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爱彼迎（ABNB）与RELIANCE, INC.（RS）财务数据对比。点击上方公司名可切换其他公司
RELIANCE, INC.的季度营收约是爱彼迎的1.3倍（$3.5B vs $2.8B）。爱彼迎净利率更高（12.3% vs 3.3%，领先8.9%）。爱彼迎同比增速更快（12.0% vs 11.9%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -2.0%）
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。
Reliance, Inc.总部位于美国亚利桑那州斯科茨代尔，是北美规模最大的金属服务中心运营商。公司为12.5万家制造商、加工厂等客户提供金属加工服务，经销铝、黄铜、合金、铜、碳钢、不锈钢、钛等约10万种金属及特种金属产品。
ABNB vs RS — 直观对比
营收规模更大
RS
是对方的1.3倍
$2.8B
营收增速更快
ABNB
高出0.1%
11.9%
净利率更高
ABNB
高出8.9%
3.3%
两年增速更快
ABNB
近两年复合增速
-2.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.5B |
| 净利润 | $341.0M | $116.9M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 4.8% |
| 净利率 | 12.3% | 3.3% |
| 营收同比 | 12.0% | 11.9% |
| 净利润同比 | -26.0% | 10.3% |
| 每股收益（稀释后） | — | $2.23 |
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ABNBRS
| Q4 25 | $2.8B | $3.5B | ||
| Q3 25 | $4.1B | $3.7B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.5B | $3.1B | ||
| Q3 24 | $3.7B | $3.4B | ||
| Q2 24 | $2.7B | $3.6B | ||
| Q1 24 | $2.1B | $3.6B |
净利润ABNBRS
| Q4 25 | $341.0M | $116.9M | ||
| Q3 25 | $1.4B | $189.5M | ||
| Q2 25 | $642.0M | $234.2M | ||
| Q1 25 | $154.0M | $200.5M | ||
| Q4 24 | $461.0M | $106.0M | ||
| Q3 24 | $1.4B | $199.2M | ||
| Q2 24 | $555.0M | $268.3M | ||
| Q1 24 | $264.0M | $303.8M |
毛利率ABNBRS
| 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ABNBRS
| Q4 25 | 9.7% | 4.8% | ||
| Q3 25 | 39.7% | 7.1% | ||
| Q2 25 | 19.8% | 8.5% | ||
| Q1 25 | 1.7% | 7.9% | ||
| Q4 24 | 17.3% | 4.5% | ||
| Q3 24 | 40.9% | 8.0% | ||
| Q2 24 | 18.1% | 9.7% | ||
| Q1 24 | 4.7% | 10.8% |
净利率ABNBRS
| Q4 25 | 12.3% | 3.3% | ||
| Q3 25 | 33.6% | 5.2% | ||
| Q2 25 | 20.7% | 6.4% | ||
| Q1 25 | 6.8% | 5.8% | ||
| Q4 24 | 18.6% | 3.4% | ||
| Q3 24 | 36.7% | 5.8% | ||
| Q2 24 | 20.2% | 7.4% | ||
| Q1 24 | 12.3% | 8.3% |
每股收益（稀释后）ABNBRS
| Q4 25 | — | $2.23 | ||
| Q3 25 | — | $3.59 | ||
| Q2 25 | — | $4.42 | ||
| Q1 25 | — | $3.74 | ||
| Q4 24 | — | $2.05 | ||
| Q3 24 | — | $3.61 | ||
| Q2 24 | — | $4.67 | ||
| Q1 24 | — | $5.23 |
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 | $216.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $7.2B |
| 总资产 | $22.2B | $10.4B |
| 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ABNBRS
| Q4 25 | $11.0B | $216.6M | ||
| Q3 25 | $11.7B | $261.2M | ||
| Q2 25 | $11.4B | $239.5M | ||
| Q1 25 | $11.5B | $277.8M | ||
| Q4 24 | $10.6B | $318.1M | ||
| Q3 24 | $11.3B | $314.6M | ||
| Q2 24 | $11.3B | $350.8M | ||
| Q1 24 | $11.1B | $934.9M |
股东权益ABNBRS
| Q4 25 | $8.2B | $7.2B | ||
| Q3 25 | $8.6B | $7.3B | ||
| Q2 25 | $7.8B | $7.2B | ||
| Q1 25 | $7.9B | $7.1B | ||
| Q4 24 | $8.4B | $7.2B | ||
| Q3 24 | $8.5B | $7.4B | ||
| Q2 24 | $8.0B | $7.6B | ||
| Q1 24 | $7.9B | $7.9B |
总资产ABNBRS
| Q4 25 | $22.2B | $10.4B | ||
| Q3 25 | $23.1B | $10.5B | ||
| Q2 25 | $27.0B | $10.5B | ||
| Q1 25 | $25.1B | $10.4B | ||
| Q4 24 | $21.0B | $10.0B | ||
| Q3 24 | $22.2B | $10.3B | ||
| Q2 24 | $26.3B | $10.4B | ||
| Q1 24 | $24.5B | $10.7B |
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 | $276.1M |
| 自由现金流经营现金流 - 资本支出 | — | $202.9M |
| 自由现金流率自由现金流/营收 | — | 5.8% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 2.36× |
| 过去12个月自由现金流最近4个季度 | — | $502.5M |
8季度趋势，按日历期对齐
经营现金流ABNBRS
| Q4 25 | $526.0M | $276.1M | ||
| Q3 25 | $1.4B | $261.8M | ||
| Q2 25 | $975.0M | $229.0M | ||
| Q1 25 | $1.8B | $64.5M | ||
| Q4 24 | $466.0M | $473.3M | ||
| Q3 24 | $1.1B | $463.9M | ||
| Q2 24 | $1.1B | $366.3M | ||
| Q1 24 | $1.9B | $126.3M |
自由现金流ABNBRS
| Q4 25 | — | $202.9M | ||
| Q3 25 | — | $180.6M | ||
| Q2 25 | — | $141.4M | ||
| Q1 25 | — | $-22.4M | ||
| Q4 24 | — | $362.4M | ||
| Q3 24 | — | $351.1M | ||
| Q2 24 | — | $268.1M | ||
| Q1 24 | — | $17.6M |
自由现金流率ABNBRS
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 0.5% |
资本支出强度ABNBRS
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 3.0% |
现金转化率ABNBRS
| Q4 25 | 1.54× | 2.36× | ||
| Q3 25 | 0.99× | 1.38× | ||
| Q2 25 | 1.52× | 0.98× | ||
| Q1 25 | 11.62× | 0.32× | ||
| Q4 24 | 1.01× | 4.47× | ||
| Q3 24 | 0.79× | 2.33× | ||
| Q2 24 | 1.89× | 1.37× | ||
| Q1 24 | 7.28× | 0.42× |
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% |
RS
| Carbon Steel | $1.9B | 55% |
| Aluminum | $624.5M | 18% |
| Stainless Steel | $467.1M | 13% |
| Alloy Steel | $155.5M | 4% |
| Toll Processing | $155.3M | 4% |
| Copper And Brass | $93.5M | 3% |
| Other Products Or Services | $80.4M | 2% |
