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微策略（MSTR）与PagerDuty, Inc.（PD）财务数据对比。点击上方公司名可切换其他公司
PagerDuty, Inc.的季度营收约是微策略的1.0倍（$124.5M vs $123.0M），PagerDuty, Inc.同比增速更快（4.7% vs 1.9%），过去两年PagerDuty, Inc.的营收复合增速更高（5.9% 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。
PagerDuty是一家美国云计算企业，主打面向IT运维部门的SaaS事件管理平台，可帮助企业实时响应运维异常、快速定位并处理故障，保障业务系统稳定运行，目前已成为全球IT运维领域广受认可的数字化解决方案服务商。
MSTR vs PD — 直观对比
营收规模更大
PD
是对方的1.0倍
$123.0M
营收增速更快
PD
高出2.8%
1.9%
两年增速更快
PD
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $124.5M |
| 净利润 | — | $161.6M |
| 毛利率 | 66.1% | 85.3% |
| 营业利润率 | — | 6.5% |
| 净利率 | — | 129.7% |
| 营收同比 | 1.9% | 4.7% |
| 净利润同比 | — | 2827.7% |
| 每股收益（稀释后） | — | $1.69 |
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MSTRPD
| Q4 25 | $123.0M | $124.5M | ||
| Q3 25 | $128.7M | $123.4M | ||
| Q2 25 | $114.5M | $119.8M | ||
| Q1 25 | $111.1M | $121.4M | ||
| Q4 24 | $120.7M | $118.9M | ||
| Q3 24 | $116.1M | $115.9M | ||
| Q2 24 | $111.4M | $111.2M | ||
| Q1 24 | $115.2M | $111.1M |
净利润MSTRPD
| Q4 25 | — | $161.6M | ||
| Q3 25 | $2.8B | $9.6M | ||
| Q2 25 | $10.0B | $-7.2M | ||
| Q1 25 | $-4.2B | $-8.8M | ||
| Q4 24 | $-670.8M | $-5.9M | ||
| Q3 24 | $-340.2M | $-10.9M | ||
| Q2 24 | $-102.6M | $-17.1M | ||
| Q1 24 | $-53.1M | $-28.2M |
毛利率MSTRPD
| Q4 25 | 66.1% | 85.3% | ||
| Q3 25 | 70.5% | 84.6% | ||
| Q2 25 | 68.8% | 84.0% | ||
| Q1 25 | 69.4% | 83.6% | ||
| Q4 24 | 71.7% | 83.0% | ||
| Q3 24 | 70.4% | 82.7% | ||
| Q2 24 | 72.2% | 82.6% | ||
| Q1 24 | 74.0% | 81.7% |
营业利润率MSTRPD
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -8.6% | ||
| Q1 25 | -5331.4% | -9.6% | ||
| Q4 24 | -842.1% | -8.7% | ||
| Q3 24 | -372.7% | -13.8% | ||
| Q2 24 | -179.7% | -19.5% | ||
| Q1 24 | -176.8% | -30.1% |
净利率MSTRPD
| Q4 25 | — | 129.7% | ||
| Q3 25 | 2164.1% | 7.8% | ||
| Q2 25 | 8752.7% | -6.0% | ||
| Q1 25 | -3797.2% | -7.2% | ||
| Q4 24 | -555.8% | -5.0% | ||
| Q3 24 | -293.1% | -9.4% | ||
| Q2 24 | -92.0% | -15.4% | ||
| Q1 24 | -46.1% | -25.3% |
每股收益（稀释后）MSTRPD
| Q4 25 | — | $1.69 | ||
| Q3 25 | $8.42 | $0.10 | ||
| Q2 25 | $32.60 | $-0.07 | ||
| Q1 25 | $-16.49 | $-0.12 | ||
| Q4 24 | $4.49 | $-0.07 | ||
| Q3 24 | $-1.72 | $-0.14 | ||
| Q2 24 | $-0.57 | $-0.26 | ||
| Q1 24 | $-0.31 | $-0.34 |
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 | $547.8M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $320.5M |
| 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MSTRPD
| Q4 25 | $2.3B | $547.8M | ||
| Q3 25 | $54.3M | $567.9M | ||
| Q2 25 | $50.1M | $597.1M | ||
| Q1 25 | $60.3M | $570.8M | ||
| Q4 24 | $38.1M | $542.2M | ||
| Q3 24 | $46.3M | $599.3M | ||
| Q2 24 | $66.9M | $592.8M | ||
| Q1 24 | $81.3M | $571.2M |
总债务MSTRPD
| Q4 25 | $8.2B | — | ||
| Q3 25 | $8.2B | — | ||
| Q2 25 | $8.2B | — | ||
| Q1 25 | $8.1B | $484.5M | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.6B | $489.5M |
股东权益MSTRPD
| Q4 25 | $44.1B | $320.5M | ||
| Q3 25 | $52.3B | $180.7M | ||
| Q2 25 | $47.5B | $145.7M | ||
| Q1 25 | $32.2B | $129.8M | ||
| Q4 24 | $18.2B | $111.6M | ||
| Q3 24 | $3.8B | $164.7M | ||
| Q2 24 | $2.8B | $174.0M | ||
| Q1 24 | $2.4B | $171.6M |
总资产MSTRPD
| Q4 25 | $61.6B | $1.0B | ||
| Q3 25 | $73.6B | $891.5M | ||
| Q2 25 | $64.8B | $926.8M | ||
| Q1 25 | $43.9B | $927.3M | ||
| Q4 24 | $25.8B | $866.8M | ||
| Q3 24 | $8.3B | $916.0M | ||
| Q2 24 | $7.1B | $924.0M | ||
| Q1 24 | $6.4B | $925.3M |
负债/权益比MSTRPD
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.25× | 3.73× | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.48× | 2.85× |
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 | — | $24.8M |
| 自由现金流经营现金流 - 资本支出 | — | $24.1M |
| 自由现金流率自由现金流/营收 | — | 19.3% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.15× |
| 过去12个月自由现金流最近4个季度 | — | $117.6M |
8季度趋势，按日历期对齐
经营现金流MSTRPD
| Q4 25 | — | $24.8M | ||
| Q3 25 | $-8.3M | $34.0M | ||
| Q2 25 | $-34.9M | $30.7M | ||
| Q1 25 | $-2.4M | $31.4M | ||
| Q4 24 | $-17.3M | $22.1M | ||
| Q3 24 | $-41.0M | $35.8M | ||
| Q2 24 | $-23.3M | $28.6M | ||
| Q1 24 | $28.6M | $22.2M |
自由现金流MSTRPD
| Q4 25 | — | $24.1M | ||
| Q3 25 | $-11.1M | $33.1M | ||
| Q2 25 | $-37.0M | $30.2M | ||
| Q1 25 | $-5.1M | $30.3M | ||
| Q4 24 | $-17.6M | $21.5M | ||
| Q3 24 | $-41.4M | $35.1M | ||
| Q2 24 | $-24.1M | $28.2M | ||
| Q1 24 | $27.0M | $21.2M |
自由现金流率MSTRPD
| Q4 25 | — | 19.3% | ||
| Q3 25 | -8.6% | 26.8% | ||
| Q2 25 | -32.3% | 25.2% | ||
| Q1 25 | -4.6% | 24.9% | ||
| Q4 24 | -14.6% | 18.1% | ||
| Q3 24 | -35.7% | 30.3% | ||
| Q2 24 | -21.6% | 25.4% | ||
| Q1 24 | 23.5% | 19.1% |
资本支出强度MSTRPD
| Q4 25 | — | 0.6% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 1.3% | 0.9% |
现金转化率MSTRPD
| Q4 25 | — | 0.15× | ||
| Q3 25 | -0.00× | 3.55× | ||
| 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
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
