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Autohome Inc.（ATHM）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是Autohome Inc.的6.5倍（$1.6B vs $249.8M）。Autohome Inc.净利率更高（23.8% vs 6.2%，领先17.6%）。过去两年Toast, Inc.的营收复合增速更高（23.3% vs -0.6%）
Autohome Inc. 是曾经的高速有线互联网服务提供商，运营于1996年至2002年。由米洛·梅丁与电信通讯公司（TCI）、康卡斯特、考克斯通信，以及首任CEO威廉·伦道夫·赫斯特三世共同创立，是通过双向有线电视基础设施提供高速上网服务的合资企业，巅峰时期为美国、加拿大、日本、澳大利亚等地的410万用户提供服务。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
ATHM vs TOST — 直观对比
营收规模更大
TOST
是对方的6.5倍
$249.8M
净利率更高
ATHM
高出17.6%
6.2%
两年增速更快
TOST
近两年复合增速
-0.6%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $249.8M | $1.6B |
| 净利润 | $59.4M | $101.0M |
| 毛利率 | 63.7% | 25.9% |
| 营业利润率 | 8.3% | 5.2% |
| 净利率 | 23.8% | 6.2% |
| 营收同比 | — | 22.0% |
| 净利润同比 | — | 215.6% |
| 每股收益（稀释后） | — | $0.18 |
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ATHMTOST
| Q4 25 | — | $1.6B | ||
| Q3 25 | $249.8M | $1.6B | ||
| Q2 25 | $245.4M | $1.6B | ||
| Q1 25 | $244.3M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $252.9M | $1.3B | ||
| Q2 24 | $257.7M | $1.2B | ||
| Q1 24 | $222.9M | $1.1B |
净利润ATHMTOST
| Q4 25 | — | $101.0M | ||
| Q3 25 | $59.4M | $105.0M | ||
| Q2 25 | $56.0M | $80.0M | ||
| Q1 25 | — | $56.0M | ||
| Q4 24 | — | $32.0M | ||
| Q3 24 | $61.0M | $56.0M | ||
| Q2 24 | $69.3M | $14.0M | ||
| Q1 24 | $52.4M | $-83.0M |
毛利率ATHMTOST
| Q4 25 | — | 25.9% | ||
| Q3 25 | 63.7% | 26.5% | ||
| Q2 25 | 71.4% | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | 77.0% | 24.7% | ||
| Q2 24 | 81.5% | 23.0% | ||
| Q1 24 | 81.3% | 23.2% |
营业利润率ATHMTOST
| Q4 25 | — | 5.2% | ||
| Q3 25 | 8.3% | 5.1% | ||
| Q2 25 | 16.9% | 5.2% | ||
| Q1 25 | 13.0% | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 4.7% | 2.6% | ||
| Q2 24 | 22.0% | 0.4% | ||
| Q1 24 | 17.2% | -5.2% |
净利率ATHMTOST
| Q4 25 | — | 6.2% | ||
| Q3 25 | 23.8% | 6.4% | ||
| Q2 25 | 22.8% | 5.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 24.1% | 4.3% | ||
| Q2 24 | 26.9% | 1.1% | ||
| Q1 24 | 23.5% | -7.7% |
每股收益（稀释后）ATHMTOST
| Q4 25 | — | $0.18 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | — | $0.07 | ||
| Q2 24 | — | $0.02 | ||
| Q1 24 | — | $-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 | — | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | — | $3.1B |
| 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ATHMTOST
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $903.0M | ||
| Q3 24 | — | $761.0M | ||
| Q2 24 | — | $691.0M | ||
| Q1 24 | — | $578.0M |
股东权益ATHMTOST
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产ATHMTOST
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
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 | — | $194.0M |
| 自由现金流经营现金流 - 资本支出 | — | $178.0M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | — | $608.0M |
8季度趋势，按日历期对齐
经营现金流ATHMTOST
| Q4 25 | — | $194.0M | ||
| Q3 25 | — | $165.0M | ||
| Q2 25 | — | $223.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $147.0M | ||
| Q3 24 | — | $109.0M | ||
| Q2 24 | — | $124.0M | ||
| Q1 24 | — | $-20.0M |
自由现金流ATHMTOST
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M | ||
| Q1 24 | — | $-33.0M |
自由现金流率ATHMTOST
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | -3.1% |
资本支出强度ATHMTOST
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
现金转化率ATHMTOST
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | 8.86× | ||
| Q1 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
ATHM
| Online marketplace and others | $114.7M | 46% |
| Leads generation services | $93.2M | 37% |
| Media services | $41.9M | 17% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
