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ACV Auctions Inc.（ACVA）与American Well Corp（AMWL）财务数据对比。点击上方公司名可切换其他公司
ACV Auctions Inc.的季度营收约是American Well Corp的3.3倍（$183.6M vs $55.3M）。ACV Auctions Inc.同比增速更快（15.1% vs -22.1%）。ACV Auctions Inc.自由现金流更多（$-14.7M vs $-17.4M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs -3.6%）
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。
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
ACVA vs AMWL — 直观对比
营收规模更大
ACVA
是对方的3.3倍
$55.3M
营收增速更快
ACVA
高出37.2%
-22.1%
自由现金流更多
ACVA
多$2.7M
$-17.4M
两年增速更快
ACVA
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $55.3M |
| 净利润 | — | $-24.9M |
| 毛利率 | — | — |
| 营业利润率 | -9.7% | -45.5% |
| 净利率 | — | -45.1% |
| 营收同比 | 15.1% | -22.1% |
| 净利润同比 | — | 41.6% |
| 每股收益（稀释后） | $-0.12 | $-1.53 |
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ACVAAMWL
| Q4 25 | $183.6M | $55.3M | ||
| Q3 25 | $199.6M | $56.3M | ||
| Q2 25 | $193.7M | $70.9M | ||
| Q1 25 | $182.7M | $66.8M | ||
| Q4 24 | $159.5M | $71.0M | ||
| Q3 24 | $171.3M | $61.0M | ||
| Q2 24 | $160.6M | $62.8M | ||
| Q1 24 | $145.7M | $59.5M |
净利润ACVAAMWL
| Q4 25 | — | $-24.9M | ||
| Q3 25 | $-24.5M | $-32.4M | ||
| Q2 25 | $-7.3M | $-19.7M | ||
| Q1 25 | $-14.8M | $-18.7M | ||
| Q4 24 | — | $-42.7M | ||
| Q3 24 | $-16.0M | $-43.5M | ||
| Q2 24 | $-17.1M | $-49.9M | ||
| Q1 24 | $-20.5M | $-72.1M |
营业利润率ACVAAMWL
| Q4 25 | -9.7% | -45.5% | ||
| Q3 25 | -11.9% | -52.1% | ||
| Q2 25 | -3.7% | -28.7% | ||
| Q1 25 | -7.9% | -45.5% | ||
| Q4 24 | -16.2% | -60.2% | ||
| Q3 24 | -10.0% | -77.6% | ||
| Q2 24 | -11.6% | -83.4% | ||
| Q1 24 | -15.5% | -126.1% |
净利率ACVAAMWL
| Q4 25 | — | -45.1% | ||
| Q3 25 | -12.3% | -57.5% | ||
| Q2 25 | -3.8% | -27.8% | ||
| Q1 25 | -8.1% | -28.0% | ||
| Q4 24 | — | -60.1% | ||
| Q3 24 | -9.4% | -71.2% | ||
| Q2 24 | -10.6% | -79.5% | ||
| Q1 24 | -14.1% | -121.1% |
每股收益（稀释后）ACVAAMWL
| Q4 25 | $-0.12 | $-1.53 | ||
| Q3 25 | $-0.14 | $-2.00 | ||
| Q2 25 | $-0.04 | $-1.24 | ||
| Q1 25 | $-0.09 | $-1.19 | ||
| Q4 24 | $-0.15 | $-2.71 | ||
| Q3 24 | $-0.10 | $-2.87 | ||
| Q2 24 | $-0.10 | $-3.36 | ||
| Q1 24 | $-0.13 | $-4.94 |
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 | $182.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $429.7M | $235.6M |
| 总资产 | $1.1B | $323.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACVAAMWL
| Q4 25 | $271.5M | $182.3M | ||
| Q3 25 | $265.3M | $200.9M | ||
| Q2 25 | $258.4M | $219.1M | ||
| Q1 25 | $291.9M | $222.4M | ||
| Q4 24 | $224.1M | $228.3M | ||
| Q3 24 | $252.5M | $244.6M | ||
| Q2 24 | $215.0M | $276.9M | ||
| Q1 24 | $209.8M | $308.6M |
股东权益ACVAAMWL
| Q4 25 | $429.7M | $235.6M | ||
| Q3 25 | $434.4M | $254.9M | ||
| Q2 25 | $448.8M | $282.6M | ||
| Q1 25 | $439.6M | $294.0M | ||
| Q4 24 | $440.0M | $304.8M | ||
| Q3 24 | $456.2M | $336.7M | ||
| Q2 24 | $457.6M | $363.9M | ||
| Q1 24 | $458.3M | $408.7M |
总资产ACVAAMWL
| Q4 25 | $1.1B | $323.8M | ||
| Q3 25 | $1.2B | $359.4M | ||
| Q2 25 | $1.1B | $388.7M | ||
| Q1 25 | $1.2B | $419.5M | ||
| Q4 24 | $984.1M | $436.0M | ||
| Q3 24 | $1.0B | $483.0M | ||
| Q2 24 | $1.0B | $507.8M | ||
| Q1 24 | $1.0B | $548.4M |
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 | $-17.4M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $-17.4M |
| 自由现金流率自由现金流/营收 | -8.0% | -31.4% |
| 资本支出强度资本支出/营收 | 1.2% | 0.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $69.1M | — |
8季度趋势，按日历期对齐
经营现金流ACVAAMWL
| Q4 25 | $-12.4M | $-17.4M | ||
| Q3 25 | $10.3M | $-18.8M | ||
| Q2 25 | $13.7M | $-4.7M | ||
| Q1 25 | $66.6M | $-25.1M | ||
| Q4 24 | $-3.2M | $-13.4M | ||
| Q3 24 | $21.1M | $-32.4M | ||
| Q2 24 | $4.5M | $-21.8M | ||
| Q1 24 | $43.0M | $-59.8M |
自由现金流ACVAAMWL
| Q4 25 | $-14.7M | $-17.4M | ||
| Q3 25 | $7.7M | — | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $65.3M | $-25.1M | ||
| Q4 24 | $-3.9M | $-13.4M | ||
| Q3 24 | $20.2M | $-32.4M | ||
| Q2 24 | $2.7M | $-21.8M | ||
| Q1 24 | $41.9M | $-59.8M |
自由现金流率ACVAAMWL
| Q4 25 | -8.0% | -31.4% | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 35.7% | -37.6% | ||
| Q4 24 | -2.5% | -18.9% | ||
| Q3 24 | 11.8% | -53.0% | ||
| Q2 24 | 1.7% | -34.7% | ||
| Q1 24 | 28.8% | -100.5% |
资本支出强度ACVAAMWL
| Q4 25 | 1.2% | 0.0% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.4% | 0.0% | ||
| Q3 24 | 0.6% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 0.7% | 0.1% |
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% |
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
