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nCino, Inc.（NCNO）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是nCino, Inc.的4.5倍（$685.8M vs $152.2M），PTC Inc.净利率更高（24.3% vs 4.3%，领先20.0%），PTC Inc.同比增速更快（21.4% vs 9.6%），PTC Inc.自由现金流更多（$267.4M vs $4.9M），过去两年nCino, Inc.的营收复合增速更高（10.9% vs 6.6%）
nCino, Inc.是一家总部位于美国北卡罗来纳州威尔明顿的全球金融科技企业，专注于提供云原生银行软件与核心银行平台，服务覆盖银行、信用合作社及各类大型金融机构，助力金融机构实现数字化运营升级。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
NCNO vs PTC — 直观对比
营收规模更大
PTC
是对方的4.5倍
$152.2M
营收增速更快
PTC
高出11.7%
9.6%
净利率更高
PTC
高出20.0%
4.3%
自由现金流更多
PTC
多$262.5M
$4.9M
两年增速更快
NCNO
近两年复合增速
6.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $152.2M | $685.8M |
| 净利润 | $6.5M | $166.5M |
| 毛利率 | 61.6% | 82.8% |
| 营业利润率 | 7.7% | 32.2% |
| 净利率 | 4.3% | 24.3% |
| 营收同比 | 9.6% | 21.4% |
| 净利润同比 | 224.5% | 102.5% |
| 每股收益（稀释后） | $0.06 | $1.39 |
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NCNOPTC
| Q4 25 | $152.2M | $685.8M | ||
| Q3 25 | $148.8M | $893.8M | ||
| Q2 25 | $144.1M | $643.9M | ||
| Q1 25 | $141.4M | $636.4M | ||
| Q4 24 | $138.8M | $565.1M | ||
| Q3 24 | $132.4M | $626.5M | ||
| Q2 24 | $128.1M | $518.6M | ||
| Q1 24 | $123.7M | $603.1M |
净利润NCNOPTC
| Q4 25 | $6.5M | $166.5M | ||
| Q3 25 | $-15.3M | $347.8M | ||
| Q2 25 | $5.6M | $141.3M | ||
| Q1 25 | $-18.6M | $162.6M | ||
| Q4 24 | $-5.3M | $82.2M | ||
| Q3 24 | $-11.0M | $126.5M | ||
| Q2 24 | $-3.0M | $69.0M | ||
| Q1 24 | $1.2M | $114.4M |
毛利率NCNOPTC
| Q4 25 | 61.6% | 82.8% | ||
| Q3 25 | 59.2% | 86.9% | ||
| Q2 25 | 60.0% | 82.9% | ||
| Q1 25 | 59.7% | 83.3% | ||
| Q4 24 | 61.3% | 80.2% | ||
| Q3 24 | 59.3% | 82.0% | ||
| Q2 24 | 60.0% | 78.4% | ||
| Q1 24 | 60.2% | 81.8% |
营业利润率NCNOPTC
| Q4 25 | 7.7% | 32.2% | ||
| Q3 25 | -6.2% | 48.5% | ||
| Q2 25 | -1.0% | 32.6% | ||
| Q1 25 | -4.1% | 35.1% | ||
| Q4 24 | -0.6% | 20.4% | ||
| Q3 24 | -6.0% | 31.0% | ||
| Q2 24 | -2.9% | 18.5% | ||
| Q1 24 | -2.6% | 29.8% |
净利率NCNOPTC
| Q4 25 | 4.3% | 24.3% | ||
| Q3 25 | -10.3% | 38.9% | ||
| Q2 25 | 3.9% | 21.9% | ||
| Q1 25 | -13.2% | 25.6% | ||
| Q4 24 | -3.8% | 14.6% | ||
| Q3 24 | -8.3% | 20.2% | ||
| Q2 24 | -2.3% | 13.3% | ||
| Q1 24 | 0.9% | 19.0% |
每股收益（稀释后）NCNOPTC
| Q4 25 | $0.06 | $1.39 | ||
| Q3 25 | $-0.13 | $2.88 | ||
| Q2 25 | $0.05 | $1.17 | ||
| Q1 25 | $-0.15 | $1.35 | ||
| Q4 24 | $-0.05 | $0.68 | ||
| Q3 24 | $-0.10 | $1.05 | ||
| Q2 24 | $-0.03 | $0.57 | ||
| Q1 24 | $0.01 | $0.95 |
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 | $87.6M | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $1.0B | $3.8B |
| 总资产 | $1.6B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资NCNOPTC
| Q4 25 | $87.6M | $209.7M | ||
| Q3 25 | $122.9M | $184.4M | ||
| Q2 25 | $133.2M | $199.3M | ||
| Q1 25 | $120.9M | $235.2M | ||
| Q4 24 | $257.9M | $196.3M | ||
| Q3 24 | $121.4M | $265.8M | ||
| Q2 24 | $129.5M | $247.7M | ||
| Q1 24 | $112.1M | $249.0M |
总债务NCNOPTC
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.5B |
股东权益NCNOPTC
| Q4 25 | $1.0B | $3.8B | ||
| Q3 25 | $1.1B | $3.8B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $1.1B | $3.2B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.0B | $2.9B |
总资产NCNOPTC
| Q4 25 | $1.6B | $6.4B | ||
| Q3 25 | $1.6B | $6.6B | ||
| Q2 25 | $1.7B | $6.2B | ||
| Q1 25 | $1.6B | $6.2B | ||
| Q4 24 | $1.5B | $6.1B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | $1.4B | $6.1B | ||
| Q1 24 | $1.3B | $6.2B |
负债/权益比NCNOPTC
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.51× |
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 | $5.1M | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $4.9M | $267.4M |
| 自由现金流率自由现金流/营收 | 3.2% | 39.0% |
| 资本支出强度资本支出/营收 | 0.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.78× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $59.7M | $888.4M |
8季度趋势，按日历期对齐
经营现金流NCNOPTC
| Q4 25 | $5.1M | $269.7M | ||
| Q3 25 | $17.7M | $104.0M | ||
| Q2 25 | $54.3M | $243.9M | ||
| Q1 25 | $-10.0M | $281.3M | ||
| Q4 24 | $5.8M | $238.4M | ||
| Q3 24 | $5.0M | $98.1M | ||
| Q2 24 | $54.4M | $213.8M | ||
| Q1 24 | $8.1M | $250.7M |
自由现金流NCNOPTC
| Q4 25 | $4.9M | $267.4M | ||
| Q3 25 | $12.6M | $100.5M | ||
| Q2 25 | $52.6M | $242.0M | ||
| Q1 25 | $-10.4M | $278.5M | ||
| Q4 24 | $5.1M | $235.7M | ||
| Q3 24 | $4.6M | $93.6M | ||
| Q2 24 | $54.1M | $212.2M | ||
| Q1 24 | $7.7M | $247.1M |
自由现金流率NCNOPTC
| Q4 25 | 3.2% | 39.0% | ||
| Q3 25 | 8.5% | 11.2% | ||
| Q2 25 | 36.5% | 37.6% | ||
| Q1 25 | -7.3% | 43.8% | ||
| Q4 24 | 3.7% | 41.7% | ||
| Q3 24 | 3.4% | 14.9% | ||
| Q2 24 | 42.2% | 40.9% | ||
| Q1 24 | 6.2% | 41.0% |
资本支出强度NCNOPTC
| Q4 25 | 0.1% | 0.3% | ||
| Q3 25 | 3.5% | 0.4% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.3% | 0.7% | ||
| Q2 24 | 0.3% | 0.3% | ||
| Q1 24 | 0.3% | 0.6% |
现金转化率NCNOPTC
| Q4 25 | 0.78× | 1.62× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | 9.77× | 1.73× | ||
| Q1 25 | — | 1.73× | ||
| Q4 24 | — | 2.90× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 3.10× | ||
| Q1 24 | 7.02× | 2.19× |
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
NCNO
| License And Service | $133.4M | 88% |
| Professional Services | $18.8M | 12% |
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
