vs
PROCORE TECHNOLOGIES, INC.（PCOR）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是Upstart Holdings, Inc.的1.2倍（$349.1M vs $296.1M），Upstart Holdings, Inc.净利率更高（6.3% vs -10.8%，领先17.1%），Upstart Holdings, Inc.同比增速更快（35.2% vs 15.6%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $108.4M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% vs 13.8%）
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
PCOR vs UPST — 直观对比
营收规模更大
PCOR
是对方的1.2倍
$296.1M
营收增速更快
UPST
高出19.6%
15.6%
净利率更高
UPST
高出17.1%
-10.8%
自由现金流更多
PCOR
多$847.0K
$108.4M
两年增速更快
UPST
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $349.1M | $296.1M |
| 净利润 | $-37.6M | $18.6M |
| 毛利率 | 80.1% | — |
| 营业利润率 | -12.3% | 6.4% |
| 净利率 | -10.8% | 6.3% |
| 营收同比 | 15.6% | 35.2% |
| 净利润同比 | 39.6% | 776.4% |
| 每股收益（稀释后） | $-0.25 | $0.20 |
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PCORUPST
| Q4 25 | $349.1M | $296.1M | ||
| Q3 25 | $338.9M | $277.1M | ||
| Q2 25 | $323.9M | $257.3M | ||
| Q1 25 | $310.6M | $213.4M | ||
| Q4 24 | $302.0M | $219.0M | ||
| Q3 24 | $295.9M | $162.1M | ||
| Q2 24 | $284.3M | $127.6M | ||
| Q1 24 | $269.4M | $127.8M |
净利润PCORUPST
| Q4 25 | $-37.6M | $18.6M | ||
| Q3 25 | $-9.1M | $31.8M | ||
| Q2 25 | $-21.1M | $5.6M | ||
| Q1 25 | $-33.0M | $-2.4M | ||
| Q4 24 | $-62.3M | $-2.8M | ||
| Q3 24 | $-26.4M | $-6.8M | ||
| Q2 24 | $-6.3M | $-54.5M | ||
| Q1 24 | $-11.0M | $-64.6M |
毛利率PCORUPST
| Q4 25 | 80.1% | — | ||
| Q3 25 | 79.7% | — | ||
| Q2 25 | 79.1% | — | ||
| Q1 25 | 79.1% | — | ||
| Q4 24 | 81.2% | — | ||
| Q3 24 | 81.4% | — | ||
| Q2 24 | 83.1% | — | ||
| Q1 24 | 83.0% | — |
营业利润率PCORUPST
| Q4 25 | -12.3% | 6.4% | ||
| Q3 25 | -4.4% | 8.5% | ||
| Q2 25 | -9.3% | 1.8% | ||
| Q1 25 | -11.7% | -2.1% | ||
| Q4 24 | -21.9% | -2.2% | ||
| Q3 24 | -12.3% | -27.8% | ||
| Q2 24 | -5.2% | -43.5% | ||
| Q1 24 | -7.0% | -52.8% |
净利率PCORUPST
| Q4 25 | -10.8% | 6.3% | ||
| Q3 25 | -2.7% | 11.5% | ||
| Q2 25 | -6.5% | 2.2% | ||
| Q1 25 | -10.6% | -1.1% | ||
| Q4 24 | -20.6% | -1.3% | ||
| Q3 24 | -8.9% | -4.2% | ||
| Q2 24 | -2.2% | -42.7% | ||
| Q1 24 | -4.1% | -50.5% |
每股收益（稀释后）PCORUPST
| Q4 25 | $-0.25 | $0.20 | ||
| Q3 25 | $-0.06 | $0.23 | ||
| Q2 25 | $-0.14 | $0.05 | ||
| Q1 25 | $-0.22 | $-0.03 | ||
| Q4 24 | $-0.42 | $-0.01 | ||
| Q3 24 | $-0.18 | $-0.07 | ||
| Q2 24 | $-0.04 | $-0.62 | ||
| Q1 24 | $-0.08 | $-0.74 |
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 | $768.5M | $652.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $798.8M |
| 总资产 | $2.2B | $3.0B |
| 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PCORUPST
| Q4 25 | $768.5M | $652.4M | ||
| Q3 25 | $684.0M | $489.8M | ||
| Q2 25 | $620.9M | $395.9M | ||
| Q1 25 | $566.7M | $599.8M | ||
| Q4 24 | $775.4M | $788.4M | ||
| Q3 24 | $756.9M | — | ||
| Q2 24 | $735.4M | — | ||
| Q1 24 | $744.6M | — |
股东权益PCORUPST
| Q4 25 | $1.3B | $798.8M | ||
| Q3 25 | $1.2B | $743.7M | ||
| Q2 25 | $1.2B | $722.0M | ||
| Q1 25 | $1.2B | $676.6M | ||
| Q4 24 | $1.3B | $633.2M | ||
| Q3 24 | $1.3B | $595.5M | ||
| Q2 24 | $1.3B | $594.7M | ||
| Q1 24 | $1.2B | $612.8M |
总资产PCORUPST
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.0B | $2.5B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.0B | $1.8B | ||
| Q1 24 | $1.9B | $1.9B |
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 | $114.9M | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $109.2M | $108.4M |
| 自由现金流率自由现金流/营收 | 31.3% | 36.6% |
| 资本支出强度资本支出/营收 | 1.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.82× |
| 过去12个月自由现金流最近4个季度 | $282.2M | — |
8季度趋势，按日历期对齐
经营现金流PCORUPST
| Q4 25 | $114.9M | $108.6M | ||
| Q3 25 | $88.5M | $-122.6M | ||
| Q2 25 | $30.8M | $-120.2M | ||
| Q1 25 | $66.0M | $-13.5M | ||
| Q4 24 | $29.1M | $-110.9M | ||
| Q3 24 | $39.3M | $179.3M | ||
| Q2 24 | $58.7M | $65.3M | ||
| Q1 24 | $69.1M | $52.6M |
自由现金流PCORUPST
| Q4 25 | $109.2M | $108.4M | ||
| Q3 25 | $83.1M | $-122.7M | ||
| Q2 25 | $27.9M | $-120.3M | ||
| Q1 25 | $62.0M | — | ||
| Q4 24 | $17.4M | — | ||
| Q3 24 | $35.7M | $179.2M | ||
| Q2 24 | $56.8M | $65.3M | ||
| Q1 24 | $67.1M | $51.9M |
自由现金流率PCORUPST
| Q4 25 | 31.3% | 36.6% | ||
| Q3 25 | 24.5% | -44.3% | ||
| Q2 25 | 8.6% | -46.7% | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 12.1% | 110.5% | ||
| Q2 24 | 20.0% | 51.1% | ||
| Q1 24 | 24.9% | 40.6% |
资本支出强度PCORUPST
| Q4 25 | 1.6% | 0.1% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 1.3% | 0.0% | ||
| Q4 24 | 3.9% | 0.0% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 0.8% | 0.5% |
现金转化率PCORUPST
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
