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美国运通（AXP）与Cipher Mining Inc.（CIFR）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是Cipher Mining Inc.的183.2倍（$10.9B vs $59.7M），美国运通净利率更高（22.5% vs -1229.6%，领先1252.1%），Cipher Mining Inc.同比增速更快（41.4% vs 9.9%），美国运通自由现金流更多（$2.3B vs $-695.9M），过去两年Cipher Mining Inc.的营收复合增速更高（11.4% vs 8.2%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
Cipher Mining Inc.是总部位于美国的比特币挖矿生态运营企业，当前正全力发展加密货币相关业务，深耕加密行业上游基础设施赛道，依托技术及合规优势构建稳定高效的挖矿服务体系。
AXP vs CIFR — 直观对比
营收规模更大
AXP
是对方的183.2倍
$59.7M
营收增速更快
CIFR
高出31.5%
9.9%
净利率更高
AXP
高出1252.1%
-1229.6%
自由现金流更多
AXP
多$3.0B
$-695.9M
两年增速更快
CIFR
近两年复合增速
8.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.9B | $59.7M |
| 净利润 | $2.5B | $-734.2M |
| 毛利率 | — | 59.4% |
| 营业利润率 | 28.2% | -503.4% |
| 净利率 | 22.5% | -1229.6% |
| 营收同比 | 9.9% | 41.4% |
| 净利润同比 | 13.5% | -4293.1% |
| 每股收益（稀释后） | $3.52 | $-1.91 |
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AXPCIFR
| Q4 25 | $10.9B | $59.7M | ||
| Q3 25 | $10.4B | $71.7M | ||
| Q2 25 | $10.3B | $43.6M | ||
| Q1 25 | $9.6B | $49.0M | ||
| Q4 24 | $10.0B | $42.2M | ||
| Q3 24 | $9.7B | $24.1M | ||
| Q2 24 | $9.8B | $36.8M | ||
| Q1 24 | $9.3B | $48.1M |
净利润AXPCIFR
| Q4 25 | $2.5B | $-734.2M | ||
| Q3 25 | $2.9B | $-3.3M | ||
| Q2 25 | $2.9B | $-45.8M | ||
| Q1 25 | $2.6B | $-39.0M | ||
| Q4 24 | $2.2B | $17.5M | ||
| Q3 24 | $2.5B | $-86.8M | ||
| Q2 24 | $3.0B | $-15.3M | ||
| Q1 24 | $2.4B | $39.9M |
毛利率AXPCIFR
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 62.7% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | — | 69.2% |
营业利润率AXPCIFR
| Q4 25 | 28.2% | -503.4% | ||
| Q3 25 | 36.7% | -52.5% | ||
| Q2 25 | 34.4% | -103.9% | ||
| Q1 25 | 34.6% | -77.8% | ||
| Q4 24 | 27.7% | 40.5% | ||
| Q3 24 | 33.0% | -379.2% | ||
| Q2 24 | 38.6% | -43.9% | ||
| Q1 24 | 33.7% | 97.2% |
净利率AXPCIFR
| Q4 25 | 22.5% | -1229.6% | ||
| Q3 25 | 27.9% | -4.6% | ||
| Q2 25 | 28.0% | -105.1% | ||
| Q1 25 | 26.8% | -79.6% | ||
| Q4 24 | 21.8% | 41.5% | ||
| Q3 24 | 25.8% | -359.9% | ||
| Q2 24 | 30.7% | -41.5% | ||
| Q1 24 | 26.1% | 82.9% |
每股收益（稀释后）AXPCIFR
| Q4 25 | $3.52 | $-1.91 | ||
| Q3 25 | $4.14 | $-0.01 | ||
| Q2 25 | $4.08 | $-0.12 | ||
| Q1 25 | $3.64 | $-0.11 | ||
| Q4 24 | $3.04 | $0.04 | ||
| Q3 24 | $3.49 | $-0.26 | ||
| Q2 24 | $4.15 | $-0.05 | ||
| Q1 24 | $3.33 | $0.13 |
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 | $742.0M | $628.3M |
| 总债务越低越好 | $56.4B | $2.7B |
| 股东权益账面价值 | $33.5B | $805.5M |
| 总资产 | $300.1B | $4.3B |
| 负债/权益比越低杠杆越低 | 1.68× | 3.37× |
8季度趋势，按日历期对齐
现金及短期投资AXPCIFR
| Q4 25 | $742.0M | $628.3M | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $197.0M | $62.7M | ||
| Q1 25 | $261.0M | $23.2M | ||
| Q4 24 | $221.0M | $5.6M | ||
| Q3 24 | $120.0M | $25.3M | ||
| Q2 24 | $188.0M | $122.6M | ||
| Q1 24 | $69.0M | $88.7M |
总债务AXPCIFR
| Q4 25 | $56.4B | $2.7B | ||
| Q3 25 | $57.8B | $1.0B | ||
| Q2 25 | $58.2B | $167.1M | ||
| Q1 25 | $51.2B | — | ||
| Q4 24 | $49.7B | $0 | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — | ||
| Q1 24 | $48.8B | — |
股东权益AXPCIFR
| Q4 25 | $33.5B | $805.5M | ||
| Q3 25 | $32.4B | $783.2M | ||
| Q2 25 | $32.3B | $748.9M | ||
| Q1 25 | $31.2B | $734.8M | ||
| Q4 24 | $30.3B | $682.0M | ||
| Q3 24 | $29.7B | $672.0M | ||
| Q2 24 | $29.5B | $690.8M | ||
| Q1 24 | $28.8B | $600.9M |
总资产AXPCIFR
| Q4 25 | $300.1B | $4.3B | ||
| Q3 25 | $297.6B | $2.8B | ||
| Q2 25 | $295.6B | $1.0B | ||
| Q1 25 | $282.2B | $913.8M | ||
| Q4 24 | $271.5B | $855.4M | ||
| Q3 24 | $271.0B | $775.4M | ||
| Q2 24 | $272.2B | $775.6M | ||
| Q1 24 | $269.3B | $677.1M |
负债/权益比AXPCIFR
| Q4 25 | 1.68× | 3.37× | ||
| Q3 25 | 1.78× | 1.31× | ||
| Q2 25 | 1.80× | 0.22× | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.64× | 0.00× | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.70× | — |
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 | $3.1B | $-207.9M |
| 自由现金流经营现金流 - 资本支出 | $2.3B | $-695.9M |
| 自由现金流率自由现金流/营收 | 21.4% | -1165.4% |
| 资本支出强度资本支出/营收 | 6.6% | 817.1% |
| 现金转化率经营现金流/净利润 | 1.25× | — |
| 过去12个月自由现金流最近4个季度 | $16.0B | $-1.1B |
8季度趋势，按日历期对齐
经营现金流AXPCIFR
| Q4 25 | $3.1B | $-207.9M | ||
| Q3 25 | $6.2B | $-50.1M | ||
| Q2 25 | $4.4B | $-56.2M | ||
| Q1 25 | $4.8B | $-47.2M | ||
| Q4 24 | $5.8B | $-87.5M | ||
| Q3 24 | $-1.8B | $-6.5M | ||
| Q2 24 | $4.5B | $-25.4M | ||
| Q1 24 | $5.6B | $-26.6M |
自由现金流AXPCIFR
| Q4 25 | $2.3B | $-695.9M | ||
| Q3 25 | $5.6B | $-256.2M | ||
| Q2 25 | $3.7B | $-87.5M | ||
| Q1 25 | $4.3B | $-71.8M | ||
| Q4 24 | $5.3B | $-227.0M | ||
| Q3 24 | $-2.3B | $-83.2M | ||
| Q2 24 | $4.0B | $-33.2M | ||
| Q1 24 | $5.2B | $-34.5M |
自由现金流率AXPCIFR
| Q4 25 | 21.4% | -1165.4% | ||
| Q3 25 | 53.6% | -357.3% | ||
| Q2 25 | 36.3% | -200.9% | ||
| Q1 25 | 45.0% | -146.7% | ||
| Q4 24 | 53.1% | -537.6% | ||
| Q3 24 | -23.3% | -345.0% | ||
| Q2 24 | 40.4% | -90.2% | ||
| Q1 24 | 55.2% | -71.7% |
资本支出强度AXPCIFR
| Q4 25 | 6.6% | 817.1% | ||
| Q3 25 | 6.3% | 287.5% | ||
| Q2 25 | 6.0% | 71.8% | ||
| Q1 25 | 4.5% | 50.2% | ||
| Q4 24 | 5.0% | 330.4% | ||
| Q3 24 | 4.7% | 317.8% | ||
| Q2 24 | 5.8% | 21.4% | ||
| Q1 24 | 4.2% | 16.4% |
现金转化率AXPCIFR
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | -5.00× | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.28× | -0.67× |
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
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
CIFR
暂无分部数据
