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Clearwater Analytics Holdings, Inc.（CWAN）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
Clearwater Analytics Holdings, Inc.的季度营收约是LiveRamp Holdings, Inc.的1.0倍（$217.5M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -5.4%，领先24.2%），Clearwater Analytics Holdings, Inc.同比增速更快（72.0% vs 8.6%），过去两年Clearwater Analytics Holdings, Inc.的营收复合增速更高（45.5% vs 11.1%）
Clearwater Analytics Holdings是美国SaaS金融科技企业，面向全球客户提供自动化投资会计、业绩测算、合规管理及风险报告服务。公司为公开上市企业，总部位于美国爱达荷州博伊西，在伦敦、爱丁堡、纽约、诺伊达多地设有分支机构。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
CWAN vs RAMP — 直观对比
营收规模更大
CWAN
是对方的1.0倍
$212.2M
营收增速更快
CWAN
高出63.4%
8.6%
净利率更高
RAMP
高出24.2%
-5.4%
两年增速更快
CWAN
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $212.2M |
| 净利润 | $-11.8M | $39.9M |
| 毛利率 | 67.2% | 71.9% |
| 营业利润率 | -3.1% | 18.6% |
| 净利率 | -5.4% | 18.8% |
| 营收同比 | 72.0% | 8.6% |
| 净利润同比 | -102.8% | 255.7% |
| 每股收益（稀释后） | $-0.04 | $0.62 |
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CWANRAMP
| Q4 25 | $217.5M | $212.2M | ||
| Q3 25 | $205.1M | $199.8M | ||
| Q2 25 | $181.9M | $194.8M | ||
| Q1 25 | $126.9M | $188.7M | ||
| Q4 24 | $126.5M | $195.4M | ||
| Q3 24 | $115.8M | $185.5M | ||
| Q2 24 | $106.8M | $176.0M | ||
| Q1 24 | $102.7M | $171.9M |
净利润CWANRAMP
| Q4 25 | $-11.8M | $39.9M | ||
| Q3 25 | $-10.3M | $27.4M | ||
| Q2 25 | $-23.2M | $7.7M | ||
| Q1 25 | $6.5M | $-6.3M | ||
| Q4 24 | $419.3M | $11.2M | ||
| Q3 24 | $3.6M | $1.7M | ||
| Q2 24 | $-430.0K | $-7.5M | ||
| Q1 24 | $1.9M | $-5.4M |
毛利率CWANRAMP
| Q4 25 | 67.2% | 71.9% | ||
| Q3 25 | 65.6% | 70.2% | ||
| Q2 25 | 65.1% | 70.1% | ||
| Q1 25 | 73.3% | 69.3% | ||
| Q4 24 | 73.5% | 71.9% | ||
| Q3 24 | 72.9% | 72.4% | ||
| Q2 24 | 72.0% | 70.6% | ||
| Q1 24 | 72.6% | 72.2% |
营业利润率CWANRAMP
| Q4 25 | -3.1% | 18.6% | ||
| Q3 25 | 3.2% | 10.7% | ||
| Q2 25 | -8.0% | 3.7% | ||
| Q1 25 | 5.6% | -6.1% | ||
| Q4 24 | 1.0% | 7.5% | ||
| Q3 24 | 6.3% | 4.0% | ||
| Q2 24 | 3.6% | -3.0% | ||
| Q1 24 | -0.2% | -8.3% |
净利率CWANRAMP
| Q4 25 | -5.4% | 18.8% | ||
| Q3 25 | -5.0% | 13.7% | ||
| Q2 25 | -12.8% | 4.0% | ||
| Q1 25 | 5.1% | -3.3% | ||
| Q4 24 | 331.5% | 5.7% | ||
| Q3 24 | 3.1% | 0.9% | ||
| Q2 24 | -0.4% | -4.3% | ||
| Q1 24 | 1.8% | -3.1% |
每股收益（稀释后）CWANRAMP
| Q4 25 | $-0.04 | $0.62 | ||
| Q3 25 | $-0.04 | $0.42 | ||
| Q2 25 | $-0.09 | $0.12 | ||
| Q1 25 | $0.03 | $-0.10 | ||
| Q4 24 | $1.65 | $0.17 | ||
| Q3 24 | $0.02 | $0.03 | ||
| Q2 24 | $0.00 | $-0.11 | ||
| Q1 24 | $0.01 | $-0.09 |
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 | $91.2M | $403.4M |
| 总债务越低越好 | $822.6M | — |
| 股东权益账面价值 | $2.0B | $962.3M |
| 总资产 | $3.0B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资CWANRAMP
| Q4 25 | $91.2M | $403.4M | ||
| Q3 25 | $64.1M | $376.9M | ||
| Q2 25 | $71.9M | $371.1M | ||
| Q1 25 | $282.9M | $420.8M | ||
| Q4 24 | $255.5M | $384.3M | ||
| Q3 24 | $305.8M | $348.4M | ||
| Q2 24 | $257.9M | $342.7M | ||
| Q1 24 | $267.6M | $368.9M |
总债务CWANRAMP
| Q4 25 | $822.6M | — | ||
| Q3 25 | $838.9M | — | ||
| Q2 25 | $878.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CWANRAMP
| Q4 25 | $2.0B | $962.3M | ||
| Q3 25 | $2.0B | $943.8M | ||
| Q2 25 | $2.0B | $947.8M | ||
| Q1 25 | $1.1B | $948.9M | ||
| Q4 24 | $1.0B | $957.7M | ||
| Q3 24 | $403.2M | $932.1M | ||
| Q2 24 | $380.6M | $951.9M | ||
| Q1 24 | $406.2M | $949.1M |
总资产CWANRAMP
| Q4 25 | $3.0B | $1.3B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $623.5M | $1.2B | ||
| Q2 24 | $585.1M | $1.2B | ||
| Q1 24 | $547.8M | $1.2B |
负债/权益比CWANRAMP
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $55.3M | — |
| 自由现金流经营现金流 - 资本支出 | $52.3M | — |
| 自由现金流率自由现金流/营收 | 24.0% | — |
| 资本支出强度资本支出/营收 | 1.4% | 0.1% |
| 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 | $164.3M | — |
8季度趋势，按日历期对齐
经营现金流CWANRAMP
| Q4 25 | $55.3M | — | ||
| Q3 25 | $49.0M | $57.4M | ||
| Q2 25 | $47.1M | $-15.8M | ||
| Q1 25 | $24.5M | — | ||
| Q4 24 | $-29.2M | $45.1M | ||
| Q3 24 | $49.6M | $55.6M | ||
| Q2 24 | $43.9M | $-9.3M | ||
| Q1 24 | $10.0M | — |
自由现金流CWANRAMP
| Q4 25 | $52.3M | — | ||
| Q3 25 | $44.9M | $56.8M | ||
| Q2 25 | $44.1M | $-16.2M | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $-30.0M | $44.8M | ||
| Q3 24 | $48.1M | $55.4M | ||
| Q2 24 | $42.4M | $-9.6M | ||
| Q1 24 | $8.6M | — |
自由现金流率CWANRAMP
| Q4 25 | 24.0% | — | ||
| Q3 25 | 21.9% | 28.4% | ||
| Q2 25 | 24.2% | -8.3% | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | -23.7% | 22.9% | ||
| Q3 24 | 41.5% | 29.8% | ||
| Q2 24 | 39.7% | -5.4% | ||
| Q1 24 | 8.4% | — |
资本支出强度CWANRAMP
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 2.0% | 0.3% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 0.6% | 0.1% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 1.4% | 1.0% |
现金转化率CWANRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | 3.76× | — | ||
| Q4 24 | -0.07× | 4.02× | ||
| Q3 24 | 13.66× | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.29× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
