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EMCOR Group, Inc.（EME）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
EMCOR Group, Inc.的季度营收约是SHOPIFY INC.的1.2倍（$4.5B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs 9.6%，领先10.6%），SHOPIFY INC.同比增速更快（30.6% vs 19.7%），SHOPIFY INC.自由现金流更多（$715.0M vs $492.5M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 14.7%）
EMCOR Group Inc.是总部位于美国康涅狄格州诺沃克的综合服务企业，核心业务涵盖工程设计、建筑施工、不动产管理三大板块，可为各行业客户提供相关领域的专业定制化解决方案及全流程配套服务。
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。
EME vs SHOP — 直观对比
营收规模更大
EME
是对方的1.2倍
$3.7B
营收增速更快
SHOP
高出10.9%
19.7%
净利率更高
SHOP
高出10.6%
9.6%
自由现金流更多
SHOP
多$222.5M
$492.5M
两年增速更快
SHOP
近两年复合增速
14.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.7B |
| 净利润 | $434.6M | $743.0M |
| 毛利率 | 19.7% | 46.1% |
| 营业利润率 | 12.7% | 17.2% |
| 净利率 | 9.6% | 20.2% |
| 营收同比 | 19.7% | 30.6% |
| 净利润同比 | 48.8% | -42.5% |
| 每股收益（稀释后） | $9.64 | $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EMESHOP
| Q4 25 | $4.5B | $3.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.3B | $2.7B | ||
| Q1 25 | $3.9B | $2.4B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.7B | $2.0B | ||
| Q1 24 | $3.4B | $1.9B |
净利润EMESHOP
| Q4 25 | $434.6M | $743.0M | ||
| Q3 25 | $295.4M | $264.0M | ||
| Q2 25 | $302.2M | $906.0M | ||
| Q1 25 | $240.7M | $-682.0M | ||
| Q4 24 | $292.2M | $1.3B | ||
| Q3 24 | $270.3M | $828.0M | ||
| Q2 24 | $247.6M | $171.0M | ||
| Q1 24 | $197.1M | $-273.0M |
毛利率EMESHOP
| Q4 25 | 19.7% | 46.1% | ||
| Q3 25 | 19.4% | 48.9% | ||
| Q2 25 | 19.4% | 48.6% | ||
| Q1 25 | 18.7% | 49.5% | ||
| Q4 24 | 20.1% | 48.1% | ||
| Q3 24 | 19.9% | 51.7% | ||
| Q2 24 | 18.7% | 51.1% | ||
| Q1 24 | 17.2% | 51.4% |
营业利润率EMESHOP
| Q4 25 | 12.7% | 17.2% | ||
| Q3 25 | 9.4% | 12.1% | ||
| Q2 25 | 9.6% | 10.9% | ||
| Q1 25 | 8.2% | 8.6% | ||
| Q4 24 | 10.3% | 16.5% | ||
| Q3 24 | 9.8% | 13.1% | ||
| Q2 24 | 9.1% | 11.8% | ||
| Q1 24 | 7.6% | 4.6% |
净利率EMESHOP
| Q4 25 | 9.6% | 20.2% | ||
| Q3 25 | 6.9% | 9.3% | ||
| Q2 25 | 7.0% | 33.8% | ||
| Q1 25 | 6.2% | -28.9% | ||
| Q4 24 | 7.7% | 46.0% | ||
| Q3 24 | 7.3% | 38.3% | ||
| Q2 24 | 6.8% | 8.4% | ||
| Q1 24 | 5.7% | -14.7% |
每股收益（稀释后）EMESHOP
| Q4 25 | $9.64 | $0.58 | ||
| Q3 25 | $6.57 | $0.20 | ||
| Q2 25 | $6.72 | $0.69 | ||
| Q1 25 | $5.26 | $-0.53 | ||
| Q4 24 | $6.30 | $0.99 | ||
| Q3 24 | $5.80 | $0.64 | ||
| Q2 24 | $5.25 | $0.13 | ||
| Q1 24 | $4.17 | $-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 | $1.1B | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $13.5B |
| 总资产 | $9.3B | $15.2B |
| 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EMESHOP
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $655.1M | $6.3B | ||
| Q2 25 | $486.0M | $5.8B | ||
| Q1 25 | $576.7M | $5.5B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $807.3M | — | ||
| Q1 24 | $841.0M | — |
股东权益EMESHOP
| Q4 25 | $3.7B | $13.5B | ||
| Q3 25 | $3.3B | $12.5B | ||
| Q2 25 | $3.1B | $12.1B | ||
| Q1 25 | $2.9B | $11.1B | ||
| Q4 24 | $2.9B | $11.6B | ||
| Q3 24 | $2.8B | $10.1B | ||
| Q2 24 | $2.7B | $9.2B | ||
| Q1 24 | $2.6B | $8.9B |
总资产EMESHOP
| Q4 25 | $9.3B | $15.2B | ||
| Q3 25 | $8.6B | $15.0B | ||
| Q2 25 | $8.4B | $14.6B | ||
| Q1 25 | $8.1B | $13.4B | ||
| Q4 24 | $7.7B | $13.9B | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $6.7B | — |
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 | $524.4M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $492.5M | $715.0M |
| 自由现金流率自由现金流/营收 | 10.9% | 19.5% |
| 资本支出强度资本支出/营收 | 0.7% | 0.3% |
| 现金转化率经营现金流/净利润 | 1.21× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $2.0B |
8季度趋势，按日历期对齐
经营现金流EMESHOP
| Q4 25 | $524.4M | $725.0M | ||
| Q3 25 | $475.5M | $513.0M | ||
| Q2 25 | $193.7M | $428.0M | ||
| Q1 25 | $108.5M | $367.0M | ||
| Q4 24 | $469.5M | $615.0M | ||
| Q3 24 | $526.4M | $423.0M | ||
| Q2 24 | $279.7M | $340.0M | ||
| Q1 24 | $132.3M | $238.0M |
自由现金流EMESHOP
| Q4 25 | $492.5M | $715.0M | ||
| Q3 25 | $448.8M | $507.0M | ||
| Q2 25 | $165.6M | $422.0M | ||
| Q1 25 | $82.3M | $363.0M | ||
| Q4 24 | $451.8M | $611.0M | ||
| Q3 24 | $508.7M | $421.0M | ||
| Q2 24 | $260.4M | $333.0M | ||
| Q1 24 | $112.0M | $232.0M |
自由现金流率EMESHOP
| Q4 25 | 10.9% | 19.5% | ||
| Q3 25 | 10.4% | 17.8% | ||
| Q2 25 | 3.8% | 15.7% | ||
| Q1 25 | 2.1% | 15.4% | ||
| Q4 24 | 12.0% | 21.7% | ||
| Q3 24 | 13.8% | 19.5% | ||
| Q2 24 | 7.1% | 16.3% | ||
| Q1 24 | 3.3% | 12.5% |
资本支出强度EMESHOP
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 0.6% | 0.2% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.5% | 0.3% | ||
| Q1 24 | 0.6% | 0.3% |
现金转化率EMESHOP
| Q4 25 | 1.21× | 0.98× | ||
| Q3 25 | 1.61× | 1.94× | ||
| Q2 25 | 0.64× | 0.47× | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 1.61× | 0.48× | ||
| Q3 24 | 1.95× | 0.51× | ||
| Q2 24 | 1.13× | 1.99× | ||
| Q1 24 | 0.67× | — |
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
EME
暂无分部数据
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
