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爱彼迎（ABNB）与捷迈邦美（ZBH）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捷迈邦美的1.3倍（$2.8B vs $2.1B），爱彼迎净利率更高（12.3% vs 11.4%，领先0.9%），爱彼迎同比增速更快（12.0% vs 9.3%），过去两年爱彼迎的营收复合增速更高（13.9% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
ABNB vs ZBH — 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2.7%
9.3%
净利率更高
ABNB
高出0.9%
11.4%
两年增速更快
ABNB
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.1B |
| 净利润 | $341.0M | $238.3M |
| 毛利率 | 82.5% | 64.6% |
| 营业利润率 | 9.7% | 17.9% |
| 净利率 | 12.3% | 11.4% |
| 营收同比 | 12.0% | 9.3% |
| 净利润同比 | -26.0% | 30.5% |
| 每股收益（稀释后） | — | $1.22 |
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ABNBZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.8B | $2.2B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $2.7B | $1.9B |
净利润ABNBZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $341.0M | $139.4M | ||
| Q3 25 | $1.4B | $230.9M | ||
| Q2 25 | $642.0M | $152.8M | ||
| Q1 25 | $154.0M | $182.0M | ||
| Q4 24 | $461.0M | $239.5M | ||
| Q3 24 | $1.4B | $249.1M | ||
| Q2 24 | $555.0M | $242.8M |
毛利率ABNBZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 82.5% | 64.7% | ||
| Q3 25 | 86.6% | 72.1% | ||
| Q2 25 | 82.4% | 71.5% | ||
| Q1 25 | 77.7% | 71.2% | ||
| Q4 24 | 82.8% | 71.0% | ||
| Q3 24 | 87.5% | 70.5% | ||
| Q2 24 | 81.6% | 71.5% |
营业利润率ABNBZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 9.7% | 6.9% | ||
| Q3 25 | 39.7% | 17.6% | ||
| Q2 25 | 19.8% | 14.4% | ||
| Q1 25 | 1.7% | 15.3% | ||
| Q4 24 | 17.3% | 19.2% | ||
| Q3 24 | 40.9% | 15.3% | ||
| Q2 24 | 18.1% | 18.1% |
净利率ABNBZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 12.3% | 6.2% | ||
| Q3 25 | 33.6% | 11.5% | ||
| Q2 25 | 20.7% | 7.4% | ||
| Q1 25 | 6.8% | 9.5% | ||
| Q4 24 | 18.6% | 11.8% | ||
| Q3 24 | 36.7% | 13.7% | ||
| Q2 24 | 20.2% | 12.5% |
每股收益（稀释后）ABNBZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | — | $0.71 | ||
| Q3 25 | — | $1.16 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.18 | ||
| Q3 24 | — | $1.23 | ||
| Q2 24 | — | $1.18 |
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 | $424.2M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $8.2B | $12.7B |
| 总资产 | $22.2B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资ABNBZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $11.0B | $591.9M | ||
| Q3 25 | $11.7B | $1.3B | ||
| Q2 25 | $11.4B | $556.9M | ||
| Q1 25 | $11.5B | $1.4B | ||
| Q4 24 | $10.6B | $525.5M | ||
| Q3 24 | $11.3B | $569.0M | ||
| Q2 24 | $11.3B | $420.1M |
总债务ABNBZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ABNBZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $8.2B | $12.7B | ||
| Q3 25 | $8.6B | $12.8B | ||
| Q2 25 | $7.8B | $12.5B | ||
| Q1 25 | $7.9B | $12.4B | ||
| Q4 24 | $8.4B | $12.5B | ||
| Q3 24 | $8.5B | $12.4B | ||
| Q2 24 | $8.0B | $12.7B |
总资产ABNBZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $22.2B | $23.1B | ||
| Q3 25 | $23.1B | $23.5B | ||
| Q2 25 | $27.0B | $22.9B | ||
| Q1 25 | $25.1B | $22.2B | ||
| Q4 24 | $21.0B | $21.4B | ||
| Q3 24 | $22.2B | $21.7B | ||
| Q2 24 | $26.3B | $21.5B |
负债/权益比ABNBZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | — | $245.9M |
| 自由现金流率自由现金流/营收 | — | 11.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.54× | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流ABNBZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $526.0M | $517.4M | ||
| Q3 25 | $1.4B | $418.7M | ||
| Q2 25 | $975.0M | $378.2M | ||
| Q1 25 | $1.8B | $382.8M | ||
| Q4 24 | $466.0M | $506.3M | ||
| Q3 24 | $1.1B | $395.7M | ||
| Q2 24 | $1.1B | $369.4M |
自由现金流ABNBZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | — | $442.6M | ||
| Q3 25 | — | $363.7M | ||
| Q2 25 | — | $328.1M | ||
| Q1 25 | — | $338.2M | ||
| Q4 24 | — | $454.8M | ||
| Q3 24 | — | $351.2M | ||
| Q2 24 | — | $316.7M |
自由现金流率ABNBZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | — | 19.7% | ||
| Q3 25 | — | 18.2% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 16.3% |
资本支出强度ABNBZBH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.7% |
现金转化率ABNBZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.54× | 3.71× | ||
| Q3 25 | 0.99× | 1.81× | ||
| Q2 25 | 1.52× | 2.48× | ||
| Q1 25 | 11.62× | 2.10× | ||
| Q4 24 | 1.01× | 2.11× | ||
| Q3 24 | 0.79× | 1.59× | ||
| Q2 24 | 1.89× | 1.52× |
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% |
ZBH
暂无分部数据
