vs
Clipper Realty Inc.（CLPR）与蜗牛（SNAL）财务数据对比。点击上方公司名可切换其他公司
Clipper Realty Inc.的季度营收约是蜗牛的1.5倍（$37.1M vs $25.1M），蜗牛净利率更高（-3.4% vs -30.4%，领先27.0%），Clipper Realty Inc.同比增速更快（-2.6% vs -4.2%），过去两年蜗牛的营收复合增速更高（33.4% vs 1.8%）
Clipper Realty Inc.旗下Clipper Equity由大卫·比斯特里瑟和山姆·莱文森牵头成立，在美国纽约与新泽西州拥有超60栋物业，合计数千套住宅单元。该企业最为人熟知的事迹是曾在2007年2月出价13亿美元收购纽约布鲁克林的斯塔雷特城住宅区，该交易曾是当时全球规模最大的房地产交易之一。
苏州蜗牛数字科技股份有限公司，简称蜗牛，是总部位于苏州的中国游戏企业，同时持有虚拟运营商牌照，旗下拥有蜗牛游戏、蜗牛移动两大业务板块，北美分部负责在美洲及欧洲地区推广旗下游戏产品。蜗牛主营大型多人在线、即时战略与休闲类游戏，全球累计注册用户已超7000万。
CLPR vs SNAL — 直观对比
营收规模更大
CLPR
是对方的1.5倍
$25.1M
营收增速更快
CLPR
高出1.6%
-4.2%
净利率更高
SNAL
高出27.0%
-30.4%
两年增速更快
SNAL
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.1M | $25.1M |
| 净利润 | $-11.3M | $-862.2K |
| 毛利率 | -5.2% | 38.3% |
| 营业利润率 | 21.8% | -6.0% |
| 净利率 | -30.4% | -3.4% |
| 营收同比 | -2.6% | -4.2% |
| 净利润同比 | -938.6% | -177.0% |
| 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CLPRSNAL
| Q4 25 | $37.1M | $25.1M | ||
| Q3 25 | $37.7M | $13.8M | ||
| Q2 25 | $39.0M | $22.2M | ||
| Q1 25 | $39.4M | $20.1M | ||
| Q4 24 | $38.0M | $26.2M | ||
| Q3 24 | $37.6M | $22.5M | ||
| Q2 24 | $37.3M | $21.6M | ||
| Q1 24 | $35.8M | $14.1M |
净利润CLPRSNAL
| Q4 25 | $-11.3M | $-862.2K | ||
| Q3 25 | $-4.6M | $-7.9M | ||
| Q2 25 | $-1.4M | $-16.6M | ||
| Q1 25 | $-35.1M | $-1.9M | ||
| Q4 24 | $-1.1M | $1.1M | ||
| Q3 24 | $-1.1M | $235.1K | ||
| Q2 24 | $-1.7M | $2.3M | ||
| Q1 24 | $-2.7M | $-1.8M |
毛利率CLPRSNAL
| Q4 25 | -5.2% | 38.3% | ||
| Q3 25 | 23.6% | 0.1% | ||
| Q2 25 | 27.8% | 31.3% | ||
| Q1 25 | -34.5% | 29.1% | ||
| Q4 24 | 28.8% | 43.3% | ||
| Q3 24 | 28.6% | 38.6% | ||
| Q2 24 | 26.8% | 37.5% | ||
| Q1 24 | 25.4% | 14.7% |
营业利润率CLPRSNAL
| Q4 25 | 21.8% | -6.0% | ||
| Q3 25 | 23.6% | -71.3% | ||
| Q2 25 | 27.7% | -8.2% | ||
| Q1 25 | -59.9% | -20.4% | ||
| Q4 24 | 28.1% | 11.5% | ||
| Q3 24 | 28.6% | 1.8% | ||
| Q2 24 | 26.8% | 12.4% | ||
| Q1 24 | 25.4% | -15.6% |
净利率CLPRSNAL
| Q4 25 | -30.4% | -3.4% | ||
| Q3 25 | -12.2% | -56.9% | ||
| Q2 25 | -3.5% | -74.7% | ||
| Q1 25 | -89.1% | -9.7% | ||
| Q4 24 | -2.9% | 4.3% | ||
| Q3 24 | -2.9% | 1.0% | ||
| Q2 24 | -4.7% | 10.4% | ||
| Q1 24 | -7.5% | -12.6% |
每股收益（稀释后）CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.44 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $-0.05 |
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 | $30.8M | $8.6M |
| 总债务越低越好 | — | $14.6M |
| 股东权益账面价值 | $-30.7M | $-16.4M |
| 总资产 | $1.2B | $59.3M |
| 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CLPRSNAL
| Q4 25 | $30.8M | $8.6M | ||
| Q3 25 | $26.1M | $12.3M | ||
| Q2 25 | $32.0M | $7.9M | ||
| Q1 25 | $21.3M | $9.4M | ||
| Q4 24 | $19.9M | $7.3M | ||
| Q3 24 | $18.6M | $10.6M | ||
| Q2 24 | $20.3M | $15.5M | ||
| Q1 24 | $21.9M | $16.1M |
总债务CLPRSNAL
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | $1.3B | $9.0M | ||
| Q4 24 | $1.3B | $5.7M | ||
| Q3 24 | $1.3B | $5.7M | ||
| Q2 24 | $1.2B | $5.8M | ||
| Q1 24 | $1.2B | $6.5M |
股东权益CLPRSNAL
| Q4 25 | $-30.7M | $-16.4M | ||
| Q3 25 | $-25.0M | $-15.6M | ||
| Q2 25 | $-21.9M | $-8.0M | ||
| Q1 25 | $-20.1M | $9.1M | ||
| Q4 24 | $-5.4M | $9.7M | ||
| Q3 24 | $-3.6M | $8.2M | ||
| Q2 24 | $-1.8M | $7.9M | ||
| Q1 24 | $279.0K | $5.6M |
总资产CLPRSNAL
| Q4 25 | $1.2B | $59.3M | ||
| Q3 25 | $1.2B | $51.1M | ||
| Q2 25 | $1.2B | $58.0M | ||
| Q1 25 | $1.3B | $64.5M | ||
| Q4 24 | $1.3B | $62.2M | ||
| Q3 24 | $1.3B | $66.8M | ||
| Q2 24 | $1.3B | $75.4M | ||
| Q1 24 | $1.3B | $78.3M |
负债/权益比CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | 4396.73× | 1.16× |
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 | $22.6M | $-5.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CLPRSNAL
| Q4 25 | $22.6M | $-5.3M | ||
| Q3 25 | $1.4M | $6.6M | ||
| Q2 25 | $8.4M | $-3.2M | ||
| Q1 25 | $6.7M | $764.5K | ||
| Q4 24 | $31.9M | $-3.6M | ||
| Q3 24 | $6.3M | $-5.0M | ||
| Q2 24 | $8.8M | $206.6K | ||
| Q1 24 | $6.3M | $6.8M |
自由现金流CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-4.6M | — | ||
| Q4 24 | $-37.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-14.7M | — |
自由现金流率CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -11.7% | — | ||
| Q4 24 | -99.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -41.1% | — |
资本支出强度CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 183.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 58.6% | — |
现金转化率CLPRSNAL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.21× | ||
| Q3 24 | — | -21.05× | ||
| Q2 24 | — | 0.09× | ||
| 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
CLPR
| Residential Segment | $30.8M | 83% |
| Commercial Real Estate | $6.2M | 17% |
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
