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爱彼迎（ABNB）与EPLUS INC（PLUS）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EPLUS INC的4.5倍（$2.8B vs $614.8M）。爱彼迎净利率更高（12.3% vs 5.7%，领先6.6%）。EPLUS INC同比增速更快（20.3% vs 12.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
ABNB vs PLUS — 直观对比
营收规模更大
ABNB
是对方的4.5倍
$614.8M
营收增速更快
PLUS
高出8.3%
12.0%
净利率更高
ABNB
高出6.6%
5.7%
两年增速更快
ABNB
近两年复合增速
2.3%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $614.8M |
| 净利润 | $341.0M | $35.1M |
| 毛利率 | 82.5% | 25.8% |
| 营业利润率 | 9.7% | 7.1% |
| 净利率 | 12.3% | 5.7% |
| 营收同比 | 12.0% | 20.3% |
| 净利润同比 | -26.0% | 45.2% |
| 每股收益（稀释后） | — | $1.33 |
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ABNBPLUS
| Q4 25 | $2.8B | $614.8M | ||
| Q3 25 | $4.1B | $608.8M | ||
| Q2 25 | $3.1B | $637.3M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | $493.2M | ||
| Q3 24 | $3.7B | $493.4M | ||
| Q2 24 | $2.7B | $535.7M | ||
| Q1 24 | $2.1B | — |
净利润ABNBPLUS
| Q4 25 | $341.0M | $35.1M | ||
| Q3 25 | $1.4B | $34.9M | ||
| Q2 25 | $642.0M | $37.7M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | $24.1M | ||
| Q3 24 | $1.4B | $31.3M | ||
| Q2 24 | $555.0M | $27.3M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBPLUS
| Q4 25 | 82.5% | 25.8% | ||
| Q3 25 | 86.6% | 26.6% | ||
| Q2 25 | 82.4% | 23.3% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | 25.4% | ||
| Q3 24 | 87.5% | 25.8% | ||
| Q2 24 | 81.6% | 23.7% | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBPLUS
| Q4 25 | 9.7% | 7.1% | ||
| Q3 25 | 39.7% | 8.0% | ||
| Q2 25 | 19.8% | 5.7% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | 3.3% | ||
| Q3 24 | 40.9% | 5.5% | ||
| Q2 24 | 18.1% | 5.9% | ||
| Q1 24 | 4.7% | — |
净利率ABNBPLUS
| Q4 25 | 12.3% | 5.7% | ||
| Q3 25 | 33.6% | 5.7% | ||
| Q2 25 | 20.7% | 5.9% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | 4.9% | ||
| Q3 24 | 36.7% | 6.3% | ||
| Q2 24 | 20.2% | 5.1% | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBPLUS
| Q4 25 | — | $1.33 | ||
| Q3 25 | — | $1.32 | ||
| Q2 25 | — | $1.43 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $1.17 | ||
| Q2 24 | — | $1.02 | ||
| Q1 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 | $326.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $1.1B |
| 总资产 | $22.2B | $1.8B |
| 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ABNBPLUS
| Q4 25 | $11.0B | $326.3M | ||
| Q3 25 | $11.7B | $402.2M | ||
| Q2 25 | $11.4B | $480.2M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $253.1M | ||
| Q3 24 | $11.3B | $187.5M | ||
| Q2 24 | $11.3B | $349.9M | ||
| Q1 24 | $11.1B | — |
股东权益ABNBPLUS
| Q4 25 | $8.2B | $1.1B | ||
| Q3 25 | $8.6B | $1.0B | ||
| Q2 25 | $7.8B | $1.0B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | $962.3M | ||
| Q3 24 | $8.5B | $947.0M | ||
| Q2 24 | $8.0B | $921.9M | ||
| Q1 24 | $7.9B | — |
总资产ABNBPLUS
| Q4 25 | $22.2B | $1.8B | ||
| Q3 25 | $23.1B | $1.8B | ||
| Q2 25 | $27.0B | $1.8B | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | $1.8B | ||
| Q3 24 | $22.2B | $1.7B | ||
| Q2 24 | $26.3B | $1.7B | ||
| Q1 24 | $24.5B | — |
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 | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | -2.49× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBPLUS
| Q4 25 | $526.0M | $-87.4M | ||
| Q3 25 | $1.4B | $-34.8M | ||
| Q2 25 | $975.0M | $-99.0M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | $65.7M | ||
| Q3 24 | $1.1B | $-21.6M | ||
| Q2 24 | $1.1B | $97.1M | ||
| Q1 24 | $1.9B | — |
现金转化率ABNBPLUS
| Q4 25 | 1.54× | -2.49× | ||
| Q3 25 | 0.99× | -1.00× | ||
| Q2 25 | 1.52× | -2.63× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 2.72× | ||
| Q3 24 | 0.79× | -0.69× | ||
| Q2 24 | 1.89× | 3.55× | ||
| 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% |
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
