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爱彼迎（ABNB）与Shake Shack Inc.（SHAK）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Shake Shack Inc.的6.9倍（$2.8B vs $400.5M）。爱彼迎净利率更高（12.3% vs 3.0%，领先9.3%）。Shake Shack Inc.同比增速更快（21.9% vs 12.0%）。过去两年Shake Shack Inc.的营收复合增速更高（17.4% vs 13.9%）
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。
Shake Shack是源自美国纽约的跨国休闲快餐连锁品牌，2001年以麦迪逊广场公园内的热狗餐车起家，人气逐步攀升。2004年品牌获得许可在公园内开设永久门店，菜单也从最初的纽约风味热狗，拓展至汉堡、薯条以及同名奶昔等多款餐品。
ABNB vs SHAK — 直观对比
营收规模更大
ABNB
是对方的6.9倍
$400.5M
营收增速更快
SHAK
高出9.8%
12.0%
净利率更高
ABNB
高出9.3%
3.0%
两年增速更快
SHAK
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $400.5M |
| 净利润 | $341.0M | $11.8M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 4.7% |
| 净利率 | 12.3% | 3.0% |
| 营收同比 | 12.0% | 21.9% |
| 净利润同比 | -26.0% | 35.8% |
| 每股收益（稀释后） | — | $0.28 |
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ABNBSHAK
| Q4 25 | $2.8B | $400.5M | ||
| Q3 25 | $4.1B | $367.4M | ||
| Q2 25 | $3.1B | $356.5M | ||
| Q1 25 | $2.3B | $320.9M | ||
| Q4 24 | $2.5B | $328.7M | ||
| Q3 24 | $3.7B | $316.9M | ||
| Q2 24 | $2.7B | $316.5M | ||
| Q1 24 | $2.1B | $290.5M |
净利润ABNBSHAK
| Q4 25 | $341.0M | $11.8M | ||
| Q3 25 | $1.4B | $12.5M | ||
| Q2 25 | $642.0M | $17.1M | ||
| Q1 25 | $154.0M | $4.2M | ||
| Q4 24 | $461.0M | $8.7M | ||
| Q3 24 | $1.4B | $-10.2M | ||
| Q2 24 | $555.0M | $9.7M | ||
| Q1 24 | $264.0M | $2.0M |
毛利率ABNBSHAK
| 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ABNBSHAK
| Q4 25 | 9.7% | 4.7% | ||
| Q3 25 | 39.7% | 5.0% | ||
| Q2 25 | 19.8% | 6.3% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 17.3% | 3.1% | ||
| Q3 24 | 40.9% | -5.7% | ||
| Q2 24 | 18.1% | 3.4% | ||
| Q1 24 | 4.7% | 0.0% |
净利率ABNBSHAK
| Q4 25 | 12.3% | 3.0% | ||
| Q3 25 | 33.6% | 3.4% | ||
| Q2 25 | 20.7% | 4.8% | ||
| Q1 25 | 6.8% | 1.3% | ||
| Q4 24 | 18.6% | 2.6% | ||
| Q3 24 | 36.7% | -3.2% | ||
| Q2 24 | 20.2% | 3.1% | ||
| Q1 24 | 12.3% | 0.7% |
每股收益（稀释后）ABNBSHAK
| Q4 25 | — | $0.28 | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $-0.26 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.05 |
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 | $360.1M |
| 总债务越低越好 | — | $247.7M |
| 股东权益账面价值 | $8.2B | $525.3M |
| 总资产 | $22.2B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ABNBSHAK
| Q4 25 | $11.0B | $360.1M | ||
| Q3 25 | $11.7B | $357.8M | ||
| Q2 25 | $11.4B | $336.8M | ||
| Q1 25 | $11.5B | $312.9M | ||
| Q4 24 | $10.6B | $320.7M | ||
| Q3 24 | $11.3B | $310.9M | ||
| Q2 24 | $11.3B | $304.4M | ||
| Q1 24 | $11.1B | $284.8M |
总债务ABNBSHAK
| Q4 25 | — | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M | ||
| Q1 24 | — | $245.9M |
股东权益ABNBSHAK
| Q4 25 | $8.2B | $525.3M | ||
| Q3 25 | $8.6B | $509.0M | ||
| Q2 25 | $7.8B | $494.1M | ||
| Q1 25 | $7.9B | $473.3M | ||
| Q4 24 | $8.4B | $470.0M | ||
| Q3 24 | $8.5B | $456.1M | ||
| Q2 24 | $8.0B | $462.4M | ||
| Q1 24 | $7.9B | $446.4M |
总资产ABNBSHAK
| Q4 25 | $22.2B | $1.9B | ||
| Q3 25 | $23.1B | $1.8B | ||
| Q2 25 | $27.0B | $1.8B | ||
| Q1 25 | $25.1B | $1.7B | ||
| Q4 24 | $21.0B | $1.7B | ||
| Q3 24 | $22.2B | $1.7B | ||
| Q2 24 | $26.3B | $1.7B | ||
| Q1 24 | $24.5B | $1.6B |
负债/权益比ABNBSHAK
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.55× |
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 | $63.1M |
| 自由现金流经营现金流 - 资本支出 | — | $4.0M |
| 自由现金流率自由现金流/营收 | — | 1.0% |
| 资本支出强度资本支出/营收 | — | 14.8% |
| 现金转化率经营现金流/净利润 | 1.54× | 5.34× |
| 过去12个月自由现金流最近4个季度 | — | $56.5M |
8季度趋势，按日历期对齐
经营现金流ABNBSHAK
| Q4 25 | $526.0M | $63.1M | ||
| Q3 25 | $1.4B | $63.0M | ||
| Q2 25 | $975.0M | $65.0M | ||
| Q1 25 | $1.8B | $31.2M | ||
| Q4 24 | $466.0M | $45.1M | ||
| Q3 24 | $1.1B | $41.9M | ||
| Q2 24 | $1.1B | $53.5M | ||
| Q1 24 | $1.9B | $30.7M |
自由现金流ABNBSHAK
| Q4 25 | — | $4.0M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $10.4M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $-2.4M |
自由现金流率ABNBSHAK
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | -0.8% |
资本支出强度ABNBSHAK
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.4% |
现金转化率ABNBSHAK
| Q4 25 | 1.54× | 5.34× | ||
| Q3 25 | 0.99× | 5.04× | ||
| Q2 25 | 1.52× | 3.79× | ||
| Q1 25 | 11.62× | 7.36× | ||
| Q4 24 | 1.01× | 5.18× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 5.54× | ||
| Q1 24 | 7.28× | 15.03× |
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% |
SHAK
暂无分部数据
