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C3.ai, Inc.（AI）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是C3.ai, Inc.的48.9倍（$3.7B vs $75.1M）。SHOPIFY INC.净利率更高（20.2% vs -139.3%，领先159.5%）。SHOPIFY INC.同比增速更快（30.6% vs -20.3%）。SHOPIFY INC.自由现金流更多（$715.0M vs $-46.9M）。过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs -2.1%）
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
AI vs SHOP — 直观对比
营收规模更大
SHOP
是对方的48.9倍
$75.1M
营收增速更快
SHOP
高出50.9%
-20.3%
净利率更高
SHOP
高出159.5%
-139.3%
自由现金流更多
SHOP
多$761.9M
$-46.9M
两年增速更快
SHOP
近两年复合增速
-2.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $3.7B |
| 净利润 | $-104.7M | $743.0M |
| 毛利率 | 40.4% | 46.1% |
| 营业利润率 | -149.2% | 17.2% |
| 净利率 | -139.3% | 20.2% |
| 营收同比 | -20.3% | 30.6% |
| 净利润同比 | -58.7% | -42.5% |
| 每股收益（稀释后） | $-0.75 | $0.58 |
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AISHOP
| Q4 25 | $75.1M | $3.7B | ||
| Q3 25 | $70.3M | $2.8B | ||
| Q2 25 | $108.7M | $2.7B | ||
| Q1 25 | $98.8M | $2.4B | ||
| Q4 24 | $94.3M | $2.8B | ||
| Q3 24 | $87.2M | $2.2B | ||
| Q2 24 | $86.6M | $2.0B | ||
| Q1 24 | $78.4M | $1.9B |
净利润AISHOP
| Q4 25 | $-104.7M | $743.0M | ||
| Q3 25 | $-116.8M | $264.0M | ||
| Q2 25 | $-79.7M | $906.0M | ||
| Q1 25 | $-80.2M | $-682.0M | ||
| Q4 24 | $-66.0M | $1.3B | ||
| Q3 24 | $-62.8M | $828.0M | ||
| Q2 24 | $-72.9M | $171.0M | ||
| Q1 24 | $-72.6M | $-273.0M |
毛利率AISHOP
| Q4 25 | 40.4% | 46.1% | ||
| Q3 25 | 37.6% | 48.9% | ||
| Q2 25 | 62.1% | 48.6% | ||
| Q1 25 | 59.1% | 49.5% | ||
| Q4 24 | 61.3% | 48.1% | ||
| Q3 24 | 59.8% | 51.7% | ||
| Q2 24 | 59.6% | 51.1% | ||
| Q1 24 | 57.8% | 51.4% |
营业利润率AISHOP
| Q4 25 | -149.2% | 17.2% | ||
| Q3 25 | -177.7% | 12.1% | ||
| Q2 25 | -81.8% | 10.9% | ||
| Q1 25 | -88.7% | 8.6% | ||
| Q4 24 | -79.8% | 16.5% | ||
| Q3 24 | -83.2% | 13.1% | ||
| Q2 24 | -95.1% | 11.8% | ||
| Q1 24 | -105.3% | 4.6% |
净利率AISHOP
| Q4 25 | -139.3% | 20.2% | ||
| Q3 25 | -166.2% | 9.3% | ||
| Q2 25 | -73.3% | 33.8% | ||
| Q1 25 | -81.2% | -28.9% | ||
| Q4 24 | -69.9% | 46.0% | ||
| Q3 24 | -72.0% | 38.3% | ||
| Q2 24 | -84.2% | 8.4% | ||
| Q1 24 | -92.6% | -14.7% |
每股收益（稀释后）AISHOP
| Q4 25 | $-0.75 | $0.58 | ||
| Q3 25 | $-0.86 | $0.20 | ||
| Q2 25 | $-0.60 | $0.69 | ||
| Q1 25 | $-0.62 | $-0.53 | ||
| Q4 24 | $-0.52 | $0.99 | ||
| Q3 24 | $-0.50 | $0.64 | ||
| Q2 24 | $-0.59 | $0.13 | ||
| Q1 24 | $-0.60 | $-0.21 |
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 | $675.0M | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $771.9M | $13.5B |
| 总资产 | $961.3M | $15.2B |
| 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AISHOP
| Q4 25 | $675.0M | $5.8B | ||
| Q3 25 | $711.9M | $6.3B | ||
| Q2 25 | $742.7M | $5.8B | ||
| Q1 25 | $724.3M | $5.5B | ||
| Q4 24 | $730.4M | $5.5B | ||
| Q3 24 | $762.5M | — | ||
| Q2 24 | $750.4M | — | ||
| Q1 24 | $723.3M | — |
股东权益AISHOP
| Q4 25 | $771.9M | $13.5B | ||
| Q3 25 | $798.8M | $12.5B | ||
| Q2 25 | $838.3M | $12.1B | ||
| Q1 25 | $860.2M | $11.1B | ||
| Q4 24 | $859.0M | $11.6B | ||
| Q3 24 | $874.9M | $10.1B | ||
| Q2 24 | $873.4M | $9.2B | ||
| Q1 24 | $898.0M | $8.9B |
总资产AISHOP
| Q4 25 | $961.3M | $15.2B | ||
| Q3 25 | $968.7M | $15.0B | ||
| Q2 25 | $1.0B | $14.6B | ||
| Q1 25 | $1.1B | $13.4B | ||
| Q4 24 | $1.0B | $13.9B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
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 | $-46.5M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $715.0M |
| 自由现金流率自由现金流/营收 | -62.4% | 19.5% |
| 资本支出强度资本支出/营收 | 0.5% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $-93.2M | $2.0B |
8季度趋势，按日历期对齐
经营现金流AISHOP
| Q4 25 | $-46.5M | $725.0M | ||
| Q3 25 | $-33.5M | $513.0M | ||
| Q2 25 | $11.3M | $428.0M | ||
| Q1 25 | $-22.0M | $367.0M | ||
| Q4 24 | $-38.7M | $615.0M | ||
| Q3 24 | $8.0M | $423.0M | ||
| Q2 24 | $21.3M | $340.0M | ||
| Q1 24 | $-39.1M | $238.0M |
自由现金流AISHOP
| Q4 25 | $-46.9M | $715.0M | ||
| Q3 25 | $-34.3M | $507.0M | ||
| Q2 25 | $10.3M | $422.0M | ||
| Q1 25 | $-22.4M | $363.0M | ||
| Q4 24 | $-39.5M | $611.0M | ||
| Q3 24 | $7.1M | $421.0M | ||
| Q2 24 | $18.8M | $333.0M | ||
| Q1 24 | $-45.1M | $232.0M |
自由现金流率AISHOP
| Q4 25 | -62.4% | 19.5% | ||
| Q3 25 | -48.8% | 17.8% | ||
| Q2 25 | 9.5% | 15.7% | ||
| Q1 25 | -22.7% | 15.4% | ||
| Q4 24 | -41.9% | 21.7% | ||
| Q3 24 | 8.2% | 19.5% | ||
| Q2 24 | 21.7% | 16.3% | ||
| Q1 24 | -57.6% | 12.5% |
资本支出强度AISHOP
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.9% | 0.1% | ||
| Q3 24 | 1.1% | 0.1% | ||
| Q2 24 | 2.9% | 0.3% | ||
| Q1 24 | 7.8% | 0.3% |
现金转化率AISHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | — |
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
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
