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Nebius Group N.V.（NBIS）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
Trade Desk (The)的季度营收约是Nebius Group N.V.的26.4倍（$846.8M vs $32.1M）。Trade Desk (The)自由现金流更多（$285.3M vs $-586.8M）
Nebius Group N.V.是总部位于阿姆斯特丹的科技企业，核心业务为提供人工智能基础设施相关服务。集团旗下拥有Avride、TripleTen两大品牌，同时持有Toloka和Clickhouse的股份，在以色列、美国均设有办公地点。
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。
NBIS vs TTD — 直观对比
营收规模更大
TTD
是对方的26.4倍
$32.1M
自由现金流更多
TTD
多$872.1M
$-586.8M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $32.1M | $846.8M |
| 净利润 | — | $186.9M |
| 毛利率 | — | 80.7% |
| 营业利润率 | -251.1% | 30.3% |
| 净利率 | — | 22.1% |
| 营收同比 | — | 14.3% |
| 净利润同比 | — | 2.6% |
| 每股收益（稀释后） | — | $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NBISTTD
| Q4 25 | — | $846.8M | ||
| Q3 25 | $32.1M | $739.4M | ||
| Q2 25 | $24.2M | $694.0M | ||
| Q1 25 | — | $616.0M | ||
| Q4 24 | — | $741.0M | ||
| Q3 24 | $79.6M | $628.0M | ||
| Q2 24 | $36.3M | $584.5M | ||
| Q1 24 | — | $491.3M |
净利润NBISTTD
| Q4 25 | — | $186.9M | ||
| Q3 25 | — | $115.5M | ||
| Q2 25 | $-185.4M | $90.1M | ||
| Q1 25 | — | $50.7M | ||
| Q4 24 | — | $182.2M | ||
| Q3 24 | $-258.2M | $94.2M | ||
| Q2 24 | $-118.3M | $85.0M | ||
| Q1 24 | — | $31.7M |
毛利率NBISTTD
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
营业利润率NBISTTD
| Q4 25 | — | 30.3% | ||
| Q3 25 | -251.1% | 21.8% | ||
| Q2 25 | -754.1% | 16.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | -366.1% | 17.3% | ||
| Q2 24 | -563.1% | 16.2% | ||
| Q1 24 | — | 5.8% |
净利率NBISTTD
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | -766.1% | 13.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | -324.4% | 15.0% | ||
| Q2 24 | -325.9% | 14.5% | ||
| Q1 24 | — | 6.4% |
每股收益（稀释后）NBISTTD
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $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 | $4.8B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $2.5B |
| 总资产 | $10.1B | $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NBISTTD
| Q4 25 | — | $1.3B | ||
| Q3 25 | $4.8B | $1.4B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | — | $1.4B |
股东权益NBISTTD
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.8B | $2.6B | ||
| Q2 25 | $3.8B | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $4.3B | $2.4B | ||
| Q1 24 | — | $2.2B |
总资产NBISTTD
| Q4 25 | — | $6.2B | ||
| Q3 25 | $10.1B | $5.9B | ||
| Q2 25 | $5.1B | $6.0B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | $3.0B | $5.5B | ||
| Q2 24 | $4.4B | $5.2B | ||
| Q1 24 | — | $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 | $-196.8M | $311.6M |
| 自由现金流经营现金流 - 资本支出 | $-586.8M | $285.3M |
| 自由现金流率自由现金流/营收 | -1828.0% | 33.7% |
| 资本支出强度资本支出/营收 | 1215.0% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 1.67× |
| 过去12个月自由现金流最近4个季度 | — | $795.7M |
8季度趋势，按日历期对齐
经营现金流NBISTTD
| Q4 25 | — | $311.6M | ||
| Q3 25 | $-196.8M | $224.7M | ||
| Q2 25 | $-162.0M | $165.0M | ||
| Q1 25 | — | $291.4M | ||
| Q4 24 | — | $199.4M | ||
| Q3 24 | — | $273.3M | ||
| Q2 24 | — | $81.3M | ||
| Q1 24 | — | $185.5M |
自由现金流NBISTTD
| Q4 25 | — | $285.3M | ||
| Q3 25 | $-586.8M | $158.3M | ||
| Q2 25 | $-379.9M | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $178.2M |
自由现金流率NBISTTD
| Q4 25 | — | 33.7% | ||
| Q3 25 | -1828.0% | 21.4% | ||
| Q2 25 | -1569.8% | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
资本支出强度NBISTTD
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1215.0% | 9.0% | ||
| Q2 25 | 900.4% | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
现金转化率NBISTTD
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 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
NBIS
| Nebius | $27.1M | 84% |
| TripleTen | $6.3M | 20% |
| Avride | $100.0K | 0% |
TTD
暂无分部数据
