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科睿唯安（CLVT）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
科睿唯安的季度营收约是Upstart Holdings, Inc.的2.0倍（$585.5M vs $296.1M），Upstart Holdings, Inc.净利率更高（6.3% vs -6.9%，领先13.2%），Upstart Holdings, Inc.同比增速更快（35.2% vs -1.4%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $78.9M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% vs -5.1%）
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
CLVT vs UPST — 直观对比
营收规模更大
CLVT
是对方的2.0倍
$296.1M
营收增速更快
UPST
高出36.6%
-1.4%
净利率更高
UPST
高出13.2%
-6.9%
自由现金流更多
UPST
多$29.5M
$78.9M
两年增速更快
UPST
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $296.1M |
| 净利润 | $-40.2M | $18.6M |
| 毛利率 | 67.2% | — |
| 营业利润率 | 5.2% | 6.4% |
| 净利率 | -6.9% | 6.3% |
| 营收同比 | -1.4% | 35.2% |
| 净利润同比 | 61.3% | 776.4% |
| 每股收益（稀释后） | $-0.06 | $0.20 |
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CLVTUPST
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $296.1M | ||
| Q3 25 | $623.1M | $277.1M | ||
| Q2 25 | $621.4M | $257.3M | ||
| Q1 25 | $593.7M | $213.4M | ||
| Q4 24 | $663.0M | $219.0M | ||
| Q3 24 | $622.2M | $162.1M | ||
| Q2 24 | $650.3M | $127.6M |
净利润CLVTUPST
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $18.6M | ||
| Q3 25 | $-28.3M | $31.8M | ||
| Q2 25 | $-72.0M | $5.6M | ||
| Q1 25 | $-103.9M | $-2.4M | ||
| Q4 24 | $-191.8M | $-2.8M | ||
| Q3 24 | $-65.6M | $-6.8M | ||
| Q2 24 | $-304.3M | $-54.5M |
毛利率CLVTUPST
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 67.2% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.7% | — | ||
| Q3 24 | 66.2% | — | ||
| Q2 24 | 67.2% | — |
营业利润率CLVTUPST
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 6.4% | ||
| Q3 25 | 7.1% | 8.5% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | -3.5% | -2.1% | ||
| Q4 24 | -9.4% | -2.2% | ||
| Q3 24 | 3.5% | -27.8% | ||
| Q2 24 | -36.9% | -43.5% |
净利率CLVTUPST
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | 6.3% | ||
| Q3 25 | -4.5% | 11.5% | ||
| Q2 25 | -11.6% | 2.2% | ||
| Q1 25 | -17.5% | -1.1% | ||
| Q4 24 | -28.9% | -1.3% | ||
| Q3 24 | -10.5% | -4.2% | ||
| Q2 24 | -46.8% | -42.7% |
每股收益（稀释后）CLVTUPST
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $0.20 | ||
| Q3 25 | $-0.04 | $0.23 | ||
| Q2 25 | $-0.11 | $0.05 | ||
| Q1 25 | $-0.15 | $-0.03 | ||
| Q4 24 | $-0.27 | $-0.01 | ||
| Q3 24 | $-0.09 | $-0.07 | ||
| Q2 24 | $-0.46 | $-0.62 |
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 | — | $652.4M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $4.8B | $798.8M |
| 总资产 | $10.9B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.89× | — |
8季度趋势，按日历期对齐
现金及短期投资CLVTUPST
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $652.4M | ||
| Q3 25 | $318.7M | $489.8M | ||
| Q2 25 | $362.6M | $395.9M | ||
| Q1 25 | $354.0M | $599.8M | ||
| Q4 24 | $295.2M | $788.4M | ||
| Q3 24 | $388.5M | — | ||
| Q2 24 | $376.4M | — |
总债务CLVTUPST
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.6B | — |
股东权益CLVTUPST
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $798.8M | ||
| Q3 25 | $4.9B | $743.7M | ||
| Q2 25 | $5.0B | $722.0M | ||
| Q1 25 | $5.0B | $676.6M | ||
| Q4 24 | $5.1B | $633.2M | ||
| Q3 24 | $5.5B | $595.5M | ||
| Q2 24 | $5.6B | $594.7M |
总资产CLVTUPST
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $3.0B | ||
| Q3 25 | $11.2B | $2.9B | ||
| Q2 25 | $11.4B | $2.5B | ||
| Q1 25 | $11.5B | $2.3B | ||
| Q4 24 | $11.5B | $2.4B | ||
| Q3 24 | $12.0B | $1.8B | ||
| Q2 24 | $12.1B | $1.8B |
负债/权益比CLVTUPST
| Q1 26 | 0.89× | — | ||
| Q4 25 | 0.89× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.83× | — |
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 | $134.7M | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | $108.4M |
| 自由现金流率自由现金流/营收 | 13.5% | 36.6% |
| 资本支出强度资本支出/营收 | 9.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.82× |
| 过去12个月自由现金流最近4个季度 | $333.9M | — |
8季度趋势，按日历期对齐
经营现金流CLVTUPST
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $108.6M | ||
| Q3 25 | $181.1M | $-122.6M | ||
| Q2 25 | $116.3M | $-120.2M | ||
| Q1 25 | $171.2M | $-13.5M | ||
| Q4 24 | $141.3M | $-110.9M | ||
| Q3 24 | $202.9M | $179.3M | ||
| Q2 24 | $126.2M | $65.3M |
自由现金流CLVTUPST
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | $108.4M | ||
| Q3 25 | $115.5M | $-122.7M | ||
| Q2 25 | $50.3M | $-120.3M | ||
| Q1 25 | $110.3M | — | ||
| Q4 24 | $59.1M | — | ||
| Q3 24 | $126.3M | $179.2M | ||
| Q2 24 | $60.3M | $65.3M |
自由现金流率CLVTUPST
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | 36.6% | ||
| Q3 25 | 18.5% | -44.3% | ||
| Q2 25 | 8.1% | -46.7% | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 20.3% | 110.5% | ||
| Q2 24 | 9.3% | 51.1% |
资本支出强度CLVTUPST
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | 0.1% | ||
| Q3 25 | 10.5% | 0.0% | ||
| Q2 25 | 10.6% | 0.0% | ||
| Q1 25 | 10.3% | 0.0% | ||
| Q4 24 | 12.4% | 0.0% | ||
| Q3 24 | 12.3% | 0.1% | ||
| Q2 24 | 10.1% | 0.0% |
现金转化率CLVTUPST
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
