Airbnb Stock vs Competition: Who Wins?

ABNB: Airbnb logo
ABNB
Airbnb

Airbnb‘s stock saw modest gains over the past year, but how does it truly stack up against its diverse tech peers as of December 30, 2025? A closer look reveals exceptional cash generation and strong profitability, coupled with solid revenue growth and a moderate valuation. However, upside may be constrained if market sentiment continues to favor AI and infrastructure pure-plays, despite Airbnb‘s plans to integrate AI and expand into services and experiences.

  • ABNB’s 22.6% operating margin, though below AAPL’s 31.9%, signals robust platform efficiency despite Apple’s integrated ecosystem dominance.
  • ABNB’s 10.2% revenue growth outpaces giants like AAPL and IBM, yet lags HPE, which benefits from strong AI infrastructure demand.
  • ABNB’s 3.9% stock gain and 31.8 PE trails peers’ stronger returns, hinting at cautious investor sentiment despite its underlying growth.

Here’s how Airbnb stacks up across size, valuation, and profitability versus key peers.

  ABNB HPQ HPE IBM CSCO AAPL
Market Cap ($ Bil) 83.7 21.5 32.1 282.1 306.2 4,069.7
Revenue ($ Bil) 11.9 55.3 34.3 65.4 57.7 408.6
PE Ratio 31.8 8.5 562.9 35.7 29.6 41.0
LTM Revenue Growth 10.2% 3.2% 13.8% 4.5% 8.9% 6.0%
LTM Operating Margin 22.6% 6.6% 4.8% 17.7% 22.5% 31.9%
LTM FCF Margin 38.4% 5.1% 1.8% 18.1% 22.1% 23.5%
12M Market Return 3.9% -26.7% 15.5% 40.7% 34.2% 8.8%

For more details on Airbnb, read Buy or Sell ABNB Stock. Below we compare ABNB’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
ABNB 10.2% 11.9% 18.1% 40.2%
HPQ 3.2% 3.2% -0.3% -14.6%  
HPE 13.8% 13.8% 3.4% 2.2%  
IBM 4.5% 1.4% 2.2% 5.5%
CSCO 8.9% 5.3% -5.6% 10.6%  
AAPL 6.0% 2.0% -2.8% 7.8%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
ABNB 22.6% 23.0% 15.3% 22.5%
HPQ 6.6% 6.6% 7.8% 7.9%  
HPE 4.8% 4.8% 8.3% 8.4%  
IBM 17.7% 16.1% 15.9% 13.5%
CSCO 22.5% 22.1% 24.1% 27.3%  
AAPL 31.9% 31.5% 29.8% 30.3%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
ABNB 31.8 31.4 18.1 28.8
HPQ 8.5 12.2 10.6 8.2  
HPE 562.9 495.9 8.6 10.2  
IBM 35.7 33.6 19.9 77.5
CSCO 29.6 23.1 19.8 15.5  
AAPL 41.0 41.0 31.3 21.1

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