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爱彼迎（ABNB）与汉美驰（HBB）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汉美驰的13.0倍（$2.8B vs $212.9M）。爱彼迎净利率更高（12.3% vs 8.7%，领先3.6%）。爱彼迎同比增速更快（12.0% vs -0.3%）。过去两年汉美驰的营收复合增速更高（28.8% vs 13.9%）
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。
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
ABNB vs HBB — 直观对比
营收规模更大
ABNB
是对方的13.0倍
$212.9M
营收增速更快
ABNB
高出12.3%
-0.3%
净利率更高
ABNB
高出3.6%
8.7%
两年增速更快
HBB
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $212.9M |
| 净利润 | $341.0M | $18.5M |
| 毛利率 | 82.5% | 28.3% |
| 营业利润率 | 9.7% | 11.9% |
| 净利率 | 12.3% | 8.7% |
| 营收同比 | 12.0% | -0.3% |
| 净利润同比 | -26.0% | -22.7% |
| 每股收益（稀释后） | — | $1.37 |
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ABNBHBB
| Q4 25 | $2.8B | $212.9M | ||
| Q3 25 | $4.1B | $132.8M | ||
| Q2 25 | $3.1B | $127.8M | ||
| Q1 25 | $2.3B | $133.4M | ||
| Q4 24 | $2.5B | $213.5M | ||
| Q3 24 | $3.7B | $156.7M | ||
| Q2 24 | $2.7B | $156.2M | ||
| Q1 24 | $2.1B | $128.3M |
净利润ABNBHBB
| Q4 25 | $341.0M | $18.5M | ||
| Q3 25 | $1.4B | $1.7M | ||
| Q2 25 | $642.0M | $4.5M | ||
| Q1 25 | $154.0M | $1.8M | ||
| Q4 24 | $461.0M | $24.0M | ||
| Q3 24 | $1.4B | $1.9M | ||
| Q2 24 | $555.0M | $6.0M | ||
| Q1 24 | $264.0M | $-1.2M |
毛利率ABNBHBB
| Q4 25 | 82.5% | 28.3% | ||
| Q3 25 | 86.6% | 21.1% | ||
| Q2 25 | 82.4% | 27.5% | ||
| Q1 25 | 77.7% | 24.6% | ||
| Q4 24 | 82.8% | 26.1% | ||
| Q3 24 | 87.5% | 28.0% | ||
| Q2 24 | 81.6% | 25.9% | ||
| Q1 24 | 77.6% | 23.4% |
营业利润率ABNBHBB
| Q4 25 | 9.7% | 11.9% | ||
| Q3 25 | 39.7% | 2.2% | ||
| Q2 25 | 19.8% | 4.7% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 17.3% | 11.0% | ||
| Q3 24 | 40.9% | 6.8% | ||
| Q2 24 | 18.1% | 6.4% | ||
| Q1 24 | 4.7% | -0.7% |
净利率ABNBHBB
| Q4 25 | 12.3% | 8.7% | ||
| Q3 25 | 33.6% | 1.2% | ||
| Q2 25 | 20.7% | 3.5% | ||
| Q1 25 | 6.8% | 1.4% | ||
| Q4 24 | 18.6% | 11.2% | ||
| Q3 24 | 36.7% | 1.2% | ||
| Q2 24 | 20.2% | 3.8% | ||
| Q1 24 | 12.3% | -0.9% |
每股收益（稀释后）ABNBHBB
| Q4 25 | — | $1.37 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $1.72 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.42 | ||
| Q1 24 | — | $-0.08 |
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 | $47.3M |
| 总债务越低越好 | — | $50.0M |
| 股东权益账面价值 | $8.2B | $182.8M |
| 总资产 | $22.2B | $397.6M |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ABNBHBB
| Q4 25 | $11.0B | $47.3M | ||
| Q3 25 | $11.7B | $17.2M | ||
| Q2 25 | $11.4B | $11.3M | ||
| Q1 25 | $11.5B | $48.3M | ||
| Q4 24 | $10.6B | $45.6M | ||
| Q3 24 | $11.3B | $22.6M | ||
| Q2 24 | $11.3B | $37.2M | ||
| Q1 24 | $11.1B | $26.3M |
总债务ABNBHBB
| Q4 25 | — | $50.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBHBB
| Q4 25 | $8.2B | $182.8M | ||
| Q3 25 | $8.6B | $164.0M | ||
| Q2 25 | $7.8B | $164.0M | ||
| Q1 25 | $7.9B | $163.2M | ||
| Q4 24 | $8.4B | $165.9M | ||
| Q3 24 | $8.5B | $150.0M | ||
| Q2 24 | $8.0B | $145.7M | ||
| Q1 24 | $7.9B | $145.4M |
总资产ABNBHBB
| Q4 25 | $22.2B | $397.6M | ||
| Q3 25 | $23.1B | $392.4M | ||
| Q2 25 | $27.0B | $363.8M | ||
| Q1 25 | $25.1B | $418.0M | ||
| Q4 24 | $21.0B | $415.1M | ||
| Q3 24 | $22.2B | $408.7M | ||
| Q2 24 | $26.3B | $369.9M | ||
| Q1 24 | $24.5B | $368.9M |
负债/权益比ABNBHBB
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $28.5M |
| 自由现金流经营现金流 - 资本支出 | — | $27.9M |
| 自由现金流率自由现金流/营收 | — | 13.1% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $11.0M |
8季度趋势，按日历期对齐
经营现金流ABNBHBB
| Q4 25 | $526.0M | $28.5M | ||
| Q3 25 | $1.4B | $9.1M | ||
| Q2 25 | $975.0M | $-30.4M | ||
| Q1 25 | $1.8B | $6.6M | ||
| Q4 24 | $466.0M | $30.2M | ||
| Q3 24 | $1.1B | $-1.9M | ||
| Q2 24 | $1.1B | $17.4M | ||
| Q1 24 | $1.9B | $19.7M |
自由现金流ABNBHBB
| Q4 25 | — | $27.9M | ||
| Q3 25 | — | $8.4M | ||
| Q2 25 | — | $-31.3M | ||
| Q1 25 | — | $6.1M | ||
| Q4 24 | — | $29.4M | ||
| Q3 24 | — | $-2.7M | ||
| Q2 24 | — | $16.8M | ||
| Q1 24 | — | $18.8M |
自由现金流率ABNBHBB
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | -24.5% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 14.6% |
资本支出强度ABNBHBB
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBHBB
| Q4 25 | 1.54× | 1.53× | ||
| Q3 25 | 0.99× | 5.52× | ||
| Q2 25 | 1.52× | -6.83× | ||
| Q1 25 | 11.62× | 3.67× | ||
| Q4 24 | 1.01× | 1.26× | ||
| Q3 24 | 0.79× | -0.98× | ||
| Q2 24 | 1.89× | 2.90× | ||
| 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% |
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
