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Commerce.com, Inc.（CMRC）与Resolute Holdings Management, Inc.（RHLD）财务数据对比。点击上方公司名可切换其他公司
Resolute Holdings Management, Inc.的季度营收约是Commerce.com, Inc.的1.3倍（$117.7M vs $89.5M），Resolute Holdings Management, Inc.净利率更高（-1.5% vs -9.3%，领先7.9%），Resolute Holdings Management, Inc.自由现金流更多（$189.2M vs $-2.2M）
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。
Resolute Holdings Management, Inc.是一家澳大利亚矿业企业，核心业务布局于非洲地区，目前运营两座金矿，分别为位于马里的 Syama 金矿和塞内加尔的 Mako 金矿，专注于黄金资源的勘探、开采及相关运营管理工作。
CMRC vs RHLD — 直观对比
营收规模更大
RHLD
是对方的1.3倍
$89.5M
净利率更高
RHLD
高出7.9%
-9.3%
自由现金流更多
RHLD
多$191.4M
$-2.2M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $89.5M | $117.7M |
| 净利润 | $-8.4M | $-1.7M |
| 毛利率 | 78.3% | 55.7% |
| 营业利润率 | -7.4% | 30.2% |
| 净利率 | -9.3% | -1.5% |
| 营收同比 | 2.9% | — |
| 净利润同比 | -250.0% | — |
| 每股收益（稀释后） | $-0.11 | $-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CMRCRHLD
| Q4 25 | $89.5M | $117.7M | ||
| Q3 25 | $86.0M | $120.9M | ||
| Q2 25 | $84.4M | $119.6M | ||
| Q1 25 | $82.4M | $103.9M | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $81.8M | — | ||
| Q1 24 | $80.4M | — |
净利润CMRCRHLD
| Q4 25 | $-8.4M | $-1.7M | ||
| Q3 25 | $-2.2M | $-231.0K | ||
| Q2 25 | $-8.4M | $-611.0K | ||
| Q1 25 | $-353.0K | $-3.4M | ||
| Q4 24 | $-2.4M | — | ||
| Q3 24 | $-7.0M | — | ||
| Q2 24 | $-11.3M | — | ||
| Q1 24 | $-6.4M | — |
毛利率CMRCRHLD
| Q4 25 | 78.3% | 55.7% | ||
| Q3 25 | 78.4% | 59.0% | ||
| Q2 25 | 79.0% | 57.5% | ||
| Q1 25 | 79.4% | 52.5% | ||
| Q4 24 | 77.6% | — | ||
| Q3 24 | 76.3% | — | ||
| Q2 24 | 75.8% | — | ||
| Q1 24 | 77.1% | — |
营业利润率CMRCRHLD
| Q4 25 | -7.4% | 30.2% | ||
| Q3 25 | -0.5% | 34.3% | ||
| Q2 25 | -8.0% | 34.0% | ||
| Q1 25 | -2.9% | 24.7% | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | — | ||
| Q2 24 | -16.5% | — | ||
| Q1 24 | -10.2% | — |
净利率CMRCRHLD
| Q4 25 | -9.3% | -1.5% | ||
| Q3 25 | -2.6% | -0.2% | ||
| Q2 25 | -9.9% | -0.5% | ||
| Q1 25 | -0.4% | -3.2% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | -13.8% | — | ||
| Q1 24 | -8.0% | — |
每股收益（稀释后）CMRCRHLD
| Q4 25 | $-0.11 | $-0.20 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $-0.10 | $-0.07 | ||
| Q1 25 | $0.00 | $-0.39 | ||
| 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 | $205.5M |
| 总债务越低越好 | $157.0M | $169.8M |
| 股东权益账面价值 | $39.4M | $6.5M |
| 总资产 | $308.8M | $333.4M |
| 负债/权益比越低杠杆越低 | 3.99× | 26.03× |
8季度趋势，按日历期对齐
现金及短期投资CMRCRHLD
| Q4 25 | $141.1M | $205.5M | ||
| Q3 25 | $142.0M | $148.0M | ||
| Q2 25 | $134.5M | $99.9M | ||
| Q1 25 | $120.7M | $71.0M | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $168.4M | — | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $265.2M | — |
总债务CMRCRHLD
| Q4 25 | $157.0M | $169.8M | ||
| Q3 25 | $157.3M | $173.4M | ||
| Q2 25 | $157.5M | $177.1M | ||
| Q1 25 | $157.8M | $180.7M | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
股东权益CMRCRHLD
| Q4 25 | $39.4M | $6.5M | ||
| Q3 25 | $42.8M | $10.8M | ||
| Q2 25 | $38.8M | $9.6M | ||
| Q1 25 | $38.1M | $8.9M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $29.0M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $26.9M | — |
总资产CMRCRHLD
| Q4 25 | $308.8M | $333.4M | ||
| Q3 25 | $309.5M | $293.2M | ||
| Q2 25 | $302.5M | $253.3M | ||
| Q1 25 | $286.3M | $214.3M | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $335.1M | — | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $442.5M | — |
负债/权益比CMRCRHLD
| Q4 25 | 3.99× | 26.03× | ||
| Q3 25 | 3.67× | 16.01× | ||
| Q2 25 | 4.06× | 18.42× | ||
| Q1 25 | 4.14× | 20.38× | ||
| 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 | $196.1M |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | $189.2M |
| 自由现金流率自由现金流/营收 | -2.4% | 160.8% |
| 资本支出强度资本支出/营收 | 3.5% | 5.8% |
| 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 | $16.9M | $313.2M |
8季度趋势，按日历期对齐
经营现金流CMRCRHLD
| Q4 25 | $980.0K | $196.1M | ||
| Q3 25 | $10.6M | $59.6M | ||
| Q2 25 | $13.6M | $48.9M | ||
| Q1 25 | $401.0K | $18.4M | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $11.7M | — | ||
| Q1 24 | $-3.4M | — |
自由现金流CMRCRHLD
| Q4 25 | $-2.2M | $189.2M | ||
| Q3 25 | $7.6M | $58.6M | ||
| Q2 25 | $11.9M | $47.5M | ||
| Q1 25 | $-424.0K | $17.8M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $10.7M | — | ||
| Q1 24 | $-4.2M | — |
自由现金流率CMRCRHLD
| Q4 25 | -2.4% | 160.8% | ||
| Q3 25 | 8.8% | 48.5% | ||
| Q2 25 | 14.1% | 39.7% | ||
| Q1 25 | -0.5% | 17.1% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | -5.3% | — |
资本支出强度CMRCRHLD
| Q4 25 | 3.5% | 5.8% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 2.0% | 1.2% | ||
| Q1 25 | 1.0% | 0.6% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.0% | — |
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% |
RHLD
暂无分部数据
