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PINTEREST, INC.（PINS）与Solventum（SOLV）财务数据对比。点击上方公司名可切换其他公司
Solventum的季度营收约是PINTEREST, INC.的1.5倍（$2.0B vs $1.3B），PINTEREST, INC.净利率更高（21.0% vs 3.2%，领先17.8%），PINTEREST, INC.同比增速更快（14.3% vs -3.7%），PINTEREST, INC.自由现金流更多（$380.4M vs $32.0M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs -0.4%）
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。
Solventum是一家总部位于美国的医疗健康企业，于2024年4月1日正式从全球知名多元化工业集团3M分拆后独立运营，继承了原3M旗下医疗板块的技术积累与业务资源，面向全球市场提供专业医疗相关产品及服务。
PINS vs SOLV — 直观对比
营收规模更大
SOLV
是对方的1.5倍
$1.3B
营收增速更快
PINS
高出18.0%
-3.7%
净利率更高
PINS
高出17.8%
3.2%
自由现金流更多
PINS
多$348.4M
$32.0M
两年增速更快
PINS
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $277.1M | $63.0M |
| 毛利率 | 82.8% | 51.4% |
| 营业利润率 | 22.8% | 6.3% |
| 净利率 | 21.0% | 3.2% |
| 营收同比 | 14.3% | -3.7% |
| 净利润同比 | -85.0% | 103.2% |
| 每股收益（稀释后） | $0.41 | $0.37 |
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PINSSOLV
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $998.2M | $2.2B | ||
| Q1 25 | $855.0M | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $898.4M | $2.1B | ||
| Q2 24 | $853.7M | $2.1B | ||
| Q1 24 | $740.0M | $2.0B |
净利润PINSSOLV
| Q4 25 | $277.1M | $63.0M | ||
| Q3 25 | $92.1M | $1.3B | ||
| Q2 25 | $38.8M | $90.0M | ||
| Q1 25 | $8.9M | $137.0M | ||
| Q4 24 | $1.8B | $31.0M | ||
| Q3 24 | $30.6M | $122.0M | ||
| Q2 24 | $8.9M | $89.0M | ||
| Q1 24 | $-24.8M | $237.0M |
毛利率PINSSOLV
| Q4 25 | 82.8% | 51.4% | ||
| Q3 25 | 79.8% | 54.2% | ||
| Q2 25 | 79.7% | 54.4% | ||
| Q1 25 | 76.7% | 53.8% | ||
| Q4 24 | 82.9% | 53.9% | ||
| Q3 24 | 79.1% | 56.0% | ||
| Q2 24 | 78.3% | 54.6% | ||
| Q1 24 | 75.5% | 58.1% |
营业利润率PINSSOLV
| Q4 25 | 22.8% | 6.3% | ||
| Q3 25 | 5.6% | 80.6% | ||
| Q2 25 | -0.4% | 9.9% | ||
| Q1 25 | -4.1% | 7.3% | ||
| Q4 24 | 22.7% | 6.6% | ||
| Q3 24 | -0.7% | 13.2% | ||
| Q2 24 | -2.5% | 11.7% | ||
| Q1 24 | -7.4% | 18.9% |
净利率PINSSOLV
| Q4 25 | 21.0% | 3.2% | ||
| Q3 25 | 8.8% | 60.4% | ||
| Q2 25 | 3.9% | 4.2% | ||
| Q1 25 | 1.0% | 6.6% | ||
| Q4 24 | 160.1% | 1.5% | ||
| Q3 24 | 3.4% | 5.9% | ||
| Q2 24 | 1.0% | 4.3% | ||
| Q1 24 | -3.4% | 11.8% |
每股收益（稀释后）PINSSOLV
| Q4 25 | $0.41 | $0.37 | ||
| Q3 25 | $0.13 | $7.22 | ||
| Q2 25 | $0.06 | $0.51 | ||
| Q1 25 | $0.01 | $0.78 | ||
| Q4 24 | $2.66 | $0.18 | ||
| Q3 24 | $0.04 | $0.70 | ||
| Q2 24 | $0.01 | $0.51 | ||
| Q1 24 | $-0.04 | $1.37 |
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 | $878.0M |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $4.7B | $5.0B |
| 总资产 | $5.5B | $14.3B |
| 负债/权益比越低杠杆越低 | — | 1.00× |
8季度趋势，按日历期对齐
现金及短期投资PINSSOLV
| Q4 25 | $969.3M | $878.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $492.0M | ||
| Q1 25 | $1.3B | $534.0M | ||
| Q4 24 | $1.1B | $762.0M | ||
| Q3 24 | $1.0B | $772.0M | ||
| Q2 24 | $1.4B | $897.0M | ||
| Q1 24 | $1.6B | $996.0M |
总债务PINSSOLV
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | — | $8.3B |
股东权益PINSSOLV
| Q4 25 | $4.7B | $5.0B | ||
| Q3 25 | $4.8B | $5.0B | ||
| Q2 25 | $4.8B | $3.6B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.8B | $3.0B | ||
| Q3 24 | $2.9B | $3.2B | ||
| Q2 24 | $3.2B | $2.9B | ||
| Q1 24 | $3.1B | $3.9B |
总资产PINSSOLV
| Q4 25 | $5.5B | $14.3B | ||
| Q3 25 | $5.5B | $14.0B | ||
| Q2 25 | $5.4B | $15.1B | ||
| Q1 25 | $5.3B | $14.5B | ||
| Q4 24 | $5.3B | $14.5B | ||
| Q3 24 | $3.5B | $14.7B | ||
| Q2 24 | $3.7B | $14.6B | ||
| Q1 24 | $3.7B | $14.7B |
负债/权益比PINSSOLV
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 2.43× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 2.16× |
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 | $95.0M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $32.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 1.6% |
| 资本支出强度资本支出/营收 | 0.8% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $-10.0M |
8季度趋势，按日历期对齐
经营现金流PINSSOLV
| Q4 25 | $391.2M | $95.0M | ||
| Q3 25 | $321.7M | $76.0M | ||
| Q2 25 | $207.7M | $169.0M | ||
| Q1 25 | $363.7M | $29.0M | ||
| Q4 24 | $254.0M | $219.0M | ||
| Q3 24 | $248.0M | $169.0M | ||
| Q2 24 | $106.4M | $355.0M | ||
| Q1 24 | $356.1M | $442.0M |
自由现金流PINSSOLV
| Q4 25 | $380.4M | $32.0M | ||
| Q3 25 | $318.4M | $-21.0M | ||
| Q2 25 | $196.7M | $59.0M | ||
| Q1 25 | $356.4M | $-80.0M | ||
| Q4 24 | $250.2M | $92.0M | ||
| Q3 24 | $244.1M | $76.0M | ||
| Q2 24 | $101.6M | $297.0M | ||
| Q1 24 | $344.0M | $340.0M |
自由现金流率PINSSOLV
| Q4 25 | 28.8% | 1.6% | ||
| Q3 25 | 30.3% | -1.0% | ||
| Q2 25 | 19.7% | 2.7% | ||
| Q1 25 | 41.7% | -3.9% | ||
| Q4 24 | 21.7% | 4.4% | ||
| Q3 24 | 27.2% | 3.7% | ||
| Q2 24 | 11.9% | 14.3% | ||
| Q1 24 | 46.5% | 16.9% |
资本支出强度PINSSOLV
| Q4 25 | 0.8% | 3.2% | ||
| Q3 25 | 0.3% | 4.6% | ||
| Q2 25 | 1.1% | 5.1% | ||
| Q1 25 | 0.9% | 5.3% | ||
| Q4 24 | 0.3% | 6.1% | ||
| Q3 24 | 0.4% | 4.5% | ||
| Q2 24 | 0.6% | 2.8% | ||
| Q1 24 | 1.6% | 5.1% |
现金转化率PINSSOLV
| Q4 25 | 1.41× | 1.51× | ||
| Q3 25 | 3.49× | 0.06× | ||
| Q2 25 | 5.36× | 1.88× | ||
| Q1 25 | 40.77× | 0.21× | ||
| Q4 24 | 0.14× | 7.06× | ||
| Q3 24 | 8.12× | 1.39× | ||
| Q2 24 | 11.98× | 3.99× | ||
| Q1 24 | — | 1.86× |
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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
SOLV
| Infection Prevention And Surgical Solutions | $752.0M | 38% |
| Cost Of Software And Rentals | $508.0M | 25% |
| Health Information Systems Segment | $347.0M | 17% |
| Dental Solutions Segment | $343.0M | 17% |
| Related Party | $14.0M | 1% |
