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爱彼迎（ABNB）与Vestis Corp（VSTS）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Vestis Corp的4.2倍（$2.8B vs $663.4M）。爱彼迎净利率更高（12.3% vs -1.0%，领先13.2%）。爱彼迎同比增速更快（12.0% vs -3.0%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -3.0%）
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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
ABNB vs VSTS — 直观对比
营收规模更大
ABNB
是对方的4.2倍
$663.4M
营收增速更快
ABNB
高出15.0%
-3.0%
净利率更高
ABNB
高出13.2%
-1.0%
两年增速更快
ABNB
近两年复合增速
-3.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $663.4M |
| 净利润 | $341.0M | $-6.4M |
| 毛利率 | 82.5% | — |
| 营业利润率 | 9.7% | 2.5% |
| 净利率 | 12.3% | -1.0% |
| 营收同比 | 12.0% | -3.0% |
| 净利润同比 | -26.0% | -868.1% |
| 每股收益（稀释后） | — | $-0.05 |
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ABNBVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $2.8B | $712.0M | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $3.1B | $673.8M | ||
| Q1 25 | $2.3B | $665.2M | ||
| Q4 24 | $2.5B | $683.8M | ||
| Q3 24 | $3.7B | $684.3M | ||
| Q2 24 | $2.7B | $698.2M |
净利润ABNBVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $341.0M | $-12.5M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $642.0M | $-676.0K | ||
| Q1 25 | $154.0M | $-27.8M | ||
| Q4 24 | $461.0M | $832.0K | ||
| Q3 24 | $1.4B | $-2.3M | ||
| Q2 24 | $555.0M | $5.0M |
毛利率ABNBVSTS
| Q1 26 | — | — | ||
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 77.7% | — | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 87.5% | — | ||
| Q2 24 | 81.6% | — |
营业利润率ABNBVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 9.7% | 2.5% | ||
| Q3 25 | 39.7% | — | ||
| Q2 25 | 19.8% | 3.7% | ||
| Q1 25 | 1.7% | -1.3% | ||
| Q4 24 | 17.3% | 4.4% | ||
| Q3 24 | 40.9% | 4.4% | ||
| Q2 24 | 18.1% | 5.4% |
净利率ABNBVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 12.3% | -1.8% | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 20.7% | -0.1% | ||
| Q1 25 | 6.8% | -4.2% | ||
| Q4 24 | 18.6% | 0.1% | ||
| Q3 24 | 36.7% | -0.3% | ||
| Q2 24 | 20.2% | 0.7% |
每股收益（稀释后）ABNBVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $0.04 |
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 | $41.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $864.4M |
| 总资产 | $22.2B | $2.9B |
| 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ABNBVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $11.0B | $29.7M | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | $23.7M | ||
| Q1 25 | $11.5B | $28.8M | ||
| Q4 24 | $10.6B | $18.6M | ||
| Q3 24 | $11.3B | $31.0M | ||
| Q2 24 | $11.3B | $29.1M |
总债务ABNBVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益ABNBVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $8.2B | $865.6M | ||
| Q3 25 | $8.6B | — | ||
| Q2 25 | $7.8B | $882.2M | ||
| Q1 25 | $7.9B | $876.3M | ||
| Q4 24 | $8.4B | $899.6M | ||
| Q3 24 | $8.5B | $903.1M | ||
| Q2 24 | $8.0B | $901.2M |
总资产ABNBVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $22.2B | $2.9B | ||
| Q3 25 | $23.1B | — | ||
| Q2 25 | $27.0B | $2.9B | ||
| Q1 25 | $25.1B | $2.9B | ||
| Q4 24 | $21.0B | $2.9B | ||
| Q3 24 | $22.2B | $2.9B | ||
| Q2 24 | $26.3B | $3.1B |
负债/权益比ABNBVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.29× | ||
| Q2 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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $28.3M |
| 自由现金流率自由现金流/营收 | — | 4.3% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 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 | — | $45.0M |
8季度趋势，按日历期对齐
经营现金流ABNBVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $526.0M | $30.9M | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $975.0M | $22.9M | ||
| Q1 25 | $1.8B | $6.7M | ||
| Q4 24 | $466.0M | $3.8M | ||
| Q3 24 | $1.1B | $295.6M | ||
| Q2 24 | $1.1B | $48.7M |
自由现金流ABNBVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $-6.9M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $267.5M | ||
| Q2 24 | — | $27.7M |
自由现金流率ABNBVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 4.0% |
资本支出强度ABNBVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 3.0% |
现金转化率ABNBVSTS
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 11.62× | — | ||
| Q4 24 | 1.01× | 4.54× | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 1.89× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
