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PC CONNECTION INC（CNXN）与罗宾汉（HOOD）财务数据对比。点击上方公司名可切换其他公司
罗宾汉的季度营收约是PC CONNECTION INC的1.3倍（$927.0M vs $702.9M），罗宾汉净利率更高（36.2% vs 2.9%，领先33.3%），PC CONNECTION INC同比增速更快（-0.8% vs -27.7%），过去两年罗宾汉的营收复合增速更高（16.6% vs 5.5%）
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
CNXN vs HOOD — 直观对比
营收规模更大
HOOD
是对方的1.3倍
$702.9M
营收增速更快
CNXN
高出26.9%
-27.7%
净利率更高
HOOD
高出33.3%
2.9%
两年增速更快
HOOD
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $927.0M |
| 净利润 | $20.7M | $336.0M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 3.4% | — |
| 净利率 | 2.9% | 36.2% |
| 营收同比 | -0.8% | -27.7% |
| 净利润同比 | -0.0% | -2.9% |
| 每股收益（稀释后） | $0.82 | $336.00 |
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CNXNHOOD
| Q1 26 | — | $927.0M | ||
| Q4 25 | $702.9M | $1.3B | ||
| Q3 25 | $709.1M | $1.3B | ||
| Q2 25 | $759.7M | $989.0M | ||
| Q1 25 | $701.0M | $927.0M | ||
| Q4 24 | $708.9M | $1.0B | ||
| Q3 24 | $724.7M | $637.0M | ||
| Q2 24 | $736.5M | $682.0M |
净利润CNXNHOOD
| Q1 26 | — | $336.0M | ||
| Q4 25 | $20.7M | $605.0M | ||
| Q3 25 | $24.7M | $556.0M | ||
| Q2 25 | $24.8M | $386.0M | ||
| Q1 25 | $13.5M | $336.0M | ||
| Q4 24 | $20.7M | $916.0M | ||
| Q3 24 | $27.1M | $150.0M | ||
| Q2 24 | $26.2M | $188.0M |
毛利率CNXNHOOD
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 18.5% | — |
营业利润率CNXNHOOD
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 51.5% | ||
| Q3 25 | 4.3% | 49.8% | ||
| Q2 25 | 4.1% | 44.7% | ||
| Q1 25 | 2.1% | 40.0% | ||
| Q4 24 | 3.2% | 55.0% | ||
| Q3 24 | 4.1% | 24.0% | ||
| Q2 24 | 4.2% | 28.0% |
净利率CNXNHOOD
| Q1 26 | — | 36.2% | ||
| Q4 25 | 2.9% | 47.2% | ||
| Q3 25 | 3.5% | 43.6% | ||
| Q2 25 | 3.3% | 39.0% | ||
| Q1 25 | 1.9% | 36.2% | ||
| Q4 24 | 2.9% | 90.3% | ||
| Q3 24 | 3.7% | 23.5% | ||
| Q2 24 | 3.6% | 27.6% |
每股收益（稀释后）CNXNHOOD
| Q1 26 | — | $336.00 | ||
| Q4 25 | $0.82 | $0.65 | ||
| Q3 25 | $0.97 | $0.61 | ||
| Q2 25 | $0.97 | $0.42 | ||
| Q1 25 | $0.51 | $0.37 | ||
| Q4 24 | $0.78 | $1.00 | ||
| Q3 24 | $1.02 | $0.17 | ||
| Q2 24 | $0.99 | $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 | $406.7M | $4.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.1M | $9.2B |
| 总资产 | $1.4B | $38.1B |
| 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CNXNHOOD
| Q1 26 | — | $4.3B | ||
| Q4 25 | $406.7M | $4.3B | ||
| Q3 25 | $399.2M | $4.3B | ||
| Q2 25 | $346.1M | $4.2B | ||
| Q1 25 | $340.3M | $4.4B | ||
| Q4 24 | $442.6M | $4.3B | ||
| Q3 24 | $429.1M | $4.6B | ||
| Q2 24 | $385.8M | $4.5B |
股东权益CNXNHOOD
| Q1 26 | — | $9.2B | ||
| Q4 25 | $910.1M | $9.2B | ||
| Q3 25 | $902.7M | $8.6B | ||
| Q2 25 | $884.8M | $8.1B | ||
| Q1 25 | $877.0M | $8.0B | ||
| Q4 24 | $911.0M | $8.0B | ||
| Q3 24 | $897.4M | $7.2B | ||
| Q2 24 | $874.9M | $7.1B |
总资产CNXNHOOD
| Q1 26 | — | $38.1B | ||
| Q4 25 | $1.4B | $38.1B | ||
| Q3 25 | $1.3B | $41.5B | ||
| Q2 25 | $1.3B | $35.3B | ||
| Q1 25 | $1.2B | $27.5B | ||
| Q4 24 | $1.3B | $26.2B | ||
| Q3 24 | $1.3B | $43.2B | ||
| Q2 24 | $1.3B | $41.3B |
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 | $27.4M | $642.0M |
| 自由现金流经营现金流 - 资本支出 | $25.2M | — |
| 自由现金流率自由现金流/营收 | 3.6% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.32× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $58.0M | — |
8季度趋势，按日历期对齐
经营现金流CNXNHOOD
| Q1 26 | — | $642.0M | ||
| Q4 25 | $27.4M | $-937.0M | ||
| Q3 25 | $64.1M | $-1.6B | ||
| Q2 25 | $26.3M | $3.5B | ||
| Q1 25 | $-52.4M | $642.0M | ||
| Q4 24 | $25.2M | $-1.4B | ||
| Q3 24 | $52.9M | $1.8B | ||
| Q2 24 | $38.4M | $54.0M |
自由现金流CNXNHOOD
| Q1 26 | — | — | ||
| Q4 25 | $25.2M | — | ||
| Q3 25 | $62.3M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-54.1M | — | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $51.2M | — | ||
| Q2 24 | $36.6M | — |
自由现金流率CNXNHOOD
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | -7.7% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 5.0% | — |
资本支出强度CNXNHOOD
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — |
现金转化率CNXNHOOD
| Q1 26 | — | 1.91× | ||
| Q4 25 | 1.32× | -1.55× | ||
| Q3 25 | 2.59× | -2.83× | ||
| Q2 25 | 1.06× | 9.09× | ||
| Q1 25 | -3.89× | 1.91× | ||
| Q4 24 | 1.22× | -1.53× | ||
| Q3 24 | 1.96× | 12.08× | ||
| Q2 24 | 1.47× | 0.29× |
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
CNXN
| Small And Medium Sized Businesses Segment | $273.5M | 39% |
| Notebooks And Mobility | $108.6M | 15% |
| Public Sector | $90.8M | 13% |
| Accessories | $46.4M | 7% |
| Desktops | $44.5M | 6% |
| Displays And Sounds | $37.1M | 5% |
| Software | $32.3M | 5% |
| Other Hardware And Services | $30.7M | 4% |
| Net And Com | $21.4M | 3% |
| Servers And Storage | $17.6M | 3% |
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
