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Coinbase（COIN）与WEIS MARKETS INC（WMK）财务数据对比。点击上方公司名可切换其他公司
Coinbase的季度营收约是WEIS MARKETS INC的1.4倍（$1.8B vs $1.3B），WEIS MARKETS INC净利率更高（2.5% vs -37.4%，领先39.9%），WEIS MARKETS INC同比增速更快（5.0% vs -21.6%），过去两年WEIS MARKETS INC的营收复合增速更高（4.7% 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。
魏斯市场（Weis Markets）是美国本土食品零售企业，总部位于宾夕法尼亚州森伯里。目前在宾夕法尼亚、马里兰、纽约、新泽西、西弗吉尼亚、弗吉尼亚、特拉华七个州运营200家门店，员工规模超2.3万人。
COIN vs WMK — 直观对比
营收规模更大
COIN
是对方的1.4倍
$1.3B
营收增速更快
WMK
高出26.6%
-21.6%
净利率更高
WMK
高出39.9%
-37.4%
两年增速更快
WMK
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $-666.7M | $32.0M |
| 毛利率 | — | 25.3% |
| 营业利润率 | 15.4% | 3.2% |
| 净利率 | -37.4% | 2.5% |
| 营收同比 | -21.6% | 5.0% |
| 净利润同比 | -151.6% | -5.1% |
| 每股收益（稀释后） | $-2.43 | $1.27 |
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COINWMK
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $2.0B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
净利润COINWMK
| Q4 25 | $-666.7M | $32.0M | ||
| Q3 25 | $432.6M | $16.9M | ||
| Q2 25 | $1.4B | $25.3M | ||
| Q1 25 | $65.6M | $19.5M | ||
| Q4 24 | $1.3B | $33.7M | ||
| Q3 24 | $75.5M | $24.5M | ||
| Q2 24 | $36.1M | $25.4M | ||
| Q1 24 | $1.2B | $22.4M |
毛利率COINWMK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | 25.1% | ||
| Q1 24 | — | 24.9% |
营业利润率COINWMK
| Q4 25 | 15.4% | 3.2% | ||
| Q3 25 | 25.7% | 1.7% | ||
| Q2 25 | -1.6% | 2.5% | ||
| Q1 25 | 34.7% | 1.8% | ||
| Q4 24 | 45.5% | 3.3% | ||
| Q3 24 | 14.1% | 2.3% | ||
| Q2 24 | 23.7% | 2.6% | ||
| Q1 24 | 46.4% | 2.2% |
净利率COINWMK
| Q4 25 | -37.4% | 2.5% | ||
| Q3 25 | 23.1% | 1.4% | ||
| Q2 25 | 95.4% | 2.1% | ||
| Q1 25 | 3.2% | 1.6% | ||
| Q4 24 | 56.8% | 2.7% | ||
| Q3 24 | 6.3% | 2.1% | ||
| Q2 24 | 2.5% | 2.1% | ||
| Q1 24 | 71.8% | 1.9% |
每股收益（稀释后）COINWMK
| Q4 25 | $-2.43 | $1.27 | ||
| Q3 25 | $1.50 | $0.69 | ||
| Q2 25 | $5.14 | $0.96 | ||
| Q1 25 | $0.24 | $0.73 | ||
| Q4 24 | $4.66 | $1.25 | ||
| Q3 24 | $0.28 | $0.91 | ||
| Q2 24 | $0.14 | $0.95 | ||
| Q1 24 | $4.40 | $0.83 |
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 | $214.2M |
| 总债务越低越好 | $7.2B | — |
| 股东权益账面价值 | $14.8B | $1.4B |
| 总资产 | $29.7B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资COINWMK
| Q4 25 | $11.6B | $214.2M | ||
| Q3 25 | $9.8B | $177.6M | ||
| Q2 25 | $7.5B | $188.8M | ||
| Q1 25 | $8.1B | $337.9M | ||
| Q4 24 | $8.5B | $382.3M | ||
| Q3 24 | $7.7B | $381.2M | ||
| Q2 24 | $7.2B | $398.7M | ||
| Q1 24 | $6.7B | $397.5M |
总债务COINWMK
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.2B | — |
股东权益COINWMK
| Q4 25 | $14.8B | $1.4B | ||
| Q3 25 | $16.0B | $1.3B | ||
| Q2 25 | $12.1B | $1.3B | ||
| Q1 25 | $10.5B | $1.4B | ||
| Q4 24 | $10.3B | $1.4B | ||
| Q3 24 | $8.7B | $1.4B | ||
| Q2 24 | $8.4B | $1.4B | ||
| Q1 24 | $8.1B | $1.4B |
总资产COINWMK
| Q4 25 | $29.7B | $2.0B | ||
| Q3 25 | $31.4B | $2.0B | ||
| Q2 25 | $23.5B | $1.9B | ||
| Q1 25 | $21.7B | $2.1B | ||
| Q4 24 | $22.5B | $2.1B | ||
| Q3 24 | $290.6B | $2.1B | ||
| Q2 24 | $287.0B | $2.1B | ||
| Q1 24 | $348.0B | $2.0B |
负债/权益比COINWMK
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.52× | — |
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 | $86.6M |
| 自由现金流经营现金流 - 资本支出 | — | $36.4M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | — | 3.9% |
| 现金转化率经营现金流/净利润 | — | 2.71× |
| 过去12个月自由现金流最近4个季度 | — | $4.8M |
8季度趋势，按日历期对齐
经营现金流COINWMK
| Q4 25 | $3.1B | $86.6M | ||
| Q3 25 | $-784.5M | $59.2M | ||
| Q2 25 | $328.5M | $56.6M | ||
| Q1 25 | $-182.7M | $4.9M | ||
| Q4 24 | $964.6M | $87.1M | ||
| Q3 24 | $696.5M | $25.8M | ||
| Q2 24 | $484.2M | $40.3M | ||
| Q1 24 | $411.5M | $34.2M |
自由现金流COINWMK
| Q4 25 | — | $36.4M | ||
| Q3 25 | — | $-4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | — | $33.7M | ||
| Q3 24 | — | $-16.5M | ||
| Q2 24 | — | $10.2M | ||
| Q1 24 | — | $-1.3M |
自由现金流率COINWMK
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | -0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -0.1% |
资本支出强度COINWMK
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 3.0% |
现金转化率COINWMK
| Q4 25 | — | 2.71× | ||
| Q3 25 | -1.81× | 3.50× | ||
| Q2 25 | 0.23× | 2.24× | ||
| Q1 25 | -2.79× | 0.25× | ||
| Q4 24 | 0.75× | 2.59× | ||
| Q3 24 | 9.23× | 1.05× | ||
| Q2 24 | 13.39× | 1.58× | ||
| Q1 24 | 0.35× | 1.53× |
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% |
WMK
| Grocery | $1.0B | 80% |
| Pharmacy | $186.7M | 14% |
| Fuel Product | $66.5M | 5% |
| Services | $5.9M | 0% |
| Manufacturing | $2.2M | 0% |
