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爱彼迎（ABNB）与VINCE HOLDING CORP.（VNCE）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VINCE HOLDING CORP.的32.6倍（$2.8B vs $85.1M）。爱彼迎净利率更高（12.3% vs 3.2%，领先9.1%）。爱彼迎同比增速更快（12.0% vs 6.2%）。过去两年爱彼迎的营收复合增速更高（13.9% vs 6.3%）
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。
Vince是创立于2002年的现代时装品牌，主打简约高级的日常服饰，深受都市消费者喜爱。2023年，Authentic Brands Group以7650万美元收购了该品牌的知识产权。
ABNB vs VNCE — 直观对比
营收规模更大
ABNB
是对方的32.6倍
$85.1M
营收增速更快
ABNB
高出5.8%
6.2%
净利率更高
ABNB
高出9.1%
3.2%
两年增速更快
ABNB
近两年复合增速
6.3%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $85.1M |
| 净利润 | $341.0M | $2.7M |
| 毛利率 | 82.5% | 49.2% |
| 营业利润率 | 9.7% | 6.4% |
| 净利率 | 12.3% | 3.2% |
| 营收同比 | 12.0% | 6.2% |
| 净利润同比 | -26.0% | -37.3% |
| 每股收益（稀释后） | — | $0.21 |
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ABNBVNCE
| Q4 25 | $2.8B | $85.1M | ||
| Q3 25 | $4.1B | $73.2M | ||
| Q2 25 | $3.1B | $57.9M | ||
| Q1 25 | $2.3B | $80.0M | ||
| Q4 24 | $2.5B | $80.2M | ||
| Q3 24 | $3.7B | $74.2M | ||
| Q2 24 | $2.7B | $59.2M | ||
| Q1 24 | $2.1B | $75.3M |
净利润ABNBVNCE
| Q4 25 | $341.0M | $2.7M | ||
| Q3 25 | $1.4B | $12.1M | ||
| Q2 25 | $642.0M | $-4.8M | ||
| Q1 25 | $154.0M | $-28.3M | ||
| Q4 24 | $461.0M | $4.3M | ||
| Q3 24 | $1.4B | $569.0K | ||
| Q2 24 | $555.0M | $4.4M | ||
| Q1 24 | $264.0M | $-4.7M |
毛利率ABNBVNCE
| Q4 25 | 82.5% | 49.2% | ||
| Q3 25 | 86.6% | 50.4% | ||
| Q2 25 | 82.4% | 50.3% | ||
| Q1 25 | 77.7% | 50.1% | ||
| Q4 24 | 82.8% | 50.0% | ||
| Q3 24 | 87.5% | 47.4% | ||
| Q2 24 | 81.6% | 50.6% | ||
| Q1 24 | 77.6% | 45.4% |
营业利润率ABNBVNCE
| Q4 25 | 9.7% | 6.4% | ||
| Q3 25 | 39.7% | 15.2% | ||
| Q2 25 | 19.8% | -7.7% | ||
| Q1 25 | 1.7% | -37.1% | ||
| Q4 24 | 17.3% | 7.2% | ||
| Q3 24 | 40.9% | 1.5% | ||
| Q2 24 | 18.1% | 9.5% | ||
| Q1 24 | 4.7% | -2.2% |
净利率ABNBVNCE
| Q4 25 | 12.3% | 3.2% | ||
| Q3 25 | 33.6% | 16.5% | ||
| Q2 25 | 20.7% | -8.3% | ||
| Q1 25 | 6.8% | -35.5% | ||
| Q4 24 | 18.6% | 5.4% | ||
| Q3 24 | 36.7% | 0.8% | ||
| Q2 24 | 20.2% | 7.4% | ||
| Q1 24 | 12.3% | -6.2% |
每股收益（稀释后）ABNBVNCE
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | — | $-0.37 | ||
| Q1 25 | — | $-2.25 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $1.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $53.4M |
| 总资产 | $22.2B | $246.0M |
| 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ABNBVNCE
| Q4 25 | $11.0B | $1.1M | ||
| Q3 25 | $11.7B | $777.0K | ||
| Q2 25 | $11.4B | $2.6M | ||
| Q1 25 | $11.5B | $607.0K | ||
| Q4 24 | $10.6B | $892.0K | ||
| Q3 24 | $11.3B | $711.0K | ||
| Q2 24 | $11.3B | $739.0K | ||
| Q1 24 | $11.1B | $357.0K |
股东权益ABNBVNCE
| Q4 25 | $8.2B | $53.4M | ||
| Q3 25 | $8.6B | $49.3M | ||
| Q2 25 | $7.8B | $37.2M | ||
| Q1 25 | $7.9B | $41.8M | ||
| Q4 24 | $8.4B | $57.1M | ||
| Q3 24 | $8.5B | $52.4M | ||
| Q2 24 | $8.0B | $51.7M | ||
| Q1 24 | $7.9B | $47.2M |
总资产ABNBVNCE
| Q4 25 | $22.2B | $246.0M | ||
| Q3 25 | $23.1B | $239.0M | ||
| Q2 25 | $27.0B | $218.0M | ||
| Q1 25 | $25.1B | $222.7M | ||
| Q4 24 | $21.0B | $254.7M | ||
| Q3 24 | $22.2B | $253.6M | ||
| Q2 24 | $26.3B | $223.1M | ||
| Q1 24 | $24.5B | $225.1M |
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 | $-5.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-5.7M |
| 自由现金流率自由现金流/营收 | — | -6.7% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 1.54× | -1.86× |
| 过去12个月自由现金流最近4个季度 | — | $4.3M |
8季度趋势，按日历期对齐
经营现金流ABNBVNCE
| Q4 25 | $526.0M | $-5.1M | ||
| Q3 25 | $1.4B | $4.2M | ||
| Q2 25 | $975.0M | $-11.8M | ||
| Q1 25 | $1.8B | $22.7M | ||
| Q4 24 | $466.0M | $6.4M | ||
| Q3 24 | $1.1B | $-3.2M | ||
| Q2 24 | $1.1B | $-3.9M | ||
| Q1 24 | $1.9B | $14.8M |
自由现金流ABNBVNCE
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $14.2M |
自由现金流率ABNBVNCE
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -22.9% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | 18.9% |
资本支出强度ABNBVNCE
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.7% |
现金转化率ABNBVNCE
| Q4 25 | 1.54× | -1.86× | ||
| Q3 25 | 0.99× | 0.35× | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 1.48× | ||
| Q3 24 | 0.79× | -5.61× | ||
| Q2 24 | 1.89× | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
