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ALKAMI TECHNOLOGY, INC.（ALKT）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是ALKAMI TECHNOLOGY, INC.的5.7倍（$685.8M vs $120.8M）。ALKAMI TECHNOLOGY, INC.同比增速更快（34.7% vs 21.4%）。PTC Inc.自由现金流更多（$267.4M vs $16.2M）。过去两年ALKAMI TECHNOLOGY, INC.的营收复合增速更高（26.0% vs 6.6%）
Alkami科技是一家面向美国市场的云原生数字银行解决方案提供商，主要为社区银行、信用合作社等金融机构提供在线及移动银行系统、支付处理工具、数据分析模块与客户互动功能，助力合作机构优化终端用户的数字银行使用体验。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
ALKT vs PTC — 直观对比
营收规模更大
PTC
是对方的5.7倍
$120.8M
营收增速更快
ALKT
高出13.4%
21.4%
自由现金流更多
PTC
多$251.2M
$16.2M
两年增速更快
ALKT
近两年复合增速
6.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $120.8M | $685.8M |
| 净利润 | — | $166.5M |
| 毛利率 | 57.2% | 82.8% |
| 营业利润率 | -7.9% | 32.2% |
| 净利率 | — | 24.3% |
| 营收同比 | 34.7% | 21.4% |
| 净利润同比 | — | 102.5% |
| 每股收益（稀释后） | $-0.11 | $1.39 |
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ALKTPTC
| Q4 25 | $120.8M | $685.8M | ||
| Q3 25 | $113.0M | $893.8M | ||
| Q2 25 | $112.1M | $643.9M | ||
| Q1 25 | $97.8M | $636.4M | ||
| Q4 24 | $89.7M | $565.1M | ||
| Q3 24 | $85.9M | $626.5M | ||
| Q2 24 | $82.2M | $518.6M | ||
| Q1 24 | $76.1M | $603.1M |
净利润ALKTPTC
| Q4 25 | — | $166.5M | ||
| Q3 25 | $-14.8M | $347.8M | ||
| Q2 25 | $-13.6M | $141.3M | ||
| Q1 25 | — | $162.6M | ||
| Q4 24 | — | $82.2M | ||
| Q3 24 | $-9.4M | $126.5M | ||
| Q2 24 | $-12.3M | $69.0M | ||
| Q1 24 | — | $114.4M |
毛利率ALKTPTC
| Q4 25 | 57.2% | 82.8% | ||
| Q3 25 | 56.8% | 86.9% | ||
| Q2 25 | 58.6% | 82.9% | ||
| Q1 25 | 59.0% | 83.3% | ||
| Q4 24 | 59.3% | 80.2% | ||
| Q3 24 | 58.9% | 82.0% | ||
| Q2 24 | 59.4% | 78.4% | ||
| Q1 24 | 57.8% | 81.8% |
营业利润率ALKTPTC
| Q4 25 | -7.9% | 32.2% | ||
| Q3 25 | -11.4% | 48.5% | ||
| Q2 25 | -14.2% | 32.6% | ||
| Q1 25 | -15.7% | 35.1% | ||
| Q4 24 | -9.6% | 20.4% | ||
| Q3 24 | -12.1% | 31.0% | ||
| Q2 24 | -16.1% | 18.5% | ||
| Q1 24 | -16.2% | 29.8% |
净利率ALKTPTC
| Q4 25 | — | 24.3% | ||
| Q3 25 | -13.1% | 38.9% | ||
| Q2 25 | -12.1% | 21.9% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | -11.0% | 20.2% | ||
| Q2 24 | -15.0% | 13.3% | ||
| Q1 24 | — | 19.0% |
每股收益（稀释后）ALKTPTC
| Q4 25 | $-0.11 | $1.39 | ||
| Q3 25 | $-0.14 | $2.88 | ||
| Q2 25 | $-0.13 | $1.17 | ||
| Q1 25 | $-0.08 | $1.35 | ||
| Q4 24 | $-0.07 | $0.68 | ||
| Q3 24 | $-0.09 | $1.05 | ||
| Q2 24 | $-0.13 | $0.57 | ||
| Q1 24 | $-0.12 | $0.95 |
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 | $63.5M | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $362.0M | $3.8B |
| 总资产 | $847.2M | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资ALKTPTC
| Q4 25 | $63.5M | $209.7M | ||
| Q3 25 | $57.3M | $184.4M | ||
| Q2 25 | $52.4M | $199.3M | ||
| Q1 25 | $61.7M | $235.2M | ||
| Q4 24 | $94.4M | $196.3M | ||
| Q3 24 | $81.0M | $265.8M | ||
| Q2 24 | $61.4M | $247.7M | ||
| Q1 24 | $44.2M | $249.0M |
总债务ALKTPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益ALKTPTC
| Q4 25 | $362.0M | $3.8B | ||
| Q3 25 | $350.1M | $3.8B | ||
| Q2 25 | $344.0M | $3.5B | ||
| Q1 25 | $334.0M | $3.4B | ||
| Q4 24 | $357.0M | $3.2B | ||
| Q3 24 | $338.5M | $3.2B | ||
| Q2 24 | $327.2M | $3.0B | ||
| Q1 24 | $322.9M | $2.9B |
总资产ALKTPTC
| Q4 25 | $847.2M | $6.4B | ||
| Q3 25 | $835.2M | $6.6B | ||
| Q2 25 | $840.4M | $6.2B | ||
| Q1 25 | $837.2M | $6.2B | ||
| Q4 24 | $437.3M | $6.1B | ||
| Q3 24 | $422.2M | $6.4B | ||
| Q2 24 | $403.9M | $6.1B | ||
| Q1 24 | $397.6M | $6.2B |
负债/权益比ALKTPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $16.6M | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $16.2M | $267.4M |
| 自由现金流率自由现金流/营收 | 13.4% | 39.0% |
| 资本支出强度资本支出/营收 | 0.3% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | $41.4M | $888.4M |
8季度趋势，按日历期对齐
经营现金流ALKTPTC
| Q4 25 | $16.6M | $269.7M | ||
| Q3 25 | $30.8M | $104.0M | ||
| Q2 25 | $1.2M | $243.9M | ||
| Q1 25 | $-5.7M | $281.3M | ||
| Q4 24 | $6.1M | $238.4M | ||
| Q3 24 | $11.0M | $98.1M | ||
| Q2 24 | $548.0K | $213.8M | ||
| Q1 24 | $951.0K | $250.7M |
自由现金流ALKTPTC
| Q4 25 | $16.2M | $267.4M | ||
| Q3 25 | $30.5M | $100.5M | ||
| Q2 25 | $760.0K | $242.0M | ||
| Q1 25 | $-6.1M | $278.5M | ||
| Q4 24 | $6.0M | $235.7M | ||
| Q3 24 | $10.7M | $93.6M | ||
| Q2 24 | $123.0K | $212.2M | ||
| Q1 24 | $645.0K | $247.1M |
自由现金流率ALKTPTC
| Q4 25 | 13.4% | 39.0% | ||
| Q3 25 | 27.0% | 11.2% | ||
| Q2 25 | 0.7% | 37.6% | ||
| Q1 25 | -6.3% | 43.8% | ||
| Q4 24 | 6.6% | 41.7% | ||
| Q3 24 | 12.4% | 14.9% | ||
| Q2 24 | 0.1% | 40.9% | ||
| Q1 24 | 0.8% | 41.0% |
资本支出强度ALKTPTC
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.2% | 0.4% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.4% | 0.7% | ||
| Q2 24 | 0.5% | 0.3% | ||
| Q1 24 | 0.4% | 0.6% |
现金转化率ALKTPTC
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | — | 2.19× |
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
ALKT
| Saa S Subscription Services | $115.1M | 95% |
| Implementation Services | $3.6M | 3% |
| Service Other | $2.1M | 2% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
