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微策略（MSTR）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是微策略的1.3倍（$154.4M vs $123.0M），微策略同比增速更快（1.9% vs 0.6%），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
MSTR vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.3倍
$123.0M
营收增速更快
MSTR
高出1.3%
0.6%
两年增速更快
WDFC
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $154.4M |
| 净利润 | — | $17.5M |
| 毛利率 | 66.1% | 56.2% |
| 营业利润率 | — | 15.1% |
| 净利率 | — | 11.3% |
| 营收同比 | 1.9% | 0.6% |
| 净利润同比 | — | -7.8% |
| 每股收益（稀释后） | — | $1.28 |
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MSTRWDFC
| Q4 25 | $123.0M | $154.4M | ||
| Q3 25 | $128.7M | $163.5M | ||
| Q2 25 | $114.5M | $156.9M | ||
| Q1 25 | $111.1M | $146.1M | ||
| Q4 24 | $120.7M | $153.5M | ||
| Q3 24 | $116.1M | $156.0M | ||
| Q2 24 | $111.4M | $155.0M | ||
| Q1 24 | $115.2M | $139.1M |
净利润MSTRWDFC
| Q4 25 | — | $17.5M | ||
| Q3 25 | $2.8B | $21.2M | ||
| Q2 25 | $10.0B | $21.0M | ||
| Q1 25 | $-4.2B | $29.9M | ||
| Q4 24 | $-670.8M | $18.9M | ||
| Q3 24 | $-340.2M | $16.8M | ||
| Q2 24 | $-102.6M | $19.8M | ||
| Q1 24 | $-53.1M | $15.5M |
毛利率MSTRWDFC
| Q4 25 | 66.1% | 56.2% | ||
| Q3 25 | 70.5% | 54.7% | ||
| Q2 25 | 68.8% | 56.2% | ||
| Q1 25 | 69.4% | 54.6% | ||
| Q4 24 | 71.7% | 54.8% | ||
| Q3 24 | 70.4% | 54.1% | ||
| Q2 24 | 72.2% | 53.1% | ||
| Q1 24 | 74.0% | 52.4% |
营业利润率MSTRWDFC
| Q4 25 | — | 15.1% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | -5331.4% | 15.9% | ||
| Q4 24 | -842.1% | 16.4% | ||
| Q3 24 | -372.7% | 15.4% | ||
| Q2 24 | -179.7% | 17.5% | ||
| Q1 24 | -176.8% | 15.1% |
净利率MSTRWDFC
| Q4 25 | — | 11.3% | ||
| Q3 25 | 2164.1% | 13.0% | ||
| Q2 25 | 8752.7% | 13.4% | ||
| Q1 25 | -3797.2% | 20.4% | ||
| Q4 24 | -555.8% | 12.3% | ||
| Q3 24 | -293.1% | 10.8% | ||
| Q2 24 | -92.0% | 12.8% | ||
| Q1 24 | -46.1% | 11.2% |
每股收益（稀释后）MSTRWDFC
| Q4 25 | — | $1.28 | ||
| Q3 25 | $8.42 | $1.57 | ||
| Q2 25 | $32.60 | $1.54 | ||
| Q1 25 | $-16.49 | $2.19 | ||
| Q4 24 | $4.49 | $1.39 | ||
| Q3 24 | $-1.72 | $1.23 | ||
| Q2 24 | $-0.57 | $1.46 | ||
| Q1 24 | $-0.31 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | $8.2B | $85.7M |
| 股东权益账面价值 | $44.1B | $264.1M |
| 总资产 | $61.6B | $459.7M |
| 负债/权益比越低杠杆越低 | 0.19× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资MSTRWDFC
| Q4 25 | $2.3B | $48.6M | ||
| Q3 25 | $54.3M | $58.1M | ||
| Q2 25 | $50.1M | $51.7M | ||
| Q1 25 | $60.3M | $53.0M | ||
| Q4 24 | $38.1M | $54.9M | ||
| Q3 24 | $46.3M | $46.7M | ||
| Q2 24 | $66.9M | $45.3M | ||
| Q1 24 | $81.3M | $55.4M |
总债务MSTRWDFC
| Q4 25 | $8.2B | $85.7M | ||
| Q3 25 | $8.2B | $86.2M | ||
| Q2 25 | $8.2B | $85.6M | ||
| Q1 25 | $8.1B | $84.4M | ||
| Q4 24 | $7.2B | $84.6M | ||
| Q3 24 | $4.2B | $86.0M | ||
| Q2 24 | $3.8B | $85.5M | ||
| Q1 24 | $3.6B | $85.9M |
股东权益MSTRWDFC
| Q4 25 | $44.1B | $264.1M | ||
| Q3 25 | $52.3B | $268.2M | ||
| Q2 25 | $47.5B | $257.1M | ||
| Q1 25 | $32.2B | $242.1M | ||
| Q4 24 | $18.2B | $226.3M | ||
| Q3 24 | $3.8B | $230.5M | ||
| Q2 24 | $2.8B | $222.2M | ||
| Q1 24 | $2.4B | $216.3M |
总资产MSTRWDFC
| Q4 25 | $61.6B | $459.7M | ||
| Q3 25 | $73.6B | $475.8M | ||
| Q2 25 | $64.8B | $456.0M | ||
| Q1 25 | $43.9B | $458.3M | ||
| Q4 24 | $25.8B | $447.3M | ||
| Q3 24 | $8.3B | $449.0M | ||
| Q2 24 | $7.1B | $443.6M | ||
| Q1 24 | $6.4B | $442.0M |
负债/权益比MSTRWDFC
| Q4 25 | 0.19× | 0.32× | ||
| Q3 25 | 0.16× | 0.32× | ||
| Q2 25 | 0.17× | 0.33× | ||
| Q1 25 | 0.25× | 0.35× | ||
| Q4 24 | 0.39× | 0.37× | ||
| Q3 24 | 1.12× | 0.37× | ||
| Q2 24 | 1.36× | 0.38× | ||
| Q1 24 | 1.48× | 0.40× |
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 | — | $10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $9.1M |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 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 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | — | $78.2M |
8季度趋势，按日历期对齐
经营现金流MSTRWDFC
| Q4 25 | — | $10.0M | ||
| Q3 25 | $-8.3M | $29.9M | ||
| Q2 25 | $-34.9M | $35.1M | ||
| Q1 25 | $-2.4M | $8.0M | ||
| Q4 24 | $-17.3M | $14.9M | ||
| Q3 24 | $-41.0M | $27.2M | ||
| Q2 24 | $-23.3M | $19.9M | ||
| Q1 24 | $28.6M | $18.0M |
自由现金流MSTRWDFC
| Q4 25 | — | $9.1M | ||
| Q3 25 | $-11.1M | $28.6M | ||
| Q2 25 | $-37.0M | $34.0M | ||
| Q1 25 | $-5.1M | $6.6M | ||
| Q4 24 | $-17.6M | $14.2M | ||
| Q3 24 | $-41.4M | $26.4M | ||
| Q2 24 | $-24.1M | $18.7M | ||
| Q1 24 | $27.0M | $16.7M |
自由现金流率MSTRWDFC
| Q4 25 | — | 5.9% | ||
| Q3 25 | -8.6% | 17.5% | ||
| Q2 25 | -32.3% | 21.6% | ||
| Q1 25 | -4.6% | 4.5% | ||
| Q4 24 | -14.6% | 9.3% | ||
| Q3 24 | -35.7% | 16.9% | ||
| Q2 24 | -21.6% | 12.0% | ||
| Q1 24 | 23.5% | 12.0% |
资本支出强度MSTRWDFC
| Q4 25 | — | 0.6% | ||
| Q3 25 | 2.2% | 0.8% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.6% | 0.8% | ||
| Q1 24 | 1.3% | 0.9% |
现金转化率MSTRWDFC
| Q4 25 | — | 0.57× | ||
| Q3 25 | -0.00× | 1.41× | ||
| Q2 25 | -0.00× | 1.67× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.79× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.16× |
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
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
