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爱彼迎（ABNB）与Kontoor Brands, Inc.（KTB）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Kontoor Brands, Inc.的3.3倍（$2.8B vs $853.2M）。爱彼迎净利率更高（12.3% vs 4.3%，领先7.9%）。Kontoor Brands, Inc.同比增速更快（27.3% vs 12.0%）。过去两年Kontoor Brands, Inc.的营收复合增速更高（14.2% 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。
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
ABNB vs KTB — 直观对比
营收规模更大
ABNB
是对方的3.3倍
$853.2M
营收增速更快
KTB
高出15.3%
12.0%
净利率更高
ABNB
高出7.9%
4.3%
两年增速更快
KTB
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $853.2M |
| 净利润 | $341.0M | $36.9M |
| 毛利率 | 82.5% | 41.3% |
| 营业利润率 | 9.7% | 7.5% |
| 净利率 | 12.3% | 4.3% |
| 营收同比 | 12.0% | 27.3% |
| 净利润同比 | -26.0% | -47.6% |
| 每股收益（稀释后） | — | $0.66 |
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ABNBKTB
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $853.2M | ||
| Q2 25 | $3.1B | $658.3M | ||
| Q1 25 | $2.3B | $622.9M | ||
| Q4 24 | $2.5B | $699.3M | ||
| Q3 24 | $3.7B | $670.2M | ||
| Q2 24 | $2.7B | $606.9M | ||
| Q1 24 | $2.1B | $631.2M |
净利润ABNBKTB
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $36.9M | ||
| Q2 25 | $642.0M | $73.9M | ||
| Q1 25 | $154.0M | $42.9M | ||
| Q4 24 | $461.0M | $64.0M | ||
| Q3 24 | $1.4B | $70.5M | ||
| Q2 24 | $555.0M | $51.8M | ||
| Q1 24 | $264.0M | $59.5M |
毛利率ABNBKTB
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | 41.3% | ||
| Q2 25 | 82.4% | 46.3% | ||
| Q1 25 | 77.7% | 47.5% | ||
| Q4 24 | 82.8% | 43.7% | ||
| Q3 24 | 87.5% | 44.7% | ||
| Q2 24 | 81.6% | 44.7% | ||
| Q1 24 | 77.6% | 45.2% |
营业利润率ABNBKTB
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 7.5% | ||
| Q2 25 | 19.8% | 11.9% | ||
| Q1 25 | 1.7% | 11.8% | ||
| Q4 24 | 17.3% | 12.1% | ||
| Q3 24 | 40.9% | 14.7% | ||
| Q2 24 | 18.1% | 12.4% | ||
| Q1 24 | 4.7% | 13.4% |
净利率ABNBKTB
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 4.3% | ||
| Q2 25 | 20.7% | 11.2% | ||
| Q1 25 | 6.8% | 6.9% | ||
| Q4 24 | 18.6% | 9.1% | ||
| Q3 24 | 36.7% | 10.5% | ||
| Q2 24 | 20.2% | 8.5% | ||
| Q1 24 | 12.3% | 9.4% |
每股收益（稀释后）ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | $0.66 | ||
| Q2 25 | — | $1.32 | ||
| Q1 25 | — | $0.76 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | — | $1.26 | ||
| Q2 24 | — | $0.92 | ||
| Q1 24 | — | $1.05 |
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 | $82.4M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $8.2B | $529.6M |
| 总资产 | $22.2B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资ABNBKTB
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | $82.4M | ||
| Q2 25 | $11.4B | $107.5M | ||
| Q1 25 | $11.5B | $356.7M | ||
| Q4 24 | $10.6B | $334.1M | ||
| Q3 24 | $11.3B | $269.4M | ||
| Q2 24 | $11.3B | $224.3M | ||
| Q1 24 | $11.1B | $215.1M |
总债务ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $735.6M | ||
| Q4 24 | — | $740.3M | ||
| Q3 24 | — | $745.0M | ||
| Q2 24 | — | $749.7M | ||
| Q1 24 | — | $779.2M |
股东权益ABNBKTB
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $529.6M | ||
| Q2 25 | $7.8B | $498.3M | ||
| Q1 25 | $7.9B | $426.7M | ||
| Q4 24 | $8.4B | $400.1M | ||
| Q3 24 | $8.5B | $356.9M | ||
| Q2 24 | $8.0B | $367.2M | ||
| Q1 24 | $7.9B | $387.2M |
总资产ABNBKTB
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $2.9B | ||
| Q2 25 | $27.0B | $2.7B | ||
| Q1 25 | $25.1B | $1.7B | ||
| Q4 24 | $21.0B | $1.7B | ||
| Q3 24 | $22.2B | $1.7B | ||
| Q2 24 | $26.3B | $1.6B | ||
| Q1 24 | $24.5B | $1.7B |
负债/权益比ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 1.72× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 2.09× | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | — | 2.01× |
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 | $64.1M |
| 自由现金流经营现金流 - 资本支出 | — | $55.8M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.74× |
| 过去12个月自由现金流最近4个季度 | — | $228.0M |
8季度趋势，按日历期对齐
经营现金流ABNBKTB
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $64.1M | ||
| Q2 25 | $975.0M | $25.7M | ||
| Q1 25 | $1.8B | $77.6M | ||
| Q4 24 | $466.0M | $82.0M | ||
| Q3 24 | $1.1B | $133.6M | ||
| Q2 24 | $1.1B | $96.2M | ||
| Q1 24 | $1.9B | $56.5M |
自由现金流ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | $55.8M | ||
| Q2 25 | — | $22.4M | ||
| Q1 25 | — | $74.9M | ||
| Q4 24 | — | $75.0M | ||
| Q3 24 | — | $129.9M | ||
| Q2 24 | — | $92.6M | ||
| Q1 24 | — | $52.0M |
自由现金流率ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 12.0% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 8.2% |
资本支出强度ABNBKTB
| Q4 25 | — | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBKTB
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 1.74× | ||
| Q2 25 | 1.52× | 0.35× | ||
| Q1 25 | 11.62× | 1.81× | ||
| Q4 24 | 1.01× | 1.28× | ||
| Q3 24 | 0.79× | 1.89× | ||
| Q2 24 | 1.89× | 1.86× | ||
| Q1 24 | 7.28× | 0.95× |
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% |
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
