vs
Atlanticus Holdings Corp（ATLCP）与NELNET INC（NNI）财务数据对比。点击上方公司名可切换其他公司
Atlanticus Holdings Corp的季度营收约是NELNET INC的6.9倍（$734.4M vs $107.1M）。NELNET INC净利率更高（53.9% vs 4.7%，领先49.2%）。Atlanticus Holdings Corp同比增速更快（107.8% vs 33.8%）。过去两年Atlanticus Holdings Corp的营收复合增速更高（58.9% vs 20.1%）
Atlanticus Holdings Corp是一家总部位于美国的金融科技及消费金融企业，主要服务美国境内信用记录不足或非优质信用的消费者群体，提供消费分期、个人贷款等普惠信贷产品，同时与零售商户及金融机构合作推出定制化灵活信贷解决方案。
Nelnet（耐尔奈特）是总部位于美国内布拉斯加州林肯市的综合性企业集团，核心业务涵盖金融服务领域，主营学生贷款、消费贷款的发放与服务，同时设有投资板块与互联网银行，还持有有线电视及网络服务商Allo Fiber 26%的股权。
ATLCP vs NNI — 直观对比
营收规模更大
ATLCP
是对方的6.9倍
$107.1M
营收增速更快
ATLCP
高出74.0%
33.8%
净利率更高
NNI
高出49.2%
4.7%
两年增速更快
ATLCP
近两年复合增速
20.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $734.4M | $107.1M |
| 净利润 | $34.6M | $57.8M |
| 毛利率 | 92.4% | 50.5% |
| 营业利润率 | 6.3% | — |
| 净利率 | 4.7% | 53.9% |
| 营收同比 | 107.8% | 33.8% |
| 净利润同比 | 11.7% | -8.8% |
| 每股收益（稀释后） | $1.75 | $1.62 |
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ATLCPNNI
| Q4 25 | $734.4M | $107.1M | ||
| Q3 25 | $494.7M | $85.3M | ||
| Q2 25 | $394.2M | $79.4M | ||
| Q1 25 | $345.2M | $82.7M | ||
| Q4 24 | $353.5M | $80.1M | ||
| Q3 24 | $351.2M | $72.2M | ||
| Q2 24 | $316.0M | $66.4M | ||
| Q1 24 | $290.7M | $74.2M |
净利润ATLCPNNI
| Q4 25 | $34.6M | $57.8M | ||
| Q3 25 | $25.0M | $106.7M | ||
| Q2 25 | $30.6M | $181.5M | ||
| Q1 25 | $31.5M | $82.6M | ||
| Q4 24 | $31.0M | $63.4M | ||
| Q3 24 | $29.5M | $2.4M | ||
| Q2 24 | $24.3M | $45.1M | ||
| Q1 24 | $26.2M | $73.2M |
毛利率ATLCPNNI
| Q4 25 | 92.4% | 50.5% | ||
| Q3 25 | 92.1% | 29.6% | ||
| Q2 25 | 91.4% | 29.8% | ||
| Q1 25 | 90.7% | 30.5% | ||
| Q4 24 | 89.9% | 13.7% | ||
| Q3 24 | 92.0% | 0.1% | ||
| Q2 24 | 91.2% | 27.3% | ||
| Q1 24 | 90.8% | 15.3% |
营业利润率ATLCPNNI
| Q4 25 | 6.3% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 11.3% | 97.7% | ||
| Q3 24 | 10.6% | -3.1% | ||
| Q2 24 | 9.1% | 88.0% | ||
| Q1 24 | 11.3% | — |
净利率ATLCPNNI
| Q4 25 | 4.7% | 53.9% | ||
| Q3 25 | 5.0% | 125.1% | ||
| Q2 25 | 7.8% | 228.4% | ||
| Q1 25 | 9.1% | 99.8% | ||
| Q4 24 | 8.8% | 79.1% | ||
| Q3 24 | 8.4% | 3.3% | ||
| Q2 24 | 7.7% | 67.9% | ||
| Q1 24 | 9.0% | 98.6% |
每股收益（稀释后）ATLCPNNI
| Q4 25 | $1.75 | $1.62 | ||
| Q3 25 | $1.21 | $2.94 | ||
| Q2 25 | $1.51 | $4.97 | ||
| Q1 25 | $1.49 | $2.26 | ||
| Q4 24 | $1.42 | $1.75 | ||
| Q3 24 | $1.27 | $0.07 | ||
| Q2 24 | $0.99 | $1.23 | ||
| Q1 24 | $1.09 | $1.97 |
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 | $621.1M | $296.0M |
| 总债务越低越好 | — | $7.8B |
| 股东权益账面价值 | $608.7M | $3.7B |
| 总资产 | $7.6B | $14.1B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资ATLCPNNI
| Q4 25 | $621.1M | $296.0M | ||
| Q3 25 | $425.0M | $216.4M | ||
| Q2 25 | $329.4M | $225.8M | ||
| Q1 25 | $350.4M | $220.5M | ||
| Q4 24 | $375.4M | $194.5M | ||
| Q3 24 | $308.7M | $219.7M | ||
| Q2 24 | $350.9M | $145.5M | ||
| Q1 24 | $444.8M | $179.7M |
总债务ATLCPNNI
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
股东权益ATLCPNNI
| Q4 25 | $608.7M | $3.7B | ||
| Q3 25 | $589.3M | $3.7B | ||
| Q2 25 | $563.3M | $3.6B | ||
| Q1 25 | $532.7M | $3.4B | ||
| Q4 24 | $492.9M | $3.3B | ||
| Q3 24 | $457.7M | $3.3B | ||
| Q2 24 | $433.8M | $3.3B | ||
| Q1 24 | $416.0M | $3.3B |
总资产ATLCPNNI
| Q4 25 | $7.6B | $14.1B | ||
| Q3 25 | $7.1B | $13.9B | ||
| Q2 25 | $3.6B | $13.7B | ||
| Q1 25 | $3.3B | $14.2B | ||
| Q4 24 | $3.3B | $13.8B | ||
| Q3 24 | $3.0B | $14.1B | ||
| Q2 24 | $2.8B | $14.5B | ||
| Q1 24 | $2.8B | $15.4B |
负债/权益比ATLCPNNI
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 3.20× |
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 | $266.3M | $137.6M |
| 自由现金流经营现金流 - 资本支出 | — | $130.1M |
| 自由现金流率自由现金流/营收 | — | 121.5% |
| 资本支出强度资本支出/营收 | — | 7.0% |
| 现金转化率经营现金流/净利润 | 7.69× | 2.38× |
| 过去12个月自由现金流最近4个季度 | — | $396.7M |
8季度趋势，按日历期对齐
经营现金流ATLCPNNI
| Q4 25 | $266.3M | $137.6M | ||
| Q3 25 | $107.5M | $112.4M | ||
| Q2 25 | $132.7M | $81.8M | ||
| Q1 25 | $131.6M | $91.2M | ||
| Q4 24 | $122.6M | $180.5M | ||
| Q3 24 | $112.4M | $137.0M | ||
| Q2 24 | $115.6M | $133.4M | ||
| Q1 24 | $118.8M | $211.9M |
自由现金流ATLCPNNI
| Q4 25 | — | $130.1M | ||
| Q3 25 | — | $100.8M | ||
| Q2 25 | — | $78.1M | ||
| Q1 25 | — | $87.8M | ||
| Q4 24 | — | $163.2M | ||
| Q3 24 | — | $132.6M | ||
| Q2 24 | — | $122.8M | ||
| Q1 24 | — | $188.7M |
自由现金流率ATLCPNNI
| Q4 25 | — | 121.5% | ||
| Q3 25 | — | 118.2% | ||
| Q2 25 | — | 98.3% | ||
| Q1 25 | — | 106.1% | ||
| Q4 24 | — | 203.7% | ||
| Q3 24 | — | 183.8% | ||
| Q2 24 | — | 184.9% | ||
| Q1 24 | — | 254.2% |
资本支出强度ATLCPNNI
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 31.3% |
现金转化率ATLCPNNI
| Q4 25 | 7.69× | 2.38× | ||
| Q3 25 | 4.30× | 1.05× | ||
| Q2 25 | 4.34× | 0.45× | ||
| Q1 25 | 4.17× | 1.10× | ||
| Q4 24 | 3.96× | 2.85× | ||
| Q3 24 | 3.80× | 57.39× | ||
| Q2 24 | 4.76× | 2.96× | ||
| Q1 24 | 4.54× | 2.89× |
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
ATLCP
暂无分部数据
NNI
| Reinsurance Premiums Earned | $33.5M | 31% |
| Tuition Payment Plan Services | $32.2M | 30% |
| Private Education And Consumer Loan Servicing | $24.8M | 23% |
| Software Services | $11.4M | 11% |
| Solar Construction Revenue | $3.4M | 3% |
| Investment Advice | $1.4M | 1% |
