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爱彼迎（ABNB）与Vera Bradley, Inc.（VRA）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Vera Bradley, Inc.的44.6倍（$2.8B vs $62.3M）。爱彼迎净利率更高（12.3% vs -19.9%，领先32.1%）。爱彼迎同比增速更快（12.0% vs -22.7%）。过去两年Vera Bradley, Inc.的营收复合增速更高（16.1% 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。
维拉·布拉德利是源自美国的箱包设计品牌，1982年由两位设计师创立，总部位于印第安纳州韦恩堡。品牌最初主打高档棉质包袋，如今产品已拓展至时尚配饰、家居用品、文具与印花礼品，多数产品以辨识度极高的花卉、佩兹利或几何印花搭配配套里料，风格鲜明。
ABNB vs VRA — 直观对比
营收规模更大
ABNB
是对方的44.6倍
$62.3M
营收增速更快
ABNB
高出34.8%
-22.7%
净利率更高
ABNB
高出32.1%
-19.9%
两年增速更快
VRA
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $62.3M |
| 净利润 | $341.0M | $-12.4M |
| 毛利率 | 82.5% | 42.1% |
| 营业利润率 | 9.7% | -19.6% |
| 净利率 | 12.3% | -19.9% |
| 营收同比 | 12.0% | -22.7% |
| 净利润同比 | -26.0% | 3.4% |
| 每股收益（稀释后） | — | $-0.44 |
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ABNBVRA
| Q4 25 | $2.8B | $62.3M | ||
| Q3 25 | $4.1B | $70.9M | ||
| Q2 25 | $3.1B | $51.7M | ||
| Q1 25 | $2.3B | $100.0M | ||
| Q4 24 | $2.5B | $70.5M | ||
| Q3 24 | $3.7B | $94.0M | ||
| Q2 24 | $2.7B | $67.9M | ||
| Q1 24 | $2.1B | $46.2M |
净利润ABNBVRA
| Q4 25 | $341.0M | $-12.4M | ||
| Q3 25 | $1.4B | $-4.7M | ||
| Q2 25 | $642.0M | $-33.5M | ||
| Q1 25 | $154.0M | $-47.0M | ||
| Q4 24 | $461.0M | $-12.8M | ||
| Q3 24 | $1.4B | $5.7M | ||
| Q2 24 | $555.0M | $-8.1M | ||
| Q1 24 | $264.0M | $-1.9M |
毛利率ABNBVRA
| Q4 25 | 82.5% | 42.1% | ||
| Q3 25 | 86.6% | 50.1% | ||
| Q2 25 | 82.4% | 44.1% | ||
| Q1 25 | 77.7% | 45.0% | ||
| Q4 24 | 82.8% | 54.5% | ||
| Q3 24 | 87.5% | 49.7% | ||
| Q2 24 | 81.6% | 50.1% | ||
| Q1 24 | 77.6% | 37.2% |
营业利润率ABNBVRA
| Q4 25 | 9.7% | -19.6% | ||
| Q3 25 | 39.7% | -6.5% | ||
| Q2 25 | 19.8% | -34.6% | ||
| Q1 25 | 1.7% | -23.3% | ||
| Q4 24 | 17.3% | -11.6% | ||
| Q3 24 | 40.9% | 2.5% | ||
| Q2 24 | 18.1% | -15.6% | ||
| Q1 24 | 4.7% | -3.6% |
净利率ABNBVRA
| Q4 25 | 12.3% | -19.9% | ||
| Q3 25 | 33.6% | -6.6% | ||
| Q2 25 | 20.7% | -64.8% | ||
| Q1 25 | 6.8% | -47.0% | ||
| Q4 24 | 18.6% | -18.2% | ||
| Q3 24 | 36.7% | 6.1% | ||
| Q2 24 | 20.2% | -12.0% | ||
| Q1 24 | 12.3% | -4.0% |
每股收益（稀释后）ABNBVRA
| Q4 25 | — | $-0.44 | ||
| Q3 25 | — | $-0.17 | ||
| Q2 25 | — | $-1.20 | ||
| Q1 25 | — | $-1.62 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $-0.26 | ||
| Q1 24 | — | $-0.06 |
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 | $10.7M |
| 总债务越低越好 | — | $10.0M |
| 股东权益账面价值 | $8.2B | $128.1M |
| 总资产 | $22.2B | $243.7M |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资ABNBVRA
| Q4 25 | $11.0B | $10.7M | ||
| Q3 25 | $11.7B | $15.2M | ||
| Q2 25 | $11.4B | $11.3M | ||
| Q1 25 | $11.5B | $30.4M | ||
| Q4 24 | $10.6B | $13.7M | ||
| Q3 24 | $11.3B | $44.1M | ||
| Q2 24 | $11.3B | $55.2M | ||
| Q1 24 | $11.1B | $77.3M |
总债务ABNBVRA
| Q4 25 | — | $10.0M | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBVRA
| Q4 25 | $8.2B | $128.1M | ||
| Q3 25 | $8.6B | $140.5M | ||
| Q2 25 | $7.8B | $146.0M | ||
| Q1 25 | $7.9B | $179.0M | ||
| Q4 24 | $8.4B | $225.2M | ||
| Q3 24 | $8.5B | $242.5M | ||
| Q2 24 | $8.0B | $245.9M | ||
| Q1 24 | $7.9B | $259.9M |
总资产ABNBVRA
| Q4 25 | $22.2B | $243.7M | ||
| Q3 25 | $23.1B | $266.2M | ||
| Q2 25 | $27.0B | $267.9M | ||
| Q1 25 | $25.1B | $306.7M | ||
| Q4 24 | $21.0B | $359.0M | ||
| Q3 24 | $22.2B | $379.2M | ||
| Q2 24 | $26.3B | $368.7M | ||
| Q1 24 | $24.5B | $380.8M |
负债/权益比ABNBVRA
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| 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 | $-4.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.5M |
| 自由现金流率自由现金流/营收 | — | -7.2% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | $-13.0M |
8季度趋势，按日历期对齐
经营现金流ABNBVRA
| Q4 25 | $526.0M | $-4.0M | ||
| Q3 25 | $1.4B | $-5.4M | ||
| Q2 25 | $975.0M | $-17.9M | ||
| Q1 25 | $1.8B | $21.7M | ||
| Q4 24 | $466.0M | $-22.6M | ||
| Q3 24 | $1.1B | $1.4M | ||
| Q2 24 | $1.1B | $-14.5M | ||
| Q1 24 | $1.9B | $26.9M |
自由现金流ABNBVRA
| Q4 25 | — | $-4.5M | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-25.0M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $-15.4M | ||
| Q1 24 | — | $25.7M |
自由现金流率ABNBVRA
| Q4 25 | — | -7.2% | ||
| Q3 25 | — | -8.7% | ||
| Q2 25 | — | -38.3% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | -35.5% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | 55.7% |
资本支出强度ABNBVRA
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.6% |
现金转化率ABNBVRA
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.79× | 0.25× | ||
| 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% |
VRA
| Bags | $23.9M | 38% |
| Indirect | $12.6M | 20% |
| Transferred At Point In Time | $12.2M | 20% |
| Accessories | $7.2M | 12% |
| Home | $3.5M | 6% |
| Apparel Footwear | $1.8M | 3% |
| Other Products | $1.5M | 2% |
