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爱彼迎（ABNB）与U-Haul Holding Co（UHAL）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U-Haul Holding Co的2.0倍（$2.8B vs $1.4B）。爱彼迎净利率更高（12.3% vs 2.6%，领先9.7%）。爱彼迎同比增速更快（12.0% vs 1.9%）
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。
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
ABNB vs UHAL — 直观对比
营收规模更大
ABNB
是对方的2.0倍
$1.4B
营收增速更快
ABNB
高出10.1%
1.9%
净利率更高
ABNB
高出9.7%
2.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.4B |
| 净利润 | $341.0M | $37.0M |
| 毛利率 | 82.5% | 96.4% |
| 营业利润率 | 9.7% | 2.4% |
| 净利率 | 12.3% | 2.6% |
| 营收同比 | 12.0% | 1.9% |
| 净利润同比 | -26.0% | -45.0% |
| 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ABNBUHAL
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $4.1B | $1.7B | ||
| Q2 25 | $3.1B | $232.1M | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $2.7B | $213.9M | ||
| Q1 24 | $2.1B | — |
净利润ABNBUHAL
| Q4 25 | $341.0M | $37.0M | ||
| Q3 25 | $1.4B | $105.5M | ||
| Q2 25 | $642.0M | $142.3M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $461.0M | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $555.0M | $195.4M | ||
| Q1 24 | $264.0M | — |
毛利率ABNBUHAL
| Q4 25 | 82.5% | 96.4% | ||
| Q3 25 | 86.6% | 96.1% | ||
| Q2 25 | 82.4% | 68.9% | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | 69.1% | ||
| Q1 24 | 77.6% | — |
营业利润率ABNBUHAL
| Q4 25 | 9.7% | 2.4% | ||
| Q3 25 | 39.7% | 12.7% | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 40.9% | — | ||
| Q2 24 | 18.1% | — | ||
| Q1 24 | 4.7% | — |
净利率ABNBUHAL
| Q4 25 | 12.3% | 2.6% | ||
| Q3 25 | 33.6% | 6.1% | ||
| Q2 25 | 20.7% | 61.3% | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 36.7% | — | ||
| Q2 24 | 20.2% | 91.4% | ||
| 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 | $1.0B |
| 总债务越低越好 | — | $8.1B |
| 股东权益账面价值 | $8.2B | $7.7B |
| 总资产 | $22.2B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资ABNBUHAL
| Q4 25 | $11.0B | $1.0B | ||
| Q3 25 | $11.7B | $1.1B | ||
| Q2 25 | $11.4B | $877.2M | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | $1.2B | ||
| Q1 24 | $11.1B | — |
总债务ABNBUHAL
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBUHAL
| Q4 25 | $8.2B | $7.7B | ||
| Q3 25 | $8.6B | $7.8B | ||
| Q2 25 | $7.8B | $7.7B | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.0B | $7.4B | ||
| Q1 24 | $7.9B | — |
总资产ABNBUHAL
| Q4 25 | $22.2B | $21.6B | ||
| Q3 25 | $23.1B | $21.4B | ||
| Q2 25 | $27.0B | $20.8B | ||
| Q1 25 | $25.1B | — | ||
| Q4 24 | $21.0B | — | ||
| Q3 24 | $22.2B | — | ||
| Q2 24 | $26.3B | $19.3B | ||
| Q1 24 | $24.5B | — |
负债/权益比ABNBUHAL
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $240.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-447.6M |
| 自由现金流率自由现金流/营收 | — | -31.6% |
| 资本支出强度资本支出/营收 | — | 48.6% |
| 现金转化率经营现金流/净利润 | 1.54× | 6.51× |
| 过去12个月自由现金流最近4个季度 | — | $-1.7B |
8季度趋势，按日历期对齐
经营现金流ABNBUHAL
| Q4 25 | $526.0M | $240.6M | ||
| Q3 25 | $1.4B | $551.6M | ||
| Q2 25 | $975.0M | $598.4M | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $466.0M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | $453.9M | ||
| Q1 24 | $1.9B | — |
自由现金流ABNBUHAL
| Q4 25 | — | $-447.6M | ||
| Q3 25 | — | $-446.3M | ||
| Q2 25 | — | $-318.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-509.3M | ||
| Q1 24 | — | — |
自由现金流率ABNBUHAL
| Q4 25 | — | -31.6% | ||
| Q3 25 | — | -25.9% | ||
| Q2 25 | — | -137.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -238.1% | ||
| Q1 24 | — | — |
资本支出强度ABNBUHAL
| Q4 25 | — | 48.6% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | — | 395.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 450.3% | ||
| Q1 24 | — | — |
现金转化率ABNBUHAL
| Q4 25 | 1.54× | 6.51× | ||
| Q3 25 | 0.99× | 5.23× | ||
| Q2 25 | 1.52× | 4.20× | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 2.32× | ||
| 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% |
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
