vs
Atlanticus Holdings Corp（ATLCP）与MARRIOTT VACATIONS WORLDWIDE Corp（VAC）财务数据对比。点击上方公司名可切换其他公司
MARRIOTT VACATIONS WORLDWIDE Corp的季度营收约是Atlanticus Holdings Corp的1.7倍（$1.2B vs $734.4M），Atlanticus Holdings Corp净利率更高（4.7% vs -35.0%，领先39.7%），Atlanticus Holdings Corp同比增速更快（107.8% vs -0.7%），过去两年Atlanticus Holdings Corp的营收复合增速更高（58.9% vs 5.2%）
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。
万豪度假环球集团是专注于分时度假业务的公众企业，原为万豪国际集团旗下业务板块，2011年11月分拆为独立上市公司，核心业务为度假所有权运营。目前集团运营超过120家度假村，在万豪度假俱乐部品牌矩阵下拥有超70万名业主及会员，产品覆盖多个度假消费场景。
ATLCP vs VAC — 直观对比
营收规模更大
VAC
是对方的1.7倍
$734.4M
营收增速更快
ATLCP
高出108.5%
-0.7%
净利率更高
ATLCP
高出39.7%
-35.0%
两年增速更快
ATLCP
近两年复合增速
5.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $734.4M | $1.2B |
| 净利润 | $34.6M | $-431.0M |
| 毛利率 | 92.4% | — |
| 营业利润率 | 6.3% | — |
| 净利率 | 4.7% | -35.0% |
| 营收同比 | 107.8% | -0.7% |
| 净利润同比 | 11.7% | -962.0% |
| 每股收益（稀释后） | $1.75 | $-12.00 |
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ATLCPVAC
| Q4 25 | $734.4M | $1.2B | ||
| Q3 25 | $494.7M | $1.2B | ||
| Q2 25 | $394.2M | $1.2B | ||
| Q1 25 | $345.2M | $1.1B | ||
| Q4 24 | $353.5M | $1.2B | ||
| Q3 24 | $351.2M | $1.2B | ||
| Q2 24 | $316.0M | $1.1B | ||
| Q1 24 | $290.7M | $1.1B |
净利润ATLCPVAC
| Q4 25 | $34.6M | $-431.0M | ||
| Q3 25 | $25.0M | $-2.0M | ||
| Q2 25 | $30.6M | $69.0M | ||
| Q1 25 | $31.5M | $56.0M | ||
| Q4 24 | $31.0M | $50.0M | ||
| Q3 24 | $29.5M | $84.0M | ||
| Q2 24 | $24.3M | $37.0M | ||
| Q1 24 | $26.2M | $47.0M |
毛利率ATLCPVAC
| Q4 25 | 92.4% | — | ||
| Q3 25 | 92.1% | — | ||
| Q2 25 | 91.4% | — | ||
| Q1 25 | 90.7% | — | ||
| Q4 24 | 89.9% | — | ||
| Q3 24 | 92.0% | — | ||
| Q2 24 | 91.2% | — | ||
| Q1 24 | 90.8% | — |
营业利润率ATLCPVAC
| Q4 25 | 6.3% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 11.3% | — |
净利率ATLCPVAC
| Q4 25 | 4.7% | -35.0% | ||
| Q3 25 | 5.0% | -0.2% | ||
| Q2 25 | 7.8% | 6.0% | ||
| Q1 25 | 9.1% | 5.0% | ||
| Q4 24 | 8.8% | 4.0% | ||
| Q3 24 | 8.4% | 6.9% | ||
| Q2 24 | 7.7% | 3.5% | ||
| Q1 24 | 9.0% | 4.2% |
每股收益（稀释后）ATLCPVAC
| Q4 25 | $1.75 | $-12.00 | ||
| Q3 25 | $1.21 | $-0.07 | ||
| Q2 25 | $1.51 | $1.77 | ||
| Q1 25 | $1.49 | $1.46 | ||
| Q4 24 | $1.42 | $1.29 | ||
| Q3 24 | $1.27 | $2.12 | ||
| Q2 24 | $0.99 | $0.98 | ||
| Q1 24 | $1.09 | $1.22 |
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 | $406.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $608.7M | $2.0B |
| 总资产 | $7.6B | $9.8B |
| 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ATLCPVAC
| Q4 25 | $621.1M | $406.0M | ||
| Q3 25 | $425.0M | $474.0M | ||
| Q2 25 | $329.4M | $205.0M | ||
| Q1 25 | $350.4M | $196.0M | ||
| Q4 24 | $375.4M | $197.0M | ||
| Q3 24 | $308.7M | $197.0M | ||
| Q2 24 | $350.9M | $206.0M | ||
| Q1 24 | $444.8M | $237.0M |
股东权益ATLCPVAC
| Q4 25 | $608.7M | $2.0B | ||
| Q3 25 | $589.3M | $2.5B | ||
| Q2 25 | $563.3M | $2.5B | ||
| Q1 25 | $532.7M | $2.4B | ||
| Q4 24 | $492.9M | $2.4B | ||
| Q3 24 | $457.7M | $2.4B | ||
| Q2 24 | $433.8M | $2.4B | ||
| Q1 24 | $416.0M | $2.4B |
总资产ATLCPVAC
| Q4 25 | $7.6B | $9.8B | ||
| Q3 25 | $7.1B | $10.1B | ||
| Q2 25 | $3.6B | $9.9B | ||
| Q1 25 | $3.3B | $9.9B | ||
| Q4 24 | $3.3B | $9.8B | ||
| Q3 24 | $3.0B | $9.7B | ||
| Q2 24 | $2.8B | $9.6B | ||
| Q1 24 | $2.8B | $9.9B |
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 | $6.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -0.5% |
| 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 | 7.69× | — |
| 过去12个月自由现金流最近4个季度 | — | $-29.0M |
8季度趋势，按日历期对齐
经营现金流ATLCPVAC
| Q4 25 | $266.3M | $6.0M | ||
| Q3 25 | $107.5M | $62.0M | ||
| Q2 25 | $132.7M | $-48.0M | ||
| Q1 25 | $131.6M | $8.0M | ||
| Q4 24 | $122.6M | $100.0M | ||
| Q3 24 | $112.4M | $72.0M | ||
| Q2 24 | $115.6M | $30.0M | ||
| Q1 24 | $118.8M | $3.0M |
自由现金流ATLCPVAC
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
自由现金流率ATLCPVAC
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
资本支出强度ATLCPVAC
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
现金转化率ATLCPVAC
| Q4 25 | 7.69× | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 4.34× | -0.70× | ||
| Q1 25 | 4.17× | 0.14× | ||
| Q4 24 | 3.96× | 2.00× | ||
| Q3 24 | 3.80× | 0.86× | ||
| Q2 24 | 4.76× | 0.81× | ||
| Q1 24 | 4.54× | 0.06× |
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
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
