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爱彼迎（ABNB）与DULUTH HOLDINGS INC.（DLTH）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DULUTH HOLDINGS INC.的24.2倍（$2.8B vs $114.9M）。爱彼迎净利率更高（12.3% vs -8.8%，领先21.1%）。爱彼迎同比增速更快（12.0% vs -9.6%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -31.6%）
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。
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
ABNB vs DLTH — 直观对比
营收规模更大
ABNB
是对方的24.2倍
$114.9M
营收增速更快
ABNB
高出21.6%
-9.6%
净利率更高
ABNB
高出21.1%
-8.8%
两年增速更快
ABNB
近两年复合增速
-31.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $114.9M |
| 净利润 | $341.0M | $-10.1M |
| 毛利率 | 82.5% | 53.8% |
| 营业利润率 | 9.7% | -7.7% |
| 净利率 | 12.3% | -8.8% |
| 营收同比 | 12.0% | -9.6% |
| 净利润同比 | -26.0% | 64.6% |
| 每股收益（稀释后） | — | $-0.29 |
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ABNBDLTH
| Q4 25 | $2.8B | $114.9M | ||
| Q3 25 | $4.1B | $131.7M | ||
| Q2 25 | $3.1B | $102.7M | ||
| Q1 25 | $2.3B | $241.3M | ||
| Q4 24 | $2.5B | $127.1M | ||
| Q3 24 | $3.7B | $141.6M | ||
| Q2 24 | $2.7B | $116.7M | ||
| Q1 24 | $2.1B | $245.6M |
净利润ABNBDLTH
| Q4 25 | $341.0M | $-10.1M | ||
| Q3 25 | $1.4B | $1.3M | ||
| Q2 25 | $642.0M | $-15.3M | ||
| Q1 25 | $154.0M | $-5.6M | ||
| Q4 24 | $461.0M | $-28.2M | ||
| Q3 24 | $1.4B | $-2.0M | ||
| Q2 24 | $555.0M | $-7.9M | ||
| Q1 24 | $264.0M | $6.4M |
毛利率ABNBDLTH
| Q4 25 | 82.5% | 53.8% | ||
| Q3 25 | 86.6% | 54.7% | ||
| Q2 25 | 82.4% | 52.0% | ||
| Q1 25 | 77.7% | 44.1% | ||
| Q4 24 | 82.8% | 52.3% | ||
| Q3 24 | 87.5% | 52.3% | ||
| Q2 24 | 81.6% | 52.8% | ||
| Q1 24 | 77.6% | 48.2% |
营业利润率ABNBDLTH
| Q4 25 | 9.7% | -7.7% | ||
| Q3 25 | 39.7% | 1.8% | ||
| Q2 25 | 19.8% | -12.0% | ||
| Q1 25 | 1.7% | -1.8% | ||
| Q4 24 | 17.3% | -17.4% | ||
| Q3 24 | 40.9% | -1.1% | ||
| Q2 24 | 18.1% | -7.7% | ||
| Q1 24 | 4.7% | 3.6% |
净利率ABNBDLTH
| Q4 25 | 12.3% | -8.8% | ||
| Q3 25 | 33.6% | 1.0% | ||
| Q2 25 | 20.7% | -14.9% | ||
| Q1 25 | 6.8% | -2.3% | ||
| Q4 24 | 18.6% | -22.2% | ||
| Q3 24 | 36.7% | -1.4% | ||
| Q2 24 | 20.2% | -6.7% | ||
| Q1 24 | 12.3% | 2.6% |
每股收益（稀释后）ABNBDLTH
| Q4 25 | — | $-0.29 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $-0.45 | ||
| Q1 25 | — | $-0.17 | ||
| Q4 24 | — | $-0.84 | ||
| Q3 24 | — | $-0.06 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | — | $0.20 |
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 | $8.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $160.6M |
| 总资产 | $22.2B | $468.0M |
| 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ABNBDLTH
| Q4 25 | $11.0B | $8.2M | ||
| Q3 25 | $11.7B | $5.7M | ||
| Q2 25 | $11.4B | $8.6M | ||
| Q1 25 | $11.5B | $3.3M | ||
| Q4 24 | $10.6B | $9.3M | ||
| Q3 24 | $11.3B | $9.8M | ||
| Q2 24 | $11.3B | $6.8M | ||
| Q1 24 | $11.1B | $32.2M |
股东权益ABNBDLTH
| Q4 25 | $8.2B | $160.6M | ||
| Q3 25 | $8.6B | $170.0M | ||
| Q2 25 | $7.8B | $167.9M | ||
| Q1 25 | $7.9B | $182.7M | ||
| Q4 24 | $8.4B | $188.1M | ||
| Q3 24 | $8.5B | $215.7M | ||
| Q2 24 | $8.0B | $218.4M | ||
| Q1 24 | $7.9B | $222.8M |
总资产ABNBDLTH
| Q4 25 | $22.2B | $468.0M | ||
| Q3 25 | $23.1B | $433.8M | ||
| Q2 25 | $27.0B | $463.7M | ||
| Q1 25 | $25.1B | $452.4M | ||
| Q4 24 | $21.0B | $533.1M | ||
| Q3 24 | $22.2B | $488.6M | ||
| Q2 24 | $26.3B | $471.4M | ||
| Q1 24 | $24.5B | $491.2M |
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 | $-6.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.9M |
| 自由现金流率自由现金流/营收 | — | -7.8% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $1.7M |
8季度趋势，按日历期对齐
经营现金流ABNBDLTH
| Q4 25 | $526.0M | $-6.7M | ||
| Q3 25 | $1.4B | $32.0M | ||
| Q2 25 | $975.0M | $-56.5M | ||
| Q1 25 | $1.8B | $41.2M | ||
| Q4 24 | $466.0M | $-41.1M | ||
| Q3 24 | $1.1B | $16.6M | ||
| Q2 24 | $1.1B | $-33.7M | ||
| Q1 24 | $1.9B | $69.7M |
自由现金流ABNBDLTH
| Q4 25 | — | $-8.9M | ||
| Q3 25 | — | $29.8M | ||
| Q2 25 | — | $-57.8M | ||
| Q1 25 | — | $38.7M | ||
| Q4 24 | — | $-43.7M | ||
| Q3 24 | — | $15.0M | ||
| Q2 24 | — | $-35.2M | ||
| Q1 24 | — | $60.6M |
自由现金流率ABNBDLTH
| Q4 25 | — | -7.8% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | -56.3% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | -34.4% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | -30.2% | ||
| Q1 24 | — | 24.7% |
资本支出强度ABNBDLTH
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 3.7% |
现金转化率ABNBDLTH
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 25.40× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 7.28× | 10.86× |
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% |
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
