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FactSet（FDS）与Shift4 Payments, Inc.（FOUR）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是FactSet的2.0倍（$1.2B vs $607.6M），FactSet净利率更高（25.1% vs 3.4%，领先21.7%），Shift4 Payments, Inc.同比增速更快（34.0% vs 6.9%），Shift4 Payments, Inc.自由现金流更多（$222.5M vs $90.4M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 5.5%）
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
FDS vs FOUR — 直观对比
营收规模更大
FOUR
是对方的2.0倍
$607.6M
营收增速更快
FOUR
高出27.2%
6.9%
净利率更高
FDS
高出21.7%
3.4%
自由现金流更多
FOUR
多$132.1M
$90.4M
两年增速更快
FOUR
近两年复合增速
5.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $1.2B |
| 净利润 | $152.6M | $40.2M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 31.6% | 10.8% |
| 净利率 | 25.1% | 3.4% |
| 营收同比 | 6.9% | 34.0% |
| 净利润同比 | 1.7% | -65.3% |
| 每股收益（稀释后） | $4.06 | — |
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FDSFOUR
| Q4 25 | $607.6M | $1.2B | ||
| Q3 25 | $596.9M | $1.2B | ||
| Q2 25 | $585.5M | $966.2M | ||
| Q1 25 | $570.7M | $848.3M | ||
| Q4 24 | $568.7M | $887.0M | ||
| Q3 24 | $562.2M | $909.2M | ||
| Q2 24 | $552.7M | $827.0M | ||
| Q1 24 | $545.9M | $707.4M |
净利润FDSFOUR
| Q4 25 | $152.6M | $40.2M | ||
| Q3 25 | $153.6M | $28.1M | ||
| Q2 25 | $148.5M | $34.0M | ||
| Q1 25 | $144.9M | $16.7M | ||
| Q4 24 | $150.0M | $116.0M | ||
| Q3 24 | $89.5M | $53.8M | ||
| Q2 24 | $158.1M | $39.2M | ||
| Q1 24 | $140.9M | $20.6M |
毛利率FDSFOUR
| Q4 25 | 52.6% | — | ||
| Q3 25 | 51.6% | — | ||
| Q2 25 | 52.1% | — | ||
| Q1 25 | 52.8% | — | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 54.1% | — | ||
| Q2 24 | 55.3% | — | ||
| Q1 24 | 53.3% | — |
营业利润率FDSFOUR
| Q4 25 | 31.6% | 10.8% | ||
| Q3 25 | 29.7% | 9.7% | ||
| Q2 25 | 33.2% | 8.6% | ||
| Q1 25 | 32.5% | 3.0% | ||
| Q4 24 | 33.6% | 9.7% | ||
| Q3 24 | 22.7% | 8.8% | ||
| Q2 24 | 36.6% | 7.2% | ||
| Q1 24 | 33.3% | 3.0% |
净利率FDSFOUR
| Q4 25 | 25.1% | 3.4% | ||
| Q3 25 | 25.7% | 2.4% | ||
| Q2 25 | 25.4% | 3.5% | ||
| Q1 25 | 25.4% | 2.0% | ||
| Q4 24 | 26.4% | 13.1% | ||
| Q3 24 | 15.9% | 5.9% | ||
| Q2 24 | 28.6% | 4.7% | ||
| Q1 24 | 25.8% | 2.9% |
每股收益（稀释后）FDSFOUR
| Q4 25 | $4.06 | — | ||
| Q3 25 | $4.03 | — | ||
| Q2 25 | $3.87 | — | ||
| Q1 25 | $3.76 | — | ||
| Q4 24 | $3.89 | — | ||
| Q3 24 | $2.33 | — | ||
| Q2 24 | $4.09 | — | ||
| Q1 24 | $3.65 | — |
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 | $292.7M | $964.0M |
| 总债务越低越好 | $1.4B | $4.5B |
| 股东权益账面价值 | $2.2B | $1.4B |
| 总资产 | $4.2B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.63× | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资FDSFOUR
| Q4 25 | $292.7M | $964.0M | ||
| Q3 25 | $355.1M | $1.5B | ||
| Q2 25 | $364.0M | $3.0B | ||
| Q1 25 | $287.0M | $1.2B | ||
| Q4 24 | $358.8M | $1.2B | ||
| Q3 24 | $492.6M | $1.4B | ||
| Q2 24 | $522.0M | $205.0M | ||
| Q1 24 | $450.2M | $522.9M |
总债务FDSFOUR
| Q4 25 | $1.4B | $4.5B | ||
| Q3 25 | $1.4B | $4.7B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益FDSFOUR
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $805.2M | ||
| Q4 24 | $2.0B | $806.6M | ||
| Q3 24 | $1.9B | $811.8M | ||
| Q2 24 | $1.9B | $700.8M | ||
| Q1 24 | $1.8B | $674.5M |
总资产FDSFOUR
| Q4 25 | $4.2B | $8.7B | ||
| Q3 25 | $4.3B | $9.0B | ||
| Q2 25 | $4.3B | $7.0B | ||
| Q1 25 | $4.2B | $5.0B | ||
| Q4 24 | $4.0B | $5.0B | ||
| Q3 24 | $4.1B | $5.0B | ||
| Q2 24 | $4.0B | $3.5B | ||
| Q1 24 | $4.0B | $3.4B |
负债/权益比FDSFOUR
| Q4 25 | 0.63× | 3.15× | ||
| Q3 25 | 0.63× | 2.83× | ||
| Q2 25 | 0.66× | 2.34× | ||
| Q1 25 | 0.72× | 3.53× | ||
| Q4 24 | 0.68× | 3.52× | ||
| Q3 24 | 0.71× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $121.3M | $223.7M |
| 自由现金流经营现金流 - 资本支出 | $90.4M | $222.5M |
| 自由现金流率自由现金流/营收 | 14.9% | 18.7% |
| 资本支出强度资本支出/营收 | 5.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.79× | 5.56× |
| 过去12个月自由现金流最近4个季度 | $647.4M | $624.0M |
8季度趋势，按日历期对齐
经营现金流FDSFOUR
| Q4 25 | $121.3M | $223.7M | ||
| Q3 25 | $212.1M | $171.8M | ||
| Q2 25 | $253.8M | $141.9M | ||
| Q1 25 | $174.0M | $96.6M | ||
| Q4 24 | $86.4M | $145.4M | ||
| Q3 24 | $163.2M | $182.1M | ||
| Q2 24 | $238.2M | $116.1M | ||
| Q1 24 | $143.8M | $56.7M |
自由现金流FDSFOUR
| Q4 25 | $90.4M | $222.5M | ||
| Q3 25 | $178.1M | $165.4M | ||
| Q2 25 | $228.6M | $141.0M | ||
| Q1 25 | $150.2M | $95.1M | ||
| Q4 24 | $60.5M | $143.8M | ||
| Q3 24 | $137.2M | $180.1M | ||
| Q2 24 | $216.9M | $113.9M | ||
| Q1 24 | $121.9M | $55.4M |
自由现金流率FDSFOUR
| Q4 25 | 14.9% | 18.7% | ||
| Q3 25 | 29.8% | 14.1% | ||
| Q2 25 | 39.0% | 14.6% | ||
| Q1 25 | 26.3% | 11.2% | ||
| Q4 24 | 10.6% | 16.2% | ||
| Q3 24 | 24.4% | 19.8% | ||
| Q2 24 | 39.2% | 13.8% | ||
| Q1 24 | 22.3% | 7.8% |
资本支出强度FDSFOUR
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 5.7% | 0.5% | ||
| Q2 25 | 4.3% | 0.1% | ||
| Q1 25 | 4.2% | 0.2% | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | 4.6% | 0.2% | ||
| Q2 24 | 3.9% | 0.3% | ||
| Q1 24 | 4.0% | 0.2% |
现金转化率FDSFOUR
| Q4 25 | 0.79× | 5.56× | ||
| Q3 25 | 1.38× | 6.11× | ||
| Q2 25 | 1.71× | 4.17× | ||
| Q1 25 | 1.20× | 5.78× | ||
| Q4 24 | 0.58× | 1.25× | ||
| Q3 24 | 1.82× | 3.38× | ||
| Q2 24 | 1.51× | 2.96× | ||
| Q1 24 | 1.02× | 2.75× |
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
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
