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爱彼迎（ABNB）与Compass, Inc.（COMP）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Compass, Inc.的1.6倍（$2.8B vs $1.7B），爱彼迎净利率更高（12.3% vs -2.5%，领先14.8%），Compass, Inc.同比增速更快（23.1% vs 12.0%），过去两年Compass, Inc.的营收复合增速更高（27.0% 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。
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
ABNB vs COMP — 直观对比
营收规模更大
ABNB
是对方的1.6倍
$1.7B
营收增速更快
COMP
高出11.1%
12.0%
净利率更高
ABNB
高出14.8%
-2.5%
两年增速更快
COMP
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.7B |
| 净利润 | $341.0M | $-42.6M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | -2.5% |
| 净利率 | 12.3% | -2.5% |
| 营收同比 | 12.0% | 23.1% |
| 净利润同比 | -26.0% | -5.2% |
| 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ABNBCOMP
| Q4 25 | $2.8B | $1.7B | ||
| Q3 25 | $4.1B | $1.8B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $3.7B | $1.5B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.1B | $1.1B |
净利润ABNBCOMP
| Q4 25 | $341.0M | $-42.6M | ||
| Q3 25 | $1.4B | $-4.6M | ||
| Q2 25 | $642.0M | $39.4M | ||
| Q1 25 | $154.0M | $-50.7M | ||
| Q4 24 | $461.0M | $-40.5M | ||
| Q3 24 | $1.4B | $-1.7M | ||
| Q2 24 | $555.0M | $20.7M | ||
| Q1 24 | $264.0M | $-132.9M |
毛利率ABNBCOMP
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | — | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBCOMP
| Q4 25 | 9.7% | -2.5% | ||
| Q3 25 | 39.7% | -0.4% | ||
| Q2 25 | 19.8% | 1.9% | ||
| Q1 25 | 1.7% | -4.0% | ||
| Q4 24 | 17.3% | -2.9% | ||
| Q3 24 | 40.9% | -0.2% | ||
| Q2 24 | 18.1% | 1.3% | ||
| Q1 24 | 4.7% | -12.5% |
净利率ABNBCOMP
| Q4 25 | 12.3% | -2.5% | ||
| Q3 25 | 33.6% | -0.2% | ||
| Q2 25 | 20.7% | 1.9% | ||
| Q1 25 | 6.8% | -3.7% | ||
| Q4 24 | 18.6% | -2.9% | ||
| Q3 24 | 36.7% | -0.1% | ||
| Q2 24 | 20.2% | 1.2% | ||
| Q1 24 | 12.3% | -12.6% |
每股收益（稀释后）ABNBCOMP
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $-0.27 |
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 | $199.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $782.0M |
| 总资产 | $22.2B | $1.5B |
| 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ABNBCOMP
| Q4 25 | $11.0B | $199.0M | ||
| Q3 25 | $11.7B | $170.3M | ||
| Q2 25 | $11.4B | $177.3M | ||
| Q1 25 | $11.5B | $127.0M | ||
| Q4 24 | $10.6B | $223.8M | ||
| Q3 24 | $11.3B | $211.2M | ||
| Q2 24 | $11.3B | $185.8M | ||
| Q1 24 | $11.1B | $165.9M |
股东权益ABNBCOMP
| Q4 25 | $8.2B | $782.0M | ||
| Q3 25 | $8.6B | $773.3M | ||
| Q2 25 | $7.8B | $719.9M | ||
| Q1 25 | $7.9B | $635.0M | ||
| Q4 24 | $8.4B | $409.4M | ||
| Q3 24 | $8.5B | $428.0M | ||
| Q2 24 | $8.0B | $398.4M | ||
| Q1 24 | $7.9B | $330.3M |
总资产ABNBCOMP
| Q4 25 | $22.2B | $1.5B | ||
| Q3 25 | $23.1B | $1.6B | ||
| Q2 25 | $27.0B | $1.6B | ||
| Q1 25 | $25.1B | $1.5B | ||
| Q4 24 | $21.0B | $1.2B | ||
| Q3 24 | $22.2B | $1.2B | ||
| Q2 24 | $26.3B | $1.2B | ||
| Q1 24 | $24.5B | $1.1B |
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 | $45.3M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 2.5% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 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 | — | $203.3M |
8季度趋势，按日历期对齐
经营现金流ABNBCOMP
| Q4 25 | $526.0M | $45.3M | ||
| Q3 25 | $1.4B | $75.5M | ||
| Q2 25 | $975.0M | $72.8M | ||
| Q1 25 | $1.8B | $23.1M | ||
| Q4 24 | $466.0M | $30.5M | ||
| Q3 24 | $1.1B | $37.4M | ||
| Q2 24 | $1.1B | $45.0M | ||
| Q1 24 | $1.9B | $8.6M |
自由现金流ABNBCOMP
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $73.6M | ||
| Q2 25 | — | $68.0M | ||
| Q1 25 | — | $19.5M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | — | $32.8M | ||
| Q2 24 | — | $40.4M | ||
| Q1 24 | — | $5.9M |
自由现金流率ABNBCOMP
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 0.6% |
资本支出强度ABNBCOMP
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率ABNBCOMP
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | 1.85× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 2.17× | ||
| 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% |
COMP
暂无分部数据
