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爱彼迎（ABNB）与FIVE BELOW, INC（FIVE）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FIVE BELOW, INC的2.7倍（$2.8B vs $1.0B）。爱彼迎净利率更高（12.3% vs 3.5%，领先8.8%）。FIVE BELOW, INC同比增速更快（23.1% vs 12.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
ABNB vs FIVE — 直观对比
营收规模更大
ABNB
是对方的2.7倍
$1.0B
营收增速更快
FIVE
高出11.0%
12.0%
净利率更高
ABNB
高出8.8%
3.5%
两年增速更快
ABNB
近两年复合增速
-11.9%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.0B |
| 净利润 | $341.0M | $36.5M |
| 毛利率 | 82.5% | 33.8% |
| 营业利润率 | 9.7% | 4.2% |
| 净利率 | 12.3% | 3.5% |
| 营收同比 | 12.0% | 23.1% |
| 净利润同比 | -26.0% | 2063.9% |
| 每股收益（稀释后） | — | $0.66 |
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ABNBFIVE
| Q4 25 | $2.8B | $1.0B | ||
| Q3 25 | $4.1B | $1.0B | ||
| Q2 25 | $3.1B | $970.5M | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.5B | $843.7M | ||
| Q3 24 | $3.7B | $830.1M | ||
| Q2 24 | $2.7B | $811.9M | ||
| Q1 24 | $2.1B | $1.3B |
净利润ABNBFIVE
| Q4 25 | $341.0M | $36.5M | ||
| Q3 25 | $1.4B | $42.8M | ||
| Q2 25 | $642.0M | $41.1M | ||
| Q1 25 | $154.0M | $187.5M | ||
| Q4 24 | $461.0M | $1.7M | ||
| Q3 24 | $1.4B | $33.0M | ||
| Q2 24 | $555.0M | $31.5M | ||
| Q1 24 | $264.0M | $202.2M |
毛利率ABNBFIVE
| Q4 25 | 82.5% | 33.8% | ||
| Q3 25 | 86.6% | 33.3% | ||
| Q2 25 | 82.4% | 33.4% | ||
| Q1 25 | 77.7% | 40.2% | ||
| Q4 24 | 82.8% | 30.6% | ||
| Q3 24 | 87.5% | 32.7% | ||
| Q2 24 | 81.6% | 32.5% | ||
| Q1 24 | 77.6% | 41.2% |
营业利润率ABNBFIVE
| Q4 25 | 9.7% | 4.2% | ||
| Q3 25 | 39.7% | 5.1% | ||
| Q2 25 | 19.8% | 5.2% | ||
| Q1 25 | 1.7% | 17.7% | ||
| Q4 24 | 17.3% | -0.1% | ||
| Q3 24 | 40.9% | 5.0% | ||
| Q2 24 | 18.1% | 4.5% | ||
| Q1 24 | 4.7% | 20.1% |
净利率ABNBFIVE
| Q4 25 | 12.3% | 3.5% | ||
| Q3 25 | 33.6% | 4.2% | ||
| Q2 25 | 20.7% | 4.2% | ||
| Q1 25 | 6.8% | 13.5% | ||
| Q4 24 | 18.6% | 0.2% | ||
| Q3 24 | 36.7% | 4.0% | ||
| Q2 24 | 20.2% | 3.9% | ||
| Q1 24 | 12.3% | 15.1% |
每股收益（稀释后）ABNBFIVE
| Q4 25 | — | $0.66 | ||
| Q3 25 | — | $0.77 | ||
| Q2 25 | — | $0.75 | ||
| Q1 25 | — | $3.40 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.60 | ||
| Q2 24 | — | $0.57 | ||
| Q1 24 | — | $3.64 |
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 | $524.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.0B |
| 总资产 | $22.2B | $4.8B |
| 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ABNBFIVE
| Q4 25 | $11.0B | $524.5M | ||
| Q3 25 | $11.7B | $670.2M | ||
| Q2 25 | $11.4B | $624.0M | ||
| Q1 25 | $11.5B | $528.8M | ||
| Q4 24 | $10.6B | $216.6M | ||
| Q3 24 | $11.3B | $327.7M | ||
| Q2 24 | $11.3B | $369.6M | ||
| Q1 24 | $11.1B | $460.1M |
股东权益ABNBFIVE
| 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 | $1.6B | ||
| Q3 24 | $8.5B | $1.6B | ||
| Q2 24 | $8.0B | $1.6B | ||
| Q1 24 | $7.9B | $1.6B |
总资产ABNBFIVE
| Q4 25 | $22.2B | $4.8B | ||
| Q3 25 | $23.1B | $4.6B | ||
| Q2 25 | $27.0B | $4.5B | ||
| Q1 25 | $25.1B | $4.3B | ||
| Q4 24 | $21.0B | $4.2B | ||
| Q3 24 | $22.2B | $4.0B | ||
| Q2 24 | $26.3B | $3.9B | ||
| Q1 24 | $24.5B | $3.9B |
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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.2M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 1.54× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流ABNBFIVE
| Q4 25 | $526.0M | $-80.1M | ||
| Q3 25 | $1.4B | $93.0M | ||
| Q2 25 | $975.0M | $132.7M | ||
| Q1 25 | $1.8B | $363.5M | ||
| Q4 24 | $466.0M | $-30.6M | ||
| Q3 24 | $1.1B | $71.3M | ||
| Q2 24 | $1.1B | $26.4M | ||
| Q1 24 | $1.9B | $407.7M |
自由现金流ABNBFIVE
| Q4 25 | — | $-133.2M | ||
| Q3 25 | — | $48.3M | ||
| Q2 25 | — | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | — | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M | ||
| Q1 24 | — | $304.6M |
自由现金流率ABNBFIVE
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 22.8% |
资本支出强度ABNBFIVE
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 7.7% |
现金转化率ABNBFIVE
| Q4 25 | 1.54× | -2.19× | ||
| Q3 25 | 0.99× | 2.17× | ||
| Q2 25 | 1.52× | 3.22× | ||
| Q1 25 | 11.62× | 1.94× | ||
| Q4 24 | 1.01× | -18.13× | ||
| Q3 24 | 0.79× | 2.16× | ||
| Q2 24 | 1.89× | 0.84× | ||
| Q1 24 | 7.28× | 2.02× |
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% |
FIVE
暂无分部数据
