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Shift4 Payments, Inc.（FOUR）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是Shift4 Payments, Inc.的1.4倍（$1.7B vs $1.2B），第一太阳能净利率更高（31.0% vs 3.4%，领先27.6%），Shift4 Payments, Inc.同比增速更快（34.0% vs 11.1%），第一太阳能自由现金流更多（$1.1B vs $222.5M），过去两年第一太阳能的营收复合增速更高（45.6% vs 29.6%）
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。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
FOUR vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.4倍
$1.2B
营收增速更快
FOUR
高出22.9%
11.1%
净利率更高
FSLR
高出27.6%
3.4%
自由现金流更多
FSLR
多$847.7M
$222.5M
两年增速更快
FSLR
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $40.2M | $520.9M |
| 毛利率 | — | 39.5% |
| 营业利润率 | 10.8% | 32.6% |
| 净利率 | 3.4% | 31.0% |
| 营收同比 | 34.0% | 11.1% |
| 净利润同比 | -65.3% | 32.5% |
| 每股收益（稀释后） | — | $4.84 |
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FOURFSLR
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $966.2M | $1.1B | ||
| Q1 25 | $848.3M | $844.6M | ||
| Q4 24 | $887.0M | $1.5B | ||
| Q3 24 | $909.2M | $887.7M | ||
| Q2 24 | $827.0M | $1.0B | ||
| Q1 24 | $707.4M | $794.1M |
净利润FOURFSLR
| Q4 25 | $40.2M | $520.9M | ||
| Q3 25 | $28.1M | $455.9M | ||
| Q2 25 | $34.0M | $341.9M | ||
| Q1 25 | $16.7M | $209.5M | ||
| Q4 24 | $116.0M | $393.1M | ||
| Q3 24 | $53.8M | $313.0M | ||
| Q2 24 | $39.2M | $349.4M | ||
| Q1 24 | $20.6M | $236.6M |
毛利率FOURFSLR
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 43.6% |
营业利润率FOURFSLR
| Q4 25 | 10.8% | 32.6% | ||
| Q3 25 | 9.7% | 29.2% | ||
| Q2 25 | 8.6% | 33.0% | ||
| Q1 25 | 3.0% | 26.2% | ||
| Q4 24 | 9.7% | 30.2% | ||
| Q3 24 | 8.8% | 36.3% | ||
| Q2 24 | 7.2% | 36.9% | ||
| Q1 24 | 3.0% | 30.6% |
净利率FOURFSLR
| Q4 25 | 3.4% | 31.0% | ||
| Q3 25 | 2.4% | 28.6% | ||
| Q2 25 | 3.5% | 31.2% | ||
| Q1 25 | 2.0% | 24.8% | ||
| Q4 24 | 13.1% | 26.0% | ||
| Q3 24 | 5.9% | 35.3% | ||
| Q2 24 | 4.7% | 34.6% | ||
| Q1 24 | 2.9% | 29.8% |
每股收益（稀释后）FOURFSLR
| Q4 25 | — | $4.84 | ||
| Q3 25 | — | $4.24 | ||
| Q2 25 | — | $3.18 | ||
| Q1 25 | — | $1.95 | ||
| Q4 24 | — | $3.66 | ||
| Q3 24 | — | $2.91 | ||
| Q2 24 | — | $3.25 | ||
| Q1 24 | — | $2.20 |
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 | $2.8B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $9.5B |
| 总资产 | $8.7B | $13.3B |
| 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FOURFSLR
| Q4 25 | $964.0M | $2.8B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $3.0B | $1.1B | ||
| Q1 25 | $1.2B | $837.6M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $205.0M | $1.7B | ||
| Q1 24 | $522.9M | $1.7B |
总债务FOURFSLR
| 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FOURFSLR
| Q4 25 | $1.4B | $9.5B | ||
| Q3 25 | $1.7B | $9.0B | ||
| Q2 25 | $1.6B | $8.5B | ||
| Q1 25 | $805.2M | $8.2B | ||
| Q4 24 | $806.6M | $8.0B | ||
| Q3 24 | $811.8M | $7.6B | ||
| Q2 24 | $700.8M | $7.3B | ||
| Q1 24 | $674.5M | $6.9B |
总资产FOURFSLR
| Q4 25 | $8.7B | $13.3B | ||
| Q3 25 | $9.0B | $13.5B | ||
| Q2 25 | $7.0B | $12.9B | ||
| Q1 25 | $5.0B | $12.1B | ||
| Q4 24 | $5.0B | $12.1B | ||
| Q3 24 | $5.0B | $11.4B | ||
| Q2 24 | $3.5B | $11.0B | ||
| Q1 24 | $3.4B | $10.8B |
负债/权益比FOURFSLR
| 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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $1.1B |
| 自由现金流率自由现金流/营收 | 18.7% | 63.6% |
| 资本支出强度资本支出/营收 | 0.1% | 10.2% |
| 现金转化率经营现金流/净利润 | 5.56× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流FOURFSLR
| Q4 25 | $223.7M | $1.2B | ||
| Q3 25 | $171.8M | $1.3B | ||
| Q2 25 | $141.9M | $149.6M | ||
| Q1 25 | $96.6M | $-608.0M | ||
| Q4 24 | $145.4M | $811.0M | ||
| Q3 24 | $182.1M | $-53.7M | ||
| Q2 24 | $116.1M | $193.0M | ||
| Q1 24 | $56.7M | $267.7M |
自由现金流FOURFSLR
| Q4 25 | $222.5M | $1.1B | ||
| Q3 25 | $165.4M | $1.1B | ||
| Q2 25 | $141.0M | $-138.6M | ||
| Q1 25 | $95.1M | $-813.9M | ||
| Q4 24 | $143.8M | $497.5M | ||
| Q3 24 | $180.1M | $-487.7M | ||
| Q2 24 | $113.9M | $-172.1M | ||
| Q1 24 | $55.4M | $-145.7M |
自由现金流率FOURFSLR
| Q4 25 | 18.7% | 63.6% | ||
| Q3 25 | 14.1% | 67.1% | ||
| Q2 25 | 14.6% | -12.6% | ||
| Q1 25 | 11.2% | -96.4% | ||
| Q4 24 | 16.2% | 32.9% | ||
| Q3 24 | 19.8% | -54.9% | ||
| Q2 24 | 13.8% | -17.0% | ||
| Q1 24 | 7.8% | -18.4% |
资本支出强度FOURFSLR
| Q4 25 | 0.1% | 10.2% | ||
| Q3 25 | 0.5% | 12.8% | ||
| Q2 25 | 0.1% | 26.3% | ||
| Q1 25 | 0.2% | 24.4% | ||
| Q4 24 | 0.2% | 20.7% | ||
| Q3 24 | 0.2% | 48.9% | ||
| Q2 24 | 0.3% | 36.1% | ||
| Q1 24 | 0.2% | 52.1% |
现金转化率FOURFSLR
| Q4 25 | 5.56× | 2.38× | ||
| Q3 25 | 6.11× | 2.79× | ||
| Q2 25 | 4.17× | 0.44× | ||
| Q1 25 | 5.78× | -2.90× | ||
| Q4 24 | 1.25× | 2.06× | ||
| Q3 24 | 3.38× | -0.17× | ||
| Q2 24 | 2.96× | 0.55× | ||
| Q1 24 | 2.75× | 1.13× |
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% |
FSLR
暂无分部数据
