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爱彼迎（ABNB）与Traeger, Inc.（COOK）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Traeger, Inc.的19.1倍（$2.8B vs $145.4M）。爱彼迎净利率更高（12.3% vs -11.8%，领先24.1%）。爱彼迎同比增速更快（12.0% vs -13.8%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 0.2%）
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。
Traeger, Inc.是一家专注于户外烹饪设备研发生产的企业，主营高端木颗粒烤炉、配套配件及专用木颗粒燃料，主要面向北美、欧洲、澳洲市场，通过零售渠道和直营模式服务家庭及商用餐饮客户。
ABNB vs COOK — 直观对比
营收规模更大
ABNB
是对方的19.1倍
$145.4M
营收增速更快
ABNB
高出25.8%
-13.8%
净利率更高
ABNB
高出24.1%
-11.8%
两年增速更快
ABNB
近两年复合增速
0.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $145.4M |
| 净利润 | $341.0M | $-17.2M |
| 毛利率 | 82.5% | 37.4% |
| 营业利润率 | 9.7% | -8.0% |
| 净利率 | 12.3% | -11.8% |
| 营收同比 | 12.0% | -13.8% |
| 净利润同比 | -26.0% | -147.2% |
| 每股收益（稀释后） | — | $-0.13 |
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ABNBCOOK
| Q4 25 | $2.8B | $145.4M | ||
| Q3 25 | $4.1B | $125.4M | ||
| Q2 25 | $3.1B | $145.5M | ||
| Q1 25 | $2.3B | $143.3M | ||
| Q4 24 | $2.5B | $168.6M | ||
| Q3 24 | $3.7B | $122.0M | ||
| Q2 24 | $2.7B | $168.5M | ||
| Q1 24 | $2.1B | $144.9M |
净利润ABNBCOOK
| Q4 25 | $341.0M | $-17.2M | ||
| Q3 25 | $1.4B | $-89.8M | ||
| Q2 25 | $642.0M | $-7.4M | ||
| Q1 25 | $154.0M | $-778.0K | ||
| Q4 24 | $461.0M | $-7.0M | ||
| Q3 24 | $1.4B | $-19.8M | ||
| Q2 24 | $555.0M | $-2.6M | ||
| Q1 24 | $264.0M | $-4.7M |
毛利率ABNBCOOK
| Q4 25 | 82.5% | 37.4% | ||
| Q3 25 | 86.6% | 38.7% | ||
| Q2 25 | 82.4% | 39.2% | ||
| Q1 25 | 77.7% | 41.5% | ||
| Q4 24 | 82.8% | 40.9% | ||
| Q3 24 | 87.5% | 42.3% | ||
| Q2 24 | 81.6% | 42.9% | ||
| Q1 24 | 77.6% | 43.2% |
营业利润率ABNBCOOK
| Q4 25 | 9.7% | -8.0% | ||
| Q3 25 | 39.7% | -66.5% | ||
| Q2 25 | 19.8% | -4.2% | ||
| Q1 25 | 1.7% | 2.4% | ||
| Q4 24 | 17.3% | -0.1% | ||
| Q3 24 | 40.9% | -6.1% | ||
| Q2 24 | 18.1% | 2.8% | ||
| Q1 24 | 4.7% | -0.1% |
净利率ABNBCOOK
| Q4 25 | 12.3% | -11.8% | ||
| Q3 25 | 33.6% | -71.6% | ||
| Q2 25 | 20.7% | -5.1% | ||
| Q1 25 | 6.8% | -0.5% | ||
| Q4 24 | 18.6% | -4.1% | ||
| Q3 24 | 36.7% | -16.2% | ||
| Q2 24 | 20.2% | -1.5% | ||
| Q1 24 | 12.3% | -3.2% |
每股收益（稀释后）ABNBCOOK
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.67 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.04 |
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 | $19.6M |
| 总债务越低越好 | — | $403.3M |
| 股东权益账面价值 | $8.2B | $170.8M |
| 总资产 | $22.2B | $676.0M |
| 负债/权益比越低杠杆越低 | — | 2.36× |
8季度趋势，按日历期对齐
现金及短期投资ABNBCOOK
| Q4 25 | $11.0B | $19.6M | ||
| Q3 25 | $11.7B | $5.9M | ||
| Q2 25 | $11.4B | $10.3M | ||
| Q1 25 | $11.5B | $12.0M | ||
| Q4 24 | $10.6B | $15.0M | ||
| Q3 24 | $11.3B | $16.9M | ||
| Q2 24 | $11.3B | $18.0M | ||
| Q1 24 | $11.1B | $23.6M |
总债务ABNBCOOK
| Q4 25 | — | $403.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $403.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBCOOK
| Q4 25 | $8.2B | $170.8M | ||
| Q3 25 | $8.6B | $186.1M | ||
| Q2 25 | $7.8B | $274.2M | ||
| Q1 25 | $7.9B | $279.6M | ||
| Q4 24 | $8.4B | $276.4M | ||
| Q3 24 | $8.5B | $279.8M | ||
| Q2 24 | $8.0B | $297.3M | ||
| Q1 24 | $7.9B | $294.6M |
总资产ABNBCOOK
| Q4 25 | $22.2B | $676.0M | ||
| Q3 25 | $23.1B | $689.6M | ||
| Q2 25 | $27.0B | $780.6M | ||
| Q1 25 | $25.1B | $825.6M | ||
| Q4 24 | $21.0B | $830.7M | ||
| Q3 24 | $22.2B | $818.1M | ||
| Q2 24 | $26.3B | $842.4M | ||
| Q1 24 | $24.5B | $862.1M |
负债/权益比ABNBCOOK
| Q4 25 | — | 2.36× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | — | $14.2M |
| 自由现金流率自由现金流/营收 | — | 9.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $13.6M |
8季度趋势，按日历期对齐
经营现金流ABNBCOOK
| Q4 25 | $526.0M | $15.5M | ||
| Q3 25 | $1.4B | $7.6M | ||
| Q2 25 | $975.0M | $18.3M | ||
| Q1 25 | $1.8B | $-20.8M | ||
| Q4 24 | $466.0M | $7.5M | ||
| Q3 24 | $1.1B | $15.1M | ||
| Q2 24 | $1.1B | $13.9M | ||
| Q1 24 | $1.9B | $-12.6M |
自由现金流ABNBCOOK
| Q4 25 | — | $14.2M | ||
| Q3 25 | — | $6.4M | ||
| Q2 25 | — | $15.7M | ||
| Q1 25 | — | $-22.7M | ||
| Q4 24 | — | $5.5M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | — | $11.8M | ||
| Q1 24 | — | $-18.3M |
自由现金流率ABNBCOOK
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | -15.8% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | -12.6% |
资本支出强度ABNBCOOK
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.9% |
现金转化率ABNBCOOK
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| 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% |
COOK
| Grills | $60.6M | 42% |
| Accessories | $49.2M | 34% |
| Consumables | $35.5M | 24% |
