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爱彼迎（ABNB）与Ryerson Holding Corp（RYI）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Ryerson Holding Corp的2.5倍（$2.8B vs $1.1B）。爱彼迎净利率更高（12.3% vs -3.4%，领先15.7%）。爱彼迎同比增速更快（12.0% vs 9.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
ABNB vs RYI — 直观对比
营收规模更大
ABNB
是对方的2.5倍
$1.1B
营收增速更快
ABNB
高出2.3%
9.7%
净利率更高
ABNB
高出15.7%
-3.4%
两年增速更快
ABNB
近两年复合增速
-5.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.1B |
| 净利润 | $341.0M | $-37.9M |
| 毛利率 | 82.5% | 15.3% |
| 营业利润率 | 9.7% | -3.4% |
| 净利率 | 12.3% | -3.4% |
| 营收同比 | 12.0% | 9.7% |
| 净利润同比 | -26.0% | -781.4% |
| 每股收益（稀释后） | — | $-1.18 |
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ABNBRYI
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $3.7B | $1.1B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
净利润ABNBRYI
| Q4 25 | $341.0M | $-37.9M | ||
| Q3 25 | $1.4B | $-14.8M | ||
| Q2 25 | $642.0M | $1.9M | ||
| Q1 25 | $154.0M | $-5.6M | ||
| Q4 24 | $461.0M | $-4.3M | ||
| Q3 24 | $1.4B | $-6.6M | ||
| Q2 24 | $555.0M | $9.9M | ||
| Q1 24 | $264.0M | $-7.6M |
毛利率ABNBRYI
| Q4 25 | 82.5% | 15.3% | ||
| Q3 25 | 86.6% | 17.2% | ||
| Q2 25 | 82.4% | 17.9% | ||
| Q1 25 | 77.7% | 18.0% | ||
| Q4 24 | 82.8% | 19.0% | ||
| Q3 24 | 87.5% | 17.9% | ||
| Q2 24 | 81.6% | 18.2% | ||
| Q1 24 | 77.6% | 17.6% |
营业利润率ABNBRYI
| Q4 25 | 9.7% | -3.4% | ||
| Q3 25 | 39.7% | -0.1% | ||
| Q2 25 | 19.8% | 0.5% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 17.3% | 0.3% | ||
| Q3 24 | 40.9% | 0.5% | ||
| Q2 24 | 18.1% | 1.9% | ||
| Q1 24 | 4.7% | 0.1% |
净利率ABNBRYI
| Q4 25 | 12.3% | -3.4% | ||
| Q3 25 | 33.6% | -1.3% | ||
| Q2 25 | 20.7% | 0.2% | ||
| Q1 25 | 6.8% | -0.5% | ||
| Q4 24 | 18.6% | -0.4% | ||
| Q3 24 | 36.7% | -0.6% | ||
| Q2 24 | 20.2% | 0.8% | ||
| Q1 24 | 12.3% | -0.6% |
每股收益（稀释后）ABNBRYI
| Q4 25 | — | $-1.18 | ||
| Q3 25 | — | $-0.46 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $-0.20 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $-0.22 |
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 | $26.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $753.1M |
| 总资产 | $22.2B | $2.4B |
| 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ABNBRYI
| Q4 25 | $11.0B | $26.9M | ||
| Q3 25 | $11.7B | $29.8M | ||
| Q2 25 | $11.4B | $30.8M | ||
| Q1 25 | $11.5B | $33.6M | ||
| Q4 24 | $10.6B | $27.7M | ||
| Q3 24 | $11.3B | $35.0M | ||
| Q2 24 | $11.3B | $28.0M | ||
| Q1 24 | $11.1B | $41.9M |
股东权益ABNBRYI
| Q4 25 | $8.2B | $753.1M | ||
| Q3 25 | $8.6B | $787.3M | ||
| Q2 25 | $7.8B | $811.5M | ||
| Q1 25 | $7.9B | $803.9M | ||
| Q4 24 | $8.4B | $815.3M | ||
| Q3 24 | $8.5B | $832.9M | ||
| Q2 24 | $8.0B | $877.9M | ||
| Q1 24 | $7.9B | $888.5M |
总资产ABNBRYI
| Q4 25 | $22.2B | $2.4B | ||
| Q3 25 | $23.1B | $2.5B | ||
| Q2 25 | $27.0B | $2.5B | ||
| Q1 25 | $25.1B | $2.5B | ||
| Q4 24 | $21.0B | $2.4B | ||
| Q3 24 | $22.2B | $2.5B | ||
| Q2 24 | $26.3B | $2.6B | ||
| Q1 24 | $24.5B | $2.7B |
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 | $112.7M |
| 自由现金流经营现金流 - 资本支出 | — | $91.9M |
| 自由现金流率自由现金流/营收 | — | 8.3% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 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 | — | $35.5M |
8季度趋势，按日历期对齐
经营现金流ABNBRYI
| Q4 25 | $526.0M | $112.7M | ||
| Q3 25 | $1.4B | $-8.3M | ||
| Q2 25 | $975.0M | $23.8M | ||
| Q1 25 | $1.8B | $-41.2M | ||
| Q4 24 | $466.0M | $92.2M | ||
| Q3 24 | $1.1B | $134.6M | ||
| Q2 24 | $1.1B | $25.9M | ||
| Q1 24 | $1.9B | $-47.8M |
自由现金流ABNBRYI
| Q4 25 | — | $91.9M | ||
| Q3 25 | — | $-21.1M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | — | $-49.2M | ||
| Q4 24 | — | $68.7M | ||
| Q3 24 | — | $103.0M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $-69.6M |
自由现金流率ABNBRYI
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | -5.6% |
资本支出强度ABNBRYI
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.8% |
现金转化率ABNBRYI
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | 12.53× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 2.62× | ||
| 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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
