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爱彼迎（ABNB）与Lyft, Inc.（LYFT）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Lyft, Inc.的1.9倍（$2.8B vs $1.5B），Lyft, Inc.净利率更高（183.9% vs 12.3%，领先171.7%），爱彼迎同比增速更快（12.0% vs 3.6%），过去两年爱彼迎的营收复合增速更高（13.9% vs 11.3%）
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。
Lyft是美国仅次于优步的第二大网约车企业，在美国、加拿大提供网约车、电动滑板车及共享单车服务，还通过Free Now应用覆盖欧洲市场，目前拥有2500万活跃乘客，日均完成900万次出行订单。
ABNB vs LYFT — 直观对比
营收规模更大
ABNB
是对方的1.9倍
$1.5B
营收增速更快
ABNB
高出8.4%
3.6%
净利率更高
LYFT
高出171.7%
12.3%
两年增速更快
ABNB
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.5B |
| 净利润 | $341.0M | $2.8B |
| 毛利率 | 82.5% | 35.1% |
| 营业利润率 | 9.7% | -12.4% |
| 净利率 | 12.3% | 183.9% |
| 营收同比 | 12.0% | 3.6% |
| 净利润同比 | -26.0% | 4363.0% |
| 每股收益（稀释后） | — | $6.59 |
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ABNBLYFT
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $2.7B | $1.3B | ||
| Q1 24 | $2.1B | $1.2B |
净利润ABNBLYFT
| Q4 25 | $341.0M | $2.8B | ||
| Q3 25 | $1.4B | $46.1M | ||
| Q2 25 | $642.0M | $40.3M | ||
| Q1 25 | $154.0M | $2.6M | ||
| Q4 24 | $461.0M | $61.7M | ||
| Q3 24 | $1.4B | $-12.4M | ||
| Q2 24 | $555.0M | $5.0M | ||
| Q1 24 | $264.0M | $-31.5M |
毛利率ABNBLYFT
| Q4 25 | 82.5% | 35.1% | ||
| Q3 25 | 86.6% | 40.0% | ||
| Q2 25 | 82.4% | 36.7% | ||
| Q1 25 | 77.7% | 37.2% | ||
| Q4 24 | 82.8% | 39.5% | ||
| Q3 24 | 87.5% | 36.0% | ||
| Q2 24 | 81.6% | 38.0% | ||
| Q1 24 | 77.6% | 37.6% |
营业利润率ABNBLYFT
| Q4 25 | 9.7% | -12.4% | ||
| Q3 25 | 39.7% | 1.5% | ||
| Q2 25 | 19.8% | 0.2% | ||
| Q1 25 | 1.7% | -2.1% | ||
| Q4 24 | 17.3% | 1.9% | ||
| Q3 24 | 40.9% | -4.1% | ||
| Q2 24 | 18.1% | -2.1% | ||
| Q1 24 | 4.7% | -5.2% |
净利率ABNBLYFT
| Q4 25 | 12.3% | 183.9% | ||
| Q3 25 | 33.6% | 3.0% | ||
| Q2 25 | 20.7% | 2.7% | ||
| Q1 25 | 6.8% | 0.2% | ||
| Q4 24 | 18.6% | 4.3% | ||
| Q3 24 | 36.7% | -0.9% | ||
| Q2 24 | 20.2% | 0.4% | ||
| Q1 24 | 12.3% | -2.6% |
每股收益（稀释后）ABNBLYFT
| Q4 25 | — | $6.59 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $-0.03 | ||
| Q2 24 | — | $0.01 | ||
| 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 | $1.8B |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $8.2B | $3.3B |
| 总资产 | $22.2B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资ABNBLYFT
| Q4 25 | $11.0B | $1.8B | ||
| Q3 25 | $11.7B | $2.0B | ||
| Q2 25 | $11.4B | $1.8B | ||
| Q1 25 | $11.5B | $2.2B | ||
| Q4 24 | $10.6B | $2.0B | ||
| Q3 24 | $11.3B | $1.9B | ||
| Q2 24 | $11.3B | $1.8B | ||
| Q1 24 | $11.1B | $1.7B |
总债务ABNBLYFT
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $573.2M | ||
| Q1 25 | — | $979.9M | ||
| Q4 24 | — | $995.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $971.5M |
股东权益ABNBLYFT
| Q4 25 | $8.2B | $3.3B | ||
| Q3 25 | $8.6B | $573.0M | ||
| Q2 25 | $7.8B | $732.7M | ||
| Q1 25 | $7.9B | $838.1M | ||
| Q4 24 | $8.4B | $767.0M | ||
| Q3 24 | $8.5B | $655.8M | ||
| Q2 24 | $8.0B | $577.6M | ||
| Q1 24 | $7.9B | $491.3M |
总资产ABNBLYFT
| Q4 25 | $22.2B | $9.0B | ||
| Q3 25 | $23.1B | $5.9B | ||
| Q2 25 | $27.0B | $5.4B | ||
| Q1 25 | $25.1B | $5.7B | ||
| Q4 24 | $21.0B | $5.4B | ||
| Q3 24 | $22.2B | $5.3B | ||
| Q2 24 | $26.3B | $5.0B | ||
| Q1 24 | $24.5B | $4.8B |
负债/权益比ABNBLYFT
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 1.85× | ||
| Q2 25 | — | 0.78× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.74× | ||
| Q1 24 | — | 1.98× |
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 | $246.2M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 1.54× | 0.09× |
| 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ABNBLYFT
| Q4 25 | $526.0M | $246.2M | ||
| Q3 25 | $1.4B | $291.3M | ||
| Q2 25 | $975.0M | $343.7M | ||
| Q1 25 | $1.8B | $287.2M | ||
| Q4 24 | $466.0M | $153.4M | ||
| Q3 24 | $1.1B | $264.0M | ||
| Q2 24 | $1.1B | $276.2M | ||
| Q1 24 | $1.9B | $156.2M |
现金转化率ABNBLYFT
| Q4 25 | 1.54× | 0.09× | ||
| Q3 25 | 0.99× | 6.32× | ||
| Q2 25 | 1.52× | 8.53× | ||
| Q1 25 | 11.62× | 111.89× | ||
| Q4 24 | 1.01× | 2.48× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 55.09× | ||
| 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% |
LYFT
暂无分部数据
