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OneWater Marine Inc.（ONEW）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是OneWater Marine Inc.的1.1倍（$430.0M vs $380.6M），PEGASYSTEMS INC净利率更高（7.6% vs -2.0%，领先9.6%），OneWater Marine Inc.同比增速更快（1.3% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $-78.2M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs -11.7%）
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
ONEW vs PEGA — 直观对比
营收规模更大
PEGA
是对方的1.1倍
$380.6M
营收增速更快
ONEW
高出10.9%
-9.6%
净利率更高
PEGA
高出9.6%
-2.0%
自由现金流更多
PEGA
多$284.8M
$-78.2M
两年增速更快
PEGA
近两年复合增速
-11.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $380.6M | $430.0M |
| 净利润 | $-7.7M | $32.8M |
| 毛利率 | 23.5% | 75.2% |
| 营业利润率 | -1.4% | 8.6% |
| 净利率 | -2.0% | 7.6% |
| 营收同比 | 1.3% | -9.6% |
| 净利润同比 | 35.6% | -61.6% |
| 每股收益（稀释后） | — | $0.18 |
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ONEWPEGA
| Q1 26 | — | $430.0M | ||
| Q4 25 | $380.6M | $504.3M | ||
| Q3 25 | $460.1M | $381.4M | ||
| Q2 25 | $552.9M | $384.5M | ||
| Q1 25 | $483.5M | $475.6M | ||
| Q4 24 | $375.8M | $490.8M | ||
| Q3 24 | $377.9M | $325.1M | ||
| Q2 24 | $542.4M | $351.2M |
净利润ONEWPEGA
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-7.7M | $234.6M | ||
| Q3 25 | $-113.0M | $43.4M | ||
| Q2 25 | $10.7M | $30.1M | ||
| Q1 25 | $-368.0K | $85.4M | ||
| Q4 24 | $-12.0M | $119.1M | ||
| Q3 24 | $-9.2M | $-14.4M | ||
| Q2 24 | $14.7M | $6.6M |
毛利率ONEWPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | 23.5% | 79.5% | ||
| Q3 25 | 22.6% | 72.2% | ||
| Q2 25 | 23.3% | 71.5% | ||
| Q1 25 | 22.8% | 78.5% | ||
| Q4 24 | 22.4% | 79.1% | ||
| Q3 24 | 24.0% | 70.2% | ||
| Q2 24 | 24.4% | 72.4% |
营业利润率ONEWPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | -1.4% | 20.7% | ||
| Q3 25 | -28.3% | 3.8% | ||
| Q2 25 | 5.5% | 4.5% | ||
| Q1 25 | 3.4% | 26.7% | ||
| Q4 24 | -0.5% | 29.1% | ||
| Q3 24 | 1.2% | -3.6% | ||
| Q2 24 | 7.4% | 3.7% |
净利率ONEWPEGA
| Q1 26 | — | 7.6% | ||
| Q4 25 | -2.0% | 46.5% | ||
| Q3 25 | -24.5% | 11.4% | ||
| Q2 25 | 1.9% | 7.8% | ||
| Q1 25 | -0.1% | 18.0% | ||
| Q4 24 | -3.2% | 24.3% | ||
| Q3 24 | -2.4% | -4.4% | ||
| Q2 24 | 2.7% | 1.9% |
每股收益（稀释后）ONEWPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.35 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $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 | — | $270.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $277.5M | $705.9M |
| 总资产 | $1.4B | $1.6B |
| 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ONEWPEGA
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
股东权益ONEWPEGA
| Q1 26 | — | $705.9M | ||
| Q4 25 | $277.5M | $787.4M | ||
| Q3 25 | $285.0M | $596.8M | ||
| Q2 25 | $393.2M | $624.5M | ||
| Q1 25 | $381.6M | $611.3M | ||
| Q4 24 | $354.8M | $585.5M | ||
| Q3 24 | $360.8M | $473.0M | ||
| Q2 24 | $368.6M | $435.4M |
总资产ONEWPEGA
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B |
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 | $-76.3M | — |
| 自由现金流经营现金流 - 资本支出 | $-78.2M | $206.5M |
| 自由现金流率自由现金流/营收 | -20.6% | 48.0% |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 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 | $41.6M | $494.9M |
8季度趋势，按日历期对齐
经营现金流ONEWPEGA
| Q1 26 | — | — | ||
| Q4 25 | $-76.3M | $158.4M | ||
| Q3 25 | $9.9M | $56.3M | ||
| Q2 25 | $90.8M | $86.3M | ||
| Q1 25 | $28.5M | $204.2M | ||
| Q4 24 | $-37.4M | $95.2M | ||
| Q3 24 | $27.3M | $30.5M | ||
| Q2 24 | $93.8M | $40.1M |
自由现金流ONEWPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-78.2M | $152.4M | ||
| Q3 25 | $7.2M | $51.8M | ||
| Q2 25 | $88.9M | $84.1M | ||
| Q1 25 | $23.7M | $202.3M | ||
| Q4 24 | $-40.0M | $92.4M | ||
| Q3 24 | $23.2M | $27.4M | ||
| Q2 24 | $86.9M | $38.8M |
自由现金流率ONEWPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | -20.6% | 30.2% | ||
| Q3 25 | 1.6% | 13.6% | ||
| Q2 25 | 16.1% | 21.9% | ||
| Q1 25 | 4.9% | 42.5% | ||
| Q4 24 | -10.7% | 18.8% | ||
| Q3 24 | 6.1% | 8.4% | ||
| Q2 24 | 16.0% | 11.1% |
资本支出强度ONEWPEGA
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.2% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 0.7% | 0.6% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 1.3% | 0.4% |
现金转化率ONEWPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 8.47× | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.39× | 6.06× |
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
ONEW
| New Sales | $233.3M | 61% |
| Pre Owned | $70.4M | 19% |
| Service Parts Other | $68.0M | 18% |
| Finance And Insurance Income | $8.9M | 2% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
