Airbnb
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
24.4821.2017.2713.42
Price/Sales ratio
6.365.725.124.55
Earnings per Share (EPS)
$5.10$5.89$7.23$9.30

Historical Multiples (2017 – 2023)

2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-1.07K-4.55K-113.93-9.10-291.3528.7718.0938.25-61.52
Price/Sales ratio
29.4721.0315.9812.3517.116.488.748.6214.73
Price/Book Value ratio
N/A-148.52-95.1214.3821.479.7910.6213.0217.93
Price/Cash Flow ratio
300.51129.01344.96-66.2846.8315.8722.3221.11-22.58
Price/Free Cash Flow ratio
499.90152.16789.85-62.5747.3815.9922.3221.27-20.65
Price/Earnings Growth ratio
N/A60.32-0.02-0.003.02-0.040.110.06-0.01
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
74.71%76.34%75.10%74.06%80.70%82.15%82.82%82.15%74.58%
Operating Profit Margin
-3.17%0.51%-10.43%-106.27%7.15%21.45%15.30%21.45%-58.35%
Pretax Profit Margin
-2.30%1.28%-8.56%-138.59%-5.00%23.68%21.19%23.67%-73.58%
Net Profit Margin
-2.73%-0.46%-14.03%-135.71%-5.87%22.53%48.32%22.54%-74.87%
Effective Tax Rate
-18.52%135.84%-63.79%2.07%-17.33%4.82%-127.97%4.80%-30.85%
Return on Assets
N/A-0.25%-8.11%-43.69%-2.56%11.80%23.21%11.80%-25.90%
Return On Equity
N/A3.25%83.49%-157.99%-7.37%34.04%58.68%35.92%-37.25%
Return on Capital Employed
N/A0.65%-16.30%-67.08%5.83%22.35%14.19%22.35%-41.69%
Liquidity Ratios
Current Ratio
N/AN/AN/A1.73N/AN/AN/A1.861.79
Quick Ratio
N/A1.571.251.731.941.861.651.801.49
Cash ratio
N/A0.570.381.060.950.920.690.921.01
Days of Sales Outstanding
N/AN/AN/A235.686.826.99216.01207.84221.76
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/A235.686.826.99216.0151.24143.46
Days of Payables Outstanding
N/A29.8346.1933.2837.2533.3530.2233.3639.74
Cash Conversion Cycle
N/A-29.83-46.19202.39-30.43-26.36185.79174.48188.43
Debt Ratios
Debt Ratio
N/AN/A-0.070.170.140.120.090.650.05
Debt Equity Ratio
N/AN/A0.730.630.410.360.241.880.68
Long-term Debt to Capitalization
N/AN/AN/A0.380.290.260.190.290.33
Total Debt to Capitalization
N/AN/A0.420.380.290.260.190.290.34
Interest Coverage Ratio
N/AN/AN/A-20.02N/AN/AN/A75.3127.64
Cash Flow to Debt Ratio
N/AN/A-0.37-0.341.101.671.951.46-0.35
Company Equity Multiplier
N/A-12.78-10.283.612.872.882.522.883.24
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.090.160.04-0.180.360.400.390.40-0.07
Free Cash Flow / Operating Cash Flow Ratio
0.600.840.431.050.980.9910.991.02
Cash Flow Coverage Ratio
N/AN/A-0.37-0.341.101.671.951.46-0.35
Short Term Coverage Ratio
N/AN/A-0.37-23.53N/A58.13N/A58.13-11.95
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A