vs
Compass, Inc.（COMP）与ETSY INC（ETSY）财务数据对比。点击上方公司名可切换其他公司
Compass, Inc.的季度营收约是ETSY INC的1.9倍（$1.7B vs $881.6M），ETSY INC净利率更高（12.6% vs -2.5%，领先15.1%），Compass, Inc.同比增速更快（23.1% vs 3.5%），ETSY INC自由现金流更多（$315.9M vs $42.2M），过去两年Compass, Inc.的营收复合增速更高（27.0% vs 16.8%）
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
COMP vs ETSY — 直观对比
营收规模更大
COMP
是对方的1.9倍
$881.6M
营收增速更快
COMP
高出19.7%
3.5%
净利率更高
ETSY
高出15.1%
-2.5%
自由现金流更多
ETSY
多$273.7M
$42.2M
两年增速更快
COMP
近两年复合增速
16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $881.6M |
| 净利润 | $-42.6M | $110.7M |
| 毛利率 | — | 73.1% |
| 营业利润率 | -2.5% | 14.7% |
| 净利率 | -2.5% | 12.6% |
| 营收同比 | 23.1% | 3.5% |
| 净利润同比 | -5.2% | -14.8% |
| 每股收益（稀释后） | $-0.07 | $1.00 |
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COMPETSY
| Q4 25 | $1.7B | $881.6M | ||
| Q3 25 | $1.8B | $678.0M | ||
| Q2 25 | $2.1B | $672.7M | ||
| Q1 25 | $1.4B | $651.2M | ||
| Q4 24 | $1.4B | $852.2M | ||
| Q3 24 | $1.5B | $662.4M | ||
| Q2 24 | $1.7B | $647.8M | ||
| Q1 24 | $1.1B | $646.0M |
净利润COMPETSY
| Q4 25 | $-42.6M | $110.7M | ||
| Q3 25 | $-4.6M | $75.5M | ||
| Q2 25 | $39.4M | $28.8M | ||
| Q1 25 | $-50.7M | $-52.1M | ||
| Q4 24 | $-40.5M | $129.9M | ||
| Q3 24 | $-1.7M | $57.4M | ||
| Q2 24 | $20.7M | $53.0M | ||
| Q1 24 | $-132.9M | $63.0M |
毛利率COMPETSY
| Q4 25 | — | 73.1% | ||
| Q3 25 | — | 71.3% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 70.5% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 72.0% | ||
| Q2 24 | — | 71.6% | ||
| Q1 24 | — | 71.0% |
营业利润率COMPETSY
| Q4 25 | -2.5% | 14.7% | ||
| Q3 25 | -0.4% | 12.2% | ||
| Q2 25 | 1.9% | 11.4% | ||
| Q1 25 | -4.0% | -3.4% | ||
| Q4 24 | -2.9% | 18.2% | ||
| Q3 24 | -0.2% | 13.1% | ||
| Q2 24 | 1.3% | 10.8% | ||
| Q1 24 | -12.5% | 10.5% |
净利率COMPETSY
| Q4 25 | -2.5% | 12.6% | ||
| Q3 25 | -0.2% | 11.1% | ||
| Q2 25 | 1.9% | 4.3% | ||
| Q1 25 | -3.7% | -8.0% | ||
| Q4 24 | -2.9% | 15.2% | ||
| Q3 24 | -0.1% | 8.7% | ||
| Q2 24 | 1.2% | 8.2% | ||
| Q1 24 | -12.6% | 9.8% |
每股收益（稀释后）COMPETSY
| Q4 25 | $-0.07 | $1.00 | ||
| Q3 25 | $-0.01 | $0.63 | ||
| Q2 25 | $0.07 | $0.25 | ||
| Q1 25 | $-0.09 | $-0.49 | ||
| Q4 24 | $-0.08 | $1.01 | ||
| Q3 24 | $0.00 | $0.45 | ||
| Q2 24 | $0.04 | $0.41 | ||
| Q1 24 | $-0.27 | $0.48 |
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 | $199.0M | $1.4B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $782.0M | $-1.1B |
| 总资产 | $1.5B | $2.8B |
| 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COMPETSY
| Q4 25 | $199.0M | $1.4B | ||
| Q3 25 | $170.3M | $1.2B | ||
| Q2 25 | $177.3M | $1.2B | ||
| Q1 25 | $127.0M | $649.2M | ||
| Q4 24 | $223.8M | $811.2M | ||
| Q3 24 | $211.2M | $818.9M | ||
| Q2 24 | $185.8M | $759.2M | ||
| Q1 24 | $165.9M | $788.8M |
总债务COMPETSY
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益COMPETSY
| Q4 25 | $782.0M | $-1.1B | ||
| Q3 25 | $773.3M | $-1.1B | ||
| Q2 25 | $719.9M | $-1.1B | ||
| Q1 25 | $635.0M | $-910.3M | ||
| Q4 24 | $409.4M | $-758.9M | ||
| Q3 24 | $428.0M | $-624.3M | ||
| Q2 24 | $398.4M | $-635.0M | ||
| Q1 24 | $330.3M | $-583.8M |
总资产COMPETSY
| Q4 25 | $1.5B | $2.8B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.6B | $2.6B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B | ||
| Q1 24 | $1.1B | $2.5B |
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 | $45.3M | $317.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $315.9M |
| 自由现金流率自由现金流/营收 | 2.5% | 35.8% |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 2.86× |
| 过去12个月自由现金流最近4个季度 | $203.3M | $678.0M |
8季度趋势，按日历期对齐
经营现金流COMPETSY
| Q4 25 | $45.3M | $317.1M | ||
| Q3 25 | $75.5M | $219.0M | ||
| Q2 25 | $72.8M | $108.1M | ||
| Q1 25 | $23.1M | $49.2M | ||
| Q4 24 | $30.5M | $315.0M | ||
| Q3 24 | $37.4M | $217.4M | ||
| Q2 24 | $45.0M | $151.1M | ||
| Q1 24 | $8.6M | $69.0M |
自由现金流COMPETSY
| Q4 25 | $42.2M | $315.9M | ||
| Q3 25 | $73.6M | $215.0M | ||
| Q2 25 | $68.0M | $101.3M | ||
| Q1 25 | $19.5M | $45.9M | ||
| Q4 24 | $26.7M | $310.9M | ||
| Q3 24 | $32.8M | $213.2M | ||
| Q2 24 | $40.4M | $147.4M | ||
| Q1 24 | $5.9M | $66.8M |
自由现金流率COMPETSY
| Q4 25 | 2.5% | 35.8% | ||
| Q3 25 | 4.0% | 31.7% | ||
| Q2 25 | 3.3% | 15.1% | ||
| Q1 25 | 1.4% | 7.1% | ||
| Q4 24 | 1.9% | 36.5% | ||
| Q3 24 | 2.2% | 32.2% | ||
| Q2 24 | 2.4% | 22.8% | ||
| Q1 24 | 0.6% | 10.3% |
资本支出强度COMPETSY
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.1% | 0.6% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.3% | 0.5% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.3% | 0.6% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 0.3% | 0.3% |
现金转化率COMPETSY
| Q4 25 | — | 2.86× | ||
| Q3 25 | — | 2.90× | ||
| Q2 25 | 1.85× | 3.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | — | 3.79× | ||
| Q2 24 | 2.17× | 2.85× | ||
| Q1 24 | — | 1.10× |
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
COMP
暂无分部数据
ETSY
| Marketplace Revenue | $612.4M | 69% |
| Services Revenue | $269.2M | 31% |
