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FIRST MERCHANTS CORP（FRME）与OneStream, Inc.（OS）财务数据对比。点击上方公司名可切换其他公司
OneStream, Inc.的季度营收约是FIRST MERCHANTS CORP的1.0倍（$163.7M vs $157.1M），FIRST MERCHANTS CORP净利率更高（17.9% vs 0.6%，领先17.3%），过去两年OneStream, Inc.的营收复合增速更高（21.8% vs -0.9%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
FRME vs OS — 直观对比
营收规模更大
OS
是对方的1.0倍
$157.1M
净利率更高
FRME
高出17.3%
0.6%
两年增速更快
OS
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $163.7M |
| 净利润 | $28.2M | $999.0K |
| 毛利率 | — | 69.8% |
| 营业利润率 | — | -3.2% |
| 净利率 | 17.9% | 0.6% |
| 营收同比 | — | 23.6% |
| 净利润同比 | -49.1% | — |
| 每股收益（稀释后） | $0.45 | — |
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FRMEOS
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $163.7M | ||
| Q3 25 | $166.1M | $154.3M | ||
| Q2 25 | $164.3M | $147.6M | ||
| Q1 25 | $160.3M | $136.3M | ||
| Q4 24 | $177.1M | $132.5M | ||
| Q3 24 | $156.0M | $129.1M | ||
| Q2 24 | $159.9M | $117.5M |
净利润FRMEOS
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $999.0K | ||
| Q3 25 | $56.8M | $-8.8M | ||
| Q2 25 | $56.8M | $-18.4M | ||
| Q1 25 | $55.3M | $-24.0M | ||
| Q4 24 | $64.3M | — | ||
| Q3 24 | $49.2M | $-171.9M | ||
| Q2 24 | $39.9M | $-7.8M |
毛利率FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | — | 50.1% | ||
| Q2 24 | — | 68.5% |
营业利润率FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | -3.2% | ||
| Q3 25 | 39.3% | -11.3% | ||
| Q2 25 | 39.6% | -21.8% | ||
| Q1 25 | 39.4% | -29.3% | ||
| Q4 24 | 43.3% | -35.8% | ||
| Q3 24 | 36.1% | -197.6% | ||
| Q2 24 | 27.5% | -9.8% |
净利率FRMEOS
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | 0.6% | ||
| Q3 25 | 34.2% | -5.7% | ||
| Q2 25 | 34.6% | -12.5% | ||
| Q1 25 | 34.5% | -17.6% | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 31.5% | -133.1% | ||
| Q2 24 | 25.0% | -6.7% |
每股收益（稀释后）FRMEOS
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | — | ||
| Q3 25 | $0.98 | — | ||
| Q2 25 | $0.98 | — | ||
| Q1 25 | $0.94 | — | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $0.84 | $-1.06 | ||
| Q2 24 | $0.68 | — |
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 | — | $693.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $504.7M |
| 总资产 | $21.1B | $1.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | — | $693.6M | ||
| Q3 25 | — | $653.9M | ||
| Q2 25 | — | $652.1M | ||
| Q1 25 | — | $593.9M | ||
| Q4 24 | — | $544.2M | ||
| Q3 24 | — | $495.5M | ||
| Q2 24 | — | $140.5M |
股东权益FRMEOS
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $504.7M | ||
| Q3 25 | $2.4B | $472.1M | ||
| Q2 25 | $2.3B | $458.2M | ||
| Q1 25 | $2.3B | $412.9M | ||
| Q4 24 | $2.3B | $386.2M | ||
| Q3 24 | $2.3B | $458.2M | ||
| Q2 24 | $2.2B | $97.5M |
总资产FRMEOS
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $1.0B | ||
| Q3 25 | $18.8B | $949.4M | ||
| Q2 25 | $18.6B | $910.5M | ||
| Q1 25 | $18.4B | $867.3M | ||
| Q4 24 | $18.3B | $823.2M | ||
| Q3 24 | $18.3B | $750.1M | ||
| Q2 24 | $18.3B | $379.7M |
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 | — | $25.8M |
| 自由现金流经营现金流 - 资本支出 | — | $25.6M |
| 自由现金流率自由现金流/营收 | — | 15.7% |
| 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 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | — | $95.6M |
8季度趋势，按日历期对齐
经营现金流FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $25.8M | ||
| Q3 25 | $87.6M | $5.0M | ||
| Q2 25 | $53.7M | $29.7M | ||
| Q1 25 | $61.7M | $36.2M | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $76.8M | $2.4M | ||
| Q2 24 | $63.0M | $8.1M |
自由现金流FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | — | $25.6M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $35.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $7.7M |
自由现金流率FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 6.6% |
资本支出强度FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.3% |
现金转化率FRMEOS
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | 25.79× | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 4.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.58× | — |
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
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
