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ACI WORLDWIDE, INC.（ACIW）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是ACI WORLDWIDE, INC.的1.8倍（$846.8M vs $481.6M），Trade Desk (The)净利率更高（22.1% vs 13.4%，领先8.7%），Trade Desk (The)同比增速更快（14.3% vs 6.3%），Trade Desk (The)自由现金流更多（$285.3M vs $116.6M），过去两年Trade Desk (The)的营收复合增速更高（31.3% 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。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
ACIW vs TTD — 直观对比
营收规模更大
TTD
是对方的1.8倍
$481.6M
营收增速更快
TTD
高出8.0%
6.3%
净利率更高
TTD
高出8.7%
13.4%
自由现金流更多
TTD
多$168.7M
$116.6M
两年增速更快
TTD
近两年复合增速
23.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $846.8M |
| 净利润 | $64.3M | $186.9M |
| 毛利率 | 53.0% | 80.7% |
| 营业利润率 | 22.6% | 30.3% |
| 净利率 | 13.4% | 22.1% |
| 营收同比 | 6.3% | 14.3% |
| 净利润同比 | -34.7% | 2.6% |
| 每股收益（稀释后） | $0.61 | $0.39 |
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ACIWTTD
| Q4 25 | $481.6M | $846.8M | ||
| Q3 25 | $482.4M | $739.4M | ||
| Q2 25 | $401.3M | $694.0M | ||
| Q1 25 | $394.6M | $616.0M | ||
| Q4 24 | $453.0M | $741.0M | ||
| Q3 24 | $451.8M | $628.0M | ||
| Q2 24 | $373.5M | $584.5M | ||
| Q1 24 | $316.0M | $491.3M |
净利润ACIWTTD
| Q4 25 | $64.3M | $186.9M | ||
| Q3 25 | $91.3M | $115.5M | ||
| Q2 25 | $12.2M | $90.1M | ||
| Q1 25 | $58.9M | $50.7M | ||
| Q4 24 | $98.6M | $182.2M | ||
| Q3 24 | $81.4M | $94.2M | ||
| Q2 24 | $30.9M | $85.0M | ||
| Q1 24 | $-7.8M | $31.7M |
毛利率ACIWTTD
| Q4 25 | 53.0% | 80.7% | ||
| Q3 25 | 53.7% | 78.1% | ||
| Q2 25 | 41.5% | 78.2% | ||
| Q1 25 | 45.9% | 76.8% | ||
| Q4 24 | 55.8% | 81.7% | ||
| Q3 24 | 56.3% | 80.5% | ||
| Q2 24 | 45.6% | 81.1% | ||
| Q1 24 | 39.5% | 78.9% |
营业利润率ACIWTTD
| Q4 25 | 22.6% | 30.3% | ||
| Q3 25 | 26.5% | 21.8% | ||
| Q2 25 | 8.7% | 16.8% | ||
| Q1 25 | 14.8% | 8.8% | ||
| Q4 24 | 27.0% | 26.4% | ||
| Q3 24 | 27.1% | 17.3% | ||
| Q2 24 | 14.4% | 16.2% | ||
| Q1 24 | 3.0% | 5.8% |
净利率ACIWTTD
| Q4 25 | 13.4% | 22.1% | ||
| Q3 25 | 18.9% | 15.6% | ||
| Q2 25 | 3.0% | 13.0% | ||
| Q1 25 | 14.9% | 8.2% | ||
| Q4 24 | 21.8% | 24.6% | ||
| Q3 24 | 18.0% | 15.0% | ||
| Q2 24 | 8.3% | 14.5% | ||
| Q1 24 | -2.5% | 6.4% |
每股收益（稀释后）ACIWTTD
| Q4 25 | $0.61 | $0.39 | ||
| Q3 25 | $0.88 | $0.23 | ||
| Q2 25 | $0.12 | $0.18 | ||
| Q1 25 | $0.55 | $0.10 | ||
| Q4 24 | $0.92 | $0.36 | ||
| Q3 24 | $0.77 | $0.19 | ||
| Q2 24 | $0.29 | $0.17 | ||
| Q1 24 | $-0.07 | $0.06 |
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 | $1.3B |
| 总债务越低越好 | $817.6M | — |
| 股东权益账面价值 | $1.5B | $2.5B |
| 总资产 | $3.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资ACIWTTD
| Q4 25 | $196.5M | $1.3B | ||
| Q3 25 | $199.3M | $1.4B | ||
| Q2 25 | $189.7M | $1.7B | ||
| Q1 25 | $230.1M | $1.7B | ||
| Q4 24 | $216.4M | $1.9B | ||
| Q3 24 | $177.9M | $1.7B | ||
| Q2 24 | $157.0M | $1.5B | ||
| Q1 24 | $183.4M | $1.4B |
总债务ACIWTTD
| Q4 25 | $817.6M | — | ||
| Q3 25 | $867.8M | — | ||
| Q2 25 | $898.0M | — | ||
| Q1 25 | $845.9M | — | ||
| Q4 24 | $924.6M | — | ||
| Q3 24 | $994.3M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
股东权益ACIWTTD
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.3B | $2.2B |
总资产ACIWTTD
| Q4 25 | $3.1B | $6.2B | ||
| Q3 25 | $3.2B | $5.9B | ||
| Q2 25 | $3.1B | $6.0B | ||
| Q1 25 | $3.2B | $5.7B | ||
| Q4 24 | $3.0B | $6.1B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $3.4B | $5.2B | ||
| Q1 24 | $3.3B | $4.7B |
负债/权益比ACIWTTD
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 0.65× | — | ||
| 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 | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $116.6M | $285.3M |
| 自由现金流率自由现金流/营收 | 24.2% | 33.7% |
| 资本支出强度资本支出/营收 | 1.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.89× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $309.9M | $795.7M |
8季度趋势，按日历期对齐
经营现金流ACIWTTD
| Q4 25 | $121.8M | $311.6M | ||
| Q3 25 | $73.0M | $224.7M | ||
| Q2 25 | $49.8M | $165.0M | ||
| Q1 25 | $78.2M | $291.4M | ||
| Q4 24 | $126.5M | $199.4M | ||
| Q3 24 | $54.0M | $273.3M | ||
| Q2 24 | $55.0M | $81.3M | ||
| Q1 24 | $123.2M | $185.5M |
自由现金流ACIWTTD
| Q4 25 | $116.6M | $285.3M | ||
| Q3 25 | $69.6M | $158.3M | ||
| Q2 25 | $47.6M | $119.8M | ||
| Q1 25 | $76.1M | $232.3M | ||
| Q4 24 | $119.5M | $179.2M | ||
| Q3 24 | $50.5M | $224.6M | ||
| Q2 24 | $53.3M | $59.1M | ||
| Q1 24 | $120.0M | $178.2M |
自由现金流率ACIWTTD
| Q4 25 | 24.2% | 33.7% | ||
| Q3 25 | 14.4% | 21.4% | ||
| Q2 25 | 11.9% | 17.3% | ||
| Q1 25 | 19.3% | 37.7% | ||
| Q4 24 | 26.4% | 24.2% | ||
| Q3 24 | 11.2% | 35.8% | ||
| Q2 24 | 14.3% | 10.1% | ||
| Q1 24 | 38.0% | 36.3% |
资本支出强度ACIWTTD
| Q4 25 | 1.1% | 3.1% | ||
| Q3 25 | 0.7% | 9.0% | ||
| Q2 25 | 0.5% | 6.5% | ||
| Q1 25 | 0.5% | 9.6% | ||
| Q4 24 | 1.5% | 2.7% | ||
| Q3 24 | 0.8% | 7.8% | ||
| Q2 24 | 0.5% | 3.8% | ||
| Q1 24 | 1.0% | 1.5% |
现金转化率ACIWTTD
| Q4 25 | 1.89× | 1.67× | ||
| Q3 25 | 0.80× | 1.94× | ||
| Q2 25 | 4.08× | 1.83× | ||
| Q1 25 | 1.33× | 5.75× | ||
| Q4 24 | 1.28× | 1.09× | ||
| Q3 24 | 0.66× | 2.90× | ||
| Q2 24 | 1.78× | 0.96× | ||
| Q1 24 | — | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
