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Shift4 Payments, Inc.（FOUR）与STEWART INFORMATION SERVICES CORP（STC）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STEWART INFORMATION SERVICES CORP的1.6倍（$1.2B vs $764.6M），Shift4 Payments, Inc.净利率更高（3.4% vs 2.2%，领先1.2%），Shift4 Payments, Inc.同比增速更快（34.0% vs 27.7%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 12.7%）
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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
FOUR vs STC — 直观对比
营收规模更大
FOUR
是对方的1.6倍
$764.6M
营收增速更快
FOUR
高出6.3%
27.7%
净利率更高
FOUR
高出1.2%
2.2%
两年增速更快
FOUR
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $764.6M |
| 净利润 | $40.2M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | — |
| 净利率 | 3.4% | 2.2% |
| 营收同比 | 34.0% | 27.7% |
| 净利润同比 | -65.3% | 448.4% |
| 每股收益（稀释后） | — | — |
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FOURSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $1.2B | $790.6M | ||
| Q3 25 | $1.2B | $796.9M | ||
| Q2 25 | $966.2M | $722.2M | ||
| Q1 25 | $848.3M | $612.0M | ||
| Q4 24 | $887.0M | $665.9M | ||
| Q3 24 | $909.2M | $667.9M | ||
| Q2 24 | $827.0M | $602.2M |
净利润FOURSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $40.2M | $36.3M | ||
| Q3 25 | $28.1M | $44.3M | ||
| Q2 25 | $34.0M | $31.9M | ||
| Q1 25 | $16.7M | $3.1M | ||
| Q4 24 | $116.0M | $22.7M | ||
| Q3 24 | $53.8M | $30.1M | ||
| Q2 24 | $39.2M | $17.3M |
营业利润率FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | 10.8% | 6.5% | ||
| Q3 25 | 9.7% | 7.7% | ||
| Q2 25 | 8.6% | 6.5% | ||
| Q1 25 | 3.0% | 1.0% | ||
| Q4 24 | 9.7% | 5.3% | ||
| Q3 24 | 8.8% | 6.4% | ||
| Q2 24 | 7.2% | 4.8% |
净利率FOURSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 3.4% | 4.6% | ||
| Q3 25 | 2.4% | 5.6% | ||
| Q2 25 | 3.5% | 4.4% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 13.1% | 3.4% | ||
| Q3 24 | 5.9% | 4.5% | ||
| Q2 24 | 4.7% | 2.9% |
每股收益（稀释后）FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.55 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.62 |
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 | $317.5M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | — |
| 总资产 | $8.7B | — |
| 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FOURSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $964.0M | $369.7M | ||
| Q3 25 | $1.5B | $233.2M | ||
| Q2 25 | $3.0B | $223.8M | ||
| Q1 25 | $1.2B | $194.2M | ||
| Q4 24 | $1.2B | $257.5M | ||
| Q3 24 | $1.4B | $228.7M | ||
| Q2 24 | $205.0M | $176.7M |
总债务FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $805.2M | $1.4B | ||
| Q4 24 | $806.6M | $1.4B | ||
| Q3 24 | $811.8M | $1.4B | ||
| Q2 24 | $700.8M | $1.4B |
总资产FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | $8.7B | $3.3B | ||
| Q3 25 | $9.0B | $2.8B | ||
| Q2 25 | $7.0B | $2.8B | ||
| Q1 25 | $5.0B | $2.7B | ||
| Q4 24 | $5.0B | $2.7B | ||
| Q3 24 | $5.0B | $2.7B | ||
| Q2 24 | $3.5B | $2.6B |
负债/权益比FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | $223.7M | $89.5M | ||
| Q3 25 | $171.8M | $92.6M | ||
| Q2 25 | $141.9M | $53.4M | ||
| Q1 25 | $96.6M | $-29.9M | ||
| Q4 24 | $145.4M | $68.0M | ||
| Q3 24 | $182.1M | $76.1M | ||
| Q2 24 | $116.1M | $21.1M |
自由现金流FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | $222.5M | $62.3M | ||
| Q3 25 | $165.4M | $73.6M | ||
| Q2 25 | $141.0M | $38.7M | ||
| Q1 25 | $95.1M | $-42.2M | ||
| Q4 24 | $143.8M | $55.6M | ||
| Q3 24 | $180.1M | $67.4M | ||
| Q2 24 | $113.9M | $11.9M |
自由现金流率FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 7.9% | ||
| Q3 25 | 14.1% | 9.2% | ||
| Q2 25 | 14.6% | 5.4% | ||
| Q1 25 | 11.2% | -6.9% | ||
| Q4 24 | 16.2% | 8.4% | ||
| Q3 24 | 19.8% | 10.1% | ||
| Q2 24 | 13.8% | 2.0% |
资本支出强度FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 3.4% | ||
| Q3 25 | 0.5% | 2.4% | ||
| Q2 25 | 0.1% | 2.0% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.3% | 1.5% |
现金转化率FOURSTC
| Q1 26 | — | — | ||
| Q4 25 | 5.56× | 2.47× | ||
| Q3 25 | 6.11× | 2.09× | ||
| Q2 25 | 4.17× | 1.67× | ||
| Q1 25 | 5.78× | -9.73× | ||
| Q4 24 | 1.25× | 2.99× | ||
| Q3 24 | 3.38× | 2.53× | ||
| Q2 24 | 2.96× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
