vs
爱彼迎（ABNB）与GrowGeneration Corp.（GRWG）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GrowGeneration Corp.的73.5倍（$2.8B vs $37.8M）。爱彼迎净利率更高（12.3% vs -19.6%，领先31.9%）。爱彼迎同比增速更快（12.0% vs 1.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -11.1%）
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。
GrowGeneration Corp是美国领先的水培及有机园艺用品专业零售商，主营种植灯、营养液、环境控制系统、栽培工具等全系列产品，通过覆盖全国的实体门店和电商渠道，为商业室内种植从业者（包括合法大麻种植商）及家庭园艺爱好者提供服务。
ABNB vs GRWG — 直观对比
营收规模更大
ABNB
是对方的73.5倍
$37.8M
营收增速更快
ABNB
高出11.0%
1.0%
净利率更高
ABNB
高出31.9%
-19.6%
两年增速更快
ABNB
近两年复合增速
-11.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $37.8M |
| 净利润 | $341.0M | $-7.4M |
| 毛利率 | 82.5% | 24.1% |
| 营业利润率 | 9.7% | -20.1% |
| 净利率 | 12.3% | -19.6% |
| 营收同比 | 12.0% | 1.0% |
| 净利润同比 | -26.0% | 68.2% |
| 每股收益（稀释后） | — | $-0.12 |
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ABNBGRWG
| Q4 25 | $2.8B | $37.8M | ||
| Q3 25 | $4.1B | $47.3M | ||
| Q2 25 | $3.1B | $41.0M | ||
| Q1 25 | $2.3B | $35.7M | ||
| Q4 24 | $2.5B | $37.4M | ||
| Q3 24 | $3.7B | $50.0M | ||
| Q2 24 | $2.7B | $53.5M | ||
| Q1 24 | $2.1B | $47.9M |
净利润ABNBGRWG
| Q4 25 | $341.0M | $-7.4M | ||
| Q3 25 | $1.4B | $-2.4M | ||
| Q2 25 | $642.0M | $-4.8M | ||
| Q1 25 | $154.0M | $-9.4M | ||
| Q4 24 | $461.0M | $-23.3M | ||
| Q3 24 | $1.4B | $-11.4M | ||
| Q2 24 | $555.0M | $-5.9M | ||
| Q1 24 | $264.0M | $-8.8M |
毛利率ABNBGRWG
| Q4 25 | 82.5% | 24.1% | ||
| Q3 25 | 86.6% | 27.2% | ||
| Q2 25 | 82.4% | 28.3% | ||
| Q1 25 | 77.7% | 27.2% | ||
| Q4 24 | 82.8% | 16.4% | ||
| Q3 24 | 87.5% | 21.6% | ||
| Q2 24 | 81.6% | 26.9% | ||
| Q1 24 | 77.6% | 25.8% |
营业利润率ABNBGRWG
| Q4 25 | 9.7% | -20.1% | ||
| Q3 25 | 39.7% | -6.0% | ||
| Q2 25 | 19.8% | -12.9% | ||
| Q1 25 | 1.7% | -27.7% | ||
| Q4 24 | 17.3% | -63.9% | ||
| Q3 24 | 40.9% | -24.2% | ||
| Q2 24 | 18.1% | -12.2% | ||
| Q1 24 | 4.7% | -19.7% |
净利率ABNBGRWG
| Q4 25 | 12.3% | -19.6% | ||
| Q3 25 | 33.6% | -5.2% | ||
| Q2 25 | 20.7% | -11.7% | ||
| Q1 25 | 6.8% | -26.3% | ||
| Q4 24 | 18.6% | -62.4% | ||
| Q3 24 | 36.7% | -22.9% | ||
| Q2 24 | 20.2% | -11.0% | ||
| Q1 24 | 12.3% | -18.5% |
每股收益（稀释后）ABNBGRWG
| Q4 25 | — | $-0.12 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.08 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $-0.39 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.14 |
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 | $46.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $97.5M |
| 总资产 | $22.2B | $147.0M |
| 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ABNBGRWG
| Q4 25 | $11.0B | $46.1M | ||
| Q3 25 | $11.7B | $48.3M | ||
| Q2 25 | $11.4B | $48.7M | ||
| Q1 25 | $11.5B | $52.6M | ||
| Q4 24 | $10.6B | $56.5M | ||
| Q3 24 | $11.3B | $55.2M | ||
| Q2 24 | $11.3B | $56.0M | ||
| Q1 24 | $11.1B | $61.3M |
股东权益ABNBGRWG
| Q4 25 | $8.2B | $97.5M | ||
| Q3 25 | $8.6B | $104.7M | ||
| Q2 25 | $7.8B | $106.7M | ||
| Q1 25 | $7.9B | $111.2M | ||
| Q4 24 | $8.4B | $120.1M | ||
| Q3 24 | $8.5B | $143.2M | ||
| Q2 24 | $8.0B | $155.8M | ||
| Q1 24 | $7.9B | $165.3M |
总资产ABNBGRWG
| Q4 25 | $22.2B | $147.0M | ||
| Q3 25 | $23.1B | $159.6M | ||
| Q2 25 | $27.0B | $160.6M | ||
| Q1 25 | $25.1B | $164.2M | ||
| Q4 24 | $21.0B | $174.4M | ||
| Q3 24 | $22.2B | $199.6M | ||
| Q2 24 | $26.3B | $219.2M | ||
| Q1 24 | $24.5B | $230.4M |
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 | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBGRWG
| Q4 25 | $526.0M | $-2.2M | ||
| Q3 25 | $1.4B | $-499.0K | ||
| Q2 25 | $975.0M | $-2.9M | ||
| Q1 25 | $1.8B | $-3.8M | ||
| Q4 24 | $466.0M | $1.1M | ||
| Q3 24 | $1.1B | $1.2M | ||
| Q2 24 | $1.1B | $-398.0K | ||
| Q1 24 | $1.9B | $-3.6M |
现金转化率ABNBGRWG
| 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% |
GRWG
| Consumables | $22.3M | 59% |
| Durables | $9.8M | 26% |
| Commercial Fixture Sales | $5.7M | 15% |
