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Fiverr International Ltd.（FVRR）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）财务数据对比。点击上方公司名可切换其他公司
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的季度营收约是Fiverr International Ltd.的1.2倍（$331.3M vs $287.8M），Fiverr International Ltd.净利率更高（1.9% vs 0.0%，领先1.9%），Fiverr International Ltd.自由现金流更多（$52.1M vs $8.7M），过去两年Fiverr International Ltd.的营收复合增速更高（29.5% vs -5.4%）
Fiverr International Ltd.运营全球在线自由职业服务平台，连接160余个国家的企业客户与独立创作者，提供数字营销、平面设计、编程、文案撰写、视频剪辑等多领域专业服务，满足各类客户灵活的按需用工需求。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
FVRR vs SPWH — 直观对比
营收规模更大
SPWH
是对方的1.2倍
$287.8M
净利率更高
FVRR
高出1.9%
0.0%
自由现金流更多
FVRR
多$43.3M
$8.7M
两年增速更快
FVRR
近两年复合增速
-5.4%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $287.8M | $331.3M |
| 净利润 | $5.4M | $8.0K |
| 毛利率 | 82.5% | 32.8% |
| 营业利润率 | -3.5% | 1.3% |
| 净利率 | 1.9% | 0.0% |
| 营收同比 | — | 2.2% |
| 净利润同比 | — | -97.8% |
| 每股收益（稀释后） | — | $0.00 |
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FVRRSPWH
| Q4 25 | — | $331.3M | ||
| Q3 25 | $287.8M | $293.9M | ||
| Q2 25 | $188.2M | $249.1M | ||
| Q1 25 | $93.5M | $340.4M | ||
| Q4 24 | — | $324.3M | ||
| Q3 24 | $269.9M | $288.7M | ||
| Q2 24 | $177.3M | $244.2M | ||
| Q1 24 | $88.0M | $370.4M |
净利润FVRRSPWH
| Q4 25 | — | $8.0K | ||
| Q3 25 | $5.4M | $-7.1M | ||
| Q2 25 | $4.1M | $-21.3M | ||
| Q1 25 | $788.0K | $-8.7M | ||
| Q4 24 | — | $-364.0K | ||
| Q3 24 | $-1.0M | $-5.9M | ||
| Q2 24 | $-4.0M | $-18.1M | ||
| Q1 24 | $-4.3M | $-8.7M |
毛利率FVRRSPWH
| Q4 25 | — | 32.8% | ||
| Q3 25 | 82.5% | 32.0% | ||
| Q2 25 | 83.3% | 30.4% | ||
| Q1 25 | 83.5% | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | 82.8% | 31.2% | ||
| Q2 24 | 82.4% | 30.2% | ||
| Q1 24 | 82.2% | 26.8% |
营业利润率FVRRSPWH
| Q4 25 | — | 1.3% | ||
| Q3 25 | -3.5% | -1.1% | ||
| Q2 25 | -3.4% | -7.9% | ||
| Q1 25 | -4.4% | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | -5.0% | -1.5% | ||
| Q2 24 | -6.3% | -8.4% | ||
| Q1 24 | -8.1% | -2.1% |
净利率FVRRSPWH
| Q4 25 | — | 0.0% | ||
| Q3 25 | 1.9% | -2.4% | ||
| Q2 25 | 2.2% | -8.5% | ||
| Q1 25 | 0.8% | -2.6% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | -0.4% | -2.0% | ||
| Q2 24 | -2.3% | -7.4% | ||
| Q1 24 | -4.9% | -2.4% |
每股收益（稀释后）FVRRSPWH
| Q4 25 | — | $0.00 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $-0.22 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | — | $-0.48 | ||
| Q1 24 | — | $-0.22 |
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 | $133.5M | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | $362.6M | $209.5M |
| 总资产 | $1.1B | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资FVRRSPWH
| Q4 25 | — | $2.2M | ||
| Q3 25 | $133.5M | $1.8M | ||
| Q2 25 | $578.4M | $3.6M | ||
| Q1 25 | $133.5M | $2.8M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $183.7M | $2.6M | ||
| Q2 24 | $183.7M | $2.2M | ||
| Q1 24 | $183.7M | $3.1M |
总债务FVRRSPWH
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $24.1M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FVRRSPWH
| Q4 25 | — | $209.5M | ||
| Q3 25 | $362.6M | $208.9M | ||
| Q2 25 | $404.9M | $215.1M | ||
| Q1 25 | $362.6M | $235.7M | ||
| Q4 24 | — | $243.6M | ||
| Q3 24 | $355.8M | $243.0M | ||
| Q2 24 | $355.8M | $247.5M | ||
| Q1 24 | $355.8M | $264.6M |
总资产FVRRSPWH
| Q4 25 | — | $913.9M | ||
| Q3 25 | $1.1B | $948.9M | ||
| Q2 25 | $1.1B | $929.7M | ||
| Q1 25 | $1.1B | $852.1M | ||
| Q4 24 | — | $967.7M | ||
| Q3 24 | $1.0B | $901.9M | ||
| Q2 24 | $1.0B | $930.4M | ||
| Q1 24 | $1.0B | $886.2M |
负债/权益比FVRRSPWH
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | — | ||
| Q1 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 | $53.0M | $16.3M |
| 自由现金流经营现金流 - 资本支出 | $52.1M | $8.7M |
| 自由现金流率自由现金流/营收 | 18.1% | 2.6% |
| 资本支出强度资本支出/营收 | 0.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 9.81× | 2038.00× |
| 过去12个月自由现金流最近4个季度 | $124.9M | $-39.7M |
8季度趋势，按日历期对齐
经营现金流FVRRSPWH
| Q4 25 | — | $16.3M | ||
| Q3 25 | $53.0M | $-26.6M | ||
| Q2 25 | $42.2M | $-60.2M | ||
| Q1 25 | $21.2M | $52.8M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | $10.9M | $18.5M | ||
| Q2 24 | $32.2M | $-34.6M | ||
| Q1 24 | $21.2M | $68.9M |
自由现金流FVRRSPWH
| Q4 25 | — | $8.7M | ||
| Q3 25 | $52.1M | $-33.9M | ||
| Q2 25 | $41.5M | $-64.0M | ||
| Q1 25 | $20.8M | $49.6M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | $10.6M | $14.1M | ||
| Q2 24 | $31.5M | $-38.0M | ||
| Q1 24 | $20.8M | $60.2M |
自由现金流率FVRRSPWH
| Q4 25 | — | 2.6% | ||
| Q3 25 | 18.1% | -11.5% | ||
| Q2 25 | 22.0% | -25.7% | ||
| Q1 25 | 22.3% | 14.6% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | 3.9% | 4.9% | ||
| Q2 24 | 17.8% | -15.5% | ||
| Q1 24 | 23.7% | 16.2% |
资本支出强度FVRRSPWH
| Q4 25 | — | 2.3% | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | 0.4% | 1.5% | ||
| Q1 25 | 0.4% | 1.0% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.4% | 1.4% | ||
| Q1 24 | 0.4% | 2.4% |
现金转化率FVRRSPWH
| Q4 25 | — | 2038.00× | ||
| Q3 25 | 9.81× | — | ||
| Q2 25 | 10.40× | — | ||
| Q1 25 | 26.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
