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Kosmos Energy Ltd.（KOS）与SPS COMMERCE INC（SPSC）财务数据对比。点击上方公司名可切换其他公司
Kosmos Energy Ltd.的季度营收约是SPS COMMERCE INC的1.5倍（$294.6M vs $192.7M），SPS COMMERCE INC同比增速更快（12.7% vs -25.9%），过去两年SPS COMMERCE INC的营收复合增速更高（13.5% vs -16.5%）
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
SPS Commerce是美国的应用软件科技企业，主打云端供应链管理软件解决方案，总部位于明尼苏达州明尼阿波利斯。除新泽西的美国本土办公室外，公司还在阿姆斯特丹、北京、香港、墨尔本、悉尼、多伦多等全球多地设有分支机构。
KOS vs SPSC — 直观对比
营收规模更大
KOS
是对方的1.5倍
$192.7M
营收增速更快
SPSC
高出38.6%
-25.9%
两年增速更快
SPSC
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $294.6M | $192.7M |
| 净利润 | — | $25.8M |
| 毛利率 | — | 70.4% |
| 营业利润率 | -125.7% | 18.0% |
| 净利率 | — | 13.4% |
| 营收同比 | -25.9% | 12.7% |
| 净利润同比 | — | 47.2% |
| 每股收益（稀释后） | $-0.80 | $0.69 |
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KOSSPSC
| Q4 25 | $294.6M | $192.7M | ||
| Q3 25 | $311.0M | $189.9M | ||
| Q2 25 | $392.6M | $187.4M | ||
| Q1 25 | $290.1M | $181.5M | ||
| Q4 24 | $397.6M | $170.9M | ||
| Q3 24 | $407.8M | $163.7M | ||
| Q2 24 | $447.8M | $153.6M | ||
| Q1 24 | $422.3M | $149.6M |
净利润KOSSPSC
| Q4 25 | — | $25.8M | ||
| Q3 25 | $-124.3M | $25.6M | ||
| Q2 25 | $-87.7M | $19.7M | ||
| Q1 25 | $-110.6M | $22.2M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $45.0M | $23.5M | ||
| Q2 24 | $59.8M | $18.0M | ||
| Q1 24 | $91.7M | $18.0M |
毛利率KOSSPSC
| Q4 25 | — | 70.4% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 68.1% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | — | 68.5% | ||
| Q2 24 | — | 66.1% | ||
| Q1 24 | — | 65.6% |
营业利润率KOSSPSC
| Q4 25 | -125.7% | 18.0% | ||
| Q3 25 | -34.2% | 16.4% | ||
| Q2 25 | -16.2% | 14.1% | ||
| Q1 25 | -32.4% | 14.3% | ||
| Q4 24 | -8.5% | 14.5% | ||
| Q3 24 | 26.1% | 15.6% | ||
| Q2 24 | 30.2% | 15.1% | ||
| Q1 24 | 33.6% | 10.3% |
净利率KOSSPSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | -40.0% | 13.5% | ||
| Q2 25 | -22.3% | 10.5% | ||
| Q1 25 | -38.1% | 12.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 11.0% | 14.3% | ||
| Q2 24 | 13.3% | 11.7% | ||
| Q1 24 | 21.7% | 12.0% |
每股收益（稀释后）KOSSPSC
| Q4 25 | $-0.80 | $0.69 | ||
| Q3 25 | $-0.26 | $0.67 | ||
| Q2 25 | $-0.18 | $0.52 | ||
| Q1 25 | $-0.23 | $0.58 | ||
| Q4 24 | $0.00 | $0.46 | ||
| Q3 24 | $0.09 | $0.62 | ||
| Q2 24 | $0.12 | $0.48 | ||
| Q1 24 | $0.19 | $0.48 |
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 | $91.5M | $151.4M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $528.6M | $973.9M |
| 总资产 | $4.7B | $1.2B |
| 负债/权益比越低杠杆越低 | 5.78× | — |
8季度趋势，按日历期对齐
现金及短期投资KOSSPSC
| Q4 25 | $91.5M | $151.4M | ||
| Q3 25 | $64.0M | $133.7M | ||
| Q2 25 | $51.7M | $107.6M | ||
| Q1 25 | $49.8M | $94.9M | ||
| Q4 24 | $85.0M | $241.0M | ||
| Q3 24 | $51.6M | $205.8M | ||
| Q2 24 | $173.8M | $271.8M | ||
| Q1 24 | $254.3M | $290.8M |
总债务KOSSPSC
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KOSSPSC
| Q4 25 | $528.6M | $973.9M | ||
| Q3 25 | $898.8M | $958.9M | ||
| Q2 25 | $1.0B | $949.8M | ||
| Q1 25 | $1.1B | $920.9M | ||
| Q4 24 | $1.2B | $854.7M | ||
| Q3 24 | $1.2B | $829.4M | ||
| Q2 24 | $1.1B | $703.4M | ||
| Q1 24 | $1.1B | $683.0M |
总资产KOSSPSC
| Q4 25 | $4.7B | $1.2B | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $5.3B | $1.1B | ||
| Q4 24 | $5.3B | $1.0B | ||
| Q3 24 | $5.5B | $1.0B | ||
| Q2 24 | $5.4B | $854.5M | ||
| Q1 24 | $5.4B | $839.8M |
负债/权益比KOSSPSC
| Q4 25 | 5.78× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 2.80× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | — | — | ||
| 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 | $35.3M | $45.9M |
| 自由现金流经营现金流 - 资本支出 | — | $38.2M |
| 自由现金流率自由现金流/营收 | — | 19.8% |
| 资本支出强度资本支出/营收 | — | 4.0% |
| 现金转化率经营现金流/净利润 | — | 1.78× |
| 过去12个月自由现金流最近4个季度 | — | $152.3M |
8季度趋势，按日历期对齐
经营现金流KOSSPSC
| Q4 25 | $35.3M | $45.9M | ||
| Q3 25 | $-27.6M | $60.6M | ||
| Q2 25 | $127.2M | $32.3M | ||
| Q1 25 | $-888.0K | $40.0M | ||
| Q4 24 | $175.7M | $40.6M | ||
| Q3 24 | $6.3M | $53.3M | ||
| Q2 24 | $223.7M | $29.4M | ||
| Q1 24 | $272.6M | $34.1M |
自由现金流KOSSPSC
| Q4 25 | — | $38.2M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $25.7M | ||
| Q1 25 | — | $33.8M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $48.1M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $30.5M |
自由现金流率KOSSPSC
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 20.4% |
资本支出强度KOSSPSC
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 2.4% |
现金转化率KOSSPSC
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 0.14× | 2.27× | ||
| Q2 24 | 3.74× | 1.63× | ||
| Q1 24 | 2.97× | 1.89× |
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
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
