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CREDIT ACCEPTANCE CORP（CACC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是CREDIT ACCEPTANCE CORP的1.3倍（$725.6M vs $579.9M），Reddit, Inc.净利率更高（34.7% vs 21.0%，领先13.6%），Reddit, Inc.同比增速更快（69.7% vs 2.5%），CREDIT ACCEPTANCE CORP自由现金流更多（$268.9M vs $263.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 6.8%）
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CACC vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.3倍
$579.9M
营收增速更快
RDDT
高出67.2%
2.5%
净利率更高
RDDT
高出13.6%
21.0%
自由现金流更多
CACC
多$5.3M
$263.6M
两年增速更快
RDDT
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $579.9M | $725.6M |
| 净利润 | $122.0M | $251.6M |
| 毛利率 | — | 91.9% |
| 营业利润率 | 27.1% | 31.9% |
| 净利率 | 21.0% | 34.7% |
| 营收同比 | 2.5% | 69.7% |
| 净利润同比 | -19.7% | 254.2% |
| 每股收益（稀释后） | $10.87 | $1.24 |
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CACCRDDT
| Q4 25 | $579.9M | $725.6M | ||
| Q3 25 | $582.4M | $584.9M | ||
| Q2 25 | $583.8M | $499.6M | ||
| Q1 25 | $571.1M | $392.4M | ||
| Q4 24 | $565.9M | $427.7M | ||
| Q3 24 | $550.3M | $348.4M | ||
| Q2 24 | $538.2M | $281.2M | ||
| Q1 24 | $508.0M | $243.0M |
净利润CACCRDDT
| Q4 25 | $122.0M | $251.6M | ||
| Q3 25 | $108.2M | $162.7M | ||
| Q2 25 | $87.4M | $89.3M | ||
| Q1 25 | $106.3M | $26.2M | ||
| Q4 24 | $151.9M | $71.0M | ||
| Q3 24 | $78.8M | $29.9M | ||
| Q2 24 | $-47.1M | $-10.1M | ||
| Q1 24 | $64.3M | $-575.1M |
毛利率CACCRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率CACCRDDT
| Q4 25 | 27.1% | 31.9% | ||
| Q3 25 | 25.6% | 23.7% | ||
| Q2 25 | 20.2% | 13.6% | ||
| Q1 25 | 24.8% | 1.0% | ||
| Q4 24 | 33.9% | 12.4% | ||
| Q3 24 | 19.4% | 2.0% | ||
| Q2 24 | -10.3% | -11.0% | ||
| Q1 24 | 17.0% | -242.5% |
净利率CACCRDDT
| Q4 25 | 21.0% | 34.7% | ||
| Q3 25 | 18.6% | 27.8% | ||
| Q2 25 | 15.0% | 17.9% | ||
| Q1 25 | 18.6% | 6.7% | ||
| Q4 24 | 26.8% | 16.6% | ||
| Q3 24 | 14.3% | 8.6% | ||
| Q2 24 | -8.8% | -3.6% | ||
| Q1 24 | 12.7% | -236.7% |
每股收益（稀释后）CACCRDDT
| Q4 25 | $10.87 | $1.24 | ||
| Q3 25 | $9.43 | $0.80 | ||
| Q2 25 | $7.42 | $0.45 | ||
| Q1 25 | $8.66 | $0.13 | ||
| Q4 24 | $12.28 | $4.76 | ||
| Q3 24 | $6.35 | $0.16 | ||
| Q2 24 | $-3.83 | $-0.06 | ||
| Q1 24 | $5.08 | $-8.19 |
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 | $22.8M | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $2.9B |
| 总资产 | $8.6B | $3.2B |
| 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CACCRDDT
| Q4 25 | $22.8M | $953.6M | ||
| Q3 25 | $15.9M | $911.7M | ||
| Q2 25 | $70.0M | $734.1M | ||
| Q1 25 | $528.8M | $635.7M | ||
| Q4 24 | $343.7M | $562.1M | ||
| Q3 24 | $159.7M | $515.9M | ||
| Q2 24 | $8.3M | $468.0M | ||
| Q1 24 | $8.4M | $968.5M |
股东权益CACCRDDT
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.7B | $1.8B |
总资产CACCRDDT
| Q4 25 | $8.6B | $3.2B | ||
| Q3 25 | $8.6B | $2.9B | ||
| Q2 25 | $8.7B | $2.6B | ||
| Q1 25 | $9.3B | $2.4B | ||
| Q4 24 | $8.9B | $2.3B | ||
| Q3 24 | $8.7B | $2.2B | ||
| Q2 24 | $8.3B | $2.1B | ||
| Q1 24 | $8.1B | $2.0B |
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 | $269.3M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $268.9M | $263.6M |
| 自由现金流率自由现金流/营收 | 46.4% | 36.3% |
| 资本支出强度资本支出/营收 | 0.1% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.21× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $684.2M |
8季度趋势，按日历期对齐
经营现金流CACCRDDT
| Q4 25 | $269.3M | $266.8M | ||
| Q3 25 | $299.4M | $185.2M | ||
| Q2 25 | $139.7M | $111.3M | ||
| Q1 25 | $346.2M | $127.6M | ||
| Q4 24 | $306.2M | $90.0M | ||
| Q3 24 | $317.7M | $71.6M | ||
| Q2 24 | $204.0M | $28.4M | ||
| Q1 24 | $310.0M | $32.1M |
自由现金流CACCRDDT
| Q4 25 | $268.9M | $263.6M | ||
| Q3 25 | $298.8M | $183.1M | ||
| Q2 25 | $139.4M | $110.8M | ||
| Q1 25 | $345.9M | $126.6M | ||
| Q4 24 | $305.5M | $89.2M | ||
| Q3 24 | $317.3M | $70.3M | ||
| Q2 24 | $203.6M | $27.2M | ||
| Q1 24 | $309.7M | $29.2M |
自由现金流率CACCRDDT
| Q4 25 | 46.4% | 36.3% | ||
| Q3 25 | 51.3% | 31.3% | ||
| Q2 25 | 23.9% | 22.2% | ||
| Q1 25 | 60.6% | 32.3% | ||
| Q4 24 | 54.0% | 20.8% | ||
| Q3 24 | 57.7% | 20.2% | ||
| Q2 24 | 37.8% | 9.7% | ||
| Q1 24 | 61.0% | 12.0% |
资本支出强度CACCRDDT
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.1% | 0.4% | ||
| Q1 24 | 0.1% | 1.2% |
现金转化率CACCRDDT
| Q4 25 | 2.21× | 1.06× | ||
| Q3 25 | 2.77× | 1.14× | ||
| Q2 25 | 1.60× | 1.25× | ||
| Q1 25 | 3.26× | 4.88× | ||
| Q4 24 | 2.02× | 1.27× | ||
| Q3 24 | 4.03× | 2.40× | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.82× | — |
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
CACC
| Loans Receivable | $553.0M | 95% |
| Other | $26.9M | 5% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
