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ACV Auctions Inc.（ACVA）与FISERV INC（FISV）财务数据对比。点击上方公司名可切换其他公司
FISERV INC的季度营收约是ACV Auctions Inc.的28.8倍（$5.3B vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs 0.6%）。FISERV INC自由现金流更多（$1.5B vs $-14.7M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs 4.0%）
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。
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
ACVA vs FISV — 直观对比
营收规模更大
FISV
是对方的28.8倍
$183.6M
营收增速更快
ACVA
高出14.5%
0.6%
自由现金流更多
FISV
多$1.5B
$-14.7M
两年增速更快
ACVA
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $5.3B |
| 净利润 | — | $811.0M |
| 毛利率 | — | — |
| 营业利润率 | -9.7% | 24.4% |
| 净利率 | — | 15.3% |
| 营收同比 | 15.1% | 0.6% |
| 净利润同比 | — | -13.5% |
| 每股收益（稀释后） | $-0.12 | $1.51 |
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ACVAFISV
| Q4 25 | $183.6M | $5.3B | ||
| Q3 25 | $199.6M | $5.3B | ||
| Q2 25 | $193.7M | $5.5B | ||
| Q1 25 | $182.7M | $5.1B | ||
| Q4 24 | $159.5M | $5.3B | ||
| Q3 24 | $171.3M | $5.2B | ||
| Q2 24 | $160.6M | $5.1B | ||
| Q1 24 | $145.7M | $4.9B |
净利润ACVAFISV
| Q4 25 | — | $811.0M | ||
| Q3 25 | $-24.5M | $792.0M | ||
| Q2 25 | $-7.3M | $1.0B | ||
| Q1 25 | $-14.8M | $851.0M | ||
| Q4 24 | — | $938.0M | ||
| Q3 24 | $-16.0M | $564.0M | ||
| Q2 24 | $-17.1M | $894.0M | ||
| Q1 24 | $-20.5M | $735.0M |
营业利润率ACVAFISV
| Q4 25 | -9.7% | 24.4% | ||
| Q3 25 | -11.9% | 27.3% | ||
| Q2 25 | -3.7% | 30.7% | ||
| Q1 25 | -7.9% | 27.2% | ||
| Q4 24 | -16.2% | 31.8% | ||
| Q3 24 | -10.0% | 30.7% | ||
| Q2 24 | -11.6% | 28.0% | ||
| Q1 24 | -15.5% | 24.2% |
净利率ACVAFISV
| Q4 25 | — | 15.3% | ||
| Q3 25 | -12.3% | 15.0% | ||
| Q2 25 | -3.8% | 18.6% | ||
| Q1 25 | -8.1% | 16.6% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | -9.4% | 10.8% | ||
| Q2 24 | -10.6% | 17.5% | ||
| Q1 24 | -14.1% | 15.1% |
每股收益（稀释后）ACVAFISV
| Q4 25 | $-0.12 | $1.51 | ||
| Q3 25 | $-0.14 | $1.46 | ||
| Q2 25 | $-0.04 | $1.86 | ||
| Q1 25 | $-0.09 | $1.51 | ||
| Q4 24 | $-0.15 | $1.63 | ||
| Q3 24 | $-0.10 | $0.98 | ||
| Q2 24 | $-0.10 | $1.53 | ||
| Q1 24 | $-0.13 | $1.24 |
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 | $798.0M |
| 总债务越低越好 | — | $27.8B |
| 股东权益账面价值 | $429.7M | $25.8B |
| 总资产 | $1.1B | $80.1B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资ACVAFISV
| Q4 25 | $271.5M | $798.0M | ||
| Q3 25 | $265.3M | $1.1B | ||
| Q2 25 | $258.4M | $999.0M | ||
| Q1 25 | $291.9M | $1.2B | ||
| Q4 24 | $224.1M | $1.2B | ||
| Q3 24 | $252.5M | $1.2B | ||
| Q2 24 | $215.0M | $1.2B | ||
| Q1 24 | $209.8M | $1.2B |
总债务ACVAFISV
| Q4 25 | — | $27.8B | ||
| Q3 25 | — | $28.9B | ||
| Q2 25 | — | $28.1B | ||
| Q1 25 | — | $27.0B | ||
| Q4 24 | — | $23.7B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.4B | ||
| Q1 24 | — | $23.8B |
股东权益ACVAFISV
| Q4 25 | $429.7M | $25.8B | ||
| Q3 25 | $434.4M | $25.1B | ||
| Q2 25 | $448.8M | $25.2B | ||
| Q1 25 | $439.6M | $25.9B | ||
| Q4 24 | $440.0M | $27.1B | ||
| Q3 24 | $456.2M | $27.8B | ||
| Q2 24 | $457.6M | $28.2B | ||
| Q1 24 | $458.3M | $28.8B |
总资产ACVAFISV
| Q4 25 | $1.1B | $80.1B | ||
| Q3 25 | $1.2B | $79.4B | ||
| Q2 25 | $1.1B | $81.5B | ||
| Q1 25 | $1.2B | $80.4B | ||
| Q4 24 | $984.1M | $77.2B | ||
| Q3 24 | $1.0B | $79.8B | ||
| Q2 24 | $1.0B | $93.4B | ||
| Q1 24 | $1.0B | $92.7B |
负债/权益比ACVAFISV
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.82× |
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 | $1.9B |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $1.5B |
| 自由现金流率自由现金流/营收 | -8.0% | 28.4% |
| 资本支出强度资本支出/营收 | 1.2% | 8.4% |
| 现金转化率经营现金流/净利润 | — | 2.40× |
| 过去12个月自由现金流最近4个季度 | $69.1M | $4.3B |
8季度趋势，按日历期对齐
经营现金流ACVAFISV
| Q4 25 | $-12.4M | $1.9B | ||
| Q3 25 | $10.3M | $1.8B | ||
| Q2 25 | $13.7M | $1.7B | ||
| Q1 25 | $66.6M | $648.0M | ||
| Q4 24 | $-3.2M | $2.2B | ||
| Q3 24 | $21.1M | $2.2B | ||
| Q2 24 | $4.5M | $1.3B | ||
| Q1 24 | $43.0M | $831.0M |
自由现金流ACVAFISV
| Q4 25 | $-14.7M | $1.5B | ||
| Q3 25 | $7.7M | $1.3B | ||
| Q2 25 | $10.9M | $1.2B | ||
| Q1 25 | $65.3M | $313.0M | ||
| Q4 24 | $-3.9M | $1.8B | ||
| Q3 24 | $20.2M | $1.8B | ||
| Q2 24 | $2.7M | $993.0M | ||
| Q1 24 | $41.9M | $411.0M |
自由现金流率ACVAFISV
| Q4 25 | -8.0% | 28.4% | ||
| Q3 25 | 3.8% | 24.7% | ||
| Q2 25 | 5.6% | 21.5% | ||
| Q1 25 | 35.7% | 6.1% | ||
| Q4 24 | -2.5% | 34.7% | ||
| Q3 24 | 11.8% | 35.2% | ||
| Q2 24 | 1.7% | 19.4% | ||
| Q1 24 | 28.8% | 8.4% |
资本支出强度ACVAFISV
| Q4 25 | 1.2% | 8.4% | ||
| Q3 25 | 1.3% | 9.6% | ||
| Q2 25 | 1.5% | 8.7% | ||
| Q1 25 | 0.7% | 6.5% | ||
| Q4 24 | 0.4% | 7.6% | ||
| Q3 24 | 0.6% | 7.7% | ||
| Q2 24 | 1.1% | 6.8% | ||
| Q1 24 | 0.7% | 8.6% |
现金转化率ACVAFISV
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 1.13× |
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% |
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
