vs
Eventbrite, Inc.（EB）与Safehold Inc.（SAFE）财务数据对比。点击上方公司名可切换其他公司
Safehold Inc.的季度营收约是Eventbrite, Inc.的1.3倍（$97.9M vs $73.5M），Safehold Inc.净利率更高（28.5% vs -11.1%，领先39.6%），Safehold Inc.同比增速更快（6.5% vs -3.9%），过去两年Safehold Inc.的营收复合增速更高（2.5% vs -7.7%）
Eventbrite是源自美国的线下活动服务平台，为用户提供活动浏览、创建与推广服务，支持主办方免费在平台发布不限规模、不限数量的各类活动，是全球范围内活跃度较高的活动交易与推广平台。
SAFE投资有限公司是一家位于中国香港的中国主权财富基金，主要承担主权财富相关的投资运营职能，依托香港的国际金融中心优势开展相关投资业务。
EB vs SAFE — 直观对比
营收规模更大
SAFE
是对方的1.3倍
$73.5M
营收增速更快
SAFE
高出10.4%
-3.9%
净利率更高
SAFE
高出39.6%
-11.1%
两年增速更快
SAFE
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $73.5M | $97.9M |
| 净利润 | $-8.2M | $27.9M |
| 毛利率 | 68.1% | 98.6% |
| 营业利润率 | -12.4% | 27.4% |
| 净利率 | -11.1% | 28.5% |
| 营收同比 | -3.9% | 6.5% |
| 净利润同比 | 2.5% | 7.1% |
| 每股收益（稀释后） | $-0.08 | $0.38 |
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EBSAFE
| Q4 25 | $73.5M | $97.9M | ||
| Q3 25 | $71.7M | $96.2M | ||
| Q2 25 | $72.8M | $93.8M | ||
| Q1 25 | $73.8M | $97.7M | ||
| Q4 24 | $76.5M | $91.9M | ||
| Q3 24 | $77.8M | $90.7M | ||
| Q2 24 | $84.6M | $89.9M | ||
| Q1 24 | $86.3M | $93.2M |
净利润EBSAFE
| Q4 25 | $-8.2M | $27.9M | ||
| Q3 25 | $6.4M | $29.3M | ||
| Q2 25 | $-2.1M | $27.9M | ||
| Q1 25 | $-6.6M | $29.4M | ||
| Q4 24 | $-8.4M | $26.0M | ||
| Q3 24 | $-3.8M | $19.3M | ||
| Q2 24 | $1.1M | $29.7M | ||
| Q1 24 | $-4.5M | $30.7M |
毛利率EBSAFE
| Q4 25 | 68.1% | 98.6% | ||
| Q3 25 | 67.9% | 98.5% | ||
| Q2 25 | 67.5% | 99.1% | ||
| Q1 25 | 66.9% | 98.8% | ||
| Q4 24 | 68.2% | 98.8% | ||
| Q3 24 | 68.5% | 98.8% | ||
| Q2 24 | 70.9% | 98.8% | ||
| Q1 24 | 71.0% | 98.8% |
营业利润率EBSAFE
| Q4 25 | -12.4% | 27.4% | ||
| Q3 25 | -1.3% | 25.9% | ||
| Q2 25 | -8.7% | 25.5% | ||
| Q1 25 | -13.2% | 25.9% | ||
| Q4 24 | -10.2% | 24.6% | ||
| Q3 24 | -11.5% | 17.5% | ||
| Q2 24 | -7.6% | 26.7% | ||
| Q1 24 | -8.8% | 26.4% |
净利率EBSAFE
| Q4 25 | -11.1% | 28.5% | ||
| Q3 25 | 8.9% | 30.5% | ||
| Q2 25 | -2.9% | 29.8% | ||
| Q1 25 | -9.0% | 30.1% | ||
| Q4 24 | -11.0% | 28.3% | ||
| Q3 24 | -4.8% | 21.3% | ||
| Q2 24 | 1.3% | 33.0% | ||
| Q1 24 | -5.2% | 33.0% |
每股收益（稀释后）EBSAFE
| Q4 25 | $-0.08 | $0.38 | ||
| Q3 25 | $0.06 | $0.41 | ||
| Q2 25 | $-0.02 | $0.39 | ||
| Q1 25 | $-0.07 | $0.41 | ||
| Q4 24 | $-0.09 | $0.36 | ||
| Q3 24 | $-0.04 | $0.27 | ||
| Q2 24 | $0.01 | $0.42 | ||
| Q1 24 | $-0.05 | $0.43 |
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 | $299.9M | $21.7M |
| 总债务越低越好 | $144.4M | $4.6B |
| 股东权益账面价值 | $179.1M | $2.4B |
| 总资产 | $647.2M | $7.2B |
| 负债/权益比越低杠杆越低 | 0.81× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资EBSAFE
| Q4 25 | $299.9M | $21.7M | ||
| Q3 25 | — | $12.1M | ||
| Q2 25 | — | $13.9M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | $441.5M | $8.3M | ||
| Q3 24 | $24.7M | $15.6M | ||
| Q2 24 | $56.7M | $13.4M | ||
| Q1 24 | $113.7M | $11.3M |
总债务EBSAFE
| Q4 25 | $144.4M | $4.6B | ||
| Q3 25 | $174.9M | $4.5B | ||
| Q2 25 | $241.3M | $4.4B | ||
| Q1 25 | $241.0M | $4.3B | ||
| Q4 24 | $240.7M | $4.3B | ||
| Q3 24 | $240.4M | $4.3B | ||
| Q2 24 | $358.7M | $4.2B | ||
| Q1 24 | $358.2M | $4.1B |
股东权益EBSAFE
| Q4 25 | $179.1M | $2.4B | ||
| Q3 25 | $189.1M | $2.4B | ||
| Q2 25 | $177.2M | $2.4B | ||
| Q1 25 | $173.3M | $2.4B | ||
| Q4 24 | $170.2M | $2.3B | ||
| Q3 24 | $179.8M | $2.3B | ||
| Q2 24 | $176.2M | $2.3B | ||
| Q1 24 | $184.1M | $2.3B |
总资产EBSAFE
| Q4 25 | $647.2M | $7.2B | ||
| Q3 25 | $744.6M | $7.1B | ||
| Q2 25 | $784.1M | $7.1B | ||
| Q1 25 | $812.3M | $6.9B | ||
| Q4 24 | $752.3M | $6.9B | ||
| Q3 24 | $817.4M | $6.8B | ||
| Q2 24 | $894.5M | $6.8B | ||
| Q1 24 | $952.2M | $6.7B |
负债/权益比EBSAFE
| Q4 25 | 0.81× | 1.90× | ||
| Q3 25 | 0.92× | 1.89× | ||
| Q2 25 | 1.36× | 1.87× | ||
| Q1 25 | 1.39× | 1.85× | ||
| Q4 24 | 1.41× | 1.84× | ||
| Q3 24 | 1.34× | 1.88× | ||
| Q2 24 | 2.04× | 1.81× | ||
| Q1 24 | 1.95× | 1.81× |
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 | $-60.8M | $47.8M |
| 自由现金流经营现金流 - 资本支出 | $-60.9M | — |
| 自由现金流率自由现金流/营收 | -82.8% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 1.72× |
| 过去12个月自由现金流最近4个季度 | $17.6M | — |
8季度趋势，按日历期对齐
经营现金流EBSAFE
| Q4 25 | $-60.8M | $47.8M | ||
| Q3 25 | $36.7M | $-1.4M | ||
| Q2 25 | $-17.5M | $28.0M | ||
| Q1 25 | $59.4M | $8.9M | ||
| Q4 24 | $-45.3M | $37.9M | ||
| Q3 24 | $44.6M | $8.3M | ||
| Q2 24 | $-32.3M | $24.8M | ||
| Q1 24 | $68.6M | $-3.1M |
自由现金流EBSAFE
| Q4 25 | $-60.9M | — | ||
| Q3 25 | $36.6M | — | ||
| Q2 25 | $-17.5M | — | ||
| Q1 25 | $59.4M | — | ||
| Q4 24 | $-45.3M | — | ||
| Q3 24 | $44.4M | — | ||
| Q2 24 | $-32.4M | — | ||
| Q1 24 | $68.2M | — |
自由现金流率EBSAFE
| Q4 25 | -82.8% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | -24.1% | — | ||
| Q1 25 | 80.4% | — | ||
| Q4 24 | -59.2% | — | ||
| Q3 24 | 57.1% | — | ||
| Q2 24 | -38.3% | — | ||
| Q1 24 | 79.1% | — |
资本支出强度EBSAFE
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.4% | — |
现金转化率EBSAFE
| Q4 25 | — | 1.72× | ||
| Q3 25 | 5.76× | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | -30.37× | 0.83× | ||
| Q1 24 | — | -0.10× |
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
EB
| US | $52.0M | 71% |
| Other | $21.6M | 29% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
