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Coinbase（COIN）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Coinbase的1.2倍（$2.1B vs $1.8B），Roper Technologies净利率更高（15.8% vs -37.4%，领先53.2%），Roper Technologies同比增速更快（11.3% vs -21.6%），过去两年Roper Technologies的营收复合增速更高（10.5% vs 4.3%）
Coinbase是美国知名加密货币交易所，2012年由布莱恩·阿姆斯特朗与弗雷德·埃尔萨姆联合创立。截至2024年，平台拥有超1亿用户，业务覆盖100多个国家，是美国最大加密货币交易所、全球最大比特币托管机构，托管总资产近5160亿美元，持有约12%的流通比特币及11%的质押以太币。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
COIN vs ROP — 直观对比
营收规模更大
ROP
是对方的1.2倍
$1.8B
营收增速更快
ROP
高出32.9%
-21.6%
净利率更高
ROP
高出53.2%
-37.4%
两年增速更快
ROP
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.1B |
| 净利润 | $-666.7M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 15.4% | 27.2% |
| 净利率 | -37.4% | 15.8% |
| 营收同比 | -21.6% | 11.3% |
| 净利润同比 | -151.6% | 53.7% |
| 每股收益（稀释后） | $-2.43 | $4.87 |
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COINROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.4B | $1.7B |
净利润COINROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $-666.7M | $428.4M | ||
| Q3 25 | $432.6M | $398.5M | ||
| Q2 25 | $1.4B | $378.3M | ||
| Q1 25 | $65.6M | $331.1M | ||
| Q4 24 | $1.3B | $462.3M | ||
| Q3 24 | $75.5M | $367.9M | ||
| Q2 24 | $36.1M | $337.1M |
毛利率COINROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率COINROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 15.4% | 28.6% | ||
| Q3 25 | 25.7% | 28.4% | ||
| Q2 25 | -1.6% | 28.2% | ||
| Q1 25 | 34.7% | 27.9% | ||
| Q4 24 | 45.5% | 28.0% | ||
| Q3 24 | 14.1% | 28.1% | ||
| Q2 24 | 23.7% | 28.8% |
净利率COINROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | -37.4% | 20.8% | ||
| Q3 25 | 23.1% | 19.8% | ||
| Q2 25 | 95.4% | 19.5% | ||
| Q1 25 | 3.2% | 17.6% | ||
| Q4 24 | 56.8% | 24.6% | ||
| Q3 24 | 6.3% | 20.8% | ||
| Q2 24 | 2.5% | 19.6% |
每股收益（稀释后）COINROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $-2.43 | $3.97 | ||
| Q3 25 | $1.50 | $3.68 | ||
| Q2 25 | $5.14 | $3.49 | ||
| Q1 25 | $0.24 | $3.06 | ||
| Q4 24 | $4.66 | $4.29 | ||
| Q3 24 | $0.28 | $3.40 | ||
| Q2 24 | $0.14 | $3.12 |
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 | $11.6B | $382.9M |
| 总债务越低越好 | $7.2B | $9.7B |
| 股东权益账面价值 | $14.8B | $18.8B |
| 总资产 | $29.7B | $34.6B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资COINROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $11.6B | $297.4M | ||
| Q3 25 | $9.8B | $320.0M | ||
| Q2 25 | $7.5B | $242.4M | ||
| Q1 25 | $8.1B | $372.8M | ||
| Q4 24 | $8.5B | $188.2M | ||
| Q3 24 | $7.7B | $269.6M | ||
| Q2 24 | $7.2B | $251.5M |
总债务COINROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $7.2B | $9.3B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | $7.6B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — |
股东权益COINROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $14.8B | $19.9B | ||
| Q3 25 | $16.0B | $20.0B | ||
| Q2 25 | $12.1B | $19.6B | ||
| Q1 25 | $10.5B | $19.2B | ||
| Q4 24 | $10.3B | $18.9B | ||
| Q3 24 | $8.7B | $18.5B | ||
| Q2 24 | $8.4B | $18.1B |
总资产COINROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $29.7B | $34.6B | ||
| Q3 25 | $31.4B | $34.6B | ||
| Q2 25 | $23.5B | $33.2B | ||
| Q1 25 | $21.7B | $31.4B | ||
| Q4 24 | $22.5B | $31.3B | ||
| Q3 24 | $290.6B | $31.6B | ||
| Q2 24 | $287.0B | $29.8B |
负债/权益比COINROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 0.49× | 0.47× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.41× | 0.40× | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.51× | — |
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 | $3.1B | — |
| 自由现金流经营现金流 - 资本支出 | — | $507.0M |
| 自由现金流率自由现金流/营收 | — | 24.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流COINROP
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $738.0M | ||
| Q3 25 | $-784.5M | $869.5M | ||
| Q2 25 | $328.5M | $404.1M | ||
| Q1 25 | $-182.7M | $528.7M | ||
| Q4 24 | $964.6M | $722.2M | ||
| Q3 24 | $696.5M | $755.4M | ||
| Q2 24 | $484.2M | $384.1M |
自由现金流COINROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率COINROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度COINROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率COINROP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | -1.81× | 2.18× | ||
| Q2 25 | 0.23× | 1.07× | ||
| Q1 25 | -2.79× | 1.60× | ||
| Q4 24 | 0.75× | 1.56× | ||
| Q3 24 | 9.23× | 2.05× | ||
| Q2 24 | 13.39× | 1.14× |
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
COIN
| Bank Servicing Consumer Net | $733.9M | 41% |
| Subscription And Circulation | $727.4M | 41% |
| Bank Servicing Institutional | $185.0M | 10% |
| Other Revenue | $71.1M | 4% |
| Bank Servicing Other | $63.8M | 4% |
| Related Party | $1.3M | 0% |
ROP
暂无分部数据
