Airbnb is the world's largest online alternative accommodation travel agency; it also offers booking services for boutique hotels, experiences, and hotel-like services. Airbnb's platform offers over 9 million active accommodation listings.
It is a $97.9B consumer company. Revenue grew 13.6% over the last year, it keeps 20¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 36.9× earnings — around the middle of its own history.
- Website
- airbnb.com
- Location
- San Francisco, CA
- Employees
- 8 200
- Sector
- Consumer Cyclical
- Founded
- 2008
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Quality and Moat lag behind.
Valuation41
- P/E vs own history55th pct · 12/25
- FCF yield5.0% · 12/25
- P/S7.5x · 12/25
- EV/EBITDA34.7x · 5/25
Growth45
- Revenue CAGR19.6% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth36.6% · 25/25
Profitability70
- ROICn/a · 0/25
- ROE33.4% · 25/25
- Net margin20.4% · 25/25
- Operating margin20.8% · 20/25
Health62
- Altman Z3.11 · 25/25
- Current ratio1.41 · 12/25
- Interest coverage-3.6x · 0/25
- Net cash / debtNet cash · 25/25
Quality46
- Piotroski F6/9 · 15/25
- Beneish M-2.59 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 17.2% · 6/25
Moat25
- ROIC >12% yearsn/a · 0/25
- Median gross margin82.8% · 25/25
- FCF-positive yearsn/a · 0/25
- Worst-year net marginworst -5.9% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025MilestoneAirbnb became a sponsor of the FIFA Club World Cup in a three-year partnership to offer "official fan…
- FY2024FinancialRevenue crossed $10B$11.1B for the year
- FY2023FinancialBest year on record$4.79B net income
- FY2022FinancialTurned profitable$1.89B net income after a loss year
- 2022ProductAirbnb rolled out technology to enforce this ban
- FY2021FinancialRevenue already above $1B$5.99B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- Dec 10, 2020IPOIPO on Nasdaqpriced at $68, doubled on debut in the middle of a pandemic
- 2020AcquisitionSilver Lake and Sixth Street Partners acquired $1 billion in shares in the company at an $18 billion…
- 2019ProductAirbnb produced and financed Gay Chorus Deep South, a documentary launched by its Rausch Street Films…
- 2017ProductThe company launched Airbnbmag, a magazine co-published with Hearst Communications
- 2016ProductAirbnb launched "experiences", whereby users can use the platform to book activities
- 2014ProductAirbnb revealed design revisions to the site and mobile app and introduced a new logo
- 2012ProductAirbnb opened an office in Sydney, its 11th office location
- 2011MilestoneWent internationalEuropean offices open — the real growth engine
- 2009MilestoneY Combinator + Sequoia seedfamously funded partly by selling novelty cereal boxes
- 2008FoundedFounded on air mattressesChesky and Gebbia rented out their SF apartment during a conference
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (72.4%)
- Strongly profitable — 20.4% net margin
- Revenue growing 13.6% year over year
- Strong cash conversion — FCF is 36.9% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Thin interest coverage (-3.6×)
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+13.6% YoY
- Profitable — makes more than it spends$2.69B TTM
- Profit growing — earnings are higher than last year+13.1% YoY
- Generates cash — cash left after running and investing$4.86B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$97.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.2% shares over ~5y
- Proven track record — years of profitability behind it4/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.1 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 36.9
Peer comparisonAirbnb, Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ABNB this company | $97.9B | 36.9 | +13.6% | 20.4% | Solid |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: ABNB vs AMZN · ABNB vs TSLA · ABNB vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ABNB
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ABNB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $166.10 · market cap $97.9B.