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微策略（MSTR）与Perimeter Solutions, Inc.（PRM）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是Perimeter Solutions, Inc.的1.2倍（$123.0M vs $102.8M），Perimeter Solutions, Inc.同比增速更快（19.2% vs 1.9%），过去两年Perimeter Solutions, Inc.的营收复合增速更高（31.9% 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。
Perimeter Solutions是一家以色列云与网络安全企业，专为各类机构打造基于零信任架构的安全远程网络方案，其技术可替代VPN、防火墙等传统安全硬件设备，助力企业简化网络安全部署，提升远程访问的安全性与效率。
MSTR vs PRM — 直观对比
营收规模更大
MSTR
是对方的1.2倍
$102.8M
营收增速更快
PRM
高出17.3%
1.9%
两年增速更快
PRM
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $102.8M |
| 净利润 | — | $-140.2M |
| 毛利率 | 66.1% | 45.2% |
| 营业利润率 | — | -160.7% |
| 净利率 | — | -136.5% |
| 营收同比 | 1.9% | 19.2% |
| 净利润同比 | — | -197.3% |
| 每股收益（稀释后） | — | $-0.89 |
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MSTRPRM
| Q4 25 | $123.0M | $102.8M | ||
| Q3 25 | $128.7M | $315.4M | ||
| Q2 25 | $114.5M | $162.6M | ||
| Q1 25 | $111.1M | $72.0M | ||
| Q4 24 | $120.7M | $86.2M | ||
| Q3 24 | $116.1M | $288.4M | ||
| Q2 24 | $111.4M | $127.3M | ||
| Q1 24 | $115.2M | $59.0M |
净利润MSTRPRM
| Q4 25 | — | $-140.2M | ||
| Q3 25 | $2.8B | $-90.7M | ||
| Q2 25 | $10.0B | $-32.2M | ||
| Q1 25 | $-4.2B | $56.7M | ||
| Q4 24 | $-670.8M | $144.2M | ||
| Q3 24 | $-340.2M | $-89.2M | ||
| Q2 24 | $-102.6M | $21.6M | ||
| Q1 24 | $-53.1M | $-82.6M |
毛利率MSTRPRM
| Q4 25 | 66.1% | 45.2% | ||
| Q3 25 | 70.5% | 63.1% | ||
| Q2 25 | 68.8% | 62.4% | ||
| Q1 25 | 69.4% | 39.1% | ||
| Q4 24 | 71.7% | 48.6% | ||
| Q3 24 | 70.4% | 62.8% | ||
| Q2 24 | 72.2% | 57.6% | ||
| Q1 24 | 74.0% | 35.1% |
营业利润率MSTRPRM
| Q4 25 | — | -160.7% | ||
| Q3 25 | — | -27.7% | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | -5331.4% | — | ||
| Q4 24 | -842.1% | 71.1% | ||
| Q3 24 | -372.7% | -12.2% | ||
| Q2 24 | -179.7% | 35.4% | ||
| Q1 24 | -176.8% | -126.8% |
净利率MSTRPRM
| Q4 25 | — | -136.5% | ||
| Q3 25 | 2164.1% | -28.7% | ||
| Q2 25 | 8752.7% | -19.8% | ||
| Q1 25 | -3797.2% | 78.7% | ||
| Q4 24 | -555.8% | 167.2% | ||
| Q3 24 | -293.1% | -30.9% | ||
| Q2 24 | -92.0% | 17.0% | ||
| Q1 24 | -46.1% | -139.8% |
每股收益（稀释后）MSTRPRM
| Q4 25 | — | $-0.89 | ||
| Q3 25 | $8.42 | $-0.62 | ||
| Q2 25 | $32.60 | $-0.22 | ||
| Q1 25 | $-16.49 | $0.36 | ||
| Q4 24 | $4.49 | $1.00 | ||
| Q3 24 | $-1.72 | $-0.61 | ||
| Q2 24 | $-0.57 | $0.14 | ||
| Q1 24 | $-0.31 | $-0.57 |
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 | $325.9M |
| 总债务越低越好 | $8.2B | $669.1M |
| 股东权益账面价值 | $44.1B | $1.1B |
| 总资产 | $61.6B | $2.7B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资MSTRPRM
| Q4 25 | $2.3B | $325.9M | ||
| Q3 25 | $54.3M | $340.6M | ||
| Q2 25 | $50.1M | $140.7M | ||
| Q1 25 | $60.3M | $200.1M | ||
| Q4 24 | $38.1M | $198.5M | ||
| Q3 24 | $46.3M | $223.1M | ||
| Q2 24 | $66.9M | $43.2M | ||
| Q1 24 | $81.3M | $38.7M |
总债务MSTRPRM
| Q4 25 | $8.2B | $669.1M | ||
| Q3 25 | $8.2B | $668.8M | ||
| Q2 25 | $8.2B | $668.4M | ||
| Q1 25 | $8.1B | $668.1M | ||
| Q4 24 | $7.2B | $667.8M | ||
| Q3 24 | $4.2B | $667.4M | ||
| Q2 24 | $3.8B | $667.1M | ||
| Q1 24 | $3.6B | $666.8M |
股东权益MSTRPRM
| Q4 25 | $44.1B | $1.1B | ||
| Q3 25 | $52.3B | $1.1B | ||
| Q2 25 | $47.5B | $1.2B | ||
| Q1 25 | $32.2B | $1.2B | ||
| Q4 24 | $18.2B | $1.2B | ||
| Q3 24 | $3.8B | $1.0B | ||
| Q2 24 | $2.8B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
总资产MSTRPRM
| Q4 25 | $61.6B | $2.7B | ||
| Q3 25 | $73.6B | $2.6B | ||
| Q2 25 | $64.8B | $2.5B | ||
| Q1 25 | $43.9B | $2.4B | ||
| Q4 24 | $25.8B | $2.4B | ||
| Q3 24 | $8.3B | $2.5B | ||
| Q2 24 | $7.1B | $2.3B | ||
| Q1 24 | $6.4B | $2.3B |
负债/权益比MSTRPRM
| Q4 25 | 0.19× | 0.59× | ||
| Q3 25 | 0.16× | 0.60× | ||
| Q2 25 | 0.17× | 0.57× | ||
| Q1 25 | 0.25× | 0.55× | ||
| Q4 24 | 0.39× | 0.58× | ||
| Q3 24 | 1.12× | 0.67× | ||
| Q2 24 | 1.36× | 0.62× | ||
| Q1 24 | 1.48× | 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 | — | $18.6M |
| 自由现金流经营现金流 - 资本支出 | — | $11.6M |
| 自由现金流率自由现金流/营收 | — | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 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 | — | $208.6M |
8季度趋势，按日历期对齐
经营现金流MSTRPRM
| Q4 25 | — | $18.6M | ||
| Q3 25 | $-8.3M | $198.7M | ||
| Q2 25 | $-34.9M | $-2.9M | ||
| Q1 25 | $-2.4M | $23.7M | ||
| Q4 24 | $-17.3M | $-6.0M | ||
| Q3 24 | $-41.0M | $183.0M | ||
| Q2 24 | $-23.3M | $8.6M | ||
| Q1 24 | $28.6M | $2.8M |
自由现金流MSTRPRM
| Q4 25 | — | $11.6M | ||
| Q3 25 | $-11.1M | $193.6M | ||
| Q2 25 | $-37.0M | $-15.6M | ||
| Q1 25 | $-5.1M | $18.9M | ||
| Q4 24 | $-17.6M | $-12.4M | ||
| Q3 24 | $-41.4M | $179.1M | ||
| Q2 24 | $-24.1M | $5.0M | ||
| Q1 24 | $27.0M | $1.2M |
自由现金流率MSTRPRM
| Q4 25 | — | 11.3% | ||
| Q3 25 | -8.6% | 61.4% | ||
| Q2 25 | -32.3% | -9.6% | ||
| Q1 25 | -4.6% | 26.3% | ||
| Q4 24 | -14.6% | -14.4% | ||
| Q3 24 | -35.7% | 62.1% | ||
| Q2 24 | -21.6% | 3.9% | ||
| Q1 24 | 23.5% | 2.1% |
资本支出强度MSTRPRM
| Q4 25 | — | 6.8% | ||
| Q3 25 | 2.2% | 1.6% | ||
| Q2 25 | 1.8% | 7.8% | ||
| Q1 25 | 2.5% | 6.7% | ||
| Q4 24 | 0.2% | 7.5% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.6% | 2.9% | ||
| Q1 24 | 1.3% | 2.6% |
现金转化率MSTRPRM
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | — | ||
| Q2 25 | -0.00× | — | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | -0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.40× | ||
| 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
PRM
| Products | $87.7M | 85% |
| Service And Other | $14.8M | 14% |
