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爱彼迎（ABNB）与Williams-Sonoma, Inc.（WSM）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Williams-Sonoma, Inc.的1.5倍（$2.8B vs $1.9B），Williams-Sonoma, Inc.净利率更高（12.8% vs 12.3%，领先0.6%），爱彼迎同比增速更快（12.0% vs 4.6%），过去两年爱彼迎的营收复合增速更高（13.9% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
ABNB vs WSM — 直观对比
营收规模更大
ABNB
是对方的1.5倍
$1.9B
营收增速更快
ABNB
高出7.5%
4.6%
净利率更高
WSM
高出0.6%
12.3%
两年增速更快
ABNB
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.9B |
| 净利润 | $341.0M | $241.6M |
| 毛利率 | 82.5% | 46.1% |
| 营业利润率 | 9.7% | 17.0% |
| 净利率 | 12.3% | 12.8% |
| 营收同比 | 12.0% | 4.6% |
| 净利润同比 | -26.0% | -3.0% |
| 每股收益（稀释后） | — | $1.96 |
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ABNBWSM
| Q4 25 | $2.8B | $1.9B | ||
| Q3 25 | $4.1B | $1.8B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $2.3B | $2.5B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.1B | $2.3B |
净利润ABNBWSM
| Q4 25 | $341.0M | $241.6M | ||
| Q3 25 | $1.4B | $247.6M | ||
| Q2 25 | $642.0M | $231.3M | ||
| Q1 25 | $154.0M | $384.9M | ||
| Q4 24 | $461.0M | $249.0M | ||
| Q3 24 | $1.4B | $225.7M | ||
| Q2 24 | $555.0M | $265.7M | ||
| Q1 24 | $264.0M | $354.4M |
毛利率ABNBWSM
| Q4 25 | 82.5% | 46.1% | ||
| Q3 25 | 86.6% | 47.1% | ||
| Q2 25 | 82.4% | 44.3% | ||
| Q1 25 | 77.7% | 45.2% | ||
| Q4 24 | 82.8% | 46.7% | ||
| Q3 24 | 87.5% | 46.2% | ||
| Q2 24 | 81.6% | 48.3% | ||
| Q1 24 | 77.6% | 46.0% |
营业利润率ABNBWSM
| Q4 25 | 9.7% | 17.0% | ||
| Q3 25 | 39.7% | 17.9% | ||
| Q2 25 | 19.8% | 16.8% | ||
| Q1 25 | 1.7% | 20.1% | ||
| Q4 24 | 17.3% | 17.8% | ||
| Q3 24 | 40.9% | 16.2% | ||
| Q2 24 | 18.1% | 19.5% | ||
| Q1 24 | 4.7% | 20.1% |
净利率ABNBWSM
| Q4 25 | 12.3% | 12.8% | ||
| Q3 25 | 33.6% | 13.5% | ||
| Q2 25 | 20.7% | 13.4% | ||
| Q1 25 | 6.8% | 15.6% | ||
| Q4 24 | 18.6% | 13.8% | ||
| Q3 24 | 36.7% | 12.6% | ||
| Q2 24 | 20.2% | 16.0% | ||
| Q1 24 | 12.3% | 15.6% |
每股收益（稀释后）ABNBWSM
| Q4 25 | — | $1.96 | ||
| Q3 25 | — | $2.00 | ||
| Q2 25 | — | $1.85 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | — | $1.96 | ||
| Q3 24 | — | $1.74 | ||
| Q2 24 | — | $4.07 | ||
| Q1 24 | — | $5.42 |
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 | $884.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.2B | $2.1B |
| 总资产 | $22.2B | $5.3B |
| 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ABNBWSM
| Q4 25 | $11.0B | $884.7M | ||
| Q3 25 | $11.7B | $985.8M | ||
| Q2 25 | $11.4B | $1.0B | ||
| Q1 25 | $11.5B | $1.2B | ||
| Q4 24 | $10.6B | $826.8M | ||
| Q3 24 | $11.3B | $1.3B | ||
| Q2 24 | $11.3B | $1.3B | ||
| Q1 24 | $11.1B | $1.3B |
股东权益ABNBWSM
| Q4 25 | $8.2B | $2.1B | ||
| Q3 25 | $8.6B | $2.1B | ||
| Q2 25 | $7.8B | $2.2B | ||
| Q1 25 | $7.9B | $2.1B | ||
| Q4 24 | $8.4B | $1.9B | ||
| Q3 24 | $8.5B | $2.3B | ||
| Q2 24 | $8.0B | $2.2B | ||
| Q1 24 | $7.9B | $2.1B |
总资产ABNBWSM
| Q4 25 | $22.2B | $5.3B | ||
| Q3 25 | $23.1B | $5.2B | ||
| Q2 25 | $27.0B | $5.2B | ||
| Q1 25 | $25.1B | $5.3B | ||
| Q4 24 | $21.0B | $5.0B | ||
| Q3 24 | $22.2B | $5.2B | ||
| Q2 24 | $26.3B | $5.2B | ||
| Q1 24 | $24.5B | $5.3B |
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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | — | $248.1M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 3.6% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.31× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流ABNBWSM
| Q4 25 | $526.0M | $316.3M | ||
| Q3 25 | $1.4B | $282.7M | ||
| Q2 25 | $975.0M | $118.9M | ||
| Q1 25 | $1.8B | $633.5M | ||
| Q4 24 | $466.0M | $253.5M | ||
| Q3 24 | $1.1B | $246.5M | ||
| Q2 24 | $1.1B | $226.8M | ||
| Q1 24 | $1.9B | $674.9M |
自由现金流ABNBWSM
| Q4 25 | — | $248.1M | ||
| Q3 25 | — | $230.7M | ||
| Q2 25 | — | $60.7M | ||
| Q1 25 | — | $566.3M | ||
| Q4 24 | — | $170.1M | ||
| Q3 24 | — | $215.1M | ||
| Q2 24 | — | $187.3M | ||
| Q1 24 | — | $621.2M |
自由现金流率ABNBWSM
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 27.3% |
资本支出强度ABNBWSM
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.4% |
现金转化率ABNBWSM
| Q4 25 | 1.54× | 1.31× | ||
| Q3 25 | 0.99× | 1.14× | ||
| Q2 25 | 1.52× | 0.51× | ||
| Q1 25 | 11.62× | 1.65× | ||
| Q4 24 | 1.01× | 1.02× | ||
| Q3 24 | 0.79× | 1.09× | ||
| Q2 24 | 1.89× | 0.85× | ||
| Q1 24 | 7.28× | 1.90× |
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% |
WSM
暂无分部数据
