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ETSY INC（ETSY）与Revolve Group, Inc.（RVLV）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Revolve Group, Inc.的2.7倍（$881.6M vs $324.4M），ETSY INC净利率更高（12.6% vs 5.7%，领先6.8%），Revolve Group, Inc.同比增速更快（10.4% vs 3.5%），ETSY INC自由现金流更多（$315.9M vs $-13.3M），过去两年ETSY INC的营收复合增速更高（16.8% vs 9.5%）
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。
Revolve Theatre Company是总部位于英国泰晤士河畔亨利的剧团，专注于创作演出政治题材和莎士比亚系列戏剧作品，由奥利弗·登奇、乔·莫里斯与汤姆·史密斯共同创立运营。
ETSY vs RVLV — 直观对比
营收规模更大
ETSY
是对方的2.7倍
$324.4M
营收增速更快
RVLV
高出7.0%
3.5%
净利率更高
ETSY
高出6.8%
5.7%
自由现金流更多
ETSY
多$329.1M
$-13.3M
两年增速更快
ETSY
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $881.6M | $324.4M |
| 净利润 | $110.7M | $18.6M |
| 毛利率 | 73.1% | 53.3% |
| 营业利润率 | 14.7% | 6.3% |
| 净利率 | 12.6% | 5.7% |
| 营收同比 | 3.5% | 10.4% |
| 净利润同比 | -14.8% | 50.4% |
| 每股收益（稀释后） | $1.00 | $0.27 |
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ETSYRVLV
| Q4 25 | $881.6M | $324.4M | ||
| Q3 25 | $678.0M | $295.6M | ||
| Q2 25 | $672.7M | $309.0M | ||
| Q1 25 | $651.2M | $296.7M | ||
| Q4 24 | $852.2M | $293.7M | ||
| Q3 24 | $662.4M | $283.1M | ||
| Q2 24 | $647.8M | $282.5M | ||
| Q1 24 | $646.0M | $270.6M |
净利润ETSYRVLV
| Q4 25 | $110.7M | $18.6M | ||
| Q3 25 | $75.5M | $21.2M | ||
| Q2 25 | $28.8M | $10.2M | ||
| Q1 25 | $-52.1M | $11.8M | ||
| Q4 24 | $129.9M | $12.3M | ||
| Q3 24 | $57.4M | $11.0M | ||
| Q2 24 | $53.0M | $15.4M | ||
| Q1 24 | $63.0M | $10.9M |
毛利率ETSYRVLV
| Q4 25 | 73.1% | 53.3% | ||
| Q3 25 | 71.3% | 54.6% | ||
| Q2 25 | 71.2% | 54.1% | ||
| Q1 25 | 70.5% | 52.0% | ||
| Q4 24 | 74.5% | 52.5% | ||
| Q3 24 | 72.0% | 51.2% | ||
| Q2 24 | 71.6% | 54.0% | ||
| Q1 24 | 71.0% | 52.3% |
营业利润率ETSYRVLV
| Q4 25 | 14.7% | 6.3% | ||
| Q3 25 | 12.2% | 7.1% | ||
| Q2 25 | 11.4% | 5.8% | ||
| Q1 25 | -3.4% | 5.0% | ||
| Q4 24 | 18.2% | 3.9% | ||
| Q3 24 | 13.1% | 5.0% | ||
| Q2 24 | 10.8% | 5.8% | ||
| Q1 24 | 10.5% | 3.4% |
净利率ETSYRVLV
| Q4 25 | 12.6% | 5.7% | ||
| Q3 25 | 11.1% | 7.2% | ||
| Q2 25 | 4.3% | 3.3% | ||
| Q1 25 | -8.0% | 4.0% | ||
| Q4 24 | 15.2% | 4.2% | ||
| Q3 24 | 8.7% | 3.9% | ||
| Q2 24 | 8.2% | 5.4% | ||
| Q1 24 | 9.8% | 4.0% |
每股收益（稀释后）ETSYRVLV
| Q4 25 | $1.00 | $0.27 | ||
| Q3 25 | $0.63 | $0.29 | ||
| Q2 25 | $0.25 | $0.14 | ||
| Q1 25 | $-0.49 | $0.16 | ||
| Q4 24 | $1.01 | $0.18 | ||
| Q3 24 | $0.45 | $0.15 | ||
| Q2 24 | $0.41 | $0.21 | ||
| Q1 24 | $0.48 | $0.15 |
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 | $292.3M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $-1.1B | $512.5M |
| 总资产 | $2.8B | $765.0M |
| 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ETSYRVLV
| Q4 25 | $1.4B | $292.3M | ||
| Q3 25 | $1.2B | $315.4M | ||
| Q2 25 | $1.2B | $310.7M | ||
| Q1 25 | $649.2M | $300.8M | ||
| Q4 24 | $811.2M | $256.6M | ||
| Q3 24 | $818.9M | $252.8M | ||
| Q2 24 | $759.2M | $244.7M | ||
| Q1 24 | $788.8M | $273.4M |
总债务ETSYRVLV
| 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 | — | ||
| Q1 24 | $2.3B | — |
股东权益ETSYRVLV
| Q4 25 | $-1.1B | $512.5M | ||
| Q3 25 | $-1.1B | $490.2M | ||
| Q2 25 | $-1.1B | $468.6M | ||
| Q1 25 | $-910.3M | $453.4M | ||
| Q4 24 | $-758.9M | $437.8M | ||
| Q3 24 | $-624.3M | $420.8M | ||
| Q2 24 | $-635.0M | $405.8M | ||
| Q1 24 | $-583.8M | $389.9M |
总资产ETSYRVLV
| Q4 25 | $2.8B | $765.0M | ||
| Q3 25 | $2.7B | $751.3M | ||
| Q2 25 | $2.6B | $722.9M | ||
| Q1 25 | $2.1B | $713.9M | ||
| Q4 24 | $2.4B | $665.5M | ||
| Q3 24 | $2.4B | $670.9M | ||
| Q2 24 | $2.4B | $657.8M | ||
| Q1 24 | $2.5B | $650.0M |
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 | $-10.2M |
| 自由现金流经营现金流 - 资本支出 | $315.9M | $-13.3M |
| 自由现金流率自由现金流/营收 | 35.8% | -4.1% |
| 资本支出强度资本支出/营收 | 0.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.86× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $678.0M | $48.0M |
8季度趋势，按日历期对齐
经营现金流ETSYRVLV
| Q4 25 | $317.1M | $-10.2M | ||
| Q3 25 | $219.0M | $11.8M | ||
| Q2 25 | $108.1M | $12.6M | ||
| Q1 25 | $49.2M | $45.1M | ||
| Q4 24 | $315.0M | $3.9M | ||
| Q3 24 | $217.4M | $9.1M | ||
| Q2 24 | $151.1M | $-24.7M | ||
| Q1 24 | $69.0M | $38.4M |
自由现金流ETSYRVLV
| Q4 25 | $315.9M | $-13.3M | ||
| Q3 25 | $215.0M | $7.5M | ||
| Q2 25 | $101.3M | $10.4M | ||
| Q1 25 | $45.9M | $43.4M | ||
| Q4 24 | $310.9M | $2.1M | ||
| Q3 24 | $213.2M | $8.0M | ||
| Q2 24 | $147.4M | $-25.7M | ||
| Q1 24 | $66.8M | $36.7M |
自由现金流率ETSYRVLV
| Q4 25 | 35.8% | -4.1% | ||
| Q3 25 | 31.7% | 2.5% | ||
| Q2 25 | 15.1% | 3.4% | ||
| Q1 25 | 7.1% | 14.6% | ||
| Q4 24 | 36.5% | 0.7% | ||
| Q3 24 | 32.2% | 2.8% | ||
| Q2 24 | 22.8% | -9.1% | ||
| Q1 24 | 10.3% | 13.5% |
资本支出强度ETSYRVLV
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.6% | 1.5% | ||
| Q2 25 | 1.0% | 0.7% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | 0.5% | 0.6% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 0.3% | 0.6% |
现金转化率ETSYRVLV
| Q4 25 | 2.86× | -0.55× | ||
| Q3 25 | 2.90× | 0.56× | ||
| Q2 25 | 3.75× | 1.24× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | 2.42× | 0.32× | ||
| Q3 24 | 3.79× | 0.83× | ||
| Q2 24 | 2.85× | -1.60× | ||
| Q1 24 | 1.10× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
