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赫兹（HTZ）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.的季度营收约是赫兹的1.8倍（$3.7B vs $2.0B），SHOPIFY INC.净利率更高（20.2% vs -16.6%，领先36.9%），SHOPIFY INC.同比增速更快（30.6% vs 11.0%），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs -7.7%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
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。
HTZ vs SHOP — 直观对比
营收规模更大
SHOP
是对方的1.8倍
$2.0B
营收增速更快
SHOP
高出19.6%
11.0%
净利率更高
SHOP
高出36.9%
-16.6%
两年增速更快
SHOP
近两年复合增速
-7.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.7B |
| 净利润 | $-333.0M | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | — | 17.2% |
| 净利率 | -16.6% | 20.2% |
| 营收同比 | 11.0% | 30.6% |
| 净利润同比 | 24.8% | -42.5% |
| 每股收益（稀释后） | $-1.06 | $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HTZSHOP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.7B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $2.0B | $2.8B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.4B | $2.0B |
净利润HTZSHOP
| Q1 26 | $-333.0M | — | ||
| Q4 25 | $-194.0M | $743.0M | ||
| Q3 25 | $184.0M | $264.0M | ||
| Q2 25 | $-294.0M | $906.0M | ||
| Q1 25 | $-443.0M | $-682.0M | ||
| Q4 24 | $-479.0M | $1.3B | ||
| Q3 24 | $-1.3B | $828.0M | ||
| Q2 24 | $-865.0M | $171.0M |
毛利率HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
营业利润率HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | 17.2% | ||
| Q3 25 | 9.4% | 12.1% | ||
| Q2 25 | -14.5% | 10.9% | ||
| Q1 25 | -29.0% | 8.6% | ||
| Q4 24 | -27.6% | 16.5% | ||
| Q3 24 | -62.9% | 13.1% | ||
| Q2 24 | -20.1% | 11.8% |
净利率HTZSHOP
| Q1 26 | -16.6% | — | ||
| Q4 25 | -9.6% | 20.2% | ||
| Q3 25 | 7.4% | 9.3% | ||
| Q2 25 | -13.5% | 33.8% | ||
| Q1 25 | -24.4% | -28.9% | ||
| Q4 24 | -23.5% | 46.0% | ||
| Q3 24 | -51.7% | 38.3% | ||
| Q2 24 | -36.8% | 8.4% |
每股收益（稀释后）HTZSHOP
| Q1 26 | $-1.06 | — | ||
| Q4 25 | $-0.46 | $0.58 | ||
| Q3 25 | $0.42 | $0.20 | ||
| Q2 25 | $-0.95 | $0.69 | ||
| Q1 25 | $-1.44 | $-0.53 | ||
| Q4 24 | $-1.57 | $0.99 | ||
| Q3 24 | $-4.34 | $0.64 | ||
| Q2 24 | $-2.82 | $0.13 |
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 | $583.0M | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $13.5B |
| 总资产 | $23.3B | $15.2B |
| 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HTZSHOP
| Q1 26 | $583.0M | — | ||
| Q4 25 | $565.0M | $5.8B | ||
| Q3 25 | $1.1B | $6.3B | ||
| Q2 25 | $503.0M | $5.8B | ||
| Q1 25 | $626.0M | $5.5B | ||
| Q4 24 | $592.0M | $5.5B | ||
| Q3 24 | $501.0M | — | ||
| Q2 24 | $568.0M | — |
股东权益HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | $-459.0M | $13.5B | ||
| Q3 25 | $-317.0M | $12.5B | ||
| Q2 25 | $-504.0M | $12.1B | ||
| Q1 25 | $-262.0M | $11.1B | ||
| Q4 24 | $153.0M | $11.6B | ||
| Q3 24 | $681.0M | $10.1B | ||
| Q2 24 | $2.0B | $9.2B |
总资产HTZSHOP
| Q1 26 | $23.3B | — | ||
| Q4 25 | $22.3B | $15.2B | ||
| Q3 25 | $23.0B | $15.0B | ||
| Q2 25 | $23.1B | $14.6B | ||
| Q1 25 | $22.0B | $13.4B | ||
| Q4 24 | $21.8B | $13.9B | ||
| Q3 24 | $23.0B | — | ||
| Q2 24 | $25.2B | — |
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 | — | $725.0M |
| 自由现金流经营现金流 - 资本支出 | — | $715.0M |
| 自由现金流率自由现金流/营收 | — | 19.5% |
| 资本支出强度资本支出/营收 | 53.6% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | $193.0M | $725.0M | ||
| Q3 25 | $835.0M | $513.0M | ||
| Q2 25 | $346.0M | $428.0M | ||
| Q1 25 | $251.0M | $367.0M | ||
| Q4 24 | $414.0M | $615.0M | ||
| Q3 24 | $894.0M | $423.0M | ||
| Q2 24 | $546.0M | $340.0M |
自由现金流HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | $715.0M | ||
| Q3 25 | — | $507.0M | ||
| Q2 25 | — | $422.0M | ||
| Q1 25 | — | $363.0M | ||
| Q4 24 | — | $611.0M | ||
| Q3 24 | — | $421.0M | ||
| Q2 24 | — | $333.0M |
自由现金流率HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 16.3% |
资本支出强度HTZSHOP
| Q1 26 | 53.6% | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% |
现金转化率HTZSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | 4.54× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× |
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
HTZ
暂无分部数据
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
