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爱彼迎（ABNB）与ORION ENERGY SYSTEMS, INC.（OESX）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ORION ENERGY SYSTEMS, INC.的131.7倍（$2.8B vs $21.1M）。爱彼迎净利率更高（12.3% vs 0.8%，领先11.5%）。爱彼迎同比增速更快（12.0% vs 7.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -10.6%）
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。
猎户座能源系统公司是一家美国企业，主营LED照明产品与智能控制系统，公司最初创立于威斯康星州普利茅斯，目前总部设于威斯康星州马尼托沃克。
ABNB vs OESX — 直观对比
营收规模更大
ABNB
是对方的131.7倍
$21.1M
营收增速更快
ABNB
高出4.3%
7.7%
净利率更高
ABNB
高出11.5%
0.8%
两年增速更快
ABNB
近两年复合增速
-10.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $21.1M |
| 净利润 | $341.0M | $160.0K |
| 毛利率 | 82.5% | 30.9% |
| 营业利润率 | 9.7% | 1.8% |
| 净利率 | 12.3% | 0.8% |
| 营收同比 | 12.0% | 7.7% |
| 净利润同比 | -26.0% | 110.6% |
| 每股收益（稀释后） | — | $0.04 |
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ABNBOESX
| Q4 25 | $2.8B | $21.1M | ||
| Q3 25 | $4.1B | $19.9M | ||
| Q2 25 | $3.1B | $19.6M | ||
| Q1 25 | $2.3B | $20.9M | ||
| Q4 24 | $2.5B | $19.6M | ||
| Q3 24 | $3.7B | $19.4M | ||
| Q2 24 | $2.7B | $19.9M | ||
| Q1 24 | $2.1B | $26.4M |
净利润ABNBOESX
| Q4 25 | $341.0M | $160.0K | ||
| Q3 25 | $1.4B | $-581.0K | ||
| Q2 25 | $642.0M | $-1.2M | ||
| Q1 25 | $154.0M | $-2.9M | ||
| Q4 24 | $461.0M | $-1.5M | ||
| Q3 24 | $1.4B | $-3.6M | ||
| Q2 24 | $555.0M | $-3.8M | ||
| Q1 24 | $264.0M | $1.6M |
毛利率ABNBOESX
| Q4 25 | 82.5% | 30.9% | ||
| Q3 25 | 86.6% | 31.0% | ||
| Q2 25 | 82.4% | 30.1% | ||
| Q1 25 | 77.7% | 27.4% | ||
| Q4 24 | 82.8% | 29.4% | ||
| Q3 24 | 87.5% | 23.1% | ||
| Q2 24 | 81.6% | 21.6% | ||
| Q1 24 | 77.6% | 25.8% |
营业利润率ABNBOESX
| Q4 25 | 9.7% | 1.8% | ||
| Q3 25 | 39.7% | -1.2% | ||
| Q2 25 | 19.8% | -5.2% | ||
| Q1 25 | 1.7% | -12.7% | ||
| Q4 24 | 17.3% | -6.4% | ||
| Q3 24 | 40.9% | -16.9% | ||
| Q2 24 | 18.1% | -17.2% | ||
| Q1 24 | 4.7% | 6.8% |
净利率ABNBOESX
| Q4 25 | 12.3% | 0.8% | ||
| Q3 25 | 33.6% | -2.9% | ||
| Q2 25 | 20.7% | -6.4% | ||
| Q1 25 | 6.8% | -13.9% | ||
| Q4 24 | 18.6% | -7.7% | ||
| Q3 24 | 36.7% | -18.7% | ||
| Q2 24 | 20.2% | -18.9% | ||
| Q1 24 | 12.3% | 6.1% |
每股收益（稀释后）ABNBOESX
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.17 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $1.32 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-1.10 | ||
| Q2 24 | — | $-0.12 | ||
| Q1 24 | — | $0.06 |
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 | $4.7M |
| 总债务越低越好 | — | $9.8M |
| 股东权益账面价值 | $8.2B | $11.8M |
| 总资产 | $22.2B | $48.3M |
| 负债/权益比越低杠杆越低 | — | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资ABNBOESX
| Q4 25 | $11.0B | $4.7M | ||
| Q3 25 | $11.7B | $5.2M | ||
| Q2 25 | $11.4B | $3.6M | ||
| Q1 25 | $11.5B | $6.0M | ||
| Q4 24 | $10.6B | $7.5M | ||
| Q3 24 | $11.3B | $5.4M | ||
| Q2 24 | $11.3B | $5.7M | ||
| Q1 24 | $11.1B | $5.2M |
总债务ABNBOESX
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $9.9M | ||
| Q2 25 | — | $8.5M | ||
| Q1 25 | — | $10.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | — | $10.0M |
股东权益ABNBOESX
| Q4 25 | $8.2B | $11.8M | ||
| Q3 25 | $8.6B | $11.4M | ||
| Q2 25 | $7.8B | $10.8M | ||
| Q1 25 | $7.9B | $11.9M | ||
| Q4 24 | $8.4B | $14.5M | ||
| Q3 24 | $8.5B | $15.8M | ||
| Q2 24 | $8.0B | $19.1M | ||
| Q1 24 | $7.9B | $22.5M |
总资产ABNBOESX
| Q4 25 | $22.2B | $48.3M | ||
| Q3 25 | $23.1B | $47.9M | ||
| Q2 25 | $27.0B | $49.0M | ||
| Q1 25 | $25.1B | $52.5M | ||
| Q4 24 | $21.0B | $52.7M | ||
| Q3 24 | $22.2B | $56.3M | ||
| Q2 24 | $26.3B | $59.8M | ||
| Q1 24 | $24.5B | $63.2M |
负债/权益比ABNBOESX
| Q4 25 | — | 0.83× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.79× | ||
| Q2 24 | — | 0.71× | ||
| Q1 24 | — | 0.44× |
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 | $-897.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1M |
| 自由现金流率自由现金流/营收 | — | -5.4% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.54× | -5.61× |
| 过去12个月自由现金流最近4个季度 | — | $-905.0K |
8季度趋势，按日历期对齐
经营现金流ABNBOESX
| Q4 25 | $526.0M | $-897.0K | ||
| Q3 25 | $1.4B | $1.8M | ||
| Q2 25 | $975.0M | $-515.0K | ||
| Q1 25 | $1.8B | $-699.0K | ||
| Q4 24 | $466.0M | $3.8M | ||
| Q3 24 | $1.1B | $498.0K | ||
| Q2 24 | $1.1B | $-3.0M | ||
| Q1 24 | $1.9B | $175.0K |
自由现金流ABNBOESX
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $-570.0K | ||
| Q1 25 | — | $-750.0K | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | — | $493.0K | ||
| Q2 24 | — | $-3.0M | ||
| Q1 24 | — | $144.0K |
自由现金流率ABNBOESX
| Q4 25 | — | -5.4% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -3.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -15.0% | ||
| Q1 24 | — | 0.5% |
资本支出强度ABNBOESX
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率ABNBOESX
| Q4 25 | 1.54× | -5.61× | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 7.28× | 0.11× |
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% |
OESX
| Lighting Product And Installation | $11.9M | 56% |
| Electric Vehicle Charging Systems | $4.7M | 22% |
| Maintenance Services | $4.4M | 21% |
