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爱彼迎（ABNB）与HAVERTY FURNITURE COMPANIES INC（HVT）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HAVERTY FURNITURE COMPANIES INC的13.8倍（$2.8B vs $201.9M）。爱彼迎净利率更高（12.3% vs 4.2%，领先8.0%）。爱彼迎同比增速更快（12.0% vs 9.5%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 4.8%）
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。
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
ABNB vs HVT — 直观对比
营收规模更大
ABNB
是对方的13.8倍
$201.9M
营收增速更快
ABNB
高出2.5%
9.5%
净利率更高
ABNB
高出8.0%
4.2%
两年增速更快
ABNB
近两年复合增速
4.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $201.9M |
| 净利润 | $341.0M | $8.5M |
| 毛利率 | 82.5% | 60.4% |
| 营业利润率 | 9.7% | 5.3% |
| 净利率 | 12.3% | 4.2% |
| 营收同比 | 12.0% | 9.5% |
| 净利润同比 | -26.0% | 4.1% |
| 每股收益（稀释后） | — | — |
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ABNBHVT
| Q4 25 | $2.8B | $201.9M | ||
| Q3 25 | $4.1B | $194.5M | ||
| Q2 25 | $3.1B | $181.0M | ||
| Q1 25 | $2.3B | $181.6M | ||
| Q4 24 | $2.5B | $184.4M | ||
| Q3 24 | $3.7B | $175.9M | ||
| Q2 24 | $2.7B | $178.6M | ||
| Q1 24 | $2.1B | $184.0M |
净利润ABNBHVT
| Q4 25 | $341.0M | $8.5M | ||
| Q3 25 | $1.4B | $4.7M | ||
| Q2 25 | $642.0M | $2.7M | ||
| Q1 25 | $154.0M | $3.8M | ||
| Q4 24 | $461.0M | $8.2M | ||
| Q3 24 | $1.4B | $4.9M | ||
| Q2 24 | $555.0M | $4.4M | ||
| Q1 24 | $264.0M | $2.4M |
毛利率ABNBHVT
| Q4 25 | 82.5% | 60.4% | ||
| Q3 25 | 86.6% | 60.3% | ||
| Q2 25 | 82.4% | 60.8% | ||
| Q1 25 | 77.7% | 61.2% | ||
| Q4 24 | 82.8% | 61.9% | ||
| Q3 24 | 87.5% | 60.2% | ||
| Q2 24 | 81.6% | 60.4% | ||
| Q1 24 | 77.6% | 60.3% |
营业利润率ABNBHVT
| Q4 25 | 9.7% | 5.3% | ||
| Q3 25 | 39.7% | 3.3% | ||
| Q2 25 | 19.8% | 2.4% | ||
| Q1 25 | 1.7% | 2.9% | ||
| Q4 24 | 17.3% | 5.2% | ||
| Q3 24 | 40.9% | 3.9% | ||
| Q2 24 | 18.1% | 3.6% | ||
| Q1 24 | 4.7% | 1.7% |
净利率ABNBHVT
| Q4 25 | 12.3% | 4.2% | ||
| Q3 25 | 33.6% | 2.4% | ||
| Q2 25 | 20.7% | 1.5% | ||
| Q1 25 | 6.8% | 2.1% | ||
| Q4 24 | 18.6% | 4.4% | ||
| Q3 24 | 36.7% | 2.8% | ||
| Q2 24 | 20.2% | 2.5% | ||
| Q1 24 | 12.3% | 1.3% |
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 | $125.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $307.9M |
| 总资产 | $22.2B | $649.1M |
| 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ABNBHVT
| Q4 25 | $11.0B | $125.3M | ||
| Q3 25 | $11.7B | $130.5M | ||
| Q2 25 | $11.4B | $107.4M | ||
| Q1 25 | $11.5B | $111.9M | ||
| Q4 24 | $10.6B | $120.0M | ||
| Q3 24 | $11.3B | $121.2M | ||
| Q2 24 | $11.3B | $109.9M | ||
| Q1 24 | $11.1B | $111.8M |
股东权益ABNBHVT
| Q4 25 | $8.2B | $307.9M | ||
| Q3 25 | $8.6B | $306.0M | ||
| Q2 25 | $7.8B | $304.9M | ||
| Q1 25 | $7.9B | $305.4M | ||
| Q4 24 | $8.4B | $307.6M | ||
| Q3 24 | $8.5B | $307.8M | ||
| Q2 24 | $8.0B | $307.1M | ||
| Q1 24 | $7.9B | $306.7M |
总资产ABNBHVT
| Q4 25 | $22.2B | $649.1M | ||
| Q3 25 | $23.1B | $651.7M | ||
| Q2 25 | $27.0B | $642.7M | ||
| Q1 25 | $25.1B | $642.7M | ||
| Q4 24 | $21.0B | $648.7M | ||
| Q3 24 | $22.2B | $659.3M | ||
| Q2 24 | $26.3B | $642.1M | ||
| Q1 24 | $24.5B | $640.5M |
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 | $7.4M |
| 自由现金流经营现金流 - 资本支出 | — | $3.0M |
| 自由现金流率自由现金流/营收 | — | 1.5% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.86× |
| 过去12个月自由现金流最近4个季度 | — | $33.0M |
8季度趋势，按日历期对齐
经营现金流ABNBHVT
| Q4 25 | $526.0M | $7.4M | ||
| Q3 25 | $1.4B | $31.9M | ||
| Q2 25 | $975.0M | $7.2M | ||
| Q1 25 | $1.8B | $6.2M | ||
| Q4 24 | $466.0M | $16.9M | ||
| Q3 24 | $1.1B | $24.4M | ||
| Q2 24 | $1.1B | $14.4M | ||
| Q1 24 | $1.9B | $3.1M |
自由现金流ABNBHVT
| Q4 25 | — | $3.0M | ||
| Q3 25 | — | $28.3M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $27.0K | ||
| Q4 24 | — | $9.1M | ||
| Q3 24 | — | $16.1M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $-3.3M |
自由现金流率ABNBHVT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | -1.8% |
资本支出强度ABNBHVT
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | — | 3.5% |
现金转化率ABNBHVT
| Q4 25 | 1.54× | 0.86× | ||
| Q3 25 | 0.99× | 6.75× | ||
| Q2 25 | 1.52× | 2.69× | ||
| Q1 25 | 11.62× | 1.63× | ||
| Q4 24 | 1.01× | 2.06× | ||
| Q3 24 | 0.79× | 4.96× | ||
| Q2 24 | 1.89× | 3.25× | ||
| Q1 24 | 7.28× | 1.31× |
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% |
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
