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BOX INC（BOX）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
Zoom Communications, Inc.的季度营收约是BOX INC的4.1倍（$1.2B vs $301.1M），Zoom Communications, Inc.净利率更高（49.8% vs 4.0%，领先45.8%），BOX INC同比增速更快（9.1% vs 4.4%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $71.3M），过去两年BOX INC的营收复合增速更高（7.0% vs 3.6%）
Box Inc.是总部位于美国加利福尼亚州红木城的上市企业，由亚伦·莱维和迪伦·史密斯于2005年创立，最初面向个人消费者服务，2009至2010年前后转向企业级市场，2015年正式上市。公司专注于开发、运营云端内容管理、协同办公及文件共享工具，帮助企业用户便捷存储、管理各类文件，提升团队协作效率。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
BOX vs ZM — 直观对比
营收规模更大
ZM
是对方的4.1倍
$301.1M
营收增速更快
BOX
高出4.7%
4.4%
净利率更高
ZM
高出45.8%
4.0%
自由现金流更多
ZM
多$543.0M
$71.3M
两年增速更快
BOX
近两年复合增速
3.6%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $301.1M | $1.2B |
| 净利润 | $12.1M | $612.9M |
| 毛利率 | 79.6% | 77.9% |
| 营业利润率 | 8.3% | 25.2% |
| 净利率 | 4.0% | 49.8% |
| 营收同比 | 9.1% | 4.4% |
| 净利润同比 | -6.4% | 196.0% |
| 每股收益（稀释后） | $0.05 | $2.01 |
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BOXZM
| Q4 25 | $301.1M | $1.2B | ||
| Q3 25 | $294.0M | $1.2B | ||
| Q2 25 | $276.3M | $1.2B | ||
| Q1 25 | $279.5M | $1.2B | ||
| Q4 24 | $275.9M | $1.2B | ||
| Q3 24 | $270.0M | $1.2B | ||
| Q2 24 | $264.7M | $1.1B | ||
| Q1 24 | $262.9M | $1.1B |
净利润BOXZM
| Q4 25 | $12.1M | $612.9M | ||
| Q3 25 | $13.4M | $358.6M | ||
| Q2 25 | $8.2M | $254.6M | ||
| Q1 25 | $194.0M | $367.9M | ||
| Q4 24 | $12.9M | $207.1M | ||
| Q3 24 | $20.5M | $219.0M | ||
| Q2 24 | $17.2M | $216.3M | ||
| Q1 24 | $99.2M | $298.8M |
毛利率BOXZM
| Q4 25 | 79.6% | 77.9% | ||
| Q3 25 | 79.1% | 77.6% | ||
| Q2 25 | 78.0% | 76.3% | ||
| Q1 25 | 79.0% | 75.7% | ||
| Q4 24 | 79.9% | 75.9% | ||
| Q3 24 | 79.4% | 75.5% | ||
| Q2 24 | 78.0% | 76.1% | ||
| Q1 24 | 76.1% | 75.9% |
营业利润率BOXZM
| Q4 25 | 8.3% | 25.2% | ||
| Q3 25 | 7.0% | 26.4% | ||
| Q2 25 | 2.3% | 20.6% | ||
| Q1 25 | 6.4% | 19.0% | ||
| Q4 24 | 8.5% | 15.5% | ||
| Q3 24 | 7.5% | 17.4% | ||
| Q2 24 | 6.8% | 17.8% | ||
| Q1 24 | 8.1% | 14.7% |
净利率BOXZM
| Q4 25 | 4.0% | 49.8% | ||
| Q3 25 | 4.6% | 29.5% | ||
| Q2 25 | 3.0% | 21.7% | ||
| Q1 25 | 69.4% | 31.1% | ||
| Q4 24 | 4.7% | 17.6% | ||
| Q3 24 | 7.6% | 18.8% | ||
| Q2 24 | 6.5% | 19.0% | ||
| Q1 24 | 37.7% | 26.1% |
每股收益（稀释后）BOXZM
| Q4 25 | $0.05 | $2.01 | ||
| Q3 25 | $0.05 | $1.16 | ||
| Q2 25 | $0.02 | $0.81 | ||
| Q1 25 | $1.13 | $1.16 | ||
| Q4 24 | $0.05 | $0.66 | ||
| Q3 24 | $0.10 | $0.70 | ||
| Q2 24 | $0.08 | $0.69 | ||
| Q1 24 | $0.57 | $0.98 |
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 | $729.6M | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-286.6M | $9.3B |
| 总资产 | $1.6B | $11.4B |
| 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BOXZM
| Q4 25 | $729.6M | $1.2B | ||
| Q3 25 | $757.9M | $1.2B | ||
| Q2 25 | $790.4M | $1.2B | ||
| Q1 25 | $722.8M | $1.3B | ||
| Q4 24 | $697.9M | $1.3B | ||
| Q3 24 | $482.2M | $1.5B | ||
| Q2 24 | $566.1M | $1.9B | ||
| Q1 24 | $480.7M | $1.6B |
股东权益BOXZM
| Q4 25 | $-286.6M | $9.3B | ||
| Q3 25 | $-269.4M | $9.0B | ||
| Q2 25 | $-280.1M | $8.9B | ||
| Q1 25 | $-297.0M | $8.9B | ||
| Q4 24 | $-479.9M | $8.7B | ||
| Q3 24 | $-439.4M | $8.5B | ||
| Q2 24 | $-397.9M | $8.3B | ||
| Q1 24 | $-431.1M | $8.0B |
总资产BOXZM
| Q4 25 | $1.6B | $11.4B | ||
| Q3 25 | $1.6B | $11.0B | ||
| Q2 25 | $1.6B | $11.0B | ||
| Q1 25 | $1.7B | $11.0B | ||
| Q4 24 | $1.4B | $10.7B | ||
| Q3 24 | $1.1B | $10.5B | ||
| Q2 24 | $1.2B | $10.3B | ||
| Q1 24 | $1.2B | $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 | $73.0M | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $71.3M | $614.3M |
| 自由现金流率自由现金流/营收 | 23.7% | 50.0% |
| 资本支出强度资本支出/营收 | 0.6% | 1.2% |
| 现金转化率经营现金流/净利润 | 6.05× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $343.5M | $2.0B |
8季度趋势，按日历期对齐
经营现金流BOXZM
| Q4 25 | $73.0M | $629.3M | ||
| Q3 25 | $46.0M | $515.9M | ||
| Q2 25 | $127.1M | $489.3M | ||
| Q1 25 | $102.2M | $424.6M | ||
| Q4 24 | $62.6M | $483.2M | ||
| Q3 24 | $36.3M | $449.3M | ||
| Q2 24 | $131.2M | $588.2M | ||
| Q1 24 | $89.3M | $351.2M |
自由现金流BOXZM
| Q4 25 | $71.3M | $614.3M | ||
| Q3 25 | $43.9M | $508.0M | ||
| Q2 25 | $126.7M | $463.4M | ||
| Q1 25 | $101.5M | $416.2M | ||
| Q4 24 | $62.3M | $457.7M | ||
| Q3 24 | $35.9M | $365.1M | ||
| Q2 24 | $129.9M | $569.7M | ||
| Q1 24 | $89.1M | $332.7M |
自由现金流率BOXZM
| Q4 25 | 23.7% | 50.0% | ||
| Q3 25 | 14.9% | 41.7% | ||
| Q2 25 | 45.9% | 39.4% | ||
| Q1 25 | 36.3% | 35.2% | ||
| Q4 24 | 22.6% | 38.9% | ||
| Q3 24 | 13.3% | 31.4% | ||
| Q2 24 | 49.1% | 49.9% | ||
| Q1 24 | 33.9% | 29.0% |
资本支出强度BOXZM
| Q4 25 | 0.6% | 1.2% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.1% | 7.2% | ||
| Q2 24 | 0.5% | 1.6% | ||
| Q1 24 | 0.1% | 1.6% |
现金转化率BOXZM
| Q4 25 | 6.05× | 1.03× | ||
| Q3 25 | 3.42× | 1.44× | ||
| Q2 25 | 15.51× | 1.92× | ||
| Q1 25 | 0.53× | 1.15× | ||
| Q4 24 | 4.85× | 2.33× | ||
| Q3 24 | 1.77× | 2.05× | ||
| Q2 24 | 7.62× | 2.72× | ||
| Q1 24 | 0.90× | 1.18× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
