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合众银行（FSBC）与i3 Verticals, Inc.（IIIV）财务数据对比。点击上方公司名可切换其他公司
i3 Verticals, Inc.的季度营收约是合众银行的1.2倍（$52.7M vs $45.1M），合众银行净利率更高（41.3% vs 0.9%，领先40.4%），过去两年合众银行的营收复合增速更高（21.3% vs -4.7%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
Prusa i3是捷克Prusa Research公司生产的熔融沉积成型3D打印机系列，以Original Prusa i3为注册商标推出，同时也是RepRap项目的组成部分。2016年该系列就被评为全球使用率最高的3D打印机，最早由Josef Průša在2012年完成设计，2015年正式推出商用套件版本，目前最新型号同时提供散件套件和原厂组装版本，具备性价比高、易操作的优势。
FSBC vs IIIV — 直观对比
营收规模更大
IIIV
是对方的1.2倍
$45.1M
净利率更高
FSBC
高出40.4%
0.9%
两年增速更快
FSBC
近两年复合增速
-4.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $52.7M |
| 净利润 | $18.6M | $484.0K |
| 毛利率 | — | — |
| 营业利润率 | — | 3.1% |
| 净利率 | 41.3% | 0.9% |
| 营收同比 | — | -14.6% |
| 净利润同比 | 42.0% | -76.5% |
| 每股收益（稀释后） | $0.87 | $0.02 |
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FSBCIIIV
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $52.7M | ||
| Q3 25 | $41.3M | $46.0M | ||
| Q2 25 | $38.3M | $51.9M | ||
| Q1 25 | $35.3M | $63.1M | ||
| Q4 24 | $35.2M | $52.2M | ||
| Q3 24 | $31.8M | $32.0M | ||
| Q2 24 | $30.7M | $46.2M |
净利润FSBCIIIV
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $484.0K | ||
| Q3 25 | $16.3M | $3.1M | ||
| Q2 25 | $14.5M | $12.9M | ||
| Q1 25 | $13.1M | $-154.0K | ||
| Q4 24 | $13.3M | $2.1M | ||
| Q3 24 | $10.9M | $117.9M | ||
| Q2 24 | $10.8M | $-7.5M |
营业利润率FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | 3.1% | ||
| Q3 25 | 53.8% | 3.2% | ||
| Q2 25 | 52.4% | -9.3% | ||
| Q1 25 | 52.0% | 8.0% | ||
| Q4 24 | 55.1% | 3.9% | ||
| Q3 24 | 48.0% | 10.6% | ||
| Q2 24 | 49.4% | -2.8% |
净利率FSBCIIIV
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | 0.9% | ||
| Q3 25 | 39.6% | 6.7% | ||
| Q2 25 | 37.9% | 24.8% | ||
| Q1 25 | 37.1% | -0.2% | ||
| Q4 24 | 37.9% | 3.9% | ||
| Q3 24 | 34.4% | 368.2% | ||
| Q2 24 | 35.2% | -16.3% |
每股收益（稀释后）FSBCIIIV
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $0.02 | ||
| Q3 25 | $0.77 | $0.14 | ||
| Q2 25 | $0.68 | $0.50 | ||
| Q1 25 | $0.62 | $0.00 | ||
| Q4 24 | $0.61 | $0.08 | ||
| Q3 24 | $0.52 | $4.93 | ||
| Q2 24 | $0.51 | $-0.32 |
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 | $644.4M | $37.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $458.5M | $358.5M |
| 总资产 | $5.0B | $595.9M |
| 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FSBCIIIV
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $37.5M | ||
| Q3 25 | — | $66.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $7.7M | ||
| Q4 24 | — | $85.6M | ||
| Q3 24 | — | $86.5M | ||
| Q2 24 | — | $9.7M |
总债务FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | — | $26.2M | ||
| Q2 24 | — | $374.1M |
股东权益FSBCIIIV
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $358.5M | ||
| Q3 25 | $431.3M | $389.6M | ||
| Q2 25 | $416.7M | $383.3M | ||
| Q1 25 | $406.5M | $385.2M | ||
| Q4 24 | $396.6M | $375.0M | ||
| Q3 24 | $389.9M | $379.7M | ||
| Q2 24 | $380.5M | $249.7M |
总资产FSBCIIIV
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $595.9M | ||
| Q3 25 | $4.6B | $638.4M | ||
| Q2 25 | $4.4B | $623.3M | ||
| Q1 25 | $4.2B | $646.4M | ||
| Q4 24 | $4.1B | $726.2M | ||
| Q3 24 | $3.9B | $730.7M | ||
| Q2 24 | $3.6B | $861.7M |
负债/权益比FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 1.50× |
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 | — | $14.1M |
| 自由现金流经营现金流 - 资本支出 | — | $13.8M |
| 自由现金流率自由现金流/营收 | — | 26.2% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | — | 29.18× |
| 过去12个月自由现金流最近4个季度 | — | $6.5M |
8季度趋势，按日历期对齐
经营现金流FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $14.1M | ||
| Q3 25 | $18.8M | $14.0M | ||
| Q2 25 | $17.8M | $7.4M | ||
| Q1 25 | $15.5M | $-27.1M | ||
| Q4 24 | $51.8M | $11.5M | ||
| Q3 24 | $17.5M | $15.1M | ||
| Q2 24 | $16.0M | $8.1M |
自由现金流FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | $13.8M | ||
| Q3 25 | $18.6M | $13.5M | ||
| Q2 25 | $17.5M | $6.8M | ||
| Q1 25 | $15.4M | $-27.6M | ||
| Q4 24 | $51.2M | $11.0M | ||
| Q3 24 | $17.3M | $14.6M | ||
| Q2 24 | $15.8M | $7.2M |
自由现金流率FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | 26.2% | ||
| Q3 25 | 45.0% | 29.5% | ||
| Q2 25 | 45.8% | 13.1% | ||
| Q1 25 | 43.5% | -43.8% | ||
| Q4 24 | 145.5% | 21.1% | ||
| Q3 24 | 54.5% | 45.6% | ||
| Q2 24 | 51.6% | 15.6% |
资本支出强度FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 0.6% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.6% | 1.0% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 1.8% | 0.9% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | 0.7% | 1.9% |
现金转化率FSBCIIIV
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | 29.18× | ||
| Q3 25 | 1.15× | 4.52× | ||
| Q2 25 | 1.23× | 0.57× | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | 5.59× | ||
| Q3 24 | 1.60× | 0.13× | ||
| Q2 24 | 1.49× | — |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
IIIV
| License And Service | $35.7M | 68% |
| Proprietary Payments Revenue | $14.5M | 27% |
| Other Revenue | $2.5M | 5% |
