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ACI WORLDWIDE, INC.（ACIW）与Shift4 Payments, Inc.（FOUR）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是ACI WORLDWIDE, INC.的2.5倍（$1.2B vs $481.6M），ACI WORLDWIDE, INC.净利率更高（13.4% vs 3.4%，领先10.0%），Shift4 Payments, Inc.同比增速更快（34.0% vs 6.3%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $116.6M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 23.4%）
ACI Worldwide是全球领先的数字支付软件企业，总部位于美国内布拉斯加州埃尔克霍恩，为94个国家的客户提供服务，每日处理数十亿笔交易，总价值达数万亿美元。其智能解决方案服务于银行、金融机构、商户、账单服务商、收单机构、发卡机构及第三方支付服务商，支持全渠道搭建安全支付体系。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
ACIW vs FOUR — 直观对比
营收规模更大
FOUR
是对方的2.5倍
$481.6M
营收增速更快
FOUR
高出27.7%
6.3%
净利率更高
ACIW
高出10.0%
3.4%
自由现金流更多
FOUR
多$105.9M
$116.6M
两年增速更快
FOUR
近两年复合增速
23.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $1.2B |
| 净利润 | $64.3M | $40.2M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 22.6% | 10.8% |
| 净利率 | 13.4% | 3.4% |
| 营收同比 | 6.3% | 34.0% |
| 净利润同比 | -34.7% | -65.3% |
| 每股收益（稀释后） | $0.61 | — |
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ACIWFOUR
| Q4 25 | $481.6M | $1.2B | ||
| Q3 25 | $482.4M | $1.2B | ||
| Q2 25 | $401.3M | $966.2M | ||
| Q1 25 | $394.6M | $848.3M | ||
| Q4 24 | $453.0M | $887.0M | ||
| Q3 24 | $451.8M | $909.2M | ||
| Q2 24 | $373.5M | $827.0M | ||
| Q1 24 | $316.0M | $707.4M |
净利润ACIWFOUR
| Q4 25 | $64.3M | $40.2M | ||
| Q3 25 | $91.3M | $28.1M | ||
| Q2 25 | $12.2M | $34.0M | ||
| Q1 25 | $58.9M | $16.7M | ||
| Q4 24 | $98.6M | $116.0M | ||
| Q3 24 | $81.4M | $53.8M | ||
| Q2 24 | $30.9M | $39.2M | ||
| Q1 24 | $-7.8M | $20.6M |
毛利率ACIWFOUR
| Q4 25 | 53.0% | — | ||
| Q3 25 | 53.7% | — | ||
| Q2 25 | 41.5% | — | ||
| Q1 25 | 45.9% | — | ||
| Q4 24 | 55.8% | — | ||
| Q3 24 | 56.3% | — | ||
| Q2 24 | 45.6% | — | ||
| Q1 24 | 39.5% | — |
营业利润率ACIWFOUR
| Q4 25 | 22.6% | 10.8% | ||
| Q3 25 | 26.5% | 9.7% | ||
| Q2 25 | 8.7% | 8.6% | ||
| Q1 25 | 14.8% | 3.0% | ||
| Q4 24 | 27.0% | 9.7% | ||
| Q3 24 | 27.1% | 8.8% | ||
| Q2 24 | 14.4% | 7.2% | ||
| Q1 24 | 3.0% | 3.0% |
净利率ACIWFOUR
| Q4 25 | 13.4% | 3.4% | ||
| Q3 25 | 18.9% | 2.4% | ||
| Q2 25 | 3.0% | 3.5% | ||
| Q1 25 | 14.9% | 2.0% | ||
| Q4 24 | 21.8% | 13.1% | ||
| Q3 24 | 18.0% | 5.9% | ||
| Q2 24 | 8.3% | 4.7% | ||
| Q1 24 | -2.5% | 2.9% |
每股收益（稀释后）ACIWFOUR
| Q4 25 | $0.61 | — | ||
| Q3 25 | $0.88 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.77 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $-0.07 | — |
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 | $196.5M | $964.0M |
| 总债务越低越好 | $817.6M | $4.5B |
| 股东权益账面价值 | $1.5B | $1.4B |
| 总资产 | $3.1B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.54× | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资ACIWFOUR
| Q4 25 | $196.5M | $964.0M | ||
| Q3 25 | $199.3M | $1.5B | ||
| Q2 25 | $189.7M | $3.0B | ||
| Q1 25 | $230.1M | $1.2B | ||
| Q4 24 | $216.4M | $1.2B | ||
| Q3 24 | $177.9M | $1.4B | ||
| Q2 24 | $157.0M | $205.0M | ||
| Q1 24 | $183.4M | $522.9M |
总债务ACIWFOUR
| Q4 25 | $817.6M | $4.5B | ||
| Q3 25 | $867.8M | $4.7B | ||
| Q2 25 | $898.0M | $3.7B | ||
| Q1 25 | $845.9M | $2.8B | ||
| Q4 24 | $924.6M | $2.8B | ||
| Q3 24 | $994.3M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益ACIWFOUR
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.5B | $805.2M | ||
| Q4 24 | $1.4B | $806.6M | ||
| Q3 24 | $1.3B | $811.8M | ||
| Q2 24 | $1.2B | $700.8M | ||
| Q1 24 | $1.3B | $674.5M |
总资产ACIWFOUR
| Q4 25 | $3.1B | $8.7B | ||
| Q3 25 | $3.2B | $9.0B | ||
| Q2 25 | $3.1B | $7.0B | ||
| Q1 25 | $3.2B | $5.0B | ||
| Q4 24 | $3.0B | $5.0B | ||
| Q3 24 | $3.1B | $5.0B | ||
| Q2 24 | $3.4B | $3.5B | ||
| Q1 24 | $3.3B | $3.4B |
负债/权益比ACIWFOUR
| Q4 25 | 0.54× | 3.15× | ||
| Q3 25 | 0.59× | 2.83× | ||
| Q2 25 | 0.64× | 2.34× | ||
| Q1 25 | 0.57× | 3.53× | ||
| Q4 24 | 0.65× | 3.52× | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.82× | — | ||
| Q1 24 | 0.81× | — |
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 | $121.8M | $223.7M |
| 自由现金流经营现金流 - 资本支出 | $116.6M | $222.5M |
| 自由现金流率自由现金流/营收 | 24.2% | 18.7% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.89× | 5.56× |
| 过去12个月自由现金流最近4个季度 | $309.9M | $624.0M |
8季度趋势，按日历期对齐
经营现金流ACIWFOUR
| Q4 25 | $121.8M | $223.7M | ||
| Q3 25 | $73.0M | $171.8M | ||
| Q2 25 | $49.8M | $141.9M | ||
| Q1 25 | $78.2M | $96.6M | ||
| Q4 24 | $126.5M | $145.4M | ||
| Q3 24 | $54.0M | $182.1M | ||
| Q2 24 | $55.0M | $116.1M | ||
| Q1 24 | $123.2M | $56.7M |
自由现金流ACIWFOUR
| Q4 25 | $116.6M | $222.5M | ||
| Q3 25 | $69.6M | $165.4M | ||
| Q2 25 | $47.6M | $141.0M | ||
| Q1 25 | $76.1M | $95.1M | ||
| Q4 24 | $119.5M | $143.8M | ||
| Q3 24 | $50.5M | $180.1M | ||
| Q2 24 | $53.3M | $113.9M | ||
| Q1 24 | $120.0M | $55.4M |
自由现金流率ACIWFOUR
| Q4 25 | 24.2% | 18.7% | ||
| Q3 25 | 14.4% | 14.1% | ||
| Q2 25 | 11.9% | 14.6% | ||
| Q1 25 | 19.3% | 11.2% | ||
| Q4 24 | 26.4% | 16.2% | ||
| Q3 24 | 11.2% | 19.8% | ||
| Q2 24 | 14.3% | 13.8% | ||
| Q1 24 | 38.0% | 7.8% |
资本支出强度ACIWFOUR
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 0.7% | 0.5% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 1.5% | 0.2% | ||
| Q3 24 | 0.8% | 0.2% | ||
| Q2 24 | 0.5% | 0.3% | ||
| Q1 24 | 1.0% | 0.2% |
现金转化率ACIWFOUR
| Q4 25 | 1.89× | 5.56× | ||
| Q3 25 | 0.80× | 6.11× | ||
| Q2 25 | 4.08× | 4.17× | ||
| Q1 25 | 1.33× | 5.78× | ||
| Q4 24 | 1.28× | 1.25× | ||
| Q3 24 | 0.66× | 3.38× | ||
| Q2 24 | 1.78× | 2.96× | ||
| Q1 24 | — | 2.75× |
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
ACIW
| Issuing And Acquiring | $183.7M | 38% |
| License | $158.3M | 33% |
| Maintenance | $50.8M | 11% |
| Software And Platform Service | $49.6M | 10% |
| Merchant Payments | $42.4M | 9% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
