vs
爱彼迎（ABNB）与化石集团（FOSL）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化石集团的10.3倍（$2.8B vs $270.2M）。爱彼迎净利率更高（12.3% vs -14.8%，领先27.1%）。爱彼迎同比增速更快（12.0% vs -21.1%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
ABNB vs FOSL — 直观对比
营收规模更大
ABNB
是对方的10.3倍
$270.2M
营收增速更快
ABNB
高出33.1%
-21.1%
净利率更高
ABNB
高出27.1%
-14.8%
两年增速更快
ABNB
近两年复合增速
-11.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $270.2M |
| 净利润 | $341.0M | $-40.0M |
| 毛利率 | 82.5% | 49.0% |
| 营业利润率 | 9.7% | -8.0% |
| 净利率 | 12.3% | -14.8% |
| 营收同比 | 12.0% | -21.1% |
| 净利润同比 | -26.0% | -257.8% |
| 每股收益（稀释后） | — | $-0.76 |
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ABNBFOSL
| Q4 25 | $2.8B | $270.2M | ||
| Q3 25 | $4.1B | $220.4M | ||
| Q2 25 | $3.1B | $233.3M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | $342.3M | ||
| Q3 24 | $3.7B | $287.8M | ||
| Q2 24 | $2.7B | $260.0M | ||
| Q1 24 | $2.1B | $254.9M |
净利润ABNBFOSL
| Q4 25 | $341.0M | $-40.0M | ||
| Q3 25 | $1.4B | $-2.1M | ||
| Q2 25 | $642.0M | $-17.9M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | $-11.2M | ||
| Q3 24 | $1.4B | $-31.9M | ||
| Q2 24 | $555.0M | $-38.8M | ||
| Q1 24 | $264.0M | $-24.3M |
毛利率ABNBFOSL
| Q4 25 | 82.5% | 49.0% | ||
| Q3 25 | 86.6% | 57.5% | ||
| Q2 25 | 82.4% | 61.3% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | 53.9% | ||
| Q3 24 | 87.5% | 49.4% | ||
| Q2 24 | 81.6% | 52.6% | ||
| Q1 24 | 77.6% | 52.4% |
营业利润率ABNBFOSL
| Q4 25 | 9.7% | -8.0% | ||
| Q3 25 | 39.7% | 3.9% | ||
| Q2 25 | 19.8% | -2.9% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | -4.8% | ||
| Q3 24 | 40.9% | -8.5% | ||
| Q2 24 | 18.1% | -13.1% | ||
| Q1 24 | 4.7% | -11.5% |
净利率ABNBFOSL
| Q4 25 | 12.3% | -14.8% | ||
| Q3 25 | 33.6% | -1.0% | ||
| Q2 25 | 20.7% | -7.7% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | -3.3% | ||
| Q3 24 | 36.7% | -11.1% | ||
| Q2 24 | 20.2% | -14.9% | ||
| Q1 24 | 12.3% | -9.5% |
每股收益（稀释后）ABNBFOSL
| Q4 25 | — | $-0.76 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.33 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.60 | ||
| Q2 24 | — | $-0.73 | ||
| 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 | $79.2M |
| 总债务越低越好 | — | $169.1M |
| 股东权益账面价值 | $8.2B | $112.6M |
| 总资产 | $22.2B | $701.0M |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资ABNBFOSL
| Q4 25 | $11.0B | $79.2M | ||
| Q3 25 | $11.7B | $109.9M | ||
| Q2 25 | $11.4B | $78.3M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $123.6M | ||
| Q3 24 | $11.3B | $106.3M | ||
| Q2 24 | $11.3B | $104.9M | ||
| Q1 24 | $11.1B | $112.9M |
总债务ABNBFOSL
| Q4 25 | — | $169.1M | ||
| Q3 25 | — | $165.6M | ||
| Q2 25 | — | $167.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $162.7M | ||
| Q3 24 | — | $173.4M | ||
| Q2 24 | — | $156.5M | ||
| Q1 24 | — | $202.9M |
股东权益ABNBFOSL
| Q4 25 | $8.2B | $112.6M | ||
| Q3 25 | $8.6B | $150.3M | ||
| Q2 25 | $7.8B | $140.6M | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | $148.7M | ||
| Q3 24 | $8.5B | $164.4M | ||
| Q2 24 | $8.0B | $189.6M | ||
| Q1 24 | $7.9B | $229.1M |
总资产ABNBFOSL
| Q4 25 | $22.2B | $701.0M | ||
| Q3 25 | $23.1B | $704.5M | ||
| Q2 25 | $27.0B | $686.0M | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | $763.6M | ||
| Q3 24 | $22.2B | $812.4M | ||
| Q2 24 | $26.3B | $785.7M | ||
| Q1 24 | $24.5B | $891.0M |
负债/权益比ABNBFOSL
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-22.5M |
| 自由现金流率自由现金流/营收 | — | -8.3% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $-46.0M |
8季度趋势，按日历期对齐
经营现金流ABNBFOSL
| Q4 25 | $526.0M | $-22.2M | ||
| Q3 25 | $1.4B | $9.4M | ||
| Q2 25 | $975.0M | $-60.4M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | $30.5M | ||
| Q3 24 | $1.1B | $-22.8M | ||
| Q2 24 | $1.1B | $38.4M | ||
| Q1 24 | $1.9B | $622.0K |
自由现金流ABNBFOSL
| Q4 25 | — | $-22.5M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | — | $-60.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $28.5M | ||
| Q3 24 | — | $-24.1M | ||
| Q2 24 | — | $36.6M | ||
| Q1 24 | — | $-1.1M |
自由现金流率ABNBFOSL
| Q4 25 | — | -8.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | -26.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | -0.4% |
资本支出强度ABNBFOSL
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBFOSL
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| 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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
