vs
Gen Digital（GEN）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是Gen Digital的3.0倍（$3.7B vs $1.2B）。SHOPIFY INC.净利率更高（20.2% vs 15.5%，领先4.8%）。SHOPIFY INC.同比增速更快（30.6% vs 28.5%）。过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 13.4%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
GEN vs SHOP — 直观对比
营收规模更大
SHOP
是对方的3.0倍
$1.2B
营收增速更快
SHOP
高出2.1%
28.5%
净利率更高
SHOP
高出4.8%
15.5%
两年增速更快
SHOP
近两年复合增速
13.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $3.7B |
| 净利润 | $192.0M | $743.0M |
| 毛利率 | 78.4% | 46.1% |
| 营业利润率 | 34.9% | 17.2% |
| 净利率 | 15.5% | 20.2% |
| 营收同比 | 28.5% | 30.6% |
| 净利润同比 | 6.1% | -42.5% |
| 每股收益（稀释后） | $0.31 | $0.58 |
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GENSHOP
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $3.7B | ||
| Q3 25 | $1.3B | $2.8B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $986.0M | $2.8B | ||
| Q3 24 | $974.0M | $2.2B | ||
| Q2 24 | $965.0M | $2.0B |
净利润GENSHOP
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $743.0M | ||
| Q3 25 | $135.0M | $264.0M | ||
| Q2 25 | — | $906.0M | ||
| Q1 25 | $142.0M | $-682.0M | ||
| Q4 24 | $159.0M | $1.3B | ||
| Q3 24 | $161.0M | $828.0M | ||
| Q2 24 | $181.0M | $171.0M |
毛利率GENSHOP
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | 46.1% | ||
| Q3 25 | 78.8% | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | 80.3% | 49.5% | ||
| Q4 24 | 80.4% | 48.1% | ||
| Q3 24 | 80.1% | 51.7% | ||
| Q2 24 | 80.3% | 51.1% |
营业利润率GENSHOP
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | 17.2% | ||
| Q3 25 | 35.5% | 12.1% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | 41.3% | 8.6% | ||
| Q4 24 | 37.9% | 16.5% | ||
| Q3 24 | 41.3% | 13.1% | ||
| Q2 24 | 43.2% | 11.8% |
净利率GENSHOP
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | 20.2% | ||
| Q3 25 | 10.7% | 9.3% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | 14.1% | -28.9% | ||
| Q4 24 | 16.1% | 46.0% | ||
| Q3 24 | 16.5% | 38.3% | ||
| Q2 24 | 18.8% | 8.4% |
每股收益（稀释后）GENSHOP
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $0.58 | ||
| Q3 25 | $0.22 | $0.20 | ||
| Q2 25 | — | $0.69 | ||
| Q1 25 | $0.22 | $-0.53 | ||
| Q4 24 | $0.26 | $0.99 | ||
| Q3 24 | $0.26 | $0.64 | ||
| Q2 24 | $0.29 | $0.13 |
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 | — | $5.8B |
| 总债务越低越好 | $8.4B | — |
| 股东权益账面价值 | $2.3B | $13.5B |
| 总资产 | $15.8B | $15.2B |
| 负债/权益比越低杠杆越低 | 3.61× | — |
8季度趋势，按日历期对齐
现金及短期投资GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | $1.0B | $5.5B | ||
| Q4 24 | $883.0M | $5.5B | ||
| Q3 24 | $737.0M | — | ||
| Q2 24 | $644.0M | — |
总债务GENSHOP
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
股东权益GENSHOP
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $13.5B | ||
| Q3 25 | $2.4B | $12.5B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | $2.3B | $11.1B | ||
| Q4 24 | $2.2B | $11.6B | ||
| Q3 24 | $2.1B | $10.1B | ||
| Q2 24 | $2.0B | $9.2B |
总资产GENSHOP
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $15.2B | ||
| Q3 25 | $16.4B | $15.0B | ||
| Q2 25 | — | $14.6B | ||
| Q1 25 | $15.5B | $13.4B | ||
| Q4 24 | $15.4B | $13.9B | ||
| Q3 24 | $15.5B | — | ||
| Q2 24 | $15.4B | — |
负债/权益比GENSHOP
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | — | ||
| Q3 25 | 3.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 4.06× | — | ||
| Q2 24 | 4.33× | — |
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 | — | $725.0M |
| 自由现金流经营现金流 - 资本支出 | — | $715.0M |
| 自由现金流率自由现金流/营收 | — | 19.5% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $725.0M | ||
| Q3 25 | $409.0M | $513.0M | ||
| Q2 25 | — | $428.0M | ||
| Q1 25 | $473.0M | $367.0M | ||
| Q4 24 | $326.0M | $615.0M | ||
| Q3 24 | $158.0M | $423.0M | ||
| Q2 24 | $264.0M | $340.0M |
自由现金流GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | $715.0M | ||
| Q3 25 | $405.0M | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | $470.0M | $363.0M | ||
| Q4 24 | $318.0M | $611.0M | ||
| Q3 24 | $156.0M | $421.0M | ||
| Q2 24 | $262.0M | $333.0M |
自由现金流率GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | 19.5% | ||
| Q3 25 | 32.2% | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | 46.5% | 15.4% | ||
| Q4 24 | 32.3% | 21.7% | ||
| Q3 24 | 16.0% | 19.5% | ||
| Q2 24 | 27.2% | 16.3% |
资本支出强度GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.8% | 0.1% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.2% | 0.3% |
现金转化率GENSHOP
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | 0.98× | ||
| Q3 25 | 3.03× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.05× | 0.48× | ||
| Q3 24 | 0.98× | 0.51× | ||
| Q2 24 | 1.46× | 1.99× |
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
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
