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爱彼迎（ABNB）与金德摩根（KMI）财务数据对比。点击上方公司名可切换其他公司
金德摩根的季度营收约是爱彼迎的1.7倍（$4.8B vs $2.8B），金德摩根净利率更高（20.7% vs 12.3%，领先8.5%），金德摩根同比增速更快（13.8% vs 12.0%），过去两年金德摩根的营收复合增速更高（22.6% 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。
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
ABNB vs KMI — 直观对比
营收规模更大
KMI
是对方的1.7倍
$2.8B
营收增速更快
KMI
高出1.8%
12.0%
净利率更高
KMI
高出8.5%
12.3%
两年增速更快
KMI
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.8B |
| 净利润 | $341.0M | $1.0B |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 29.9% |
| 净利率 | 12.3% | 20.7% |
| 营收同比 | 12.0% | 13.8% |
| 净利润同比 | -26.0% | 34.7% |
| 每股收益（稀释后） | — | $0.44 |
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ABNBKMI
| Q1 26 | — | $4.8B | ||
| Q4 25 | $2.8B | $4.0B | ||
| Q3 25 | $4.1B | $3.7B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $2.3B | $3.9B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $3.7B | $3.3B | ||
| Q2 24 | $2.7B | $3.2B |
净利润ABNBKMI
| Q1 26 | — | $1.0B | ||
| Q4 25 | $341.0M | $996.0M | ||
| Q3 25 | $1.4B | $628.0M | ||
| Q2 25 | $642.0M | $715.0M | ||
| Q1 25 | $154.0M | $717.0M | ||
| Q4 24 | $461.0M | $667.0M | ||
| Q3 24 | $1.4B | $625.0M | ||
| Q2 24 | $555.0M | $575.0M |
毛利率ABNBKMI
| 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ABNBKMI
| Q1 26 | — | 29.9% | ||
| Q4 25 | 9.7% | 34.0% | ||
| Q3 25 | 39.7% | 28.6% | ||
| Q2 25 | 19.8% | 31.9% | ||
| Q1 25 | 1.7% | 29.6% | ||
| Q4 24 | 17.3% | 31.0% | ||
| Q3 24 | 40.9% | 30.9% | ||
| Q2 24 | 18.1% | 32.3% |
净利率ABNBKMI
| Q1 26 | — | 20.7% | ||
| Q4 25 | 12.3% | 24.8% | ||
| Q3 25 | 33.6% | 16.9% | ||
| Q2 25 | 20.7% | 19.8% | ||
| Q1 25 | 6.8% | 18.6% | ||
| Q4 24 | 18.6% | 18.7% | ||
| Q3 24 | 36.7% | 19.0% | ||
| Q2 24 | 20.2% | 17.9% |
每股收益（稀释后）ABNBKMI
| Q1 26 | — | $0.44 | ||
| Q4 25 | — | $0.45 | ||
| Q3 25 | — | $0.28 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.32 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.26 |
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 | $72.0M |
| 总债务越低越好 | — | $31.9B |
| 股东权益账面价值 | $8.2B | $32.6B |
| 总资产 | $22.2B | $73.1B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资ABNBKMI
| Q1 26 | — | $72.0M | ||
| Q4 25 | $11.0B | $63.0M | ||
| Q3 25 | $11.7B | $71.0M | ||
| Q2 25 | $11.4B | $82.0M | ||
| Q1 25 | $11.5B | $80.0M | ||
| Q4 24 | $10.6B | $88.0M | ||
| Q3 24 | $11.3B | $108.0M | ||
| Q2 24 | $11.3B | $98.0M |
总债务ABNBKMI
| Q1 26 | — | $31.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ABNBKMI
| Q1 26 | — | $32.6B | ||
| Q4 25 | $8.2B | $31.2B | ||
| Q3 25 | $8.6B | $30.7B | ||
| Q2 25 | $7.8B | $30.8B | ||
| Q1 25 | $7.9B | $30.6B | ||
| Q4 24 | $8.4B | $30.5B | ||
| Q3 24 | $8.5B | $30.4B | ||
| Q2 24 | $8.0B | $30.3B |
总资产ABNBKMI
| Q1 26 | — | $73.1B | ||
| Q4 25 | $22.2B | $72.7B | ||
| Q3 25 | $23.1B | $72.3B | ||
| Q2 25 | $27.0B | $72.4B | ||
| Q1 25 | $25.1B | $72.3B | ||
| Q4 24 | $21.0B | $71.4B | ||
| Q3 24 | $22.2B | $70.9B | ||
| Q2 24 | $26.3B | $70.7B |
负债/权益比ABNBKMI
| Q1 26 | — | 0.98× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | — | 16.7% |
| 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ABNBKMI
| Q1 26 | — | — | ||
| Q4 25 | $526.0M | $1.7B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $975.0M | $1.6B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $466.0M | $1.5B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.7B |
自由现金流ABNBKMI
| Q1 26 | — | — | ||
| Q4 25 | — | $872.0M | ||
| Q3 25 | — | $621.0M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $396.0M | ||
| Q4 24 | — | $738.0M | ||
| Q3 24 | — | $592.0M | ||
| Q2 24 | — | $1.1B |
自由现金流率ABNBKMI
| Q1 26 | — | — | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | — | 27.8% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 34.4% |
资本支出强度ABNBKMI
| Q1 26 | — | 16.7% | ||
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 18.1% |
现金转化率ABNBKMI
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 1.70× | ||
| Q3 25 | 0.99× | 2.25× | ||
| Q2 25 | 1.52× | 2.31× | ||
| Q1 25 | 11.62× | 1.62× | ||
| Q4 24 | 1.01× | 2.26× | ||
| Q3 24 | 0.79× | 2.00× | ||
| Q2 24 | 1.89× | 2.93× |
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% |
KMI
暂无分部数据
