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微策略（MSTR）与OneStream, Inc.（OS）财务数据对比。点击上方公司名可切换其他公司
OneStream, Inc.的季度营收约是微策略的1.3倍（$163.7M vs $123.0M），OneStream, Inc.同比增速更快（23.6% vs 1.9%），过去两年OneStream, Inc.的营收复合增速更高（21.8% vs 3.3%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
Blue Stream面向美国佛罗里达州科勒尔斯普林斯、韦斯顿两地的居民及商业客户，提供有线电视、有线固话、数字录像服务，以及最高速率达1G的宽带互联网接入服务，深耕当地通信市场，为用户提供稳定可靠的多元通信解决方案。
MSTR vs OS — 直观对比
营收规模更大
OS
是对方的1.3倍
$123.0M
营收增速更快
OS
高出21.7%
1.9%
两年增速更快
OS
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $163.7M |
| 净利润 | — | $999.0K |
| 毛利率 | 66.1% | 69.8% |
| 营业利润率 | — | -3.2% |
| 净利率 | — | 0.6% |
| 营收同比 | 1.9% | 23.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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MSTROS
| Q4 25 | $123.0M | $163.7M | ||
| Q3 25 | $128.7M | $154.3M | ||
| Q2 25 | $114.5M | $147.6M | ||
| Q1 25 | $111.1M | $136.3M | ||
| Q4 24 | $120.7M | $132.5M | ||
| Q3 24 | $116.1M | $129.1M | ||
| Q2 24 | $111.4M | $117.5M | ||
| Q1 24 | $115.2M | $110.3M |
净利润MSTROS
| Q4 25 | — | $999.0K | ||
| Q3 25 | $2.8B | $-8.8M | ||
| Q2 25 | $10.0B | $-18.4M | ||
| Q1 25 | $-4.2B | $-24.0M | ||
| Q4 24 | $-670.8M | — | ||
| Q3 24 | $-340.2M | $-171.9M | ||
| Q2 24 | $-102.6M | $-7.8M | ||
| Q1 24 | $-53.1M | $-5.0M |
毛利率MSTROS
| Q4 25 | 66.1% | 69.8% | ||
| Q3 25 | 70.5% | 68.1% | ||
| Q2 25 | 68.8% | 68.6% | ||
| Q1 25 | 69.4% | 68.0% | ||
| Q4 24 | 71.7% | 66.8% | ||
| Q3 24 | 70.4% | 50.1% | ||
| Q2 24 | 72.2% | 68.5% | ||
| Q1 24 | 74.0% | 69.1% |
营业利润率MSTROS
| Q4 25 | — | -3.2% | ||
| Q3 25 | — | -11.3% | ||
| Q2 25 | — | -21.8% | ||
| Q1 25 | -5331.4% | -29.3% | ||
| Q4 24 | -842.1% | -35.8% | ||
| Q3 24 | -372.7% | -197.6% | ||
| Q2 24 | -179.7% | -9.8% | ||
| Q1 24 | -176.8% | -4.9% |
净利率MSTROS
| Q4 25 | — | 0.6% | ||
| Q3 25 | 2164.1% | -5.7% | ||
| Q2 25 | 8752.7% | -12.5% | ||
| Q1 25 | -3797.2% | -17.6% | ||
| Q4 24 | -555.8% | — | ||
| Q3 24 | -293.1% | -133.1% | ||
| Q2 24 | -92.0% | -6.7% | ||
| Q1 24 | -46.1% | -4.5% |
每股收益（稀释后）MSTROS
| Q4 25 | — | — | ||
| Q3 25 | $8.42 | — | ||
| Q2 25 | $32.60 | — | ||
| Q1 25 | $-16.49 | — | ||
| Q4 24 | $4.49 | — | ||
| Q3 24 | $-1.72 | $-1.06 | ||
| Q2 24 | $-0.57 | — | ||
| Q1 24 | $-0.31 | — |
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 | $2.3B | $693.6M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $504.7M |
| 总资产 | $61.6B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资MSTROS
| Q4 25 | $2.3B | $693.6M | ||
| Q3 25 | $54.3M | $653.9M | ||
| Q2 25 | $50.1M | $652.1M | ||
| Q1 25 | $60.3M | $593.9M | ||
| Q4 24 | $38.1M | $544.2M | ||
| Q3 24 | $46.3M | $495.5M | ||
| Q2 24 | $66.9M | $140.5M | ||
| Q1 24 | $81.3M | — |
总债务MSTROS
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.6B | — |
股东权益MSTROS
| Q4 25 | $44.1B | $504.7M | ||
| Q3 25 | $52.3B | $472.1M | ||
| Q2 25 | $47.5B | $458.2M | ||
| Q1 25 | $32.2B | $412.9M | ||
| Q4 24 | $18.2B | $386.2M | ||
| Q3 24 | $3.8B | $458.2M | ||
| Q2 24 | $2.8B | $97.5M | ||
| Q1 24 | $2.4B | $102.5M |
总资产MSTROS
| Q4 25 | $61.6B | $1.0B | ||
| Q3 25 | $73.6B | $949.4M | ||
| Q2 25 | $64.8B | $910.5M | ||
| Q1 25 | $43.9B | $867.3M | ||
| Q4 24 | $25.8B | $823.2M | ||
| Q3 24 | $8.3B | $750.1M | ||
| Q2 24 | $7.1B | $379.7M | ||
| Q1 24 | $6.4B | — |
负债/权益比MSTROS
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.48× | — |
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 | — | $25.8M |
| 自由现金流经营现金流 - 资本支出 | — | $25.6M |
| 自由现金流率自由现金流/营收 | — | 15.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 25.79× |
| 过去12个月自由现金流最近4个季度 | — | $95.6M |
8季度趋势，按日历期对齐
经营现金流MSTROS
| Q4 25 | — | $25.8M | ||
| Q3 25 | $-8.3M | $5.0M | ||
| Q2 25 | $-34.9M | $29.7M | ||
| Q1 25 | $-2.4M | $36.2M | ||
| Q4 24 | $-17.3M | — | ||
| Q3 24 | $-41.0M | $2.4M | ||
| Q2 24 | $-23.3M | $8.1M | ||
| Q1 24 | $28.6M | $25.5M |
自由现金流MSTROS
| Q4 25 | — | $25.6M | ||
| Q3 25 | $-11.1M | $4.8M | ||
| Q2 25 | $-37.0M | $29.4M | ||
| Q1 25 | $-5.1M | $35.8M | ||
| Q4 24 | $-17.6M | — | ||
| Q3 24 | $-41.4M | $1.3M | ||
| Q2 24 | $-24.1M | $7.7M | ||
| Q1 24 | $27.0M | $24.9M |
自由现金流率MSTROS
| Q4 25 | — | 15.7% | ||
| Q3 25 | -8.6% | 3.1% | ||
| Q2 25 | -32.3% | 19.9% | ||
| Q1 25 | -4.6% | 26.3% | ||
| Q4 24 | -14.6% | — | ||
| Q3 24 | -35.7% | 1.0% | ||
| Q2 24 | -21.6% | 6.6% | ||
| Q1 24 | 23.5% | 22.5% |
资本支出强度MSTROS
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.2% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 1.3% | 0.6% |
现金转化率MSTROS
| Q4 25 | — | 25.79× | ||
| Q3 25 | -0.00× | — | ||
| Q2 25 | -0.00× | — | ||
| Q1 25 | — | — | ||
| 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
MSTR
暂无分部数据
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
