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基华物流（CEVA）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
Zoom Communications, Inc.的季度营收约是基华物流的39.3倍（$1.2B vs $31.3M）。Zoom Communications, Inc.净利率更高（49.8% vs -3.5%，领先53.3%）。基华物流同比增速更快（7.1% vs 4.4%）。Zoom Communications, Inc.自由现金流更多（$614.3M vs $7.2M）。过去两年基华物流的营收复合增速更高（19.1% vs 3.6%）
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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
CEVA vs ZM — 直观对比
营收规模更大
ZM
是对方的39.3倍
$31.3M
营收增速更快
CEVA
高出2.6%
4.4%
净利率更高
ZM
高出53.3%
-3.5%
自由现金流更多
ZM
多$607.1M
$7.2M
两年增速更快
CEVA
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $31.3M | $1.2B |
| 净利润 | $-1.1M | $612.9M |
| 毛利率 | 88.1% | 77.9% |
| 营业利润率 | -1.3% | 25.2% |
| 净利率 | -3.5% | 49.8% |
| 营收同比 | 7.1% | 4.4% |
| 净利润同比 | 36.8% | 196.0% |
| 每股收益（稀释后） | — | $2.01 |
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CEVAZM
| Q4 25 | $31.3M | $1.2B | ||
| Q3 25 | $28.4M | $1.2B | ||
| Q2 25 | $25.7M | $1.2B | ||
| Q1 25 | $24.2M | $1.2B | ||
| Q4 24 | $29.2M | $1.2B | ||
| Q3 24 | $27.2M | $1.2B | ||
| Q2 24 | $28.4M | $1.1B | ||
| Q1 24 | $22.1M | $1.1B |
净利润CEVAZM
| Q4 25 | $-1.1M | $612.9M | ||
| Q3 25 | $-2.5M | $358.6M | ||
| Q2 25 | $-3.7M | $254.6M | ||
| Q1 25 | $-3.3M | $367.9M | ||
| Q4 24 | $-1.7M | $207.1M | ||
| Q3 24 | $-1.3M | $219.0M | ||
| Q2 24 | $-291.0K | $216.3M | ||
| Q1 24 | $-5.4M | $298.8M |
毛利率CEVAZM
| Q4 25 | 88.1% | 77.9% | ||
| Q3 25 | 88.0% | 77.6% | ||
| Q2 25 | 86.2% | 76.3% | ||
| Q1 25 | 85.6% | 75.7% | ||
| Q4 24 | 88.5% | 75.9% | ||
| Q3 24 | 85.4% | 75.5% | ||
| Q2 24 | 89.7% | 76.1% | ||
| Q1 24 | 88.7% | 75.9% |
营业利润率CEVAZM
| Q4 25 | -1.3% | 25.2% | ||
| Q3 25 | -7.3% | 26.4% | ||
| Q2 25 | -17.5% | 20.6% | ||
| Q1 25 | -18.1% | 19.0% | ||
| Q4 24 | 0.3% | 15.5% | ||
| Q3 24 | -9.6% | 17.4% | ||
| Q2 24 | -0.1% | 17.8% | ||
| Q1 24 | -22.5% | 14.7% |
净利率CEVAZM
| Q4 25 | -3.5% | 49.8% | ||
| Q3 25 | -8.8% | 29.5% | ||
| Q2 25 | -14.4% | 21.7% | ||
| Q1 25 | -13.7% | 31.1% | ||
| Q4 24 | -5.9% | 17.6% | ||
| Q3 24 | -4.8% | 18.8% | ||
| Q2 24 | -1.0% | 19.0% | ||
| Q1 24 | -24.7% | 26.1% |
每股收益（稀释后）CEVAZM
| Q4 25 | — | $2.01 | ||
| Q3 25 | — | $1.16 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $1.16 | ||
| Q4 24 | — | $0.66 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.69 | ||
| Q1 24 | — | $0.98 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $336.5M | $9.3B |
| 总资产 | $388.3M | $11.4B |
| 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CEVAZM
| Q4 25 | $40.6M | $1.2B | ||
| Q3 25 | $17.3M | $1.2B | ||
| Q2 25 | $29.1M | $1.2B | ||
| Q1 25 | $18.8M | $1.3B | ||
| Q4 24 | $18.8M | $1.3B | ||
| Q3 24 | $13.2M | $1.5B | ||
| Q2 24 | $25.0M | $1.9B | ||
| Q1 24 | $21.6M | $1.6B |
股东权益CEVAZM
| Q4 25 | $336.5M | $9.3B | ||
| Q3 25 | $268.7M | $9.0B | ||
| Q2 25 | $265.9M | $8.9B | ||
| Q1 25 | $269.1M | $8.9B | ||
| Q4 24 | $266.6M | $8.7B | ||
| Q3 24 | $265.8M | $8.5B | ||
| Q2 24 | $263.8M | $8.3B | ||
| Q1 24 | $262.3M | $8.0B |
总资产CEVAZM
| Q4 25 | $388.3M | $11.4B | ||
| Q3 25 | $306.0M | $11.0B | ||
| Q2 25 | $302.8M | $11.0B | ||
| Q1 25 | $310.0M | $11.0B | ||
| Q4 24 | $308.9M | $10.7B | ||
| Q3 24 | $304.9M | $10.5B | ||
| Q2 24 | $300.4M | $10.3B | ||
| Q1 24 | $301.4M | $9.9B |
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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $7.2M | $614.3M |
| 自由现金流率自由现金流/营收 | 23.1% | 50.0% |
| 资本支出强度资本支出/营收 | 4.8% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.03× |
| 过去12个月自由现金流最近4个季度 | $-6.3M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CEVAZM
| Q4 25 | $8.7M | $629.3M | ||
| Q3 25 | $-5.9M | $515.9M | ||
| Q2 25 | $1.2M | $489.3M | ||
| Q1 25 | $-7.4M | $424.6M | ||
| Q4 24 | $8.0M | $483.2M | ||
| Q3 24 | $399.0K | $449.3M | ||
| Q2 24 | $2.4M | $588.2M | ||
| Q1 24 | $-7.3M | $351.2M |
自由现金流CEVAZM
| Q4 25 | $7.2M | $614.3M | ||
| Q3 25 | $-6.3M | $508.0M | ||
| Q2 25 | $492.0K | $463.4M | ||
| Q1 25 | $-7.7M | $416.2M | ||
| Q4 24 | $7.0M | $457.7M | ||
| Q3 24 | $-15.0K | $365.1M | ||
| Q2 24 | $1.8M | $569.7M | ||
| Q1 24 | $-8.3M | $332.7M |
自由现金流率CEVAZM
| Q4 25 | 23.1% | 50.0% | ||
| Q3 25 | -22.1% | 41.7% | ||
| Q2 25 | 1.9% | 39.4% | ||
| Q1 25 | -31.8% | 35.2% | ||
| Q4 24 | 24.0% | 38.9% | ||
| Q3 24 | -0.1% | 31.4% | ||
| Q2 24 | 6.2% | 49.9% | ||
| Q1 24 | -37.4% | 29.0% |
资本支出强度CEVAZM
| Q4 25 | 4.8% | 1.2% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 2.7% | 2.2% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 3.5% | 2.2% | ||
| Q3 24 | 1.5% | 7.2% | ||
| Q2 24 | 2.1% | 1.6% | ||
| Q1 24 | 4.1% | 1.6% |
现金转化率CEVAZM
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.72× | ||
| Q1 24 | — | 1.18× |
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% |
ZM
暂无分部数据
