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ETSY INC（ETSY）与Kimco Realty（KIM）财务数据对比。点击上方公司名可切换其他公司
ETSY INC的季度营收约是Kimco Realty的1.6倍（$881.6M vs $542.5M），Kimco Realty净利率更高（27.9% vs 12.6%，领先15.3%），ETSY INC同比增速更快（3.5% vs 3.2%），过去两年ETSY INC的营收复合增速更高（16.8% vs 3.8%）
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
Kimco Realty是总部位于美国纽约州杰里科的房地产投资信托企业，核心投资领域为购物中心类商业地产，在商业不动产投资及运营领域积累了深厚的行业经验与资源优势。
ETSY vs KIM — 直观对比
营收规模更大
ETSY
是对方的1.6倍
$542.5M
营收增速更快
ETSY
高出0.2%
3.2%
净利率更高
KIM
高出15.3%
12.6%
两年增速更快
ETSY
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $881.6M | $542.5M |
| 净利润 | $110.7M | $151.2M |
| 毛利率 | 73.1% | — |
| 营业利润率 | 14.7% | 36.4% |
| 净利率 | 12.6% | 27.9% |
| 营收同比 | 3.5% | 3.2% |
| 净利润同比 | -14.8% | -9.0% |
| 每股收益（稀释后） | $1.00 | — |
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ETSYKIM
| Q4 25 | $881.6M | $542.5M | ||
| Q3 25 | $678.0M | $535.9M | ||
| Q2 25 | $672.7M | $525.2M | ||
| Q1 25 | $651.2M | $536.6M | ||
| Q4 24 | $852.2M | $525.4M | ||
| Q3 24 | $662.4M | $507.6M | ||
| Q2 24 | $647.8M | $500.2M | ||
| Q1 24 | $646.0M | $503.8M |
净利润ETSYKIM
| Q4 25 | $110.7M | $151.2M | ||
| Q3 25 | $75.5M | $137.8M | ||
| Q2 25 | $28.8M | $163.0M | ||
| Q1 25 | $-52.1M | $132.8M | ||
| Q4 24 | $129.9M | $166.0M | ||
| Q3 24 | $57.4M | $136.0M | ||
| Q2 24 | $53.0M | $119.7M | ||
| Q1 24 | $63.0M | $-11.0M |
毛利率ETSYKIM
| Q4 25 | 73.1% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 70.5% | — | ||
| Q4 24 | 74.5% | — | ||
| Q3 24 | 72.0% | — | ||
| Q2 24 | 71.6% | — | ||
| Q1 24 | 71.0% | — |
营业利润率ETSYKIM
| Q4 25 | 14.7% | 36.4% | ||
| Q3 25 | 12.2% | 34.9% | ||
| Q2 25 | 11.4% | 39.2% | ||
| Q1 25 | -3.4% | 33.6% | ||
| Q4 24 | 18.2% | 31.7% | ||
| Q3 24 | 13.1% | 33.7% | ||
| Q2 24 | 10.8% | 32.1% | ||
| Q1 24 | 10.5% | 25.9% |
净利率ETSYKIM
| Q4 25 | 12.6% | 27.9% | ||
| Q3 25 | 11.1% | 25.7% | ||
| Q2 25 | 4.3% | 31.0% | ||
| Q1 25 | -8.0% | 24.8% | ||
| Q4 24 | 15.2% | 31.6% | ||
| Q3 24 | 8.7% | 26.8% | ||
| Q2 24 | 8.2% | 23.9% | ||
| Q1 24 | 9.8% | -2.2% |
每股收益（稀释后）ETSYKIM
| Q4 25 | $1.00 | — | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.25 | — | ||
| Q1 25 | $-0.49 | — | ||
| Q4 24 | $1.01 | — | ||
| Q3 24 | $0.45 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $0.48 | — |
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 | $211.6M |
| 总债务越低越好 | $2.3B | $7.7B |
| 股东权益账面价值 | $-1.1B | $10.4B |
| 总资产 | $2.8B | $19.7B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资ETSYKIM
| Q4 25 | $1.4B | $211.6M | ||
| Q3 25 | $1.2B | $159.3M | ||
| Q2 25 | $1.2B | $226.6M | ||
| Q1 25 | $649.2M | $131.3M | ||
| Q4 24 | $811.2M | $688.6M | ||
| Q3 24 | $818.9M | $789.0M | ||
| Q2 24 | $759.2M | $126.4M | ||
| Q1 24 | $788.8M | $133.4M |
总债务ETSYKIM
| Q4 25 | $2.3B | $7.7B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | $8.0B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益ETSYKIM
| Q4 25 | $-1.1B | $10.4B | ||
| Q3 25 | $-1.1B | $10.5B | ||
| Q2 25 | $-1.1B | $10.5B | ||
| Q1 25 | $-910.3M | $10.6B | ||
| Q4 24 | $-758.9M | $10.7B | ||
| Q3 24 | $-624.3M | $10.5B | ||
| Q2 24 | $-635.0M | $10.6B | ||
| Q1 24 | $-583.8M | $10.6B |
总资产ETSYKIM
| Q4 25 | $2.8B | $19.7B | ||
| Q3 25 | $2.7B | $19.9B | ||
| Q2 25 | $2.6B | $19.8B | ||
| Q1 25 | $2.1B | $19.7B | ||
| Q4 24 | $2.4B | $20.3B | ||
| Q3 24 | $2.4B | $20.1B | ||
| Q2 24 | $2.4B | $19.5B | ||
| Q1 24 | $2.5B | $19.5B |
负债/权益比ETSYKIM
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| 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 | $317.1M | $258.4M |
| 自由现金流经营现金流 - 资本支出 | $315.9M | — |
| 自由现金流率自由现金流/营收 | 35.8% | — |
| 资本支出强度资本支出/营收 | 0.1% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.86× | 1.71× |
| 过去12个月自由现金流最近4个季度 | $678.0M | — |
8季度趋势，按日历期对齐
经营现金流ETSYKIM
| Q4 25 | $317.1M | $258.4M | ||
| Q3 25 | $219.0M | $332.4M | ||
| Q2 25 | $108.1M | $305.4M | ||
| Q1 25 | $49.2M | $223.8M | ||
| Q4 24 | $315.0M | $239.5M | ||
| Q3 24 | $217.4M | $295.9M | ||
| Q2 24 | $151.1M | $294.1M | ||
| Q1 24 | $69.0M | $176.1M |
自由现金流ETSYKIM
| Q4 25 | $315.9M | — | ||
| Q3 25 | $215.0M | — | ||
| Q2 25 | $101.3M | — | ||
| Q1 25 | $45.9M | $205.4M | ||
| Q4 24 | $310.9M | — | ||
| Q3 24 | $213.2M | — | ||
| Q2 24 | $147.4M | — | ||
| Q1 24 | $66.8M | — |
自由现金流率ETSYKIM
| Q4 25 | 35.8% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 7.1% | 38.3% | ||
| Q4 24 | 36.5% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 10.3% | — |
资本支出强度ETSYKIM
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.6% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 0.5% | 3.4% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.3% | — |
现金转化率ETSYKIM
| Q4 25 | 2.86× | 1.71× | ||
| Q3 25 | 2.90× | 2.41× | ||
| Q2 25 | 3.75× | 1.87× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | 2.42× | 1.44× | ||
| Q3 24 | 3.79× | 2.18× | ||
| Q2 24 | 2.85× | 2.46× | ||
| Q1 24 | 1.10× | — |
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
ETSY
| Marketplace Revenue | $612.4M | 69% |
| Services Revenue | $269.2M | 31% |
KIM
暂无分部数据
