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PINTEREST, INC.（PINS）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是PINTEREST, INC.的1.3倍（$1.7B vs $1.3B）。PINTEREST, INC.净利率更高（21.0% vs 2.6%，领先18.4%）。PINTEREST, INC.同比增速更快（14.3% vs 10.2%）。PINTEREST, INC.自由现金流更多（$380.4M vs $205.6M）。过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 19.9%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
PINS vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.3倍
$1.3B
营收增速更快
PINS
高出4.1%
10.2%
净利率更高
PINS
高出18.4%
2.6%
自由现金流更多
PINS
多$174.8M
$205.6M
两年增速更快
PINS
近两年复合增速
19.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $277.1M | $45.2M |
| 毛利率 | 82.8% | 59.1% |
| 营业利润率 | 22.8% | 2.9% |
| 净利率 | 21.0% | 2.6% |
| 营收同比 | 14.3% | 10.2% |
| 净利润同比 | -85.0% | 396.7% |
| 每股收益（稀释后） | $0.41 | $0.03 |
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PINSSNAP
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $998.2M | $1.3B | ||
| Q1 25 | $855.0M | $1.4B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $898.4M | $1.4B | ||
| Q2 24 | $853.7M | $1.2B | ||
| Q1 24 | $740.0M | $1.2B |
净利润PINSSNAP
| Q4 25 | $277.1M | $45.2M | ||
| Q3 25 | $92.1M | $-103.5M | ||
| Q2 25 | $38.8M | $-262.6M | ||
| Q1 25 | $8.9M | $-139.6M | ||
| Q4 24 | $1.8B | $9.1M | ||
| Q3 24 | $30.6M | $-153.2M | ||
| Q2 24 | $8.9M | $-248.6M | ||
| Q1 24 | $-24.8M | $-305.1M |
毛利率PINSSNAP
| Q4 25 | 82.8% | 59.1% | ||
| Q3 25 | 79.8% | 55.3% | ||
| Q2 25 | 79.7% | 51.4% | ||
| Q1 25 | 76.7% | 53.1% | ||
| Q4 24 | 82.9% | 56.9% | ||
| Q3 24 | 79.1% | 53.5% | ||
| Q2 24 | 78.3% | 52.4% | ||
| Q1 24 | 75.5% | 51.9% |
营业利润率PINSSNAP
| Q4 25 | 22.8% | 2.9% | ||
| Q3 25 | 5.6% | -8.5% | ||
| Q2 25 | -0.4% | -19.3% | ||
| Q1 25 | -4.1% | -14.2% | ||
| Q4 24 | 22.7% | -1.7% | ||
| Q3 24 | -0.7% | -12.6% | ||
| Q2 24 | -2.5% | -20.5% | ||
| Q1 24 | -7.4% | -27.9% |
净利率PINSSNAP
| Q4 25 | 21.0% | 2.6% | ||
| Q3 25 | 8.8% | -6.9% | ||
| Q2 25 | 3.9% | -19.5% | ||
| Q1 25 | 1.0% | -10.2% | ||
| Q4 24 | 160.1% | 0.6% | ||
| Q3 24 | 3.4% | -11.2% | ||
| Q2 24 | 1.0% | -20.1% | ||
| Q1 24 | -3.4% | -25.5% |
每股收益（稀释后）PINSSNAP
| Q4 25 | $0.41 | $0.03 | ||
| Q3 25 | $0.13 | $-0.06 | ||
| Q2 25 | $0.06 | $-0.16 | ||
| Q1 25 | $0.01 | $-0.08 | ||
| Q4 24 | $2.66 | $0.01 | ||
| Q3 24 | $0.04 | $-0.09 | ||
| Q2 24 | $0.01 | $-0.15 | ||
| Q1 24 | $-0.04 | $-0.19 |
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 | $969.3M | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $4.7B | $2.3B |
| 总资产 | $5.5B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资PINSSNAP
| Q4 25 | $969.3M | $2.9B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.3B | $3.2B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.0B | $3.2B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.6B | $2.9B |
总债务PINSSNAP
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.3B |
股东权益PINSSNAP
| Q4 25 | $4.7B | $2.3B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $4.7B | $2.3B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $2.9B | $2.2B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
总资产PINSSNAP
| Q4 25 | $5.5B | $7.7B | ||
| Q3 25 | $5.5B | $7.6B | ||
| Q2 25 | $5.4B | $7.4B | ||
| Q1 25 | $5.3B | $7.6B | ||
| Q4 24 | $5.3B | $7.9B | ||
| Q3 24 | $3.5B | $7.6B | ||
| Q2 24 | $3.7B | $7.4B | ||
| Q1 24 | $3.7B | $7.2B |
负债/权益比PINSSNAP
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | 1.55× |
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 | $391.2M | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $205.6M |
| 自由现金流率自由现金流/营收 | 28.8% | 12.0% |
| 资本支出强度资本支出/营收 | 0.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.41× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $437.2M |
8季度趋势，按日历期对齐
经营现金流PINSSNAP
| Q4 25 | $391.2M | $269.6M | ||
| Q3 25 | $321.7M | $146.5M | ||
| Q2 25 | $207.7M | $88.5M | ||
| Q1 25 | $363.7M | $151.6M | ||
| Q4 24 | $254.0M | $230.6M | ||
| Q3 24 | $248.0M | $115.9M | ||
| Q2 24 | $106.4M | $-21.4M | ||
| Q1 24 | $356.1M | $88.4M |
自由现金流PINSSNAP
| Q4 25 | $380.4M | $205.6M | ||
| Q3 25 | $318.4M | $93.4M | ||
| Q2 25 | $196.7M | $23.8M | ||
| Q1 25 | $356.4M | $114.4M | ||
| Q4 24 | $250.2M | $182.4M | ||
| Q3 24 | $244.1M | $71.8M | ||
| Q2 24 | $101.6M | $-73.4M | ||
| Q1 24 | $344.0M | $37.9M |
自由现金流率PINSSNAP
| Q4 25 | 28.8% | 12.0% | ||
| Q3 25 | 30.3% | 6.2% | ||
| Q2 25 | 19.7% | 1.8% | ||
| Q1 25 | 41.7% | 8.4% | ||
| Q4 24 | 21.7% | 11.7% | ||
| Q3 24 | 27.2% | 5.2% | ||
| Q2 24 | 11.9% | -5.9% | ||
| Q1 24 | 46.5% | 3.2% |
资本支出强度PINSSNAP
| Q4 25 | 0.8% | 3.7% | ||
| Q3 25 | 0.3% | 3.5% | ||
| Q2 25 | 1.1% | 4.8% | ||
| Q1 25 | 0.9% | 2.7% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 0.4% | 3.2% | ||
| Q2 24 | 0.6% | 4.2% | ||
| Q1 24 | 1.6% | 4.2% |
现金转化率PINSSNAP
| Q4 25 | 1.41× | 5.96× | ||
| Q3 25 | 3.49× | — | ||
| Q2 25 | 5.36× | — | ||
| Q1 25 | 40.77× | — | ||
| Q4 24 | 0.14× | 25.34× | ||
| Q3 24 | 8.12× | — | ||
| Q2 24 | 11.98× | — | ||
| 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
PINS
暂无分部数据
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
