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Lightspeed Commerce Inc.（LSPD）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Lightspeed Commerce Inc.的4.5倍（$3.7B vs $823.4M）。SHOPIFY INC.净利率更高（20.2% vs -11.1%，领先31.3%）。过去两年Lightspeed Commerce Inc.的营收复合增速更高（89.1% vs 40.5%）
Lightspeed Commerce是总部位于加拿大魁北克省蒙特利尔的销售点系统及电商软件服务商，2005年由达克斯·达席尔瓦创立，服务覆盖零售、餐饮、酒店等行业，在北美、欧洲、大洋洲等多地设有办公网点。
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。
LSPD vs SHOP — 直观对比
营收规模更大
SHOP
是对方的4.5倍
$823.4M
净利率更高
SHOP
高出31.3%
-11.1%
两年增速更快
LSPD
近两年复合增速
40.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $823.4M | $3.7B |
| 净利润 | $-91.3M | $743.0M |
| 毛利率 | 41.1% | 46.1% |
| 营业利润率 | -14.1% | 17.2% |
| 净利率 | -11.1% | 20.2% |
| 营收同比 | — | 30.6% |
| 净利润同比 | — | -42.5% |
| 每股收益（稀释后） | — | $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LSPDSHOP
| Q4 25 | $823.4M | $3.7B | ||
| Q3 25 | $543.3M | $2.8B | ||
| Q2 25 | $266.1M | $2.7B | ||
| Q1 25 | $253.4M | $2.4B | ||
| Q4 24 | $679.1M | $2.8B | ||
| Q3 24 | $439.4M | $2.2B | ||
| Q2 24 | $209.1M | $2.0B | ||
| Q1 24 | $230.2M | $1.9B |
净利润LSPDSHOP
| Q4 25 | $-91.3M | $743.0M | ||
| Q3 25 | $-64.7M | $264.0M | ||
| Q2 25 | $-35.0M | $906.0M | ||
| Q1 25 | $-575.9M | $-682.0M | ||
| Q4 24 | $-131.4M | $1.3B | ||
| Q3 24 | $-91.2M | $828.0M | ||
| Q2 24 | $-48.7M | $171.0M | ||
| Q1 24 | $-32.5M | $-273.0M |
毛利率LSPDSHOP
| Q4 25 | 41.1% | 46.1% | ||
| Q3 25 | 41.0% | 48.9% | ||
| Q2 25 | 40.7% | 48.6% | ||
| Q1 25 | 44.1% | 49.5% | ||
| Q4 24 | 42.1% | 48.1% | ||
| Q3 24 | 41.9% | 51.7% | ||
| Q2 24 | 42.0% | 51.1% | ||
| Q1 24 | 43.3% | 51.4% |
营业利润率LSPDSHOP
| Q4 25 | -14.1% | 17.2% | ||
| Q3 25 | -15.1% | 12.1% | ||
| Q2 25 | -16.6% | 10.9% | ||
| Q1 25 | -228.9% | 8.6% | ||
| Q4 24 | -23.8% | 16.5% | ||
| Q3 24 | -25.1% | 13.1% | ||
| Q2 24 | -27.9% | 11.8% | ||
| Q1 24 | -17.9% | 4.6% |
净利率LSPDSHOP
| Q4 25 | -11.1% | 20.2% | ||
| Q3 25 | -11.9% | 9.3% | ||
| Q2 25 | -13.2% | 33.8% | ||
| Q1 25 | -227.3% | -28.9% | ||
| Q4 24 | -19.4% | 46.0% | ||
| Q3 24 | -20.8% | 38.3% | ||
| Q2 24 | -23.3% | 8.4% | ||
| Q1 24 | -14.1% | -14.7% |
每股收益（稀释后）LSPDSHOP
| Q4 25 | — | $0.58 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.69 | ||
| Q1 25 | $0.10 | $-0.53 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | $-0.01 | $0.13 | ||
| Q1 24 | $0.06 | $-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 | — | $5.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $13.5B |
| 总资产 | — | $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LSPDSHOP
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LSPDSHOP
| Q4 25 | — | $13.5B | ||
| Q3 25 | — | $12.5B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.1B | ||
| Q4 24 | — | $11.6B | ||
| Q3 24 | — | $10.1B | ||
| Q2 24 | — | $9.2B | ||
| Q1 24 | — | $8.9B |
总资产LSPDSHOP
| Q4 25 | — | $15.2B | ||
| Q3 25 | — | $15.0B | ||
| Q2 25 | — | $14.6B | ||
| Q1 25 | — | $13.4B | ||
| Q4 24 | — | $13.9B | ||
| 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 | — | $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 | — | 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LSPDSHOP
| Q4 25 | — | $725.0M | ||
| Q3 25 | — | $513.0M | ||
| Q2 25 | — | $428.0M | ||
| Q1 25 | $-9.9M | $367.0M | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | — | $423.0M | ||
| Q2 24 | $-26.1M | $340.0M | ||
| Q1 24 | $-28.5M | $238.0M |
自由现金流LSPDSHOP
| 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 | ||
| Q1 24 | — | $232.0M |
自由现金流率LSPDSHOP
| 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% | ||
| Q1 24 | — | 12.5% |
资本支出强度LSPDSHOP
| 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% | ||
| Q1 24 | — | 0.3% |
现金转化率LSPDSHOP
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | — |
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
LSPD
暂无分部数据
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
