vs
爱彼迎（ABNB）与Paramount Skydance Corporation（PSKY）财务数据对比。点击上方公司名可切换其他公司
Paramount Skydance Corporation的季度营收约是爱彼迎的1.5倍（$4.1B vs $2.8B），爱彼迎净利率更高（12.3% vs -0.3%，领先12.6%），爱彼迎同比增速更快（12.0% vs -38.8%）
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。
派拉蒙天空之舞是美国跨国传媒娱乐集团，总部坐落于加利福尼亚州洛杉矶市好莱坞的派拉蒙影业园区内，旗下多家派拉蒙业务分支、子公司及核心办公会议场所均设于纽约阿斯特广场一号的原派拉蒙全球总部大楼。
ABNB vs PSKY — 直观对比
营收规模更大
PSKY
是对方的1.5倍
$2.8B
营收增速更快
ABNB
高出50.8%
-38.8%
净利率更高
ABNB
高出12.6%
-0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.1B |
| 净利润 | $341.0M | $-13.0M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 5.9% |
| 净利率 | 12.3% | -0.3% |
| 营收同比 | 12.0% | -38.8% |
| 净利润同比 | -26.0% | -1400.0% |
| 每股收益（稀释后） | — | $-0.01 |
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ABNBPSKY
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $4.1B | ||
| Q2 25 | $3.1B | $0 | ||
| Q1 25 | $2.3B | $0 | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $3.7B | $6.7B | ||
| Q2 24 | $2.7B | $0 | ||
| Q1 24 | $2.1B | — |
净利润ABNBPSKY
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $-13.0M | ||
| Q2 25 | $642.0M | $0 | ||
| Q1 25 | $154.0M | $0 | ||
| Q4 24 | $461.0M | — | ||
| Q3 24 | $1.4B | $1.0M | ||
| Q2 24 | $555.0M | $0 | ||
| Q1 24 | $264.0M | — |
毛利率ABNBPSKY
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | — | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBPSKY
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 5.9% | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 40.9% | 5.0% | ||
| Q2 24 | 18.1% | — | ||
| Q1 24 | 4.7% | — |
净利率ABNBPSKY
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | -0.3% | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 36.7% | 0.0% | ||
| Q2 24 | 20.2% | — | ||
| Q1 24 | 12.3% | — |
每股收益（稀释后）ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.00 | ||
| 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 | $3.3B |
| 总债务越低越好 | — | $13.3B |
| 股东权益账面价值 | $8.2B | $12.0B |
| 总资产 | $22.2B | $43.2B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资ABNBPSKY
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | $3.3B | ||
| 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ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBPSKY
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $12.0B | ||
| Q2 25 | $7.8B | $0 | ||
| Q1 25 | $7.9B | $0 | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.5B | $17.1B | ||
| Q2 24 | $8.0B | $0 | ||
| Q1 24 | $7.9B | — |
总资产ABNBPSKY
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $43.2B | ||
| Q2 25 | $27.0B | $0 | ||
| Q1 25 | $25.1B | $0 | ||
| Q4 24 | $21.0B | — | ||
| Q3 24 | $22.2B | — | ||
| Q2 24 | $26.3B | — | ||
| Q1 24 | $24.5B | — |
负债/权益比ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | — | ||
| 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 | $268.0M |
| 自由现金流经营现金流 - 资本支出 | — | $222.0M |
| 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 | — | 1.1% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBPSKY
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $268.0M | ||
| Q2 25 | $975.0M | $0 | ||
| Q1 25 | $1.8B | $0 | ||
| Q4 24 | $466.0M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $0 | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | $222.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ABNBPSKY
| Q4 25 | — | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ABNBPSKY
| Q4 25 | 1.54× | — | ||
| 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× | — |
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% |
PSKY
| Affiliate And Subscription | $2.0B | 49% |
| Advertising | $1.3B | 31% |
| Licensing And Other | $775.0M | 19% |
| Related Party | $40.0M | 1% |
| Theatrical | $39.0M | 1% |
