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固瑞克（GGG）与VEEVA SYSTEMS INC（VEEV）财务数据对比。点击上方公司名可切换其他公司
VEEVA SYSTEMS INC的季度营收约是固瑞克的1.4倍（$811.2M vs $593.2M），VEEVA SYSTEMS INC净利率更高（29.1% vs 22.3%，领先6.8%），VEEVA SYSTEMS INC同比增速更快（16.0% vs 8.1%），过去两年VEEVA SYSTEMS INC的营收复合增速更高（13.4% vs 9.8%）
固瑞克（Graco Inc.）是总部位于美国明尼苏达州明尼阿波利斯的工业企业，专注于流体处理系统及相关产品的研发与制造，旗下产品销往全球各地，广泛应用于多个工业领域。
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
GGG vs VEEV — 直观对比
营收规模更大
VEEV
是对方的1.4倍
$593.2M
营收增速更快
VEEV
高出7.9%
8.1%
净利率更高
VEEV
高出6.8%
22.3%
两年增速更快
VEEV
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $593.2M | $811.2M |
| 净利润 | $132.5M | $236.2M |
| 毛利率 | 51.7% | 75.4% |
| 营业利润率 | 26.7% | 29.7% |
| 净利率 | 22.3% | 29.1% |
| 营收同比 | 8.1% | 16.0% |
| 净利润同比 | 21.9% | 27.1% |
| 每股收益（稀释后） | $0.78 | $1.40 |
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GGGVEEV
| Q4 25 | $593.2M | $811.2M | ||
| Q3 25 | $543.4M | $789.1M | ||
| Q2 25 | $571.8M | $759.0M | ||
| Q1 25 | $528.3M | $720.9M | ||
| Q4 24 | $548.7M | $699.2M | ||
| Q3 24 | $519.2M | $676.2M | ||
| Q2 24 | $553.2M | $650.3M | ||
| Q1 24 | $492.2M | $630.6M |
净利润GGGVEEV
| Q4 25 | $132.5M | $236.2M | ||
| Q3 25 | $137.6M | $200.3M | ||
| Q2 25 | $127.6M | $228.2M | ||
| Q1 25 | $124.1M | $195.6M | ||
| Q4 24 | $108.7M | $185.8M | ||
| Q3 24 | $122.2M | $171.0M | ||
| Q2 24 | $133.0M | $161.7M | ||
| Q1 24 | $122.2M | $147.4M |
毛利率GGGVEEV
| Q4 25 | 51.7% | 75.4% | ||
| Q3 25 | 53.2% | 75.3% | ||
| Q2 25 | 52.4% | 77.1% | ||
| Q1 25 | 52.6% | 74.9% | ||
| Q4 24 | 50.9% | 75.1% | ||
| Q3 24 | 53.2% | 74.8% | ||
| Q2 24 | 54.4% | 73.3% | ||
| Q1 24 | 54.1% | 72.4% |
营业利润率GGGVEEV
| Q4 25 | 26.7% | 29.7% | ||
| Q3 25 | 30.3% | 24.8% | ||
| Q2 25 | 27.5% | 30.8% | ||
| Q1 25 | 27.3% | 26.1% | ||
| Q4 24 | 23.7% | 25.9% | ||
| Q3 24 | 28.1% | 24.6% | ||
| Q2 24 | 29.2% | 23.9% | ||
| Q1 24 | 27.0% | 21.4% |
净利率GGGVEEV
| Q4 25 | 22.3% | 29.1% | ||
| Q3 25 | 25.3% | 25.4% | ||
| Q2 25 | 22.3% | 30.1% | ||
| Q1 25 | 23.5% | 27.1% | ||
| Q4 24 | 19.8% | 26.6% | ||
| Q3 24 | 23.5% | 25.3% | ||
| Q2 24 | 24.0% | 24.9% | ||
| Q1 24 | 24.8% | 23.4% |
每股收益（稀释后）GGGVEEV
| Q4 25 | $0.78 | $1.40 | ||
| Q3 25 | $0.82 | $1.19 | ||
| Q2 25 | $0.76 | $1.37 | ||
| Q1 25 | $0.72 | $1.17 | ||
| Q4 24 | $0.63 | $1.13 | ||
| Q3 24 | $0.71 | $1.04 | ||
| Q2 24 | $0.77 | $0.98 | ||
| Q1 24 | $0.71 | $0.90 |
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 | $624.1M | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $7.0B |
| 总资产 | $3.3B | $8.1B |
| 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GGGVEEV
| Q4 25 | $624.1M | $1.7B | ||
| Q3 25 | $618.7M | $1.9B | ||
| Q2 25 | $534.9M | $2.0B | ||
| Q1 25 | $536.1M | $1.1B | ||
| Q4 24 | $675.3M | $1.0B | ||
| Q3 24 | $764.5M | $1.2B | ||
| Q2 24 | $666.0M | $1.2B | ||
| Q1 24 | $622.7M | $703.5M |
股东权益GGGVEEV
| Q4 25 | $2.7B | $7.0B | ||
| Q3 25 | $2.6B | $6.6B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $2.5B | $5.8B | ||
| Q4 24 | $2.6B | $5.5B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.4B | $4.9B | ||
| Q1 24 | $2.3B | $4.6B |
总资产GGGVEEV
| Q4 25 | $3.3B | $8.1B | ||
| Q3 25 | $3.2B | $8.0B | ||
| Q2 25 | $3.0B | $7.8B | ||
| Q1 25 | $3.0B | $7.3B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $3.0B | $6.3B | ||
| Q2 24 | $2.9B | $6.2B | ||
| Q1 24 | $2.8B | $5.9B |
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 | $196.3M | $192.8M |
| 自由现金流经营现金流 - 资本支出 | $184.3M | — |
| 自由现金流率自由现金流/营收 | 31.1% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | 1.48× | 0.82× |
| 过去12个月自由现金流最近4个季度 | $637.9M | — |
8季度趋势，按日历期对齐
经营现金流GGGVEEV
| Q4 25 | $196.3M | $192.8M | ||
| Q3 25 | $179.2M | $238.4M | ||
| Q2 25 | $182.7M | $877.2M | ||
| Q1 25 | $125.4M | $69.5M | ||
| Q4 24 | $185.2M | $164.1M | ||
| Q3 24 | $178.6M | $92.9M | ||
| Q2 24 | $139.0M | $763.5M | ||
| Q1 24 | $118.9M | $57.8M |
自由现金流GGGVEEV
| Q4 25 | $184.3M | — | ||
| Q3 25 | $175.7M | — | ||
| Q2 25 | $163.1M | — | ||
| Q1 25 | $114.8M | — | ||
| Q4 24 | $171.3M | — | ||
| Q3 24 | $159.2M | — | ||
| Q2 24 | $102.7M | — | ||
| Q1 24 | $81.7M | — |
自由现金流率GGGVEEV
| Q4 25 | 31.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 18.6% | — | ||
| Q1 24 | 16.6% | — |
资本支出强度GGGVEEV
| Q4 25 | 2.0% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 7.6% | — |
现金转化率GGGVEEV
| Q4 25 | 1.48× | 0.82× | ||
| Q3 25 | 1.30× | 1.19× | ||
| Q2 25 | 1.43× | 3.84× | ||
| Q1 25 | 1.01× | 0.36× | ||
| Q4 24 | 1.70× | 0.88× | ||
| Q3 24 | 1.46× | 0.54× | ||
| Q2 24 | 1.05× | 4.72× | ||
| Q1 24 | 0.97× | 0.39× |
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
GGG
| Industrial | $284.3M | 48% |
| Contractor | $265.5M | 45% |
| Other | $43.4M | 7% |
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
