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爱彼迎（ABNB）与渥弗林（WWW）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渥弗林的5.4倍（$2.8B vs $517.5M）。爱彼迎净利率更高（12.3% vs 6.1%，领先6.1%）。渥弗林同比增速更快（25.5% vs 12.0%）。过去两年渥弗林的营收复合增速更高（14.5% 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。
渥弗林是一家国际知名的鞋履、服饰及配饰设计、生产与销售企业，旗下拥有迈乐、斯佩里、索康尼、暇步士等多个知名品牌，覆盖户外休闲、日常穿搭、工装、运动等消费领域，产品通过线上线下渠道及批发网络销往全球。
ABNB vs WWW — 直观对比
营收规模更大
ABNB
是对方的5.4倍
$517.5M
营收增速更快
WWW
高出13.5%
12.0%
净利率更高
ABNB
高出6.1%
6.1%
两年增速更快
WWW
近两年复合增速
13.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $517.5M |
| 净利润 | $341.0M | $31.8M |
| 毛利率 | 82.5% | 47.3% |
| 营业利润率 | 9.7% | 9.7% |
| 净利率 | 12.3% | 6.1% |
| 营收同比 | 12.0% | 25.5% |
| 净利润同比 | -26.0% | 162.8% |
| 每股收益（稀释后） | — | $0.37 |
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ABNBWWW
| Q1 26 | — | $517.5M | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $470.3M | ||
| Q2 25 | $3.1B | $474.2M | ||
| Q1 25 | $2.3B | $412.3M | ||
| Q4 24 | $2.5B | $494.7M | ||
| Q3 24 | $3.7B | $440.2M | ||
| Q2 24 | $2.7B | $425.2M |
净利润ABNBWWW
| Q1 26 | — | $31.8M | ||
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $25.1M | ||
| Q2 25 | $642.0M | $26.8M | ||
| Q1 25 | $154.0M | $12.1M | ||
| Q4 24 | $461.0M | $23.1M | ||
| Q3 24 | $1.4B | $23.2M | ||
| Q2 24 | $555.0M | $13.8M |
毛利率ABNBWWW
| Q1 26 | — | 47.3% | ||
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | 47.5% | ||
| Q2 25 | 82.4% | 47.2% | ||
| Q1 25 | 77.7% | 47.2% | ||
| Q4 24 | 82.8% | 43.4% | ||
| Q3 24 | 87.5% | 45.1% | ||
| Q2 24 | 81.6% | 43.1% |
营业利润率ABNBWWW
| Q1 26 | — | 9.7% | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 8.4% | ||
| Q2 25 | 19.8% | 8.6% | ||
| Q1 25 | 1.7% | 4.8% | ||
| Q4 24 | 17.3% | 7.4% | ||
| Q3 24 | 40.9% | 7.9% | ||
| Q2 24 | 18.1% | 6.8% |
净利率ABNBWWW
| Q1 26 | — | 6.1% | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 5.3% | ||
| Q2 25 | 20.7% | 5.7% | ||
| Q1 25 | 6.8% | 2.9% | ||
| Q4 24 | 18.6% | 4.7% | ||
| Q3 24 | 36.7% | 5.3% | ||
| Q2 24 | 20.2% | 3.2% |
每股收益（稀释后）ABNBWWW
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.30 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.17 |
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 | — |
| 总债务越低越好 | — | $621.7M |
| 股东权益账面价值 | $8.2B | $408.0M |
| 总资产 | $22.2B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 1.52× |
8季度趋势，按日历期对齐
现金及短期投资ABNBWWW
| Q1 26 | — | — | ||
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.5B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.3B | — |
总债务ABNBWWW
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
股东权益ABNBWWW
| Q1 26 | — | $408.0M | ||
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $376.7M | ||
| Q2 25 | $7.8B | $344.0M | ||
| Q1 25 | $7.9B | $310.6M | ||
| Q4 24 | $8.4B | $312.9M | ||
| Q3 24 | $8.5B | $295.2M | ||
| Q2 24 | $8.0B | $262.1M |
总资产ABNBWWW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $1.7B | ||
| Q2 25 | $27.0B | $1.8B | ||
| Q1 25 | $25.1B | $1.7B | ||
| Q4 24 | $21.0B | $1.7B | ||
| Q3 24 | $22.2B | $1.8B | ||
| Q2 24 | $26.3B | $1.8B |
负债/权益比ABNBWWW
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| 自由现金流经营现金流 - 资本支出 | — | $145.6M |
| 自由现金流率自由现金流/营收 | — | 28.1% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 4.60× |
| 过去12个月自由现金流最近4个季度 | — | $125.5M |
8季度趋势，按日历期对齐
经营现金流ABNBWWW
| Q1 26 | — | $146.2M | ||
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $33.0M | ||
| Q2 25 | $975.0M | $44.6M | ||
| Q1 25 | $1.8B | $-83.8M | ||
| Q4 24 | $466.0M | $82.4M | ||
| Q3 24 | $1.1B | $108.2M | ||
| Q2 24 | $1.1B | $26.7M |
自由现金流ABNBWWW
| Q1 26 | — | $145.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $30.1M | ||
| Q2 25 | — | $41.2M | ||
| Q1 25 | — | $-91.4M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $104.1M | ||
| Q2 24 | — | $23.7M |
自由现金流率ABNBWWW
| Q1 26 | — | 28.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | -22.2% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | 5.6% |
资本支出强度ABNBWWW
| Q1 26 | — | 0.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
现金转化率ABNBWWW
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 1.31× | ||
| Q2 25 | 1.52× | 1.66× | ||
| Q1 25 | 11.62× | -6.93× | ||
| Q4 24 | 1.01× | 3.57× | ||
| Q3 24 | 0.79× | 4.66× | ||
| Q2 24 | 1.89× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
