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PennyMac Financial Services, Inc.（PFSI）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
PennyMac Financial Services, Inc.的季度营收约是Stitch Fix, Inc.的1.6倍（$538.0M vs $342.1M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs -1.9%，领先1754.3%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 7.3%），Stitch Fix, Inc.自由现金流更多（$5.6M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% vs 1.8%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
PFSI vs SFIX — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $538.0M | $342.1M |
| 净利润 | $106.8M | $-6.4M |
| 毛利率 | — | 43.6% |
| 营业利润率 | 25.0% | -2.5% |
| 净利率 | 1752.5% | -1.9% |
| 营收同比 | 14.4% | 7.3% |
| 净利润同比 | 2.2% | -1.7% |
| 每股收益（稀释后） | $1.97 | $-0.05 |
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 | $538.0M | $342.1M | ||
| Q3 25 | $632.9M | $311.2M | ||
| Q2 25 | $444.7M | $325.0M | ||
| Q1 25 | $430.9M | $312.1M | ||
| Q4 24 | $470.1M | $318.8M | ||
| Q3 24 | $411.8M | $319.6M | ||
| Q2 24 | $406.1M | $322.7M | ||
| Q1 24 | $305.7M | $330.4M |
| Q4 25 | $106.8M | $-6.4M | ||
| Q3 25 | $181.5M | $-8.6M | ||
| Q2 25 | $136.5M | $-7.4M | ||
| Q1 25 | $76.3M | $-6.5M | ||
| Q4 24 | $104.5M | $-6.3M | ||
| Q3 24 | $69.4M | $-36.5M | ||
| Q2 24 | $98.3M | $-21.3M | ||
| Q1 24 | $39.3M | $-35.5M |
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 43.6% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 44.6% | ||
| Q2 24 | — | 45.5% | ||
| Q1 24 | — | 43.4% |
| Q4 25 | 25.0% | -2.5% | ||
| Q3 25 | 37.3% | -3.6% | ||
| Q2 25 | 17.2% | -3.0% | ||
| Q1 25 | 24.2% | -2.9% | ||
| Q4 24 | 27.5% | -2.8% | ||
| Q3 24 | 22.8% | -13.1% | ||
| Q2 24 | 33.0% | -7.7% | ||
| Q1 24 | 14.4% | -11.5% |
| Q4 25 | 1752.5% | -1.9% | ||
| Q3 25 | 28.7% | -2.8% | ||
| Q2 25 | 30.7% | -2.3% | ||
| Q1 25 | 17.7% | -2.1% | ||
| Q4 24 | 2559.8% | -2.0% | ||
| Q3 24 | 16.8% | -11.4% | ||
| Q2 24 | 24.2% | -6.6% | ||
| Q1 24 | 12.9% | -10.8% |
| Q4 25 | $1.97 | $-0.05 | ||
| Q3 25 | $3.37 | $-0.06 | ||
| Q2 25 | $2.54 | $-0.06 | ||
| Q1 25 | $1.42 | $-0.05 | ||
| Q4 24 | $1.95 | $-0.05 | ||
| Q3 24 | $1.30 | $-0.29 | ||
| Q2 24 | $1.85 | $-0.18 | ||
| Q1 24 | $0.74 | $-0.30 |
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 | $410.0M | $244.2M |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $4.3B | $204.1M |
| 总资产 | $29.4B | $530.7M |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
| Q4 25 | $410.0M | $244.2M | ||
| Q3 25 | $62.2M | $234.9M | ||
| Q2 25 | $462.3M | $234.2M | ||
| Q1 25 | $443.4M | $219.1M | ||
| Q4 24 | $420.6M | $253.3M | ||
| Q3 24 | $667.9M | $247.0M | ||
| Q2 24 | $188.8M | $244.5M | ||
| Q1 24 | $69.0K | $229.8M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $4.3B | $204.1M | ||
| Q3 25 | $4.2B | $203.0M | ||
| Q2 25 | $4.0B | $200.4M | ||
| Q1 25 | $3.9B | $197.8M | ||
| Q4 24 | $3.8B | $190.5M | ||
| Q3 24 | $3.7B | $187.0M | ||
| Q2 24 | $3.7B | $208.9M | ||
| Q1 24 | $3.6B | $213.3M |
| Q4 25 | $29.4B | $530.7M | ||
| Q3 25 | $25.4B | $480.6M | ||
| Q2 25 | $24.2B | $484.7M | ||
| Q1 25 | $23.9B | $472.6M | ||
| Q4 24 | $26.1B | $507.1M | ||
| Q3 24 | $22.9B | $486.9M | ||
| Q2 24 | $21.6B | $537.0M | ||
| Q1 24 | $19.8B | $538.3M |
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 1.27× | — |
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 | $-1.7B | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | $5.6M |
| 自由现金流率自由现金流/营收 | -309.3% | 1.6% |
| 资本支出强度资本支出/营收 | 2.2% | 1.6% |
| 现金转化率经营现金流/净利润 | -15.46× | — |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $4.9M |
8季度趋势，按日历期对齐
| Q4 25 | $-1.7B | $10.9M | ||
| Q3 25 | $-697.4M | $7.0M | ||
| Q2 25 | $-131.3M | $20.5M | ||
| Q1 25 | $1.1B | $-16.2M | ||
| Q4 24 | $-4.5B | $14.3M | ||
| Q3 24 | $-393.7M | $8.2M | ||
| Q2 24 | $-1.1B | $21.7M | ||
| Q1 24 | $-897.9M | $-22.3M |
| Q4 25 | $-1.7B | $5.6M | ||
| Q3 25 | $-699.4M | $2.8M | ||
| Q2 25 | $-132.6M | $16.0M | ||
| Q1 25 | $1.1B | $-19.4M | ||
| Q4 24 | $-4.5B | $9.9M | ||
| Q3 24 | $-393.9M | $4.5M | ||
| Q2 24 | $-1.1B | $18.9M | ||
| Q1 24 | $-898.9M | $-26.1M |
| Q4 25 | -309.3% | 1.6% | ||
| Q3 25 | -110.5% | 0.9% | ||
| Q2 25 | -29.8% | 4.9% | ||
| Q1 25 | 247.3% | -6.2% | ||
| Q4 24 | -964.7% | 3.1% | ||
| Q3 24 | -95.6% | 1.4% | ||
| Q2 24 | -269.2% | 5.9% | ||
| Q1 24 | -294.1% | -7.9% |
| Q4 25 | 2.2% | 1.6% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.1% | 1.0% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.3% | 1.1% |
| Q4 25 | -15.46× | — | ||
| Q3 25 | -3.84× | — | ||
| Q2 25 | -0.96× | — | ||
| Q1 25 | 13.97× | — | ||
| Q4 24 | -43.39× | — | ||
| Q3 24 | -5.68× | — | ||
| Q2 24 | -11.12× | — | ||
| Q1 24 | -22.84× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
