vs
PEGASYSTEMS INC（PEGA）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是PEGASYSTEMS INC的1.7倍（$725.6M vs $430.0M）。Reddit, Inc.净利率更高（34.7% vs 7.6%，领先27.1%）。Reddit, Inc.同比增速更快（69.7% vs -9.6%）。Reddit, Inc.自由现金流更多（$263.6M vs $206.5M）。过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 10.7%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
PEGA vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.7倍
$430.0M
营收增速更快
RDDT
高出79.3%
-9.6%
净利率更高
RDDT
高出27.1%
7.6%
自由现金流更多
RDDT
多$57.1M
$206.5M
两年增速更快
RDDT
近两年复合增速
10.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $725.6M |
| 净利润 | $32.8M | $251.6M |
| 毛利率 | 75.2% | 91.9% |
| 营业利润率 | 8.6% | 31.9% |
| 净利率 | 7.6% | 34.7% |
| 营收同比 | -9.6% | 69.7% |
| 净利润同比 | -61.6% | 254.2% |
| 每股收益（稀释后） | $0.18 | $1.24 |
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PEGARDDT
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $725.6M | ||
| Q3 25 | $381.4M | $584.9M | ||
| Q2 25 | $384.5M | $499.6M | ||
| Q1 25 | $475.6M | $392.4M | ||
| Q4 24 | $490.8M | $427.7M | ||
| Q3 24 | $325.1M | $348.4M | ||
| Q2 24 | $351.2M | $281.2M |
净利润PEGARDDT
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $251.6M | ||
| Q3 25 | $43.4M | $162.7M | ||
| Q2 25 | $30.1M | $89.3M | ||
| Q1 25 | $85.4M | $26.2M | ||
| Q4 24 | $119.1M | $71.0M | ||
| Q3 24 | $-14.4M | $29.9M | ||
| Q2 24 | $6.6M | $-10.1M |
毛利率PEGARDDT
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 91.9% | ||
| Q3 25 | 72.2% | 91.0% | ||
| Q2 25 | 71.5% | 90.8% | ||
| Q1 25 | 78.5% | 90.5% | ||
| Q4 24 | 79.1% | 92.6% | ||
| Q3 24 | 70.2% | 90.1% | ||
| Q2 24 | 72.4% | 89.5% |
营业利润率PEGARDDT
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 31.9% | ||
| Q3 25 | 3.8% | 23.7% | ||
| Q2 25 | 4.5% | 13.6% | ||
| Q1 25 | 26.7% | 1.0% | ||
| Q4 24 | 29.1% | 12.4% | ||
| Q3 24 | -3.6% | 2.0% | ||
| Q2 24 | 3.7% | -11.0% |
净利率PEGARDDT
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 34.7% | ||
| Q3 25 | 11.4% | 27.8% | ||
| Q2 25 | 7.8% | 17.9% | ||
| Q1 25 | 18.0% | 6.7% | ||
| Q4 24 | 24.3% | 16.6% | ||
| Q3 24 | -4.4% | 8.6% | ||
| Q2 24 | 1.9% | -3.6% |
每股收益（稀释后）PEGARDDT
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $1.24 | ||
| Q3 25 | $0.24 | $0.80 | ||
| Q2 25 | $0.17 | $0.45 | ||
| Q1 25 | $0.91 | $0.13 | ||
| Q4 24 | $1.35 | $4.76 | ||
| Q3 24 | $-0.17 | $0.16 | ||
| Q2 24 | $0.07 | $-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 | $270.0M | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $705.9M | $2.9B |
| 总资产 | $1.6B | $3.2B |
| 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PEGARDDT
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $953.6M | ||
| Q3 25 | $351.4M | $911.7M | ||
| Q2 25 | $411.6M | $734.1M | ||
| Q1 25 | $371.7M | $635.7M | ||
| Q4 24 | $740.0M | $562.1M | ||
| Q3 24 | $703.0M | $515.9M | ||
| Q2 24 | $665.1M | $468.0M |
股东权益PEGARDDT
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $2.9B | ||
| Q3 25 | $596.8M | $2.6B | ||
| Q2 25 | $624.5M | $2.4B | ||
| Q1 25 | $611.3M | $2.2B | ||
| Q4 24 | $585.5M | $2.1B | ||
| Q3 24 | $473.0M | $2.0B | ||
| Q2 24 | $435.4M | $1.9B |
总资产PEGARDDT
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
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 | — | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $263.6M |
| 自由现金流率自由现金流/营收 | 48.0% | 36.3% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $494.9M | $684.2M |
8季度趋势，按日历期对齐
经营现金流PEGARDDT
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $266.8M | ||
| Q3 25 | $56.3M | $185.2M | ||
| Q2 25 | $86.3M | $111.3M | ||
| Q1 25 | $204.2M | $127.6M | ||
| Q4 24 | $95.2M | $90.0M | ||
| Q3 24 | $30.5M | $71.6M | ||
| Q2 24 | $40.1M | $28.4M |
自由现金流PEGARDDT
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $263.6M | ||
| Q3 25 | $51.8M | $183.1M | ||
| Q2 25 | $84.1M | $110.8M | ||
| Q1 25 | $202.3M | $126.6M | ||
| Q4 24 | $92.4M | $89.2M | ||
| Q3 24 | $27.4M | $70.3M | ||
| Q2 24 | $38.8M | $27.2M |
自由现金流率PEGARDDT
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 36.3% | ||
| Q3 25 | 13.6% | 31.3% | ||
| Q2 25 | 21.9% | 22.2% | ||
| Q1 25 | 42.5% | 32.3% | ||
| Q4 24 | 18.8% | 20.8% | ||
| Q3 24 | 8.4% | 20.2% | ||
| Q2 24 | 11.1% | 9.7% |
资本支出强度PEGARDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.9% | 0.4% | ||
| Q2 24 | 0.4% | 0.4% |
现金转化率PEGARDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.06× | ||
| Q3 25 | 1.30× | 1.14× | ||
| Q2 25 | 2.87× | 1.25× | ||
| Q1 25 | 2.39× | 4.88× | ||
| Q4 24 | 0.80× | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | 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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
