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C3.ai, Inc.（AI）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是C3.ai, Inc.的16.1倍（$1.2B vs $75.1M）。Snowflake Inc.净利率更高（-24.2% vs -139.3%，领先115.0%）。Snowflake Inc.同比增速更快（28.7% vs -20.3%）。Snowflake Inc.自由现金流更多（$113.6M vs $-46.9M）。过去两年Snowflake Inc.的营收复合增速更高（25.1% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
AI vs SNOW — 直观对比
营收规模更大
SNOW
是对方的16.1倍
$75.1M
营收增速更快
SNOW
高出49.1%
-20.3%
净利率更高
SNOW
高出115.0%
-139.3%
自由现金流更多
SNOW
多$160.5M
$-46.9M
两年增速更快
SNOW
近两年复合增速
-2.1%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $1.2B |
| 净利润 | $-104.7M | $-294.0M |
| 毛利率 | 40.4% | 67.8% |
| 营业利润率 | -149.2% | -27.2% |
| 净利率 | -139.3% | -24.2% |
| 营收同比 | -20.3% | 28.7% |
| 净利润同比 | -58.7% | 9.4% |
| 每股收益（稀释后） | $-0.75 | $-0.87 |
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AISNOW
| Q4 25 | $75.1M | $1.2B | ||
| Q3 25 | $70.3M | $1.1B | ||
| Q2 25 | $108.7M | $1.0B | ||
| Q1 25 | $98.8M | $986.8M | ||
| Q4 24 | $94.3M | $942.1M | ||
| Q3 24 | $87.2M | $868.8M | ||
| Q2 24 | $86.6M | $828.7M | ||
| Q1 24 | $78.4M | $774.7M |
净利润AISNOW
| Q4 25 | $-104.7M | $-294.0M | ||
| Q3 25 | $-116.8M | $-298.0M | ||
| Q2 25 | $-79.7M | $-430.1M | ||
| Q1 25 | $-80.2M | $-327.5M | ||
| Q4 24 | $-66.0M | $-324.3M | ||
| Q3 24 | $-62.8M | $-316.9M | ||
| Q2 24 | $-72.9M | $-317.0M | ||
| Q1 24 | $-72.6M | $-169.4M |
毛利率AISNOW
| Q4 25 | 40.4% | 67.8% | ||
| Q3 25 | 37.6% | 67.5% | ||
| Q2 25 | 62.1% | 66.5% | ||
| Q1 25 | 59.1% | 66.2% | ||
| Q4 24 | 61.3% | 65.9% | ||
| Q3 24 | 59.8% | 66.8% | ||
| Q2 24 | 59.6% | 67.1% | ||
| Q1 24 | 57.8% | 68.8% |
营业利润率AISNOW
| Q4 25 | -149.2% | -27.2% | ||
| Q3 25 | -177.7% | -29.7% | ||
| Q2 25 | -81.8% | -42.9% | ||
| Q1 25 | -88.7% | -39.2% | ||
| Q4 24 | -79.8% | -38.8% | ||
| Q3 24 | -83.2% | -40.9% | ||
| Q2 24 | -95.1% | -42.1% | ||
| Q1 24 | -105.3% | -35.6% |
净利率AISNOW
| Q4 25 | -139.3% | -24.2% | ||
| Q3 25 | -166.2% | -26.0% | ||
| Q2 25 | -73.3% | -41.3% | ||
| Q1 25 | -81.2% | -33.2% | ||
| Q4 24 | -69.9% | -34.4% | ||
| Q3 24 | -72.0% | -36.5% | ||
| Q2 24 | -84.2% | -38.3% | ||
| Q1 24 | -92.6% | -21.9% |
每股收益（稀释后）AISNOW
| Q4 25 | $-0.75 | $-0.87 | ||
| Q3 25 | $-0.86 | $-0.89 | ||
| Q2 25 | $-0.60 | $-1.29 | ||
| Q1 25 | $-0.62 | $-0.98 | ||
| Q4 24 | $-0.52 | $-0.98 | ||
| Q3 24 | $-0.50 | $-0.95 | ||
| Q2 24 | $-0.59 | $-0.95 | ||
| Q1 24 | $-0.60 | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $771.9M | $2.1B |
| 总资产 | $961.3M | $8.2B |
| 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AISNOW
| Q4 25 | $675.0M | $1.9B | ||
| Q3 25 | $711.9M | $1.9B | ||
| Q2 25 | $742.7M | $2.2B | ||
| Q1 25 | $724.3M | $2.6B | ||
| Q4 24 | $730.4M | $2.1B | ||
| Q3 24 | $762.5M | $1.3B | ||
| Q2 24 | $750.4M | $1.3B | ||
| Q1 24 | $723.3M | $1.8B |
股东权益AISNOW
| Q4 25 | $771.9M | $2.1B | ||
| Q3 25 | $798.8M | $2.4B | ||
| Q2 25 | $838.3M | $2.4B | ||
| Q1 25 | $860.2M | $3.0B | ||
| Q4 24 | $859.0M | $2.9B | ||
| Q3 24 | $874.9M | $4.1B | ||
| Q2 24 | $873.4M | $4.6B | ||
| Q1 24 | $898.0M | $5.2B |
总资产AISNOW
| Q4 25 | $961.3M | $8.2B | ||
| Q3 25 | $968.7M | $8.2B | ||
| Q2 25 | $1.0B | $8.2B | ||
| Q1 25 | $1.1B | $9.0B | ||
| Q4 24 | $1.0B | $8.2B | ||
| Q3 24 | $1.1B | $6.9B | ||
| Q2 24 | $1.0B | $7.3B | ||
| Q1 24 | $1.1B | $8.2B |
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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $113.6M |
| 自由现金流率自由现金流/营收 | -62.4% | 9.4% |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 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 | $-93.2M | $776.7M |
8季度趋势，按日历期对齐
经营现金流AISNOW
| Q4 25 | $-46.5M | $137.5M | ||
| Q3 25 | $-33.5M | $74.9M | ||
| Q2 25 | $11.3M | $228.4M | ||
| Q1 25 | $-22.0M | $432.7M | ||
| Q4 24 | $-38.7M | $101.7M | ||
| Q3 24 | $8.0M | $69.9M | ||
| Q2 24 | $21.3M | $355.5M | ||
| Q1 24 | $-39.1M | $344.6M |
自由现金流AISNOW
| Q4 25 | $-46.9M | $113.6M | ||
| Q3 25 | $-34.3M | $58.2M | ||
| Q2 25 | $10.3M | $183.4M | ||
| Q1 25 | $-22.4M | $421.4M | ||
| Q4 24 | $-39.5M | $88.3M | ||
| Q3 24 | $7.1M | $64.8M | ||
| Q2 24 | $18.8M | $338.9M | ||
| Q1 24 | $-45.1M | $331.5M |
自由现金流率AISNOW
| Q4 25 | -62.4% | 9.4% | ||
| Q3 25 | -48.8% | 5.1% | ||
| Q2 25 | 9.5% | 17.6% | ||
| Q1 25 | -22.7% | 42.7% | ||
| Q4 24 | -41.9% | 9.4% | ||
| Q3 24 | 8.2% | 7.5% | ||
| Q2 24 | 21.7% | 40.9% | ||
| Q1 24 | -57.6% | 42.8% |
资本支出强度AISNOW
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 1.1% | 0.6% | ||
| Q2 24 | 2.9% | 2.0% | ||
| Q1 24 | 7.8% | 1.7% |
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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
