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Concentrix Corp（CNXC）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是Concentrix Corp的1.4倍（$3.7B vs $2.6B），SHOPIFY INC.净利率更高（20.2% vs -57.9%，领先78.2%），SHOPIFY INC.同比增速更快（30.6% vs 4.3%），SHOPIFY INC.自由现金流更多（$715.0M vs $281.2M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 3.1%）
Concentrix是总部位于美国加利福尼亚州纽瓦克的业务流程外包服务商，2006年起成为SYNNEX集团旗下子公司，2020年12月1日独立上市，2025年位列《财富》美国500强第426位，为全球客户提供专业的外包解决方案支持。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
CNXC vs SHOP — 直观对比
营收规模更大
SHOP
是对方的1.4倍
$2.6B
营收增速更快
SHOP
高出26.3%
4.3%
净利率更高
SHOP
高出78.2%
-57.9%
自由现金流更多
SHOP
多$433.8M
$281.2M
两年增速更快
SHOP
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.7B |
| 净利润 | $-1.5B | $743.0M |
| 毛利率 | 34.3% | 46.1% |
| 营业利润率 | -54.1% | 17.2% |
| 净利率 | -57.9% | 20.2% |
| 营收同比 | 4.3% | 30.6% |
| 净利润同比 | -1379.2% | -42.5% |
| 每股收益（稀释后） | $-23.37 | $0.58 |
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CNXCSHOP
| Q4 25 | $2.6B | $3.7B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.4B | $2.7B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.4B | $1.9B |
净利润CNXCSHOP
| Q4 25 | $-1.5B | $743.0M | ||
| Q3 25 | $88.1M | $264.0M | ||
| Q2 25 | $42.1M | $906.0M | ||
| Q1 25 | $70.3M | $-682.0M | ||
| Q4 24 | $115.7M | $1.3B | ||
| Q3 24 | $16.6M | $828.0M | ||
| Q2 24 | $66.8M | $171.0M | ||
| Q1 24 | $52.1M | $-273.0M |
毛利率CNXCSHOP
| Q4 25 | 34.3% | 46.1% | ||
| Q3 25 | 34.4% | 48.9% | ||
| Q2 25 | 35.1% | 48.6% | ||
| Q1 25 | 36.1% | 49.5% | ||
| Q4 24 | 35.6% | 48.1% | ||
| Q3 24 | 36.2% | 51.7% | ||
| Q2 24 | 36.0% | 51.1% | ||
| Q1 24 | 35.6% | 51.4% |
营业利润率CNXCSHOP
| Q4 25 | -54.1% | 17.2% | ||
| Q3 25 | 5.9% | 12.1% | ||
| Q2 25 | 6.1% | 10.9% | ||
| Q1 25 | 7.1% | 8.6% | ||
| Q4 24 | 5.9% | 16.5% | ||
| Q3 24 | 6.4% | 13.1% | ||
| Q2 24 | 6.3% | 11.8% | ||
| Q1 24 | 6.2% | 4.6% |
净利率CNXCSHOP
| Q4 25 | -57.9% | 20.2% | ||
| Q3 25 | 3.5% | 9.3% | ||
| Q2 25 | 1.7% | 33.8% | ||
| Q1 25 | 3.0% | -28.9% | ||
| Q4 24 | 4.7% | 46.0% | ||
| Q3 24 | 0.7% | 38.3% | ||
| Q2 24 | 2.8% | 8.4% | ||
| Q1 24 | 2.2% | -14.7% |
每股收益（稀释后）CNXCSHOP
| Q4 25 | $-23.37 | $0.58 | ||
| Q3 25 | $1.34 | $0.20 | ||
| Q2 25 | $0.63 | $0.69 | ||
| Q1 25 | $1.04 | $-0.53 | ||
| Q4 24 | $1.72 | $0.99 | ||
| Q3 24 | $0.25 | $0.64 | ||
| Q2 24 | $0.98 | $0.13 | ||
| Q1 24 | $0.76 | $-0.21 |
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 | $327.3M | $5.8B |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $2.7B | $13.5B |
| 总资产 | $10.8B | $15.2B |
| 负债/权益比越低杠杆越低 | 1.67× | — |
8季度趋势，按日历期对齐
现金及短期投资CNXCSHOP
| Q4 25 | $327.3M | $5.8B | ||
| Q3 25 | $350.3M | $6.3B | ||
| Q2 25 | $342.8M | $5.8B | ||
| Q1 25 | $308.0M | $5.5B | ||
| Q4 24 | $240.6M | $5.5B | ||
| Q3 24 | $246.2M | — | ||
| Q2 24 | $207.3M | — | ||
| Q1 24 | $234.8M | — |
总债务CNXCSHOP
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.0B | — |
股东权益CNXCSHOP
| Q4 25 | $2.7B | $13.5B | ||
| Q3 25 | $4.3B | $12.5B | ||
| Q2 25 | $4.3B | $12.1B | ||
| Q1 25 | $4.0B | $11.1B | ||
| Q4 24 | $4.0B | $11.6B | ||
| Q3 24 | $4.2B | $10.1B | ||
| Q2 24 | $4.1B | $9.2B | ||
| Q1 24 | $4.1B | $8.9B |
总资产CNXCSHOP
| Q4 25 | $10.8B | $15.2B | ||
| Q3 25 | $12.4B | $15.0B | ||
| Q2 25 | $12.4B | $14.6B | ||
| Q1 25 | $11.9B | $13.4B | ||
| Q4 24 | $12.0B | $13.9B | ||
| Q3 24 | $12.2B | — | ||
| Q2 24 | $12.1B | — | ||
| Q1 24 | $12.2B | — |
负债/权益比CNXCSHOP
| Q4 25 | 1.67× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 1.23× | — |
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 | $344.2M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $281.2M | $715.0M |
| 自由现金流率自由现金流/营收 | 11.0% | 19.5% |
| 资本支出强度资本支出/营收 | 2.5% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $572.5M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CNXCSHOP
| Q4 25 | $344.2M | $725.0M | ||
| Q3 25 | $224.8M | $513.0M | ||
| Q2 25 | $236.5M | $428.0M | ||
| Q1 25 | $1.4M | $367.0M | ||
| Q4 24 | $284.4M | $615.0M | ||
| Q3 24 | $191.6M | $423.0M | ||
| Q2 24 | $238.3M | $340.0M | ||
| Q1 24 | $-46.9M | $238.0M |
自由现金流CNXCSHOP
| Q4 25 | $281.2M | $715.0M | ||
| Q3 25 | $159.7M | $507.0M | ||
| Q2 25 | $180.7M | $422.0M | ||
| Q1 25 | $-49.2M | $363.0M | ||
| Q4 24 | $224.5M | $611.0M | ||
| Q3 24 | $128.9M | $421.0M | ||
| Q2 24 | $178.3M | $333.0M | ||
| Q1 24 | $-102.9M | $232.0M |
自由现金流率CNXCSHOP
| Q4 25 | 11.0% | 19.5% | ||
| Q3 25 | 6.4% | 17.8% | ||
| Q2 25 | 7.5% | 15.7% | ||
| Q1 25 | -2.1% | 15.4% | ||
| Q4 24 | 9.2% | 21.7% | ||
| Q3 24 | 5.4% | 19.5% | ||
| Q2 24 | 7.5% | 16.3% | ||
| Q1 24 | -4.3% | 12.5% |
资本支出强度CNXCSHOP
| Q4 25 | 2.5% | 0.3% | ||
| Q3 25 | 2.6% | 0.2% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 2.1% | 0.2% | ||
| Q4 24 | 2.4% | 0.1% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 2.5% | 0.3% | ||
| Q1 24 | 2.3% | 0.3% |
现金转化率CNXCSHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | 2.55× | 1.94× | ||
| Q2 25 | 5.62× | 0.47× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.46× | 0.48× | ||
| Q3 24 | 11.52× | 0.51× | ||
| Q2 24 | 3.57× | 1.99× | ||
| Q1 24 | -0.90× | — |
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
CNXC
| Technology And Consumer Electronics | $675.1M | 26% |
| Retail Travel And Ecommerce | $643.4M | 25% |
| Communications And Media | $417.2M | 16% |
| Banking Financial Services And Insurance | $402.6M | 16% |
| Other Industries | $229.7M | 9% |
| Other | $185.0M | 7% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
