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鲍德温（BWIN）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
鲍德温的季度营收约是LiveRamp Holdings, Inc.的1.6倍（$347.3M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -7.5%，领先26.3%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs 5.3%），过去两年LiveRamp Holdings, Inc.的营收复合增速更高（11.1% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
BWIN vs RAMP — 直观对比
营收规模更大
BWIN
是对方的1.6倍
$212.2M
营收增速更快
RAMP
高出3.3%
5.3%
净利率更高
RAMP
高出26.3%
-7.5%
两年增速更快
RAMP
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $212.2M |
| 净利润 | $-25.9M | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | -3.8% | 18.6% |
| 净利率 | -7.5% | 18.8% |
| 营收同比 | 5.3% | 8.6% |
| 净利润同比 | -28.3% | 255.7% |
| 每股收益（稀释后） | $-0.38 | $0.62 |
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BWINRAMP
| Q4 25 | $347.3M | $212.2M | ||
| Q3 25 | $365.4M | $199.8M | ||
| Q2 25 | $378.8M | $194.8M | ||
| Q1 25 | $413.4M | $188.7M | ||
| Q4 24 | $329.9M | $195.4M | ||
| Q3 24 | $338.9M | $185.5M | ||
| Q2 24 | $339.8M | $176.0M | ||
| Q1 24 | $380.4M | $171.9M |
净利润BWINRAMP
| Q4 25 | $-25.9M | $39.9M | ||
| Q3 25 | $-18.7M | $27.4M | ||
| Q2 25 | $-3.2M | $7.7M | ||
| Q1 25 | $13.9M | $-6.3M | ||
| Q4 24 | $-20.2M | $11.2M | ||
| Q3 24 | $-8.4M | $1.7M | ||
| Q2 24 | $-17.6M | $-7.5M | ||
| Q1 24 | $21.6M | $-5.4M |
毛利率BWINRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率BWINRAMP
| Q4 25 | -3.8% | 18.6% | ||
| Q3 25 | 0.9% | 10.7% | ||
| Q2 25 | 7.4% | 3.7% | ||
| Q1 25 | 13.6% | -6.1% | ||
| Q4 24 | -1.7% | 7.5% | ||
| Q3 24 | 4.5% | 4.0% | ||
| Q2 24 | 4.8% | -3.0% | ||
| Q1 24 | 9.0% | -8.3% |
净利率BWINRAMP
| Q4 25 | -7.5% | 18.8% | ||
| Q3 25 | -5.1% | 13.7% | ||
| Q2 25 | -0.8% | 4.0% | ||
| Q1 25 | 3.4% | -3.3% | ||
| Q4 24 | -6.2% | 5.7% | ||
| Q3 24 | -2.5% | 0.9% | ||
| Q2 24 | -5.2% | -4.3% | ||
| Q1 24 | 5.7% | -3.1% |
每股收益（稀释后）BWINRAMP
| Q4 25 | $-0.38 | $0.62 | ||
| Q3 25 | $-0.27 | $0.42 | ||
| Q2 25 | $-0.05 | $0.12 | ||
| Q1 25 | $0.20 | $-0.10 | ||
| Q4 24 | $-0.31 | $0.17 | ||
| Q3 24 | $-0.13 | $0.03 | ||
| Q2 24 | $-0.28 | $-0.11 | ||
| Q1 24 | $0.33 | $-0.09 |
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 | $123.7M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $962.3M |
| 总资产 | $3.9B | $1.3B |
| 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BWINRAMP
| Q4 25 | $123.7M | $403.4M | ||
| Q3 25 | $89.7M | $376.9M | ||
| Q2 25 | $105.7M | $371.1M | ||
| Q1 25 | $81.8M | $420.8M | ||
| Q4 24 | $90.0M | $384.3M | ||
| Q3 24 | $181.8M | $348.4M | ||
| Q2 24 | $208.3M | $342.7M | ||
| Q1 24 | $112.1M | $368.9M |
股东权益BWINRAMP
| Q4 25 | $600.2M | $962.3M | ||
| Q3 25 | $619.7M | $943.8M | ||
| Q2 25 | $630.8M | $947.8M | ||
| Q1 25 | $619.6M | $948.9M | ||
| Q4 24 | $583.2M | $957.7M | ||
| Q3 24 | $595.4M | $932.1M | ||
| Q2 24 | $590.9M | $951.9M | ||
| Q1 24 | $597.9M | $949.1M |
总资产BWINRAMP
| Q4 25 | $3.9B | $1.3B | ||
| Q3 25 | $3.8B | $1.2B | ||
| Q2 25 | $3.7B | $1.2B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.5B | $1.3B | ||
| Q3 24 | $3.5B | $1.2B | ||
| Q2 24 | $3.7B | $1.2B | ||
| Q1 24 | $3.5B | $1.2B |
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 | $-29.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | — |
| 自由现金流率自由现金流/营收 | -19.9% | — |
| 资本支出强度资本支出/营收 | 11.4% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-137.8M | — |
8季度趋势，按日历期对齐
经营现金流BWINRAMP
| Q4 25 | $-29.4M | — | ||
| Q3 25 | $41.0M | $57.4M | ||
| Q2 25 | $-16.7M | $-15.8M | ||
| Q1 25 | $-64.0M | — | ||
| Q4 24 | $51.5M | $45.1M | ||
| Q3 24 | $32.4M | $55.6M | ||
| Q2 24 | $18.3M | $-9.3M | ||
| Q1 24 | $3.0M | — |
自由现金流BWINRAMP
| Q4 25 | $-68.9M | — | ||
| Q3 25 | $32.2M | $56.8M | ||
| Q2 25 | $-28.1M | $-16.2M | ||
| Q1 25 | $-72.9M | — | ||
| Q4 24 | $10.4M | $44.8M | ||
| Q3 24 | $22.2M | $55.4M | ||
| Q2 24 | $7.8M | $-9.6M | ||
| Q1 24 | $-5.1M | — |
自由现金流率BWINRAMP
| Q4 25 | -19.9% | — | ||
| Q3 25 | 8.8% | 28.4% | ||
| Q2 25 | -7.4% | -8.3% | ||
| Q1 25 | -17.6% | — | ||
| Q4 24 | 3.2% | 22.9% | ||
| Q3 24 | 6.6% | 29.8% | ||
| Q2 24 | 2.3% | -5.4% | ||
| Q1 24 | -1.4% | — |
资本支出强度BWINRAMP
| Q4 25 | 11.4% | 0.1% | ||
| Q3 25 | 2.4% | 0.3% | ||
| Q2 25 | 3.0% | 0.2% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 12.4% | 0.1% | ||
| Q3 24 | 3.0% | 0.1% | ||
| Q2 24 | 3.1% | 0.1% | ||
| Q1 24 | 2.1% | 1.0% |
现金转化率BWINRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | -4.59× | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.14× | — |
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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
RAMP
暂无分部数据
