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Amplitude, Inc.（AMPL）与Commerce.com, Inc.（CMRC）财务数据对比。点击上方公司名可切换其他公司
Amplitude, Inc.的季度营收约是Commerce.com, Inc.的1.0倍（$91.4M vs $89.5M），Commerce.com, Inc.净利率更高（-9.3% vs -19.3%，领先10.0%），Amplitude, Inc.同比增速更快（17.0% vs 2.9%），Amplitude, Inc.自由现金流更多（$12.7M vs $-2.2M），过去两年Amplitude, Inc.的营收复合增速更高（12.2% vs 5.5%）
Amplitude是一家美国企业，专注于研发数字分析软件，能够帮助企业梳理用户行为数据、优化产品决策与数字化运营体验。该公司于2021年9月28日在纳斯达克交易所挂牌上市，股票代码为AMPL。
SPS Commerce是一家总部位于美国明尼苏达州明尼阿波利斯市的科技企业，核心业务是为客户提供基于云端的供应链管理软件解决方案。公司除在美国本土设有分支机构外，还在阿姆斯特丹、北京、香港、多伦多、悉尼等全球多个城市布局了办公网点。
AMPL vs CMRC — 直观对比
营收规模更大
AMPL
是对方的1.0倍
$89.5M
营收增速更快
AMPL
高出14.2%
2.9%
净利率更高
CMRC
高出10.0%
-19.3%
自由现金流更多
AMPL
多$14.8M
$-2.2M
两年增速更快
AMPL
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $91.4M | $89.5M |
| 净利润 | $-17.7M | $-8.4M |
| 毛利率 | 74.6% | 78.3% |
| 营业利润率 | -18.3% | -7.4% |
| 净利率 | -19.3% | -9.3% |
| 营收同比 | 17.0% | 2.9% |
| 净利润同比 | 45.8% | -250.0% |
| 每股收益（稀释后） | $-0.13 | $-0.11 |
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AMPLCMRC
| Q4 25 | $91.4M | $89.5M | ||
| Q3 25 | $88.6M | $86.0M | ||
| Q2 25 | $83.3M | $84.4M | ||
| Q1 25 | $80.0M | $82.4M | ||
| Q4 24 | $78.1M | $87.0M | ||
| Q3 24 | $75.2M | $83.7M | ||
| Q2 24 | $73.3M | $81.8M | ||
| Q1 24 | $72.6M | $80.4M |
净利润AMPLCMRC
| Q4 25 | $-17.7M | $-8.4M | ||
| Q3 25 | $-24.0M | $-2.2M | ||
| Q2 25 | $-24.7M | $-8.4M | ||
| Q1 25 | $-22.2M | $-353.0K | ||
| Q4 24 | $-32.6M | $-2.4M | ||
| Q3 24 | $-16.9M | $-7.0M | ||
| Q2 24 | $-23.4M | $-11.3M | ||
| Q1 24 | $-21.5M | $-6.4M |
毛利率AMPLCMRC
| Q4 25 | 74.6% | 78.3% | ||
| Q3 25 | 73.9% | 78.4% | ||
| Q2 25 | 72.6% | 79.0% | ||
| Q1 25 | 74.7% | 79.4% | ||
| Q4 24 | 74.7% | 77.6% | ||
| Q3 24 | 75.1% | 76.3% | ||
| Q2 24 | 73.4% | 75.8% | ||
| Q1 24 | 74.0% | 77.1% |
营业利润率AMPLCMRC
| Q4 25 | -18.3% | -7.4% | ||
| Q3 25 | -26.0% | -0.5% | ||
| Q2 25 | -29.0% | -8.0% | ||
| Q1 25 | -26.8% | -2.9% | ||
| Q4 24 | -41.2% | -0.9% | ||
| Q3 24 | -21.4% | -23.0% | ||
| Q2 24 | -31.7% | -16.5% | ||
| Q1 24 | -29.0% | -10.2% |
净利率AMPLCMRC
| Q4 25 | -19.3% | -9.3% | ||
| Q3 25 | -27.1% | -2.6% | ||
| Q2 25 | -29.6% | -9.9% | ||
| Q1 25 | -27.8% | -0.4% | ||
| Q4 24 | -41.7% | -2.7% | ||
| Q3 24 | -22.4% | -8.4% | ||
| Q2 24 | -31.9% | -13.8% | ||
| Q1 24 | -29.5% | -8.0% |
每股收益（稀释后）AMPLCMRC
| Q4 25 | $-0.13 | $-0.11 | ||
| Q3 25 | $-0.18 | $-0.03 | ||
| Q2 25 | $-0.19 | $-0.10 | ||
| Q1 25 | $-0.17 | $0.00 | ||
| Q4 24 | $-0.25 | $-0.03 | ||
| Q3 24 | $-0.14 | $-0.09 | ||
| Q2 24 | $-0.19 | $-0.15 | ||
| Q1 24 | $-0.18 | $-0.08 |
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 | $192.0M | $141.1M |
| 总债务越低越好 | — | $157.0M |
| 股东权益账面价值 | $245.3M | $39.4M |
| 总资产 | $420.7M | $308.8M |
| 负债/权益比越低杠杆越低 | — | 3.99× |
8季度趋势，按日历期对齐
现金及短期投资AMPLCMRC
| Q4 25 | $192.0M | $141.1M | ||
| Q3 25 | $189.2M | $142.0M | ||
| Q2 25 | $208.1M | $134.5M | ||
| Q1 25 | $209.0M | $120.7M | ||
| Q4 24 | $241.1M | $178.2M | ||
| Q3 24 | $319.9M | $168.4M | ||
| Q2 24 | $318.3M | $275.8M | ||
| Q1 24 | $316.1M | $265.2M |
总债务AMPLCMRC
| Q4 25 | — | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $340.9M | ||
| Q1 24 | — | $340.5M |
股东权益AMPLCMRC
| Q4 25 | $245.3M | $39.4M | ||
| Q3 25 | $262.2M | $42.8M | ||
| Q2 25 | $279.5M | $38.8M | ||
| Q1 25 | $289.5M | $38.1M | ||
| Q4 24 | $296.6M | $33.4M | ||
| Q3 24 | $290.0M | $29.0M | ||
| Q2 24 | $287.3M | $26.1M | ||
| Q1 24 | $289.2M | $26.9M |
总资产AMPLCMRC
| Q4 25 | $420.7M | $308.8M | ||
| Q3 25 | $438.1M | $309.5M | ||
| Q2 25 | $456.6M | $302.5M | ||
| Q1 25 | $445.8M | $286.3M | ||
| Q4 24 | $445.9M | $340.3M | ||
| Q3 24 | $445.6M | $335.1M | ||
| Q2 24 | $445.4M | $452.5M | ||
| Q1 24 | $437.9M | $442.5M |
负债/权益比AMPLCMRC
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | — | 4.06× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 13.06× | ||
| Q1 24 | — | 12.65× |
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 | $12.8M | $980.0K |
| 自由现金流经营现金流 - 资本支出 | $12.7M | $-2.2M |
| 自由现金流率自由现金流/营收 | 13.8% | -2.4% |
| 资本支出强度资本支出/营收 | 0.2% | 3.5% |
| 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 | $28.2M | $16.9M |
8季度趋势，按日历期对齐
经营现金流AMPLCMRC
| Q4 25 | $12.8M | $980.0K | ||
| Q3 25 | $5.0M | $10.6M | ||
| Q2 25 | $20.1M | $13.6M | ||
| Q1 25 | $-8.0M | $401.0K | ||
| Q4 24 | $3.2M | $12.4M | ||
| Q3 24 | $6.2M | $5.6M | ||
| Q2 24 | $9.2M | $11.7M | ||
| Q1 24 | $-48.0K | $-3.4M |
自由现金流AMPLCMRC
| Q4 25 | $12.7M | $-2.2M | ||
| Q3 25 | $4.5M | $7.6M | ||
| Q2 25 | $19.5M | $11.9M | ||
| Q1 25 | $-8.5M | $-424.0K | ||
| Q4 24 | $2.4M | $11.6M | ||
| Q3 24 | $6.2M | $4.5M | ||
| Q2 24 | $8.6M | $10.7M | ||
| Q1 24 | $-405.0K | $-4.2M |
自由现金流率AMPLCMRC
| Q4 25 | 13.8% | -2.4% | ||
| Q3 25 | 5.1% | 8.8% | ||
| Q2 25 | 23.4% | 14.1% | ||
| Q1 25 | -10.6% | -0.5% | ||
| Q4 24 | 3.1% | 13.3% | ||
| Q3 24 | 8.2% | 5.4% | ||
| Q2 24 | 11.8% | 13.0% | ||
| Q1 24 | -0.6% | -5.3% |
资本支出强度AMPLCMRC
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.5% | 3.4% | ||
| Q2 25 | 0.6% | 2.0% | ||
| Q1 25 | 0.5% | 1.0% | ||
| Q4 24 | 1.0% | 0.9% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 0.5% | 1.0% |
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
AMPL
| US | $55.8M | 61% |
| International | $35.7M | 39% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
