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Shift4 Payments, Inc.（FOUR）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是思佳讯的1.1倍（$1.2B vs $1.0B），思佳讯净利率更高（7.6% vs 3.4%，领先4.3%），Shift4 Payments, Inc.同比增速更快（34.0% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $222.5M），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
FOUR vs SWKS — 直观对比
营收规模更大
FOUR
是对方的1.1倍
$1.0B
营收增速更快
FOUR
高出25.4%
8.6%
净利率更高
SWKS
高出4.3%
3.4%
自由现金流更多
SWKS
多$116.5M
$222.5M
两年增速更快
FOUR
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $40.2M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 10.8% | 10.0% |
| 净利率 | 3.4% | 7.6% |
| 营收同比 | 34.0% | 8.6% |
| 净利润同比 | -65.3% | 15.3% |
| 每股收益（稀释后） | — | $0.53 |
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FOURSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $966.2M | $965.0M | ||
| Q1 25 | $848.3M | $953.2M | ||
| Q4 24 | $887.0M | $1.1B | ||
| Q3 24 | $909.2M | $1.0B | ||
| Q2 24 | $827.0M | $905.5M |
净利润FOURSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $40.2M | $141.4M | ||
| Q3 25 | $28.1M | — | ||
| Q2 25 | $34.0M | $105.0M | ||
| Q1 25 | $16.7M | $68.7M | ||
| Q4 24 | $116.0M | $162.0M | ||
| Q3 24 | $53.8M | $60.5M | ||
| Q2 24 | $39.2M | $120.9M |
毛利率FOURSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率FOURSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 10.8% | 10.1% | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 8.6% | 11.5% | ||
| Q1 25 | 3.0% | 10.2% | ||
| Q4 24 | 9.7% | 16.9% | ||
| Q3 24 | 8.8% | 5.8% | ||
| Q2 24 | 7.2% | 14.4% |
净利率FOURSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.4% | 12.9% | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 3.5% | 10.9% | ||
| Q1 25 | 2.0% | 7.2% | ||
| Q4 24 | 13.1% | 15.2% | ||
| Q3 24 | 5.9% | 5.9% | ||
| Q2 24 | 4.7% | 13.4% |
每股收益（稀释后）FOURSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0.70 | ||
| Q1 25 | — | $0.43 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $4.5B | $496.6M |
| 股东权益账面价值 | $1.4B | $5.8B |
| 总资产 | $8.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 3.15× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资FOURSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $964.0M | $1.4B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $3.0B | $1.3B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $205.0M | $1.3B |
总债务FOURSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $4.5B | $496.4M | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | $496.2M | ||
| Q1 25 | $2.8B | $995.1M | ||
| Q4 24 | $2.8B | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益FOURSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $1.4B | $5.8B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $5.7B | ||
| Q1 25 | $805.2M | $5.9B | ||
| Q4 24 | $806.6M | $6.4B | ||
| Q3 24 | $811.8M | $6.3B | ||
| Q2 24 | $700.8M | $6.3B |
总资产FOURSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $8.7B | $7.9B | ||
| Q3 25 | $9.0B | — | ||
| Q2 25 | $7.0B | $7.7B | ||
| Q1 25 | $5.0B | $7.9B | ||
| Q4 24 | $5.0B | $8.3B | ||
| Q3 24 | $5.0B | $8.3B | ||
| Q2 24 | $3.5B | $8.2B |
负债/权益比FOURSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 3.15× | 0.09× | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | 0.09× | ||
| Q1 25 | 3.53× | 0.17× | ||
| Q4 24 | 3.52× | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $222.5M | $339.0M |
| 自由现金流率自由现金流/营收 | 18.7% | 32.7% |
| 资本支出强度资本支出/营收 | 0.1% | 5.5% |
| 现金转化率经营现金流/净利润 | 5.56× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $624.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流FOURSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $223.7M | $200.0M | ||
| Q3 25 | $171.8M | — | ||
| Q2 25 | $141.9M | $314.2M | ||
| Q1 25 | $96.6M | $409.4M | ||
| Q4 24 | $145.4M | $377.2M | ||
| Q3 24 | $182.1M | $476.1M | ||
| Q2 24 | $116.1M | $273.4M |
自由现金流FOURSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $222.5M | $144.0M | ||
| Q3 25 | $165.4M | — | ||
| Q2 25 | $141.0M | $252.7M | ||
| Q1 25 | $95.1M | $370.9M | ||
| Q4 24 | $143.8M | $338.2M | ||
| Q3 24 | $180.1M | $393.3M | ||
| Q2 24 | $113.9M | $249.0M |
自由现金流率FOURSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 18.7% | 13.1% | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 14.6% | 26.2% | ||
| Q1 25 | 11.2% | 38.9% | ||
| Q4 24 | 16.2% | 31.7% | ||
| Q3 24 | 19.8% | 38.4% | ||
| Q2 24 | 13.8% | 27.5% |
资本支出强度FOURSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 0.1% | 5.1% | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | 6.4% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.2% | 8.1% | ||
| Q2 24 | 0.3% | 2.7% |
现金转化率FOURSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 5.56× | 1.41× | ||
| Q3 25 | 6.11× | — | ||
| Q2 25 | 4.17× | 2.99× | ||
| Q1 25 | 5.78× | 5.96× | ||
| Q4 24 | 1.25× | 2.33× | ||
| Q3 24 | 3.38× | 7.87× | ||
| Q2 24 | 2.96× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
