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KINGSWAY FINANCIAL SERVICES INC（KFS）与OneSpan Inc.（OSPN）财务数据对比。点击上方公司名可切换其他公司
OneSpan Inc.的季度营收约是KINGSWAY FINANCIAL SERVICES INC的1.7倍（$65.9M vs $38.6M），OneSpan Inc.净利率更高（17.5% vs -4.1%，领先21.6%），KINGSWAY FINANCIAL SERVICES INC同比增速更快（30.1% vs 4.1%），过去两年KINGSWAY FINANCIAL SERVICES INC的营收复合增速更高（21.4% vs 4.0%）
金斯威金融服务公司是一家专业金融控股企业，主要提供财产和意外伤害保险产品，包括个人车险、商业责任险、财产险等，核心市场覆盖北美地区，服务个人消费者、小微企业主及特定商业客户群体。
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
KFS vs OSPN — 直观对比
营收规模更大
OSPN
是对方的1.7倍
$38.6M
营收增速更快
KFS
高出26.0%
4.1%
净利率更高
OSPN
高出21.6%
-4.1%
两年增速更快
KFS
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $38.6M | $65.9M |
| 净利润 | $-1.6M | $11.6M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 0.8% | 22.5% |
| 净利率 | -4.1% | 17.5% |
| 营收同比 | 30.1% | 4.1% |
| 净利润同比 | -7.8% | — |
| 每股收益（稀释后） | $-0.07 | $0.39 |
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KFSOSPN
| Q1 26 | — | $65.9M | ||
| Q4 25 | $38.6M | $62.9M | ||
| Q3 25 | $37.2M | $57.1M | ||
| Q2 25 | $30.9M | $59.8M | ||
| Q1 25 | $28.3M | $63.4M | ||
| Q4 24 | $29.6M | $61.2M | ||
| Q3 24 | $27.1M | $56.2M | ||
| Q2 24 | $26.4M | $60.9M |
净利润KFSOSPN
| Q1 26 | — | $11.6M | ||
| Q4 25 | $-1.6M | $43.5M | ||
| Q3 25 | $-2.4M | $6.5M | ||
| Q2 25 | $-3.2M | $8.3M | ||
| Q1 25 | $-3.1M | $14.5M | ||
| Q4 24 | $-1.5M | $28.8M | ||
| Q3 24 | $-2.3M | $8.3M | ||
| Q2 24 | $-2.2M | $6.6M |
毛利率KFSOSPN
| Q1 26 | — | 73.6% | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 74.3% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 73.9% | ||
| Q2 24 | — | 66.2% |
营业利润率KFSOSPN
| Q1 26 | — | 22.5% | ||
| Q4 25 | 0.8% | 19.9% | ||
| Q3 25 | -2.3% | 14.4% | ||
| Q2 25 | -3.6% | 17.6% | ||
| Q1 25 | -2.5% | 27.1% | ||
| Q4 24 | 6.5% | 19.3% | ||
| Q3 24 | -2.5% | 20.0% | ||
| Q2 24 | 0.5% | 12.5% |
净利率KFSOSPN
| Q1 26 | — | 17.5% | ||
| Q4 25 | -4.1% | 69.2% | ||
| Q3 25 | -6.5% | 11.4% | ||
| Q2 25 | -10.2% | 13.9% | ||
| Q1 25 | -10.9% | 22.9% | ||
| Q4 24 | -5.0% | 47.1% | ||
| Q3 24 | -8.5% | 14.7% | ||
| Q2 24 | -8.3% | 10.8% |
每股收益（稀释后）KFSOSPN
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-0.07 | $1.13 | ||
| Q3 25 | $-0.10 | $0.17 | ||
| Q2 25 | $-0.13 | $0.21 | ||
| Q1 25 | $-0.13 | $0.37 | ||
| Q4 24 | $-0.08 | $0.73 | ||
| Q3 24 | $-0.10 | $0.21 | ||
| Q2 24 | $-0.08 | $0.17 |
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 | $8.5M | $49.8M |
| 总债务越低越好 | $70.7M | — |
| 股东权益账面价值 | $15.2M | $272.0M |
| 总资产 | $231.5M | $383.1M |
| 负债/权益比越低杠杆越低 | 4.66× | — |
8季度趋势，按日历期对齐
现金及短期投资KFSOSPN
| Q1 26 | — | $49.8M | ||
| Q4 25 | $8.5M | $70.5M | ||
| Q3 25 | $9.5M | $85.6M | ||
| Q2 25 | $12.3M | $92.9M | ||
| Q1 25 | $6.5M | $105.2M | ||
| Q4 24 | $5.7M | $83.2M | ||
| Q3 24 | $6.7M | $77.5M | ||
| Q2 24 | $9.8M | $63.8M |
总债务KFSOSPN
| Q1 26 | — | — | ||
| Q4 25 | $70.7M | — | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | $58.3M | — | ||
| Q1 25 | $59.5M | — | ||
| Q4 24 | $57.5M | — | ||
| Q3 24 | $58.5M | — | ||
| Q2 24 | $47.3M | — |
股东权益KFSOSPN
| Q1 26 | — | $272.0M | ||
| Q4 25 | $15.2M | $271.8M | ||
| Q3 25 | $16.6M | $238.3M | ||
| Q2 25 | $17.4M | $242.5M | ||
| Q1 25 | $5.5M | $231.1M | ||
| Q4 24 | $8.4M | $212.5M | ||
| Q3 24 | $9.9M | $194.6M | ||
| Q2 24 | $20.7M | $178.6M |
总资产KFSOSPN
| Q1 26 | — | $383.1M | ||
| Q4 25 | $231.5M | $397.7M | ||
| Q3 25 | $235.1M | $343.5M | ||
| Q2 25 | $207.7M | $357.1M | ||
| Q1 25 | $192.1M | $333.8M | ||
| Q4 24 | $186.6M | $338.7M | ||
| Q3 24 | $191.1M | $289.3M | ||
| Q2 24 | $192.3M | $286.9M |
负债/权益比KFSOSPN
| Q1 26 | — | — | ||
| Q4 25 | 4.66× | — | ||
| Q3 25 | 4.25× | — | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 10.91× | — | ||
| Q4 24 | 6.84× | — | ||
| Q3 24 | 5.88× | — | ||
| Q2 24 | 2.29× | — |
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 | $-3.0K | $28.2M |
| 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 | — | 2.44× |
| 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KFSOSPN
| Q1 26 | — | $28.2M | ||
| Q4 25 | $-3.0K | $12.6M | ||
| Q3 25 | $1.5M | $11.3M | ||
| Q2 25 | $337.0K | $6.2M | ||
| Q1 25 | $-1.8M | $29.4M | ||
| Q4 24 | $1.1M | $12.4M | ||
| Q3 24 | $368.0K | $14.0M | ||
| Q2 24 | $557.0K | $2.3M |
自由现金流KFSOSPN
| Q1 26 | — | — | ||
| Q4 25 | — | $9.6M | ||
| Q3 25 | $1.3M | $8.8M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $27.7M | ||
| Q4 24 | — | $10.5M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $26.0K |
自由现金流率KFSOSPN
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | 3.4% | 15.4% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 0.0% |
资本支出强度KFSOSPN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | 0.5% | 4.4% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.0% | 3.5% | ||
| Q2 24 | — | 3.7% |
现金转化率KFSOSPN
| Q1 26 | — | 2.44× | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
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
KFS
| Other | $14.8M | 38% |
| Roundhouse Electric Equipment Co Inc | $9.7M | 25% |
| MLC Plumbing LLC | $5.7M | 15% |
| Systems Products International Incspi | $3.8M | 10% |
| Advanced Plumbing And Drain | $2.9M | 8% |
| Southside Plumbing | $1.7M | 4% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
