vs
Guidewire Software, Inc.（GWRE）与nCino, Inc.（NCNO）财务数据对比。点击上方公司名可切换其他公司
Guidewire Software, Inc.的季度营收约是nCino, Inc.的2.2倍（$332.6M vs $152.2M），Guidewire Software, Inc.净利率更高（9.4% vs 4.3%，领先5.1%），Guidewire Software, Inc.同比增速更快（26.5% vs 9.6%），nCino, Inc.自由现金流更多（$4.9M vs $-72.3M），过去两年Guidewire Software, Inc.的营收复合增速更高（17.5% vs 10.9%）
Guidewire Software是总部位于美国加利福尼亚州圣马特奥的软件企业，面向美国及全球的财产与意外伤害保险经营机构提供专业行业平台，支持险企优化业务流程、推进数字化升级，满足保险行业的各类专业化运营需求。
nCino, Inc.是一家总部位于美国北卡罗来纳州威尔明顿的全球金融科技企业，专注于提供云原生银行软件与核心银行平台，服务覆盖银行、信用合作社及各类大型金融机构，助力金融机构实现数字化运营升级。
GWRE vs NCNO — 直观对比
营收规模更大
GWRE
是对方的2.2倍
$152.2M
营收增速更快
GWRE
高出16.9%
9.6%
净利率更高
GWRE
高出5.1%
4.3%
自由现金流更多
NCNO
多$77.2M
$-72.3M
两年增速更快
GWRE
近两年复合增速
10.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $152.2M |
| 净利润 | $31.3M | $6.5M |
| 毛利率 | 63.0% | 61.6% |
| 营业利润率 | 5.6% | 7.7% |
| 净利率 | 9.4% | 4.3% |
| 营收同比 | 26.5% | 9.6% |
| 净利润同比 | 242.6% | 224.5% |
| 每股收益（稀释后） | $0.36 | $0.06 |
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GWRENCNO
| Q4 25 | $332.6M | $152.2M | ||
| Q3 25 | $356.6M | $148.8M | ||
| Q2 25 | $293.5M | $144.1M | ||
| Q1 25 | $289.5M | $141.4M | ||
| Q4 24 | $262.9M | $138.8M | ||
| Q3 24 | $291.5M | $132.4M | ||
| Q2 24 | $240.7M | $128.1M | ||
| Q1 24 | $240.9M | $123.7M |
净利润GWRENCNO
| Q4 25 | $31.3M | $6.5M | ||
| Q3 25 | $52.0M | $-15.3M | ||
| Q2 25 | $46.0M | $5.6M | ||
| Q1 25 | $-37.3M | $-18.6M | ||
| Q4 24 | $9.1M | $-5.3M | ||
| Q3 24 | $16.8M | $-11.0M | ||
| Q2 24 | $-5.5M | $-3.0M | ||
| Q1 24 | $9.7M | $1.2M |
毛利率GWRENCNO
| Q4 25 | 63.0% | 61.6% | ||
| Q3 25 | 65.0% | 59.2% | ||
| Q2 25 | 62.2% | 60.0% | ||
| Q1 25 | 61.9% | 59.7% | ||
| Q4 24 | 60.2% | 61.3% | ||
| Q3 24 | 64.0% | 59.3% | ||
| Q2 24 | 59.1% | 60.0% | ||
| Q1 24 | 59.1% | 60.2% |
营业利润率GWRENCNO
| Q4 25 | 5.6% | 7.7% | ||
| Q3 25 | 8.3% | -6.2% | ||
| Q2 25 | 1.5% | -1.0% | ||
| Q1 25 | 4.0% | -4.1% | ||
| Q4 24 | -1.8% | -0.6% | ||
| Q3 24 | 3.5% | -6.0% | ||
| Q2 24 | -6.9% | -2.9% | ||
| Q1 24 | -5.2% | -2.6% |
净利率GWRENCNO
| Q4 25 | 9.4% | 4.3% | ||
| Q3 25 | 14.6% | -10.3% | ||
| Q2 25 | 15.7% | 3.9% | ||
| Q1 25 | -12.9% | -13.2% | ||
| Q4 24 | 3.5% | -3.8% | ||
| Q3 24 | 5.7% | -8.3% | ||
| Q2 24 | -2.3% | -2.3% | ||
| Q1 24 | 4.0% | 0.9% |
每股收益（稀释后）GWRENCNO
| Q4 25 | $0.36 | $0.06 | ||
| Q3 25 | $0.61 | $-0.13 | ||
| Q2 25 | $0.54 | $0.05 | ||
| Q1 25 | $-0.45 | $-0.15 | ||
| Q4 24 | $0.11 | $-0.05 | ||
| Q3 24 | $0.21 | $-0.10 | ||
| Q2 24 | $-0.07 | $-0.03 | ||
| Q1 24 | $0.12 | $0.01 |
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 | $1.0B | $87.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $1.0B |
| 总资产 | $2.6B | $1.6B |
| 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GWRENCNO
| Q4 25 | $1.0B | $87.6M | ||
| Q3 25 | $1.1B | $122.9M | ||
| Q2 25 | $920.4M | $133.2M | ||
| Q1 25 | $1.2B | $120.9M | ||
| Q4 24 | $1.3B | $257.9M | ||
| Q3 24 | $1.0B | $121.4M | ||
| Q2 24 | $782.3M | $129.5M | ||
| Q1 24 | $777.6M | $112.1M |
总债务GWRENCNO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $398.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GWRENCNO
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
总资产GWRENCNO
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.5B | $1.7B | ||
| Q1 25 | $2.5B | $1.6B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.0B | $1.4B | ||
| Q1 24 | $2.0B | $1.3B |
负债/权益比GWRENCNO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-67.4M | $5.1M |
| 自由现金流经营现金流 - 资本支出 | $-72.3M | $4.9M |
| 自由现金流率自由现金流/营收 | -21.7% | 3.2% |
| 资本支出强度资本支出/营收 | 1.5% | 0.1% |
| 现金转化率经营现金流/净利润 | -2.15× | 0.78× |
| 过去12个月自由现金流最近4个季度 | $286.0M | $59.7M |
8季度趋势，按日历期对齐
经营现金流GWRENCNO
| Q4 25 | $-67.4M | $5.1M | ||
| Q3 25 | $244.8M | $17.7M | ||
| Q2 25 | $32.4M | $54.3M | ||
| Q1 25 | $86.0M | $-10.0M | ||
| Q4 24 | $-62.3M | $5.8M | ||
| Q3 24 | $193.8M | $5.0M | ||
| Q2 24 | $4.8M | $54.4M | ||
| Q1 24 | $69.3M | $8.1M |
自由现金流GWRENCNO
| Q4 25 | $-72.3M | $4.9M | ||
| Q3 25 | $241.4M | $12.6M | ||
| Q2 25 | $31.6M | $52.6M | ||
| Q1 25 | $85.2M | $-10.4M | ||
| Q4 24 | $-63.1M | $5.1M | ||
| Q3 24 | $192.1M | $4.6M | ||
| Q2 24 | $4.1M | $54.1M | ||
| Q1 24 | $66.3M | $7.7M |
自由现金流率GWRENCNO
| Q4 25 | -21.7% | 3.2% | ||
| Q3 25 | 67.7% | 8.5% | ||
| Q2 25 | 10.8% | 36.5% | ||
| Q1 25 | 29.4% | -7.3% | ||
| Q4 24 | -24.0% | 3.7% | ||
| Q3 24 | 65.9% | 3.4% | ||
| Q2 24 | 1.7% | 42.2% | ||
| Q1 24 | 27.5% | 6.2% |
资本支出强度GWRENCNO
| Q4 25 | 1.5% | 0.1% | ||
| Q3 25 | 1.0% | 3.5% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.3% | 0.3% | ||
| Q1 24 | 1.2% | 0.3% |
现金转化率GWRENCNO
| Q4 25 | -2.15× | 0.78× | ||
| Q3 25 | 4.71× | — | ||
| Q2 25 | 0.70× | 9.77× | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | — | ||
| Q3 24 | 11.56× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.15× | 7.02× |
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
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
NCNO
| License And Service | $133.4M | 88% |
| Professional Services | $18.8M | 12% |
