||
| Q2 25 | 1.52× | -0.37× | ||
| Q1 25 | 11.62× | 2.30× | ||
| Q4 24 | 1.01× | 2.29× | ||
| Q3 24 | 0.79× | -0.66× | ||
| Q2 24 | 1.89× | 2.13× | ||
| Q1 24 | 7.28× | 5.14× |
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% |
CLMB
| Distribution Segment | $187.9M | 97% |
| Solutions Segment | $6.0M | 3% |
