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Shift4 Payments, Inc.（FOUR）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是Shift4 Payments, Inc.的1.3倍（$1.5B vs $1.2B），Globe Life净利率更高（17.5% vs 3.4%，领先14.1%），Shift4 Payments, Inc.同比增速更快（34.0% vs 3.6%），Globe Life自由现金流更多（$330.1M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 3.6%）
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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
FOUR vs GL — 直观对比
营收规模更大
GL
是对方的1.3倍
$1.2B
营收增速更快
FOUR
高出30.4%
3.6%
净利率更高
GL
高出14.1%
3.4%
自由现金流更多
GL
多$107.6M
$222.5M
两年增速更快
FOUR
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $40.2M | $266.1M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | 21.7% |
| 净利率 | 3.4% | 17.5% |
| 营收同比 | 34.0% | 3.6% |
| 净利润同比 | -65.3% | 4.3% |
| 每股收益（稀释后） | — | $3.28 |
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FOURGL
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $966.2M | $1.5B | ||
| Q1 25 | $848.3M | $1.5B | ||
| Q4 24 | $887.0M | $1.5B | ||
| Q3 24 | $909.2M | $1.5B | ||
| Q2 24 | $827.0M | $1.4B | ||
| Q1 24 | $707.4M | $1.4B |
净利润FOURGL
| Q4 25 | $40.2M | $266.1M | ||
| Q3 25 | $28.1M | $387.8M | ||
| Q2 25 | $34.0M | $252.7M | ||
| Q1 25 | $16.7M | $254.6M | ||
| Q4 24 | $116.0M | $255.2M | ||
| Q3 24 | $53.8M | $303.0M | ||
| Q2 24 | $39.2M | $258.4M | ||
| Q1 24 | $20.6M | $254.2M |
毛利率FOURGL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.1% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 23.1% |
营业利润率FOURGL
| Q4 25 | 10.8% | 21.7% | ||
| Q3 25 | 9.7% | 31.5% | ||
| Q2 25 | 8.6% | 21.2% | ||
| Q1 25 | 3.0% | 21.4% | ||
| Q4 24 | 9.7% | 21.3% | ||
| Q3 24 | 8.8% | 26.3% | ||
| Q2 24 | 7.2% | 23.5% | ||
| Q1 24 | 3.0% | 23.1% |
净利率FOURGL
| Q4 25 | 3.4% | 17.5% | ||
| Q3 25 | 2.4% | 25.6% | ||
| Q2 25 | 3.5% | 17.1% | ||
| Q1 25 | 2.0% | 17.2% | ||
| Q4 24 | 13.1% | 17.4% | ||
| Q3 24 | 5.9% | 20.8% | ||
| Q2 24 | 4.7% | 17.9% | ||
| Q1 24 | 2.9% | 18.0% |
每股收益（稀释后）FOURGL
| Q4 25 | — | $3.28 | ||
| Q3 25 | — | $4.73 | ||
| Q2 25 | — | $3.05 | ||
| Q1 25 | — | $3.01 | ||
| Q4 24 | — | $3.00 | ||
| Q3 24 | — | $3.44 | ||
| Q2 24 | — | $2.83 | ||
| Q1 24 | — | $2.67 |
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 | $314.7M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $6.0B |
| 总资产 | $8.7B | $30.8B |
| 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FOURGL
| Q4 25 | $964.0M | $314.7M | ||
| Q3 25 | $1.5B | $62.8M | ||
| Q2 25 | $3.0B | $116.7M | ||
| Q1 25 | $1.2B | $134.1M | ||
| Q4 24 | $1.2B | $85.0M | ||
| Q3 24 | $1.4B | $100.5M | ||
| Q2 24 | $205.0M | $100.6M | ||
| Q1 24 | $522.9M | $58.4M |
总债务FOURGL
| 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FOURGL
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.7B | $5.7B | ||
| Q2 25 | $1.6B | $5.4B | ||
| Q1 25 | $805.2M | $5.4B | ||
| Q4 24 | $806.6M | $5.3B | ||
| Q3 24 | $811.8M | $4.6B | ||
| Q2 24 | $700.8M | $5.2B | ||
| Q1 24 | $674.5M | $5.0B |
总资产FOURGL
| Q4 25 | $8.7B | $30.8B | ||
| Q3 25 | $9.0B | $30.5B | ||
| Q2 25 | $7.0B | $29.8B | ||
| Q1 25 | $5.0B | $29.7B | ||
| Q4 24 | $5.0B | $29.1B | ||
| Q3 24 | $5.0B | $29.6B | ||
| Q2 24 | $3.5B | $28.3B | ||
| Q1 24 | $3.4B | $28.6B |
负债/权益比FOURGL
| 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 | $350.6M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $330.1M |
| 自由现金流率自由现金流/营收 | 18.7% | 21.7% |
| 资本支出强度资本支出/营收 | 0.1% | 1.3% |
| 现金转化率经营现金流/净利润 | 5.56× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流FOURGL
| Q4 25 | $223.7M | $350.6M | ||
| Q3 25 | $171.8M | $306.0M | ||
| Q2 25 | $141.9M | $307.9M | ||
| Q1 25 | $96.6M | $431.9M | ||
| Q4 24 | $145.4M | $336.9M | ||
| Q3 24 | $182.1M | $340.6M | ||
| Q2 24 | $116.1M | $374.1M | ||
| Q1 24 | $56.7M | $350.8M |
自由现金流FOURGL
| Q4 25 | $222.5M | $330.1M | ||
| Q3 25 | $165.4M | $208.7M | ||
| Q2 25 | $141.0M | $295.0M | ||
| Q1 25 | $95.1M | $420.1M | ||
| Q4 24 | $143.8M | $321.9M | ||
| Q3 24 | $180.1M | $311.3M | ||
| Q2 24 | $113.9M | $356.5M | ||
| Q1 24 | $55.4M | $341.7M |
自由现金流率FOURGL
| Q4 25 | 18.7% | 21.7% | ||
| Q3 25 | 14.1% | 13.8% | ||
| Q2 25 | 14.6% | 19.9% | ||
| Q1 25 | 11.2% | 28.4% | ||
| Q4 24 | 16.2% | 22.0% | ||
| Q3 24 | 19.8% | 21.4% | ||
| Q2 24 | 13.8% | 24.8% | ||
| Q1 24 | 7.8% | 24.1% |
资本支出强度FOURGL
| Q4 25 | 0.1% | 1.3% | ||
| Q3 25 | 0.5% | 6.4% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 0.2% | 0.6% |
现金转化率FOURGL
| Q4 25 | 5.56× | 1.32× | ||
| Q3 25 | 6.11× | 0.79× | ||
| Q2 25 | 4.17× | 1.22× | ||
| Q1 25 | 5.78× | 1.70× | ||
| Q4 24 | 1.25× | 1.32× | ||
| Q3 24 | 3.38× | 1.12× | ||
| Q2 24 | 2.96× | 1.45× | ||
| Q1 24 | 2.75× | 1.38× |
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% |
GL
| Life Segment | $849.6M | 56% |
| Health Segment | $392.3M | 26% |
| Investment Segment | $281.4M | 19% |
