vs
GigaCloud Technology Inc（GCT）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
GigaCloud Technology Inc的季度营收约是PROGRESS SOFTWARE CORP的1.3倍（$332.6M vs $252.7M），GigaCloud Technology Inc净利率更高（11.2% vs 10.2%，领先1.0%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 9.7%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $59.9M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 17.0%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
GCT vs PRGS — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $252.7M |
| 净利润 | $37.2M | $25.7M |
| 毛利率 | 23.2% | 81.6% |
| 营业利润率 | 12.2% | 15.2% |
| 净利率 | 11.2% | 10.2% |
| 营收同比 | 9.7% | 17.5% |
| 净利润同比 | -8.6% | 2144.6% |
| 每股收益（稀释后） | $0.99 | $0.59 |
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
| Q4 25 | — | $252.7M | ||
| Q3 25 | $332.6M | $249.8M | ||
| Q2 25 | $322.6M | $237.4M | ||
| Q1 25 | $271.9M | $238.0M | ||
| Q4 24 | $295.8M | $215.0M | ||
| Q3 24 | $303.3M | $178.7M | ||
| Q2 24 | $310.9M | $175.1M | ||
| Q1 24 | $251.1M | $184.7M |
| Q4 25 | — | $25.7M | ||
| Q3 25 | $37.2M | $19.4M | ||
| Q2 25 | $34.6M | $17.0M | ||
| Q1 25 | $27.1M | $10.9M | ||
| Q4 24 | $31.0M | $1.1M | ||
| Q3 24 | $40.7M | $28.5M | ||
| Q2 24 | $27.0M | $16.2M | ||
| Q1 24 | $27.2M | $22.6M |
| Q4 25 | — | 81.6% | ||
| Q3 25 | 23.2% | 81.0% | ||
| Q2 25 | 23.9% | 80.1% | ||
| Q1 25 | 23.4% | 80.6% | ||
| Q4 24 | 22.0% | 83.0% | ||
| Q3 24 | 25.5% | 83.7% | ||
| Q2 24 | 24.6% | 81.7% | ||
| Q1 24 | 26.5% | 82.2% |
| Q4 25 | — | 15.2% | ||
| Q3 25 | 12.2% | 17.6% | ||
| Q2 25 | 11.1% | 16.3% | ||
| Q1 25 | 10.4% | 13.6% | ||
| Q4 24 | 9.3% | 10.0% | ||
| Q3 24 | 13.4% | 22.6% | ||
| Q2 24 | 8.8% | 15.5% | ||
| Q1 24 | 13.9% | 19.0% |
| Q4 25 | — | 10.2% | ||
| Q3 25 | 11.2% | 7.8% | ||
| Q2 25 | 10.7% | 7.2% | ||
| Q1 25 | 10.0% | 4.6% | ||
| Q4 24 | 10.5% | 0.5% | ||
| Q3 24 | 13.4% | 15.9% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 10.8% | 12.3% |
| Q4 25 | — | $0.59 | ||
| Q3 25 | $0.99 | $0.44 | ||
| Q2 25 | $0.91 | $0.39 | ||
| Q1 25 | $0.68 | $0.24 | ||
| Q4 24 | $0.76 | $0.01 | ||
| Q3 24 | $0.98 | $0.65 | ||
| Q2 24 | $0.65 | $0.37 | ||
| Q1 24 | $0.66 | $0.51 |
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 | $365.9M | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $457.3M | $478.3M |
| 总资产 | $1.1B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
| Q4 25 | — | $94.8M | ||
| Q3 25 | $365.9M | $99.0M | ||
| Q2 25 | $303.0M | $102.0M | ||
| Q1 25 | $286.8M | $124.2M | ||
| Q4 24 | $302.4M | $118.1M | ||
| Q3 24 | $259.8M | $232.7M | ||
| Q2 24 | $207.8M | $190.4M | ||
| Q1 24 | $195.3M | $133.2M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $478.3M | ||
| Q3 25 | $457.3M | $477.7M | ||
| Q2 25 | $431.4M | $452.7M | ||
| Q1 25 | $412.9M | $431.8M | ||
| Q4 24 | $405.2M | $438.8M | ||
| Q3 24 | $400.4M | $425.6M | ||
| Q2 24 | $358.4M | $401.7M | ||
| Q1 24 | $317.8M | $461.7M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $977.6M | $1.5B |
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| 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 | $78.3M | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | $59.9M |
| 自由现金流率自由现金流/营收 | 23.2% | 23.7% |
| 资本支出强度资本支出/营收 | 0.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.10× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $188.1M | $229.5M |
8季度趋势，按日历期对齐
| Q4 25 | — | $62.8M | ||
| Q3 25 | $78.3M | $73.4M | ||
| Q2 25 | $38.6M | $30.0M | ||
| Q1 25 | $9.4M | $68.9M | ||
| Q4 24 | $68.4M | $19.7M | ||
| Q3 24 | $55.2M | $57.7M | ||
| Q2 24 | $19.1M | $63.7M | ||
| Q1 24 | $15.3M | $70.5M |
| Q4 25 | — | $59.9M | ||
| Q3 25 | $77.1M | $72.4M | ||
| Q2 25 | $37.0M | $29.5M | ||
| Q1 25 | $7.0M | $67.7M | ||
| Q4 24 | $66.9M | $16.8M | ||
| Q3 24 | $51.4M | $56.6M | ||
| Q2 24 | $12.9M | $62.7M | ||
| Q1 24 | $11.3M | $70.2M |
| Q4 25 | — | 23.7% | ||
| Q3 25 | 23.2% | 29.0% | ||
| Q2 25 | 11.5% | 12.4% | ||
| Q1 25 | 2.6% | 28.4% | ||
| Q4 24 | 22.6% | 7.8% | ||
| Q3 24 | 16.9% | 31.7% | ||
| Q2 24 | 4.2% | 35.8% | ||
| Q1 24 | 4.5% | 38.0% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 0.4% | 0.4% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.9% | 0.5% | ||
| Q4 24 | 0.5% | 1.3% | ||
| Q3 24 | 1.3% | 0.6% | ||
| Q2 24 | 2.0% | 0.5% | ||
| Q1 24 | 1.6% | 0.2% |
| Q4 25 | — | 2.44× | ||
| Q3 25 | 2.10× | 3.78× | ||
| Q2 25 | 1.12× | 1.76× | ||
| Q1 25 | 0.35× | 6.30× | ||
| Q4 24 | 2.21× | 17.13× | ||
| Q3 24 | 1.36× | 2.03× | ||
| Q2 24 | 0.71× | 3.93× | ||
| Q1 24 | 0.56× | 3.11× |
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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
