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ALTISOURCE PORTFOLIO SOLUTIONS S.A.（ASPS）与西木工作室（WHG）财务数据对比。点击上方公司名可切换其他公司
ALTISOURCE PORTFOLIO SOLUTIONS S.A.的季度营收约是西木工作室的1.7倍（$42.3M vs $25.0M），西木工作室净利率更高（3.1% vs -16.8%，领先20.0%），西木工作室同比增速更快（7.4% vs 3.2%），过去两年西木工作室的营收复合增速更高（4.9% vs 3.6%）
Altisource Portfolio Solutions S.A.是面向抵押贷款、房地产及消费金融领域的全球服务商，为贷款机构、服务商、投资者等市场参与者提供技术、数据与运营解决方案，优化资产管理、房产交易等业务流程，提升客户运营效率。
西木工作室是总部位于美国内华达州拉斯维加斯的电子游戏开发商，1985年由布雷特·斯佩里与路易斯·卡斯特创立，最初名为Brelous Software，成立两个月后更名为西木合伙人，1992年维珍游戏收购后更名为西木工作室。1998年该工作室连同维珍互动北美业务一同被艺电收购。
ASPS vs WHG — 直观对比
营收规模更大
ASPS
是对方的1.7倍
$25.0M
营收增速更快
WHG
高出4.1%
3.2%
净利率更高
WHG
高出20.0%
-16.8%
两年增速更快
WHG
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $42.3M | $25.0M |
| 净利润 | $-7.1M | $782.0K |
| 毛利率 | 26.5% | — |
| 营业利润率 | -15.5% | — |
| 净利率 | -16.8% | 3.1% |
| 营收同比 | 3.2% | 7.4% |
| 净利润同比 | 18.2% | — |
| 每股收益（稀释后） | $-1.02 | $0.09 |
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ASPSWHG
| Q1 26 | — | $25.0M | ||
| Q4 25 | $42.3M | $27.1M | ||
| Q3 25 | $41.9M | $24.3M | ||
| Q2 25 | $43.3M | $23.1M | ||
| Q1 25 | $43.4M | $23.3M | ||
| Q4 24 | $41.0M | $46.5M | ||
| Q3 24 | $40.5M | $23.7M | ||
| Q2 24 | $39.1M | $22.7M |
净利润ASPSWHG
| Q1 26 | — | $782.0K | ||
| Q4 25 | $-7.1M | $1.8M | ||
| Q3 25 | $-2.3M | $3.7M | ||
| Q2 25 | $16.7M | $1.0M | ||
| Q1 25 | $-5.3M | $478.0K | ||
| Q4 24 | $-8.7M | $3.7M | ||
| Q3 24 | $-9.3M | $-1.2M | ||
| Q2 24 | $-8.3M | $-378.0K |
毛利率ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | 26.5% | — | ||
| Q3 25 | 27.1% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 32.5% | — |
营业利润率ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | -15.5% | 8.0% | ||
| Q3 25 | 1.2% | 8.3% | ||
| Q2 25 | 7.5% | 3.8% | ||
| Q1 25 | 7.5% | -0.3% | ||
| Q4 24 | 1.4% | 10.0% | ||
| Q3 24 | 2.7% | -2.1% | ||
| Q2 24 | 5.3% | -18.4% |
净利率ASPSWHG
| Q1 26 | — | 3.1% | ||
| Q4 25 | -16.8% | 6.8% | ||
| Q3 25 | -5.5% | 15.4% | ||
| Q2 25 | 38.5% | 4.5% | ||
| Q1 25 | -12.1% | 2.1% | ||
| Q4 24 | -21.3% | 14.5% | ||
| Q3 24 | -23.0% | -5.0% | ||
| Q2 24 | -21.1% | -1.7% |
每股收益（稀释后）ASPSWHG
| Q1 26 | — | $0.09 | ||
| Q4 25 | $-1.02 | $0.21 | ||
| Q3 25 | $-0.22 | $0.41 | ||
| Q2 25 | $1.48 | $0.12 | ||
| Q1 25 | $-0.09 | $0.05 | ||
| Q4 24 | $-4.72 | $0.45 | ||
| Q3 24 | $-2.61 | $-0.15 | ||
| Q2 24 | $-2.33 | $-0.05 |
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 | $26.6M | $23.4M |
| 总债务越低越好 | $191.1M | — |
| 股东权益账面价值 | $-110.2M | $126.1M |
| 总资产 | $139.8M | $150.4M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ASPSWHG
| Q1 26 | — | $23.4M | ||
| Q4 25 | $26.6M | $47.7M | ||
| Q3 25 | $28.6M | $41.3M | ||
| Q2 25 | $30.0M | $35.2M | ||
| Q1 25 | $30.8M | $29.1M | ||
| Q4 24 | $29.8M | $46.5M | ||
| Q3 24 | $28.3M | $48.3M | ||
| Q2 24 | $29.7M | $44.1M |
总债务ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | $191.1M | — | ||
| Q3 25 | $192.5M | — | ||
| Q2 25 | $193.9M | — | ||
| Q1 25 | $195.0M | — | ||
| Q4 24 | $230.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ASPSWHG
| Q1 26 | — | $126.1M | ||
| Q4 25 | $-110.2M | $125.6M | ||
| Q3 25 | $-104.2M | $123.9M | ||
| Q2 25 | $-102.7M | $122.4M | ||
| Q1 25 | $-119.8M | $121.4M | ||
| Q4 24 | $-157.4M | $120.3M | ||
| Q3 24 | $-149.4M | $120.4M | ||
| Q2 24 | $-140.8M | $120.5M |
总资产ASPSWHG
| Q1 26 | — | $150.4M | ||
| Q4 25 | $139.8M | $162.3M | ||
| Q3 25 | $139.9M | $154.0M | ||
| Q2 25 | $142.9M | $146.3M | ||
| Q1 25 | $145.7M | $135.0M | ||
| Q4 24 | $143.6M | $150.0M | ||
| Q3 24 | $144.5M | $151.5M | ||
| Q2 24 | $146.6M | $147.4M |
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 | $-505.0K | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $-525.0K | — |
| 自由现金流率自由现金流/营收 | -1.2% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | -3.28× |
| 过去12个月自由现金流最近4个季度 | $-5.1M | — |
8季度趋势，按日历期对齐
经营现金流ASPSWHG
| Q1 26 | — | $-2.6M | ||
| Q4 25 | $-505.0K | $18.9M | ||
| Q3 25 | $718.0K | $8.5M | ||
| Q2 25 | $-306.0K | $7.3M | ||
| Q1 25 | $-5.0M | $-4.9M | ||
| Q4 24 | $-1.4M | $21.1M | ||
| Q3 24 | $-1.6M | $529.0K | ||
| Q2 24 | $180.0K | $3.6M |
自由现金流ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | $-525.0K | $18.8M | ||
| Q3 25 | $697.0K | $8.5M | ||
| Q2 25 | $-309.0K | — | ||
| Q1 25 | $-5.0M | $-4.9M | ||
| Q4 24 | $-1.4M | $21.0M | ||
| Q3 24 | — | $519.0K | ||
| Q2 24 | — | $3.5M |
自由现金流率ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | -1.2% | 69.5% | ||
| Q3 25 | 1.7% | 34.8% | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | -11.5% | -21.1% | ||
| Q4 24 | -3.4% | 45.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 15.6% |
资本支出强度ASPSWHG
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.1% |
现金转化率ASPSWHG
| Q1 26 | — | -3.28× | ||
| Q4 25 | — | 10.29× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | -0.02× | 7.08× | ||
| Q1 25 | — | -10.25× | ||
| Q4 24 | — | 5.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
ASPS
| Services | $39.9M | 94% |
| Revenue Relatedto Technology Platformsand Professional Services | $2.4M | 6% |
WHG
| Asset-based | $19.3M | 77% |
| Trust fees | $5.3M | 21% |
