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北极星（PII）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是Toast, Inc.的1.0倍（$1.7B vs $1.6B），Toast, Inc.净利率更高（6.2% vs -2.8%，领先9.0%），Toast, Inc.同比增速更快（22.0% vs 8.0%），Toast, Inc.自由现金流更多（$178.0M vs $-342.5M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
PII vs TOST — 直观对比
营收规模更大
PII
是对方的1.0倍
$1.6B
营收增速更快
TOST
高出14.0%
8.0%
净利率更高
TOST
高出9.0%
-2.8%
自由现金流更多
TOST
多$520.5M
$-342.5M
两年增速更快
TOST
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.6B |
| 净利润 | $-47.2M | $101.0M |
| 毛利率 | 20.2% | 25.9% |
| 营业利润率 | 76.5% | 5.2% |
| 净利率 | -2.8% | 6.2% |
| 营收同比 | 8.0% | 22.0% |
| 净利润同比 | 29.0% | 215.6% |
| 每股收益（稀释后） | $-0.83 | $0.18 |
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PIITOST
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $2.0B | $1.2B |
净利润PIITOST
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $101.0M | ||
| Q3 25 | $-15.8M | $105.0M | ||
| Q2 25 | $-79.3M | $80.0M | ||
| Q1 25 | $-66.8M | $56.0M | ||
| Q4 24 | $10.6M | $32.0M | ||
| Q3 24 | $27.7M | $56.0M | ||
| Q2 24 | $68.7M | $14.0M |
毛利率PIITOST
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 25.9% | ||
| Q3 25 | 20.7% | 26.5% | ||
| Q2 25 | 19.4% | 25.3% | ||
| Q1 25 | 16.0% | 25.9% | ||
| Q4 24 | 20.4% | 24.9% | ||
| Q3 24 | 20.6% | 24.7% | ||
| Q2 24 | 21.6% | 23.0% |
营业利润率PIITOST
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 5.2% | ||
| Q3 25 | 1.1% | 5.1% | ||
| Q2 25 | -0.7% | 5.2% | ||
| Q1 25 | -2.4% | 3.2% | ||
| Q4 24 | 3.7% | 2.5% | ||
| Q3 24 | 3.8% | 2.6% | ||
| Q2 24 | 6.1% | 0.4% |
净利率PIITOST
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 6.2% | ||
| Q3 25 | -0.9% | 6.4% | ||
| Q2 25 | -4.3% | 5.2% | ||
| Q1 25 | -4.3% | 4.2% | ||
| Q4 24 | 0.6% | 2.4% | ||
| Q3 24 | 1.6% | 4.3% | ||
| Q2 24 | 3.5% | 1.1% |
每股收益（稀释后）PIITOST
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.18 | ||
| Q3 25 | $-0.28 | $0.16 | ||
| Q2 25 | $-1.39 | $0.13 | ||
| Q1 25 | $-1.17 | $0.09 | ||
| Q4 24 | $0.18 | $0.09 | ||
| Q3 24 | $0.49 | $0.07 | ||
| Q2 24 | $1.21 | $0.02 |
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 | $282.0M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.4M | $2.1B |
| 总资产 | $5.2B | $3.1B |
| 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PIITOST
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $1.4B | ||
| Q3 25 | $335.5M | $1.4B | ||
| Q2 25 | $324.3M | $1.2B | ||
| Q1 25 | $291.7M | $1.0B | ||
| Q4 24 | $287.8M | $903.0M | ||
| Q3 24 | $291.3M | $761.0M | ||
| Q2 24 | $322.7M | $691.0M |
总债务PIITOST
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $2.1B | — |
股东权益PIITOST
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.3B |
总资产PIITOST
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.5B | $2.6B | ||
| Q4 24 | $5.5B | $2.4B | ||
| Q3 24 | $5.6B | $2.2B | ||
| Q2 24 | $5.7B | $2.2B |
负债/权益比PIITOST
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.56× | — |
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 | — | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | $178.0M |
| 自由现金流率自由现金流/营收 | -20.6% | 10.9% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | $168.0M | $608.0M |
8季度趋势，按日历期对齐
经营现金流PIITOST
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $194.0M | ||
| Q3 25 | $158.8M | $165.0M | ||
| Q2 25 | $320.3M | $223.0M | ||
| Q1 25 | $83.2M | $79.0M | ||
| Q4 24 | $206.3M | $147.0M | ||
| Q3 24 | $21.0M | $109.0M | ||
| Q2 24 | $146.3M | $124.0M |
自由现金流PIITOST
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $178.0M | ||
| Q3 25 | $116.7M | $153.0M | ||
| Q2 25 | $279.8M | $208.0M | ||
| Q1 25 | $47.6M | $69.0M | ||
| Q4 24 | $137.3M | $134.0M | ||
| Q3 24 | $-32.4M | $97.0M | ||
| Q2 24 | $79.1M | $108.0M |
自由现金流率PIITOST
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 10.9% | ||
| Q3 25 | 6.3% | 9.4% | ||
| Q2 25 | 15.1% | 13.4% | ||
| Q1 25 | 3.1% | 5.2% | ||
| Q4 24 | 7.8% | 10.0% | ||
| Q3 24 | -1.9% | 7.4% | ||
| Q2 24 | 4.0% | 8.7% |
资本支出强度PIITOST
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.0% | ||
| Q3 25 | 2.3% | 0.7% | ||
| Q2 25 | 2.2% | 1.0% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 3.9% | 1.0% | ||
| Q3 24 | 3.1% | 0.9% | ||
| Q2 24 | 3.4% | 1.3% |
现金转化率PIITOST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 19.46× | 4.59× | ||
| Q3 24 | 0.76× | 1.95× | ||
| Q2 24 | 2.13× | 8.86× |
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
PII
暂无分部数据
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
