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爱彼迎（ABNB）与DESTINATION XL GROUP, INC.（DXLG）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DESTINATION XL GROUP, INC.的27.3倍（$2.8B vs $101.9M）。爱彼迎净利率更高（12.3% vs -4.0%，领先16.3%）。爱彼迎同比增速更快（12.0% vs -5.2%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -13.8%）
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。
Destination XL Group是北美大型男装零售商，主打大码与加肥加大男士服饰，旗下拥有DXL、Casual Male XL两大品牌，在美国全境开设了290家直营门店与 outlet 门店，同时通过dxl.com官网及移动客户端服务美国、加拿大、英国、大中华区等全球多地客户，总部位于美国马萨诸塞州坎顿。
ABNB vs DXLG — 直观对比
营收规模更大
ABNB
是对方的27.3倍
$101.9M
营收增速更快
ABNB
高出17.2%
-5.2%
净利率更高
ABNB
高出16.3%
-4.0%
两年增速更快
ABNB
近两年复合增速
-13.8%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $101.9M |
| 净利润 | $341.0M | $-4.1M |
| 毛利率 | 82.5% | 42.7% |
| 营业利润率 | 9.7% | -5.6% |
| 净利率 | 12.3% | -4.0% |
| 营收同比 | 12.0% | -5.2% |
| 净利润同比 | -26.0% | -128.3% |
| 每股收益（稀释后） | — | $-0.08 |
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ABNBDXLG
| Q4 25 | $2.8B | $101.9M | ||
| Q3 25 | $4.1B | $115.5M | ||
| Q2 25 | $3.1B | $105.5M | ||
| Q1 25 | $2.3B | $119.2M | ||
| Q4 24 | $2.5B | $107.5M | ||
| Q3 24 | $3.7B | $124.8M | ||
| Q2 24 | $2.7B | $115.5M | ||
| Q1 24 | $2.1B | $137.1M |
净利润ABNBDXLG
| Q4 25 | $341.0M | $-4.1M | ||
| Q3 25 | $1.4B | $-265.0K | ||
| Q2 25 | $642.0M | $-1.9M | ||
| Q1 25 | $154.0M | $-1.3M | ||
| Q4 24 | $461.0M | $-1.8M | ||
| Q3 24 | $1.4B | $2.4M | ||
| Q2 24 | $555.0M | $3.8M | ||
| Q1 24 | $264.0M | $5.2M |
毛利率ABNBDXLG
| Q4 25 | 82.5% | 42.7% | ||
| Q3 25 | 86.6% | 45.2% | ||
| Q2 25 | 82.4% | 45.1% | ||
| Q1 25 | 77.7% | 44.4% | ||
| Q4 24 | 82.8% | 45.1% | ||
| Q3 24 | 87.5% | 48.2% | ||
| Q2 24 | 81.6% | 48.2% | ||
| Q1 24 | 77.6% | 47.0% |
营业利润率ABNBDXLG
| Q4 25 | 9.7% | -5.6% | ||
| Q3 25 | 39.7% | 0.6% | ||
| Q2 25 | 19.8% | -3.3% | ||
| Q1 25 | 1.7% | -1.5% | ||
| Q4 24 | 17.3% | -2.4% | ||
| Q3 24 | 40.9% | 2.5% | ||
| Q2 24 | 18.1% | 4.2% | ||
| Q1 24 | 4.7% | 5.9% |
净利率ABNBDXLG
| Q4 25 | 12.3% | -4.0% | ||
| Q3 25 | 33.6% | -0.2% | ||
| Q2 25 | 20.7% | -1.8% | ||
| Q1 25 | 6.8% | -1.1% | ||
| Q4 24 | 18.6% | -1.7% | ||
| Q3 24 | 36.7% | 1.9% | ||
| Q2 24 | 20.2% | 3.3% | ||
| Q1 24 | 12.3% | 3.8% |
每股收益（稀释后）ABNBDXLG
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.02 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.08 |
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 | $27.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $137.2M |
| 总资产 | $22.2B | $401.5M |
| 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ABNBDXLG
| Q4 25 | $11.0B | $27.0M | ||
| Q3 25 | $11.7B | $33.5M | ||
| Q2 25 | $11.4B | $29.1M | ||
| Q1 25 | $11.5B | $48.4M | ||
| Q4 24 | $10.6B | $43.0M | ||
| Q3 24 | $11.3B | $63.2M | ||
| Q2 24 | $11.3B | $53.2M | ||
| Q1 24 | $11.1B | $60.0M |
股东权益ABNBDXLG
| Q4 25 | $8.2B | $137.2M | ||
| Q3 25 | $8.6B | $140.9M | ||
| Q2 25 | $7.8B | $140.7M | ||
| Q1 25 | $7.9B | $141.2M | ||
| Q4 24 | $8.4B | $145.5M | ||
| Q3 24 | $8.5B | $157.0M | ||
| Q2 24 | $8.0B | $153.6M | ||
| Q1 24 | $7.9B | $149.0M |
总资产ABNBDXLG
| Q4 25 | $22.2B | $401.5M | ||
| Q3 25 | $23.1B | $408.8M | ||
| Q2 25 | $27.0B | $380.1M | ||
| Q1 25 | $25.1B | $381.0M | ||
| Q4 24 | $21.0B | $381.3M | ||
| Q3 24 | $22.2B | $383.8M | ||
| Q2 24 | $26.3B | $376.6M | ||
| Q1 24 | $24.5B | $357.7M |
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 | $-1.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -5.9% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 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 | — | $-11.4M |
8季度趋势，按日历期对齐
经营现金流ABNBDXLG
| Q4 25 | $526.0M | $-1.1M | ||
| Q3 25 | $1.4B | $9.9M | ||
| Q2 25 | $975.0M | $-12.0M | ||
| Q1 25 | $1.8B | $17.1M | ||
| Q4 24 | $466.0M | $-3.5M | ||
| Q3 24 | $1.1B | $17.1M | ||
| Q2 24 | $1.1B | $-1.1M | ||
| Q1 24 | $1.9B | $16.5M |
自由现金流ABNBDXLG
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $-18.8M | ||
| Q1 25 | — | $8.8M | ||
| Q4 24 | — | $-10.1M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | — | $-7.0M | ||
| Q1 24 | — | $9.5M |
自由现金流率ABNBDXLG
| Q4 25 | — | -5.9% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | -17.8% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | -9.4% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | -6.1% | ||
| Q1 24 | — | 6.9% |
资本支出强度ABNBDXLG
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 5.1% |
现金转化率ABNBDXLG
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 7.17× | ||
| Q2 24 | 1.89× | -0.30× | ||
| Q1 24 | 7.28× | 3.15× |
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% |
DXLG
| Sales Channel Through Intermediary | $74.5M | 73% |
| Sales Channel Directly To Consumer | $27.3M | 27% |
