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爱彼迎（ABNB）与赛莱默（XYL）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赛莱默的1.3倍（$2.8B vs $2.1B），爱彼迎净利率更高（12.3% vs 8.9%，领先3.4%），爱彼迎同比增速更快（12.0% vs 2.7%），过去两年爱彼迎的营收复合增速更高（13.9% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
ABNB vs XYL — 直观对比
营收规模更大
ABNB
是对方的1.3倍
$2.1B
营收增速更快
ABNB
高出9.3%
2.7%
净利率更高
ABNB
高出3.4%
8.9%
两年增速更快
ABNB
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.1B |
| 净利润 | $341.0M | $189.0M |
| 毛利率 | 82.5% | 37.8% |
| 营业利润率 | 9.7% | 11.5% |
| 净利率 | 12.3% | 8.9% |
| 营收同比 | 12.0% | 2.7% |
| 净利润同比 | -26.0% | 13.2% |
| 每股收益（稀释后） | — | $0.79 |
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ABNBXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.4B | ||
| Q3 25 | $4.1B | $2.3B | ||
| Q2 25 | $3.1B | $2.3B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $2.7B | $2.2B |
净利润ABNBXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $341.0M | $335.0M | ||
| Q3 25 | $1.4B | $227.0M | ||
| Q2 25 | $642.0M | $226.0M | ||
| Q1 25 | $154.0M | $169.0M | ||
| Q4 24 | $461.0M | $326.0M | ||
| Q3 24 | $1.4B | $217.0M | ||
| Q2 24 | $555.0M | $194.0M |
毛利率ABNBXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 82.5% | 38.9% | ||
| Q3 25 | 86.6% | 38.9% | ||
| Q2 25 | 82.4% | 38.8% | ||
| Q1 25 | 77.7% | 37.1% | ||
| Q4 24 | 82.8% | 38.0% | ||
| Q3 24 | 87.5% | 37.3% | ||
| Q2 24 | 81.6% | 37.8% |
营业利润率ABNBXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 9.7% | 14.7% | ||
| Q3 25 | 39.7% | 14.7% | ||
| Q2 25 | 19.8% | 13.3% | ||
| Q1 25 | 1.7% | 11.2% | ||
| Q4 24 | 17.3% | 11.8% | ||
| Q3 24 | 40.9% | 13.3% | ||
| Q2 24 | 18.1% | 11.7% |
净利率ABNBXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 12.3% | 14.0% | ||
| Q3 25 | 33.6% | 10.0% | ||
| Q2 25 | 20.7% | 9.8% | ||
| Q1 25 | 6.8% | 8.2% | ||
| Q4 24 | 18.6% | 14.5% | ||
| Q3 24 | 36.7% | 10.3% | ||
| Q2 24 | 20.2% | 8.9% |
每股收益（稀释后）ABNBXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | — | $1.37 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | — | $0.93 | ||
| Q1 25 | — | $0.69 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $0.80 |
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 | $808.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $8.2B | $11.0B |
| 总资产 | $22.2B | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资ABNBXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $11.0B | $1.5B | ||
| Q3 25 | $11.7B | $1.2B | ||
| Q2 25 | $11.4B | $1.2B | ||
| Q1 25 | $11.5B | $1.1B | ||
| Q4 24 | $10.6B | $1.1B | ||
| Q3 24 | $11.3B | $989.0M | ||
| Q2 24 | $11.3B | $815.0M |
总债务ABNBXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ABNBXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $8.2B | $11.5B | ||
| Q3 25 | $8.6B | $11.2B | ||
| Q2 25 | $7.8B | $11.1B | ||
| Q1 25 | $7.9B | $10.8B | ||
| Q4 24 | $8.4B | $10.6B | ||
| Q3 24 | $8.5B | $10.6B | ||
| Q2 24 | $8.0B | $10.3B |
总资产ABNBXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $22.2B | $17.6B | ||
| Q3 25 | $23.1B | $17.3B | ||
| Q2 25 | $27.0B | $17.2B | ||
| Q1 25 | $25.1B | $16.6B | ||
| Q4 24 | $21.0B | $16.5B | ||
| Q3 24 | $22.2B | $16.0B | ||
| Q2 24 | $26.3B | $15.8B |
负债/权益比ABNBXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ABNBXYL
| Q1 26 | — | — | ||
| Q4 25 | $526.0M | $543.0M | ||
| Q3 25 | $1.4B | $360.0M | ||
| Q2 25 | $975.0M | $305.0M | ||
| Q1 25 | $1.8B | $33.0M | ||
| Q4 24 | $466.0M | $575.0M | ||
| Q3 24 | $1.1B | $311.0M | ||
| Q2 24 | $1.1B | $288.0M |
自由现金流ABNBXYL
| Q1 26 | — | — | ||
| Q4 25 | — | $460.0M | ||
| Q3 25 | — | $281.0M | ||
| Q2 25 | — | $207.0M | ||
| Q1 25 | — | $-38.0M | ||
| Q4 24 | — | $475.0M | ||
| Q3 24 | — | $237.0M | ||
| Q2 24 | — | $215.0M |
自由现金流率ABNBXYL
| Q1 26 | — | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 9.9% |
资本支出强度ABNBXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 3.4% |
现金转化率ABNBXYL
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 1.62× | ||
| Q3 25 | 0.99× | 1.59× | ||
| Q2 25 | 1.52× | 1.35× | ||
| Q1 25 | 11.62× | 0.20× | ||
| Q4 24 | 1.01× | 1.76× | ||
| Q3 24 | 0.79× | 1.43× | ||
| Q2 24 | 1.89× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
