vs
爱彼迎（ABNB）与国民油井华高（NOV）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国民油井华高的1.4倍（$2.8B vs $2.1B），爱彼迎净利率更高（12.3% vs 1.0%，领先11.3%），爱彼迎同比增速更快（12.0% vs -9.9%），过去两年爱彼迎的营收复合增速更高（13.9% vs -3.8%）
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。
NOV Inc.（前称国民油井华高）是总部位于美国得克萨斯州休斯顿的跨国企业，为上游油气行业提供钻探及生产作业所需的设备零部件、油田服务及供应链整合服务，在六大洲布局超500个运营点，下设能源设备、能源产品与服务两大业务板块。
ABNB vs NOV — 直观对比
营收规模更大
ABNB
是对方的1.4倍
$2.1B
营收增速更快
ABNB
高出21.9%
-9.9%
净利率更高
ABNB
高出11.3%
1.0%
两年增速更快
ABNB
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.1B |
| 净利润 | $341.0M | $20.0M |
| 毛利率 | 82.5% | 18.5% |
| 营业利润率 | 9.7% | 2.3% |
| 净利率 | 12.3% | 1.0% |
| 营收同比 | 12.0% | -9.9% |
| 净利润同比 | -26.0% | -73.0% |
| 每股收益（稀释后） | — | $0.05 |
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ABNBNOV
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B |
净利润ABNBNOV
| Q1 26 | — | $20.0M | ||
| Q4 25 | $341.0M | $-78.0M | ||
| Q3 25 | $1.4B | $42.0M | ||
| Q2 25 | $642.0M | $108.0M | ||
| Q1 25 | $154.0M | $73.0M | ||
| Q4 24 | $461.0M | $160.0M | ||
| Q3 24 | $1.4B | $130.0M | ||
| Q2 24 | $555.0M | $226.0M |
毛利率ABNBNOV
| Q1 26 | — | 18.5% | ||
| Q4 25 | 82.5% | 20.3% | ||
| Q3 25 | 86.6% | 18.9% | ||
| Q2 25 | 82.4% | 20.4% | ||
| Q1 25 | 77.7% | 21.3% | ||
| Q4 24 | 82.8% | 21.4% | ||
| Q3 24 | 87.5% | 21.4% | ||
| Q2 24 | 81.6% | 26.6% |
营业利润率ABNBNOV
| Q1 26 | — | 2.3% | ||
| Q4 25 | 9.7% | 4.0% | ||
| Q3 25 | 39.7% | 4.9% | ||
| Q2 25 | 19.8% | 6.5% | ||
| Q1 25 | 1.7% | 7.2% | ||
| Q4 24 | 17.3% | 9.0% | ||
| Q3 24 | 40.9% | 8.9% | ||
| Q2 24 | 18.1% | 14.1% |
净利率ABNBNOV
| Q1 26 | — | 1.0% | ||
| Q4 25 | 12.3% | -3.4% | ||
| Q3 25 | 33.6% | 1.9% | ||
| Q2 25 | 20.7% | 4.9% | ||
| Q1 25 | 6.8% | 3.5% | ||
| Q4 24 | 18.6% | 6.9% | ||
| Q3 24 | 36.7% | 5.9% | ||
| Q2 24 | 20.2% | 10.2% |
每股收益（稀释后）ABNBNOV
| Q1 26 | — | $0.05 | ||
| Q4 25 | — | $-0.20 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $0.33 | ||
| Q2 24 | — | $0.57 |
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 | $1.3B |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $8.2B | — |
| 总资产 | $22.2B | $11.1B |
| 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ABNBNOV
| Q1 26 | — | $1.3B | ||
| Q4 25 | $11.0B | $1.6B | ||
| Q3 25 | $11.7B | $1.2B | ||
| Q2 25 | $11.4B | $1.1B | ||
| Q1 25 | $11.5B | $1.2B | ||
| Q4 24 | $10.6B | $1.2B | ||
| Q3 24 | $11.3B | $985.0M | ||
| Q2 24 | $11.3B | $827.0M |
总债务ABNBNOV
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益ABNBNOV
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $6.3B | ||
| Q3 25 | $8.6B | $6.5B | ||
| Q2 25 | $7.8B | $6.5B | ||
| Q1 25 | $7.9B | $6.4B | ||
| Q4 24 | $8.4B | $6.4B | ||
| Q3 24 | $8.5B | $6.5B | ||
| Q2 24 | $8.0B | $6.4B |
总资产ABNBNOV
| Q1 26 | — | $11.1B | ||
| Q4 25 | $22.2B | $11.3B | ||
| Q3 25 | $23.1B | $11.3B | ||
| Q2 25 | $27.0B | $11.4B | ||
| Q1 25 | $25.1B | $11.3B | ||
| Q4 24 | $21.0B | $11.4B | ||
| Q3 24 | $22.2B | $11.4B | ||
| Q2 24 | $26.3B | $11.3B |
负债/权益比ABNBNOV
| Q1 26 | — | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.27× |
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 | — | $51.0M |
| 自由现金流率自由现金流/营收 | — | 2.5% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | $876.0M |
8季度趋势，按日历期对齐
经营现金流ABNBNOV
| Q1 26 | — | — | ||
| Q4 25 | $526.0M | $573.0M | ||
| Q3 25 | $1.4B | $352.0M | ||
| Q2 25 | $975.0M | $191.0M | ||
| Q1 25 | $1.8B | $135.0M | ||
| Q4 24 | $466.0M | $591.0M | ||
| Q3 24 | $1.1B | $359.0M | ||
| Q2 24 | $1.1B | $432.0M |
自由现金流ABNBNOV
| Q1 26 | — | $51.0M | ||
| Q4 25 | — | $472.0M | ||
| Q3 25 | — | $245.0M | ||
| Q2 25 | — | $108.0M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $473.0M | ||
| Q3 24 | — | $277.0M | ||
| Q2 24 | — | $350.0M |
自由现金流率ABNBNOV
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 20.5% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 15.8% |
资本支出强度ABNBNOV
| Q1 26 | — | — | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.7% |
现金转化率ABNBNOV
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 8.38× | ||
| Q2 25 | 1.52× | 1.77× | ||
| Q1 25 | 11.62× | 1.85× | ||
| Q4 24 | 1.01× | 3.69× | ||
| Q3 24 | 0.79× | 2.76× | ||
| Q2 24 | 1.89× | 1.91× |
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% |
NOV
| Energy Equipment | $1.2B | 58% |
| Energy Products and Services | $897.0M | 44% |
