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爱彼迎（ABNB）与Floor & Decor Holdings, Inc.（FND）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Floor & Decor Holdings, Inc.的2.5倍（$2.8B vs $1.1B）。爱彼迎净利率更高（12.3% vs 3.5%，领先8.8%）。爱彼迎同比增速更快（12.0% vs 2.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 1.5%）
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。
Floor & Decor Holdings, Inc.是美国多渠道专业零售企业，对外使用Floor & Decor品牌开展业务，创立于2000年，总部位于美国佐治亚州士麦那，主营各类硬质面地板及相关配套配件，线上线下销售渠道全面覆盖。
ABNB vs FND — 直观对比
营收规模更大
ABNB
是对方的2.5倍
$1.1B
营收增速更快
ABNB
高出10.0%
2.0%
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
1.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.1B |
| 净利润 | $341.0M | $39.3M |
| 毛利率 | 82.5% | 43.5% |
| 营业利润率 | 9.7% | 4.6% |
| 净利率 | 12.3% | 3.5% |
| 营收同比 | 12.0% | 2.0% |
| 净利润同比 | -26.0% | -17.2% |
| 每股收益（稀释后） | — | $0.36 |
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ABNBFND
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $3.7B | $1.1B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
净利润ABNBFND
| Q4 25 | $341.0M | $39.3M | ||
| Q3 25 | $1.4B | $57.3M | ||
| Q2 25 | $642.0M | $63.2M | ||
| Q1 25 | $154.0M | $48.9M | ||
| Q4 24 | $461.0M | $47.5M | ||
| Q3 24 | $1.4B | $51.7M | ||
| Q2 24 | $555.0M | $56.7M | ||
| Q1 24 | $264.0M | $50.0M |
毛利率ABNBFND
| Q4 25 | 82.5% | 43.5% | ||
| Q3 25 | 86.6% | 43.4% | ||
| Q2 25 | 82.4% | 43.9% | ||
| Q1 25 | 77.7% | 43.8% | ||
| Q4 24 | 82.8% | 43.5% | ||
| Q3 24 | 87.5% | 43.5% | ||
| Q2 24 | 81.6% | 43.3% | ||
| Q1 24 | 77.6% | 42.8% |
营业利润率ABNBFND
| Q4 25 | 9.7% | 4.6% | ||
| Q3 25 | 39.7% | 6.1% | ||
| Q2 25 | 19.8% | 6.7% | ||
| Q1 25 | 1.7% | 5.5% | ||
| Q4 24 | 17.3% | 5.3% | ||
| Q3 24 | 40.9% | 5.9% | ||
| Q2 24 | 18.1% | 6.3% | ||
| Q1 24 | 4.7% | 5.4% |
净利率ABNBFND
| Q4 25 | 12.3% | 3.5% | ||
| Q3 25 | 33.6% | 4.9% | ||
| Q2 25 | 20.7% | 5.2% | ||
| Q1 25 | 6.8% | 4.2% | ||
| Q4 24 | 18.6% | 4.3% | ||
| Q3 24 | 36.7% | 4.6% | ||
| Q2 24 | 20.2% | 5.0% | ||
| Q1 24 | 12.3% | 4.6% |
每股收益（稀释后）ABNBFND
| Q4 25 | — | $0.36 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $0.58 | ||
| Q1 25 | — | $0.45 | ||
| Q4 24 | — | $0.44 | ||
| Q3 24 | — | $0.48 | ||
| Q2 24 | — | $0.52 | ||
| Q1 24 | — | $0.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.4B |
| 总资产 | $22.2B | $5.5B |
| 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ABNBFND
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.1B | — |
股东权益ABNBFND
| Q4 25 | $8.2B | $2.4B | ||
| Q3 25 | $8.6B | $2.4B | ||
| Q2 25 | $7.8B | $2.3B | ||
| Q1 25 | $7.9B | $2.2B | ||
| Q4 24 | $8.4B | $2.2B | ||
| Q3 24 | $8.5B | $2.1B | ||
| Q2 24 | $8.0B | $2.0B | ||
| Q1 24 | $7.9B | $2.0B |
总资产ABNBFND
| Q4 25 | $22.2B | $5.5B | ||
| Q3 25 | $23.1B | $5.5B | ||
| Q2 25 | $27.0B | $5.4B | ||
| Q1 25 | $25.1B | $5.4B | ||
| Q4 24 | $21.0B | $5.1B | ||
| Q3 24 | $22.2B | $4.9B | ||
| Q2 24 | $26.3B | $4.8B | ||
| Q1 24 | $24.5B | $4.7B |
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 | $124.1M |
| 自由现金流经营现金流 - 资本支出 | — | $45.1M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 7.0% |
| 现金转化率经营现金流/净利润 | 1.54× | 3.15× |
| 过去12个月自由现金流最近4个季度 | — | $64.1M |
8季度趋势，按日历期对齐
经营现金流ABNBFND
| Q4 25 | $526.0M | $124.1M | ||
| Q3 25 | $1.4B | $102.5M | ||
| Q2 25 | $975.0M | $84.1M | ||
| Q1 25 | $1.8B | $71.2M | ||
| Q4 24 | $466.0M | $101.4M | ||
| Q3 24 | $1.1B | $160.3M | ||
| Q2 24 | $1.1B | $194.0M | ||
| Q1 24 | $1.9B | $147.5M |
自由现金流ABNBFND
| Q4 25 | — | $45.1M | ||
| Q3 25 | — | $24.5M | ||
| Q2 25 | — | $-10.0M | ||
| Q1 25 | — | $4.4M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $36.5M | ||
| Q2 24 | — | $80.0M | ||
| Q1 24 | — | $35.8M |
自由现金流率ABNBFND
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 3.3% |
资本支出强度ABNBFND
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 10.2% |
现金转化率ABNBFND
| Q4 25 | 1.54× | 3.15× | ||
| Q3 25 | 0.99× | 1.79× | ||
| Q2 25 | 1.52× | 1.33× | ||
| Q1 25 | 11.62× | 1.46× | ||
| Q4 24 | 1.01× | 2.14× | ||
| Q3 24 | 0.79× | 3.10× | ||
| Q2 24 | 1.89× | 3.42× | ||
| Q1 24 | 7.28× | 2.95× |
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% |
FND
| Laminate And Vinyl | $310.1M | 27% |
| Tile | $259.1M | 23% |
| Installation Materials And Tools | $218.4M | 19% |
| Decorative Accessories And Wall Tile | $177.0M | 16% |
| Wood | $83.2M | 7% |
| Natural Stone | $46.8M | 4% |
| Adjacent Categories | $26.6M | 2% |
| Other | $8.5M | 1% |
