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爱彼迎（ABNB）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的3.6倍（$2.8B vs $766.5M）。爱彼迎净利率更高（12.3% vs 2.2%，领先10.1%）。爱彼迎同比增速更快（12.0% vs 2.5%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
ABNB vs SCSC — 直观对比
营收规模更大
ABNB
是对方的3.6倍
$766.5M
营收增速更快
ABNB
高出9.5%
2.5%
净利率更高
ABNB
高出10.1%
2.2%
两年增速更快
ABNB
近两年复合增速
0.9%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $766.5M |
| 净利润 | $341.0M | $16.5M |
| 毛利率 | 82.5% | 13.4% |
| 营业利润率 | 9.7% | 2.3% |
| 净利率 | 12.3% | 2.2% |
| 营收同比 | 12.0% | 2.5% |
| 净利润同比 | -26.0% | -3.3% |
| 每股收益（稀释后） | — | $0.75 |
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ABNBSCSC
| Q4 25 | $2.8B | $766.5M | ||
| Q3 25 | $4.1B | $739.6M | ||
| Q2 25 | $3.1B | $812.9M | ||
| Q1 25 | $2.3B | $704.8M | ||
| Q4 24 | $2.5B | $747.5M | ||
| Q3 24 | $3.7B | $775.6M | ||
| Q2 24 | $2.7B | $746.1M | ||
| Q1 24 | $2.1B | $752.6M |
净利润ABNBSCSC
| Q4 25 | $341.0M | $16.5M | ||
| Q3 25 | $1.4B | $19.9M | ||
| Q2 25 | $642.0M | $20.1M | ||
| Q1 25 | $154.0M | $17.4M | ||
| Q4 24 | $461.0M | $17.1M | ||
| Q3 24 | $1.4B | $17.0M | ||
| Q2 24 | $555.0M | $16.1M | ||
| Q1 24 | $264.0M | $12.8M |
毛利率ABNBSCSC
| Q4 25 | 82.5% | 13.4% | ||
| Q3 25 | 86.6% | 14.5% | ||
| Q2 25 | 82.4% | 12.9% | ||
| Q1 25 | 77.7% | 14.2% | ||
| Q4 24 | 82.8% | 13.6% | ||
| Q3 24 | 87.5% | 13.1% | ||
| Q2 24 | 81.6% | 13.0% | ||
| Q1 24 | 77.6% | 12.6% |
营业利润率ABNBSCSC
| Q4 25 | 9.7% | 2.3% | ||
| Q3 25 | 39.7% | 3.5% | ||
| Q2 25 | 19.8% | 3.3% | ||
| Q1 25 | 1.7% | 3.2% | ||
| Q4 24 | 17.3% | 2.5% | ||
| Q3 24 | 40.9% | 2.3% | ||
| Q2 24 | 18.1% | 2.9% | ||
| Q1 24 | 4.7% | 2.3% |
净利率ABNBSCSC
| Q4 25 | 12.3% | 2.2% | ||
| Q3 25 | 33.6% | 2.7% | ||
| Q2 25 | 20.7% | 2.5% | ||
| Q1 25 | 6.8% | 2.5% | ||
| Q4 24 | 18.6% | 2.3% | ||
| Q3 24 | 36.7% | 2.2% | ||
| Q2 24 | 20.2% | 2.2% | ||
| Q1 24 | 12.3% | 1.7% |
每股收益（稀释后）ABNBSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.50 |
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 | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $910.9M |
| 总资产 | $22.2B | $1.7B |
| 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ABNBSCSC
| Q4 25 | $11.0B | $83.5M | ||
| Q3 25 | $11.7B | $124.9M | ||
| Q2 25 | $11.4B | $126.2M | ||
| Q1 25 | $11.5B | $146.3M | ||
| Q4 24 | $10.6B | $110.5M | ||
| Q3 24 | $11.3B | $145.0M | ||
| Q2 24 | $11.3B | $185.5M | ||
| Q1 24 | $11.1B | $159.1M |
股东权益ABNBSCSC
| Q4 25 | $8.2B | $910.9M | ||
| Q3 25 | $8.6B | $914.0M | ||
| Q2 25 | $7.8B | $906.4M | ||
| Q1 25 | $7.9B | $901.7M | ||
| Q4 24 | $8.4B | $900.7M | ||
| Q3 24 | $8.5B | $920.9M | ||
| Q2 24 | $8.0B | $924.3M | ||
| Q1 24 | $7.9B | $944.1M |
总资产ABNBSCSC
| Q4 25 | $22.2B | $1.7B | ||
| Q3 25 | $23.1B | $1.7B | ||
| Q2 25 | $27.0B | $1.8B | ||
| Q1 25 | $25.1B | $1.7B | ||
| Q4 24 | $21.0B | $1.7B | ||
| Q3 24 | $22.2B | $1.8B | ||
| Q2 24 | $26.3B | $1.8B | ||
| Q1 24 | $24.5B | $1.8B |
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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.87× |
| 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ABNBSCSC
| Q4 25 | $526.0M | $30.8M | ||
| Q3 25 | $1.4B | $23.2M | ||
| Q2 25 | $975.0M | — | ||
| Q1 25 | $1.8B | $66.1M | ||
| Q4 24 | $466.0M | $-6.2M | ||
| Q3 24 | $1.1B | $44.8M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.9B | $160.2M |
自由现金流ABNBSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率ABNBSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度ABNBSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率ABNBSCSC
| Q4 25 | 1.54× | 1.87× | ||
| Q3 25 | 0.99× | 1.17× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | 3.79× | ||
| Q4 24 | 1.01× | -0.36× | ||
| Q3 24 | 0.79× | 2.64× | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 7.28× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
