vs
Shift4 Payments, Inc.（FOUR）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是Shift4 Payments, Inc.的1.4倍（$1.7B vs $1.2B），STIFEL FINANCIAL CORP净利率更高（15.1% vs 3.4%，领先11.7%），Shift4 Payments, Inc.同比增速更快（34.0% vs 17.7%），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（44.4% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
FOUR vs SF — 直观对比
营收规模更大
SF
是对方的1.4倍
$1.2B
营收增速更快
FOUR
高出16.3%
17.7%
净利率更高
SF
高出11.7%
3.4%
两年增速更快
SF
近两年复合增速
29.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $40.2M | $251.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | 30.8% |
| 净利率 | 3.4% | 15.1% |
| 营收同比 | 34.0% | 17.7% |
| 净利润同比 | -65.3% | 374.4% |
| 每股收益（稀释后） | — | $1.48 |
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FOURSF
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $962.6M | ||
| Q2 25 | $966.2M | $838.9M | ||
| Q1 25 | $848.3M | $842.5M | ||
| Q4 24 | $887.0M | $916.0M | ||
| Q3 24 | $909.2M | $810.9M | ||
| Q2 24 | $827.0M | $798.9M |
净利润FOURSF
| Q1 26 | — | $251.4M | ||
| Q4 25 | $40.2M | $264.4M | ||
| Q3 25 | $28.1M | $211.4M | ||
| Q2 25 | $34.0M | $155.1M | ||
| Q1 25 | $16.7M | $53.0M | ||
| Q4 24 | $116.0M | $244.0M | ||
| Q3 24 | $53.8M | $158.5M | ||
| Q2 24 | $39.2M | $165.3M |
营业利润率FOURSF
| Q1 26 | — | 30.8% | ||
| Q4 25 | 10.8% | 27.3% | ||
| Q3 25 | 9.7% | 29.7% | ||
| Q2 25 | 8.6% | 25.5% | ||
| Q1 25 | 3.0% | 7.5% | ||
| Q4 24 | 9.7% | 29.1% | ||
| Q3 24 | 8.8% | 26.7% | ||
| Q2 24 | 7.2% | 28.4% |
净利率FOURSF
| Q1 26 | — | 15.1% | ||
| Q4 25 | 3.4% | 23.5% | ||
| Q3 25 | 2.4% | 22.0% | ||
| Q2 25 | 3.5% | 18.5% | ||
| Q1 25 | 2.0% | 6.3% | ||
| Q4 24 | 13.1% | 26.6% | ||
| Q3 24 | 5.9% | 19.5% | ||
| Q2 24 | 4.7% | 20.7% |
每股收益（稀释后）FOURSF
| Q1 26 | — | $1.48 | ||
| Q4 25 | — | $2.30 | ||
| Q3 25 | — | $1.84 | ||
| Q2 25 | — | $1.34 | ||
| Q1 25 | — | $0.39 | ||
| Q4 24 | — | $2.10 | ||
| Q3 24 | — | $1.34 | ||
| Q2 24 | — | $1.41 |
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 | — |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $332.3M |
| 总资产 | $8.7B | $42.9B |
| 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FOURSF
| Q1 26 | — | — | ||
| Q4 25 | $964.0M | $2.3B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.2B | $2.6B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $205.0M | $2.6B |
总债务FOURSF
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $617.4M | ||
| Q3 25 | $4.7B | $617.2M | ||
| Q2 25 | $3.7B | $617.0M | ||
| Q1 25 | $2.8B | $616.8M | ||
| Q4 24 | $2.8B | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B |
股东权益FOURSF
| Q1 26 | — | $332.3M | ||
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.7B | $5.8B | ||
| Q2 25 | $1.6B | $5.6B | ||
| Q1 25 | $805.2M | $5.5B | ||
| Q4 24 | $806.6M | $5.7B | ||
| Q3 24 | $811.8M | $5.6B | ||
| Q2 24 | $700.8M | $5.4B |
总资产FOURSF
| Q1 26 | — | $42.9B | ||
| Q4 25 | $8.7B | $41.3B | ||
| Q3 25 | $9.0B | $41.7B | ||
| Q2 25 | $7.0B | $39.9B | ||
| Q1 25 | $5.0B | $40.4B | ||
| Q4 24 | $5.0B | $39.9B | ||
| Q3 24 | $5.0B | $38.9B | ||
| Q2 24 | $3.5B | $37.8B |
负债/权益比FOURSF
| Q1 26 | — | — | ||
| Q4 25 | 3.15× | 0.10× | ||
| Q3 25 | 2.83× | 0.11× | ||
| Q2 25 | 2.34× | 0.11× | ||
| Q1 25 | 3.53× | 0.11× | ||
| Q4 24 | 3.52× | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× |
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 | — |
| 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× | — |
| 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FOURSF
| Q1 26 | — | — | ||
| Q4 25 | $223.7M | $382.4M | ||
| Q3 25 | $171.8M | $338.3M | ||
| Q2 25 | $141.9M | $607.5M | ||
| Q1 25 | $96.6M | $-211.2M | ||
| Q4 24 | $145.4M | $694.6M | ||
| Q3 24 | $182.1M | $198.3M | ||
| Q2 24 | $116.1M | $207.2M |
自由现金流FOURSF
| Q1 26 | — | — | ||
| Q4 25 | $222.5M | $369.0M | ||
| Q3 25 | $165.4M | $321.1M | ||
| Q2 25 | $141.0M | $592.7M | ||
| Q1 25 | $95.1M | $-227.8M | ||
| Q4 24 | $143.8M | $677.2M | ||
| Q3 24 | $180.1M | $185.6M | ||
| Q2 24 | $113.9M | $173.3M |
自由现金流率FOURSF
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 32.7% | ||
| Q3 25 | 14.1% | 33.4% | ||
| Q2 25 | 14.6% | 70.6% | ||
| Q1 25 | 11.2% | -27.0% | ||
| Q4 24 | 16.2% | 73.9% | ||
| Q3 24 | 19.8% | 22.9% | ||
| Q2 24 | 13.8% | 21.7% |
资本支出强度FOURSF
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.2% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 0.1% | 1.8% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.2% | 1.6% | ||
| Q2 24 | 0.3% | 4.2% |
现金转化率FOURSF
| Q1 26 | — | — | ||
| Q4 25 | 5.56× | 1.45× | ||
| Q3 25 | 6.11× | 1.60× | ||
| Q2 25 | 4.17× | 3.92× | ||
| Q1 25 | 5.78× | -3.99× | ||
| Q4 24 | 1.25× | 2.85× | ||
| Q3 24 | 3.38× | 1.25× | ||
| Q2 24 | 2.96× | 1.25× |
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% |
SF
| Other | $506.7M | 30% |
| Asset management | $459.5M | 28% |
| Investment banking | $341.4M | 20% |
| Commissions | $207.8M | 12% |
| Principal transactions | $150.2M | 9% |
