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爱彼迎（ABNB）与哈里伯顿（HAL）财务数据对比。点击上方公司名可切换其他公司
哈里伯顿的季度营收约是爱彼迎的1.9倍（$5.4B vs $2.8B），爱彼迎净利率更高（12.3% vs 8.6%，领先3.7%），爱彼迎同比增速更快（12.0% vs -4.5%），过去两年爱彼迎的营收复合增速更高（13.9% vs -3.8%）
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。
哈里伯顿是源自美国的跨国企业，为全球第二大油田服务提供商，承接了全球绝大多数水力压裂作业项目。公司在美国注册，设有休斯敦与迪拜双总部，业务覆盖全球主要油气开采市场。
ABNB vs HAL — 直观对比
营收规模更大
HAL
是对方的1.9倍
$2.8B
营收增速更快
ABNB
高出16.5%
-4.5%
净利率更高
ABNB
高出3.7%
8.6%
两年增速更快
ABNB
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $5.4B |
| 净利润 | $341.0M | $464.0M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 12.6% |
| 净利率 | 12.3% | 8.6% |
| 营收同比 | 12.0% | -4.5% |
| 净利润同比 | -26.0% | -21.2% |
| 每股收益（稀释后） | — | $0.55 |
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ABNBHAL
| Q1 26 | — | $5.4B | ||
| Q4 25 | $2.8B | $5.7B | ||
| Q3 25 | $4.1B | $5.6B | ||
| Q2 25 | $3.1B | $5.5B | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.5B | $5.6B | ||
| Q3 24 | $3.7B | $5.7B | ||
| Q2 24 | $2.7B | $5.8B |
净利润ABNBHAL
| Q1 26 | — | $464.0M | ||
| Q4 25 | $341.0M | $589.0M | ||
| Q3 25 | $1.4B | $18.0M | ||
| Q2 25 | $642.0M | $472.0M | ||
| Q1 25 | $154.0M | $204.0M | ||
| Q4 24 | $461.0M | $615.0M | ||
| Q3 24 | $1.4B | $571.0M | ||
| Q2 24 | $555.0M | $709.0M |
毛利率ABNBHAL
| Q1 26 | — | — | ||
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | — |
营业利润率ABNBHAL
| Q1 26 | — | 12.6% | ||
| Q4 25 | 9.7% | 13.2% | ||
| Q3 25 | 39.7% | 6.4% | ||
| Q2 25 | 19.8% | 13.2% | ||
| Q1 25 | 1.7% | 8.0% | ||
| Q4 24 | 17.3% | 16.6% | ||
| Q3 24 | 40.9% | 15.3% | ||
| Q2 24 | 18.1% | 17.7% |
净利率ABNBHAL
| Q1 26 | — | 8.6% | ||
| Q4 25 | 12.3% | 10.4% | ||
| Q3 25 | 33.6% | 0.3% | ||
| Q2 25 | 20.7% | 8.6% | ||
| Q1 25 | 6.8% | 3.8% | ||
| Q4 24 | 18.6% | 11.0% | ||
| Q3 24 | 36.7% | 10.0% | ||
| Q2 24 | 20.2% | 12.2% |
每股收益（稀释后）ABNBHAL
| Q1 26 | — | $0.55 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $0.55 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $650000.00 | ||
| Q2 24 | — | $800000.00 |
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 | $2.0M |
| 总债务越低越好 | — | $7.2M |
| 股东权益账面价值 | $8.2B | $10.8M |
| 总资产 | $22.2B | $25.1M |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资ABNBHAL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $11.0B | $2.2B | ||
| Q3 25 | $11.7B | $2.0B | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $2.6B | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | — |
总债务ABNBHAL
| Q1 26 | — | $7.2M | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B |
股东权益ABNBHAL
| Q1 26 | — | $10.8M | ||
| Q4 25 | $8.2B | $10.5B | ||
| Q3 25 | $8.6B | $10.2B | ||
| Q2 25 | $7.8B | $10.5B | ||
| Q1 25 | $7.9B | $10.4B | ||
| Q4 24 | $8.4B | $10.5B | ||
| Q3 24 | $8.5B | $10.3B | ||
| Q2 24 | $8.0B | $10.0B |
总资产ABNBHAL
| Q1 26 | — | $25.1M | ||
| Q4 25 | $22.2B | $25.0B | ||
| Q3 25 | $23.1B | $25.2B | ||
| Q2 25 | $27.0B | $25.4B | ||
| Q1 25 | $25.1B | $25.2B | ||
| Q4 24 | $21.0B | $25.6B | ||
| Q3 24 | $22.2B | $25.3B | ||
| Q2 24 | $26.3B | $25.2B |
负债/权益比ABNBHAL
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $123.0M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 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 | — | $1.7B |
8季度趋势，按日历期对齐
经营现金流ABNBHAL
| Q1 26 | — | — | ||
| Q4 25 | $526.0M | $1.2B | ||
| Q3 25 | $1.4B | $488.0M | ||
| Q2 25 | $975.0M | $896.0M | ||
| Q1 25 | $1.8B | $377.0M | ||
| Q4 24 | $466.0M | $1.5B | ||
| Q3 24 | $1.1B | $841.0M | ||
| Q2 24 | $1.1B | $1.1B |
自由现金流ABNBHAL
| Q1 26 | — | $123.0M | ||
| Q4 25 | — | $828.0M | ||
| Q3 25 | — | $227.0M | ||
| Q2 25 | — | $542.0M | ||
| Q1 25 | — | $75.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $502.0M | ||
| Q2 24 | — | $734.0M |
自由现金流率ABNBHAL
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 12.6% |
资本支出强度ABNBHAL
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.9% |
现金转化率ABNBHAL
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 1.98× | ||
| Q3 25 | 0.99× | 27.11× | ||
| Q2 25 | 1.52× | 1.90× | ||
| Q1 25 | 11.62× | 1.85× | ||
| Q4 24 | 1.01× | 2.37× | ||
| Q3 24 | 0.79× | 1.47× | ||
| Q2 24 | 1.89× | 1.52× |
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% |
HAL
| Completion and Production | $3.0B | 56% |
| Middle East/Asia | $1.3B | 24% |
| Europe/Africa/CIS | $858.0M | 16% |
| Other | $210.0M | 4% |
