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Commerce.com, Inc.（CMRC）与Ranger Energy Services, Inc.（RNGR）财务数据对比。点击上方公司名可切换其他公司
Ranger Energy Services, Inc.的季度营收约是Commerce.com, Inc.的1.6倍（$142.2M vs $89.5M），Ranger Energy Services, Inc.净利率更高（2.3% vs -9.3%，领先11.6%），Commerce.com, Inc.同比增速更快（2.9% vs -0.6%），Ranger Energy Services, Inc.自由现金流更多（$17.1M vs $-2.2M），过去两年Commerce.com, Inc.的营收复合增速更高（5.5% vs 1.9%）
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。
Ranger Energy Services是北美领先的陆上油田服务提供商，为上游油气运营商提供完井、修井、钻机作业及产能优化等全套解决方案，业务主要覆盖美国本土的页岩和致密资源开采作业区。
CMRC vs RNGR — 直观对比
营收规模更大
RNGR
是对方的1.6倍
$89.5M
营收增速更快
CMRC
高出3.5%
-0.6%
净利率更高
RNGR
高出11.6%
-9.3%
自由现金流更多
RNGR
多$19.3M
$-2.2M
两年增速更快
CMRC
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $89.5M | $142.2M |
| 净利润 | $-8.4M | $3.2M |
| 毛利率 | 78.3% | — |
| 营业利润率 | -7.4% | 2.3% |
| 净利率 | -9.3% | 2.3% |
| 营收同比 | 2.9% | -0.6% |
| 净利润同比 | -250.0% | -44.8% |
| 每股收益（稀释后） | $-0.11 | $0.14 |
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CMRCRNGR
| Q4 25 | $89.5M | $142.2M | ||
| Q3 25 | $86.0M | $128.9M | ||
| Q2 25 | $84.4M | $140.6M | ||
| Q1 25 | $82.4M | $135.2M | ||
| Q4 24 | $87.0M | $143.1M | ||
| Q3 24 | $83.7M | $153.0M | ||
| Q2 24 | $81.8M | $138.1M | ||
| Q1 24 | $80.4M | $136.9M |
净利润CMRCRNGR
| Q4 25 | $-8.4M | $3.2M | ||
| Q3 25 | $-2.2M | $1.2M | ||
| Q2 25 | $-8.4M | $7.3M | ||
| Q1 25 | $-353.0K | $600.0K | ||
| Q4 24 | $-2.4M | $5.8M | ||
| Q3 24 | $-7.0M | $8.7M | ||
| Q2 24 | $-11.3M | $4.7M | ||
| Q1 24 | $-6.4M | $-800.0K |
毛利率CMRCRNGR
| 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CMRCRNGR
| Q4 25 | -7.4% | 2.3% | ||
| Q3 25 | -0.5% | 2.0% | ||
| Q2 25 | -8.0% | 6.1% | ||
| Q1 25 | -2.9% | 0.7% | ||
| Q4 24 | -0.9% | 6.2% | ||
| Q3 24 | -23.0% | 8.4% | ||
| Q2 24 | -16.5% | 5.3% | ||
| Q1 24 | -10.2% | -0.4% |
净利率CMRCRNGR
| Q4 25 | -9.3% | 2.3% | ||
| Q3 25 | -2.6% | 0.9% | ||
| Q2 25 | -9.9% | 5.2% | ||
| Q1 25 | -0.4% | 0.4% | ||
| Q4 24 | -2.7% | 4.1% | ||
| Q3 24 | -8.4% | 5.7% | ||
| Q2 24 | -13.8% | 3.4% | ||
| Q1 24 | -8.0% | -0.6% |
每股收益（稀释后）CMRCRNGR
| Q4 25 | $-0.11 | $0.14 | ||
| Q3 25 | $-0.03 | $0.05 | ||
| Q2 25 | $-0.10 | $0.32 | ||
| Q1 25 | $0.00 | $0.03 | ||
| Q4 24 | $-0.03 | $0.24 | ||
| Q3 24 | $-0.09 | $0.39 | ||
| Q2 24 | $-0.15 | $0.21 | ||
| Q1 24 | $-0.08 | $-0.03 |
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 | $141.1M | $10.3M |
| 总债务越低越好 | $157.0M | — |
| 股东权益账面价值 | $39.4M | $300.1M |
| 总资产 | $308.8M | $419.3M |
| 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CMRCRNGR
| Q4 25 | $141.1M | $10.3M | ||
| Q3 25 | $142.0M | $45.2M | ||
| Q2 25 | $134.5M | $48.9M | ||
| Q1 25 | $120.7M | $40.3M | ||
| Q4 24 | $178.2M | $40.9M | ||
| Q3 24 | $168.4M | $14.8M | ||
| Q2 24 | $275.8M | $8.7M | ||
| Q1 24 | $265.2M | $11.1M |
总债务CMRCRNGR
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | $340.9M | $0 | ||
| Q1 24 | $340.5M | $0 |
股东权益CMRCRNGR
| Q4 25 | $39.4M | $300.1M | ||
| Q3 25 | $42.8M | $270.0M | ||
| Q2 25 | $38.8M | $276.9M | ||
| Q1 25 | $38.1M | $272.6M | ||
| Q4 24 | $33.4M | $273.8M | ||
| Q3 24 | $29.0M | $267.6M | ||
| Q2 24 | $26.1M | $260.5M | ||
| Q1 24 | $26.9M | $261.7M |
总资产CMRCRNGR
| Q4 25 | $308.8M | $419.3M | ||
| Q3 25 | $309.5M | $372.8M | ||
| Q2 25 | $302.5M | $381.7M | ||
| Q1 25 | $286.3M | $376.5M | ||
| Q4 24 | $340.3M | $381.6M | ||
| Q3 24 | $335.1M | $373.9M | ||
| Q2 24 | $452.5M | $359.6M | ||
| Q1 24 | $442.5M | $355.5M |
负债/权益比CMRCRNGR
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 13.06× | 0.00× | ||
| Q1 24 | 12.65× | 0.00× |
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 | $24.1M |
| 自由现金流经营现金流 - 资本支出 | $-2.2M | $17.1M |
| 自由现金流率自由现金流/营收 | -2.4% | 12.0% |
| 资本支出强度资本支出/营收 | 3.5% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 7.53× |
| 过去12个月自由现金流最近4个季度 | $16.9M | $42.9M |
8季度趋势，按日历期对齐
经营现金流CMRCRNGR
| Q4 25 | $980.0K | $24.1M | ||
| Q3 25 | $10.6M | $13.6M | ||
| Q2 25 | $13.6M | $20.7M | ||
| Q1 25 | $401.0K | $10.6M | ||
| Q4 24 | $12.4M | $32.7M | ||
| Q3 24 | $5.6M | $17.7M | ||
| Q2 24 | $11.7M | $22.1M | ||
| Q1 24 | $-3.4M | $12.0M |
自由现金流CMRCRNGR
| Q4 25 | $-2.2M | $17.1M | ||
| Q3 25 | $7.6M | $8.0M | ||
| Q2 25 | $11.9M | $14.4M | ||
| Q1 25 | $-424.0K | $3.4M | ||
| Q4 24 | $11.6M | $27.3M | ||
| Q3 24 | $4.5M | $10.8M | ||
| Q2 24 | $10.7M | $6.8M | ||
| Q1 24 | $-4.2M | $5.5M |
自由现金流率CMRCRNGR
| Q4 25 | -2.4% | 12.0% | ||
| Q3 25 | 8.8% | 6.2% | ||
| Q2 25 | 14.1% | 10.2% | ||
| Q1 25 | -0.5% | 2.5% | ||
| Q4 24 | 13.3% | 19.1% | ||
| Q3 24 | 5.4% | 7.1% | ||
| Q2 24 | 13.0% | 4.9% | ||
| Q1 24 | -5.3% | 4.0% |
资本支出强度CMRCRNGR
| Q4 25 | 3.5% | 4.9% | ||
| Q3 25 | 3.4% | 4.3% | ||
| Q2 25 | 2.0% | 4.5% | ||
| Q1 25 | 1.0% | 5.3% | ||
| Q4 24 | 0.9% | 3.8% | ||
| Q3 24 | 1.3% | 4.5% | ||
| Q2 24 | 1.3% | 11.1% | ||
| Q1 24 | 1.0% | 4.7% |
现金转化率CMRCRNGR
| Q4 25 | — | 7.53× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | 2.84× | ||
| Q1 25 | — | 17.67× | ||
| Q4 24 | — | 5.64× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 4.70× | ||
| Q1 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
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
RNGR
| High Specification Rigs | $92.3M | 65% |
| Processing Solutions And Ancillary Services | $37.5M | 26% |
| Wireline Services | $12.4M | 9% |
