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Global-E Online Ltd.（GLBE）与德太投资（TPG）财务数据对比。点击上方公司名可切换其他公司
德太投资的季度营收约是Global-E Online Ltd.的1.1倍（$715.1M vs $625.5M），德太投资净利率更高（10.8% vs 0.9%，领先9.9%）
Global-E Online Ltd.是全球领先的跨境电商赋能平台，为直面消费者品牌及零售企业提供一站式跨境销售解决方案，覆盖本地化支付、清关、物流协调、税费核算等服务，助力客户拓展北美、欧洲及亚太等国际市场。
TPG Inc.（原称德州太平洋集团、TPG Capital）是总部位于美国得克萨斯州沃斯堡的私募股权投资机构，旗下管理的基金覆盖成长资本、风险投资、公开股权、债权投资等品类，投资领域包含消费零售、传媒电信、工业、科技、旅游休闲、医疗健康等多个赛道。
GLBE vs TPG — 直观对比
营收规模更大
TPG
是对方的1.1倍
$625.5M
净利率更高
TPG
高出9.9%
0.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $625.5M | $715.1M |
| 净利润 | $5.8M | $77.1M |
| 毛利率 | 45.0% | — |
| 营业利润率 | 1.3% | — |
| 净利率 | 0.9% | 10.8% |
| 营收同比 | — | 35.6% |
| 净利润同比 | — | 494.1% |
| 每股收益（稀释后） | — | $0.30 |
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GLBETPG
| Q4 25 | — | $715.1M | ||
| Q3 25 | $625.5M | $596.5M | ||
| Q2 25 | $404.8M | $569.1M | ||
| Q1 25 | $189.9M | $543.5M | ||
| Q4 24 | — | $527.2M | ||
| Q3 24 | $489.9M | $524.7M | ||
| Q2 24 | $313.9M | $522.8M | ||
| Q1 24 | $145.9M | $512.3M |
净利润GLBETPG
| Q4 25 | — | $77.1M | ||
| Q3 25 | $5.8M | $67.1M | ||
| Q2 25 | $-7.4M | $14.9M | ||
| Q1 25 | — | $25.4M | ||
| Q4 24 | — | $13.0M | ||
| Q3 24 | $-77.1M | $9.0M | ||
| Q2 24 | $-54.5M | $-14.0M | ||
| Q1 24 | — | $15.5M |
毛利率GLBETPG
| Q4 25 | — | — | ||
| Q3 25 | 45.0% | — | ||
| Q2 25 | 44.9% | — | ||
| Q1 25 | 44.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.1% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 43.4% | — |
营业利润率GLBETPG
| Q4 25 | — | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | -2.1% | — | ||
| Q1 25 | -10.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -14.9% | — | ||
| Q2 24 | -16.6% | — | ||
| Q1 24 | -20.1% | — |
净利率GLBETPG
| Q4 25 | — | 10.8% | ||
| Q3 25 | 0.9% | 11.3% | ||
| Q2 25 | -1.8% | 2.6% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | -15.7% | 1.7% | ||
| Q2 24 | -17.4% | -2.7% | ||
| Q1 24 | — | 3.0% |
每股收益（稀释后）GLBETPG
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $-0.19 | ||
| Q1 24 | — | $-0.11 |
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 | $251.4M | $826.1M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $933.0M | $4.1B |
| 总资产 | $1.3B | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资GLBETPG
| Q4 25 | — | $826.1M | ||
| Q3 25 | $251.4M | $1.1B | ||
| Q2 25 | $205.2M | $1.1B | ||
| Q1 25 | $207.7M | $822.0M | ||
| Q4 24 | — | $808.0M | ||
| Q3 24 | $207.3M | $1.2B | ||
| Q2 24 | $229.8M | $1.1B | ||
| Q1 24 | $181.9M | $1.1B |
总债务GLBETPG
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益GLBETPG
| Q4 25 | — | $4.1B | ||
| Q3 25 | $933.0M | $3.8B | ||
| Q2 25 | $909.1M | $3.6B | ||
| Q1 25 | $884.3M | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $869.4M | $3.4B | ||
| Q2 24 | $878.7M | $3.3B | ||
| Q1 24 | $886.9M | $3.3B |
总资产GLBETPG
| Q4 25 | — | $13.5B | ||
| Q3 25 | $1.3B | $13.0B | ||
| Q2 25 | $1.2B | $12.0B | ||
| Q1 25 | $1.2B | $11.3B | ||
| Q4 24 | — | $10.5B | ||
| Q3 24 | $1.2B | $10.5B | ||
| Q2 24 | $1.1B | $10.1B | ||
| Q1 24 | $1.1B | $9.9B |
负债/权益比GLBETPG
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | — | $-43.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | -0.57× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GLBETPG
| Q4 25 | — | $-43.7M | ||
| Q3 25 | — | $492.0M | ||
| Q2 25 | — | $385.9M | ||
| Q1 25 | — | $198.2M | ||
| Q4 24 | — | $-188.1M | ||
| Q3 24 | — | $68.9M | ||
| Q2 24 | — | $214.6M | ||
| Q1 24 | — | $436.7M |
现金转化率GLBETPG
| Q4 25 | — | -0.57× | ||
| Q3 25 | — | 7.33× | ||
| Q2 25 | — | 25.83× | ||
| Q1 25 | — | 7.80× | ||
| Q4 24 | — | -14.49× | ||
| Q3 24 | — | 7.69× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 28.14× |
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
GLBE
暂无分部数据
TPG
| Management Fees | $484.4M | 68% |
| Transaction Fees | $118.6M | 17% |
| Expense Reimbursements And Other | $76.3M | 11% |
| Incentive Fees | $29.0M | 4% |
| Monitoring Fees | $6.8M | 1% |
