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MongoDB, Inc.（MDB）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是MongoDB, Inc.的1.9倍（$1.2B vs $628.3M），MongoDB, Inc.净利率更高（-0.3% vs -24.2%，领先23.9%），Snowflake Inc.同比增速更快（28.7% vs 18.7%），MongoDB, Inc.自由现金流更多（$141.8M vs $113.6M），过去两年Snowflake Inc.的营收复合增速更高（25.1% vs 17.1%）
MongoDB Inc.是美国软件企业，核心业务为开发面向非结构化数据的数据库引擎MongoDB并提供相关商用技术支持。该产品脱胎于NoSQL数据库，后续新增ACID事务等能力，功能覆盖场景持续拓展，可充分满足全球企业级客户的多元需求。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
MDB vs SNOW — 直观对比
营收规模更大
SNOW
是对方的1.9倍
$628.3M
营收增速更快
SNOW
高出10.1%
18.7%
净利率更高
MDB
高出23.9%
-24.2%
自由现金流更多
MDB
多$28.2M
$113.6M
两年增速更快
SNOW
近两年复合增速
17.1%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $628.3M | $1.2B |
| 净利润 | $-2.0M | $-294.0M |
| 毛利率 | 71.5% | 67.8% |
| 营业利润率 | -2.9% | -27.2% |
| 净利率 | -0.3% | -24.2% |
| 营收同比 | 18.7% | 28.7% |
| 净利润同比 | 79.5% | 9.4% |
| 每股收益（稀释后） | — | $-0.87 |
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MDBSNOW
| Q4 25 | $628.3M | $1.2B | ||
| Q3 25 | $591.4M | $1.1B | ||
| Q2 25 | $549.0M | $1.0B | ||
| Q1 25 | $548.4M | $986.8M | ||
| Q4 24 | $529.4M | $942.1M | ||
| Q3 24 | $478.1M | $868.8M | ||
| Q2 24 | $450.6M | $828.7M | ||
| Q1 24 | $458.0M | $774.7M |
净利润MDBSNOW
| Q4 25 | $-2.0M | $-294.0M | ||
| Q3 25 | $-47.0M | $-298.0M | ||
| Q2 25 | $-37.6M | $-430.1M | ||
| Q1 25 | $15.8M | $-327.5M | ||
| Q4 24 | $-9.8M | $-324.3M | ||
| Q3 24 | $-54.5M | $-316.9M | ||
| Q2 24 | $-80.6M | $-317.0M | ||
| Q1 24 | $-55.5M | $-169.4M |
毛利率MDBSNOW
| Q4 25 | 71.5% | 67.8% | ||
| Q3 25 | 71.0% | 67.5% | ||
| Q2 25 | 71.2% | 66.5% | ||
| Q1 25 | 72.8% | 66.2% | ||
| Q4 24 | 74.4% | 65.9% | ||
| Q3 24 | 73.2% | 66.8% | ||
| Q2 24 | 72.8% | 67.1% | ||
| Q1 24 | 75.0% | 68.8% |
营业利润率MDBSNOW
| Q4 25 | -2.9% | -27.2% | ||
| Q3 25 | -11.0% | -29.7% | ||
| Q2 25 | -9.8% | -42.9% | ||
| Q1 25 | -3.4% | -39.2% | ||
| Q4 24 | -5.3% | -38.8% | ||
| Q3 24 | -14.9% | -40.9% | ||
| Q2 24 | -21.8% | -42.1% | ||
| Q1 24 | -15.5% | -35.6% |
净利率MDBSNOW
| Q4 25 | -0.3% | -24.2% | ||
| Q3 25 | -8.0% | -26.0% | ||
| Q2 25 | -6.9% | -41.3% | ||
| Q1 25 | 2.9% | -33.2% | ||
| Q4 24 | -1.8% | -34.4% | ||
| Q3 24 | -11.4% | -36.5% | ||
| Q2 24 | -17.9% | -38.3% | ||
| Q1 24 | -12.1% | -21.9% |
每股收益（稀释后）MDBSNOW
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.89 | ||
| Q2 25 | — | $-1.29 | ||
| Q1 25 | — | $-0.98 | ||
| Q4 24 | — | $-0.98 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $-0.95 | ||
| Q1 24 | — | $-0.51 |
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 | $834.1M | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $2.1B |
| 总资产 | $3.6B | $8.2B |
| 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MDBSNOW
| Q4 25 | $834.1M | $1.9B | ||
| Q3 25 | $647.1M | $1.9B | ||
| Q2 25 | $657.8M | $2.2B | ||
| Q1 25 | $490.1M | $2.6B | ||
| Q4 24 | $673.1M | $2.1B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $815.7M | $1.3B | ||
| Q1 24 | $803.0M | $1.8B |
股东权益MDBSNOW
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $3.0B | $2.4B | ||
| Q1 25 | $2.8B | $3.0B | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.4B | $4.1B | ||
| Q2 24 | $1.3B | $4.6B | ||
| Q1 24 | $1.1B | $5.2B |
总资产MDBSNOW
| Q4 25 | $3.6B | $8.2B | ||
| Q3 25 | $3.5B | $8.2B | ||
| Q2 25 | $3.6B | $8.2B | ||
| Q1 25 | $3.4B | $9.0B | ||
| Q4 24 | $3.2B | $8.2B | ||
| Q3 24 | $3.1B | $6.9B | ||
| Q2 24 | $3.0B | $7.3B | ||
| Q1 24 | $2.9B | $8.2B |
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 | $143.5M | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $141.8M | $113.6M |
| 自由现金流率自由现金流/营收 | 22.6% | 9.4% |
| 资本支出强度资本支出/营收 | 0.3% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $346.3M | $776.7M |
8季度趋势，按日历期对齐
经营现金流MDBSNOW
| Q4 25 | $143.5M | $137.5M | ||
| Q3 25 | $72.1M | $74.9M | ||
| Q2 25 | $109.9M | $228.4M | ||
| Q1 25 | $50.5M | $432.7M | ||
| Q4 24 | $37.4M | $101.7M | ||
| Q3 24 | $-1.4M | $69.9M | ||
| Q2 24 | $63.6M | $355.5M | ||
| Q1 24 | $54.6M | $344.6M |
自由现金流MDBSNOW
| Q4 25 | $141.8M | $113.6M | ||
| Q3 25 | $71.6M | $58.2M | ||
| Q2 25 | $108.3M | $183.4M | ||
| Q1 25 | $24.6M | $421.4M | ||
| Q4 24 | $35.5M | $88.3M | ||
| Q3 24 | $-2.4M | $64.8M | ||
| Q2 24 | $63.1M | $338.9M | ||
| Q1 24 | $51.9M | $331.5M |
自由现金流率MDBSNOW
| Q4 25 | 22.6% | 9.4% | ||
| Q3 25 | 12.1% | 5.1% | ||
| Q2 25 | 19.7% | 17.6% | ||
| Q1 25 | 4.5% | 42.7% | ||
| Q4 24 | 6.7% | 9.4% | ||
| Q3 24 | -0.5% | 7.5% | ||
| Q2 24 | 14.0% | 40.9% | ||
| Q1 24 | 11.3% | 42.8% |
资本支出强度MDBSNOW
| Q4 25 | 0.3% | 2.0% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 4.7% | 1.1% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.1% | 2.0% | ||
| Q1 24 | 0.6% | 1.7% |
现金转化率MDBSNOW
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.19× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
MDB
| Mongo DB Atlas Related | $470.4M | 75% |
| Other Subscription | $138.7M | 22% |
| Services | $19.2M | 3% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
