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晨星（MORN）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是晨星的1.0倍（$663.0M vs $644.8M），Reddit, Inc.同比增速更快（69.0% vs 10.8%），Reddit, Inc.自由现金流更多（$311.0M vs $53.6M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 6.2%）
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MORN vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.0倍
$644.8M
营收增速更快
RDDT
高出58.2%
10.8%
自由现金流更多
RDDT
多$257.4M
$53.6M
两年增速更快
RDDT
近两年复合增速
6.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.8M | $663.0M |
| 净利润 | — | $204.0M |
| 毛利率 | 62.9% | 100.0% |
| 营业利润率 | 24.2% | 0.0% |
| 净利率 | — | 30.8% |
| 营收同比 | 10.8% | 69.0% |
| 净利润同比 | — | 680.0% |
| 每股收益（稀释后） | $2.73 | $1.01 |
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MORNRDDT
| Q1 26 | $644.8M | $663.0M | ||
| Q4 25 | $641.1M | $725.6M | ||
| Q3 25 | $617.4M | $584.9M | ||
| Q2 25 | $605.1M | $499.6M | ||
| Q1 25 | $581.9M | $392.4M | ||
| Q4 24 | $591.0M | $427.7M | ||
| Q3 24 | $569.4M | $348.4M | ||
| Q2 24 | $571.9M | $281.2M |
净利润MORNRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $115.1M | $251.6M | ||
| Q3 25 | $91.6M | $162.7M | ||
| Q2 25 | $89.0M | $89.3M | ||
| Q1 25 | $78.5M | $26.2M | ||
| Q4 24 | $116.9M | $71.0M | ||
| Q3 24 | $119.7M | $29.9M | ||
| Q2 24 | $69.1M | $-10.1M |
毛利率MORNRDDT
| Q1 26 | 62.9% | 100.0% | ||
| Q4 25 | 61.1% | 91.9% | ||
| Q3 25 | 60.9% | 91.0% | ||
| Q2 25 | 61.9% | 90.8% | ||
| Q1 25 | 60.2% | 90.5% | ||
| Q4 24 | 60.7% | 92.6% | ||
| Q3 24 | 60.9% | 90.1% | ||
| Q2 24 | 61.1% | 89.5% |
营业利润率MORNRDDT
| Q1 26 | 24.2% | 0.0% | ||
| Q4 25 | 24.9% | 31.9% | ||
| Q3 25 | 20.7% | 23.7% | ||
| Q2 25 | 20.7% | 13.6% | ||
| Q1 25 | 19.6% | 1.0% | ||
| Q4 24 | 28.5% | 12.4% | ||
| Q3 24 | 20.3% | 2.0% | ||
| Q2 24 | 19.0% | -11.0% |
净利率MORNRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 18.0% | 34.7% | ||
| Q3 25 | 14.8% | 27.8% | ||
| Q2 25 | 14.7% | 17.9% | ||
| Q1 25 | 13.5% | 6.7% | ||
| Q4 24 | 19.8% | 16.6% | ||
| Q3 24 | 21.0% | 8.6% | ||
| Q2 24 | 12.1% | -3.6% |
每股收益（稀释后）MORNRDDT
| Q1 26 | $2.73 | $1.01 | ||
| Q4 25 | $2.79 | $1.24 | ||
| Q3 25 | $2.17 | $0.80 | ||
| Q2 25 | $2.09 | $0.45 | ||
| Q1 25 | $1.82 | $0.13 | ||
| Q4 24 | $2.72 | $4.76 | ||
| Q3 24 | $2.77 | $0.16 | ||
| Q2 24 | $1.60 | $-0.06 |
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 | $492.8M | $1.4B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.0B | $3.2B |
| 总资产 | $4.0B | $3.5B |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资MORNRDDT
| Q1 26 | $492.8M | $1.4B | ||
| Q4 25 | $528.7M | $953.6M | ||
| Q3 25 | $40.3M | $911.7M | ||
| Q2 25 | $38.1M | $734.1M | ||
| Q1 25 | $47.7M | $635.7M | ||
| Q4 24 | $551.0M | $562.1M | ||
| Q3 24 | $48.8M | $515.9M | ||
| Q2 24 | $48.0M | $468.0M |
总债务MORNRDDT
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
股东权益MORNRDDT
| Q1 26 | $1.0B | $3.2B | ||
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
总资产MORNRDDT
| Q1 26 | $4.0B | $3.5B | ||
| Q4 25 | $3.6B | $3.2B | ||
| Q3 25 | $3.6B | $2.9B | ||
| Q2 25 | $3.6B | $2.6B | ||
| Q1 25 | $3.6B | $2.4B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.4B | $2.1B |
负债/权益比MORNRDDT
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.63× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $53.6M | $311.0M |
| 自由现金流率自由现金流/营收 | 8.3% | 46.9% |
| 资本支出强度资本支出/营收 | 5.9% | — |
| 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 | $437.4M | $868.6M |
8季度趋势，按日历期对齐
经营现金流MORNRDDT
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $266.8M | ||
| Q3 25 | $195.7M | $185.2M | ||
| Q2 25 | $99.0M | $111.3M | ||
| Q1 25 | $91.0M | $127.6M | ||
| Q4 24 | $153.4M | $90.0M | ||
| Q3 24 | $191.9M | $71.6M | ||
| Q2 24 | $152.7M | $28.4M |
自由现金流MORNRDDT
| Q1 26 | $53.6M | $311.0M | ||
| Q4 25 | $161.3M | $263.6M | ||
| Q3 25 | $160.1M | $183.1M | ||
| Q2 25 | $62.4M | $110.8M | ||
| Q1 25 | $58.8M | $126.6M | ||
| Q4 24 | $112.8M | $89.2M | ||
| Q3 24 | $155.8M | $70.3M | ||
| Q2 24 | $120.8M | $27.2M |
自由现金流率MORNRDDT
| Q1 26 | 8.3% | 46.9% | ||
| Q4 25 | 25.2% | 36.3% | ||
| Q3 25 | 25.9% | 31.3% | ||
| Q2 25 | 10.3% | 22.2% | ||
| Q1 25 | 10.1% | 32.3% | ||
| Q4 24 | 19.1% | 20.8% | ||
| Q3 24 | 27.4% | 20.2% | ||
| Q2 24 | 21.1% | 9.7% |
资本支出强度MORNRDDT
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 0.4% | ||
| Q3 25 | 5.8% | 0.4% | ||
| Q2 25 | 6.0% | 0.1% | ||
| Q1 25 | 5.5% | 0.2% | ||
| Q4 24 | 6.9% | 0.2% | ||
| Q3 24 | 6.3% | 0.4% | ||
| Q2 24 | 5.6% | 0.4% |
现金转化率MORNRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.06× | ||
| Q3 25 | 2.14× | 1.14× | ||
| Q2 25 | 1.11× | 1.25× | ||
| Q1 25 | 1.16× | 4.88× | ||
| Q4 24 | 1.31× | 1.27× | ||
| Q3 24 | 1.60× | 2.40× | ||
| Q2 24 | 2.21× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
