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爱彼迎（ABNB）与百事公司（PFGC）财务数据对比。点击上方公司名可切换其他公司
百事公司的季度营收约是爱彼迎的5.9倍（$16.4B vs $2.8B）。爱彼迎净利率更高（12.3% vs 0.4%，领先11.9%）。爱彼迎同比增速更快（12.0% vs 5.2%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 8.9%）
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。
百事公司是总部位于美国纽约州珀彻斯的跨国食品饮料企业，1965年由百事可乐公司与菲多利合并成立。业务覆盖食品饮料全领域，负责旗下产品的生产、分销与市场营销，产品矩阵从最初的百事可乐扩展到了丰富多元的知名品牌组合。
ABNB vs PFGC — 直观对比
营收规模更大
PFGC
是对方的5.9倍
$2.8B
营收增速更快
ABNB
高出6.9%
5.2%
净利率更高
ABNB
高出11.9%
0.4%
两年增速更快
ABNB
近两年复合增速
8.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $16.4B |
| 净利润 | $341.0M | $61.7M |
| 毛利率 | 82.5% | 12.0% |
| 营业利润率 | 9.7% | 1.2% |
| 净利率 | 12.3% | 0.4% |
| 营收同比 | 12.0% | 5.2% |
| 净利润同比 | -26.0% | 45.5% |
| 每股收益（稀释后） | — | $0.39 |
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ABNBPFGC
| Q4 25 | $2.8B | $16.4B | ||
| Q3 25 | $4.1B | $17.1B | ||
| Q2 25 | $3.1B | $16.9B | ||
| Q1 25 | $2.3B | $15.3B | ||
| Q4 24 | $2.5B | $15.6B | ||
| Q3 24 | $3.7B | $15.4B | ||
| Q2 24 | $2.7B | $15.2B | ||
| Q1 24 | $2.1B | $13.9B |
净利润ABNBPFGC
| Q4 25 | $341.0M | $61.7M | ||
| Q3 25 | $1.4B | $93.6M | ||
| Q2 25 | $642.0M | $131.5M | ||
| Q1 25 | $154.0M | $58.3M | ||
| Q4 24 | $461.0M | $42.4M | ||
| Q3 24 | $1.4B | $108.0M | ||
| Q2 24 | $555.0M | $166.5M | ||
| Q1 24 | $264.0M | $70.4M |
毛利率ABNBPFGC
| Q4 25 | 82.5% | 12.0% | ||
| Q3 25 | 86.6% | 11.8% | ||
| Q2 25 | 82.4% | 11.8% | ||
| Q1 25 | 77.7% | 11.9% | ||
| Q4 24 | 82.8% | 11.7% | ||
| Q3 24 | 87.5% | 11.4% | ||
| Q2 24 | 81.6% | 11.5% | ||
| Q1 24 | 77.6% | 11.3% |
营业利润率ABNBPFGC
| Q4 25 | 9.7% | 1.2% | ||
| Q3 25 | 39.7% | 1.3% | ||
| Q2 25 | 19.8% | 1.6% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 17.3% | 1.0% | ||
| Q3 24 | 40.9% | 1.4% | ||
| Q2 24 | 18.1% | 1.9% | ||
| Q1 24 | 4.7% | 1.1% |
净利率ABNBPFGC
| Q4 25 | 12.3% | 0.4% | ||
| Q3 25 | 33.6% | 0.5% | ||
| Q2 25 | 20.7% | 0.8% | ||
| Q1 25 | 6.8% | 0.4% | ||
| Q4 24 | 18.6% | 0.3% | ||
| Q3 24 | 36.7% | 0.7% | ||
| Q2 24 | 20.2% | 1.1% | ||
| Q1 24 | 12.3% | 0.5% |
每股收益（稀释后）ABNBPFGC
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.60 | ||
| Q2 25 | — | $0.85 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | — | $0.45 |
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 | — | $5.3B |
| 股东权益账面价值 | $8.2B | $4.6B |
| 总资产 | $22.2B | $18.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资ABNBPFGC
| 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 | — |
总债务ABNBPFGC
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益ABNBPFGC
| Q4 25 | $8.2B | $4.6B | ||
| Q3 25 | $8.6B | $4.6B | ||
| Q2 25 | $7.8B | $4.5B | ||
| Q1 25 | $7.9B | $4.3B | ||
| Q4 24 | $8.4B | $4.3B | ||
| Q3 24 | $8.5B | $4.2B | ||
| Q2 24 | $8.0B | $4.1B | ||
| Q1 24 | $7.9B | $4.0B |
总资产ABNBPFGC
| Q4 25 | $22.2B | $18.2B | ||
| Q3 25 | $23.1B | $18.4B | ||
| Q2 25 | $27.0B | $17.9B | ||
| Q1 25 | $25.1B | $17.1B | ||
| Q4 24 | $21.0B | $17.1B | ||
| Q3 24 | $22.2B | $14.4B | ||
| Q2 24 | $26.3B | $13.4B | ||
| Q1 24 | $24.5B | $12.9B |
负债/权益比ABNBPFGC
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.81× |
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 | $601.2M |
| 自由现金流经营现金流 - 资本支出 | — | $487.8M |
| 自由现金流率自由现金流/营收 | — | 3.0% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 1.54× | 9.74× |
| 过去12个月自由现金流最近4个季度 | — | $792.7M |
8季度趋势，按日历期对齐
经营现金流ABNBPFGC
| Q4 25 | $526.0M | $601.2M | ||
| Q3 25 | $1.4B | $-145.2M | ||
| Q2 25 | $975.0M | $383.0M | ||
| Q1 25 | $1.8B | $448.1M | ||
| Q4 24 | $466.0M | $325.5M | ||
| Q3 24 | $1.1B | $53.5M | ||
| Q2 24 | $1.1B | $206.3M | ||
| Q1 24 | $1.9B | $402.7M |
自由现金流ABNBPFGC
| Q4 25 | — | $487.8M | ||
| Q3 25 | — | $-224.1M | ||
| Q2 25 | — | $209.7M | ||
| Q1 25 | — | $319.3M | ||
| Q4 24 | — | $218.1M | ||
| Q3 24 | — | $-43.0M | ||
| Q2 24 | — | $55.1M | ||
| Q1 24 | — | $305.4M |
自由现金流率ABNBPFGC
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 2.2% |
资本支出强度ABNBPFGC
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBPFGC
| Q4 25 | 1.54× | 9.74× | ||
| Q3 25 | 0.99× | -1.55× | ||
| Q2 25 | 1.52× | 2.91× | ||
| Q1 25 | 11.62× | 7.69× | ||
| Q4 24 | 1.01× | 7.68× | ||
| Q3 24 | 0.79× | 0.50× | ||
| Q2 24 | 1.89× | 1.24× | ||
| Q1 24 | 7.28× | 5.72× |
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% |
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
