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DXC Technology Co（DXC）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是DXC Technology Co的1.1倍（$3.7B vs $3.2B），SHOPIFY INC.净利率更高（20.2% vs 3.4%，领先16.9%），SHOPIFY INC.同比增速更快（30.6% vs -1.0%），SHOPIFY INC.自由现金流更多（$715.0M vs $359.0M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs -2.9%）
DXC Technology是总部位于美国弗吉尼亚州阿什本的跨国信息技术服务与咨询企业，为全球客户提供专业的IT解决方案及相关咨询服务，助力企业实现数字化转型、提升运营效率。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
DXC vs SHOP — 直观对比
营收规模更大
SHOP
是对方的1.1倍
$3.2B
营收增速更快
SHOP
高出31.5%
-1.0%
净利率更高
SHOP
高出16.9%
3.4%
自由现金流更多
SHOP
多$356.0M
$359.0M
两年增速更快
SHOP
近两年复合增速
-2.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.7B |
| 净利润 | $107.0M | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 8.2% | 17.2% |
| 净利率 | 3.4% | 20.2% |
| 营收同比 | -1.0% | 30.6% |
| 净利润同比 | 87.7% | -42.5% |
| 每股收益（稀释后） | $0.61 | $0.58 |
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DXCSHOP
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.2B | $2.4B | ||
| Q4 24 | $3.2B | $2.8B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | $3.4B | $1.9B |
净利润DXCSHOP
| Q4 25 | $107.0M | $743.0M | ||
| Q3 25 | $36.0M | $264.0M | ||
| Q2 25 | $16.0M | $906.0M | ||
| Q1 25 | $264.0M | $-682.0M | ||
| Q4 24 | $57.0M | $1.3B | ||
| Q3 24 | $42.0M | $828.0M | ||
| Q2 24 | $26.0M | $171.0M | ||
| Q1 24 | $-200.0M | $-273.0M |
毛利率DXCSHOP
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
营业利润率DXCSHOP
| Q4 25 | 8.2% | 17.2% | ||
| Q3 25 | 8.0% | 12.1% | ||
| Q2 25 | 6.8% | 10.9% | ||
| Q1 25 | 7.3% | 8.6% | ||
| Q4 24 | 8.9% | 16.5% | ||
| Q3 24 | 8.6% | 13.1% | ||
| Q2 24 | 6.9% | 11.8% | ||
| Q1 24 | 8.2% | 4.6% |
净利率DXCSHOP
| Q4 25 | 3.4% | 20.2% | ||
| Q3 25 | 1.1% | 9.3% | ||
| Q2 25 | 0.5% | 33.8% | ||
| Q1 25 | 8.3% | -28.9% | ||
| Q4 24 | 1.8% | 46.0% | ||
| Q3 24 | 1.3% | 38.3% | ||
| Q2 24 | 0.8% | 8.4% | ||
| Q1 24 | -5.9% | -14.7% |
每股收益（稀释后）DXCSHOP
| Q4 25 | $0.61 | $0.58 | ||
| Q3 25 | $0.20 | $0.20 | ||
| Q2 25 | $0.09 | $0.69 | ||
| Q1 25 | $1.42 | $-0.53 | ||
| Q4 24 | $0.31 | $0.99 | ||
| Q3 24 | $0.23 | $0.64 | ||
| Q2 24 | $0.14 | $0.13 | ||
| Q1 24 | $-1.01 | $-0.21 |
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 | $1.7B | $5.8B |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $3.1B | $13.5B |
| 总资产 | $13.2B | $15.2B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资DXCSHOP
| Q4 25 | $1.7B | $5.8B | ||
| Q3 25 | $1.9B | $6.3B | ||
| Q2 25 | $1.8B | $5.8B | ||
| Q1 25 | $1.8B | $5.5B | ||
| Q4 24 | $1.7B | $5.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
总债务DXCSHOP
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
股东权益DXCSHOP
| Q4 25 | $3.1B | $13.5B | ||
| Q3 25 | $3.1B | $12.5B | ||
| Q2 25 | $3.2B | $12.1B | ||
| Q1 25 | $3.2B | $11.1B | ||
| Q4 24 | $3.0B | $11.6B | ||
| Q3 24 | $3.0B | $10.1B | ||
| Q2 24 | $2.9B | $9.2B | ||
| Q1 24 | $2.8B | $8.9B |
总资产DXCSHOP
| Q4 25 | $13.2B | $15.2B | ||
| Q3 25 | $13.6B | $15.0B | ||
| Q2 25 | $13.4B | $14.6B | ||
| Q1 25 | $13.2B | $13.4B | ||
| Q4 24 | $13.0B | $13.9B | ||
| Q3 24 | $13.5B | — | ||
| Q2 24 | $13.4B | — | ||
| Q1 24 | $13.9B | — |
负债/权益比DXCSHOP
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 1.36× | — |
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 | $414.0M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $359.0M | $715.0M |
| 自由现金流率自由现金流/营收 | 11.2% | 19.5% |
| 资本支出强度资本支出/营收 | 1.7% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.87× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $2.0B |
8季度趋势，按日历期对齐
经营现金流DXCSHOP
| Q4 25 | $414.0M | $725.0M | ||
| Q3 25 | $409.0M | $513.0M | ||
| Q2 25 | $186.0M | $428.0M | ||
| Q1 25 | $315.0M | $367.0M | ||
| Q4 24 | $650.0M | $615.0M | ||
| Q3 24 | $195.0M | $423.0M | ||
| Q2 24 | $238.0M | $340.0M | ||
| Q1 24 | $280.0M | $238.0M |
自由现金流DXCSHOP
| Q4 25 | $359.0M | $715.0M | ||
| Q3 25 | $365.0M | $507.0M | ||
| Q2 25 | $143.0M | $422.0M | ||
| Q1 25 | $238.0M | $363.0M | ||
| Q4 24 | $568.0M | $611.0M | ||
| Q3 24 | $154.0M | $421.0M | ||
| Q2 24 | $190.0M | $333.0M | ||
| Q1 24 | $242.0M | $232.0M |
自由现金流率DXCSHOP
| Q4 25 | 11.2% | 19.5% | ||
| Q3 25 | 11.5% | 17.8% | ||
| Q2 25 | 4.5% | 15.7% | ||
| Q1 25 | 7.5% | 15.4% | ||
| Q4 24 | 17.6% | 21.7% | ||
| Q3 24 | 4.8% | 19.5% | ||
| Q2 24 | 5.9% | 16.3% | ||
| Q1 24 | 7.1% | 12.5% |
资本支出强度DXCSHOP
| Q4 25 | 1.7% | 0.3% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.4% | 0.2% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 2.5% | 0.1% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 1.5% | 0.3% | ||
| Q1 24 | 1.1% | 0.3% |
现金转化率DXCSHOP
| Q4 25 | 3.87× | 0.98× | ||
| Q3 25 | 11.36× | 1.94× | ||
| Q2 25 | 11.63× | 0.47× | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 11.40× | 0.48× | ||
| Q3 24 | 4.64× | 0.51× | ||
| Q2 24 | 9.15× | 1.99× | ||
| Q1 24 | — | — |
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
DXC
| GIS Segment | $1.6B | 50% |
| CES Segment | $1.3B | 40% |
| Insurance Segment | $321.0M | 10% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
