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爱彼迎（ABNB）与Capri Holdings Ltd（CPRI）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Capri Holdings Ltd的2.7倍（$2.8B vs $1.0B）。爱彼迎净利率更高（12.3% vs 11.3%，领先1.0%）。爱彼迎同比增速更快（12.0% vs -18.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -15.2%）
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。
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
ABNB vs CPRI — 直观对比
营收规模更大
ABNB
是对方的2.7倍
$1.0B
营收增速更快
ABNB
高出30.7%
-18.7%
净利率更高
ABNB
高出1.0%
11.3%
两年增速更快
ABNB
近两年复合增速
-15.2%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.0B |
| 净利润 | $341.0M | $116.0M |
| 毛利率 | 82.5% | 60.8% |
| 营业利润率 | 9.7% | 4.5% |
| 净利率 | 12.3% | 11.3% |
| 营收同比 | 12.0% | -18.7% |
| 净利润同比 | -26.0% | 121.2% |
| 每股收益（稀释后） | — | $0.96 |
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ABNBCPRI
| Q4 25 | $2.8B | $1.0B | ||
| Q3 25 | $4.1B | $856.0M | ||
| Q2 25 | $3.1B | $797.0M | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $3.7B | $878.0M | ||
| Q2 24 | $2.7B | $848.0M | ||
| Q1 24 | $2.1B | — |
净利润ABNBCPRI
| Q4 25 | $341.0M | $116.0M | ||
| Q3 25 | $1.4B | $-28.0M | ||
| Q2 25 | $642.0M | $53.0M | ||
| Q1 25 | $154.0M | $-645.0M | ||
| Q4 24 | $461.0M | $-547.0M | ||
| Q3 24 | $1.4B | $24.0M | ||
| Q2 24 | $555.0M | $-14.0M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBCPRI
| Q4 25 | 82.5% | 60.8% | ||
| Q3 25 | 86.6% | 61.0% | ||
| Q2 25 | 82.4% | 63.0% | ||
| Q1 25 | 77.7% | 64.9% | ||
| Q4 24 | 82.8% | 63.1% | ||
| Q3 24 | 87.5% | 62.3% | ||
| Q2 24 | 81.6% | 63.1% | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBCPRI
| Q4 25 | 9.7% | 4.5% | ||
| Q3 25 | 39.7% | -1.4% | ||
| Q2 25 | 19.8% | 2.0% | ||
| Q1 25 | 1.7% | -47.5% | ||
| Q4 24 | 17.3% | 2.4% | ||
| Q3 24 | 40.9% | -0.7% | ||
| Q2 24 | 18.1% | 1.3% | ||
| Q1 24 | 4.7% | — |
净利率ABNBCPRI
| Q4 25 | 12.3% | 11.3% | ||
| Q3 25 | 33.6% | -3.3% | ||
| Q2 25 | 20.7% | 6.6% | ||
| Q1 25 | 6.8% | -39.1% | ||
| Q4 24 | 18.6% | -51.2% | ||
| Q3 24 | 36.7% | 2.7% | ||
| Q2 24 | 20.2% | -1.7% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBCPRI
| Q4 25 | — | $0.96 | ||
| Q3 25 | — | $-0.22 | ||
| Q2 25 | — | $0.44 | ||
| Q1 25 | — | $-5.47 | ||
| Q4 24 | — | $-4.61 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $-0.12 | ||
| Q1 24 | — | — |
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 | $154.0M |
| 总债务越低越好 | — | $234.0M |
| 股东权益账面价值 | $8.2B | $105.0M |
| 总资产 | $22.2B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资ABNBCPRI
| Q4 25 | $11.0B | $154.0M | ||
| Q3 25 | $11.7B | $120.0M | ||
| Q2 25 | $11.4B | $129.0M | ||
| Q1 25 | $11.5B | $107.0M | ||
| Q4 24 | $10.6B | $356.0M | ||
| Q3 24 | $11.3B | $182.0M | ||
| Q2 24 | $11.3B | $213.0M | ||
| Q1 24 | $11.1B | — |
总债务ABNBCPRI
| Q4 25 | — | $234.0M | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | — |
股东权益ABNBCPRI
| Q4 25 | $8.2B | $105.0M | ||
| Q3 25 | $8.6B | $-74.0M | ||
| Q2 25 | $7.8B | $-17.0M | ||
| Q1 25 | $7.9B | $368.0M | ||
| Q4 24 | $8.4B | $1.1B | ||
| Q3 24 | $8.5B | $1.5B | ||
| Q2 24 | $8.0B | $1.6B | ||
| Q1 24 | $7.9B | — |
总资产ABNBCPRI
| Q4 25 | $22.2B | $3.3B | ||
| Q3 25 | $23.1B | $5.6B | ||
| Q2 25 | $27.0B | $5.5B | ||
| Q1 25 | $25.1B | $5.2B | ||
| Q4 24 | $21.0B | $5.9B | ||
| Q3 24 | $22.2B | $6.8B | ||
| Q2 24 | $26.3B | $6.6B | ||
| Q1 24 | $24.5B | — |
负债/权益比ABNBCPRI
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.05× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.08× | ||
| 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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | — | $183.0M |
| 自由现金流率自由现金流/营收 | — | 17.9% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.74× |
| 过去12个月自由现金流最近4个季度 | — | $-134.0M |
8季度趋势，按日历期对齐
经营现金流ABNBCPRI
| Q4 25 | $526.0M | $202.0M | ||
| Q3 25 | $1.4B | $-52.0M | ||
| Q2 25 | $975.0M | $-8.0M | ||
| Q1 25 | $1.8B | $-161.0M | ||
| Q4 24 | $466.0M | $309.0M | ||
| Q3 24 | $1.1B | $50.0M | ||
| Q2 24 | $1.1B | $83.0M | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBCPRI
| Q4 25 | — | $183.0M | ||
| Q3 25 | — | $-65.0M | ||
| Q2 25 | — | $-21.0M | ||
| Q1 25 | — | $-231.0M | ||
| Q4 24 | — | $287.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $67.0M | ||
| Q1 24 | — | — |
自由现金流率ABNBCPRI
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | -7.6% | ||
| Q2 25 | — | -2.6% | ||
| Q1 25 | — | -14.0% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | — |
资本支出强度ABNBCPRI
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | — |
现金转化率ABNBCPRI
| Q4 25 | 1.54× | 1.74× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | -0.15× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 2.08× | ||
| 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% |
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
