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爱彼迎（ABNB）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的2.9倍（$2.8B vs $965.7M）。爱彼迎净利率更高（12.3% vs 5.4%，领先6.9%）。爱彼迎同比增速更快（12.0% vs 4.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 0.6%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
ABNB vs MSM — 直观对比
营收规模更大
ABNB
是对方的2.9倍
$965.7M
营收增速更快
ABNB
高出8.0%
4.0%
净利率更高
ABNB
高出6.9%
5.4%
两年增速更快
ABNB
近两年复合增速
0.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $965.7M |
| 净利润 | $341.0M | $51.8M |
| 毛利率 | 82.5% | 40.7% |
| 营业利润率 | 9.7% | 7.9% |
| 净利率 | 12.3% | 5.4% |
| 营收同比 | 12.0% | 4.0% |
| 净利润同比 | -26.0% | 11.1% |
| 每股收益（稀释后） | — | $0.93 |
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ABNBMSM
| Q4 25 | $2.8B | $965.7M | ||
| Q3 25 | $4.1B | $978.2M | ||
| Q2 25 | $3.1B | $971.1M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | $928.5M | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $2.7B | $979.4M | ||
| Q1 24 | $2.1B | $935.3M |
净利润ABNBMSM
| Q4 25 | $341.0M | $51.8M | ||
| Q3 25 | $1.4B | $56.5M | ||
| Q2 25 | $642.0M | $56.8M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | $46.6M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $555.0M | $71.7M | ||
| Q1 24 | $264.0M | $61.8M |
毛利率ABNBMSM
| Q4 25 | 82.5% | 40.7% | ||
| Q3 25 | 86.6% | 40.4% | ||
| Q2 25 | 82.4% | 41.0% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | 40.7% | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | 40.9% | ||
| Q1 24 | 77.6% | 41.5% |
营业利润率ABNBMSM
| Q4 25 | 9.7% | 7.9% | ||
| Q3 25 | 39.7% | 8.6% | ||
| Q2 25 | 19.8% | 8.5% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | 7.8% | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 18.1% | 10.9% | ||
| Q1 24 | 4.7% | 9.7% |
净利率ABNBMSM
| Q4 25 | 12.3% | 5.4% | ||
| Q3 25 | 33.6% | 5.8% | ||
| Q2 25 | 20.7% | 5.9% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | 5.0% | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 20.2% | 7.3% | ||
| Q1 24 | 12.3% | 6.6% |
每股收益（稀释后）ABNBMSM
| Q4 25 | — | $0.93 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $1.02 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.83 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.27 | ||
| Q1 24 | — | $1.10 |
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 | $40.3M |
| 总债务越低越好 | — | $214.1M |
| 股东权益账面价值 | $8.2B | $1.4B |
| 总资产 | $22.2B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资ABNBMSM
| Q4 25 | $11.0B | $40.3M | ||
| Q3 25 | $11.7B | $56.2M | ||
| Q2 25 | $11.4B | $71.7M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $57.3M | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | $25.9M | ||
| Q1 24 | $11.1B | $22.2M |
总债务ABNBMSM
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M | ||
| Q1 24 | — | $294.5M |
股东权益ABNBMSM
| Q4 25 | $8.2B | $1.4B | ||
| Q3 25 | $8.6B | $1.4B | ||
| Q2 25 | $7.8B | $1.4B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.0B | $1.4B | ||
| Q1 24 | $7.9B | $1.4B |
总资产ABNBMSM
| Q4 25 | $22.2B | $2.5B | ||
| Q3 25 | $23.1B | $2.5B | ||
| Q2 25 | $27.0B | $2.5B | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | $2.5B | ||
| Q3 24 | $22.2B | — | ||
| Q2 24 | $26.3B | $2.5B | ||
| Q1 24 | $24.5B | $2.5B |
负债/权益比ABNBMSM
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $7.4M |
| 自由现金流率自由现金流/营收 | — | 0.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.57× |
| 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ABNBMSM
| Q4 25 | $526.0M | $29.4M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $975.0M | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | $101.9M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $143.5M | ||
| Q1 24 | $1.9B | $78.7M |
自由现金流ABNBMSM
| Q4 25 | — | $7.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $81.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $114.0M | ||
| Q1 24 | — | $53.4M |
自由现金流率ABNBMSM
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 5.7% |
资本支出强度ABNBMSM
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 2.7% |
现金转化率ABNBMSM
| Q4 25 | 1.54× | 0.57× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 2.18× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 2.00× | ||
| Q1 24 | 7.28× | 1.27× |
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% |
MSM
暂无分部数据
