vs
ASSOCIATED BANC-CORP（ASB）与Thryv Holdings, Inc.（THRY）财务数据对比。点击上方公司名可切换其他公司
ASSOCIATED BANC-CORP的季度营收约是Thryv Holdings, Inc.的2.0倍（$383.0M vs $191.6M），ASSOCIATED BANC-CORP净利率更高（31.2% vs -5.0%，领先36.3%），过去两年ASSOCIATED BANC-CORP的营收复合增速更高（9.1% vs -9.4%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
ASB vs THRY — 直观对比
营收规模更大
ASB
是对方的2.0倍
$191.6M
净利率更高
ASB
高出36.3%
-5.0%
两年增速更快
ASB
近两年复合增速
-9.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $191.6M |
| 净利润 | $119.6M | $-9.7M |
| 毛利率 | — | 68.0% |
| 营业利润率 | — | 5.3% |
| 净利率 | 31.2% | -5.0% |
| 营收同比 | — | 2.7% |
| 净利润同比 | 566.6% | -222.5% |
| 每股收益（稀释后） | $0.70 | $-0.21 |
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ASBTHRY
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $191.6M | ||
| Q3 25 | $305.2M | $201.6M | ||
| Q2 25 | $300.0M | $210.5M | ||
| Q1 25 | $285.9M | $181.4M | ||
| Q4 24 | $270.3M | $186.6M | ||
| Q3 24 | $329.7M | $179.9M | ||
| Q2 24 | $321.8M | $224.1M |
净利润ASBTHRY
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $-9.7M | ||
| Q3 25 | $124.7M | $5.7M | ||
| Q2 25 | $111.2M | $13.9M | ||
| Q1 25 | $101.7M | $-9.6M | ||
| Q4 24 | $-161.6M | $7.9M | ||
| Q3 24 | $88.0M | $-96.1M | ||
| Q2 24 | $115.6M | $5.5M |
毛利率ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 69.7% | ||
| Q1 25 | — | 65.8% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 62.3% | ||
| Q2 24 | — | 66.3% |
营业利润率ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 5.3% | ||
| Q3 25 | 50.5% | 9.9% | ||
| Q2 25 | 46.5% | 14.0% | ||
| Q1 25 | 42.3% | -1.7% | ||
| Q4 24 | -65.8% | -3.9% | ||
| Q3 24 | 32.8% | -49.2% | ||
| Q2 24 | 32.0% | 14.0% |
净利率ASBTHRY
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | -5.0% | ||
| Q3 25 | 40.9% | 2.8% | ||
| Q2 25 | 37.1% | 6.6% | ||
| Q1 25 | 35.6% | -5.3% | ||
| Q4 24 | -59.8% | 4.2% | ||
| Q3 24 | 26.7% | -53.4% | ||
| Q2 24 | 35.9% | 2.5% |
每股收益（稀释后）ASBTHRY
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $-0.21 | ||
| Q3 25 | $0.73 | $0.13 | ||
| Q2 25 | $0.65 | $0.31 | ||
| Q1 25 | $0.59 | $-0.22 | ||
| Q4 24 | $-1.10 | $0.28 | ||
| Q3 24 | $0.56 | $-2.65 | ||
| Q2 24 | $0.74 | $0.15 |
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 | — | $10.8M |
| 总债务越低越好 | — | $253.5M |
| 股东权益账面价值 | $5.0B | $218.1M |
| 总资产 | $45.6B | $688.6M |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | $10.8M | ||
| Q3 25 | — | $11.6M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | — | $11.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | — | $15.5M |
总债务ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $253.5M | ||
| Q3 25 | $594.1M | $268.2M | ||
| Q2 25 | $593.5M | $275.6M | ||
| Q1 25 | $591.4M | $299.0M | ||
| Q4 24 | $1.4B | $284.3M | ||
| Q3 24 | $844.3M | $307.8M | ||
| Q2 24 | $536.1M | $342.1M |
股东权益ASBTHRY
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $218.1M | ||
| Q3 25 | $4.9B | $221.1M | ||
| Q2 25 | $4.8B | $214.9M | ||
| Q1 25 | $4.7B | $193.2M | ||
| Q4 24 | $4.6B | $196.9M | ||
| Q3 24 | $4.4B | $94.5M | ||
| Q2 24 | $4.2B | $183.1M |
总资产ASBTHRY
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $688.6M | ||
| Q3 25 | $44.5B | $701.8M | ||
| Q2 25 | $44.0B | $687.7M | ||
| Q1 25 | $43.3B | $703.7M | ||
| Q4 24 | $43.0B | $712.2M | ||
| Q3 24 | $42.2B | $654.8M | ||
| Q2 24 | $41.6B | $785.5M |
负债/权益比ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 1.16× | ||
| Q3 25 | 0.12× | 1.21× | ||
| Q2 25 | 0.12× | 1.28× | ||
| Q1 25 | 0.13× | 1.55× | ||
| Q4 24 | 0.31× | 1.44× | ||
| Q3 24 | 0.19× | 3.26× | ||
| Q2 24 | 0.13× | 1.87× |
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 | — | $22.2M |
| 自由现金流经营现金流 - 资本支出 | — | $12.3M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 5.2% |
| 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 | — | $31.1M |
8季度趋势，按日历期对齐
经营现金流ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $22.2M | ||
| Q3 25 | $158.0M | $22.2M | ||
| Q2 25 | $141.5M | $29.6M | ||
| Q1 25 | $98.2M | $-10.5M | ||
| Q4 24 | $207.1M | $26.1M | ||
| Q3 24 | $105.1M | $36.0M | ||
| Q2 24 | $113.5M | $22.2M |
自由现金流ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | $12.3M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $21.8M | ||
| Q1 25 | — | $-17.6M | ||
| Q4 24 | — | $17.3M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $13.3M |
自由现金流率ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 5.9% |
资本支出强度ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.0% |
现金转化率ASBTHRY
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | 3.93× | ||
| Q2 25 | 1.27× | 2.12× | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | 1.19× | — | ||
| Q2 24 | 0.98× | 4.01× |
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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
THRY
| Software As A Service | $119.0M | 62% |
| $56.2M | 29% | |
| Digital | $16.4M | 9% |
