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Global Payments（GPN）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
Global Payments的季度营收约是思佳讯的1.3倍（$1.3B vs $1.0B），Global Payments净利率更高（16.4% vs 7.6%，领先8.7%），思佳讯同比增速更快（8.6% vs -47.1%），Global Payments自由现金流更多（$347.0M vs $339.0M），过去两年思佳讯的营收复合增速更高（-0.5% vs -25.9%）
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
GPN vs SWKS — 直观对比
营收规模更大
GPN
是对方的1.3倍
$1.0B
营收增速更快
SWKS
高出55.8%
-47.1%
净利率更高
GPN
高出8.7%
7.6%
自由现金流更多
GPN
多$8.0M
$339.0M
两年增速更快
SWKS
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $217.5M | $79.2M |
| 毛利率 | 89.7% | 41.3% |
| 营业利润率 | 5.9% | 10.0% |
| 净利率 | 16.4% | 7.6% |
| 营收同比 | -47.1% | 8.6% |
| 净利润同比 | -61.6% | 15.3% |
| 每股收益（稀释后） | $0.91 | $0.53 |
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GPNSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $965.0M | ||
| Q1 25 | $2.4B | $953.2M | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.6B | $905.5M |
净利润GPNSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $217.5M | $141.4M | ||
| Q3 25 | $635.2M | — | ||
| Q2 25 | $241.6M | $105.0M | ||
| Q1 25 | $305.7M | $68.7M | ||
| Q4 24 | $567.2M | $162.0M | ||
| Q3 24 | $315.1M | $60.5M | ||
| Q2 24 | $374.8M | $120.9M |
毛利率GPNSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 89.7% | 40.7% | ||
| Q3 25 | 72.3% | — | ||
| Q2 25 | 74.5% | 41.6% | ||
| Q1 25 | 61.8% | 41.1% | ||
| Q4 24 | 62.1% | 41.4% | ||
| Q3 24 | 63.6% | 41.9% | ||
| Q2 24 | 63.5% | 40.2% |
营业利润率GPNSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 5.9% | 10.1% | ||
| Q3 25 | 38.8% | — | ||
| Q2 25 | 21.8% | 11.5% | ||
| Q1 25 | 19.5% | 10.2% | ||
| Q4 24 | 33.1% | 16.9% | ||
| Q3 24 | 18.3% | 5.8% | ||
| Q2 24 | 22.3% | 14.4% |
净利率GPNSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 16.4% | 12.9% | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 12.3% | 10.9% | ||
| Q1 25 | 12.7% | 7.2% | ||
| Q4 24 | 22.5% | 15.2% | ||
| Q3 24 | 12.1% | 5.9% | ||
| Q2 24 | 14.6% | 13.4% |
每股收益（稀释后）GPNSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.91 | $0.95 | ||
| Q3 25 | $2.64 | — | ||
| Q2 25 | $0.99 | $0.70 | ||
| Q1 25 | $1.24 | $0.43 | ||
| Q4 24 | $2.23 | $1.00 | ||
| Q3 24 | $1.24 | $0.36 | ||
| Q2 24 | $1.47 | $0.75 |
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 | $8.3B | $1.6B |
| 总债务越低越好 | $19.5B | $496.6M |
| 股东权益账面价值 | $22.9B | $5.8B |
| 总资产 | $53.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资GPNSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $8.3B | $1.4B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $2.1B | $1.3B |
总债务GPNSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $19.5B | $496.4M | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $14.2B | $496.2M | ||
| Q1 25 | $15.0B | $995.1M | ||
| Q4 24 | $15.2B | $994.7M | ||
| Q3 24 | $15.2B | $994.3M | ||
| Q2 24 | $15.6B | $994.0M |
股东权益GPNSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $22.9B | $5.8B | ||
| Q3 25 | $22.7B | — | ||
| Q2 25 | $22.6B | $5.7B | ||
| Q1 25 | $22.2B | $5.9B | ||
| Q4 24 | $22.3B | $6.4B | ||
| Q3 24 | $22.8B | $6.3B | ||
| Q2 24 | $22.4B | $6.3B |
总资产GPNSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $53.3B | $7.9B | ||
| Q3 25 | $48.0B | — | ||
| Q2 25 | $48.5B | $7.7B | ||
| Q1 25 | $47.6B | $7.9B | ||
| Q4 24 | $46.9B | $8.3B | ||
| Q3 24 | $50.0B | $8.3B | ||
| Q2 24 | $50.8B | $8.2B |
负债/权益比GPNSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.85× | 0.09× | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.63× | 0.09× | ||
| Q1 25 | 0.67× | 0.17× | ||
| Q4 24 | 0.68× | 0.16× | ||
| Q3 24 | 0.67× | 0.16× | ||
| Q2 24 | 0.70× | 0.16× |
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 | $515.2M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $339.0M |
| 自由现金流率自由现金流/营收 | 26.1% | 32.7% |
| 资本支出强度资本支出/营收 | 12.7% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.37× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.1B |
8季度趋势，按日历期对齐
经营现金流GPNSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $515.2M | $200.0M | ||
| Q3 25 | $768.7M | — | ||
| Q2 25 | $817.5M | $314.2M | ||
| Q1 25 | $555.1M | $409.4M | ||
| Q4 24 | $653.4M | $377.2M | ||
| Q3 24 | $1.7B | $476.1M | ||
| Q2 24 | $736.9M | $273.4M |
自由现金流GPNSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $347.0M | $144.0M | ||
| Q3 25 | $598.9M | — | ||
| Q2 25 | $665.4M | $252.7M | ||
| Q1 25 | $427.5M | $370.9M | ||
| Q4 24 | $469.4M | $338.2M | ||
| Q3 24 | $1.6B | $393.3M | ||
| Q2 24 | $557.7M | $249.0M |
自由现金流率GPNSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 26.1% | 13.1% | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 34.0% | 26.2% | ||
| Q1 25 | 17.7% | 38.9% | ||
| Q4 24 | 18.7% | 31.7% | ||
| Q3 24 | 60.0% | 38.4% | ||
| Q2 24 | 21.7% | 27.5% |
资本支出强度GPNSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 12.7% | 5.1% | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 7.8% | 6.4% | ||
| Q1 25 | 5.3% | 4.0% | ||
| Q4 24 | 7.3% | 3.6% | ||
| Q3 24 | 6.4% | 8.1% | ||
| Q2 24 | 7.0% | 2.7% |
现金转化率GPNSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 2.37× | 1.41× | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 3.38× | 2.99× | ||
| Q1 25 | 1.82× | 5.96× | ||
| Q4 24 | 1.15× | 2.33× | ||
| Q3 24 | 5.48× | 7.87× | ||
| Q2 24 | 1.97× | 2.26× |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
