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爱彼迎（ABNB）与KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的4.1倍（$2.8B vs $676.8M）。爱彼迎净利率更高（12.3% vs 0.7%，领先11.6%）。爱彼迎同比增速更快（12.0% vs 0.8%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 0.4%）
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。
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
ABNB vs KLC — 直观对比
营收规模更大
ABNB
是对方的4.1倍
$676.8M
营收增速更快
ABNB
高出11.2%
0.8%
净利率更高
ABNB
高出11.6%
0.7%
两年增速更快
ABNB
近两年复合增速
0.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $676.8M |
| 净利润 | $341.0M | $4.5M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 3.9% |
| 净利率 | 12.3% | 0.7% |
| 营收同比 | 12.0% | 0.8% |
| 净利润同比 | -26.0% | -67.4% |
| 每股收益（稀释后） | — | $0.04 |
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ABNBKLC
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $676.8M | ||
| Q2 25 | $3.1B | $700.1M | ||
| Q1 25 | $2.3B | $668.2M | ||
| Q4 24 | $2.5B | $647.0M | ||
| Q3 24 | $3.7B | $671.5M | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.1B | — |
净利润ABNBKLC
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $4.5M | ||
| Q2 25 | $642.0M | $38.6M | ||
| Q1 25 | $154.0M | $21.2M | ||
| Q4 24 | $461.0M | $-133.6M | ||
| Q3 24 | $1.4B | $14.0M | ||
| Q2 24 | $555.0M | — | ||
| Q1 24 | $264.0M | — |
毛利率ABNBKLC
| 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% | — | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBKLC
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 3.9% | ||
| Q2 25 | 19.8% | 9.8% | ||
| Q1 25 | 1.7% | 7.3% | ||
| Q4 24 | 17.3% | -13.8% | ||
| Q3 24 | 40.9% | 8.1% | ||
| Q2 24 | 18.1% | — | ||
| Q1 24 | 4.7% | — |
净利率ABNBKLC
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 0.7% | ||
| Q2 25 | 20.7% | 5.5% | ||
| Q1 25 | 6.8% | 3.2% | ||
| Q4 24 | 18.6% | -20.6% | ||
| Q3 24 | 36.7% | 2.1% | ||
| Q2 24 | 20.2% | — | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $0.33 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $174.7M |
| 总债务越低越好 | — | $930.9M |
| 股东权益账面价值 | $8.2B | $931.2M |
| 总资产 | $22.2B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 1.00× |
8季度趋势，按日历期对齐
现金及短期投资ABNBKLC
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | $174.7M | ||
| Q2 25 | $11.4B | $119.0M | ||
| Q1 25 | $11.5B | $131.3M | ||
| Q4 24 | $10.6B | $62.3M | ||
| Q3 24 | $11.3B | $137.2M | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.1B | — |
总债务ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | $930.9M | ||
| Q2 25 | — | $926.5M | ||
| Q1 25 | — | $927.4M | ||
| Q4 24 | — | $926.0M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBKLC
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $931.2M | ||
| Q2 25 | $7.8B | $924.3M | ||
| Q1 25 | $7.9B | $884.9M | ||
| Q4 24 | $8.4B | $864.5M | ||
| Q3 24 | $8.5B | $235.6M | ||
| Q2 24 | $8.0B | — | ||
| Q1 24 | $7.9B | — |
总资产ABNBKLC
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $3.9B | ||
| Q2 25 | $27.0B | $3.8B | ||
| Q1 25 | $25.1B | $3.7B | ||
| Q4 24 | $21.0B | $3.6B | ||
| Q3 24 | $22.2B | $3.7B | ||
| Q2 24 | $26.3B | — | ||
| Q1 24 | $24.5B | — |
负债/权益比ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 6.42× | ||
| 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 | $100.8M |
| 自由现金流经营现金流 - 资本支出 | — | $62.6M |
| 自由现金流率自由现金流/营收 | — | 9.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | 1.54× | 22.15× |
| 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ABNBKLC
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $100.8M | ||
| Q2 25 | $975.0M | — | ||
| Q1 25 | $1.8B | $98.4M | ||
| Q4 24 | $466.0M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | $62.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $75.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ABNBKLC
| Q4 25 | — | — | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ABNBKLC
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 22.15× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | 4.65× | ||
| 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% |
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
