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爱彼迎（ABNB）与URBAN OUTFITTERS INC（URBN）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URBAN OUTFITTERS INC的1.8倍（$2.8B vs $1.5B）。爱彼迎净利率更高（12.3% vs 7.6%，领先4.7%）。URBAN OUTFITTERS INC同比增速更快（12.3% vs 12.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 1.4%）
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。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
ABNB vs URBN — 直观对比
营收规模更大
ABNB
是对方的1.8倍
$1.5B
营收增速更快
URBN
高出0.3%
12.0%
净利率更高
ABNB
高出4.7%
7.6%
两年增速更快
ABNB
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.5B |
| 净利润 | $341.0M | $116.4M |
| 毛利率 | 82.5% | 36.8% |
| 营业利润率 | 9.7% | 9.4% |
| 净利率 | 12.3% | 7.6% |
| 营收同比 | 12.0% | 12.3% |
| 净利润同比 | -26.0% | 13.1% |
| 每股收益（稀释后） | — | $1.28 |
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ABNBURBN
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $4.1B | $1.5B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $3.7B | $1.4B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.1B | $1.5B |
净利润ABNBURBN
| Q4 25 | $341.0M | $116.4M | ||
| Q3 25 | $1.4B | $143.9M | ||
| Q2 25 | $642.0M | $108.3M | ||
| Q1 25 | $154.0M | $120.3M | ||
| Q4 24 | $461.0M | $102.9M | ||
| Q3 24 | $1.4B | $117.5M | ||
| Q2 24 | $555.0M | $61.8M | ||
| Q1 24 | $264.0M | $47.8M |
毛利率ABNBURBN
| Q4 25 | 82.5% | 36.8% | ||
| Q3 25 | 86.6% | 37.6% | ||
| Q2 25 | 82.4% | 36.8% | ||
| Q1 25 | 77.7% | 32.3% | ||
| Q4 24 | 82.8% | 36.5% | ||
| Q3 24 | 87.5% | 36.5% | ||
| Q2 24 | 81.6% | 34.0% | ||
| Q1 24 | 77.6% | 29.2% |
营业利润率ABNBURBN
| Q4 25 | 9.7% | 9.4% | ||
| Q3 25 | 39.7% | 11.6% | ||
| Q2 25 | 19.8% | 9.6% | ||
| Q1 25 | 1.7% | 7.7% | ||
| Q4 24 | 17.3% | 9.4% | ||
| Q3 24 | 40.9% | 10.7% | ||
| Q2 24 | 18.1% | 6.2% | ||
| Q1 24 | 4.7% | 3.9% |
净利率ABNBURBN
| Q4 25 | 12.3% | 7.6% | ||
| Q3 25 | 33.6% | 9.6% | ||
| Q2 25 | 20.7% | 8.1% | ||
| Q1 25 | 6.8% | 7.4% | ||
| Q4 24 | 18.6% | 7.6% | ||
| Q3 24 | 36.7% | 8.7% | ||
| Q2 24 | 20.2% | 5.1% | ||
| Q1 24 | 12.3% | 3.2% |
每股收益（稀释后）ABNBURBN
| Q4 25 | — | $1.28 | ||
| Q3 25 | — | $1.58 | ||
| Q2 25 | — | $1.16 | ||
| Q1 25 | — | $1.27 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | — | $1.24 | ||
| Q2 24 | — | $0.65 | ||
| Q1 24 | — | $0.51 |
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 | $306.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.7B |
| 总资产 | $22.2B | $4.9B |
| 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ABNBURBN
| Q4 25 | $11.0B | $306.6M | ||
| Q3 25 | $11.7B | $332.2M | ||
| Q2 25 | $11.4B | $189.4M | ||
| Q1 25 | $11.5B | $290.5M | ||
| Q4 24 | $10.6B | $182.5M | ||
| Q3 24 | $11.3B | $209.1M | ||
| Q2 24 | $11.3B | $174.0M | ||
| Q1 24 | $11.1B | $178.3M |
股东权益ABNBURBN
| Q4 25 | $8.2B | $2.7B | ||
| Q3 25 | $8.6B | $2.6B | ||
| Q2 25 | $7.8B | $2.4B | ||
| Q1 25 | $7.9B | $2.5B | ||
| Q4 24 | $8.4B | $2.4B | ||
| Q3 24 | $8.5B | $2.2B | ||
| Q2 24 | $8.0B | $2.2B | ||
| Q1 24 | $7.9B | $2.1B |
总资产ABNBURBN
| Q4 25 | $22.2B | $4.9B | ||
| Q3 25 | $23.1B | $4.7B | ||
| Q2 25 | $27.0B | $4.5B | ||
| Q1 25 | $25.1B | $4.5B | ||
| Q4 24 | $21.0B | $4.5B | ||
| Q3 24 | $22.2B | $4.3B | ||
| Q2 24 | $26.3B | $4.2B | ||
| Q1 24 | $24.5B | $4.1B |
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 | $61.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-22.8M |
| 自由现金流率自由现金流/营收 | — | -1.5% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.53× |
| 过去12个月自由现金流最近4个季度 | — | $402.7M |
8季度趋势，按日历期对齐
经营现金流ABNBURBN
| Q4 25 | $526.0M | $61.1M | ||
| Q3 25 | $1.4B | $218.0M | ||
| Q2 25 | $975.0M | $33.0M | ||
| Q1 25 | $1.8B | $320.5M | ||
| Q4 24 | $466.0M | $18.5M | ||
| Q3 24 | $1.1B | $105.3M | ||
| Q2 24 | $1.1B | $58.6M | ||
| Q1 24 | $1.9B | $229.2M |
自由现金流ABNBURBN
| Q4 25 | — | $-22.8M | ||
| Q3 25 | — | $156.6M | ||
| Q2 25 | — | $-13.1M | ||
| Q1 25 | — | $281.9M | ||
| Q4 24 | — | $-26.6M | ||
| Q3 24 | — | $47.5M | ||
| Q2 24 | — | $17.5M | ||
| Q1 24 | — | $180.6M |
自由现金流率ABNBURBN
| Q4 25 | — | -1.5% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | -1.0% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 12.2% |
资本支出强度ABNBURBN
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 3.3% |
现金转化率ABNBURBN
| Q4 25 | 1.54× | 0.53× | ||
| Q3 25 | 0.99× | 1.52× | ||
| Q2 25 | 1.52× | 0.30× | ||
| Q1 25 | 11.62× | 2.66× | ||
| Q4 24 | 1.01× | 0.18× | ||
| Q3 24 | 0.79× | 0.90× | ||
| Q2 24 | 1.89× | 0.95× | ||
| Q1 24 | 7.28× | 4.80× |
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% |
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
