vs
爱彼迎（ABNB）与Torrid Holdings Inc.（CURV）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Torrid Holdings Inc.的11.8倍（$2.8B vs $235.2M）。爱彼迎净利率更高（12.3% vs -2.7%，领先15.0%）。爱彼迎同比增速更快（12.0% vs -10.8%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -10.5%）
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。
Torrid Holdings Inc.是美国主营大码女装的零售连锁品牌，原隶属于Hot Topic，目前归Sycamore Partners所有，2015年拆分成为独立公司。品牌专为10至30码的女性提供服饰及配饰产品，2001年4月在加利福尼亚州布瑞亚购物中心开出首店，截至2024年，已在美国各州及部分其他区域开设超过650家门店。
ABNB vs CURV — 直观对比
营收规模更大
ABNB
是对方的11.8倍
$235.2M
营收增速更快
ABNB
高出22.9%
-10.8%
净利率更高
ABNB
高出15.0%
-2.7%
两年增速更快
ABNB
近两年复合增速
-10.5%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $235.2M |
| 净利润 | $341.0M | $-6.4M |
| 毛利率 | 82.5% | 34.9% |
| 营业利润率 | 9.7% | 0.1% |
| 净利率 | 12.3% | -2.7% |
| 营收同比 | 12.0% | -10.8% |
| 净利润同比 | -26.0% | -438.2% |
| 每股收益（稀释后） | — | $-0.06 |
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ABNBCURV
| Q4 25 | $2.8B | $235.2M | ||
| Q3 25 | $4.1B | $262.8M | ||
| Q2 25 | $3.1B | $266.0M | ||
| Q1 25 | $2.3B | $275.6M | ||
| Q4 24 | $2.5B | $263.8M | ||
| Q3 24 | $3.7B | $284.6M | ||
| Q2 24 | $2.7B | $279.8M | ||
| Q1 24 | $2.1B | $293.5M |
净利润ABNBCURV
| Q4 25 | $341.0M | $-6.4M | ||
| Q3 25 | $1.4B | $1.6M | ||
| Q2 25 | $642.0M | $5.9M | ||
| Q1 25 | $154.0M | $-3.0M | ||
| Q4 24 | $461.0M | $-1.2M | ||
| Q3 24 | $1.4B | $8.3M | ||
| Q2 24 | $555.0M | $12.2M | ||
| Q1 24 | $264.0M | $-4.1M |
毛利率ABNBCURV
| Q4 25 | 82.5% | 34.9% | ||
| Q3 25 | 86.6% | 35.6% | ||
| Q2 25 | 82.4% | 38.1% | ||
| Q1 25 | 77.7% | 33.6% | ||
| Q4 24 | 82.8% | 36.1% | ||
| Q3 24 | 87.5% | 38.7% | ||
| Q2 24 | 81.6% | 41.3% | ||
| Q1 24 | 77.6% | 34.5% |
营业利润率ABNBCURV
| Q4 25 | 9.7% | 0.1% | ||
| Q3 25 | 39.7% | 3.9% | ||
| Q2 25 | 19.8% | 6.0% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 17.3% | 2.7% | ||
| Q3 24 | 40.9% | 7.2% | ||
| Q2 24 | 18.1% | 9.3% | ||
| Q1 24 | 4.7% | 1.4% |
净利率ABNBCURV
| Q4 25 | 12.3% | -2.7% | ||
| Q3 25 | 33.6% | 0.6% | ||
| Q2 25 | 20.7% | 2.2% | ||
| Q1 25 | 6.8% | -1.1% | ||
| Q4 24 | 18.6% | -0.5% | ||
| Q3 24 | 36.7% | 2.9% | ||
| Q2 24 | 20.2% | 4.4% | ||
| Q1 24 | 12.3% | -1.4% |
每股收益（稀释后）ABNBCURV
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $0.08 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $-0.03 |
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 | $17.2M |
| 总债务越低越好 | — | $276.4M |
| 股东权益账面价值 | $8.2B | $-206.5M |
| 总资产 | $22.2B | $402.9M |
| 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ABNBCURV
| Q4 25 | $11.0B | $17.2M | ||
| Q3 25 | $11.7B | $21.5M | ||
| Q2 25 | $11.4B | $23.7M | ||
| Q1 25 | $11.5B | $48.5M | ||
| Q4 24 | $10.6B | $44.0M | ||
| Q3 24 | $11.3B | $53.9M | ||
| Q2 24 | $11.3B | $20.5M | ||
| Q1 24 | $11.1B | $11.7M |
总债务ABNBCURV
| Q4 25 | — | $276.4M | ||
| Q3 25 | — | $280.5M | ||
| Q2 25 | — | $284.5M | ||
| Q1 25 | — | $288.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBCURV
| Q4 25 | $8.2B | $-206.5M | ||
| Q3 25 | $8.6B | $-201.1M | ||
| Q2 25 | $7.8B | $-183.8M | ||
| Q1 25 | $7.9B | $-191.1M | ||
| Q4 24 | $8.4B | $-189.3M | ||
| Q3 24 | $8.5B | $-188.9M | ||
| Q2 24 | $8.0B | $-198.6M | ||
| Q1 24 | $7.9B | $-211.7M |
总资产ABNBCURV
| Q4 25 | $22.2B | $402.9M | ||
| Q3 25 | $23.1B | $414.5M | ||
| Q2 25 | $27.0B | $451.4M | ||
| Q1 25 | $25.1B | $488.4M | ||
| Q4 24 | $21.0B | $493.0M | ||
| Q3 24 | $22.2B | $487.5M | ||
| Q2 24 | $26.3B | $479.7M | ||
| Q1 24 | $24.5B | $476.9M |
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 | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.6M |
| 自由现金流率自由现金流/营收 | — | -2.8% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 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 | — | $-2.3M |
8季度趋势，按日历期对齐
经营现金流ABNBCURV
| Q4 25 | $526.0M | $-4.9M | ||
| Q3 25 | $1.4B | $15.7M | ||
| Q2 25 | $975.0M | $-18.0M | ||
| Q1 25 | $1.8B | $12.0M | ||
| Q4 24 | $466.0M | $-3.1M | ||
| Q3 24 | $1.1B | $40.8M | ||
| Q2 24 | $1.1B | $27.6M | ||
| Q1 24 | $1.9B | $9.0M |
自由现金流ABNBCURV
| Q4 25 | — | $-6.6M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-20.6M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $-5.5M | ||
| Q3 24 | — | $37.7M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $-1.7M |
自由现金流率ABNBCURV
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | -0.6% |
资本支出强度ABNBCURV
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 3.7% |
现金转化率ABNBCURV
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 10.05× | ||
| Q2 25 | 1.52× | -3.03× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 4.90× | ||
| Q2 24 | 1.89× | 2.27× | ||
| 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% |
CURV
| Apparel | $213.6M | 91% |
| Non Apparel | $12.3M | 5% |
| Other | $9.2M | 4% |
| Loyalty Program | $1.1M | 0% |
