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Shift4 Payments, Inc.（FOUR）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是Shift4 Payments, Inc.的1.4倍（$1.7B vs $1.2B），格罗方德净利率更高（14.8% vs 3.4%，领先11.4%），Shift4 Payments, Inc.同比增速更快（34.0% vs -2.9%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
FOUR vs GFS — 直观对比
营收规模更大
GFS
是对方的1.4倍
$1.2B
营收增速更快
FOUR
高出36.9%
-2.9%
净利率更高
GFS
高出11.4%
3.4%
两年增速更快
FOUR
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $40.2M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 10.8% | 11.6% |
| 净利率 | 3.4% | 14.8% |
| 营收同比 | 34.0% | -2.9% |
| 净利润同比 | -65.3% | 39.9% |
| 每股收益（稀释后） | — | $0.44 |
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FOURGFS
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $966.2M | $1.7B | ||
| Q1 25 | $848.3M | $1.6B | ||
| Q4 24 | $887.0M | — | ||
| Q3 24 | $909.2M | $1.7B | ||
| Q2 24 | $827.0M | $1.6B | ||
| Q1 24 | $707.4M | $1.5B |
净利润FOURGFS
| Q4 25 | $40.2M | — | ||
| Q3 25 | $28.1M | $249.0M | ||
| Q2 25 | $34.0M | $228.0M | ||
| Q1 25 | $16.7M | $211.0M | ||
| Q4 24 | $116.0M | — | ||
| Q3 24 | $53.8M | $178.0M | ||
| Q2 24 | $39.2M | $155.0M | ||
| Q1 24 | $20.6M | $134.0M |
毛利率FOURGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 25.4% |
营业利润率FOURGFS
| Q4 25 | 10.8% | — | ||
| Q3 25 | 9.7% | 11.6% | ||
| Q2 25 | 8.6% | 11.6% | ||
| Q1 25 | 3.0% | 9.5% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 8.8% | 10.6% | ||
| Q2 24 | 7.2% | 9.5% | ||
| Q1 24 | 3.0% | 9.5% |
净利率FOURGFS
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.4% | 14.8% | ||
| Q2 25 | 3.5% | 13.5% | ||
| Q1 25 | 2.0% | 13.3% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 5.9% | 10.2% | ||
| Q2 24 | 4.7% | 9.5% | ||
| Q1 24 | 2.9% | 8.7% |
每股收益（稀释后）FOURGFS
| Q4 25 | — | — | ||
| Q3 25 | — | $0.44 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.24 |
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 | $2.0B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $11.8B |
| 总资产 | $8.7B | $16.7B |
| 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FOURGFS
| Q4 25 | $964.0M | — | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $205.0M | $2.2B | ||
| Q1 24 | $522.9M | $2.2B |
总债务FOURGFS
| 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FOURGFS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.7B | $11.8B | ||
| Q2 25 | $1.6B | $11.5B | ||
| Q1 25 | $805.2M | $11.1B | ||
| Q4 24 | $806.6M | — | ||
| Q3 24 | $811.8M | $11.6B | ||
| Q2 24 | $700.8M | $11.3B | ||
| Q1 24 | $674.5M | $11.3B |
总资产FOURGFS
| Q4 25 | $8.7B | — | ||
| Q3 25 | $9.0B | $16.7B | ||
| Q2 25 | $7.0B | $16.8B | ||
| Q1 25 | $5.0B | $16.5B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $18.1B | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.4B | — |
负债/权益比FOURGFS
| 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 | $595.0M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | — |
| 自由现金流率自由现金流/营收 | 18.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 5.56× | 2.39× |
| 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FOURGFS
| Q4 25 | $223.7M | — | ||
| Q3 25 | $171.8M | $595.0M | ||
| Q2 25 | $141.9M | $431.0M | ||
| Q1 25 | $96.6M | $331.0M | ||
| Q4 24 | $145.4M | — | ||
| Q3 24 | $182.1M | $375.0M | ||
| Q2 24 | $116.1M | $402.0M | ||
| Q1 24 | $56.7M | $488.0M |
自由现金流FOURGFS
| Q4 25 | $222.5M | — | ||
| Q3 25 | $165.4M | — | ||
| Q2 25 | $141.0M | — | ||
| Q1 25 | $95.1M | — | ||
| Q4 24 | $143.8M | — | ||
| Q3 24 | $180.1M | — | ||
| Q2 24 | $113.9M | — | ||
| Q1 24 | $55.4M | — |
自由现金流率FOURGFS
| Q4 25 | 18.7% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 13.8% | — | ||
| Q1 24 | 7.8% | — |
资本支出强度FOURGFS
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FOURGFS
| Q4 25 | 5.56× | — | ||
| Q3 25 | 6.11× | 2.39× | ||
| Q2 25 | 4.17× | 1.89× | ||
| Q1 25 | 5.78× | 1.57× | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 3.38× | 2.11× | ||
| Q2 24 | 2.96× | 2.59× | ||
| Q1 24 | 2.75× | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
