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PROCORE TECHNOLOGIES, INC.（PCOR）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）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VIRTUS INVESTMENT PARTNERS, INC.的1.7倍（$349.1M vs $208.0M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（16.3% vs -10.8%，领先27.0%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs -10.9%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $-74.1M），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% vs -3.2%）
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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
PCOR vs VRTS — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $349.1M | $208.0M |
| 净利润 | $-37.6M | $33.9M |
| 毛利率 | 80.1% | — |
| 营业利润率 | -12.3% | 19.1% |
| 净利率 | -10.8% | 16.3% |
| 营收同比 | 15.6% | -10.9% |
| 净利润同比 | 39.6% | -14.2% |
| 每股收益（稀释后） | $-0.25 | $5.15 |
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
| Q4 25 | $349.1M | $208.0M | ||
| Q3 25 | $338.9M | $216.4M | ||
| Q2 25 | $323.9M | $210.5M | ||
| Q1 25 | $310.6M | $217.9M | ||
| Q4 24 | $302.0M | $233.5M | ||
| Q3 24 | $295.9M | $227.0M | ||
| Q2 24 | $284.3M | $224.4M | ||
| Q1 24 | $269.4M | $222.0M |
| Q4 25 | $-37.6M | $33.9M | ||
| Q3 25 | $-9.1M | $31.3M | ||
| Q2 25 | $-21.1M | $42.7M | ||
| Q1 25 | $-33.0M | $28.1M | ||
| Q4 24 | $-62.3M | $39.5M | ||
| Q3 24 | $-26.4M | $49.1M | ||
| Q2 24 | $-6.3M | $26.0M | ||
| Q1 24 | $-11.0M | $37.9M |
| 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% | — |
| Q4 25 | -12.3% | 19.1% | ||
| Q3 25 | -4.4% | 21.7% | ||
| Q2 25 | -9.3% | 21.5% | ||
| Q1 25 | -11.7% | 16.8% | ||
| Q4 24 | -21.9% | 21.7% | ||
| Q3 24 | -12.3% | 24.3% | ||
| Q2 24 | -5.2% | 19.7% | ||
| Q1 24 | -7.0% | 14.5% |
| Q4 25 | -10.8% | 16.3% | ||
| Q3 25 | -2.7% | 14.5% | ||
| Q2 25 | -6.5% | 20.3% | ||
| Q1 25 | -10.6% | 12.9% | ||
| Q4 24 | -20.6% | 16.9% | ||
| Q3 24 | -8.9% | 21.6% | ||
| Q2 24 | -2.2% | 11.6% | ||
| Q1 24 | -4.1% | 17.1% |
| Q4 25 | $-0.25 | $5.15 | ||
| Q3 25 | $-0.06 | $4.65 | ||
| Q2 25 | $-0.14 | $6.12 | ||
| Q1 25 | $-0.22 | $4.05 | ||
| Q4 24 | $-0.42 | $4.65 | ||
| Q3 24 | $-0.18 | $5.71 | ||
| Q2 24 | $-0.04 | $2.43 | ||
| Q1 24 | $-0.08 | $4.10 |
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 | — |
| 总债务越低越好 | — | $390.0M |
| 股东权益账面价值 | $1.3B | $934.0M |
| 总资产 | $2.2B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
| Q4 25 | $768.5M | — | ||
| Q3 25 | $684.0M | — | ||
| Q2 25 | $620.9M | — | ||
| Q1 25 | $566.7M | — | ||
| Q4 24 | $775.4M | — | ||
| Q3 24 | $756.9M | — | ||
| Q2 24 | $735.4M | — | ||
| Q1 24 | $744.6M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $1.3B | $934.0M | ||
| Q3 25 | $1.2B | $918.7M | ||
| Q2 25 | $1.2B | $896.4M | ||
| Q1 25 | $1.2B | $893.7M | ||
| Q4 24 | $1.3B | $897.5M | ||
| Q3 24 | $1.3B | $889.0M | ||
| Q2 24 | $1.3B | $868.7M | ||
| Q1 24 | $1.2B | $871.7M |
| Q4 25 | $2.2B | $4.3B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $2.0B | $3.6B | ||
| Q1 24 | $1.9B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| 自由现金流经营现金流 - 资本支出 | $109.2M | $-74.1M |
| 自由现金流率自由现金流/营收 | 31.3% | -35.6% |
| 资本支出强度资本支出/营收 | 1.6% | 3.3% |
| 现金转化率经营现金流/净利润 | — | -1.99× |
| 过去12个月自由现金流最近4个季度 | $282.2M | $100.2M |
8季度趋势，按日历期对齐
| Q4 25 | $114.9M | $-67.2M | ||
| Q3 25 | $88.5M | $108.3M | ||
| Q2 25 | $30.8M | $75.8M | ||
| Q1 25 | $66.0M | $-3.8M | ||
| Q4 24 | $29.1M | $1.8M | ||
| Q3 24 | $39.3M | $69.1M | ||
| Q2 24 | $58.7M | $70.0M | ||
| Q1 24 | $69.1M | $-34.5M |
| Q4 25 | $109.2M | $-74.1M | ||
| Q3 25 | $83.1M | $106.9M | ||
| Q2 25 | $27.9M | $74.2M | ||
| Q1 25 | $62.0M | $-6.8M | ||
| Q4 24 | $17.4M | $-3.8M | ||
| Q3 24 | $35.7M | $68.7M | ||
| Q2 24 | $56.8M | $68.6M | ||
| Q1 24 | $67.1M | $-36.5M |
| Q4 25 | 31.3% | -35.6% | ||
| Q3 25 | 24.5% | 49.4% | ||
| Q2 25 | 8.6% | 35.2% | ||
| Q1 25 | 20.0% | -3.1% | ||
| Q4 24 | 5.8% | -1.6% | ||
| Q3 24 | 12.1% | 30.3% | ||
| Q2 24 | 20.0% | 30.6% | ||
| Q1 24 | 24.9% | -16.4% |
| Q4 25 | 1.6% | 3.3% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 1.3% | 1.4% | ||
| Q4 24 | 3.9% | 2.4% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 0.8% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
