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GigaCloud Technology Inc（GCT）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.8倍（$332.6M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 11.2%，领先36.8%），GigaCloud Technology Inc同比增速更快（9.7% vs -21.9%），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs -15.4%）
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。
GCT vs RILY — 直观对比
营收规模更大
GCT
是对方的1.8倍
$188.3M
营收增速更快
GCT
高出31.5%
-21.9%
净利率更高
RILY
高出36.8%
11.2%
两年增速更快
GCT
近两年复合增速
-15.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $188.3M |
| 净利润 | $37.2M | $90.3M |
| 毛利率 | 23.2% | 79.5% |
| 营业利润率 | 12.2% | 32.3% |
| 净利率 | 11.2% | 47.9% |
| 营收同比 | 9.7% | -21.9% |
| 净利润同比 | -8.6% | 1710.8% |
| 每股收益（稀释后） | $0.99 | $2.78 |
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GCTRILY
| Q4 25 | — | $188.3M | ||
| Q3 25 | $332.6M | $215.3M | ||
| Q2 25 | $322.6M | $188.2M | ||
| Q1 25 | $271.9M | $197.2M | ||
| Q4 24 | $295.8M | $241.0M | ||
| Q3 24 | $303.3M | $225.5M | ||
| Q2 24 | $310.9M | $256.0M | ||
| Q1 24 | $251.1M | $263.4M |
净利润GCTRILY
| Q4 25 | — | $90.3M | ||
| Q3 25 | $37.2M | $91.1M | ||
| Q2 25 | $34.6M | $139.5M | ||
| Q1 25 | $27.1M | $-10.0M | ||
| Q4 24 | $31.0M | $-5.6M | ||
| Q3 24 | $40.7M | $-284.4M | ||
| Q2 24 | $27.0M | $-433.6M | ||
| Q1 24 | $27.2M | $-49.2M |
毛利率GCTRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | 23.2% | 83.7% | ||
| Q2 25 | 23.9% | 81.3% | ||
| Q1 25 | 23.4% | 81.4% | ||
| Q4 24 | 22.0% | 79.8% | ||
| Q3 24 | 25.5% | 82.1% | ||
| Q2 24 | 24.6% | 84.5% | ||
| Q1 24 | 26.5% | 85.3% |
营业利润率GCTRILY
| Q4 25 | — | 32.3% | ||
| Q3 25 | 12.2% | 30.4% | ||
| Q2 25 | 11.1% | 5.7% | ||
| Q1 25 | 10.4% | -31.2% | ||
| Q4 24 | 9.3% | -69.2% | ||
| Q3 24 | 13.4% | -36.4% | ||
| Q2 24 | 8.8% | -90.8% | ||
| Q1 24 | 13.9% | -6.1% |
净利率GCTRILY
| Q4 25 | — | 47.9% | ||
| Q3 25 | 11.2% | 42.3% | ||
| Q2 25 | 10.7% | 74.1% | ||
| Q1 25 | 10.0% | -5.1% | ||
| Q4 24 | 10.5% | -2.3% | ||
| Q3 24 | 13.4% | -126.1% | ||
| Q2 24 | 8.7% | -169.4% | ||
| Q1 24 | 10.8% | -18.7% |
每股收益（稀释后）GCTRILY
| Q4 25 | — | $2.78 | ||
| Q3 25 | $0.99 | $2.91 | ||
| Q2 25 | $0.91 | $4.50 | ||
| Q1 25 | $0.68 | $-0.39 | ||
| Q4 24 | $0.76 | $-0.01 | ||
| Q3 24 | $0.98 | $-9.39 | ||
| Q2 24 | $0.65 | $-14.35 | ||
| Q1 24 | $0.66 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $457.3M | $-171.5M |
| 总资产 | $1.1B | $1.7B |
| 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GCTRILY
| Q4 25 | — | $226.6M | ||
| Q3 25 | $365.9M | $184.2M | ||
| Q2 25 | $303.0M | $267.4M | ||
| Q1 25 | $286.8M | $138.3M | ||
| Q4 24 | $302.4M | $146.9M | ||
| Q3 24 | $259.8M | $159.2M | ||
| Q2 24 | $207.8M | $236.9M | ||
| Q1 24 | $195.3M | $190.7M |
总债务GCTRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GCTRILY
| Q4 25 | — | $-171.5M | ||
| Q3 25 | $457.3M | $-260.5M | ||
| Q2 25 | $431.4M | $-351.7M | ||
| Q1 25 | $412.9M | $-496.8M | ||
| Q4 24 | $405.2M | $-488.2M | ||
| Q3 24 | $400.4M | $-497.6M | ||
| Q2 24 | $358.4M | $-218.3M | ||
| Q1 24 | $317.8M | $228.4M |
总资产GCTRILY
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $977.6M | $5.0B |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | — |
| 自由现金流率自由现金流/营收 | 23.2% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 2.10× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $188.1M | — |
8季度趋势，按日历期对齐
经营现金流GCTRILY
| Q4 25 | — | $26.2M | ||
| Q3 25 | $78.3M | $-60.6M | ||
| Q2 25 | $38.6M | $-25.6M | ||
| Q1 25 | $9.4M | $184.0K | ||
| Q4 24 | $68.4M | $-2.7M | ||
| Q3 24 | $55.2M | $19.5M | ||
| Q2 24 | $19.1M | $111.5M | ||
| Q1 24 | $15.3M | $135.4M |
自由现金流GCTRILY
| Q4 25 | — | — | ||
| Q3 25 | $77.1M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | $66.9M | — | ||
| Q3 24 | $51.4M | — | ||
| Q2 24 | $12.9M | — | ||
| Q1 24 | $11.3M | — |
自由现金流率GCTRILY
| Q4 25 | — | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 4.5% | — |
资本支出强度GCTRILY
| Q4 25 | — | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 1.6% | — |
现金转化率GCTRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | 2.10× | -0.66× | ||
| Q2 25 | 1.12× | -0.18× | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.56× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
