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爱彼迎（ABNB）与DILLARD'S, INC.（DDS）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DILLARD'S, INC.的1.9倍（$2.8B vs $1.5B）。爱彼迎净利率更高（12.3% vs 8.8%，领先3.4%）。爱彼迎同比增速更快（12.0% vs 2.9%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -16.9%）
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。
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
ABNB vs DDS — 直观对比
营收规模更大
ABNB
是对方的1.9倍
$1.5B
营收增速更快
ABNB
高出9.1%
2.9%
净利率更高
ABNB
高出3.4%
8.8%
两年增速更快
ABNB
近两年复合增速
-16.9%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.5B |
| 净利润 | $341.0M | $129.8M |
| 毛利率 | 82.5% | 43.4% |
| 营业利润率 | 9.7% | 11.5% |
| 净利率 | 12.3% | 8.8% |
| 营收同比 | 12.0% | 2.9% |
| 净利润同比 | -26.0% | 4.2% |
| 每股收益（稀释后） | — | $8.31 |
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ABNBDDS
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.3B | $2.0B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $3.7B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.1B | $2.1B |
净利润ABNBDDS
| Q4 25 | $341.0M | $129.8M | ||
| Q3 25 | $1.4B | $72.8M | ||
| Q2 25 | $642.0M | $163.8M | ||
| Q1 25 | $154.0M | $214.4M | ||
| Q4 24 | $461.0M | $124.6M | ||
| Q3 24 | $1.4B | $74.5M | ||
| Q2 24 | $555.0M | $180.0M | ||
| Q1 24 | $264.0M | $250.5M |
毛利率ABNBDDS
| Q4 25 | 82.5% | 43.4% | ||
| Q3 25 | 86.6% | 36.6% | ||
| Q2 25 | 82.4% | 43.9% | ||
| Q1 25 | 77.7% | 34.9% | ||
| Q4 24 | 82.8% | 42.6% | ||
| Q3 24 | 87.5% | 37.6% | ||
| Q2 24 | 81.6% | 44.6% | ||
| Q1 24 | 77.6% | 36.6% |
营业利润率ABNBDDS
| Q4 25 | 9.7% | 11.5% | ||
| Q3 25 | 39.7% | 6.2% | ||
| Q2 25 | 19.8% | 14.0% | ||
| Q1 25 | 1.7% | 11.7% | ||
| Q4 24 | 17.3% | 11.4% | ||
| Q3 24 | 40.9% | 6.5% | ||
| Q2 24 | 18.1% | 15.2% | ||
| Q1 24 | 4.7% | 13.3% |
净利率ABNBDDS
| Q4 25 | 12.3% | 8.8% | ||
| Q3 25 | 33.6% | 4.8% | ||
| Q2 25 | 20.7% | 10.7% | ||
| Q1 25 | 6.8% | 10.6% | ||
| Q4 24 | 18.6% | 8.7% | ||
| Q3 24 | 36.7% | 5.0% | ||
| Q2 24 | 20.2% | 11.6% | ||
| Q1 24 | 12.3% | 11.8% |
每股收益（稀释后）ABNBDDS
| Q4 25 | — | $8.31 | ||
| Q3 25 | — | $4.66 | ||
| Q2 25 | — | $10.39 | ||
| Q1 25 | — | $13.41 | ||
| Q4 24 | — | $7.73 | ||
| Q3 24 | — | $4.59 | ||
| Q2 24 | — | $11.09 | ||
| Q1 24 | — | $15.41 |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.0B |
| 总资产 | $22.2B | $4.3B |
| 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ABNBDDS
| Q4 25 | $11.0B | $1.1B | ||
| Q3 25 | $11.7B | $1.0B | ||
| Q2 25 | $11.4B | $900.5M | ||
| Q1 25 | $11.5B | $717.9M | ||
| Q4 24 | $10.6B | $980.4M | ||
| Q3 24 | $11.3B | $946.7M | ||
| Q2 24 | $11.3B | $817.8M | ||
| Q1 24 | $11.1B | $808.3M |
股东权益ABNBDDS
| Q4 25 | $8.2B | $2.0B | ||
| Q3 25 | $8.6B | $1.9B | ||
| Q2 25 | $7.8B | $1.9B | ||
| Q1 25 | $7.9B | $1.8B | ||
| Q4 24 | $8.4B | $2.0B | ||
| Q3 24 | $8.5B | $1.9B | ||
| Q2 24 | $8.0B | $1.9B | ||
| Q1 24 | $7.9B | $1.7B |
总资产ABNBDDS
| Q4 25 | $22.2B | $4.3B | ||
| Q3 25 | $23.1B | $3.7B | ||
| Q2 25 | $27.0B | $3.9B | ||
| Q1 25 | $25.1B | $3.5B | ||
| Q4 24 | $21.0B | $4.1B | ||
| Q3 24 | $22.2B | $3.7B | ||
| Q2 24 | $26.3B | $3.9B | ||
| Q1 24 | $24.5B | $3.4B |
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 | $186.5M |
| 自由现金流经营现金流 - 资本支出 | — | $156.2M |
| 自由现金流率自由现金流/营收 | — | 10.6% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $781.3M |
8季度趋势，按日历期对齐
经营现金流ABNBDDS
| Q4 25 | $526.0M | $186.5M | ||
| Q3 25 | $1.4B | $86.8M | ||
| Q2 25 | $975.0M | $232.6M | ||
| Q1 25 | $1.8B | $364.7M | ||
| Q4 24 | $466.0M | $173.5M | ||
| Q3 24 | $1.1B | $-68.4M | ||
| Q2 24 | $1.1B | $244.4M | ||
| Q1 24 | $1.9B | $436.5M |
自由现金流ABNBDDS
| Q4 25 | — | $156.2M | ||
| Q3 25 | — | $60.1M | ||
| Q2 25 | — | $215.8M | ||
| Q1 25 | — | $349.3M | ||
| Q4 24 | — | $145.4M | ||
| Q3 24 | — | $-94.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $408.2M |
自由现金流率ABNBDDS
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | -6.3% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 19.2% |
资本支出强度ABNBDDS
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.3% |
现金转化率ABNBDDS
| Q4 25 | 1.54× | 1.44× | ||
| Q3 25 | 0.99× | 1.19× | ||
| Q2 25 | 1.52× | 1.42× | ||
| Q1 25 | 11.62× | 1.70× | ||
| Q4 24 | 1.01× | 1.39× | ||
| Q3 24 | 0.79× | -0.92× | ||
| Q2 24 | 1.89× | 1.36× | ||
| Q1 24 | 7.28× | 1.74× |
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% |
DDS
暂无分部数据
