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ZW Data Action Technologies Inc.（CNET）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是ZW Data Action Technologies Inc.的1214.9倍（$846.8M vs $697.0K）。Trade Desk (The)净利率更高（22.1% vs -70.9%，领先93.0%）。Trade Desk (The)同比增速更快（14.3% vs -69.0%）。过去两年Trade Desk (The)的营收复合增速更高（31.3% vs -55.6%）
ZW Data Action Technologies Inc.（股票代码CNET）是一家中国本土科技企业，专注为电商、消费品、互联网服务等多个领域的企业客户提供整合数字营销解决方案、大数据分析服务及智能运营工具，助力客户优化获客效率，提升运营水平，推进数字化转型。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
CNET vs TTD — 直观对比
营收规模更大
TTD
是对方的1214.9倍
$697.0K
营收增速更快
TTD
高出83.3%
-69.0%
净利率更高
TTD
高出93.0%
-70.9%
两年增速更快
TTD
近两年复合增速
-55.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $697.0K | $846.8M |
| 净利润 | $-494.0K | $186.9M |
| 毛利率 | 6.9% | 80.7% |
| 营业利润率 | -77.3% | 30.3% |
| 净利率 | -70.9% | 22.1% |
| 营收同比 | -69.0% | 14.3% |
| 净利润同比 | 36.7% | 2.6% |
| 每股收益（稀释后） | — | $0.39 |
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CNETTTD
| Q4 25 | $697.0K | $846.8M | ||
| Q3 25 | $1.7M | $739.4M | ||
| Q2 25 | $548.0K | $694.0M | ||
| Q1 25 | $1.7M | $616.0M | ||
| Q4 24 | $2.2M | $741.0M | ||
| Q3 24 | $3.2M | $628.0M | ||
| Q2 24 | $6.4M | $584.5M | ||
| Q1 24 | $3.5M | $491.3M |
净利润CNETTTD
| Q4 25 | $-494.0K | $186.9M | ||
| Q3 25 | $-108.0K | $115.5M | ||
| Q2 25 | $-637.0K | $90.1M | ||
| Q1 25 | $-531.0K | $50.7M | ||
| Q4 24 | $-781.0K | $182.2M | ||
| Q3 24 | $-1.9M | $94.2M | ||
| Q2 24 | $-216.0K | $85.0M | ||
| Q1 24 | $-850.0K | $31.7M |
毛利率CNETTTD
| Q4 25 | 6.9% | 80.7% | ||
| Q3 25 | 5.7% | 78.1% | ||
| Q2 25 | 8.6% | 78.2% | ||
| Q1 25 | 9.7% | 76.8% | ||
| Q4 24 | -0.4% | 81.7% | ||
| Q3 24 | 1.7% | 80.5% | ||
| Q2 24 | 5.1% | 81.1% | ||
| Q1 24 | 2.0% | 78.9% |
营业利润率CNETTTD
| Q4 25 | -77.3% | 30.3% | ||
| Q3 25 | -8.9% | 21.8% | ||
| Q2 25 | -124.5% | 16.8% | ||
| Q1 25 | -35.0% | 8.8% | ||
| Q4 24 | -24.1% | 26.4% | ||
| Q3 24 | -61.5% | 17.3% | ||
| Q2 24 | -4.7% | 16.2% | ||
| Q1 24 | -26.1% | 5.8% |
净利率CNETTTD
| Q4 25 | -70.9% | 22.1% | ||
| Q3 25 | -6.3% | 15.6% | ||
| Q2 25 | -116.2% | 13.0% | ||
| Q1 25 | -32.1% | 8.2% | ||
| Q4 24 | -34.7% | 24.6% | ||
| Q3 24 | -59.1% | 15.0% | ||
| Q2 24 | -3.4% | 14.5% | ||
| Q1 24 | -24.1% | 6.4% |
每股收益（稀释后）CNETTTD
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.06 |
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 | $970.0K | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3M | $2.5B |
| 总资产 | $9.7M | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CNETTTD
| Q4 25 | $970.0K | $1.3B | ||
| Q3 25 | $1.8M | $1.4B | ||
| Q2 25 | $1.7M | $1.7B | ||
| Q1 25 | $807.0K | $1.7B | ||
| Q4 24 | $812.0K | $1.9B | ||
| Q3 24 | $1.1M | $1.7B | ||
| Q2 24 | $510.0K | $1.5B | ||
| Q1 24 | $467.0K | $1.4B |
股东权益CNETTTD
| Q4 25 | $4.3M | $2.5B | ||
| Q3 25 | $3.3M | $2.6B | ||
| Q2 25 | $3.5M | $2.7B | ||
| Q1 25 | $3.1M | $2.7B | ||
| Q4 24 | $3.7M | $2.9B | ||
| Q3 24 | $4.8M | $2.6B | ||
| Q2 24 | $5.2M | $2.4B | ||
| Q1 24 | $5.4M | $2.2B |
总资产CNETTTD
| Q4 25 | $9.7M | $6.2B | ||
| Q3 25 | $9.7M | $5.9B | ||
| Q2 25 | $9.2M | $6.0B | ||
| Q1 25 | $9.5M | $5.7B | ||
| Q4 24 | $9.7M | $6.1B | ||
| Q3 24 | $11.0M | $5.5B | ||
| Q2 24 | $10.8M | $5.2B | ||
| Q1 24 | $11.4M | $4.7B |
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 | $-148.0K | $311.6M |
| 自由现金流经营现金流 - 资本支出 | — | $285.3M |
| 自由现金流率自由现金流/营收 | — | 33.7% |
| 资本支出强度资本支出/营收 | 0.0% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 1.67× |
| 过去12个月自由现金流最近4个季度 | — | $795.7M |
8季度趋势，按日历期对齐
经营现金流CNETTTD
| Q4 25 | $-148.0K | $311.6M | ||
| Q3 25 | $-482.0K | $224.7M | ||
| Q2 25 | $685.0K | $165.0M | ||
| Q1 25 | $-984.0K | $291.4M | ||
| Q4 24 | $-830.0K | $199.4M | ||
| Q3 24 | $-198.0K | $273.3M | ||
| Q2 24 | $-677.0K | $81.3M | ||
| Q1 24 | $-353.0K | $185.5M |
自由现金流CNETTTD
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | $657.0K | $119.8M | ||
| Q1 25 | $-1.0M | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $178.2M |
自由现金流率CNETTTD
| Q4 25 | — | 33.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | 119.9% | 17.3% | ||
| Q1 25 | -61.8% | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
资本支出强度CNETTTD
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 9.0% | ||
| Q2 25 | 5.1% | 6.5% | ||
| Q1 25 | 2.2% | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 0.0% | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
现金转化率CNETTTD
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 5.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
