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爱彼迎（ABNB）与SEABOARD CORP（SEB）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SEABOARD CORP的1.2倍（$2.8B vs $2.4B）。爱彼迎净利率更高（12.3% vs 10.6%，领先1.7%）。爱彼迎同比增速更快（12.0% vs -2.9%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
ABNB vs SEB — 直观对比
营收规模更大
ABNB
是对方的1.2倍
$2.4B
营收增速更快
ABNB
高出14.9%
-2.9%
净利率更高
ABNB
高出1.7%
10.6%
两年增速更快
ABNB
近两年复合增速
4.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.4B |
| 净利润 | $341.0M | $255.0M |
| 毛利率 | 82.5% | 7.9% |
| 营业利润率 | 9.7% | 2.7% |
| 净利率 | 12.3% | 10.6% |
| 营收同比 | 12.0% | -2.9% |
| 净利润同比 | -26.0% | 63.5% |
| 每股收益（稀释后） | — | $262.58 |
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ABNBSEB
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $4.1B | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.5B | $2.5B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B | ||
| Q1 24 | $2.1B | $2.2B |
净利润ABNBSEB
| Q4 25 | $341.0M | $255.0M | ||
| Q3 25 | $1.4B | $110.0M | ||
| Q2 25 | $642.0M | $104.0M | ||
| Q1 25 | $154.0M | $32.0M | ||
| Q4 24 | $461.0M | $156.0M | ||
| Q3 24 | $1.4B | $-149.0M | ||
| Q2 24 | $555.0M | $61.0M | ||
| Q1 24 | $264.0M | $22.0M |
毛利率ABNBSEB
| Q4 25 | 82.5% | 7.9% | ||
| Q3 25 | 86.6% | 7.8% | ||
| Q2 25 | 82.4% | 6.5% | ||
| Q1 25 | 77.7% | 6.1% | ||
| Q4 24 | 82.8% | 9.0% | ||
| Q3 24 | 87.5% | 6.2% | ||
| Q2 24 | 81.6% | 5.8% | ||
| Q1 24 | 77.6% | 4.0% |
营业利润率ABNBSEB
| Q4 25 | 9.7% | 2.7% | ||
| Q3 25 | 39.7% | 3.3% | ||
| Q2 25 | 19.8% | 2.1% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 17.3% | 4.6% | ||
| Q3 24 | 40.9% | 1.4% | ||
| Q2 24 | 18.1% | 1.4% | ||
| Q1 24 | 4.7% | -0.9% |
净利率ABNBSEB
| Q4 25 | 12.3% | 10.6% | ||
| Q3 25 | 33.6% | 4.3% | ||
| Q2 25 | 20.7% | 4.2% | ||
| Q1 25 | 6.8% | 1.4% | ||
| Q4 24 | 18.6% | 6.3% | ||
| Q3 24 | 36.7% | -6.7% | ||
| Q2 24 | 20.2% | 2.8% | ||
| Q1 24 | 12.3% | 1.0% |
每股收益（稀释后）ABNBSEB
| Q4 25 | — | $262.58 | ||
| Q3 25 | — | $113.71 | ||
| Q2 25 | — | $105.22 | ||
| Q1 25 | — | $32.95 | ||
| Q4 24 | — | $158.58 | ||
| Q3 24 | — | $-153.44 | ||
| Q2 24 | — | $62.82 | ||
| Q1 24 | — | $22.66 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $5.2B |
| 总资产 | $22.2B | $8.2B |
| 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ABNBSEB
| Q4 25 | $11.0B | $1.2B | ||
| Q3 25 | $11.7B | $1.2B | ||
| Q2 25 | $11.4B | $1.1B | ||
| Q1 25 | $11.5B | $1.1B | ||
| Q4 24 | $10.6B | $1.2B | ||
| Q3 24 | $11.3B | $1.2B | ||
| Q2 24 | $11.3B | $1.2B | ||
| Q1 24 | $11.1B | $1.2B |
股东权益ABNBSEB
| Q4 25 | $8.2B | $5.2B | ||
| Q3 25 | $8.6B | $5.0B | ||
| Q2 25 | $7.8B | $4.8B | ||
| Q1 25 | $7.9B | $4.7B | ||
| Q4 24 | $8.4B | $4.7B | ||
| Q3 24 | $8.5B | $4.5B | ||
| Q2 24 | $8.0B | $4.7B | ||
| Q1 24 | $7.9B | $4.6B |
总资产ABNBSEB
| Q4 25 | $22.2B | $8.2B | ||
| Q3 25 | $23.1B | $8.0B | ||
| Q2 25 | $27.0B | $7.9B | ||
| Q1 25 | $25.1B | $7.6B | ||
| Q4 24 | $21.0B | $7.7B | ||
| Q3 24 | $22.2B | $7.5B | ||
| Q2 24 | $26.3B | $7.7B | ||
| Q1 24 | $24.5B | $7.6B |
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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | — | $53.0M |
| 自由现金流率自由现金流/营收 | — | 2.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $6.0M |
8季度趋势，按日历期对齐
经营现金流ABNBSEB
| Q4 25 | $526.0M | $188.0M | ||
| Q3 25 | $1.4B | $319.0M | ||
| Q2 25 | $975.0M | $81.0M | ||
| Q1 25 | $1.8B | $-20.0M | ||
| Q4 24 | $466.0M | $300.0M | ||
| Q3 24 | $1.1B | $194.0M | ||
| Q2 24 | $1.1B | $6.0M | ||
| Q1 24 | $1.9B | $19.0M |
自由现金流ABNBSEB
| Q4 25 | — | $53.0M | ||
| Q3 25 | — | $152.0M | ||
| Q2 25 | — | $-70.0M | ||
| Q1 25 | — | $-129.0M | ||
| Q4 24 | — | $162.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $-127.0M | ||
| Q1 24 | — | $-85.0M |
自由现金流率ABNBSEB
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | — | -5.6% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | -5.7% | ||
| Q1 24 | — | -3.9% |
资本支出强度ABNBSEB
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 4.7% |
现金转化率ABNBSEB
| Q4 25 | 1.54× | 0.74× | ||
| Q3 25 | 0.99× | 2.90× | ||
| Q2 25 | 1.52× | 0.78× | ||
| Q1 25 | 11.62× | -0.63× | ||
| Q4 24 | 1.01× | 1.92× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 0.10× | ||
| Q1 24 | 7.28× | 0.86× |
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% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
