vs
Commerce.com, Inc.（CMRC）与PREFORMED LINE PRODUCTS CO（PLPC）财务数据对比。点击上方公司名可切换其他公司
PREFORMED LINE PRODUCTS CO的季度营收约是Commerce.com, Inc.的1.9倍（$173.1M vs $89.5M），PREFORMED LINE PRODUCTS CO净利率更高（4.9% vs -9.3%，领先14.2%），PREFORMED LINE PRODUCTS CO同比增速更快（3.6% vs 2.9%），PREFORMED LINE PRODUCTS CO自由现金流更多（$11.8M vs $-2.2M），过去两年PREFORMED LINE PRODUCTS CO的营收复合增速更高（10.8% vs 5.5%）
SPS Commerce是一家总部位于美国明尼苏达州明尼阿波利斯市的科技企业，核心业务是为客户提供基于云端的供应链管理软件解决方案。公司除在美国本土设有分支机构外，还在阿姆斯特丹、北京、香港、多伦多、悉尼等全球多个城市布局了办公网点。
预成型线路产品公司（PLPC）研发、生产和销售适用于输配电、通信及可再生能源基建领域的工程硬件组件，服务全球多地的公用事业、网络运营商及工业客户，提供可提升网络可靠性与运营效率的解决方案。
CMRC vs PLPC — 直观对比
营收规模更大
PLPC
是对方的1.9倍
$89.5M
营收增速更快
PLPC
高出0.7%
2.9%
净利率更高
PLPC
高出14.2%
-9.3%
自由现金流更多
PLPC
多$14.0M
$-2.2M
两年增速更快
PLPC
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $89.5M | $173.1M |
| 净利润 | $-8.4M | $8.4M |
| 毛利率 | 78.3% | 29.8% |
| 营业利润率 | -7.4% | 6.8% |
| 净利率 | -9.3% | 4.9% |
| 营收同比 | 2.9% | 3.6% |
| 净利润同比 | -250.0% | -19.3% |
| 每股收益（稀释后） | $-0.11 | $1.72 |
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CMRCPLPC
| Q4 25 | $89.5M | $173.1M | ||
| Q3 25 | $86.0M | $178.1M | ||
| Q2 25 | $84.4M | $169.6M | ||
| Q1 25 | $82.4M | $148.5M | ||
| Q4 24 | $87.0M | $167.1M | ||
| Q3 24 | $83.7M | $147.0M | ||
| Q2 24 | $81.8M | $138.7M | ||
| Q1 24 | $80.4M | $140.9M |
净利润CMRCPLPC
| Q4 25 | $-8.4M | $8.4M | ||
| Q3 25 | $-2.2M | $2.6M | ||
| Q2 25 | $-8.4M | $12.7M | ||
| Q1 25 | $-353.0K | $11.5M | ||
| Q4 24 | $-2.4M | $10.5M | ||
| Q3 24 | $-7.0M | $7.7M | ||
| Q2 24 | $-11.3M | $9.4M | ||
| Q1 24 | $-6.4M | $9.6M |
毛利率CMRCPLPC
| Q4 25 | 78.3% | 29.8% | ||
| Q3 25 | 78.4% | 29.7% | ||
| Q2 25 | 79.0% | 32.7% | ||
| Q1 25 | 79.4% | 32.8% | ||
| Q4 24 | 77.6% | 33.3% | ||
| Q3 24 | 76.3% | 31.1% | ||
| Q2 24 | 75.8% | 31.9% | ||
| Q1 24 | 77.1% | 31.3% |
营业利润率CMRCPLPC
| Q4 25 | -7.4% | 6.8% | ||
| Q3 25 | -0.5% | 7.4% | ||
| Q2 25 | -8.0% | 10.1% | ||
| Q1 25 | -2.9% | 8.8% | ||
| Q4 24 | -0.9% | 10.5% | ||
| Q3 24 | -23.0% | 7.1% | ||
| Q2 24 | -16.5% | 8.1% | ||
| Q1 24 | -10.2% | 8.2% |
净利率CMRCPLPC
| Q4 25 | -9.3% | 4.9% | ||
| Q3 25 | -2.6% | 1.5% | ||
| Q2 25 | -9.9% | 7.5% | ||
| Q1 25 | -0.4% | 7.8% | ||
| Q4 24 | -2.7% | 6.3% | ||
| Q3 24 | -8.4% | 5.2% | ||
| Q2 24 | -13.8% | 6.8% | ||
| Q1 24 | -8.0% | 6.8% |
每股收益（稀释后）CMRCPLPC
| Q4 25 | $-0.11 | $1.72 | ||
| Q3 25 | $-0.03 | $0.53 | ||
| Q2 25 | $-0.10 | $2.56 | ||
| Q1 25 | $0.00 | $2.33 | ||
| Q4 24 | $-0.03 | $2.13 | ||
| Q3 24 | $-0.09 | $1.54 | ||
| Q2 24 | $-0.15 | $1.89 | ||
| Q1 24 | $-0.08 | $1.94 |
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 | $141.1M | — |
| 总债务越低越好 | $157.0M | $38.3M |
| 股东权益账面价值 | $39.4M | $475.5M |
| 总资产 | $308.8M | $653.6M |
| 负债/权益比越低杠杆越低 | 3.99× | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资CMRCPLPC
| Q4 25 | $141.1M | — | ||
| Q3 25 | $142.0M | — | ||
| Q2 25 | $134.5M | — | ||
| Q1 25 | $120.7M | — | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $168.4M | — | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $265.2M | — |
总债务CMRCPLPC
| Q4 25 | $157.0M | $38.3M | ||
| Q3 25 | $157.3M | $36.0M | ||
| Q2 25 | $157.5M | $31.8M | ||
| Q1 25 | $157.8M | $29.1M | ||
| Q4 24 | $216.5M | $20.8M | ||
| Q3 24 | — | $27.2M | ||
| Q2 24 | $340.9M | $31.6M | ||
| Q1 24 | $340.5M | $55.0M |
股东权益CMRCPLPC
| Q4 25 | $39.4M | $475.5M | ||
| Q3 25 | $42.8M | $466.3M | ||
| Q2 25 | $38.8M | $460.7M | ||
| Q1 25 | $38.1M | $435.8M | ||
| Q4 24 | $33.4M | $422.3M | ||
| Q3 24 | $29.0M | $429.0M | ||
| Q2 24 | $26.1M | $416.2M | ||
| Q1 24 | $26.9M | $413.4M |
总资产CMRCPLPC
| Q4 25 | $308.8M | $653.6M | ||
| Q3 25 | $309.5M | $644.6M | ||
| Q2 25 | $302.5M | $631.5M | ||
| Q1 25 | $286.3M | $592.5M | ||
| Q4 24 | $340.3M | $573.9M | ||
| Q3 24 | $335.1M | $592.0M | ||
| Q2 24 | $452.5M | $572.6M | ||
| Q1 24 | $442.5M | $586.1M |
负债/权益比CMRCPLPC
| Q4 25 | 3.99× | 0.08× | ||
| Q3 25 | 3.67× | 0.08× | ||
| Q2 25 | 4.06× | 0.07× | ||
| Q1 25 | 4.14× | 0.07× | ||
| Q4 24 | 6.49× | 0.05× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | 13.06× | 0.08× | ||
| Q1 24 | 12.65× | 0.13× |
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 | $980.0K | $21.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | $11.8M |
| 自由现金流率自由现金流/营收 | -2.4% | 6.8% |
| 资本支出强度资本支出/营收 | 3.5% | 5.9% |
| 现金转化率经营现金流/净利润 | — | 2.60× |
| 过去12个月自由现金流最近4个季度 | $16.9M | $33.3M |
8季度趋势，按日历期对齐
经营现金流CMRCPLPC
| Q4 25 | $980.0K | $21.9M | ||
| Q3 25 | $10.6M | $18.9M | ||
| Q2 25 | $13.6M | $26.9M | ||
| Q1 25 | $401.0K | $5.7M | ||
| Q4 24 | $12.4M | $24.1M | ||
| Q3 24 | $5.6M | $9.4M | ||
| Q2 24 | $11.7M | $28.3M | ||
| Q1 24 | $-3.4M | $5.8M |
自由现金流CMRCPLPC
| Q4 25 | $-2.2M | $11.8M | ||
| Q3 25 | $7.6M | $8.3M | ||
| Q2 25 | $11.9M | $18.6M | ||
| Q1 25 | $-424.0K | $-5.3M | ||
| Q4 24 | $11.6M | $20.6M | ||
| Q3 24 | $4.5M | $5.8M | ||
| Q2 24 | $10.7M | $24.6M | ||
| Q1 24 | $-4.2M | $1.8M |
自由现金流率CMRCPLPC
| Q4 25 | -2.4% | 6.8% | ||
| Q3 25 | 8.8% | 4.7% | ||
| Q2 25 | 14.1% | 10.9% | ||
| Q1 25 | -0.5% | -3.6% | ||
| Q4 24 | 13.3% | 12.3% | ||
| Q3 24 | 5.4% | 3.9% | ||
| Q2 24 | 13.0% | 17.7% | ||
| Q1 24 | -5.3% | 1.3% |
资本支出强度CMRCPLPC
| Q4 25 | 3.5% | 5.9% | ||
| Q3 25 | 3.4% | 6.0% | ||
| Q2 25 | 2.0% | 4.9% | ||
| Q1 25 | 1.0% | 7.4% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.3% | 2.4% | ||
| Q2 24 | 1.3% | 2.7% | ||
| Q1 24 | 1.0% | 2.8% |
现金转化率CMRCPLPC
| Q4 25 | — | 2.60× | ||
| Q3 25 | — | 7.21× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 3.02× | ||
| Q1 24 | — | 0.60× |
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
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
PLPC
暂无分部数据
