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科睿唯安（CLVT）与INNOVATE Corp.（VATE）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INNOVATE Corp.的1.5倍（$585.5M vs $382.7M），INNOVATE Corp.净利率更高（-1.9% vs -6.9%，领先4.9%），INNOVATE Corp.同比增速更快（61.7% vs -1.4%），过去两年INNOVATE Corp.的营收复合增速更高（10.2% 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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
CLVT vs VATE — 直观对比
营收规模更大
CLVT
是对方的1.5倍
$382.7M
营收增速更快
VATE
高出63.1%
-1.4%
净利率更高
VATE
高出4.9%
-6.9%
两年增速更快
VATE
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $585.5M | $382.7M |
| 净利润 | $-40.2M | $-7.4M |
| 毛利率 | 67.2% | 15.4% |
| 营业利润率 | 5.2% | 3.7% |
| 净利率 | -6.9% | -1.9% |
| 营收同比 | -1.4% | 61.7% |
| 净利润同比 | 61.3% | 55.4% |
| 每股收益（稀释后） | $-0.06 | $-0.57 |
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CLVTVATE
| Q1 26 | $585.5M | — | ||
| Q4 25 | $617.0M | $382.7M | ||
| Q3 25 | $623.1M | $347.1M | ||
| Q2 25 | $621.4M | $242.0M | ||
| Q1 25 | $593.7M | $274.2M | ||
| Q4 24 | $663.0M | $236.6M | ||
| Q3 24 | $622.2M | $242.2M | ||
| Q2 24 | $650.3M | $313.1M |
净利润CLVTVATE
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $3.1M | $-7.4M | ||
| Q3 25 | $-28.3M | $-8.9M | ||
| Q2 25 | $-72.0M | $-19.8M | ||
| Q1 25 | $-103.9M | $-24.5M | ||
| Q4 24 | $-191.8M | $-16.6M | ||
| Q3 24 | $-65.6M | $-15.0M | ||
| Q2 24 | $-304.3M | $14.4M |
毛利率CLVTVATE
| Q1 26 | 67.2% | — | ||
| Q4 25 | 66.8% | 15.4% | ||
| Q3 25 | 65.0% | 14.3% | ||
| Q2 25 | 67.2% | 18.8% | ||
| Q1 25 | 65.1% | 16.6% | ||
| Q4 24 | 65.7% | 19.6% | ||
| Q3 24 | 66.2% | 19.9% | ||
| Q2 24 | 67.2% | 21.0% |
营业利润率CLVTVATE
| Q1 26 | 5.2% | — | ||
| Q4 25 | 6.7% | 3.7% | ||
| Q3 25 | 7.1% | 1.8% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | -3.5% | 1.2% | ||
| Q4 24 | -9.4% | 1.1% | ||
| Q3 24 | 3.5% | 2.4% | ||
| Q2 24 | -36.9% | 9.2% |
净利率CLVTVATE
| Q1 26 | -6.9% | — | ||
| Q4 25 | 0.5% | -1.9% | ||
| Q3 25 | -4.5% | -2.6% | ||
| Q2 25 | -11.6% | -8.2% | ||
| Q1 25 | -17.5% | -8.9% | ||
| Q4 24 | -28.9% | -7.0% | ||
| Q3 24 | -10.5% | -6.2% | ||
| Q2 24 | -46.8% | 4.6% |
每股收益（稀释后）CLVTVATE
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.00 | $-0.57 | ||
| Q3 25 | $-0.04 | $-0.71 | ||
| Q2 25 | $-0.11 | $-1.67 | ||
| Q1 25 | $-0.15 | $-1.89 | ||
| Q4 24 | $-0.27 | $-0.72 | ||
| Q3 24 | $-0.09 | $-1.18 | ||
| Q2 24 | $-0.46 | $1.03 |
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 | — | $112.1M |
| 总债务越低越好 | $4.3B | $80.3M |
| 股东权益账面价值 | $4.8B | $-240.1M |
| 总资产 | $10.9B | $950.1M |
| 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CLVTVATE
| Q1 26 | — | — | ||
| Q4 25 | $329.2M | $112.1M | ||
| Q3 25 | $318.7M | $35.5M | ||
| Q2 25 | $362.6M | $33.4M | ||
| Q1 25 | $354.0M | $33.3M | ||
| Q4 24 | $295.2M | $48.8M | ||
| Q3 24 | $388.5M | $51.0M | ||
| Q2 24 | $376.4M | $80.2M |
总债务CLVTVATE
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.3B | $80.3M | ||
| Q3 25 | $4.4B | $97.3M | ||
| Q2 25 | $4.5B | $160.1M | ||
| Q1 25 | $4.5B | $139.9M | ||
| Q4 24 | $4.5B | $500.6M | ||
| Q3 24 | $4.6B | $502.4M | ||
| Q2 24 | $4.6B | $638.3M |
股东权益CLVTVATE
| Q1 26 | $4.8B | — | ||
| Q4 25 | $4.8B | $-240.1M | ||
| Q3 25 | $4.9B | $-233.3M | ||
| Q2 25 | $5.0B | $-224.8M | ||
| Q1 25 | $5.0B | $-204.2M | ||
| Q4 24 | $5.1B | $-180.4M | ||
| Q3 24 | $5.5B | $-163.1M | ||
| Q2 24 | $5.6B | $-149.0M |
总资产CLVTVATE
| Q1 26 | $10.9B | — | ||
| Q4 25 | $11.1B | $950.1M | ||
| Q3 25 | $11.2B | $913.2M | ||
| Q2 25 | $11.4B | $890.9M | ||
| Q1 25 | $11.5B | $868.0M | ||
| Q4 24 | $11.5B | $891.1M | ||
| Q3 24 | $12.0B | $897.2M | ||
| Q2 24 | $12.1B | $898.9M |
负债/权益比CLVTVATE
| 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 | $101.1M |
| 自由现金流经营现金流 - 资本支出 | $78.9M | — |
| 自由现金流率自由现金流/营收 | 13.5% | — |
| 资本支出强度资本支出/营收 | 9.5% | — |
| 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 | $333.9M | — |
8季度趋势，按日历期对齐
经营现金流CLVTVATE
| Q1 26 | $134.7M | — | ||
| Q4 25 | $159.9M | $101.1M | ||
| Q3 25 | $181.1M | $19.2M | ||
| Q2 25 | $116.3M | $40.4M | ||
| Q1 25 | $171.2M | $-14.1M | ||
| Q4 24 | $141.3M | $41.4M | ||
| Q3 24 | $202.9M | $-28.4M | ||
| Q2 24 | $126.2M | $21.5M |
自由现金流CLVTVATE
| Q1 26 | $78.9M | — | ||
| Q4 25 | $89.2M | — | ||
| Q3 25 | $115.5M | $19.0M | ||
| Q2 25 | $50.3M | — | ||
| Q1 25 | $110.3M | $-18.8M | ||
| Q4 24 | $59.1M | $34.2M | ||
| Q3 24 | $126.3M | $-31.5M | ||
| Q2 24 | $60.3M | $18.4M |
自由现金流率CLVTVATE
| Q1 26 | 13.5% | — | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 18.5% | 5.5% | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 18.6% | -6.9% | ||
| Q4 24 | 8.9% | 14.5% | ||
| Q3 24 | 20.3% | -13.0% | ||
| Q2 24 | 9.3% | 5.9% |
资本支出强度CLVTVATE
| Q1 26 | 9.5% | — | ||
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.5% | 0.1% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 10.3% | 1.7% | ||
| Q4 24 | 12.4% | 3.0% | ||
| Q3 24 | 12.3% | 1.3% | ||
| Q2 24 | 10.1% | 1.0% |
现金转化率CLVTVATE
| Q1 26 | — | — | ||
| Q4 25 | 51.58× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.49× |
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% |
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
