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PEGASYSTEMS INC（PEGA）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
PEGASYSTEMS INC的季度营收约是医疗房产信托的1.5倍（$430.0M vs $296.5M），PEGASYSTEMS INC净利率更高（7.6% vs -0.3%，领先7.9%），PEGASYSTEMS INC同比增速更快（-9.6% vs -17.0%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $-95.2M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs -6.1%）
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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
PEGA vs SVC — 直观对比
营收规模更大
PEGA
是对方的1.5倍
$296.5M
营收增速更快
PEGA
高出7.4%
-17.0%
净利率更高
PEGA
高出7.9%
-0.3%
自由现金流更多
PEGA
多$301.7M
$-95.2M
两年增速更快
PEGA
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $296.5M |
| 净利润 | $32.8M | $-782.0K |
| 毛利率 | 75.2% | — |
| 营业利润率 | 8.6% | -3.9% |
| 净利率 | 7.6% | -0.3% |
| 营收同比 | -9.6% | -17.0% |
| 净利润同比 | — | 99.0% |
| 每股收益（稀释后） | $0.18 | $-0.01 |
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PEGASVC
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $296.5M | ||
| Q3 25 | $381.4M | $377.6M | ||
| Q2 25 | $384.5M | $404.4M | ||
| Q1 25 | $475.6M | $335.0M | ||
| Q4 24 | $490.8M | $357.0M | ||
| Q3 24 | $325.1M | $390.9M | ||
| Q2 24 | $351.2M | $412.5M |
净利润PEGASVC
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $-782.0K | ||
| Q3 25 | $43.4M | $-46.9M | ||
| Q2 25 | $30.1M | $-38.2M | ||
| Q1 25 | $85.4M | $-116.4M | ||
| Q4 24 | $119.1M | $-76.4M | ||
| Q3 24 | $-14.4M | $-46.9M | ||
| Q2 24 | $6.6M | $-73.8M |
毛利率PEGASVC
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 72.2% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.4% | — |
营业利润率PEGASVC
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | -3.9% | ||
| Q3 25 | 3.8% | -12.8% | ||
| Q2 25 | 4.5% | -9.2% | ||
| Q1 25 | 26.7% | -33.3% | ||
| Q4 24 | 29.1% | -19.4% | ||
| Q3 24 | -3.6% | -12.8% | ||
| Q2 24 | 3.7% | -17.1% |
净利率PEGASVC
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | -0.3% | ||
| Q3 25 | 11.4% | -12.4% | ||
| Q2 25 | 7.8% | -9.4% | ||
| Q1 25 | 18.0% | -34.8% | ||
| Q4 24 | 24.3% | -21.4% | ||
| Q3 24 | -4.4% | -12.0% | ||
| Q2 24 | 1.9% | -17.9% |
每股收益（稀释后）PEGASVC
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $-0.01 | ||
| Q3 25 | $0.24 | $-0.28 | ||
| Q2 25 | $0.17 | $-0.23 | ||
| Q1 25 | $0.91 | $-0.70 | ||
| Q4 24 | $1.35 | $-0.46 | ||
| Q3 24 | $-0.17 | $-0.28 | ||
| Q2 24 | $0.07 | $-0.45 |
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 | $346.8M |
| 总债务越低越好 | — | $5.5B |
| 股东权益账面价值 | $705.9M | $646.1M |
| 总资产 | $1.6B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资PEGASVC
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $346.8M | ||
| Q3 25 | $351.4M | $417.4M | ||
| Q2 25 | $411.6M | $63.2M | ||
| Q1 25 | $371.7M | $80.1M | ||
| Q4 24 | $740.0M | $143.5M | ||
| Q3 24 | $703.0M | $48.6M | ||
| Q2 24 | $665.1M | $14.6M |
总债务PEGASVC
| Q1 26 | — | — | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PEGASVC
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $646.1M | ||
| Q3 25 | $596.8M | $647.9M | ||
| Q2 25 | $624.5M | $695.9M | ||
| Q1 25 | $611.3M | $734.6M | ||
| Q4 24 | $585.5M | $851.9M | ||
| Q3 24 | $473.0M | $929.0M | ||
| Q2 24 | $435.4M | $1.0B |
总资产PEGASVC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $6.5B | ||
| Q3 25 | $1.3B | $7.0B | ||
| Q2 25 | $1.3B | $6.9B | ||
| Q1 25 | $1.3B | $7.0B | ||
| Q4 24 | $1.8B | $7.1B | ||
| Q3 24 | $1.6B | $7.1B | ||
| Q2 24 | $1.5B | $7.1B |
负债/权益比PEGASVC
| Q1 26 | — | — | ||
| Q4 25 | — | 8.52× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $-95.2M |
| 自由现金流率自由现金流/营收 | 48.0% | -32.1% |
| 资本支出强度资本支出/营收 | — | 25.9% |
| 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 | $494.9M | $-107.0M |
8季度趋势，按日历期对齐
经营现金流PEGASVC
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $-18.5M | ||
| Q3 25 | $56.3M | $98.1M | ||
| Q2 25 | $86.3M | $-7.0K | ||
| Q1 25 | $204.2M | $38.2M | ||
| Q4 24 | $95.2M | $-9.7M | ||
| Q3 24 | $30.5M | $106.2M | ||
| Q2 24 | $40.1M | $43.8M |
自由现金流PEGASVC
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $-95.2M | ||
| Q3 25 | $51.8M | $57.9M | ||
| Q2 25 | $84.1M | $-46.6M | ||
| Q1 25 | $202.3M | $-23.2M | ||
| Q4 24 | $92.4M | $-88.9M | ||
| Q3 24 | $27.4M | $24.1M | ||
| Q2 24 | $38.8M | $-22.3M |
自由现金流率PEGASVC
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | -32.1% | ||
| Q3 25 | 13.6% | 15.3% | ||
| Q2 25 | 21.9% | -11.5% | ||
| Q1 25 | 42.5% | -6.9% | ||
| Q4 24 | 18.8% | -24.9% | ||
| Q3 24 | 8.4% | 6.2% | ||
| Q2 24 | 11.1% | -5.4% |
资本支出强度PEGASVC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 25.9% | ||
| Q3 25 | 1.2% | 10.6% | ||
| Q2 25 | 0.6% | 11.5% | ||
| Q1 25 | 0.4% | 18.3% | ||
| Q4 24 | 0.6% | 22.2% | ||
| Q3 24 | 0.9% | 21.0% | ||
| Q2 24 | 0.4% | 16.0% |
现金转化率PEGASVC
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.87× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | — | ||
| 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% |
SVC
暂无分部数据
