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基华物流（CEVA）与Nebius Group N.V.（NBIS）财务数据对比。点击上方公司名可切换其他公司
Nebius Group N.V.的季度营收约是基华物流的1.0倍（$32.1M vs $31.3M）。基华物流自由现金流更多（$7.2M vs $-586.8M）
赛物流是一家全球物流与供应链企业，提供货运管理以及合约物流服务，2019年被达飞海运集团收购。收购完成后，达飞集团陆续将英格迈微商务生命周期服务、GEFCO等多家物流运输企业并入赛物流，助力其业务发展与规模扩张。
Nebius Group N.V.是总部位于阿姆斯特丹的科技企业，核心业务为提供人工智能基础设施相关服务。集团旗下拥有Avride、TripleTen两大品牌，同时持有Toloka和Clickhouse的股份，在以色列、美国均设有办公地点。
CEVA vs NBIS — 直观对比
营收规模更大
NBIS
是对方的1.0倍
$31.3M
自由现金流更多
CEVA
多$594.0M
$-586.8M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $31.3M | $32.1M |
| 净利润 | $-1.1M | — |
| 毛利率 | 88.1% | — |
| 营业利润率 | -1.3% | -251.1% |
| 净利率 | -3.5% | — |
| 营收同比 | 7.1% | — |
| 净利润同比 | 36.8% | — |
| 每股收益（稀释后） | — | — |
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CEVANBIS
| Q4 25 | $31.3M | — | ||
| Q3 25 | $28.4M | $32.1M | ||
| Q2 25 | $25.7M | $24.2M | ||
| Q1 25 | $24.2M | — | ||
| Q4 24 | $29.2M | — | ||
| Q3 24 | $27.2M | $79.6M | ||
| Q2 24 | $28.4M | $36.3M | ||
| Q1 24 | $22.1M | — |
净利润CEVANBIS
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $-2.5M | — | ||
| Q2 25 | $-3.7M | $-185.4M | ||
| Q1 25 | $-3.3M | — | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $-1.3M | $-258.2M | ||
| Q2 24 | $-291.0K | $-118.3M | ||
| Q1 24 | $-5.4M | — |
毛利率CEVANBIS
| Q4 25 | 88.1% | — | ||
| Q3 25 | 88.0% | — | ||
| Q2 25 | 86.2% | — | ||
| Q1 25 | 85.6% | — | ||
| Q4 24 | 88.5% | — | ||
| Q3 24 | 85.4% | — | ||
| Q2 24 | 89.7% | — | ||
| Q1 24 | 88.7% | — |
营业利润率CEVANBIS
| Q4 25 | -1.3% | — | ||
| Q3 25 | -7.3% | -251.1% | ||
| Q2 25 | -17.5% | -754.1% | ||
| Q1 25 | -18.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -9.6% | -366.1% | ||
| Q2 24 | -0.1% | -563.1% | ||
| Q1 24 | -22.5% | — |
净利率CEVANBIS
| Q4 25 | -3.5% | — | ||
| Q3 25 | -8.8% | — | ||
| Q2 25 | -14.4% | -766.1% | ||
| Q1 25 | -13.7% | — | ||
| Q4 24 | -5.9% | — | ||
| Q3 24 | -4.8% | -324.4% | ||
| Q2 24 | -1.0% | -325.9% | ||
| Q1 24 | -24.7% | — |
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 | $40.6M | $4.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $336.5M | $4.8B |
| 总资产 | $388.3M | $10.1B |
| 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CEVANBIS
| Q4 25 | $40.6M | — | ||
| Q3 25 | $17.3M | $4.8B | ||
| Q2 25 | $29.1M | $1.7B | ||
| Q1 25 | $18.8M | — | ||
| Q4 24 | $18.8M | — | ||
| Q3 24 | $13.2M | $2.3B | ||
| Q2 24 | $25.0M | $2.3B | ||
| Q1 24 | $21.6M | — |
股东权益CEVANBIS
| Q4 25 | $336.5M | — | ||
| Q3 25 | $268.7M | $4.8B | ||
| Q2 25 | $265.9M | $3.8B | ||
| Q1 25 | $269.1M | — | ||
| Q4 24 | $266.6M | — | ||
| Q3 24 | $265.8M | $2.9B | ||
| Q2 24 | $263.8M | $4.3B | ||
| Q1 24 | $262.3M | — |
总资产CEVANBIS
| Q4 25 | $388.3M | — | ||
| Q3 25 | $306.0M | $10.1B | ||
| Q2 25 | $302.8M | $5.1B | ||
| Q1 25 | $310.0M | — | ||
| Q4 24 | $308.9M | — | ||
| Q3 24 | $304.9M | $3.0B | ||
| Q2 24 | $300.4M | $4.4B | ||
| Q1 24 | $301.4M | — |
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 | $8.7M | $-196.8M |
| 自由现金流经营现金流 - 资本支出 | $7.2M | $-586.8M |
| 自由现金流率自由现金流/营收 | 23.1% | -1828.0% |
| 资本支出强度资本支出/营收 | 4.8% | 1215.0% |
| 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 | $-6.3M | — |
8季度趋势，按日历期对齐
经营现金流CEVANBIS
| Q4 25 | $8.7M | — | ||
| Q3 25 | $-5.9M | $-196.8M | ||
| Q2 25 | $1.2M | $-162.0M | ||
| Q1 25 | $-7.4M | — | ||
| Q4 24 | $8.0M | — | ||
| Q3 24 | $399.0K | — | ||
| Q2 24 | $2.4M | — | ||
| Q1 24 | $-7.3M | — |
自由现金流CEVANBIS
| Q4 25 | $7.2M | — | ||
| Q3 25 | $-6.3M | $-586.8M | ||
| Q2 25 | $492.0K | $-379.9M | ||
| Q1 25 | $-7.7M | — | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $-15.0K | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $-8.3M | — |
自由现金流率CEVANBIS
| Q4 25 | 23.1% | — | ||
| Q3 25 | -22.1% | -1828.0% | ||
| Q2 25 | 1.9% | -1569.8% | ||
| Q1 25 | -31.8% | — | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 6.2% | — | ||
| Q1 24 | -37.4% | — |
资本支出强度CEVANBIS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 1.5% | 1215.0% | ||
| Q2 25 | 2.7% | 900.4% | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 4.1% | — |
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
CEVA
| Transferred At Point In Time | $28.1M | 90% |
| Transferred Over Time | $3.2M | 10% |
NBIS
| Nebius | $27.1M | 84% |
| TripleTen | $6.3M | 20% |
| Avride | $100.0K | 0% |
