vs
Shift4 Payments, Inc.（FOUR）与Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的1.9倍（$1.2B vs $628.6M），Freedom Holding Corp.净利率更高（12.1% vs 3.4%，领先8.7%），Shift4 Payments, Inc.同比增速更快（34.0% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 16.3%）
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。
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
FOUR vs FRHC — 直观对比
营收规模更大
FOUR
是对方的1.9倍
$628.6M
营收增速更快
FOUR
高出38.1%
-4.1%
净利率更高
FRHC
高出8.7%
3.4%
自由现金流更多
FRHC
多$429.2M
$222.5M
两年增速更快
FOUR
近两年复合增速
16.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $628.6M |
| 净利润 | $40.2M | $76.2M |
| 毛利率 | — | 96.0% |
| 营业利润率 | 10.8% | 14.9% |
| 净利率 | 3.4% | 12.1% |
| 营收同比 | 34.0% | -4.1% |
| 净利润同比 | -65.3% | -2.6% |
| 每股收益（稀释后） | — | $1.25 |
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FOURFRHC
| Q4 25 | $1.2B | $628.6M | ||
| Q3 25 | $1.2B | $526.1M | ||
| Q2 25 | $966.2M | $533.4M | ||
| Q1 25 | $848.3M | $363.7M | ||
| Q4 24 | $887.0M | $655.2M | ||
| Q3 24 | $909.2M | $580.9M | ||
| Q2 24 | $827.0M | $450.7M | ||
| Q1 24 | $707.4M | $464.7M |
净利润FOURFRHC
| Q4 25 | $40.2M | $76.2M | ||
| Q3 25 | $28.1M | $38.7M | ||
| Q2 25 | $34.0M | $30.4M | ||
| Q1 25 | $16.7M | $-142.7M | ||
| Q4 24 | $116.0M | $78.3M | ||
| Q3 24 | $53.8M | $114.7M | ||
| Q2 24 | $39.2M | $34.4M | ||
| Q1 24 | $20.6M | $95.2M |
毛利率FOURFRHC
| Q4 25 | — | 96.0% | ||
| Q3 25 | — | 97.1% | ||
| Q2 25 | — | 97.4% | ||
| Q1 25 | — | 96.6% | ||
| Q4 24 | — | 98.6% | ||
| Q3 24 | — | 99.1% | ||
| Q2 24 | — | 99.0% | ||
| Q1 24 | — | — |
营业利润率FOURFRHC
| Q4 25 | 10.8% | 14.9% | ||
| Q3 25 | 9.7% | 11.5% | ||
| Q2 25 | 8.6% | 7.6% | ||
| Q1 25 | 3.0% | -42.7% | ||
| Q4 24 | 9.7% | 15.0% | ||
| Q3 24 | 8.8% | 22.1% | ||
| Q2 24 | 7.2% | 9.2% | ||
| Q1 24 | 3.0% | 22.5% |
净利率FOURFRHC
| Q4 25 | 3.4% | 12.1% | ||
| Q3 25 | 2.4% | 7.4% | ||
| Q2 25 | 3.5% | 5.7% | ||
| Q1 25 | 2.0% | -39.2% | ||
| Q4 24 | 13.1% | 11.9% | ||
| Q3 24 | 5.9% | 19.7% | ||
| Q2 24 | 4.7% | 7.6% | ||
| Q1 24 | 2.9% | 20.5% |
每股收益（稀释后）FOURFRHC
| Q4 25 | — | $1.25 | ||
| Q3 25 | — | $0.63 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $-2.35 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $1.89 | ||
| Q2 24 | — | $0.57 | ||
| Q1 24 | — | $1.60 |
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 | $964.0M | $869.2M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $1.4B |
| 总资产 | $8.7B | $12.4B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURFRHC
| Q4 25 | $964.0M | $869.2M | ||
| Q3 25 | $1.5B | $636.0M | ||
| Q2 25 | $3.0B | $567.9M | ||
| Q1 25 | $1.2B | $837.3M | ||
| Q4 24 | $1.2B | $577.9M | ||
| Q3 24 | $1.4B | $569.2M | ||
| Q2 24 | $205.0M | $718.7M | ||
| Q1 24 | $522.9M | $545.1M |
总债务FOURFRHC
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FOURFRHC
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $805.2M | $1.2B | ||
| Q4 24 | $806.6M | $1.3B | ||
| Q3 24 | $811.8M | $1.3B | ||
| Q2 24 | $700.8M | $1.1B | ||
| Q1 24 | $674.5M | $1.2B |
总资产FOURFRHC
| Q4 25 | $8.7B | $12.4B | ||
| Q3 25 | $9.0B | $10.3B | ||
| Q2 25 | $7.0B | $9.7B | ||
| Q1 25 | $5.0B | $9.9B | ||
| Q4 24 | $5.0B | $9.1B | ||
| Q3 24 | $5.0B | $8.8B | ||
| Q2 24 | $3.5B | $8.5B | ||
| Q1 24 | $3.4B | $8.3B |
负债/权益比FOURFRHC
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| 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 | $223.7M | $717.8M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $651.7M |
| 自由现金流率自由现金流/营收 | 18.7% | 103.7% |
| 资本支出强度资本支出/营收 | 0.1% | 10.5% |
| 现金转化率经营现金流/净利润 | 5.56× | 9.42× |
| 过去12个月自由现金流最近4个季度 | $624.0M | — |
8季度趋势，按日历期对齐
经营现金流FOURFRHC
| Q4 25 | $223.7M | $717.8M | ||
| Q3 25 | $171.8M | $535.3M | ||
| Q2 25 | $141.9M | $480.8M | ||
| Q1 25 | $96.6M | $1.3B | ||
| Q4 24 | $145.4M | $-72.8M | ||
| Q3 24 | $182.1M | $-438.0M | ||
| Q2 24 | $116.1M | $854.1M | ||
| Q1 24 | $56.7M | $309.0M |
自由现金流FOURFRHC
| Q4 25 | $222.5M | $651.7M | ||
| Q3 25 | $165.4M | $456.4M | ||
| Q2 25 | $141.0M | $450.0M | ||
| Q1 25 | $95.1M | — | ||
| Q4 24 | $143.8M | $-92.7M | ||
| Q3 24 | $180.1M | $-447.5M | ||
| Q2 24 | $113.9M | $829.9M | ||
| Q1 24 | $55.4M | — |
自由现金流率FOURFRHC
| Q4 25 | 18.7% | 103.7% | ||
| Q3 25 | 14.1% | 86.7% | ||
| Q2 25 | 14.6% | 84.4% | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 16.2% | -14.1% | ||
| Q3 24 | 19.8% | -77.0% | ||
| Q2 24 | 13.8% | 184.1% | ||
| Q1 24 | 7.8% | — |
资本支出强度FOURFRHC
| Q4 25 | 0.1% | 10.5% | ||
| Q3 25 | 0.5% | 15.0% | ||
| Q2 25 | 0.1% | 5.8% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | 3.0% | ||
| Q3 24 | 0.2% | 1.6% | ||
| Q2 24 | 0.3% | 5.4% | ||
| Q1 24 | 0.2% | — |
现金转化率FOURFRHC
| Q4 25 | 5.56× | 9.42× | ||
| Q3 25 | 6.11× | 13.82× | ||
| Q2 25 | 4.17× | 15.82× | ||
| Q1 25 | 5.78× | — | ||
| Q4 24 | 1.25× | -0.93× | ||
| Q3 24 | 3.38× | -3.82× | ||
| Q2 24 | 2.96× | 24.83× | ||
| Q1 24 | 2.75× | 3.24× |
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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
FRHC
暂无分部数据
