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Commerce.com, Inc.（CMRC）与REPUBLIC BANCORP INC（RBCAA）财务数据对比。点击上方公司名可切换其他公司
REPUBLIC BANCORP INC的季度营收约是Commerce.com, Inc.的1.1倍（$94.3M vs $89.5M），REPUBLIC BANCORP INC净利率更高（24.2% vs -9.3%，领先33.6%），REPUBLIC BANCORP INC同比增速更快（5.3% vs 2.9%），REPUBLIC BANCORP INC自由现金流更多（$161.1M vs $-2.2M），过去两年Commerce.com, Inc.的营收复合增速更高（5.5% vs -11.5%）
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。
肯塔基州共和银行是美国的一家区域性银行控股企业，提供零售及商业银行全品类服务，涵盖个人存贷款、企业融资、按揭产品及财富管理解决方案，主要服务肯塔基州及周边州的个人消费者和中小企业客户。
CMRC vs RBCAA — 直观对比
营收规模更大
RBCAA
是对方的1.1倍
$89.5M
营收增速更快
RBCAA
高出2.5%
2.9%
净利率更高
RBCAA
高出33.6%
-9.3%
自由现金流更多
RBCAA
多$163.3M
$-2.2M
两年增速更快
CMRC
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $89.5M | $94.3M |
| 净利润 | $-8.4M | $22.8M |
| 毛利率 | 78.3% | — |
| 营业利润率 | -7.4% | 29.3% |
| 净利率 | -9.3% | 24.2% |
| 营收同比 | 2.9% | 5.3% |
| 净利润同比 | -250.0% | 20.0% |
| 每股收益（稀释后） | $-0.11 | — |
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CMRCRBCAA
| Q4 25 | $89.5M | $94.3M | ||
| Q3 25 | $86.0M | $93.5M | ||
| Q2 25 | $84.4M | $93.8M | ||
| Q1 25 | $82.4M | $135.8M | ||
| Q4 24 | $87.0M | $89.5M | ||
| Q3 24 | $83.7M | $88.1M | ||
| Q2 24 | $81.8M | $86.9M | ||
| Q1 24 | $80.4M | $120.3M |
净利润CMRCRBCAA
| Q4 25 | $-8.4M | $22.8M | ||
| Q3 25 | $-2.2M | $29.7M | ||
| Q2 25 | $-8.4M | $31.5M | ||
| Q1 25 | $-353.0K | $47.3M | ||
| Q4 24 | $-2.4M | $19.0M | ||
| Q3 24 | $-7.0M | $26.5M | ||
| Q2 24 | $-11.3M | $25.2M | ||
| Q1 24 | $-6.4M | $30.6M |
毛利率CMRCRBCAA
| Q4 25 | 78.3% | — | ||
| Q3 25 | 78.4% | — | ||
| Q2 25 | 79.0% | — | ||
| Q1 25 | 79.4% | — | ||
| Q4 24 | 77.6% | — | ||
| Q3 24 | 76.3% | — | ||
| Q2 24 | 75.8% | — | ||
| Q1 24 | 77.1% | — |
营业利润率CMRCRBCAA
| Q4 25 | -7.4% | 29.3% | ||
| Q3 25 | -0.5% | 40.4% | ||
| Q2 25 | -8.0% | 43.0% | ||
| Q1 25 | -2.9% | 44.1% | ||
| Q4 24 | -0.9% | 25.8% | ||
| Q3 24 | -23.0% | 38.4% | ||
| Q2 24 | -16.5% | 37.0% | ||
| Q1 24 | -10.2% | 32.2% |
净利率CMRCRBCAA
| Q4 25 | -9.3% | 24.2% | ||
| Q3 25 | -2.6% | 31.8% | ||
| Q2 25 | -9.9% | 33.5% | ||
| Q1 25 | -0.4% | 34.8% | ||
| Q4 24 | -2.7% | 21.2% | ||
| Q3 24 | -8.4% | 30.1% | ||
| Q2 24 | -13.8% | 29.0% | ||
| Q1 24 | -8.0% | 25.4% |
每股收益（稀释后）CMRCRBCAA
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.15 | — | ||
| Q1 24 | $-0.08 | — |
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 | $220.0M |
| 总债务越低越好 | $157.0M | — |
| 股东权益账面价值 | $39.4M | $1.1B |
| 总资产 | $308.8M | $7.0B |
| 负债/权益比越低杠杆越低 | 3.99× | — |
8季度趋势，按日历期对齐
现金及短期投资CMRCRBCAA
| Q4 25 | $141.1M | $220.0M | ||
| Q3 25 | $142.0M | $484.2M | ||
| Q2 25 | $134.5M | $484.8M | ||
| Q1 25 | $120.7M | $793.0M | ||
| Q4 24 | $178.2M | $432.2M | ||
| Q3 24 | $168.4M | $530.9M | ||
| Q2 24 | $275.8M | $400.1M | ||
| Q1 24 | $265.2M | $546.4M |
总债务CMRCRBCAA
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
股东权益CMRCRBCAA
| Q4 25 | $39.4M | $1.1B | ||
| Q3 25 | $42.8M | $1.1B | ||
| Q2 25 | $38.8M | $1.1B | ||
| Q1 25 | $38.1M | $1.0B | ||
| Q4 24 | $33.4M | $992.0M | ||
| Q3 24 | $29.0M | $979.7M | ||
| Q2 24 | $26.1M | $955.4M | ||
| Q1 24 | $26.9M | $935.6M |
总资产CMRCRBCAA
| Q4 25 | $308.8M | $7.0B | ||
| Q3 25 | $309.5M | $7.0B | ||
| Q2 25 | $302.5M | $7.0B | ||
| Q1 25 | $286.3M | $7.1B | ||
| Q4 24 | $340.3M | $6.8B | ||
| Q3 24 | $335.1M | $6.7B | ||
| Q2 24 | $452.5M | $6.6B | ||
| Q1 24 | $442.5M | $6.9B |
负债/权益比CMRCRBCAA
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
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 | $168.2M |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | $161.1M |
| 自由现金流率自由现金流/营收 | -2.4% | 170.9% |
| 资本支出强度资本支出/营收 | 3.5% | 7.5% |
| 现金转化率经营现金流/净利润 | — | 7.37× |
| 过去12个月自由现金流最近4个季度 | $16.9M | $288.6M |
8季度趋势，按日历期对齐
经营现金流CMRCRBCAA
| Q4 25 | $980.0K | $168.2M | ||
| Q3 25 | $10.6M | $33.3M | ||
| Q2 25 | $13.6M | $8.4M | ||
| Q1 25 | $401.0K | $93.2M | ||
| Q4 24 | $12.4M | $149.0M | ||
| Q3 24 | $5.6M | $51.3M | ||
| Q2 24 | $11.7M | $4.0M | ||
| Q1 24 | $-3.4M | $71.2M |
自由现金流CMRCRBCAA
| Q4 25 | $-2.2M | $161.1M | ||
| Q3 25 | $7.6M | $30.8M | ||
| Q2 25 | $11.9M | $5.2M | ||
| Q1 25 | $-424.0K | $91.6M | ||
| Q4 24 | $11.6M | $143.2M | ||
| Q3 24 | $4.5M | $49.8M | ||
| Q2 24 | $10.7M | $2.7M | ||
| Q1 24 | $-4.2M | $69.1M |
自由现金流率CMRCRBCAA
| Q4 25 | -2.4% | 170.9% | ||
| Q3 25 | 8.8% | 32.9% | ||
| Q2 25 | 14.1% | 5.5% | ||
| Q1 25 | -0.5% | 67.4% | ||
| Q4 24 | 13.3% | 160.0% | ||
| Q3 24 | 5.4% | 56.5% | ||
| Q2 24 | 13.0% | 3.1% | ||
| Q1 24 | -5.3% | 57.5% |
资本支出强度CMRCRBCAA
| Q4 25 | 3.5% | 7.5% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 0.9% | 6.5% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 1.3% | 1.5% | ||
| Q1 24 | 1.0% | 1.7% |
现金转化率CMRCRBCAA
| Q4 25 | — | 7.37× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 1.93× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 2.33× |
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% |
RBCAA
暂无分部数据
