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Ardmore Shipping Corp（ASC）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
Commerce.com, Inc.的季度营收约是Ardmore Shipping Corp的1.1倍（$89.5M vs $81.2M），Ardmore Shipping Corp净利率更高（15.7% vs -9.3%，领先25.1%），Commerce.com, Inc.同比增速更快（2.9% vs -15.5%），过去两年Commerce.com, Inc.的营收复合增速更高（5.5% vs -6.0%）
阿德莫尔航运是一家全球化海上运输企业，持有并运营中型成品油轮与化学品运输船队，可为全球能源、化工及贸易领域客户提供石油产品、特种化学品及其他散装液态货物的海运服务。
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。
ASC vs CMRC — 直观对比
营收规模更大
CMRC
是对方的1.1倍
$81.2M
营收增速更快
CMRC
高出18.3%
-15.5%
净利率更高
ASC
高出25.1%
-9.3%
两年增速更快
CMRC
近两年复合增速
-6.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.2M | $89.5M |
| 净利润 | $12.8M | $-8.4M |
| 毛利率 | — | 78.3% |
| 营业利润率 | 16.1% | -7.4% |
| 净利率 | 15.7% | -9.3% |
| 营收同比 | -15.5% | 2.9% |
| 净利润同比 | -47.0% | -250.0% |
| 每股收益（稀释后） | $0.30 | $-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ASCCMRC
| Q4 25 | — | $89.5M | ||
| Q3 25 | $81.2M | $86.0M | ||
| Q2 25 | $72.0M | $84.4M | ||
| Q1 25 | $74.0M | $82.4M | ||
| Q4 24 | — | $87.0M | ||
| Q3 24 | $96.1M | $83.7M | ||
| Q2 24 | $121.3M | $81.8M | ||
| Q1 24 | $106.3M | $80.4M |
净利润ASCCMRC
| Q4 25 | — | $-8.4M | ||
| Q3 25 | $12.8M | $-2.2M | ||
| Q2 25 | $9.6M | $-8.4M | ||
| Q1 25 | $6.3M | $-353.0K | ||
| Q4 24 | — | $-2.4M | ||
| Q3 24 | $24.1M | $-7.0M | ||
| Q2 24 | $62.7M | $-11.3M | ||
| Q1 24 | $39.2M | $-6.4M |
毛利率ASCCMRC
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 78.4% | ||
| Q2 25 | — | 79.0% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 76.3% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 77.1% |
营业利润率ASCCMRC
| Q4 25 | — | -7.4% | ||
| Q3 25 | 16.1% | -0.5% | ||
| Q2 25 | 13.5% | -8.0% | ||
| Q1 25 | 8.6% | -2.9% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | 25.4% | -23.0% | ||
| Q2 24 | 51.3% | -16.5% | ||
| Q1 24 | 37.2% | -10.2% |
净利率ASCCMRC
| Q4 25 | — | -9.3% | ||
| Q3 25 | 15.7% | -2.6% | ||
| Q2 25 | 13.3% | -9.9% | ||
| Q1 25 | 8.5% | -0.4% | ||
| Q4 24 | — | -2.7% | ||
| Q3 24 | 25.1% | -8.4% | ||
| Q2 24 | 51.7% | -13.8% | ||
| Q1 24 | 36.9% | -8.0% |
每股收益（稀释后）ASCCMRC
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $0.30 | $-0.03 | ||
| Q2 25 | $0.22 | $-0.10 | ||
| Q1 25 | $0.14 | $0.00 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | $0.55 | $-0.09 | ||
| Q2 24 | $1.47 | $-0.15 | ||
| Q1 24 | $0.92 | $-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 | — | $141.1M |
| 总债务越低越好 | $116.1M | $157.0M |
| 股东权益账面价值 | $628.2M | $39.4M |
| 总资产 | $799.8M | $308.8M |
| 负债/权益比越低杠杆越低 | 0.18× | 3.99× |
8季度趋势，按日历期对齐
现金及短期投资ASCCMRC
| Q4 25 | — | $141.1M | ||
| Q3 25 | — | $142.0M | ||
| Q2 25 | — | $134.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $178.2M | ||
| Q3 24 | — | $168.4M | ||
| Q2 24 | — | $275.8M | ||
| Q1 24 | — | $265.2M |
总债务ASCCMRC
| Q4 25 | — | $157.0M | ||
| Q3 25 | $116.1M | $157.3M | ||
| Q2 25 | $25.0M | $157.5M | ||
| Q1 25 | $20.5M | $157.8M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | $22.5M | — | ||
| Q2 24 | $44.2M | $340.9M | ||
| Q1 24 | $23.1M | $340.5M |
股东权益ASCCMRC
| Q4 25 | — | $39.4M | ||
| Q3 25 | $628.2M | $42.8M | ||
| Q2 25 | $618.3M | $38.8M | ||
| Q1 25 | $610.7M | $38.1M | ||
| Q4 24 | — | $33.4M | ||
| Q3 24 | $627.0M | $29.0M | ||
| Q2 24 | $617.7M | $26.1M | ||
| Q1 24 | $567.9M | $26.9M |
总资产ASCCMRC
| Q4 25 | — | $308.8M | ||
| Q3 25 | $799.8M | $309.5M | ||
| Q2 25 | $703.8M | $302.5M | ||
| Q1 25 | $690.4M | $286.3M | ||
| Q4 24 | — | $340.3M | ||
| Q3 24 | $722.8M | $335.1M | ||
| Q2 24 | $742.0M | $452.5M | ||
| Q1 24 | $704.1M | $442.5M |
负债/权益比ASCCMRC
| Q4 25 | — | 3.99× | ||
| Q3 25 | 0.18× | 3.67× | ||
| Q2 25 | 0.04× | 4.06× | ||
| Q1 25 | 0.03× | 4.14× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.07× | 13.06× | ||
| Q1 24 | 0.04× | 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 | $17.9M | $980.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-2.2M |
| 自由现金流率自由现金流/营收 | — | -2.4% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 1.40× | — |
| 过去12个月自由现金流最近4个季度 | — | $16.9M |
8季度趋势，按日历期对齐
经营现金流ASCCMRC
| Q4 25 | — | $980.0K | ||
| Q3 25 | $17.9M | $10.6M | ||
| Q2 25 | $11.2M | $13.6M | ||
| Q1 25 | $26.3M | $401.0K | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | $39.9M | $5.6M | ||
| Q2 24 | $48.4M | $11.7M | ||
| Q1 24 | $49.2M | $-3.4M |
自由现金流ASCCMRC
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | — | $-424.0K | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $10.7M | ||
| Q1 24 | — | $-4.2M |
自由现金流率ASCCMRC
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | -5.3% |
资本支出强度ASCCMRC
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
现金转化率ASCCMRC
| Q4 25 | — | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 4.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 1.25× | — |
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
ASC
暂无分部数据
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
