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GPGI, Inc.（GPGI）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
过去两年微策略的营收复合增速更高（1.7% vs -100.0%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
GPGI vs MSTR — 直观对比
营收规模更大
MSTR
是对方的Infinity倍
$0
两年增速更快
MSTR
近两年复合增速
-100.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $0 | $128.7M |
| 净利润 | — | $2.8B |
| 毛利率 | — | 70.5% |
| 营业利润率 | — | — |
| 净利率 | — | 2164.1% |
| 营收同比 | — | 10.9% |
| 净利润同比 | 261.8% | 918.7% |
| 每股收益（稀释后） | — | $8.42 |
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GPGIMSTR
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | $128.7M | ||
| Q2 25 | $0 | $114.5M | ||
| Q1 25 | $59.8M | $111.1M | ||
| Q4 24 | $100.9M | $120.7M | ||
| Q3 24 | $107.1M | $116.1M | ||
| Q2 24 | $108.6M | $111.4M | ||
| Q1 24 | $104.0M | $115.2M |
净利润GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | $-174.7M | $2.8B | ||
| Q2 25 | $-26.1M | $10.0B | ||
| Q1 25 | $21.5M | $-4.2B | ||
| Q4 24 | — | $-670.8M | ||
| Q3 24 | $-42.1M | $-340.2M | ||
| Q2 24 | $11.1M | $-102.6M | ||
| Q1 24 | $4.0M | $-53.1M |
毛利率GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | 70.5% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | 48.1% | 69.4% | ||
| Q4 24 | 52.1% | 71.7% | ||
| Q3 24 | 51.7% | 70.4% | ||
| Q2 24 | 51.6% | 72.2% | ||
| Q1 24 | 53.1% | 74.0% |
营业利润率GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 10.1% | -5331.4% | ||
| Q4 24 | 15.5% | -842.1% | ||
| Q3 24 | 27.2% | -372.7% | ||
| Q2 24 | 29.3% | -179.7% | ||
| Q1 24 | 29.9% | -176.8% |
净利率GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | 2164.1% | ||
| Q2 25 | — | 8752.7% | ||
| Q1 25 | 35.9% | -3797.2% | ||
| Q4 24 | — | -555.8% | ||
| Q3 24 | -39.3% | -293.1% | ||
| Q2 24 | 10.2% | -92.0% | ||
| Q1 24 | 3.9% | -46.1% |
每股收益（稀释后）GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | $-1.58 | $8.42 | ||
| Q2 25 | $-0.26 | $32.60 | ||
| Q1 25 | $0.07 | $-16.49 | ||
| Q4 24 | — | $4.49 | ||
| Q3 24 | $-1.10 | $-1.72 | ||
| Q2 24 | $0.32 | $-5.74 | ||
| Q1 24 | $0.17 | $-3.09 |
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 | $114.6M | $54.3M |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $243.1M | $52.3B |
| 总资产 | $517.3M | $73.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资GPGIMSTR
| Q4 25 | $114.6M | — | ||
| Q3 25 | $127.4M | $54.3M | ||
| Q2 25 | $4.8M | $50.1M | ||
| Q1 25 | $9.5M | $60.3M | ||
| Q4 24 | $77.5M | $38.1M | ||
| Q3 24 | $52.7M | $46.3M | ||
| Q2 24 | $35.4M | $66.9M | ||
| Q1 24 | $55.1M | $81.3M |
总债务GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益GPGIMSTR
| Q4 25 | $243.1M | — | ||
| Q3 25 | $152.5M | $52.3B | ||
| Q2 25 | $-106.4M | $47.5B | ||
| Q1 25 | $-87.3M | $32.2B | ||
| Q4 24 | $-143.4M | $18.2B | ||
| Q3 24 | $-285.0M | $3.8B | ||
| Q2 24 | $-725.6M | $2.8B | ||
| Q1 24 | $-794.0M | $2.4B |
总资产GPGIMSTR
| Q4 25 | $517.3M | — | ||
| Q3 25 | $505.5M | $73.6B | ||
| Q2 25 | $317.3M | $64.8B | ||
| Q1 25 | $292.3M | $43.9B | ||
| Q4 24 | $473.9M | $25.8B | ||
| Q3 24 | $435.4M | $8.3B | ||
| Q2 24 | $213.4M | $7.1B | ||
| Q1 24 | $213.6M | $6.4B |
负债/权益比GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
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 | $-22.9M | $-8.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-11.1M |
| 自由现金流率自由现金流/营收 | — | -8.6% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | -0.00× |
| 过去12个月自由现金流最近4个季度 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流GPGIMSTR
| Q4 25 | $-22.9M | — | ||
| Q3 25 | $-11.9M | $-8.3M | ||
| Q2 25 | $37.0K | $-34.9M | ||
| Q1 25 | $3.0M | $-2.4M | ||
| Q4 24 | $129.6M | $-17.3M | ||
| Q3 24 | $29.4M | $-41.0M | ||
| Q2 24 | $32.2M | $-23.3M | ||
| Q1 24 | $33.8M | $28.6M |
自由现金流GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | $-11.1M | ||
| Q2 25 | — | $-37.0M | ||
| Q1 25 | — | $-5.1M | ||
| Q4 24 | $122.1M | $-17.6M | ||
| Q3 24 | $27.8M | $-41.4M | ||
| Q2 24 | $30.7M | $-24.1M | ||
| Q1 24 | $32.1M | $27.0M |
自由现金流率GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -8.6% | ||
| Q2 25 | — | -32.3% | ||
| Q1 25 | — | -4.6% | ||
| Q4 24 | 121.1% | -14.6% | ||
| Q3 24 | 25.9% | -35.7% | ||
| Q2 24 | 28.3% | -21.6% | ||
| Q1 24 | 30.9% | 23.5% |
资本支出强度GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | 0.0% | 2.5% | ||
| Q4 24 | 7.3% | 0.2% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.4% | 0.6% | ||
| Q1 24 | 1.6% | 1.3% |
现金转化率GPGIMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 8.39× | — |
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
GPGI
暂无分部数据
MSTR
| Current Deferred Revenue And Advanced Payments | $52.2M | 41% |
| Subscription And Circulation | $46.0M | 36% |
| License | $17.4M | 13% |
| Technology Service | $14.2M | 11% |
