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Elastic N.V.（ESTC）与QUINSTREET, INC（QNST）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是QUINSTREET, INC的1.5倍（$423.5M vs $287.8M），QUINSTREET, INC净利率更高（17.4% vs -12.1%，领先29.6%），Elastic N.V.同比增速更快（15.9% vs 1.9%），Elastic N.V.自由现金流更多（$26.0M vs $20.7M），过去两年QUINSTREET, INC的营收复合增速更高（53.2% vs 13.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
QuinStreet是一家总部位于美国加利福尼亚州福斯特城的上市网络营销企业，核心业务围绕优质域名资源展开，通过收储热门域名帮助客户获取流量，实现营销增长目标。
ESTC vs QNST — 直观对比
营收规模更大
ESTC
是对方的1.5倍
$287.8M
营收增速更快
ESTC
高出14.1%
1.9%
净利率更高
QNST
高出29.6%
-12.1%
自由现金流更多
ESTC
多$5.3M
$20.7M
两年增速更快
QNST
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $287.8M |
| 净利润 | $-51.3M | $50.2M |
| 毛利率 | 75.9% | 9.6% |
| 营业利润率 | -1.9% | 0.4% |
| 净利率 | -12.1% | 17.4% |
| 营收同比 | 15.9% | 1.9% |
| 净利润同比 | -101.5% | 3342.5% |
| 每股收益（稀释后） | $-0.48 | $0.87 |
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ESTCQNST
| Q4 25 | $423.5M | $287.8M | ||
| Q3 25 | $415.3M | $285.9M | ||
| Q2 25 | $388.4M | — | ||
| Q1 25 | $382.1M | $269.8M | ||
| Q4 24 | $365.4M | $282.6M | ||
| Q3 24 | $347.4M | $279.2M | ||
| Q2 24 | $335.0M | $198.3M | ||
| Q1 24 | $328.0M | $168.6M |
净利润ESTCQNST
| Q4 25 | $-51.3M | $50.2M | ||
| Q3 25 | $-24.6M | $4.5M | ||
| Q2 25 | $-16.4M | — | ||
| Q1 25 | $-17.1M | $4.4M | ||
| Q4 24 | $-25.4M | $-1.5M | ||
| Q3 24 | $-49.2M | $-1.4M | ||
| Q2 24 | $-41.1M | $-2.2M | ||
| Q1 24 | $176.1M | $-7.0M |
毛利率ESTCQNST
| Q4 25 | 75.9% | 9.6% | ||
| Q3 25 | 76.7% | 9.4% | ||
| Q2 25 | 74.8% | — | ||
| Q1 25 | 74.6% | 10.3% | ||
| Q4 24 | 74.5% | 9.5% | ||
| Q3 24 | 73.6% | 10.2% | ||
| Q2 24 | 73.8% | 8.8% | ||
| Q1 24 | 74.2% | 8.5% |
营业利润率ESTCQNST
| Q4 25 | -1.9% | 0.4% | ||
| Q3 25 | -2.3% | 1.7% | ||
| Q2 25 | -3.1% | — | ||
| Q1 25 | -1.2% | 1.8% | ||
| Q4 24 | -1.2% | -0.5% | ||
| Q3 24 | -9.7% | -0.4% | ||
| Q2 24 | -13.6% | -0.7% | ||
| Q1 24 | -8.1% | -3.2% |
净利率ESTCQNST
| Q4 25 | -12.1% | 17.4% | ||
| Q3 25 | -5.9% | 1.6% | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -4.5% | 1.6% | ||
| Q4 24 | -7.0% | -0.5% | ||
| Q3 24 | -14.2% | -0.5% | ||
| Q2 24 | -12.3% | -1.1% | ||
| Q1 24 | 53.7% | -4.2% |
每股收益（稀释后）ESTCQNST
| Q4 25 | $-0.48 | $0.87 | ||
| Q3 25 | $-0.23 | $0.08 | ||
| Q2 25 | $-0.15 | — | ||
| Q1 25 | $-0.16 | $0.08 | ||
| Q4 24 | $-0.25 | $-0.03 | ||
| Q3 24 | $-0.48 | $-0.02 | ||
| Q2 24 | $-0.35 | $-0.04 | ||
| Q1 24 | $1.69 | $-0.13 |
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 | $1.4B | $107.0M |
| 总债务越低越好 | $570.3M | — |
| 股东权益账面价值 | $891.1M | $294.4M |
| 总资产 | $2.5B | $493.0M |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资ESTCQNST
| Q4 25 | $1.4B | $107.0M | ||
| Q3 25 | $1.5B | $101.3M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $584.0M | $81.8M | ||
| Q4 24 | $658.5M | $57.8M | ||
| Q3 24 | $594.9M | $25.0M | ||
| Q2 24 | $1.1B | $50.5M | ||
| Q1 24 | $526.9M | $39.6M |
总债务ESTCQNST
| Q4 25 | $570.3M | — | ||
| Q3 25 | $570.0M | — | ||
| Q2 25 | $569.7M | — | ||
| Q1 25 | $569.4M | — | ||
| Q4 24 | $569.2M | — | ||
| Q3 24 | $568.9M | — | ||
| Q2 24 | $568.6M | — | ||
| Q1 24 | $568.3M | — |
股东权益ESTCQNST
| Q4 25 | $891.1M | $294.4M | ||
| Q3 25 | $971.4M | $246.7M | ||
| Q2 25 | $927.2M | — | ||
| Q1 25 | $859.1M | $235.5M | ||
| Q4 24 | $811.5M | $224.3M | ||
| Q3 24 | $759.4M | $219.8M | ||
| Q2 24 | $738.2M | $216.8M | ||
| Q1 24 | $707.8M | $215.0M |
总资产ESTCQNST
| Q4 25 | $2.5B | $493.0M | ||
| Q3 25 | $2.5B | $442.6M | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.3B | $417.2M | ||
| Q4 24 | $2.2B | $409.6M | ||
| Q3 24 | $2.2B | $401.2M | ||
| Q2 24 | $2.2B | $368.5M | ||
| Q1 24 | $2.1B | $349.3M |
负债/权益比ESTCQNST
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 0.80× | — |
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 | $26.6M | $21.6M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $20.7M |
| 自由现金流率自由现金流/营收 | 6.1% | 7.2% |
| 资本支出强度资本支出/营收 | 0.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.43× |
| 过去12个月自由现金流最近4个季度 | $302.3M | $106.9M |
8季度趋势，按日历期对齐
经营现金流ESTCQNST
| Q4 25 | $26.6M | $21.6M | ||
| Q3 25 | $104.8M | $19.6M | ||
| Q2 25 | $87.0M | — | ||
| Q1 25 | $88.1M | $30.1M | ||
| Q4 24 | $38.4M | $38.7M | ||
| Q3 24 | $52.8M | $-13.7M | ||
| Q2 24 | $60.9M | $16.6M | ||
| Q1 24 | $52.4M | $4.1M |
自由现金流ESTCQNST
| Q4 25 | $26.0M | $20.7M | ||
| Q3 25 | $104.2M | $18.4M | ||
| Q2 25 | $84.9M | — | ||
| Q1 25 | $87.3M | $29.5M | ||
| Q4 24 | $37.7M | $38.2M | ||
| Q3 24 | $52.0M | $-14.1M | ||
| Q2 24 | $60.1M | $15.4M | ||
| Q1 24 | $51.3M | $2.9M |
自由现金流率ESTCQNST
| Q4 25 | 6.1% | 7.2% | ||
| Q3 25 | 25.1% | 6.4% | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 22.8% | 10.9% | ||
| Q4 24 | 10.3% | 13.5% | ||
| Q3 24 | 15.0% | -5.1% | ||
| Q2 24 | 17.9% | 7.8% | ||
| Q1 24 | 15.6% | 1.7% |
资本支出强度ESTCQNST
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 0.2% | 0.4% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率ESTCQNST
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 6.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.30× | — |
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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
