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GrowGeneration Corp.（GRWG）与震坤行集团（ZKH）财务数据对比。点击上方公司名可切换其他公司
震坤行集团的季度营收约是GrowGeneration Corp.的1.2倍（$45.1M vs $37.8M）。震坤行集团净利率更高（-1.0% vs -19.6%，领先18.6%）
GrowGeneration Corp是美国领先的水培及有机园艺用品专业零售商，主营种植灯、营养液、环境控制系统、栽培工具等全系列产品，通过覆盖全国的实体门店和电商渠道，为商业室内种植从业者（包括合法大麻种植商）及家庭园艺爱好者提供服务。
震坤行集团是中国领先的工业供应链服务提供商，主营MRO工业耗材、零部件销售及数字化采购解决方案，服务覆盖制造、建筑、能源等核心领域，为企业客户提供全链路库存管理、采购成本优化服务，业务主要辐射亚太市场。
GRWG vs ZKH — 直观对比
营收规模更大
ZKH
是对方的1.2倍
$37.8M
净利率更高
ZKH
高出18.6%
-19.6%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $37.8M | $45.1M |
| 净利润 | $-7.4M | $-471.3K |
| 毛利率 | 24.1% | 16.8% |
| 营业利润率 | -20.1% | -1.4% |
| 净利率 | -19.6% | -1.0% |
| 营收同比 | 1.0% | — |
| 净利润同比 | 68.2% | — |
| 每股收益（稀释后） | $-0.12 | — |
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GRWGZKH
| Q4 25 | $37.8M | — | ||
| Q3 25 | $47.3M | $45.1M | ||
| Q2 25 | $41.0M | $41.7M | ||
| Q1 25 | $35.7M | $36.8M | ||
| Q4 24 | $37.4M | — | ||
| Q3 24 | $50.0M | $44.8M | ||
| Q2 24 | $53.5M | $42.7M | ||
| Q1 24 | $47.9M | $35.6M |
净利润GRWGZKH
| Q4 25 | $-7.4M | — | ||
| Q3 25 | $-2.4M | $-471.3K | ||
| Q2 25 | $-4.8M | $-1.0M | ||
| Q1 25 | $-9.4M | $-1.3M | ||
| Q4 24 | $-23.3M | — | ||
| Q3 24 | $-11.4M | $-1.6M | ||
| Q2 24 | $-5.9M | $-1.3M | ||
| Q1 24 | $-8.8M | $-1.7M |
毛利率GRWGZKH
| Q4 25 | 24.1% | — | ||
| Q3 25 | 27.2% | 16.8% | ||
| Q2 25 | 28.3% | 16.5% | ||
| Q1 25 | 27.2% | 17.2% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 21.6% | 17.0% | ||
| Q2 24 | 26.9% | 17.0% | ||
| Q1 24 | 25.8% | 18.0% |
营业利润率GRWGZKH
| Q4 25 | -20.1% | — | ||
| Q3 25 | -6.0% | -1.4% | ||
| Q2 25 | -12.9% | -3.3% | ||
| Q1 25 | -27.7% | -4.2% | ||
| Q4 24 | -63.9% | — | ||
| Q3 24 | -24.2% | -4.6% | ||
| Q2 24 | -12.2% | -3.2% | ||
| Q1 24 | -19.7% | -7.0% |
净利率GRWGZKH
| Q4 25 | -19.6% | — | ||
| Q3 25 | -5.2% | -1.0% | ||
| Q2 25 | -11.7% | -2.5% | ||
| Q1 25 | -26.3% | -3.4% | ||
| Q4 24 | -62.4% | — | ||
| Q3 24 | -22.9% | -3.6% | ||
| Q2 24 | -11.0% | -2.9% | ||
| Q1 24 | -18.5% | -4.9% |
每股收益（稀释后）GRWGZKH
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.08 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.39 | — | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $-0.10 | — | ||
| Q1 24 | $-0.14 | — |
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 | $46.1M | $35.3M |
| 总债务越低越好 | — | $893.8K |
| 股东权益账面价值 | $97.5M | — |
| 总资产 | $147.0M | $123.8M |
| 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GRWGZKH
| Q4 25 | $46.1M | — | ||
| Q3 25 | $48.3M | $35.3M | ||
| Q2 25 | $48.7M | $33.8M | ||
| Q1 25 | $52.6M | $32.0M | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $55.2M | $39.0M | ||
| Q2 24 | $56.0M | $35.9M | ||
| Q1 24 | $61.3M | $36.0M |
总债务GRWGZKH
| Q4 25 | — | — | ||
| Q3 25 | — | $893.8K | ||
| Q2 25 | — | $888.3K | ||
| Q1 25 | — | $854.9K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GRWGZKH
| Q4 25 | $97.5M | — | ||
| Q3 25 | $104.7M | — | ||
| Q2 25 | $106.7M | — | ||
| Q1 25 | $111.2M | — | ||
| Q4 24 | $120.1M | — | ||
| Q3 24 | $143.2M | $60.6M | ||
| Q2 24 | $155.8M | $60.7M | ||
| Q1 24 | $165.3M | $61.5M |
总资产GRWGZKH
| Q4 25 | $147.0M | — | ||
| Q3 25 | $159.6M | $123.8M | ||
| Q2 25 | $160.6M | $120.6M | ||
| Q1 25 | $164.2M | $116.4M | ||
| Q4 24 | $174.4M | — | ||
| Q3 24 | $199.6M | $132.6M | ||
| Q2 24 | $219.2M | $132.9M | ||
| Q1 24 | $230.4M | $132.5M |
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 | $-2.2M | — |
| 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 | — | — |
| 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GRWGZKH
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $-499.0K | — | ||
| Q2 25 | $-2.9M | — | ||
| Q1 25 | $-3.8M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $-398.0K | — | ||
| Q1 24 | $-3.6M | — |
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
GRWG
| Consumables | $22.3M | 59% |
| Durables | $9.8M | 26% |
| Commercial Fixture Sales | $5.7M | 15% |
ZKH
暂无分部数据
