vs
CrossAmerica Partners LP（CAPL）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是CrossAmerica Partners LP的1.9倍（$1.6B vs $866.3M），Toast, Inc.净利率更高（6.2% vs 1.2%，领先5.0%），Toast, Inc.同比增速更快（22.0% vs -8.3%），Toast, Inc.自由现金流更多（$178.0M vs $22.4M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
CAPL vs TOST — 直观对比
营收规模更大
TOST
是对方的1.9倍
$866.3M
营收增速更快
TOST
高出30.3%
-8.3%
净利率更高
TOST
高出5.0%
1.2%
自由现金流更多
TOST
多$155.6M
$22.4M
两年增速更快
TOST
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $1.6B |
| 净利润 | $10.2M | $101.0M |
| 毛利率 | 12.4% | 25.9% |
| 营业利润率 | 3.0% | 5.2% |
| 净利率 | 1.2% | 6.2% |
| 营收同比 | -8.3% | 22.0% |
| 净利润同比 | -39.6% | 215.6% |
| 每股收益（稀释后） | $0.24 | $0.18 |
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CAPLTOST
| Q4 25 | $866.3M | $1.6B | ||
| Q3 25 | $971.8M | $1.6B | ||
| Q2 25 | $961.9M | $1.6B | ||
| Q1 25 | $862.5M | $1.3B | ||
| Q4 24 | $944.2M | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $941.5M | $1.1B |
净利润CAPLTOST
| Q4 25 | $10.2M | $101.0M | ||
| Q3 25 | $13.6M | $105.0M | ||
| Q2 25 | $25.2M | $80.0M | ||
| Q1 25 | $-7.1M | $56.0M | ||
| Q4 24 | $16.9M | $32.0M | ||
| Q3 24 | $10.7M | $56.0M | ||
| Q2 24 | $12.4M | $14.0M | ||
| Q1 24 | $-17.5M | $-83.0M |
毛利率CAPLTOST
| Q4 25 | 12.4% | 25.9% | ||
| Q3 25 | 10.8% | 26.5% | ||
| Q2 25 | 10.5% | 25.3% | ||
| Q1 25 | 10.4% | 25.9% | ||
| Q4 24 | 10.7% | 24.9% | ||
| Q3 24 | 10.3% | 24.7% | ||
| Q2 24 | 9.2% | 23.0% | ||
| Q1 24 | 8.6% | 23.2% |
营业利润率CAPLTOST
| Q4 25 | 3.0% | 5.2% | ||
| Q3 25 | 2.9% | 5.1% | ||
| Q2 25 | 4.3% | 5.2% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 2.5% | 2.6% | ||
| Q2 24 | 2.5% | 0.4% | ||
| Q1 24 | -1.4% | -5.2% |
净利率CAPLTOST
| Q4 25 | 1.2% | 6.2% | ||
| Q3 25 | 1.4% | 6.4% | ||
| Q2 25 | 2.6% | 5.2% | ||
| Q1 25 | -0.8% | 4.2% | ||
| Q4 24 | 1.8% | 2.4% | ||
| Q3 24 | 1.0% | 4.3% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | -1.9% | -7.7% |
每股收益（稀释后）CAPLTOST
| Q4 25 | $0.24 | $0.18 | ||
| Q3 25 | $0.34 | $0.16 | ||
| Q2 25 | $0.64 | $0.13 | ||
| Q1 25 | $-0.20 | $0.09 | ||
| Q4 24 | $0.42 | $0.09 | ||
| Q3 24 | $0.27 | $0.07 | ||
| Q2 24 | $0.31 | $0.02 | ||
| Q1 24 | $-0.48 | $-0.15 |
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 | $3.1M | $1.4B |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | $964.7M | $3.1B |
| 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CAPLTOST
| Q4 25 | $3.1M | $1.4B | ||
| Q3 25 | $5.8M | $1.4B | ||
| Q2 25 | $9.7M | $1.2B | ||
| Q1 25 | $6.7M | $1.0B | ||
| Q4 24 | $3.4M | $903.0M | ||
| Q3 24 | $7.8M | $761.0M | ||
| Q2 24 | $5.5M | $691.0M | ||
| Q1 24 | $6.3M | $578.0M |
总债务CAPLTOST
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLTOST
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产CAPLTOST
| Q4 25 | $964.7M | $3.1B | ||
| Q3 25 | $998.9M | $3.0B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.2B | $2.2B | ||
| Q1 24 | $1.2B | $2.1B |
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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $178.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 10.9% |
| 资本支出强度资本支出/营收 | 0.8% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.89× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $608.0M |
8季度趋势，按日历期对齐
经营现金流CAPLTOST
| Q4 25 | $29.4M | $194.0M | ||
| Q3 25 | $24.4M | $165.0M | ||
| Q2 25 | $22.6M | $223.0M | ||
| Q1 25 | $15.0M | $79.0M | ||
| Q4 24 | $11.1M | $147.0M | ||
| Q3 24 | $41.9M | $109.0M | ||
| Q2 24 | $28.9M | $124.0M | ||
| Q1 24 | $5.8M | $-20.0M |
自由现金流CAPLTOST
| Q4 25 | $22.4M | $178.0M | ||
| Q3 25 | $17.7M | $153.0M | ||
| Q2 25 | $10.8M | $208.0M | ||
| Q1 25 | $4.9M | $69.0M | ||
| Q4 24 | $3.9M | $134.0M | ||
| Q3 24 | $34.2M | $97.0M | ||
| Q2 24 | $23.6M | $108.0M | ||
| Q1 24 | $-289.0K | $-33.0M |
自由现金流率CAPLTOST
| Q4 25 | 2.6% | 10.9% | ||
| Q3 25 | 1.8% | 9.4% | ||
| Q2 25 | 1.1% | 13.4% | ||
| Q1 25 | 0.6% | 5.2% | ||
| Q4 24 | 0.4% | 10.0% | ||
| Q3 24 | 3.2% | 7.4% | ||
| Q2 24 | 2.1% | 8.7% | ||
| Q1 24 | -0.0% | -3.1% |
资本支出强度CAPLTOST
| Q4 25 | 0.8% | 1.0% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 1.2% | 1.0% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 0.8% | 1.0% | ||
| Q3 24 | 0.7% | 0.9% | ||
| Q2 24 | 0.5% | 1.3% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率CAPLTOST
| Q4 25 | 2.89× | 1.92× | ||
| Q3 25 | 1.79× | 1.57× | ||
| Q2 25 | 0.90× | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 0.66× | 4.59× | ||
| Q3 24 | 3.92× | 1.95× | ||
| Q2 24 | 2.33× | 8.86× | ||
| Q1 24 | — | — |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
