vs
FactSet（FDS）与艾玛迪斯（GDS）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是艾玛迪斯的1.5倍（$607.6M vs $405.6M），FactSet净利率更高（25.1% vs -0.1%，领先25.2%），FactSet自由现金流更多（$90.4M vs $-96.3M）
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。
西班牙跨国科技企业艾玛迪斯是全球领先的旅游技术服务商，面向航空、酒店、旅行社等各类旅游相关企业提供定制化软件解决方案，业务覆盖全球市场，助力旅游行业客户优化运营效率、提升服务体验。
FDS vs GDS — 直观对比
营收规模更大
FDS
是对方的1.5倍
$405.6M
净利率更高
FDS
高出25.2%
-0.1%
自由现金流更多
FDS
多$186.7M
$-96.3M
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $405.6M |
| 净利润 | $152.6M | $-373.0K |
| 毛利率 | 52.6% | 22.1% |
| 营业利润率 | 31.6% | — |
| 净利率 | 25.1% | -0.1% |
| 营收同比 | 6.9% | — |
| 净利润同比 | 1.7% | — |
| 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FDSGDS
| Q4 25 | $607.6M | — | ||
| Q3 25 | $596.9M | $405.6M | ||
| Q2 25 | $585.5M | $404.9M | ||
| Q1 25 | $570.7M | $375.3M | ||
| Q4 24 | $568.7M | — | ||
| Q3 24 | $562.2M | $422.6M | ||
| Q2 24 | $552.7M | $388.9M | ||
| Q1 24 | $545.9M | $363.9M |
净利润FDSGDS
| Q4 25 | $152.6M | — | ||
| Q3 25 | $153.6M | $-373.0K | ||
| Q2 25 | $148.5M | $-240.0K | ||
| Q1 25 | $144.9M | $-145.0K | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $89.5M | $-32.9M | ||
| Q2 24 | $158.1M | $-31.9M | ||
| Q1 24 | $140.9M | $-47.8M |
毛利率FDSGDS
| Q4 25 | 52.6% | — | ||
| Q3 25 | 51.6% | 22.1% | ||
| Q2 25 | 52.1% | 23.8% | ||
| Q1 25 | 52.8% | 23.7% | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 54.1% | 22.2% | ||
| Q2 24 | 55.3% | 22.6% | ||
| Q1 24 | 53.3% | 21.8% |
营业利润率FDSGDS
| Q4 25 | 31.6% | — | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 33.2% | — | ||
| Q1 25 | 32.5% | — | ||
| Q4 24 | 33.6% | — | ||
| Q3 24 | 22.7% | 10.8% | ||
| Q2 24 | 36.6% | 11.2% | ||
| Q1 24 | 33.3% | 8.3% |
净利率FDSGDS
| Q4 25 | 25.1% | — | ||
| Q3 25 | 25.7% | -0.1% | ||
| Q2 25 | 25.4% | -0.1% | ||
| Q1 25 | 25.4% | -0.0% | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 15.9% | -7.8% | ||
| Q2 24 | 28.6% | -8.2% | ||
| Q1 24 | 25.8% | -13.1% |
每股收益（稀释后）FDSGDS
| 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 | — |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $2.2B | $3.6B |
| 总资产 | $4.2B | $11.0B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资FDSGDS
| Q4 25 | $292.7M | — | ||
| Q3 25 | $355.1M | — | ||
| Q2 25 | $364.0M | — | ||
| Q1 25 | $287.0M | — | ||
| Q4 24 | $358.8M | — | ||
| Q3 24 | $492.6M | — | ||
| Q2 24 | $522.0M | — | ||
| Q1 24 | $450.2M | — |
总债务FDSGDS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
股东权益FDSGDS
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $3.6B | ||
| Q2 25 | $2.2B | $3.4B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $1.9B | $2.6B | ||
| Q1 24 | $1.8B | $2.6B |
总资产FDSGDS
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.3B | $11.0B | ||
| Q2 25 | $4.3B | $11.1B | ||
| Q1 25 | $4.2B | $10.1B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | $11.7B | ||
| Q2 24 | $4.0B | $10.9B | ||
| Q1 24 | $4.0B | $10.5B |
负债/权益比FDSGDS
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.68× | — | ||
| 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 | $103.5M |
| 自由现金流经营现金流 - 资本支出 | $90.4M | $-96.3M |
| 自由现金流率自由现金流/营收 | 14.9% | -23.7% |
| 资本支出强度资本支出/营收 | 5.1% | 49.2% |
| 现金转化率经营现金流/净利润 | 0.79× | — |
| 过去12个月自由现金流最近4个季度 | $647.4M | — |
8季度趋势，按日历期对齐
经营现金流FDSGDS
| Q4 25 | $121.3M | — | ||
| Q3 25 | $212.1M | $103.5M | ||
| Q2 25 | $253.8M | $120.8M | ||
| Q1 25 | $174.0M | — | ||
| Q4 24 | $86.4M | — | ||
| Q3 24 | $163.2M | $91.4M | ||
| Q2 24 | $238.2M | — | ||
| Q1 24 | $143.8M | — |
自由现金流FDSGDS
| Q4 25 | $90.4M | — | ||
| Q3 25 | $178.1M | $-96.3M | ||
| Q2 25 | $228.6M | $-55.8M | ||
| Q1 25 | $150.2M | — | ||
| Q4 24 | $60.5M | — | ||
| Q3 24 | $137.2M | $-321.7M | ||
| Q2 24 | $216.9M | — | ||
| Q1 24 | $121.9M | — |
自由现金流率FDSGDS
| Q4 25 | 14.9% | — | ||
| Q3 25 | 29.8% | -23.7% | ||
| Q2 25 | 39.0% | -13.8% | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 24.4% | -76.1% | ||
| Q2 24 | 39.2% | — | ||
| Q1 24 | 22.3% | — |
资本支出强度FDSGDS
| Q4 25 | 5.1% | — | ||
| Q3 25 | 5.7% | 49.2% | ||
| Q2 25 | 4.3% | 43.6% | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.6% | 97.7% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 4.0% | — |
现金转化率FDSGDS
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.02× | — |
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% |
GDS
| Service revenue | $405.5M | 100% |
| Equipment sales | $2.8M | 1% |
