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Advantage Solutions Inc.（ADV）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Advantage Solutions Inc.的1.3倍（$1.2B vs $932.1M），Shift4 Payments, Inc.净利率更高（3.4% vs -17.4%，领先20.7%），Shift4 Payments, Inc.同比增速更快（34.0% vs 4.5%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $23.4M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 4.0%）
该公司是一家全球数据与分析企业，为众多行业提供数据技术服务、分析工具、预测洞察与欺诈防范方案，总部位于佐治亚州阿尔法利塔，在美国全境以及澳大利亚、巴西、中国、法国、中国香港、印度、爱尔兰、以色列、菲律宾、英国均设有办公地点。
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。
ADV vs FOUR — 直观对比
营收规模更大
FOUR
是对方的1.3倍
$932.1M
营收增速更快
FOUR
高出29.5%
4.5%
净利率更高
FOUR
高出20.7%
-17.4%
自由现金流更多
FOUR
多$199.1M
$23.4M
两年增速更快
FOUR
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $932.1M | $1.2B |
| 净利润 | $-161.7M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | -17.4% | 10.8% |
| 净利率 | -17.4% | 3.4% |
| 营收同比 | 4.5% | 34.0% |
| 净利润同比 | 9.2% | -65.3% |
| 每股收益（稀释后） | — | — |
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ADVFOUR
| Q4 25 | $932.1M | $1.2B | ||
| Q3 25 | $915.0M | $1.2B | ||
| Q2 25 | $873.7M | $966.2M | ||
| Q1 25 | $821.8M | $848.3M | ||
| Q4 24 | $892.3M | $887.0M | ||
| Q3 24 | $939.3M | $909.2M | ||
| Q2 24 | $873.4M | $827.0M | ||
| Q1 24 | $861.4M | $707.4M |
净利润ADVFOUR
| Q4 25 | $-161.7M | $40.2M | ||
| Q3 25 | $20.6M | $28.1M | ||
| Q2 25 | $-30.4M | $34.0M | ||
| Q1 25 | $-56.1M | $16.7M | ||
| Q4 24 | $-178.0M | $116.0M | ||
| Q3 24 | $-42.8M | $53.8M | ||
| Q2 24 | $-100.8M | $39.2M | ||
| Q1 24 | $-5.3M | $20.6M |
营业利润率ADVFOUR
| Q4 25 | -17.4% | 10.8% | ||
| Q3 25 | 4.4% | 9.7% | ||
| Q2 25 | 1.1% | 8.6% | ||
| Q1 25 | -1.8% | 3.0% | ||
| Q4 24 | -19.1% | 9.7% | ||
| Q3 24 | -0.3% | 8.8% | ||
| Q2 24 | -10.4% | 7.2% | ||
| Q1 24 | -3.5% | 3.0% |
净利率ADVFOUR
| Q4 25 | -17.4% | 3.4% | ||
| Q3 25 | 2.2% | 2.4% | ||
| Q2 25 | -3.5% | 3.5% | ||
| Q1 25 | -6.8% | 2.0% | ||
| Q4 24 | -20.0% | 13.1% | ||
| Q3 24 | -4.6% | 5.9% | ||
| Q2 24 | -11.5% | 4.7% | ||
| Q1 24 | -0.6% | 2.9% |
每股收益（稀释后）ADVFOUR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.31 | — | ||
| Q1 24 | $-0.02 | — |
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 | $240.8M | $964.0M |
| 总债务越低越好 | $1.7B | $4.5B |
| 股东权益账面价值 | $554.0M | $1.4B |
| 总资产 | $2.8B | $8.7B |
| 负债/权益比越低杠杆越低 | 3.05× | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资ADVFOUR
| Q4 25 | $240.8M | $964.0M | ||
| Q3 25 | $201.1M | $1.5B | ||
| Q2 25 | $102.9M | $3.0B | ||
| Q1 25 | $121.1M | $1.2B | ||
| Q4 24 | $205.2M | $1.2B | ||
| Q3 24 | $196.1M | $1.4B | ||
| Q2 24 | $154.0M | $205.0M | ||
| Q1 24 | $112.3M | $522.9M |
总债务ADVFOUR
| Q4 25 | $1.7B | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADVFOUR
| Q4 25 | $554.0M | $1.4B | ||
| Q3 25 | $708.5M | $1.7B | ||
| Q2 25 | $683.6M | $1.6B | ||
| Q1 25 | $695.6M | $805.2M | ||
| Q4 24 | $748.7M | $806.6M | ||
| Q3 24 | $932.5M | $811.8M | ||
| Q2 24 | $973.7M | $700.8M | ||
| Q1 24 | $1.1B | $674.5M |
总资产ADVFOUR
| Q4 25 | $2.8B | $8.7B | ||
| Q3 25 | $3.0B | $9.0B | ||
| Q2 25 | $3.0B | $7.0B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.1B | $5.0B | ||
| Q3 24 | $3.4B | $5.0B | ||
| Q2 24 | $3.5B | $3.5B | ||
| Q1 24 | $3.6B | $3.4B |
负债/权益比ADVFOUR
| Q4 25 | 3.05× | 3.15× | ||
| Q3 25 | — | 2.83× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | 2.30× | 3.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $45.6M | $223.7M |
| 自由现金流经营现金流 - 资本支出 | $23.4M | $222.5M |
| 自由现金流率自由现金流/营收 | 2.5% | 18.7% |
| 资本支出强度资本支出/营收 | 2.4% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.56× |
| 过去12个月自由现金流最近4个季度 | $10.7M | $624.0M |
8季度趋势，按日历期对齐
经营现金流ADVFOUR
| Q4 25 | $45.6M | $223.7M | ||
| Q3 25 | $63.6M | $171.8M | ||
| Q2 25 | $-8.1M | $141.9M | ||
| Q1 25 | $-39.6M | $96.6M | ||
| Q4 24 | $15.1M | $145.4M | ||
| Q3 24 | $34.0M | $182.1M | ||
| Q2 24 | $53.4M | $116.1M | ||
| Q1 24 | $-9.4M | $56.7M |
自由现金流ADVFOUR
| Q4 25 | $23.4M | $222.5M | ||
| Q3 25 | $52.2M | $165.4M | ||
| Q2 25 | $-10.2M | $141.0M | ||
| Q1 25 | $-54.7M | $95.1M | ||
| Q4 24 | $-27.4M | $143.8M | ||
| Q3 24 | $8.6M | $180.1M | ||
| Q2 24 | $43.8M | $113.9M | ||
| Q1 24 | $-24.8M | $55.4M |
自由现金流率ADVFOUR
| Q4 25 | 2.5% | 18.7% | ||
| Q3 25 | 5.7% | 14.1% | ||
| Q2 25 | -1.2% | 14.6% | ||
| Q1 25 | -6.7% | 11.2% | ||
| Q4 24 | -3.1% | 16.2% | ||
| Q3 24 | 0.9% | 19.8% | ||
| Q2 24 | 5.0% | 13.8% | ||
| Q1 24 | -2.9% | 7.8% |
资本支出强度ADVFOUR
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 1.3% | 0.5% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 4.8% | 0.2% | ||
| Q3 24 | 2.7% | 0.2% | ||
| Q2 24 | 1.1% | 0.3% | ||
| Q1 24 | 1.8% | 0.2% |
现金转化率ADVFOUR
| Q4 25 | — | 5.56× | ||
| Q3 25 | 3.09× | 6.11× | ||
| Q2 25 | — | 4.17× | ||
| Q1 25 | — | 5.78× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 3.38× | ||
| Q2 24 | — | 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
ADV
| Experiential Services | $395.9M | 42% |
| Branded Services | $289.8M | 31% |
| Retailer Services | $246.5M | 26% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
