vs
微策略（MSTR）与ZIPRECRUITER, INC.（ZIP）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ZIPRECRUITER, INC.的1.1倍（$123.0M vs $111.7M），微策略同比增速更快（1.9% vs 0.6%），过去两年微策略的营收复合增速更高（3.3% vs -4.4%）
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。
ZipRecruiter, Inc.是一家美国线上招聘平台企业，主打面向求职者与招聘方的求职招聘匹配服务，为双方提供高效对接的人才服务市场，帮助求职者快速找到适配岗位，也助力企业高效完成招聘需求。
MSTR vs ZIP — 直观对比
营收规模更大
MSTR
是对方的1.1倍
$111.7M
营收增速更快
MSTR
高出1.3%
0.6%
两年增速更快
MSTR
近两年复合增速
-4.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $111.7M |
| 净利润 | — | $-835.0K |
| 毛利率 | 66.1% | 89.1% |
| 营业利润率 | — | 3.6% |
| 净利率 | — | -0.7% |
| 营收同比 | 1.9% | 0.6% |
| 净利润同比 | — | 92.3% |
| 每股收益（稀释后） | — | $-0.03 |
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MSTRZIP
| Q4 25 | $123.0M | $111.7M | ||
| Q3 25 | $128.7M | $115.0M | ||
| Q2 25 | $114.5M | $112.2M | ||
| Q1 25 | $111.1M | $110.1M | ||
| Q4 24 | $120.7M | $111.0M | ||
| Q3 24 | $116.1M | $117.1M | ||
| Q2 24 | $111.4M | $123.7M | ||
| Q1 24 | $115.2M | $122.2M |
净利润MSTRZIP
| Q4 25 | — | $-835.0K | ||
| Q3 25 | $2.8B | $-9.8M | ||
| Q2 25 | $10.0B | $-9.5M | ||
| Q1 25 | $-4.2B | $-12.8M | ||
| Q4 24 | $-670.8M | $-10.8M | ||
| Q3 24 | $-340.2M | $-2.6M | ||
| Q2 24 | $-102.6M | $7.0M | ||
| Q1 24 | $-53.1M | $-6.5M |
毛利率MSTRZIP
| Q4 25 | 66.1% | 89.1% | ||
| Q3 25 | 70.5% | 89.1% | ||
| Q2 25 | 68.8% | 89.3% | ||
| Q1 25 | 69.4% | 89.4% | ||
| Q4 24 | 71.7% | 89.6% | ||
| Q3 24 | 70.4% | 89.4% | ||
| Q2 24 | 72.2% | 89.5% | ||
| Q1 24 | 74.0% | 89.1% |
营业利润率MSTRZIP
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | -5331.4% | -10.6% | ||
| Q4 24 | -842.1% | -3.6% | ||
| Q3 24 | -372.7% | -2.8% | ||
| Q2 24 | -179.7% | 7.6% | ||
| Q1 24 | -176.8% | -0.7% |
净利率MSTRZIP
| Q4 25 | — | -0.7% | ||
| Q3 25 | 2164.1% | -8.5% | ||
| Q2 25 | 8752.7% | -8.5% | ||
| Q1 25 | -3797.2% | -11.7% | ||
| Q4 24 | -555.8% | -9.7% | ||
| Q3 24 | -293.1% | -2.2% | ||
| Q2 24 | -92.0% | 5.7% | ||
| Q1 24 | -46.1% | -5.3% |
每股收益（稀释后）MSTRZIP
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $8.42 | $-0.11 | ||
| Q2 25 | $32.60 | $-0.10 | ||
| Q1 25 | $-16.49 | $-0.13 | ||
| Q4 24 | $4.49 | $-0.10 | ||
| Q3 24 | $-1.72 | $-0.03 | ||
| Q2 24 | $-0.57 | $0.07 | ||
| Q1 24 | $-0.31 | $-0.07 |
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 | $188.0M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $-77.2M |
| 总资产 | $61.6B | $569.7M |
| 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MSTRZIP
| Q4 25 | $2.3B | $188.0M | ||
| Q3 25 | $54.3M | $211.8M | ||
| Q2 25 | $50.1M | $203.5M | ||
| Q1 25 | $60.3M | $221.1M | ||
| Q4 24 | $38.1M | $218.4M | ||
| Q3 24 | $46.3M | $225.6M | ||
| Q2 24 | $66.9M | $271.7M | ||
| Q1 24 | $81.3M | $282.5M |
总债务MSTRZIP
| 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MSTRZIP
| Q4 25 | $44.1B | $-77.2M | ||
| Q3 25 | $52.3B | $-76.1M | ||
| Q2 25 | $47.5B | $-65.9M | ||
| Q1 25 | $32.2B | $-11.3M | ||
| Q4 24 | $18.2B | $13.4M | ||
| Q3 24 | $3.8B | $13.6M | ||
| Q2 24 | $2.8B | $24.4M | ||
| Q1 24 | $2.4B | $12.7M |
总资产MSTRZIP
| Q4 25 | $61.6B | $569.7M | ||
| Q3 25 | $73.6B | $573.6M | ||
| Q2 25 | $64.8B | $592.4M | ||
| Q1 25 | $43.9B | $629.4M | ||
| Q4 24 | $25.8B | $664.1M | ||
| Q3 24 | $8.3B | $652.0M | ||
| Q2 24 | $7.1B | $665.3M | ||
| Q1 24 | $6.4B | $662.4M |
负债/权益比MSTRZIP
| 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 | — | $7.7M |
| 自由现金流经营现金流 - 资本支出 | — | $7.6M |
| 自由现金流率自由现金流/营收 | — | 6.8% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $9.9M |
8季度趋势，按日历期对齐
经营现金流MSTRZIP
| Q4 25 | — | $7.7M | ||
| Q3 25 | $-8.3M | $2.6M | ||
| Q2 25 | $-34.9M | $10.5M | ||
| Q1 25 | $-2.4M | $-9.9M | ||
| Q4 24 | $-17.3M | $12.5M | ||
| Q3 24 | $-41.0M | $9.3M | ||
| Q2 24 | $-23.3M | $21.9M | ||
| Q1 24 | $28.6M | $2.0M |
自由现金流MSTRZIP
| Q4 25 | — | $7.6M | ||
| Q3 25 | $-11.1M | $2.2M | ||
| Q2 25 | $-37.0M | $10.2M | ||
| Q1 25 | $-5.1M | $-10.2M | ||
| Q4 24 | $-17.6M | $12.0M | ||
| Q3 24 | $-41.4M | $9.2M | ||
| Q2 24 | $-24.1M | $21.7M | ||
| Q1 24 | $27.0M | $1.9M |
自由现金流率MSTRZIP
| Q4 25 | — | 6.8% | ||
| Q3 25 | -8.6% | 1.9% | ||
| Q2 25 | -32.3% | 9.1% | ||
| Q1 25 | -4.6% | -9.3% | ||
| Q4 24 | -14.6% | 10.8% | ||
| Q3 24 | -35.7% | 7.8% | ||
| Q2 24 | -21.6% | 17.6% | ||
| Q1 24 | 23.5% | 1.6% |
资本支出强度MSTRZIP
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.2% | 0.3% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 2.5% | 0.3% | ||
| Q4 24 | 0.2% | 0.4% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 1.3% | 0.1% |
现金转化率MSTRZIP
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | — | ||
| Q2 25 | -0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× | ||
| 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
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
