vs
爱彼迎（ABNB）与TILLY'S, INC.（TLYS）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TILLY'S, INC.的19.9倍（$2.8B vs $139.6M）。爱彼迎净利率更高（12.3% vs -1.0%，领先13.3%）。爱彼迎同比增速更快（12.0% vs -2.7%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -8.4%）
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。
Tillys是一家美国服饰零售企业，主营各类品牌成衣、配饰、鞋履及相关周边产品，公司总部位于加利福尼亚州欧文市，并在此开展核心运营业务。
ABNB vs TLYS — 直观对比
营收规模更大
ABNB
是对方的19.9倍
$139.6M
营收增速更快
ABNB
高出14.7%
-2.7%
净利率更高
ABNB
高出13.3%
-1.0%
两年增速更快
ABNB
近两年复合增速
-8.4%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $139.6M |
| 净利润 | $341.0M | $-1.4M |
| 毛利率 | 82.5% | 30.5% |
| 营业利润率 | 9.7% | -1.4% |
| 净利率 | 12.3% | -1.0% |
| 营收同比 | 12.0% | -2.7% |
| 净利润同比 | -26.0% | 89.1% |
| 每股收益（稀释后） | — | — |
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ABNBTLYS
| Q4 25 | $2.8B | $139.6M | ||
| Q3 25 | $4.1B | $151.3M | ||
| Q2 25 | $3.1B | $107.6M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | $143.4M | ||
| Q3 24 | $3.7B | $162.9M | ||
| Q2 24 | $2.7B | $115.9M | ||
| Q1 24 | $2.1B | — |
净利润ABNBTLYS
| Q4 25 | $341.0M | $-1.4M | ||
| Q3 25 | $1.4B | $3.2M | ||
| Q2 25 | $642.0M | $-22.2M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | $-12.9M | ||
| Q3 24 | $1.4B | $-69.0K | ||
| Q2 24 | $555.0M | $-19.6M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBTLYS
| Q4 25 | 82.5% | 30.5% | ||
| Q3 25 | 86.6% | 32.5% | ||
| Q2 25 | 82.4% | 19.8% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | 25.9% | ||
| Q3 24 | 87.5% | 30.7% | ||
| Q2 24 | 81.6% | 21.0% | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBTLYS
| Q4 25 | 9.7% | -1.4% | ||
| Q3 25 | 39.7% | 1.8% | ||
| Q2 25 | 19.8% | -21.1% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | -9.8% | ||
| Q3 24 | 40.9% | -0.5% | ||
| Q2 24 | 18.1% | -17.9% | ||
| Q1 24 | 4.7% | — |
净利率ABNBTLYS
| Q4 25 | 12.3% | -1.0% | ||
| Q3 25 | 33.6% | 2.1% | ||
| Q2 25 | 20.7% | -20.6% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | -9.0% | ||
| Q3 24 | 36.7% | -0.0% | ||
| Q2 24 | 20.2% | -16.9% | ||
| Q1 24 | 12.3% | — |
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 | $39.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $81.6M |
| 总资产 | $22.2B | $317.1M |
| 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ABNBTLYS
| Q4 25 | $11.0B | $39.0M | ||
| Q3 25 | $11.7B | $50.7M | ||
| Q2 25 | $11.4B | $37.2M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | $51.7M | ||
| Q3 24 | $11.3B | $76.7M | ||
| Q2 24 | $11.3B | $68.0M | ||
| Q1 24 | $11.1B | — |
股东权益ABNBTLYS
| Q4 25 | $8.2B | $81.6M | ||
| Q3 25 | $8.6B | $82.5M | ||
| Q2 25 | $7.8B | $79.1M | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | $114.3M | ||
| Q3 24 | $8.5B | $126.8M | ||
| Q2 24 | $8.0B | $126.0M | ||
| Q1 24 | $7.9B | — |
总资产ABNBTLYS
| Q4 25 | $22.2B | $317.1M | ||
| Q3 25 | $23.1B | $345.5M | ||
| Q2 25 | $27.0B | $334.2M | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | $387.3M | ||
| Q3 24 | $22.2B | $429.2M | ||
| Q2 24 | $26.3B | $410.0M | ||
| Q1 24 | $24.5B | — |
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 | $-10.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-11.7M |
| 自由现金流率自由现金流/营收 | — | -8.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $-32.9M |
8季度趋势，按日历期对齐
经营现金流ABNBTLYS
| Q4 25 | $526.0M | $-10.4M | ||
| Q3 25 | $1.4B | $14.0M | ||
| Q2 25 | $975.0M | $-8.1M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | — | ||
| Q3 24 | $1.1B | $10.5M | ||
| Q2 24 | $1.1B | $-25.7M | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBTLYS
| Q4 25 | — | $-11.7M | ||
| Q3 25 | — | $13.4M | ||
| Q2 25 | — | $-9.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | — | $-27.8M | ||
| Q1 24 | — | — |
自由现金流率ABNBTLYS
| Q4 25 | — | -8.4% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | -9.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | -24.0% | ||
| Q1 24 | — | — |
资本支出强度ABNBTLYS
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | — |
现金转化率ABNBTLYS
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 4.41× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | — | ||
| 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% |
TLYS
| Retail Store | $110.3M | 79% |
| Ecommerce | $29.3M | 21% |
| Customer Loyalty Program | $1.6M | 1% |
