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爱彼迎（ABNB）与YETI Holdings, Inc.（YETI）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YETI Holdings, Inc.的5.7倍（$2.8B vs $487.8M）。爱彼迎净利率更高（12.3% vs 8.1%，领先4.2%）。爱彼迎同比增速更快（12.0% vs 1.9%）。过去两年爱彼迎的营收复合增速更高（13.9% vs -3.1%）
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。
YETI Holdings, Inc.是源自美国的户外休闲产品品牌，总部位于得克萨斯州奥斯汀，主打户外耐用品，产品线涵盖保温箱、真空隔热不锈钢饮具、软质冷却包、防水干燥袋及各类相关配件，产品主打耐用性与保温保冷性能，深受户外爱好者青睐。
ABNB vs YETI — 直观对比
营收规模更大
ABNB
是对方的5.7倍
$487.8M
营收增速更快
ABNB
高出10.1%
1.9%
净利率更高
ABNB
高出4.2%
8.1%
两年增速更快
ABNB
近两年复合增速
-3.1%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $487.8M |
| 净利润 | $341.0M | $39.4M |
| 毛利率 | 82.5% | 55.9% |
| 营业利润率 | 9.7% | 11.1% |
| 净利率 | 12.3% | 8.1% |
| 营收同比 | 12.0% | 1.9% |
| 净利润同比 | -26.0% | -30.0% |
| 每股收益（稀释后） | — | $0.48 |
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ABNBYETI
| Q4 25 | $2.8B | — | ||
| Q3 25 | $4.1B | $487.8M | ||
| Q2 25 | $3.1B | $445.9M | ||
| Q1 25 | $2.3B | $351.1M | ||
| Q4 24 | $2.5B | $546.5M | ||
| Q3 24 | $3.7B | $478.4M | ||
| Q2 24 | $2.7B | $463.5M | ||
| Q1 24 | $2.1B | $341.4M |
净利润ABNBYETI
| Q4 25 | $341.0M | — | ||
| Q3 25 | $1.4B | $39.4M | ||
| Q2 25 | $642.0M | $51.2M | ||
| Q1 25 | $154.0M | $16.6M | ||
| Q4 24 | $461.0M | $53.2M | ||
| Q3 24 | $1.4B | $56.3M | ||
| Q2 24 | $555.0M | $50.4M | ||
| Q1 24 | $264.0M | $15.9M |
毛利率ABNBYETI
| Q4 25 | 82.5% | — | ||
| Q3 25 | 86.6% | 55.9% | ||
| Q2 25 | 82.4% | 57.8% | ||
| Q1 25 | 77.7% | 57.4% | ||
| Q4 24 | 82.8% | 59.7% | ||
| Q3 24 | 87.5% | 58.0% | ||
| Q2 24 | 81.6% | 57.0% | ||
| Q1 24 | 77.6% | 57.1% |
营业利润率ABNBYETI
| Q4 25 | 9.7% | — | ||
| Q3 25 | 39.7% | 11.1% | ||
| Q2 25 | 19.8% | 13.9% | ||
| Q1 25 | 1.7% | 6.2% | ||
| Q4 24 | 17.3% | 15.1% | ||
| Q3 24 | 40.9% | 14.6% | ||
| Q2 24 | 18.1% | 14.5% | ||
| Q1 24 | 4.7% | 7.6% |
净利率ABNBYETI
| Q4 25 | 12.3% | — | ||
| Q3 25 | 33.6% | 8.1% | ||
| Q2 25 | 20.7% | 11.5% | ||
| Q1 25 | 6.8% | 4.7% | ||
| Q4 24 | 18.6% | 9.7% | ||
| Q3 24 | 36.7% | 11.8% | ||
| Q2 24 | 20.2% | 10.9% | ||
| Q1 24 | 12.3% | 4.6% |
每股收益（稀释后）ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | $0.48 | ||
| Q2 25 | — | $0.61 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.66 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | — | $0.18 |
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 | — | — |
| 股东权益账面价值 | $8.2B | $702.6M |
| 总资产 | $22.2B | $1.3B |
| 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ABNBYETI
| 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 | — | ||
| Q1 24 | $11.1B | — |
总债务ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $72.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABNBYETI
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.6B | $702.6M | ||
| Q2 25 | $7.8B | $802.7M | ||
| Q1 25 | $7.9B | $764.3M | ||
| Q4 24 | $8.4B | $740.1M | ||
| Q3 24 | $8.5B | $770.0M | ||
| Q2 24 | $8.0B | $705.9M | ||
| Q1 24 | $7.9B | $646.9M |
总资产ABNBYETI
| Q4 25 | $22.2B | — | ||
| Q3 25 | $23.1B | $1.3B | ||
| Q2 25 | $27.0B | $1.3B | ||
| Q1 25 | $25.1B | $1.2B | ||
| Q4 24 | $21.0B | $1.3B | ||
| Q3 24 | $22.2B | $1.3B | ||
| Q2 24 | $26.3B | $1.2B | ||
| Q1 24 | $24.5B | $1.1B |
负债/权益比ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| 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 | $100.9M |
| 自由现金流经营现金流 - 资本支出 | — | $89.1M |
| 自由现金流率自由现金流/营收 | — | 18.3% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | 1.54× | 2.56× |
| 过去12个月自由现金流最近4个季度 | — | $265.2M |
8季度趋势，按日历期对齐
经营现金流ABNBYETI
| Q4 25 | $526.0M | — | ||
| Q3 25 | $1.4B | $100.9M | ||
| Q2 25 | $975.0M | $61.2M | ||
| Q1 25 | $1.8B | $-80.3M | ||
| Q4 24 | $466.0M | $225.6M | ||
| Q3 24 | $1.1B | $83.5M | ||
| Q2 24 | $1.1B | $56.0M | ||
| Q1 24 | $1.9B | $-103.7M |
自由现金流ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | $89.1M | ||
| Q2 25 | — | $50.2M | ||
| Q1 25 | — | $-89.2M | ||
| Q4 24 | — | $215.1M | ||
| Q3 24 | — | $73.8M | ||
| Q2 24 | — | $45.0M | ||
| Q1 24 | — | $-114.3M |
自由现金流率ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | 18.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | -25.4% | ||
| Q4 24 | — | 39.4% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | -33.5% |
资本支出强度ABNBYETI
| Q4 25 | — | — | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.1% |
现金转化率ABNBYETI
| Q4 25 | 1.54× | — | ||
| Q3 25 | 0.99× | 2.56× | ||
| Q2 25 | 1.52× | 1.20× | ||
| Q1 25 | 11.62× | -4.83× | ||
| Q4 24 | 1.01× | 4.24× | ||
| Q3 24 | 0.79× | 1.48× | ||
| Q2 24 | 1.89× | 1.11× | ||
| Q1 24 | 7.28× | -6.54× |
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% |
YETI
| Drinkware | $263.8M | 54% |
| Coolers And Equipment | $215.4M | 44% |
| Other | $8.6M | 2% |
