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爱彼迎（ABNB）与Ferguson Enterprises Inc.（FERG）财务数据对比。点击上方公司名可切换其他公司
Ferguson Enterprises Inc.的季度营收约是爱彼迎的2.9倍（$8.2B vs $2.8B）。爱彼迎净利率更高（12.3% vs 7.0%，领先5.3%）。爱彼迎同比增速更快（12.0% vs 5.1%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 5.7%）
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。
Ferguson Enterprises Inc.总部位于美国弗吉尼亚州纽波特纽斯，注册地为特拉华州，是美国规模最大的水暖、暖通空调、家电、照明、管材管件、给排水产品分销商。公司95%营收来自美国本土，5%来自加拿大，拥有3.6万家供应商，运营11个区域配送中心、4个主配送中心及近5900个营业网点。
ABNB vs FERG — 直观对比
营收规模更大
FERG
是对方的2.9倍
$2.8B
营收增速更快
ABNB
高出6.9%
5.1%
净利率更高
ABNB
高出5.3%
7.0%
两年增速更快
ABNB
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $8.2B |
| 净利润 | $341.0M | $570.0M |
| 毛利率 | 82.5% | 30.7% |
| 营业利润率 | 9.7% | 9.4% |
| 净利率 | 12.3% | 7.0% |
| 营收同比 | 12.0% | 5.1% |
| 净利润同比 | -26.0% | 21.3% |
| 每股收益（稀释后） | — | $2.90 |
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ABNBFERG
| Q4 25 | $2.8B | $8.2B | ||
| Q3 25 | $4.1B | $8.5B | ||
| Q2 25 | $3.1B | $7.6B | ||
| Q1 25 | $2.3B | $6.9B | ||
| Q4 24 | $2.5B | $7.8B | ||
| Q3 24 | $3.7B | $7.9B | ||
| Q2 24 | $2.7B | $7.3B | ||
| Q1 24 | $2.1B | — |
净利润ABNBFERG
| Q4 25 | $341.0M | $570.0M | ||
| Q3 25 | $1.4B | $700.0M | ||
| Q2 25 | $642.0M | $410.0M | ||
| Q1 25 | $154.0M | $276.0M | ||
| Q4 24 | $461.0M | $470.0M | ||
| Q3 24 | $1.4B | $451.0M | ||
| Q2 24 | $555.0M | $443.0M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBFERG
| Q4 25 | 82.5% | 30.7% | ||
| Q3 25 | 86.6% | 31.7% | ||
| Q2 25 | 82.4% | 31.0% | ||
| Q1 25 | 77.7% | 29.7% | ||
| Q4 24 | 82.8% | 30.1% | ||
| Q3 24 | 87.5% | 31.0% | ||
| Q2 24 | 81.6% | 30.5% | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBFERG
| Q4 25 | 9.7% | 9.4% | ||
| Q3 25 | 39.7% | 10.9% | ||
| Q2 25 | 19.8% | 8.0% | ||
| Q1 25 | 1.7% | 6.0% | ||
| Q4 24 | 17.3% | 8.6% | ||
| Q3 24 | 40.9% | 10.2% | ||
| Q2 24 | 18.1% | 8.6% | ||
| Q1 24 | 4.7% | — |
净利率ABNBFERG
| Q4 25 | 12.3% | 7.0% | ||
| Q3 25 | 33.6% | 8.2% | ||
| Q2 25 | 20.7% | 5.4% | ||
| Q1 25 | 6.8% | 4.0% | ||
| Q4 24 | 18.6% | 6.0% | ||
| Q3 24 | 36.7% | 5.7% | ||
| Q2 24 | 20.2% | 6.1% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBFERG
| Q4 25 | — | $2.90 | ||
| Q3 25 | — | $3.53 | ||
| Q2 25 | — | $2.07 | ||
| Q1 25 | — | $1.38 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | — | $2.23 | ||
| Q2 24 | — | $2.18 | ||
| 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 | $526.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $6.1B |
| 总资产 | $22.2B | $17.7B |
| 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ABNBFERG
| Q4 25 | $11.0B | $526.0M | ||
| Q3 25 | $11.7B | $674.0M | ||
| Q2 25 | $11.4B | $519.0M | ||
| Q1 25 | $11.5B | $764.0M | ||
| Q4 24 | $10.6B | $601.0M | ||
| Q3 24 | $11.3B | $571.0M | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.1B | — |
总债务ABNBFERG
| Q4 25 | — | — | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBFERG
| Q4 25 | $8.2B | $6.1B | ||
| Q3 25 | $8.6B | $5.8B | ||
| Q2 25 | $7.8B | $5.5B | ||
| Q1 25 | $7.9B | $5.5B | ||
| Q4 24 | $8.4B | $5.7B | ||
| Q3 24 | $8.5B | $5.6B | ||
| Q2 24 | $8.0B | $5.5B | ||
| Q1 24 | $7.9B | — |
总资产ABNBFERG
| Q4 25 | $22.2B | $17.7B | ||
| Q3 25 | $23.1B | $17.7B | ||
| Q2 25 | $27.0B | $17.3B | ||
| Q1 25 | $25.1B | $16.5B | ||
| Q4 24 | $21.0B | $16.9B | ||
| Q3 24 | $22.2B | $16.6B | ||
| Q2 24 | $26.3B | — | ||
| Q1 24 | $24.5B | — |
负债/权益比ABNBFERG
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | — | ||
| 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 | $430.0M |
| 自由现金流经营现金流 - 资本支出 | — | $312.0M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.75× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBFERG
| Q4 25 | $526.0M | $430.0M | ||
| Q3 25 | $1.4B | $541.0M | ||
| Q2 25 | $975.0M | $682.0M | ||
| Q1 25 | $1.8B | $340.0M | ||
| Q4 24 | $466.0M | $345.0M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBFERG
| Q4 25 | — | $312.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $605.0M | ||
| Q1 25 | — | $259.0M | ||
| Q4 24 | — | $268.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ABNBFERG
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ABNBFERG
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ABNBFERG
| Q4 25 | 1.54× | 0.75× | ||
| Q3 25 | 0.99× | 0.77× | ||
| Q2 25 | 1.52× | 1.66× | ||
| Q1 25 | 11.62× | 1.23× | ||
| Q4 24 | 1.01× | 0.73× | ||
| Q3 24 | 0.79× | — | ||
| 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% |
FERG
暂无分部数据
