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Pagaya Technologies Ltd.（PGY）与威立（WLY）财务数据对比。点击上方公司名可切换其他公司
威立的季度营收约是Pagaya Technologies Ltd.的1.3倍（$421.8M vs $321.0M），Pagaya Technologies Ltd.净利率更高（10.7% vs 10.6%，领先0.0%），Pagaya Technologies Ltd.同比增速更快（16.5% vs -1.1%），Pagaya Technologies Ltd.自由现金流更多（$76.7M vs $-4.6M），过去两年Pagaya Technologies Ltd.的营收复合增速更高（16.4% vs -4.3%）
Pagaya Technologies是一家以纽约为总部的以美金融科技企业，专注于运用人工智能技术评估贷款申请，推动信贷审核流程现代化。该公司2022年于纽约证券交易所上市，截至2024年，已累计评估约2.6万亿美元规模的贷款申请，促成的贷款总额约达280亿美元，核心客户以银行等金融机构为主。
约翰威立国际出版公司是美国跨国出版企业，1807年成立，专注于学术出版与教学资料发行。业务覆盖纸质和电子形式的图书、期刊、百科全书，同时面向本科生、研究生及继续教育群体提供线上产品与服务、培训材料和教育资源，在全球学术与教育出版领域拥有深厚积累。
PGY vs WLY — 直观对比
营收规模更大
WLY
是对方的1.3倍
$321.0M
营收增速更快
PGY
高出17.6%
-1.1%
净利率更高
PGY
高出0.0%
10.6%
自由现金流更多
PGY
多$81.3M
$-4.6M
两年增速更快
PGY
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $321.0M | $421.8M |
| 净利润 | $34.3M | $44.9M |
| 毛利率 | 40.8% | 75.2% |
| 营业利润率 | 24.8% | 17.3% |
| 净利率 | 10.7% | 10.6% |
| 营收同比 | 16.5% | -1.1% |
| 净利润同比 | 114.4% | 11.0% |
| 每股收益（稀释后） | $0.40 | $0.84 |
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PGYWLY
| Q4 25 | $321.0M | $421.8M | ||
| Q3 25 | $339.9M | $396.8M | ||
| Q2 25 | $317.7M | $442.6M | ||
| Q1 25 | $282.7M | $404.6M | ||
| Q4 24 | $275.7M | $426.6M | ||
| Q3 24 | $249.3M | $403.8M | ||
| Q2 24 | $242.6M | $468.5M | ||
| Q1 24 | $237.0M | $460.7M |
净利润PGYWLY
| Q4 25 | $34.3M | $44.9M | ||
| Q3 25 | $22.5M | $11.7M | ||
| Q2 25 | $16.7M | $68.1M | ||
| Q1 25 | $7.9M | $-23.0M | ||
| Q4 24 | $-237.9M | $40.5M | ||
| Q3 24 | $-67.5M | $-1.4M | ||
| Q2 24 | $-74.8M | $25.3M | ||
| Q1 24 | $-21.2M | $-113.9M |
毛利率PGYWLY
| Q4 25 | 40.8% | 75.2% | ||
| Q3 25 | 41.0% | 72.5% | ||
| Q2 25 | 39.7% | 74.9% | ||
| Q1 25 | 40.9% | 74.2% | ||
| Q4 24 | 42.6% | 74.9% | ||
| Q3 24 | 40.2% | 73.0% | ||
| Q2 24 | 40.0% | 73.7% | ||
| Q1 24 | 38.9% | 68.8% |
营业利润率PGYWLY
| Q4 25 | 24.8% | 17.3% | ||
| Q3 25 | 23.5% | 7.8% | ||
| Q2 25 | 17.8% | 17.3% | ||
| Q1 25 | 16.9% | 12.8% | ||
| Q4 24 | 11.5% | 15.0% | ||
| Q3 24 | 9.0% | 7.2% | ||
| Q2 24 | 2.1% | 14.7% | ||
| Q1 24 | 3.2% | -10.1% |
净利率PGYWLY
| Q4 25 | 10.7% | 10.6% | ||
| Q3 25 | 6.6% | 2.9% | ||
| Q2 25 | 5.2% | 15.4% | ||
| Q1 25 | 2.8% | -5.7% | ||
| Q4 24 | -86.3% | 9.5% | ||
| Q3 24 | -27.1% | -0.4% | ||
| Q2 24 | -30.8% | 5.4% | ||
| Q1 24 | -9.0% | -24.7% |
每股收益（稀释后）PGYWLY
| Q4 25 | $0.40 | $0.84 | ||
| Q3 25 | $0.23 | $0.22 | ||
| Q2 25 | $0.20 | $1.25 | ||
| Q1 25 | $0.10 | $-0.43 | ||
| Q4 24 | $-3.36 | $0.74 | ||
| Q3 24 | $-0.93 | $-0.03 | ||
| Q2 24 | $-1.04 | $0.45 | ||
| Q1 24 | $-0.33 | $-2.08 |
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 | $235.3M | $67.4M |
| 总债务越低越好 | — | $871.7M |
| 股东权益账面价值 | $480.0M | $740.2M |
| 总资产 | $1.5B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资PGYWLY
| Q4 25 | $235.3M | $67.4M | ||
| Q3 25 | $218.3M | $81.8M | ||
| Q2 25 | $183.0M | $85.9M | ||
| Q1 25 | $186.8M | $104.5M | ||
| Q4 24 | $187.9M | $75.5M | ||
| Q3 24 | $147.1M | $82.5M | ||
| Q2 24 | $233.6M | $83.2M | ||
| Q1 24 | $274.5M | $93.1M |
总债务PGYWLY
| Q4 25 | — | $871.7M | ||
| Q3 25 | — | $828.3M | ||
| Q2 25 | — | $799.4M | ||
| Q1 25 | $317.9M | $887.2M | ||
| Q4 24 | — | $961.0M | ||
| Q3 24 | $230.2M | $918.6M | ||
| Q2 24 | $232.6M | $774.6M | ||
| Q1 24 | $235.0M | $906.8M |
股东权益PGYWLY
| Q4 25 | $480.0M | $740.2M | ||
| Q3 25 | $438.3M | $733.1M | ||
| Q2 25 | $366.8M | $752.2M | ||
| Q1 25 | $335.5M | $685.2M | ||
| Q4 24 | $326.5M | $755.3M | ||
| Q3 24 | $462.3M | $713.7M | ||
| Q2 24 | $526.0M | $739.7M | ||
| Q1 24 | $626.8M | $748.3M |
总资产PGYWLY
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.5B | $2.7B |
负债/权益比PGYWLY
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | 0.95× | 1.29× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 0.50× | 1.29× | ||
| Q2 24 | 0.44× | 1.05× | ||
| Q1 24 | 0.37× | 1.21× |
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 | $79.8M | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $76.7M | $-4.6M |
| 自由现金流率自由现金流/营收 | 23.9% | -1.1% |
| 资本支出强度资本支出/营收 | 1.0% | 3.1% |
| 现金转化率经营现金流/净利润 | 2.33× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $224.7M | $162.5M |
8季度趋势，按日历期对齐
经营现金流PGYWLY
| Q4 25 | $79.8M | $8.5M | ||
| Q3 25 | $67.0M | $-85.0M | ||
| Q2 25 | $57.4M | $150.3M | ||
| Q1 25 | $34.4M | $146.2M | ||
| Q4 24 | $27.9M | $-5.3M | ||
| Q3 24 | $-7.1M | $-88.7M | ||
| Q2 24 | $9.3M | $183.3M | ||
| Q1 24 | $17.7M | $107.8M |
自由现金流PGYWLY
| Q4 25 | $76.7M | $-4.6M | ||
| Q3 25 | $63.8M | $-97.0M | ||
| Q2 25 | $53.5M | $131.2M | ||
| Q1 25 | $30.7M | $132.9M | ||
| Q4 24 | $23.9M | $-19.8M | ||
| Q3 24 | $-11.3M | $-103.2M | ||
| Q2 24 | $4.9M | $164.5M | ||
| Q1 24 | $12.6M | $90.9M |
自由现金流率PGYWLY
| Q4 25 | 23.9% | -1.1% | ||
| Q3 25 | 18.8% | -24.4% | ||
| Q2 25 | 16.9% | 29.6% | ||
| Q1 25 | 10.8% | 32.9% | ||
| Q4 24 | 8.7% | -4.6% | ||
| Q3 24 | -4.6% | -25.6% | ||
| Q2 24 | 2.0% | 35.1% | ||
| Q1 24 | 5.3% | 19.7% |
资本支出强度PGYWLY
| Q4 25 | 1.0% | 3.1% | ||
| Q3 25 | 1.0% | 3.0% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 1.3% | 3.3% | ||
| Q4 24 | 1.4% | 3.4% | ||
| Q3 24 | 1.7% | 3.6% | ||
| Q2 24 | 1.8% | 4.0% | ||
| Q1 24 | 2.2% | 3.7% |
现金转化率PGYWLY
| Q4 25 | 2.33× | 0.19× | ||
| Q3 25 | 2.97× | -7.27× | ||
| Q2 25 | 3.44× | 2.21× | ||
| Q1 25 | 4.36× | — | ||
| Q4 24 | — | -0.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 7.25× | ||
| 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
PGY
| Network AI Fees | $287.4M | 90% |
| Financial Service | $33.6M | 10% |
WLY
| Research Publishing | $241.4M | 57% |
| Academic Products | $87.0M | 21% |
| Professional Products | $56.2M | 13% |
| Research Solutions | $37.1M | 9% |
