vs
爱彼迎（ABNB）与Childrens Place, Inc.（PLCE）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Childrens Place, Inc.的8.2倍（$2.8B vs $339.5M）。爱彼迎净利率更高（12.3% vs -1.3%，领先13.5%）。爱彼迎同比增速更快（12.0% vs -13.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -13.6%）
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。
Children’s Place是专业儿童服饰零售商，产品主要以旗下自有品牌发售，涵盖Gymboree、Sugar & Jade、PJ Place、Crazy 8等。目前该品牌在美国、加拿大、波多黎各共开设约525家门店，同时通过两个线上渠道以及15个国家的5家加盟合作伙伴开展销售，产品涵盖上衣、裙装、鞋履、裤装、睡衣、背包等全品类儿童服饰配件。
ABNB vs PLCE — 直观对比
营收规模更大
ABNB
是对方的8.2倍
$339.5M
营收增速更快
ABNB
高出25.0%
-13.0%
净利率更高
ABNB
高出13.5%
-1.3%
两年增速更快
ABNB
近两年复合增速
-13.6%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $339.5M |
| 净利润 | $341.0M | $-4.3M |
| 毛利率 | 82.5% | 33.1% |
| 营业利润率 | 9.7% | 1.1% |
| 净利率 | 12.3% | -1.3% |
| 营收同比 | 12.0% | -13.0% |
| 净利润同比 | -26.0% | -121.5% |
| 每股收益（稀释后） | — | $-0.19 |
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ABNBPLCE
| Q4 25 | $2.8B | $339.5M | ||
| Q3 25 | $4.1B | $298.0M | ||
| Q2 25 | $3.1B | $242.1M | ||
| Q1 25 | $2.3B | $408.6M | ||
| Q4 24 | $2.5B | $390.2M | ||
| Q3 24 | $3.7B | $319.7M | ||
| Q2 24 | $2.7B | $267.9M | ||
| Q1 24 | $2.1B | $455.0M |
净利润ABNBPLCE
| Q4 25 | $341.0M | $-4.3M | ||
| Q3 25 | $1.4B | $-5.4M | ||
| Q2 25 | $642.0M | $-34.0M | ||
| Q1 25 | $154.0M | $-8.0M | ||
| Q4 24 | $461.0M | $20.1M | ||
| Q3 24 | $1.4B | $-32.1M | ||
| Q2 24 | $555.0M | $-37.8M | ||
| Q1 24 | $264.0M | $-128.8M |
毛利率ABNBPLCE
| Q4 25 | 82.5% | 33.1% | ||
| Q3 25 | 86.6% | 34.0% | ||
| Q2 25 | 82.4% | 29.2% | ||
| Q1 25 | 77.7% | 28.5% | ||
| Q4 24 | 82.8% | 35.5% | ||
| Q3 24 | 87.5% | 35.0% | ||
| Q2 24 | 81.6% | 34.6% | ||
| Q1 24 | 77.6% | 21.8% |
营业利润率ABNBPLCE
| Q4 25 | 9.7% | 1.1% | ||
| Q3 25 | 39.7% | 1.4% | ||
| Q2 25 | 19.8% | -10.0% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 17.3% | 7.5% | ||
| Q3 24 | 40.9% | -6.8% | ||
| Q2 24 | 18.1% | -10.4% | ||
| Q1 24 | 4.7% | -13.6% |
净利率ABNBPLCE
| Q4 25 | 12.3% | -1.3% | ||
| Q3 25 | 33.6% | -1.8% | ||
| Q2 25 | 20.7% | -14.1% | ||
| Q1 25 | 6.8% | -2.0% | ||
| Q4 24 | 18.6% | 5.1% | ||
| Q3 24 | 36.7% | -10.0% | ||
| Q2 24 | 20.2% | -14.1% | ||
| Q1 24 | 12.3% | -28.3% |
每股收益（稀释后）ABNBPLCE
| Q4 25 | — | $-0.19 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-1.57 | ||
| Q1 25 | — | $-0.60 | ||
| Q4 24 | — | $1.57 | ||
| Q3 24 | — | $-2.51 | ||
| Q2 24 | — | $-2.98 | ||
| Q1 24 | — | $-10.24 |
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 | $7.3M |
| 总债务越低越好 | — | $107.4M |
| 股东权益账面价值 | $8.2B | $-8.6M |
| 总资产 | $22.2B | $762.5M |
| 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ABNBPLCE
| Q4 25 | $11.0B | $7.3M | ||
| Q3 25 | $11.7B | $7.8M | ||
| Q2 25 | $11.4B | $5.7M | ||
| Q1 25 | $11.5B | $5.3M | ||
| Q4 24 | $10.6B | $5.7M | ||
| Q3 24 | $11.3B | $9.6M | ||
| Q2 24 | $11.3B | $13.0M | ||
| Q1 24 | $11.1B | $13.6M |
总债务ABNBPLCE
| Q4 25 | — | $107.4M | ||
| Q3 25 | — | $107.2M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $166.0M | ||
| Q4 24 | — | $165.7M | ||
| Q3 24 | — | $165.4M | ||
| Q2 24 | — | $166.6M | ||
| Q1 24 | — | $49.8M |
股东权益ABNBPLCE
| Q4 25 | $8.2B | $-8.6M | ||
| Q3 25 | $8.6B | $-4.9M | ||
| Q2 25 | $7.8B | $1.4M | ||
| Q1 25 | $7.9B | $-59.4M | ||
| Q4 24 | $8.4B | $-49.6M | ||
| Q3 24 | $8.5B | $-68.9M | ||
| Q2 24 | $8.0B | $-34.9M | ||
| Q1 24 | $7.9B | $-9.0M |
总资产ABNBPLCE
| Q4 25 | $22.2B | $762.5M | ||
| Q3 25 | $23.1B | $805.1M | ||
| Q2 25 | $27.0B | $779.6M | ||
| Q1 25 | $25.1B | $747.6M | ||
| Q4 24 | $21.0B | $888.8M | ||
| Q3 24 | $22.2B | $921.4M | ||
| Q2 24 | $26.3B | $848.3M | ||
| Q1 24 | $24.5B | $800.3M |
负债/权益比ABNBPLCE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 75.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $6.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.4M |
| 自由现金流率自由现金流/营收 | — | -1.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 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 | — | $39.5M |
8季度趋势，按日历期对齐
经营现金流ABNBPLCE
| Q4 25 | $526.0M | $6.2M | ||
| Q3 25 | $1.4B | $-30.5M | ||
| Q2 25 | $975.0M | $-43.0M | ||
| Q1 25 | $1.8B | $121.3M | ||
| Q4 24 | $466.0M | $-44.2M | ||
| Q3 24 | $1.1B | $-83.9M | ||
| Q2 24 | $1.1B | $-110.8M | ||
| Q1 24 | $1.9B | $135.4M |
自由现金流ABNBPLCE
| Q4 25 | — | $-3.4M | ||
| Q3 25 | — | $-31.9M | ||
| Q2 25 | — | $-46.4M | ||
| Q1 25 | — | $121.2M | ||
| Q4 24 | — | $-47.7M | ||
| Q3 24 | — | $-91.7M | ||
| Q2 24 | — | $-115.5M | ||
| Q1 24 | — | $132.2M |
自由现金流率ABNBPLCE
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | — | -19.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | -12.2% | ||
| Q3 24 | — | -28.7% | ||
| Q2 24 | — | -43.1% | ||
| Q1 24 | — | 29.1% |
资本支出强度ABNBPLCE
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBPLCE
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | -2.20× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| 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% |
PLCE
| The Childrens Place US | $307.4M | 91% |
| The Childrens Place International | $32.1M | 9% |
| Gift Cards | $1.7M | 1% |
