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Certara, Inc.（CERT）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是Certara, Inc.的1.2倍（$123.0M vs $103.6M），Certara, Inc.同比增速更快（3.3% vs 1.9%），过去两年Certara, Inc.的营收复合增速更高（3.6% vs 3.3%）
Certara是全球领先的生物制药软件及咨询服务提供商，专注于建模模拟、监管科学领域的解决方案，服务药企、生物技术企业及医疗相关方，覆盖药物研发全周期，助力加快新疗法上市，降低研发风险与综合成本。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
CERT vs MSTR — 直观对比
营收规模更大
MSTR
是对方的1.2倍
$103.6M
营收增速更快
CERT
高出1.4%
1.9%
两年增速更快
CERT
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $103.6M | $123.0M |
| 净利润 | $-5.9M | — |
| 毛利率 | — | 66.1% |
| 营业利润率 | 0.8% | — |
| 净利率 | -5.7% | — |
| 营收同比 | 3.3% | 1.9% |
| 净利润同比 | -189.6% | — |
| 每股收益（稀释后） | $-0.04 | — |
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CERTMSTR
| Q4 25 | $103.6M | $123.0M | ||
| Q3 25 | $104.6M | $128.7M | ||
| Q2 25 | $104.6M | $114.5M | ||
| Q1 25 | $106.0M | $111.1M | ||
| Q4 24 | $100.4M | $120.7M | ||
| Q3 24 | $94.8M | $116.1M | ||
| Q2 24 | $93.3M | $111.4M | ||
| Q1 24 | $96.7M | $115.2M |
净利润CERTMSTR
| Q4 25 | $-5.9M | — | ||
| Q3 25 | $1.5M | $2.8B | ||
| Q2 25 | $-2.0M | $10.0B | ||
| Q1 25 | $4.7M | $-4.2B | ||
| Q4 24 | $6.6M | $-670.8M | ||
| Q3 24 | $-1.4M | $-340.2M | ||
| Q2 24 | $-12.6M | $-102.6M | ||
| Q1 24 | $-4.7M | $-53.1M |
毛利率CERTMSTR
| Q4 25 | — | 66.1% | ||
| Q3 25 | — | 70.5% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 71.7% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 72.2% | ||
| Q1 24 | — | 74.0% |
营业利润率CERTMSTR
| Q4 25 | 0.8% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 7.2% | -5331.4% | ||
| Q4 24 | 6.0% | -842.1% | ||
| Q3 24 | 2.7% | -372.7% | ||
| Q2 24 | -9.7% | -179.7% | ||
| Q1 24 | -1.3% | -176.8% |
净利率CERTMSTR
| Q4 25 | -5.7% | — | ||
| Q3 25 | 1.5% | 2164.1% | ||
| Q2 25 | -1.9% | 8752.7% | ||
| Q1 25 | 4.5% | -3797.2% | ||
| Q4 24 | 6.6% | -555.8% | ||
| Q3 24 | -1.4% | -293.1% | ||
| Q2 24 | -13.5% | -92.0% | ||
| Q1 24 | -4.8% | -46.1% |
每股收益（稀释后）CERTMSTR
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.01 | $8.42 | ||
| Q2 25 | $-0.01 | $32.60 | ||
| Q1 25 | $0.03 | $-16.49 | ||
| Q4 24 | $0.04 | $4.49 | ||
| Q3 24 | $-0.01 | $-1.72 | ||
| Q2 24 | $-0.08 | $-0.57 | ||
| Q1 24 | $-0.03 | $-0.31 |
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 | $189.4M | $2.3B |
| 总债务越低越好 | $293.1M | $8.2B |
| 股东权益账面价值 | $1.1B | $44.1B |
| 总资产 | $1.6B | $61.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资CERTMSTR
| Q4 25 | $189.4M | $2.3B | ||
| Q3 25 | $172.7M | $54.3M | ||
| Q2 25 | $162.3M | $50.1M | ||
| Q1 25 | $179.1M | $60.3M | ||
| Q4 24 | $179.2M | $38.1M | ||
| Q3 24 | $233.0M | $46.3M | ||
| Q2 24 | $224.6M | $66.9M | ||
| Q1 24 | $224.8M | $81.3M |
总债务CERTMSTR
| Q4 25 | $293.1M | $8.2B | ||
| Q3 25 | $293.5M | $8.2B | ||
| Q2 25 | $294.2M | $8.2B | ||
| Q1 25 | $294.8M | $8.1B | ||
| Q4 24 | $295.4M | $7.2B | ||
| Q3 24 | $296.1M | $4.2B | ||
| Q2 24 | $296.7M | $3.8B | ||
| Q1 24 | $290.8M | $3.6B |
股东权益CERTMSTR
| Q4 25 | $1.1B | $44.1B | ||
| Q3 25 | $1.1B | $52.3B | ||
| Q2 25 | $1.1B | $47.5B | ||
| Q1 25 | $1.1B | $32.2B | ||
| Q4 24 | $1.1B | $18.2B | ||
| Q3 24 | $1.1B | $3.8B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $1.1B | $2.4B |
总资产CERTMSTR
| Q4 25 | $1.6B | $61.6B | ||
| Q3 25 | $1.5B | $73.6B | ||
| Q2 25 | $1.5B | $64.8B | ||
| Q1 25 | $1.6B | $43.9B | ||
| Q4 24 | $1.6B | $25.8B | ||
| Q3 24 | $1.5B | $8.3B | ||
| Q2 24 | $1.5B | $7.1B | ||
| Q1 24 | $1.5B | $6.4B |
负债/权益比CERTMSTR
| Q4 25 | 0.28× | 0.19× | ||
| Q3 25 | 0.28× | 0.16× | ||
| Q2 25 | 0.27× | 0.17× | ||
| Q1 25 | 0.27× | 0.25× | ||
| Q4 24 | 0.28× | 0.39× | ||
| Q3 24 | 0.28× | 1.12× | ||
| Q2 24 | 0.28× | 1.36× | ||
| Q1 24 | 0.28× | 1.48× |
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 | $28.8M | — |
| 自由现金流经营现金流 - 资本支出 | $27.8M | — |
| 自由现金流率自由现金流/营收 | 26.8% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 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 | $94.4M | — |
8季度趋势，按日历期对齐
经营现金流CERTMSTR
| Q4 25 | $28.8M | — | ||
| Q3 25 | $32.3M | $-8.3M | ||
| Q2 25 | $17.8M | $-34.9M | ||
| Q1 25 | $17.4M | $-2.4M | ||
| Q4 24 | $49.4M | $-17.3M | ||
| Q3 24 | $17.0M | $-41.0M | ||
| Q2 24 | $9.8M | $-23.3M | ||
| Q1 24 | $4.3M | $28.6M |
自由现金流CERTMSTR
| Q4 25 | $27.8M | — | ||
| Q3 25 | $32.1M | $-11.1M | ||
| Q2 25 | $17.8M | $-37.0M | ||
| Q1 25 | $16.8M | $-5.1M | ||
| Q4 24 | $49.0M | $-17.6M | ||
| Q3 24 | $16.8M | $-41.4M | ||
| Q2 24 | $9.4M | $-24.1M | ||
| Q1 24 | $3.7M | $27.0M |
自由现金流率CERTMSTR
| Q4 25 | 26.8% | — | ||
| Q3 25 | 30.7% | -8.6% | ||
| Q2 25 | 17.0% | -32.3% | ||
| Q1 25 | 15.8% | -4.6% | ||
| Q4 24 | 48.8% | -14.6% | ||
| Q3 24 | 17.7% | -35.7% | ||
| Q2 24 | 10.1% | -21.6% | ||
| Q1 24 | 3.8% | 23.5% |
资本支出强度CERTMSTR
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.2% | 2.2% | ||
| Q2 25 | 0.1% | 1.8% | ||
| Q1 25 | 0.6% | 2.5% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 0.5% | 0.6% | ||
| Q1 24 | 0.6% | 1.3% |
现金转化率CERTMSTR
| Q4 25 | — | — | ||
| Q3 25 | 21.19× | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | 3.66× | — | ||
| Q4 24 | 7.51× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
