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Custom Truck One Source, Inc.（CTOS）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是Custom Truck One Source, Inc.的1.8倍（$774.3M vs $422.2M），PTC Inc.净利率更高（76.3% vs -4.2%，领先80.5%），PTC Inc.同比增速更快（21.7% vs -8.5%），过去两年PTC Inc.的营收复合增速更高（22.2% vs 14.8%）
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
CTOS vs PTC — 直观对比
营收规模更大
PTC
是对方的1.8倍
$422.2M
营收增速更快
PTC
高出30.2%
-8.5%
净利率更高
PTC
高出80.5%
-4.2%
两年增速更快
PTC
近两年复合增速
14.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $422.2M | $774.3M |
| 净利润 | $-17.8M | $590.7M |
| 毛利率 | 20.3% | 99.1% |
| 营业利润率 | 2.9% | 38.2% |
| 净利率 | -4.2% | 76.3% |
| 营收同比 | -8.5% | 21.7% |
| 净利润同比 | -333.7% | 141.2% |
| 每股收益（稀释后） | $-0.08 | $4.98 |
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CTOSPTC
| Q1 26 | $422.2M | $774.3M | ||
| Q4 25 | $387.3M | $685.8M | ||
| Q3 25 | $359.9M | $893.8M | ||
| Q2 25 | $392.2M | $643.9M | ||
| Q1 25 | $307.1M | $636.4M | ||
| Q4 24 | $398.3M | $565.1M | ||
| Q3 24 | $337.5M | $626.5M | ||
| Q2 24 | $320.6M | $518.6M |
净利润CTOSPTC
| Q1 26 | $-17.8M | $590.7M | ||
| Q4 25 | $20.9M | $166.5M | ||
| Q3 25 | $-5.8M | $347.8M | ||
| Q2 25 | $-28.4M | $141.3M | ||
| Q1 25 | $-17.8M | $162.6M | ||
| Q4 24 | $27.6M | $82.2M | ||
| Q3 24 | $-17.4M | $126.5M | ||
| Q2 24 | $-24.5M | $69.0M |
毛利率CTOSPTC
| Q1 26 | 20.3% | 99.1% | ||
| Q4 25 | 31.8% | 82.8% | ||
| Q3 25 | 28.0% | 86.9% | ||
| Q2 25 | 26.1% | 82.9% | ||
| Q1 25 | 27.9% | 83.3% | ||
| Q4 24 | 29.7% | 80.2% | ||
| Q3 24 | 27.2% | 82.0% | ||
| Q2 24 | 27.8% | 78.4% |
营业利润率CTOSPTC
| Q1 26 | 2.9% | 38.2% | ||
| Q4 25 | 13.4% | 32.2% | ||
| Q3 25 | 9.1% | 48.5% | ||
| Q2 25 | 7.1% | 32.6% | ||
| Q1 25 | 4.0% | 35.1% | ||
| Q4 24 | 16.9% | 20.4% | ||
| Q3 24 | 6.8% | 31.0% | ||
| Q2 24 | 5.5% | 18.5% |
净利率CTOSPTC
| Q1 26 | -4.2% | 76.3% | ||
| Q4 25 | 5.4% | 24.3% | ||
| Q3 25 | -1.6% | 38.9% | ||
| Q2 25 | -7.2% | 21.9% | ||
| Q1 25 | -5.8% | 25.6% | ||
| Q4 24 | 6.9% | 14.6% | ||
| Q3 24 | -5.2% | 20.2% | ||
| Q2 24 | -7.6% | 13.3% |
每股收益（稀释后）CTOSPTC
| Q1 26 | $-0.08 | $4.98 | ||
| Q4 25 | $0.10 | $1.39 | ||
| Q3 25 | $-0.03 | $2.88 | ||
| Q2 25 | $-0.13 | $1.17 | ||
| Q1 25 | $-0.08 | $1.35 | ||
| Q4 24 | $0.11 | $0.68 | ||
| Q3 24 | $-0.07 | $1.05 | ||
| Q2 24 | $-0.10 | $0.57 |
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 | $6.3M | $439.1M |
| 总债务越低越好 | $25.9M | — |
| 股东权益账面价值 | $809.1M | $3.9B |
| 总资产 | $3.4B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资CTOSPTC
| Q1 26 | $6.3M | $439.1M | ||
| Q4 25 | $6.3M | $209.7M | ||
| Q3 25 | $13.1M | $184.4M | ||
| Q2 25 | $5.3M | $199.3M | ||
| Q1 25 | $5.4M | $235.2M | ||
| Q4 24 | $3.8M | $196.3M | ||
| Q3 24 | $8.4M | $265.8M | ||
| Q2 24 | $8.1M | $247.7M |
总债务CTOSPTC
| Q1 26 | $25.9M | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.3B |
股东权益CTOSPTC
| Q1 26 | $809.1M | $3.9B | ||
| Q4 25 | $809.1M | $3.8B | ||
| Q3 25 | $784.7M | $3.8B | ||
| Q2 25 | $790.1M | $3.5B | ||
| Q1 25 | $813.4M | $3.4B | ||
| Q4 24 | $861.3M | $3.2B | ||
| Q3 24 | $837.5M | $3.2B | ||
| Q2 24 | $856.7M | $3.0B |
总资产CTOSPTC
| Q1 26 | $3.4B | $6.5B | ||
| Q4 25 | $3.4B | $6.4B | ||
| Q3 25 | $3.5B | $6.6B | ||
| Q2 25 | $3.6B | $6.2B | ||
| Q1 25 | $3.5B | $6.2B | ||
| Q4 24 | $3.5B | $6.1B | ||
| Q3 24 | $3.6B | $6.4B | ||
| Q2 24 | $3.5B | $6.1B |
负债/权益比CTOSPTC
| Q1 26 | 0.03× | — | ||
| Q4 25 | 2.03× | 0.31× | ||
| Q3 25 | 2.10× | 0.31× | ||
| Q2 25 | 2.04× | 0.34× | ||
| Q1 25 | 1.97× | 0.40× | ||
| Q4 24 | 1.77× | 0.32× | ||
| Q3 24 | 1.87× | 0.38× | ||
| Q2 24 | 1.79× | 0.43× |
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 | — | $320.9M |
| 自由现金流经营现金流 - 资本支出 | — | $318.0M |
| 自由现金流率自由现金流/营收 | — | 41.1% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.54× |
| 过去12个月自由现金流最近4个季度 | — | $927.9M |
8季度趋势，按日历期对齐
经营现金流CTOSPTC
| Q1 26 | — | $320.9M | ||
| Q4 25 | $47.3M | $269.7M | ||
| Q3 25 | $81.5M | $104.0M | ||
| Q2 25 | $125.7M | $243.9M | ||
| Q1 25 | $55.6M | $281.3M | ||
| Q4 24 | $82.1M | $238.4M | ||
| Q3 24 | $16.5M | $98.1M | ||
| Q2 24 | $37.8M | $213.8M |
自由现金流CTOSPTC
| Q1 26 | — | $318.0M | ||
| Q4 25 | — | $267.4M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $242.0M | ||
| Q1 25 | — | $278.5M | ||
| Q4 24 | — | $235.7M | ||
| Q3 24 | — | $93.6M | ||
| Q2 24 | — | $212.2M |
自由现金流率CTOSPTC
| Q1 26 | — | 41.1% | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 41.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 40.9% |
资本支出强度CTOSPTC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.3% |
现金转化率CTOSPTC
| Q1 26 | — | 0.54× | ||
| Q4 25 | 2.27× | 1.62× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | 2.98× | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× |
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
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 1% |
