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ETSY INC（ETSY）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.3倍（$831.5M vs $663.0M），Reddit, Inc.净利率更高（30.8% vs 12.6%，领先18.2%），Reddit, Inc.同比增速更快（69.0% vs 7.6%），ETSY INC自由现金流更多（$671.2M vs $311.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 13.3%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
ETSY vs RDDT — 直观对比
营收规模更大
ETSY
是对方的1.3倍
$663.0M
营收增速更快
RDDT
高出61.4%
7.6%
净利率更高
RDDT
高出18.2%
12.6%
自由现金流更多
ETSY
多$360.2M
$311.0M
两年增速更快
RDDT
近两年复合增速
13.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $831.5M | $663.0M |
| 净利润 | $104.7M | $204.0M |
| 毛利率 | 54.8% | 100.0% |
| 营业利润率 | 59.6% | 0.0% |
| 净利率 | 12.6% | 30.8% |
| 营收同比 | 7.6% | 69.0% |
| 净利润同比 | 398.3% | 680.0% |
| 每股收益（稀释后） | $0.89 | $1.01 |
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ETSYRDDT
| Q1 26 | $831.5M | $663.0M | ||
| Q4 25 | $881.6M | $725.6M | ||
| Q3 25 | $678.0M | $584.9M | ||
| Q2 25 | $672.7M | $499.6M | ||
| Q1 25 | $651.2M | $392.4M | ||
| Q4 24 | $852.2M | $427.7M | ||
| Q3 24 | $662.4M | $348.4M | ||
| Q2 24 | $647.8M | $281.2M |
净利润ETSYRDDT
| Q1 26 | $104.7M | $204.0M | ||
| Q4 25 | $110.7M | $251.6M | ||
| Q3 25 | $75.5M | $162.7M | ||
| Q2 25 | $28.8M | $89.3M | ||
| Q1 25 | $-52.1M | $26.2M | ||
| Q4 24 | $129.9M | $71.0M | ||
| Q3 24 | $57.4M | $29.9M | ||
| Q2 24 | $53.0M | $-10.1M |
毛利率ETSYRDDT
| Q1 26 | 54.8% | 100.0% | ||
| Q4 25 | 73.1% | 91.9% | ||
| Q3 25 | 71.3% | 91.0% | ||
| Q2 25 | 71.2% | 90.8% | ||
| Q1 25 | 70.5% | 90.5% | ||
| Q4 24 | 74.5% | 92.6% | ||
| Q3 24 | 72.0% | 90.1% | ||
| Q2 24 | 71.6% | 89.5% |
营业利润率ETSYRDDT
| Q1 26 | 59.6% | 0.0% | ||
| Q4 25 | 14.7% | 31.9% | ||
| Q3 25 | 12.2% | 23.7% | ||
| Q2 25 | 11.4% | 13.6% | ||
| Q1 25 | -3.4% | 1.0% | ||
| Q4 24 | 18.2% | 12.4% | ||
| Q3 24 | 13.1% | 2.0% | ||
| Q2 24 | 10.8% | -11.0% |
净利率ETSYRDDT
| Q1 26 | 12.6% | 30.8% | ||
| Q4 25 | 12.6% | 34.7% | ||
| Q3 25 | 11.1% | 27.8% | ||
| Q2 25 | 4.3% | 17.9% | ||
| Q1 25 | -8.0% | 6.7% | ||
| Q4 24 | 15.2% | 16.6% | ||
| Q3 24 | 8.7% | 8.6% | ||
| Q2 24 | 8.2% | -3.6% |
每股收益（稀释后）ETSYRDDT
| Q1 26 | $0.89 | $1.01 | ||
| Q4 25 | $1.00 | $1.24 | ||
| Q3 25 | $0.63 | $0.80 | ||
| Q2 25 | $0.25 | $0.45 | ||
| Q1 25 | $-0.49 | $0.13 | ||
| Q4 24 | $1.01 | $4.76 | ||
| Q3 24 | $0.45 | $0.16 | ||
| Q2 24 | $0.41 | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.2B |
| 总资产 | $2.7B | $3.5B |
| 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ETSYRDDT
| Q1 26 | $1.4B | $1.4B | ||
| Q4 25 | $1.4B | $953.6M | ||
| Q3 25 | $1.2B | $911.7M | ||
| Q2 25 | $1.2B | $734.1M | ||
| Q1 25 | $649.2M | $635.7M | ||
| Q4 24 | $811.2M | $562.1M | ||
| Q3 24 | $818.9M | $515.9M | ||
| Q2 24 | $759.2M | $468.0M |
总债务ETSYRDDT
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益ETSYRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $-1.1B | $2.9B | ||
| Q3 25 | $-1.1B | $2.6B | ||
| Q2 25 | $-1.1B | $2.4B | ||
| Q1 25 | $-910.3M | $2.2B | ||
| Q4 24 | $-758.9M | $2.1B | ||
| Q3 24 | $-624.3M | $2.0B | ||
| Q2 24 | $-635.0M | $1.9B |
总资产ETSYRDDT
| Q1 26 | $2.7B | $3.5B | ||
| Q4 25 | $2.8B | $3.2B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.4B | $2.1B |
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 | $725.0M | — |
| 自由现金流经营现金流 - 资本支出 | $671.2M | $311.0M |
| 自由现金流率自由现金流/营收 | 80.7% | 46.9% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 6.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $868.6M |
8季度趋势，按日历期对齐
经营现金流ETSYRDDT
| Q1 26 | $725.0M | — | ||
| Q4 25 | $317.1M | $266.8M | ||
| Q3 25 | $219.0M | $185.2M | ||
| Q2 25 | $108.1M | $111.3M | ||
| Q1 25 | $49.2M | $127.6M | ||
| Q4 24 | $315.0M | $90.0M | ||
| Q3 24 | $217.4M | $71.6M | ||
| Q2 24 | $151.1M | $28.4M |
自由现金流ETSYRDDT
| Q1 26 | $671.2M | $311.0M | ||
| Q4 25 | $315.9M | $263.6M | ||
| Q3 25 | $215.0M | $183.1M | ||
| Q2 25 | $101.3M | $110.8M | ||
| Q1 25 | $45.9M | $126.6M | ||
| Q4 24 | $310.9M | $89.2M | ||
| Q3 24 | $213.2M | $70.3M | ||
| Q2 24 | $147.4M | $27.2M |
自由现金流率ETSYRDDT
| Q1 26 | 80.7% | 46.9% | ||
| Q4 25 | 35.8% | 36.3% | ||
| Q3 25 | 31.7% | 31.3% | ||
| Q2 25 | 15.1% | 22.2% | ||
| Q1 25 | 7.1% | 32.3% | ||
| Q4 24 | 36.5% | 20.8% | ||
| Q3 24 | 32.2% | 20.2% | ||
| Q2 24 | 22.8% | 9.7% |
资本支出强度ETSYRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.6% | 0.4% | ||
| Q2 25 | 1.0% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.6% | 0.4% |
现金转化率ETSYRDDT
| Q1 26 | 6.93× | — | ||
| Q4 25 | 2.86× | 1.06× | ||
| Q3 25 | 2.90× | 1.14× | ||
| Q2 25 | 3.75× | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 2.42× | 1.27× | ||
| Q3 24 | 3.79× | 2.40× | ||
| Q2 24 | 2.85× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
