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爱彼迎（ABNB）与摩凡陀集团（MOV）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摩凡陀集团的14.9倍（$2.8B vs $186.1M）。爱彼迎净利率更高（12.3% vs 5.1%，领先7.1%）。爱彼迎同比增速更快（12.0% vs 1.9%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 2.9%）
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。
摩凡陀集团是源自瑞士的美国奢侈钟表品牌，创始于1881年，品牌名取自世界语，原意为“律动”。摩凡陀腕表以12点钟位置标志性的金属圆点设计与极简风格著称，其中博物馆腕表更是品牌最广为人知的经典代表作。
ABNB vs MOV — 直观对比
营收规模更大
ABNB
是对方的14.9倍
$186.1M
营收增速更快
ABNB
高出10.2%
1.9%
净利率更高
ABNB
高出7.1%
5.1%
两年增速更快
ABNB
近两年复合增速
2.9%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $186.1M |
| 净利润 | $341.0M | $9.6M |
| 毛利率 | 82.5% | 54.3% |
| 营业利润率 | 9.7% | 6.3% |
| 净利率 | 12.3% | 5.1% |
| 营收同比 | 12.0% | 1.9% |
| 净利润同比 | -26.0% | 89.8% |
| 每股收益（稀释后） | — | $0.42 |
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ABNBMOV
| Q4 25 | $2.8B | $186.1M | ||
| Q3 25 | $4.1B | $161.8M | ||
| Q2 25 | $3.1B | $131.8M | ||
| Q1 25 | $2.3B | $181.5M | ||
| Q4 24 | $2.5B | $180.5M | ||
| Q3 24 | $3.7B | $157.0M | ||
| Q2 24 | $2.7B | $134.4M | ||
| Q1 24 | $2.1B | $175.8M |
净利润ABNBMOV
| Q4 25 | $341.0M | $9.6M | ||
| Q3 25 | $1.4B | $3.0M | ||
| Q2 25 | $642.0M | $1.4M | ||
| Q1 25 | $154.0M | $8.1M | ||
| Q4 24 | $461.0M | $4.8M | ||
| Q3 24 | $1.4B | $3.5M | ||
| Q2 24 | $555.0M | $2.0M | ||
| Q1 24 | $264.0M | $9.8M |
毛利率ABNBMOV
| Q4 25 | 82.5% | 54.3% | ||
| Q3 25 | 86.6% | 54.1% | ||
| Q2 25 | 82.4% | 54.1% | ||
| Q1 25 | 77.7% | 54.2% | ||
| Q4 24 | 82.8% | 53.5% | ||
| Q3 24 | 87.5% | 54.3% | ||
| Q2 24 | 81.6% | 54.3% | ||
| Q1 24 | 77.6% | 53.5% |
营业利润率ABNBMOV
| Q4 25 | 9.7% | 6.3% | ||
| Q3 25 | 39.7% | 2.5% | ||
| Q2 25 | 19.8% | 0.2% | ||
| Q1 25 | 1.7% | 5.1% | ||
| Q4 24 | 17.3% | 3.3% | ||
| Q3 24 | 40.9% | 1.7% | ||
| Q2 24 | 18.1% | 1.6% | ||
| Q1 24 | 4.7% | 6.1% |
净利率ABNBMOV
| Q4 25 | 12.3% | 5.1% | ||
| Q3 25 | 33.6% | 1.8% | ||
| Q2 25 | 20.7% | 1.1% | ||
| Q1 25 | 6.8% | 4.4% | ||
| Q4 24 | 18.6% | 2.7% | ||
| Q3 24 | 36.7% | 2.2% | ||
| Q2 24 | 20.2% | 1.5% | ||
| Q1 24 | 12.3% | 5.6% |
每股收益（稀释后）ABNBMOV
| Q4 25 | — | $0.42 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.44 |
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 | $183.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $497.5M |
| 总资产 | $22.2B | $751.9M |
| 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ABNBMOV
| Q4 25 | $11.0B | $183.9M | ||
| Q3 25 | $11.7B | $180.5M | ||
| Q2 25 | $11.4B | $203.1M | ||
| Q1 25 | $11.5B | $208.5M | ||
| Q4 24 | $10.6B | $181.5M | ||
| Q3 24 | $11.3B | $198.3M | ||
| Q2 24 | $11.3B | $225.4M | ||
| Q1 24 | $11.1B | $262.1M |
股东权益ABNBMOV
| Q4 25 | $8.2B | $497.5M | ||
| Q3 25 | $8.6B | $489.9M | ||
| Q2 25 | $7.8B | $493.2M | ||
| Q1 25 | $7.9B | $481.3M | ||
| Q4 24 | $8.4B | $491.3M | ||
| Q3 24 | $8.5B | $492.0M | ||
| Q2 24 | $8.0B | $489.6M | ||
| Q1 24 | $7.9B | $505.9M |
总资产ABNBMOV
| Q4 25 | $22.2B | $751.9M | ||
| Q3 25 | $23.1B | $748.7M | ||
| Q2 25 | $27.0B | $747.2M | ||
| Q1 25 | $25.1B | $729.2M | ||
| Q4 24 | $21.0B | $747.2M | ||
| Q3 24 | $22.2B | $742.5M | ||
| Q2 24 | $26.3B | $736.0M | ||
| Q1 24 | $24.5B | $756.5M |
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 | $12.3M |
| 自由现金流经营现金流 - 资本支出 | — | $11.6M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.28× |
| 过去12个月自由现金流最近4个季度 | — | $35.3M |
8季度趋势，按日历期对齐
经营现金流ABNBMOV
| Q4 25 | $526.0M | $12.3M | ||
| Q3 25 | $1.4B | $-3.8M | ||
| Q2 25 | $975.0M | $-7.2M | ||
| Q1 25 | $1.8B | $39.1M | ||
| Q4 24 | $466.0M | $-4.7M | ||
| Q3 24 | $1.1B | $-17.8M | ||
| Q2 24 | $1.1B | $-18.1M | ||
| Q1 24 | $1.9B | $69.4M |
自由现金流ABNBMOV
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | — | $-8.7M | ||
| Q1 25 | — | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-20.1M | ||
| Q2 24 | — | $-19.7M | ||
| Q1 24 | — | $67.8M |
自由现金流率ABNBMOV
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -14.7% | ||
| Q1 24 | — | 38.6% |
资本支出强度ABNBMOV
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
现金转化率ABNBMOV
| Q4 25 | 1.54× | 1.28× | ||
| Q3 25 | 0.99× | -1.27× | ||
| Q2 25 | 1.52× | -5.08× | ||
| Q1 25 | 11.62× | 4.86× | ||
| Q4 24 | 1.01× | -0.98× | ||
| Q3 24 | 0.79× | -5.14× | ||
| Q2 24 | 1.89× | -8.97× | ||
| Q1 24 | 7.28× | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
