vs
Match Group（MTCH）与Trade Desk (The)（TTD）财务数据对比。点击上方公司名可切换其他公司
Match Group的季度营收约是Trade Desk (The)的1.0倍（$878.0M vs $846.8M）。Match Group净利率更高（23.9% vs 22.1%，领先1.8%）。Trade Desk (The)同比增速更快（14.3% vs 2.1%）。Match Group自由现金流更多（$308.1M vs $285.3M）。过去两年Trade Desk (The)的营收复合增速更高（31.3% vs 1.1%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
MTCH vs TTD — 直观对比
营收规模更大
MTCH
是对方的1.0倍
$846.8M
营收增速更快
TTD
高出12.2%
2.1%
净利率更高
MTCH
高出1.8%
22.1%
自由现金流更多
MTCH
多$22.8M
$285.3M
两年增速更快
TTD
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $846.8M |
| 净利润 | $209.7M | $186.9M |
| 毛利率 | 74.7% | 80.7% |
| 营业利润率 | 32.4% | 30.3% |
| 净利率 | 23.9% | 22.1% |
| 营收同比 | 2.1% | 14.3% |
| 净利润同比 | 32.5% | 2.6% |
| 每股收益（稀释后） | $0.83 | $0.39 |
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MTCHTTD
| Q4 25 | $878.0M | $846.8M | ||
| Q3 25 | $914.3M | $739.4M | ||
| Q2 25 | $863.7M | $694.0M | ||
| Q1 25 | $831.2M | $616.0M | ||
| Q4 24 | $860.2M | $741.0M | ||
| Q3 24 | $895.5M | $628.0M | ||
| Q2 24 | $864.1M | $584.5M | ||
| Q1 24 | $859.6M | $491.3M |
净利润MTCHTTD
| Q4 25 | $209.7M | $186.9M | ||
| Q3 25 | $160.8M | $115.5M | ||
| Q2 25 | $125.5M | $90.1M | ||
| Q1 25 | $117.6M | $50.7M | ||
| Q4 24 | $158.3M | $182.2M | ||
| Q3 24 | $136.5M | $94.2M | ||
| Q2 24 | $133.3M | $85.0M | ||
| Q1 24 | $123.2M | $31.7M |
毛利率MTCHTTD
| Q4 25 | 74.7% | 80.7% | ||
| Q3 25 | 73.0% | 78.1% | ||
| Q2 25 | 72.0% | 78.2% | ||
| Q1 25 | 71.5% | 76.8% | ||
| Q4 24 | 72.5% | 81.7% | ||
| Q3 24 | 71.7% | 80.5% | ||
| Q2 24 | 71.6% | 81.1% | ||
| Q1 24 | 70.1% | 78.9% |
营业利润率MTCHTTD
| Q4 25 | 32.4% | 30.3% | ||
| Q3 25 | 24.2% | 21.8% | ||
| Q2 25 | 22.5% | 16.8% | ||
| Q1 25 | 20.8% | 8.8% | ||
| Q4 24 | 26.0% | 26.4% | ||
| Q3 24 | 23.5% | 17.3% | ||
| Q2 24 | 23.7% | 16.2% | ||
| Q1 24 | 21.5% | 5.8% |
净利率MTCHTTD
| Q4 25 | 23.9% | 22.1% | ||
| Q3 25 | 17.6% | 15.6% | ||
| Q2 25 | 14.5% | 13.0% | ||
| Q1 25 | 14.1% | 8.2% | ||
| Q4 24 | 18.4% | 24.6% | ||
| Q3 24 | 15.2% | 15.0% | ||
| Q2 24 | 15.4% | 14.5% | ||
| Q1 24 | 14.3% | 6.4% |
每股收益（稀释后）MTCHTTD
| Q4 25 | $0.83 | $0.39 | ||
| Q3 25 | $0.62 | $0.23 | ||
| Q2 25 | $0.49 | $0.18 | ||
| Q1 25 | $0.44 | $0.10 | ||
| Q4 24 | $0.59 | $0.36 | ||
| Q3 24 | $0.51 | $0.19 | ||
| Q2 24 | $0.48 | $0.17 | ||
| Q1 24 | $0.44 | $0.06 |
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 | $1.0B | $1.3B |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $-253.5M | $2.5B |
| 总资产 | $4.5B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MTCHTTD
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $340.4M | $1.7B | ||
| Q1 25 | $414.2M | $1.7B | ||
| Q4 24 | $970.7M | $1.9B | ||
| Q3 24 | $860.9M | $1.7B | ||
| Q2 24 | $843.6M | $1.5B | ||
| Q1 24 | $920.9M | $1.4B |
总债务MTCHTTD
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
股东权益MTCHTTD
| Q4 25 | $-253.5M | $2.5B | ||
| Q3 25 | $-223.9M | $2.6B | ||
| Q2 25 | $-230.9M | $2.7B | ||
| Q1 25 | $-182.7M | $2.7B | ||
| Q4 24 | $-63.7M | $2.9B | ||
| Q3 24 | $-88.5M | $2.6B | ||
| Q2 24 | $-130.2M | $2.4B | ||
| Q1 24 | $-107.8M | $2.2B |
总资产MTCHTTD
| Q4 25 | $4.5B | $6.2B | ||
| Q3 25 | $4.5B | $5.9B | ||
| Q2 25 | $3.9B | $6.0B | ||
| Q1 25 | $3.9B | $5.7B | ||
| Q4 24 | $4.5B | $6.1B | ||
| Q3 24 | $4.4B | $5.5B | ||
| Q2 24 | $4.4B | $5.2B | ||
| Q1 24 | $4.4B | $4.7B |
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 | $322.8M | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $285.3M |
| 自由现金流率自由现金流/营收 | 35.1% | 33.7% |
| 资本支出强度资本支出/营收 | 1.7% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.67× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $795.7M |
8季度趋势，按日历期对齐
经营现金流MTCHTTD
| Q4 25 | $322.8M | $311.6M | ||
| Q3 25 | $320.6M | $224.7M | ||
| Q2 25 | $243.8M | $165.0M | ||
| Q1 25 | $193.1M | $291.4M | ||
| Q4 24 | $254.7M | $199.4M | ||
| Q3 24 | $264.9M | $273.3M | ||
| Q2 24 | $129.0M | $81.3M | ||
| Q1 24 | $284.1M | $185.5M |
自由现金流MTCHTTD
| Q4 25 | $308.1M | $285.3M | ||
| Q3 25 | $306.8M | $158.3M | ||
| Q2 25 | $231.0M | $119.8M | ||
| Q1 25 | $177.7M | $232.3M | ||
| Q4 24 | $247.1M | $179.2M | ||
| Q3 24 | $251.8M | $224.6M | ||
| Q2 24 | $116.3M | $59.1M | ||
| Q1 24 | $266.9M | $178.2M |
自由现金流率MTCHTTD
| Q4 25 | 35.1% | 33.7% | ||
| Q3 25 | 33.6% | 21.4% | ||
| Q2 25 | 26.7% | 17.3% | ||
| Q1 25 | 21.4% | 37.7% | ||
| Q4 24 | 28.7% | 24.2% | ||
| Q3 24 | 28.1% | 35.8% | ||
| Q2 24 | 13.5% | 10.1% | ||
| Q1 24 | 31.0% | 36.3% |
资本支出强度MTCHTTD
| Q4 25 | 1.7% | 3.1% | ||
| Q3 25 | 1.5% | 9.0% | ||
| Q2 25 | 1.5% | 6.5% | ||
| Q1 25 | 1.9% | 9.6% | ||
| Q4 24 | 0.9% | 2.7% | ||
| Q3 24 | 1.5% | 7.8% | ||
| Q2 24 | 1.5% | 3.8% | ||
| Q1 24 | 2.0% | 1.5% |
现金转化率MTCHTTD
| Q4 25 | 1.54× | 1.67× | ||
| Q3 25 | 1.99× | 1.94× | ||
| Q2 25 | 1.94× | 1.83× | ||
| Q1 25 | 1.64× | 5.75× | ||
| Q4 24 | 1.61× | 1.09× | ||
| Q3 24 | 1.94× | 2.90× | ||
| Q2 24 | 0.97× | 0.96× | ||
| Q1 24 | 2.31× | 5.86× |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
TTD
暂无分部数据
