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爱彼迎（ABNB）与加拿大国家铁路（CP）财务数据对比。点击上方公司名可切换其他公司
加拿大国家铁路的季度营收约是爱彼迎的1.0倍（$2.8B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 12.3%，领先15.4%），爱彼迎同比增速更快（12.0% vs 1.3%），过去两年爱彼迎的营收复合增速更高（13.9% vs 5.6%）
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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
ABNB vs CP — 直观对比
营收规模更大
CP
是对方的1.0倍
$2.8B
营收增速更快
ABNB
高出10.7%
1.3%
净利率更高
CP
高出15.4%
12.3%
两年增速更快
ABNB
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.8B |
| 净利润 | $341.0M | $786.2M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 41.4% |
| 净利率 | 12.3% | 27.7% |
| 营收同比 | 12.0% | 1.3% |
| 净利润同比 | -26.0% | -10.3% |
| 每股收益（稀释后） | — | — |
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ABNBCP
| Q4 25 | $2.8B | $2.8B | ||
| Q3 25 | $4.1B | $2.7B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.5B | $2.8B | ||
| Q3 24 | $3.7B | $2.6B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $2.1B | $2.5B |
净利润ABNBCP
| Q4 25 | $341.0M | $786.2M | ||
| Q3 25 | $1.4B | $671.6M | ||
| Q2 25 | $642.0M | $900.8M | ||
| Q1 25 | $154.0M | $664.3M | ||
| Q4 24 | $461.0M | $876.7M | ||
| Q3 24 | $1.4B | $611.0M | ||
| Q2 24 | $555.0M | $660.6M | ||
| Q1 24 | $264.0M | $565.8M |
毛利率ABNBCP
| 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ABNBCP
| Q4 25 | 9.7% | 41.4% | ||
| Q3 25 | 39.7% | 36.8% | ||
| Q2 25 | 19.8% | 36.6% | ||
| Q1 25 | 1.7% | 35.0% | ||
| Q4 24 | 17.3% | 40.6% | ||
| Q3 24 | 40.9% | 34.3% | ||
| Q2 24 | 18.1% | 35.4% | ||
| Q1 24 | 4.7% | 32.9% |
净利率ABNBCP
| Q4 25 | 12.3% | 27.7% | ||
| Q3 25 | 33.6% | 25.3% | ||
| Q2 25 | 20.7% | 33.6% | ||
| Q1 25 | 6.8% | 24.2% | ||
| Q4 24 | 18.6% | 31.2% | ||
| Q3 24 | 36.7% | 23.9% | ||
| Q2 24 | 20.2% | 25.3% | ||
| Q1 24 | 12.3% | 22.2% |
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 | $134.3M |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $8.2B | $33.5B |
| 总资产 | $22.2B | $62.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ABNBCP
| Q4 25 | $11.0B | $134.3M | ||
| Q3 25 | $11.7B | $300.0M | ||
| Q2 25 | $11.4B | $583.3M | ||
| Q1 25 | $11.5B | $507.4M | ||
| Q4 24 | $10.6B | $539.5M | ||
| Q3 24 | $11.3B | $338.0M | ||
| Q2 24 | $11.3B | $406.6M | ||
| Q1 24 | $11.1B | $378.9M |
总债务ABNBCP
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.8B | ||
| Q1 24 | — | $13.7B |
股东权益ABNBCP
| Q4 25 | $8.2B | $33.5B | ||
| Q3 25 | $8.6B | $33.4B | ||
| Q2 25 | $7.8B | $33.7B | ||
| Q1 25 | $7.9B | $35.2B | ||
| Q4 24 | $8.4B | $35.0B | ||
| Q3 24 | $8.5B | $32.2B | ||
| Q2 24 | $8.0B | $32.0B | ||
| Q1 24 | $7.9B | $31.3B |
总资产ABNBCP
| Q4 25 | $22.2B | $62.7B | ||
| Q3 25 | $23.1B | $63.3B | ||
| Q2 25 | $27.0B | $62.2B | ||
| Q1 25 | $25.1B | $64.3B | ||
| Q4 24 | $21.0B | $64.1B | ||
| Q3 24 | $22.2B | $60.0B | ||
| Q2 24 | $26.3B | $60.4B | ||
| Q1 24 | $24.5B | $59.6B |
负债/权益比ABNBCP
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $537.3M |
| 自由现金流率自由现金流/营收 | — | 18.9% |
| 资本支出强度资本支出/营收 | — | 20.2% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流ABNBCP
| Q4 25 | $526.0M | $1.1B | ||
| Q3 25 | $1.4B | $930.0M | ||
| Q2 25 | $975.0M | $989.1M | ||
| Q1 25 | $1.8B | $843.9M | ||
| Q4 24 | $466.0M | $1.2B | ||
| Q3 24 | $1.1B | $928.6M | ||
| Q2 24 | $1.1B | $932.9M | ||
| Q1 24 | $1.9B | $741.0M |
自由现金流ABNBCP
| Q4 25 | — | $537.3M | ||
| Q3 25 | — | $302.2M | ||
| Q2 25 | — | $446.8M | ||
| Q1 25 | — | $324.9M | ||
| Q4 24 | — | $702.3M | ||
| Q3 24 | — | $382.5M | ||
| Q2 24 | — | $343.1M | ||
| Q1 24 | — | $356.2M |
自由现金流率ABNBCP
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 14.0% |
资本支出强度ABNBCP
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 15.1% |
现金转化率ABNBCP
| Q4 25 | 1.54× | 1.42× | ||
| Q3 25 | 0.99× | 1.38× | ||
| Q2 25 | 1.52× | 1.10× | ||
| Q1 25 | 11.62× | 1.27× | ||
| Q4 24 | 1.01× | 1.42× | ||
| Q3 24 | 0.79× | 1.52× | ||
| Q2 24 | 1.89× | 1.41× | ||
| Q1 24 | 7.28× | 1.31× |
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% |
CP
暂无分部数据
