vs
C3.ai, Inc.（AI）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是C3.ai, Inc.的7.7倍（$575.2M vs $75.1M）。Tyler Technologies净利率更高（11.4% vs -139.3%，领先150.7%）。Tyler Technologies同比增速更快（6.3% vs -20.3%）。Tyler Technologies自由现金流更多（$239.6M vs $-46.9M）。过去两年Tyler Technologies的营收复合增速更高（6.0% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
AI vs TYL — 直观对比
营收规模更大
TYL
是对方的7.7倍
$75.1M
营收增速更快
TYL
高出26.6%
-20.3%
净利率更高
TYL
高出150.7%
-139.3%
自由现金流更多
TYL
多$286.4M
$-46.9M
两年增速更快
TYL
近两年复合增速
-2.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $575.2M |
| 净利润 | $-104.7M | $65.5M |
| 毛利率 | 40.4% | 45.5% |
| 营业利润率 | -149.2% | 13.0% |
| 净利率 | -139.3% | 11.4% |
| 营收同比 | -20.3% | 6.3% |
| 净利润同比 | -58.7% | 0.5% |
| 每股收益（稀释后） | $-0.75 | $1.50 |
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AITYL
| Q4 25 | $75.1M | $575.2M | ||
| Q3 25 | $70.3M | $595.9M | ||
| Q2 25 | $108.7M | $596.1M | ||
| Q1 25 | $98.8M | $565.2M | ||
| Q4 24 | $94.3M | $541.1M | ||
| Q3 24 | $87.2M | $543.3M | ||
| Q2 24 | $86.6M | $541.0M | ||
| Q1 24 | $78.4M | $512.4M |
净利润AITYL
| Q4 25 | $-104.7M | $65.5M | ||
| Q3 25 | $-116.8M | $84.4M | ||
| Q2 25 | $-79.7M | $84.6M | ||
| Q1 25 | $-80.2M | $81.1M | ||
| Q4 24 | $-66.0M | $65.2M | ||
| Q3 24 | $-62.8M | $75.9M | ||
| Q2 24 | $-72.9M | $67.7M | ||
| Q1 24 | $-72.6M | $54.2M |
毛利率AITYL
| Q4 25 | 40.4% | 45.5% | ||
| Q3 25 | 37.6% | 47.2% | ||
| Q2 25 | 62.1% | 45.8% | ||
| Q1 25 | 59.1% | 47.3% | ||
| Q4 24 | 61.3% | 43.8% | ||
| Q3 24 | 59.8% | 43.7% | ||
| Q2 24 | 59.6% | 44.0% | ||
| Q1 24 | 57.8% | 43.7% |
营业利润率AITYL
| Q4 25 | -149.2% | 13.0% | ||
| Q3 25 | -177.7% | 16.4% | ||
| Q2 25 | -81.8% | 16.0% | ||
| Q1 25 | -88.7% | 15.8% | ||
| Q4 24 | -79.8% | 13.2% | ||
| Q3 24 | -83.2% | 15.2% | ||
| Q2 24 | -95.1% | 14.4% | ||
| Q1 24 | -105.3% | 13.1% |
净利率AITYL
| Q4 25 | -139.3% | 11.4% | ||
| Q3 25 | -166.2% | 14.2% | ||
| Q2 25 | -73.3% | 14.2% | ||
| Q1 25 | -81.2% | 14.3% | ||
| Q4 24 | -69.9% | 12.1% | ||
| Q3 24 | -72.0% | 14.0% | ||
| Q2 24 | -84.2% | 12.5% | ||
| Q1 24 | -92.6% | 10.6% |
每股收益（稀释后）AITYL
| Q4 25 | $-0.75 | $1.50 | ||
| Q3 25 | $-0.86 | $1.93 | ||
| Q2 25 | $-0.60 | $1.93 | ||
| Q1 25 | $-0.62 | $1.84 | ||
| Q4 24 | $-0.52 | $1.48 | ||
| Q3 24 | $-0.50 | $1.74 | ||
| Q2 24 | $-0.59 | $1.57 | ||
| Q1 24 | $-0.60 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | — | $599.7M |
| 股东权益账面价值 | $771.9M | $3.7B |
| 总资产 | $961.3M | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资AITYL
| Q4 25 | $675.0M | $1.1B | ||
| Q3 25 | $711.9M | $950.8M | ||
| Q2 25 | $742.7M | $892.3M | ||
| Q1 25 | $724.3M | $807.4M | ||
| Q4 24 | $730.4M | $768.0M | ||
| Q3 24 | $762.5M | $544.3M | ||
| Q2 24 | $750.4M | $258.0M | ||
| Q1 24 | $723.3M | $196.9M |
总债务AITYL
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M | ||
| Q1 24 | — | $596.6M |
股东权益AITYL
| Q4 25 | $771.9M | $3.7B | ||
| Q3 25 | $798.8M | $3.6B | ||
| Q2 25 | $838.3M | $3.6B | ||
| Q1 25 | $860.2M | $3.5B | ||
| Q4 24 | $859.0M | $3.4B | ||
| Q3 24 | $874.9M | $3.3B | ||
| Q2 24 | $873.4M | $3.1B | ||
| Q1 24 | $898.0M | $3.0B |
总资产AITYL
| Q4 25 | $961.3M | $5.6B | ||
| Q3 25 | $968.7M | $5.5B | ||
| Q2 25 | $1.0B | $5.4B | ||
| Q1 25 | $1.1B | $5.2B | ||
| Q4 24 | $1.0B | $5.2B | ||
| Q3 24 | $1.1B | $5.0B | ||
| Q2 24 | $1.0B | $4.8B | ||
| Q1 24 | $1.1B | $4.6B |
负债/权益比AITYL
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $239.6M |
| 自由现金流率自由现金流/营收 | -62.4% | 41.7% |
| 资本支出强度资本支出/营收 | 0.5% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.72× |
| 过去12个月自由现金流最近4个季度 | $-93.2M | $637.5M |
8季度趋势，按日历期对齐
经营现金流AITYL
| Q4 25 | $-46.5M | $243.9M | ||
| Q3 25 | $-33.5M | $255.2M | ||
| Q2 25 | $11.3M | $98.3M | ||
| Q1 25 | $-22.0M | $56.2M | ||
| Q4 24 | $-38.7M | $224.8M | ||
| Q3 24 | $8.0M | $263.7M | ||
| Q2 24 | $21.3M | $64.3M | ||
| Q1 24 | $-39.1M | $71.8M |
自由现金流AITYL
| Q4 25 | $-46.9M | $239.6M | ||
| Q3 25 | $-34.3M | $251.3M | ||
| Q2 25 | $10.3M | $92.8M | ||
| Q1 25 | $-22.4M | $53.8M | ||
| Q4 24 | $-39.5M | $221.0M | ||
| Q3 24 | $7.1M | $260.8M | ||
| Q2 24 | $18.8M | $57.7M | ||
| Q1 24 | $-45.1M | $64.6M |
自由现金流率AITYL
| Q4 25 | -62.4% | 41.7% | ||
| Q3 25 | -48.8% | 42.2% | ||
| Q2 25 | 9.5% | 15.6% | ||
| Q1 25 | -22.7% | 9.5% | ||
| Q4 24 | -41.9% | 40.8% | ||
| Q3 24 | 8.2% | 48.0% | ||
| Q2 24 | 21.7% | 10.7% | ||
| Q1 24 | -57.6% | 12.6% |
资本支出强度AITYL
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 0.4% | 0.4% | ||
| Q4 24 | 0.9% | 0.7% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 7.8% | 1.4% |
现金转化率AITYL
| Q4 25 | — | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | — | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
