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ACV Auctions Inc.（ACVA）与安朗杰（ALLE）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是ACV Auctions Inc.的5.6倍（$1.0B vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs 9.3%）。安朗杰自由现金流更多（$200.5M vs $-14.7M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs 7.5%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
ACVA vs ALLE — 直观对比
营收规模更大
ALLE
是对方的5.6倍
$183.6M
营收增速更快
ACVA
高出5.9%
9.3%
自由现金流更多
ALLE
多$215.2M
$-14.7M
两年增速更快
ACVA
近两年复合增速
7.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $1.0B |
| 净利润 | — | $147.5M |
| 毛利率 | — | 44.5% |
| 营业利润率 | -9.7% | 20.3% |
| 净利率 | — | 14.3% |
| 营收同比 | 15.1% | 9.3% |
| 净利润同比 | — | 2.4% |
| 每股收益（稀释后） | $-0.12 | $1.70 |
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ACVAALLE
| Q4 25 | $183.6M | $1.0B | ||
| Q3 25 | $199.6M | $1.1B | ||
| Q2 25 | $193.7M | $1.0B | ||
| Q1 25 | $182.7M | $941.9M | ||
| Q4 24 | $159.5M | $945.6M | ||
| Q3 24 | $171.3M | $967.1M | ||
| Q2 24 | $160.6M | $965.6M | ||
| Q1 24 | $145.7M | $893.9M |
净利润ACVAALLE
| Q4 25 | — | $147.5M | ||
| Q3 25 | $-24.5M | $188.4M | ||
| Q2 25 | $-7.3M | $159.7M | ||
| Q1 25 | $-14.8M | $148.2M | ||
| Q4 24 | — | $144.1M | ||
| Q3 24 | $-16.0M | $174.2M | ||
| Q2 24 | $-17.1M | $155.4M | ||
| Q1 24 | $-20.5M | $123.8M |
毛利率ACVAALLE
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 44.9% | ||
| Q4 24 | — | 44.1% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 43.8% |
营业利润率ACVAALLE
| Q4 25 | -9.7% | 20.3% | ||
| Q3 25 | -11.9% | 21.8% | ||
| Q2 25 | -3.7% | 21.5% | ||
| Q1 25 | -7.9% | 20.9% | ||
| Q4 24 | -16.2% | 19.5% | ||
| Q3 24 | -10.0% | 22.2% | ||
| Q2 24 | -11.6% | 21.6% | ||
| Q1 24 | -15.5% | 19.3% |
净利率ACVAALLE
| Q4 25 | — | 14.3% | ||
| Q3 25 | -12.3% | 17.6% | ||
| Q2 25 | -3.8% | 15.6% | ||
| Q1 25 | -8.1% | 15.7% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | -9.4% | 18.0% | ||
| Q2 24 | -10.6% | 16.1% | ||
| Q1 24 | -14.1% | 13.8% |
每股收益（稀释后）ACVAALLE
| Q4 25 | $-0.12 | $1.70 | ||
| Q3 25 | $-0.14 | $2.18 | ||
| Q2 25 | $-0.04 | $1.85 | ||
| Q1 25 | $-0.09 | $1.71 | ||
| Q4 24 | $-0.15 | $1.65 | ||
| Q3 24 | $-0.10 | $1.99 | ||
| Q2 24 | $-0.10 | $1.77 | ||
| Q1 24 | $-0.13 | $1.41 |
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 | $271.5M | $356.2M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $429.7M | $2.1B |
| 总资产 | $1.1B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ACVAALLE
| Q4 25 | $271.5M | $356.2M | ||
| Q3 25 | $265.3M | $302.7M | ||
| Q2 25 | $258.4M | $656.8M | ||
| Q1 25 | $291.9M | $494.5M | ||
| Q4 24 | $224.1M | $503.8M | ||
| Q3 24 | $252.5M | $878.9M | ||
| Q2 24 | $215.0M | $747.5M | ||
| Q1 24 | $209.8M | $391.8M |
总债务ACVAALLE
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.0B |
股东权益ACVAALLE
| Q4 25 | $429.7M | $2.1B | ||
| Q3 25 | $434.4M | $1.9B | ||
| Q2 25 | $448.8M | $1.8B | ||
| Q1 25 | $439.6M | $1.6B | ||
| Q4 24 | $440.0M | $1.5B | ||
| Q3 24 | $456.2M | $1.6B | ||
| Q2 24 | $457.6M | $1.4B | ||
| Q1 24 | $458.3M | $1.4B |
总资产ACVAALLE
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.2B | $5.2B | ||
| Q2 25 | $1.1B | $4.9B | ||
| Q1 25 | $1.2B | $4.6B | ||
| Q4 24 | $984.1M | $4.5B | ||
| Q3 24 | $1.0B | $5.0B | ||
| Q2 24 | $1.0B | $4.8B | ||
| Q1 24 | $1.0B | $4.3B |
负债/权益比ACVAALLE
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | — | 1.49× |
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 | $-12.4M | $240.1M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $200.5M |
| 自由现金流率自由现金流/营收 | -8.0% | 19.4% |
| 资本支出强度资本支出/营收 | 1.2% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 1.63× |
| 过去12个月自由现金流最近4个季度 | $69.1M | $685.7M |
8季度趋势，按日历期对齐
经营现金流ACVAALLE
| Q4 25 | $-12.4M | $240.1M | ||
| Q3 25 | $10.3M | $229.5M | ||
| Q2 25 | $13.7M | $209.7M | ||
| Q1 25 | $66.6M | $104.5M | ||
| Q4 24 | $-3.2M | $219.0M | ||
| Q3 24 | $21.1M | $231.9M | ||
| Q2 24 | $4.5M | $173.0M | ||
| Q1 24 | $43.0M | $51.1M |
自由现金流ACVAALLE
| Q4 25 | $-14.7M | $200.5M | ||
| Q3 25 | $7.7M | $209.8M | ||
| Q2 25 | $10.9M | $192.0M | ||
| Q1 25 | $65.3M | $83.4M | ||
| Q4 24 | $-3.9M | $194.9M | ||
| Q3 24 | $20.2M | $212.0M | ||
| Q2 24 | $2.7M | $152.1M | ||
| Q1 24 | $41.9M | $23.9M |
自由现金流率ACVAALLE
| Q4 25 | -8.0% | 19.4% | ||
| Q3 25 | 3.8% | 19.6% | ||
| Q2 25 | 5.6% | 18.8% | ||
| Q1 25 | 35.7% | 8.9% | ||
| Q4 24 | -2.5% | 20.6% | ||
| Q3 24 | 11.8% | 21.9% | ||
| Q2 24 | 1.7% | 15.8% | ||
| Q1 24 | 28.8% | 2.7% |
资本支出强度ACVAALLE
| Q4 25 | 1.2% | 3.8% | ||
| Q3 25 | 1.3% | 1.8% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.4% | 2.5% | ||
| Q3 24 | 0.6% | 2.1% | ||
| Q2 24 | 1.1% | 2.2% | ||
| Q1 24 | 0.7% | 3.0% |
现金转化率ACVAALLE
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 0.41× |
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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
