vs
爱彼迎（ABNB）与OneWater Marine Inc.（ONEW）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OneWater Marine Inc.的7.3倍（$2.8B vs $380.6M）。爱彼迎净利率更高（12.3% vs -2.0%，领先14.3%）。爱彼迎同比增速更快（12.0% vs 1.3%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -11.7%）
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。
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
ABNB vs ONEW — 直观对比
营收规模更大
ABNB
是对方的7.3倍
$380.6M
营收增速更快
ABNB
高出10.8%
1.3%
净利率更高
ABNB
高出14.3%
-2.0%
两年增速更快
ABNB
近两年复合增速
-11.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $380.6M |
| 净利润 | $341.0M | $-7.7M |
| 毛利率 | 82.5% | 23.5% |
| 营业利润率 | 9.7% | -1.4% |
| 净利率 | 12.3% | -2.0% |
| 营收同比 | 12.0% | 1.3% |
| 净利润同比 | -26.0% | 35.6% |
| 每股收益（稀释后） | — | — |
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ABNBONEW
| Q4 25 | $2.8B | $380.6M | ||
| Q3 25 | $4.1B | $460.1M | ||
| Q2 25 | $3.1B | $552.9M | ||
| Q1 25 | $2.3B | $483.5M | ||
| Q4 24 | $2.5B | $375.8M | ||
| Q3 24 | $3.7B | $377.9M | ||
| Q2 24 | $2.7B | $542.4M | ||
| Q1 24 | $2.1B | $488.3M |
净利润ABNBONEW
| Q4 25 | $341.0M | $-7.7M | ||
| Q3 25 | $1.4B | $-113.0M | ||
| Q2 25 | $642.0M | $10.7M | ||
| Q1 25 | $154.0M | $-368.0K | ||
| Q4 24 | $461.0M | $-12.0M | ||
| Q3 24 | $1.4B | $-9.2M | ||
| Q2 24 | $555.0M | $14.7M | ||
| Q1 24 | $264.0M | $-4.0M |
毛利率ABNBONEW
| Q4 25 | 82.5% | 23.5% | ||
| Q3 25 | 86.6% | 22.6% | ||
| Q2 25 | 82.4% | 23.3% | ||
| Q1 25 | 77.7% | 22.8% | ||
| Q4 24 | 82.8% | 22.4% | ||
| Q3 24 | 87.5% | 24.0% | ||
| Q2 24 | 81.6% | 24.4% | ||
| Q1 24 | 77.6% | 24.6% |
营业利润率ABNBONEW
| Q4 25 | 9.7% | -1.4% | ||
| Q3 25 | 39.7% | -28.3% | ||
| Q2 25 | 19.8% | 5.5% | ||
| Q1 25 | 1.7% | 3.4% | ||
| Q4 24 | 17.3% | -0.5% | ||
| Q3 24 | 40.9% | 1.2% | ||
| Q2 24 | 18.1% | 7.4% | ||
| Q1 24 | 4.7% | 2.8% |
净利率ABNBONEW
| Q4 25 | 12.3% | -2.0% | ||
| Q3 25 | 33.6% | -24.5% | ||
| Q2 25 | 20.7% | 1.9% | ||
| Q1 25 | 6.8% | -0.1% | ||
| Q4 24 | 18.6% | -3.2% | ||
| Q3 24 | 36.7% | -2.4% | ||
| Q2 24 | 20.2% | 2.7% | ||
| Q1 24 | 12.3% | -0.8% |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $277.5M |
| 总资产 | $22.2B | $1.4B |
| 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ABNBONEW
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.1B | — |
股东权益ABNBONEW
| Q4 25 | $8.2B | $277.5M | ||
| Q3 25 | $8.6B | $285.0M | ||
| Q2 25 | $7.8B | $393.2M | ||
| Q1 25 | $7.9B | $381.6M | ||
| Q4 24 | $8.4B | $354.8M | ||
| Q3 24 | $8.5B | $360.8M | ||
| Q2 24 | $8.0B | $368.6M | ||
| Q1 24 | $7.9B | $351.7M |
总资产ABNBONEW
| Q4 25 | $22.2B | $1.4B | ||
| Q3 25 | $23.1B | $1.4B | ||
| Q2 25 | $27.0B | $1.5B | ||
| Q1 25 | $25.1B | $1.6B | ||
| Q4 24 | $21.0B | $1.6B | ||
| Q3 24 | $22.2B | $1.6B | ||
| Q2 24 | $26.3B | $1.6B | ||
| Q1 24 | $24.5B | $1.7B |
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 | $-76.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-78.2M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | $41.6M |
8季度趋势，按日历期对齐
经营现金流ABNBONEW
| Q4 25 | $526.0M | $-76.3M | ||
| Q3 25 | $1.4B | $9.9M | ||
| Q2 25 | $975.0M | $90.8M | ||
| Q1 25 | $1.8B | $28.5M | ||
| Q4 24 | $466.0M | $-37.4M | ||
| Q3 24 | $1.1B | $27.3M | ||
| Q2 24 | $1.1B | $93.8M | ||
| Q1 24 | $1.9B | $23.7M |
自由现金流ABNBONEW
| Q4 25 | — | $-78.2M | ||
| Q3 25 | — | $7.2M | ||
| Q2 25 | — | $88.9M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $-40.0M | ||
| Q3 24 | — | $23.2M | ||
| Q2 24 | — | $86.9M | ||
| Q1 24 | — | $13.8M |
自由现金流率ABNBONEW
| Q4 25 | — | -20.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 16.1% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -10.7% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 2.8% |
资本支出强度ABNBONEW
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.0% |
现金转化率ABNBONEW
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | 8.47× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 6.39× | ||
| 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% |
ONEW
| New Sales | $233.3M | 61% |
| Pre Owned | $70.4M | 19% |
| Service Parts Other | $68.0M | 18% |
| Finance And Insurance Income | $8.9M | 2% |
