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Shift4 Payments, Inc.（FOUR）与Playtika Holding Corp.（PLTK）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Playtika Holding Corp.的1.8倍（$1.2B vs $678.8M），Shift4 Payments, Inc.净利率更高（3.4% vs -45.6%，领先48.9%），Shift4 Payments, Inc.同比增速更快（34.0% vs 4.4%），Playtika Holding Corp.自由现金流更多（$275.2M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 2.1%）
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。
Playtika Holding Corp是一家专注于移动端游戏开发与发行的以色列数字娱乐企业，主打休闲社交类手游产品，在全球拥有庞大用户群体。截至2021年，该公司月活跃用户规模已经突破3500万，是行业内影响力突出的移动游戏厂商。
FOUR vs PLTK — 直观对比
营收规模更大
FOUR
是对方的1.8倍
$678.8M
营收增速更快
FOUR
高出29.6%
4.4%
净利率更高
FOUR
高出48.9%
-45.6%
自由现金流更多
PLTK
多$52.7M
$222.5M
两年增速更快
FOUR
近两年复合增速
2.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $678.8M |
| 净利润 | $40.2M | $-309.3M |
| 毛利率 | — | 72.5% |
| 营业利润率 | 10.8% | -41.4% |
| 净利率 | 3.4% | -45.6% |
| 营收同比 | 34.0% | 4.4% |
| 净利润同比 | -65.3% | -1752.1% |
| 每股收益（稀释后） | — | $-0.83 |
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FOURPLTK
| Q4 25 | $1.2B | $678.8M | ||
| Q3 25 | $1.2B | $674.6M | ||
| Q2 25 | $966.2M | $696.0M | ||
| Q1 25 | $848.3M | $706.0M | ||
| Q4 24 | $887.0M | $650.3M | ||
| Q3 24 | $909.2M | $620.8M | ||
| Q2 24 | $827.0M | $627.0M | ||
| Q1 24 | $707.4M | $651.2M |
净利润FOURPLTK
| Q4 25 | $40.2M | $-309.3M | ||
| Q3 25 | $28.1M | $39.1M | ||
| Q2 25 | $34.0M | $33.2M | ||
| Q1 25 | $16.7M | $30.6M | ||
| Q4 24 | $116.0M | $-16.7M | ||
| Q3 24 | $53.8M | $39.3M | ||
| Q2 24 | $39.2M | $86.6M | ||
| Q1 24 | $20.6M | $53.0M |
毛利率FOURPLTK
| Q4 25 | — | 72.5% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 71.9% | ||
| Q1 25 | — | 72.0% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.9% | ||
| Q2 24 | — | 73.2% | ||
| Q1 24 | — | 72.8% |
营业利润率FOURPLTK
| Q4 25 | 10.8% | -41.4% | ||
| Q3 25 | 9.7% | 14.6% | ||
| Q2 25 | 8.6% | 15.8% | ||
| Q1 25 | 3.0% | 9.6% | ||
| Q4 24 | 9.7% | 8.5% | ||
| Q3 24 | 8.8% | 15.7% | ||
| Q2 24 | 7.2% | 22.4% | ||
| Q1 24 | 3.0% | 15.1% |
净利率FOURPLTK
| Q4 25 | 3.4% | -45.6% | ||
| Q3 25 | 2.4% | 5.8% | ||
| Q2 25 | 3.5% | 4.8% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 13.1% | -2.6% | ||
| Q3 24 | 5.9% | 6.3% | ||
| Q2 24 | 4.7% | 13.8% | ||
| Q1 24 | 2.9% | 8.1% |
每股收益（稀释后）FOURPLTK
| Q4 25 | — | $-0.83 | ||
| Q3 25 | — | $0.11 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $0.14 |
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 | $684.2M |
| 总债务越低越好 | $4.5B | $2.4B |
| 股东权益账面价值 | $1.4B | $-411.4M |
| 总资产 | $8.7B | $3.7B |
| 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FOURPLTK
| Q4 25 | $964.0M | $684.2M | ||
| Q3 25 | $1.5B | $587.9M | ||
| Q2 25 | $3.0B | $500.9M | ||
| Q1 25 | $1.2B | $434.8M | ||
| Q4 24 | $1.2B | $565.8M | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $205.0M | $710.3M | ||
| Q1 24 | $522.9M | $1.0B |
总债务FOURPLTK
| Q4 25 | $4.5B | $2.4B | ||
| Q3 25 | $4.7B | $2.4B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $2.8B | $2.4B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
股东权益FOURPLTK
| Q4 25 | $1.4B | $-411.4M | ||
| Q3 25 | $1.7B | $-74.8M | ||
| Q2 25 | $1.6B | $-87.8M | ||
| Q1 25 | $805.2M | $-117.2M | ||
| Q4 24 | $806.6M | $-131.1M | ||
| Q3 24 | $811.8M | $-98.0M | ||
| Q2 24 | $700.8M | $-112.9M | ||
| Q1 24 | $674.5M | $-180.4M |
总资产FOURPLTK
| Q4 25 | $8.7B | $3.7B | ||
| Q3 25 | $9.0B | $3.7B | ||
| Q2 25 | $7.0B | $3.6B | ||
| Q1 25 | $5.0B | $3.6B | ||
| Q4 24 | $5.0B | $3.6B | ||
| Q3 24 | $5.0B | $3.2B | ||
| Q2 24 | $3.5B | $3.2B | ||
| Q1 24 | $3.4B | $3.1B |
负债/权益比FOURPLTK
| 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 | $285.9M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $275.2M |
| 自由现金流率自由现金流/营收 | 18.7% | 40.5% |
| 资本支出强度资本支出/营收 | 0.1% | 1.6% |
| 现金转化率经营现金流/净利润 | 5.56× | — |
| 过去12个月自由现金流最近4个季度 | $624.0M | $531.4M |
8季度趋势，按日历期对齐
经营现金流FOURPLTK
| Q4 25 | $223.7M | $285.9M | ||
| Q3 25 | $171.8M | $116.9M | ||
| Q2 25 | $141.9M | $146.1M | ||
| Q1 25 | $96.6M | $18.8M | ||
| Q4 24 | $145.4M | $153.1M | ||
| Q3 24 | $182.1M | $156.9M | ||
| Q2 24 | $116.1M | $150.5M | ||
| Q1 24 | $56.7M | $29.6M |
自由现金流FOURPLTK
| Q4 25 | $222.5M | $275.2M | ||
| Q3 25 | $165.4M | $106.5M | ||
| Q2 25 | $141.0M | $141.3M | ||
| Q1 25 | $95.1M | $8.4M | ||
| Q4 24 | $143.8M | $140.3M | ||
| Q3 24 | $180.1M | $152.1M | ||
| Q2 24 | $113.9M | $141.2M | ||
| Q1 24 | $55.4M | $15.6M |
自由现金流率FOURPLTK
| Q4 25 | 18.7% | 40.5% | ||
| Q3 25 | 14.1% | 15.8% | ||
| Q2 25 | 14.6% | 20.3% | ||
| Q1 25 | 11.2% | 1.2% | ||
| Q4 24 | 16.2% | 21.6% | ||
| Q3 24 | 19.8% | 24.5% | ||
| Q2 24 | 13.8% | 22.5% | ||
| Q1 24 | 7.8% | 2.4% |
资本支出强度FOURPLTK
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.2% | 1.5% | ||
| Q4 24 | 0.2% | 2.0% | ||
| Q3 24 | 0.2% | 0.8% | ||
| Q2 24 | 0.3% | 1.5% | ||
| Q1 24 | 0.2% | 2.1% |
现金转化率FOURPLTK
| Q4 25 | 5.56× | — | ||
| Q3 25 | 6.11× | 2.99× | ||
| Q2 25 | 4.17× | 4.40× | ||
| Q1 25 | 5.78× | 0.61× | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 3.38× | 3.99× | ||
| Q2 24 | 2.96× | 1.74× | ||
| Q1 24 | 2.75× | 0.56× |
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% |
PLTK
| Third Party Platform | $428.7M | 63% |
| Other | $158.8M | 23% |
| Asia Pacific | $52.7M | 8% |
| Other Geographic Location | $38.6M | 6% |
