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ZoomInfo Technologies Inc.（GTM）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是ZoomInfo Technologies Inc.的11.5倍（$3.7B vs $319.1M）。SHOPIFY INC.净利率更高（20.2% vs 10.9%，领先9.4%）。SHOPIFY INC.同比增速更快（30.6% vs 3.2%）。SHOPIFY INC.自由现金流更多（$715.0M vs $127.1M）。过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 1.4%）
ZoomInfo Technologies Inc.是美国合规注册的数据服务商，通过数据采集、网页抓取等多元渠道汇总公开及非公开个人数据，同时收集企业、部门等商业主体信息，面向企业客户提供相关数据产品，助力客户开展精准营销等业务活动。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
GTM vs SHOP — 直观对比
营收规模更大
SHOP
是对方的11.5倍
$319.1M
营收增速更快
SHOP
高出27.3%
3.2%
净利率更高
SHOP
高出9.4%
10.9%
自由现金流更多
SHOP
多$587.9M
$127.1M
两年增速更快
SHOP
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $319.1M | $3.7B |
| 净利润 | $34.7M | $743.0M |
| 毛利率 | 84.0% | 46.1% |
| 营业利润率 | 17.0% | 17.2% |
| 净利率 | 10.9% | 20.2% |
| 营收同比 | 3.2% | 30.6% |
| 净利润同比 | 137.7% | -42.5% |
| 每股收益（稀释后） | $0.11 | $0.58 |
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GTMSHOP
| Q4 25 | $319.1M | $3.7B | ||
| Q3 25 | $318.0M | $2.8B | ||
| Q2 25 | $306.7M | $2.7B | ||
| Q1 25 | $305.7M | $2.4B | ||
| Q4 24 | $309.1M | $2.8B | ||
| Q3 24 | $303.6M | $2.2B | ||
| Q2 24 | $291.5M | $2.0B | ||
| Q1 24 | $310.1M | $1.9B |
净利润GTMSHOP
| Q4 25 | $34.7M | $743.0M | ||
| Q3 25 | $38.7M | $264.0M | ||
| Q2 25 | $24.0M | $906.0M | ||
| Q1 25 | $26.8M | $-682.0M | ||
| Q4 24 | $14.6M | $1.3B | ||
| Q3 24 | $23.8M | $828.0M | ||
| Q2 24 | $-24.4M | $171.0M | ||
| Q1 24 | $15.1M | $-273.0M |
毛利率GTMSHOP
| Q4 25 | 84.0% | 46.1% | ||
| Q3 25 | 83.7% | 48.9% | ||
| Q2 25 | 83.9% | 48.6% | ||
| Q1 25 | 84.5% | 49.5% | ||
| Q4 24 | 82.8% | 48.1% | ||
| Q3 24 | 84.4% | 51.7% | ||
| Q2 24 | 84.3% | 51.1% | ||
| Q1 24 | 86.0% | 51.4% |
营业利润率GTMSHOP
| Q4 25 | 17.0% | 17.2% | ||
| Q3 25 | 21.2% | 12.1% | ||
| Q2 25 | 17.5% | 10.9% | ||
| Q1 25 | 16.5% | 8.6% | ||
| Q4 24 | 10.0% | 16.5% | ||
| Q3 24 | 14.3% | 13.1% | ||
| Q2 24 | -6.9% | 11.8% | ||
| Q1 24 | 13.9% | 4.6% |
净利率GTMSHOP
| Q4 25 | 10.9% | 20.2% | ||
| Q3 25 | 12.2% | 9.3% | ||
| Q2 25 | 7.8% | 33.8% | ||
| Q1 25 | 8.8% | -28.9% | ||
| Q4 24 | 4.7% | 46.0% | ||
| Q3 24 | 7.8% | 38.3% | ||
| Q2 24 | -8.4% | 8.4% | ||
| Q1 24 | 4.9% | -14.7% |
每股收益（稀释后）GTMSHOP
| Q4 25 | $0.11 | $0.58 | ||
| Q3 25 | $0.12 | $0.20 | ||
| Q2 25 | $0.07 | $0.69 | ||
| Q1 25 | $0.08 | $-0.53 | ||
| Q4 24 | $0.04 | $0.99 | ||
| Q3 24 | $0.07 | $0.64 | ||
| Q2 24 | $-0.07 | $0.13 | ||
| Q1 24 | $0.04 | $-0.21 |
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 | $179.9M | $5.8B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $1.5B | $13.5B |
| 总资产 | $6.4B | $15.2B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
现金及短期投资GTMSHOP
| Q4 25 | $179.9M | $5.8B | ||
| Q3 25 | $135.0M | $6.3B | ||
| Q2 25 | $176.9M | $5.8B | ||
| Q1 25 | $140.5M | $5.5B | ||
| Q4 24 | $139.9M | $5.5B | ||
| Q3 24 | $147.7M | — | ||
| Q2 24 | $399.3M | — | ||
| Q1 24 | $440.2M | — |
总债务GTMSHOP
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益GTMSHOP
| Q4 25 | $1.5B | $13.5B | ||
| Q3 25 | $1.5B | $12.5B | ||
| Q2 25 | $1.6B | $12.1B | ||
| Q1 25 | $1.6B | $11.1B | ||
| Q4 24 | $1.7B | $11.6B | ||
| Q3 24 | $1.7B | $10.1B | ||
| Q2 24 | $1.9B | $9.2B | ||
| Q1 24 | $2.0B | $8.9B |
总资产GTMSHOP
| Q4 25 | $6.4B | $15.2B | ||
| Q3 25 | $6.4B | $15.0B | ||
| Q2 25 | $6.5B | $14.6B | ||
| Q1 25 | $6.4B | $13.4B | ||
| Q4 24 | $6.5B | $13.9B | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $6.8B | — |
负债/权益比GTMSHOP
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.66× | — | ||
| Q1 24 | 0.61× | — |
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 | $143.5M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $127.1M | $715.0M |
| 自由现金流率自由现金流/营收 | 39.8% | 19.5% |
| 资本支出强度资本支出/营收 | 5.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.14× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $389.3M | $2.0B |
8季度趋势，按日历期对齐
经营现金流GTMSHOP
| Q4 25 | $143.5M | $725.0M | ||
| Q3 25 | $93.8M | $513.0M | ||
| Q2 25 | $108.9M | $428.0M | ||
| Q1 25 | $119.2M | $367.0M | ||
| Q4 24 | $109.0M | $615.0M | ||
| Q3 24 | $18.2M | $423.0M | ||
| Q2 24 | $126.3M | $340.0M | ||
| Q1 24 | $115.9M | $238.0M |
自由现金流GTMSHOP
| Q4 25 | $127.1M | $715.0M | ||
| Q3 25 | $70.9M | $507.0M | ||
| Q2 25 | $86.9M | $422.0M | ||
| Q1 25 | $104.4M | $363.0M | ||
| Q4 24 | $85.6M | $611.0M | ||
| Q3 24 | $600.0K | $421.0M | ||
| Q2 24 | $115.2M | $333.0M | ||
| Q1 24 | $103.1M | $232.0M |
自由现金流率GTMSHOP
| Q4 25 | 39.8% | 19.5% | ||
| Q3 25 | 22.3% | 17.8% | ||
| Q2 25 | 28.3% | 15.7% | ||
| Q1 25 | 34.2% | 15.4% | ||
| Q4 24 | 27.7% | 21.7% | ||
| Q3 24 | 0.2% | 19.5% | ||
| Q2 24 | 39.5% | 16.3% | ||
| Q1 24 | 33.2% | 12.5% |
资本支出强度GTMSHOP
| Q4 25 | 5.1% | 0.3% | ||
| Q3 25 | 7.2% | 0.2% | ||
| Q2 25 | 7.2% | 0.2% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | 7.6% | 0.1% | ||
| Q3 24 | 5.8% | 0.1% | ||
| Q2 24 | 3.8% | 0.3% | ||
| Q1 24 | 4.1% | 0.3% |
现金转化率GTMSHOP
| Q4 25 | 4.14× | 0.98× | ||
| Q3 25 | 2.42× | 1.94× | ||
| Q2 25 | 4.54× | 0.47× | ||
| Q1 25 | 4.45× | — | ||
| Q4 24 | 7.47× | 0.48× | ||
| Q3 24 | 0.76× | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | 7.68× | — |
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
GTM
暂无分部数据
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
