Aureus
AExcellent

Airbnb, Inc.(ABNB)

A

Financial data as of Dec 31, 2025Improving · Consumer Discretionary

FCF Margin38.0%Free Cash Flow / Revenue
Cash Conversion185.0%Operating CF / Net Income
Free Cash Flow$4.6B
Revenue$12.2B
Net Cash$4.5BCash exceeds debt
Debt / FCF0.4xManageable debt load
Current Ratio1.38Adequate short-term liquidity
YoY FCF Growth+12.9%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (38.0%, 0.4x)
→
+0.5Modest YoY FCF growth (12.9% YoY)
→
+1Net cash position with strong FCF margin
→
+1Very low debt-to-FCF ratio (0.4x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (38.0%)
  • Excellent cash conversion (185%)
  • Net cash position ($4.5B)
  • Very low debt relative to cash flow (0.4x)
  • FCF trend is improving

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin38.0%
Net Margin20.5%
Operating CF Margin38.0%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash$4.5BCash exceeds debt
Debt / FCF0.4xManageable debt load
Current Ratio1.38Adequate liquidity
Debt / Equity0.25Low leverage

Quarterly FCF Trend

+12.9% YoYImproving (+12.9%)

Free cash flow per quarter

Sector Comparison — Consumer Discretionary

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameAirbnb, Inc.
SectorConsumer Discretionary
Free Cash Flow$4.6B
Revenue$12.2B
Net Income$2.5B
Operating Cash Flow$4.6B
Capital Expenditure$0
FCF Margin38.0%
Cash Conversion Rate185.0%
Net Margin20.5%
Total Debt$2.1B
Total Cash$6.6B
Net Cash$4.5B
Current Ratio1.38
Debt / Equity0.25
Debt / FCF0.4x
YoY FCF Growth+12.9%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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