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PINTEREST, INC.（PINS）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是Zoom Communications, Inc.的1.1倍（$1.3B vs $1.2B）。Zoom Communications, Inc.净利率更高（49.8% vs 21.0%，领先28.8%）。PINTEREST, INC.同比增速更快（14.3% vs 4.4%）。Zoom Communications, Inc.自由现金流更多（$614.3M vs $380.4M）。过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 3.6%）
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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
PINS vs ZM — 直观对比
营收规模更大
PINS
是对方的1.1倍
$1.2B
营收增速更快
PINS
高出9.9%
4.4%
净利率更高
ZM
高出28.8%
21.0%
自由现金流更多
ZM
多$233.9M
$380.4M
两年增速更快
PINS
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $277.1M | $612.9M |
| 毛利率 | 82.8% | 77.9% |
| 营业利润率 | 22.8% | 25.2% |
| 净利率 | 21.0% | 49.8% |
| 营收同比 | 14.3% | 4.4% |
| 净利润同比 | -85.0% | 196.0% |
| 每股收益（稀释后） | $0.41 | $2.01 |
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PINSZM
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $998.2M | $1.2B | ||
| Q1 25 | $855.0M | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $898.4M | $1.2B | ||
| Q2 24 | $853.7M | $1.1B | ||
| Q1 24 | $740.0M | $1.1B |
净利润PINSZM
| Q4 25 | $277.1M | $612.9M | ||
| Q3 25 | $92.1M | $358.6M | ||
| Q2 25 | $38.8M | $254.6M | ||
| Q1 25 | $8.9M | $367.9M | ||
| Q4 24 | $1.8B | $207.1M | ||
| Q3 24 | $30.6M | $219.0M | ||
| Q2 24 | $8.9M | $216.3M | ||
| Q1 24 | $-24.8M | $298.8M |
毛利率PINSZM
| Q4 25 | 82.8% | 77.9% | ||
| Q3 25 | 79.8% | 77.6% | ||
| Q2 25 | 79.7% | 76.3% | ||
| Q1 25 | 76.7% | 75.7% | ||
| Q4 24 | 82.9% | 75.9% | ||
| Q3 24 | 79.1% | 75.5% | ||
| Q2 24 | 78.3% | 76.1% | ||
| Q1 24 | 75.5% | 75.9% |
营业利润率PINSZM
| Q4 25 | 22.8% | 25.2% | ||
| Q3 25 | 5.6% | 26.4% | ||
| Q2 25 | -0.4% | 20.6% | ||
| Q1 25 | -4.1% | 19.0% | ||
| Q4 24 | 22.7% | 15.5% | ||
| Q3 24 | -0.7% | 17.4% | ||
| Q2 24 | -2.5% | 17.8% | ||
| Q1 24 | -7.4% | 14.7% |
净利率PINSZM
| Q4 25 | 21.0% | 49.8% | ||
| Q3 25 | 8.8% | 29.5% | ||
| Q2 25 | 3.9% | 21.7% | ||
| Q1 25 | 1.0% | 31.1% | ||
| Q4 24 | 160.1% | 17.6% | ||
| Q3 24 | 3.4% | 18.8% | ||
| Q2 24 | 1.0% | 19.0% | ||
| Q1 24 | -3.4% | 26.1% |
每股收益（稀释后）PINSZM
| Q4 25 | $0.41 | $2.01 | ||
| Q3 25 | $0.13 | $1.16 | ||
| Q2 25 | $0.06 | $0.81 | ||
| Q1 25 | $0.01 | $1.16 | ||
| Q4 24 | $2.66 | $0.66 | ||
| Q3 24 | $0.04 | $0.70 | ||
| Q2 24 | $0.01 | $0.69 | ||
| Q1 24 | $-0.04 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $9.3B |
| 总资产 | $5.5B | $11.4B |
| 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PINSZM
| Q4 25 | $969.3M | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.6B | $1.6B |
股东权益PINSZM
| Q4 25 | $4.7B | $9.3B | ||
| Q3 25 | $4.8B | $9.0B | ||
| Q2 25 | $4.8B | $8.9B | ||
| Q1 25 | $4.7B | $8.9B | ||
| Q4 24 | $4.8B | $8.7B | ||
| Q3 24 | $2.9B | $8.5B | ||
| Q2 24 | $3.2B | $8.3B | ||
| Q1 24 | $3.1B | $8.0B |
总资产PINSZM
| Q4 25 | $5.5B | $11.4B | ||
| Q3 25 | $5.5B | $11.0B | ||
| Q2 25 | $5.4B | $11.0B | ||
| Q1 25 | $5.3B | $11.0B | ||
| Q4 24 | $5.3B | $10.7B | ||
| Q3 24 | $3.5B | $10.5B | ||
| Q2 24 | $3.7B | $10.3B | ||
| Q1 24 | $3.7B | $9.9B |
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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $614.3M |
| 自由现金流率自由现金流/营收 | 28.8% | 50.0% |
| 资本支出强度资本支出/营收 | 0.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.03× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $2.0B |
8季度趋势，按日历期对齐
经营现金流PINSZM
| Q4 25 | $391.2M | $629.3M | ||
| Q3 25 | $321.7M | $515.9M | ||
| Q2 25 | $207.7M | $489.3M | ||
| Q1 25 | $363.7M | $424.6M | ||
| Q4 24 | $254.0M | $483.2M | ||
| Q3 24 | $248.0M | $449.3M | ||
| Q2 24 | $106.4M | $588.2M | ||
| Q1 24 | $356.1M | $351.2M |
自由现金流PINSZM
| Q4 25 | $380.4M | $614.3M | ||
| Q3 25 | $318.4M | $508.0M | ||
| Q2 25 | $196.7M | $463.4M | ||
| Q1 25 | $356.4M | $416.2M | ||
| Q4 24 | $250.2M | $457.7M | ||
| Q3 24 | $244.1M | $365.1M | ||
| Q2 24 | $101.6M | $569.7M | ||
| Q1 24 | $344.0M | $332.7M |
自由现金流率PINSZM
| Q4 25 | 28.8% | 50.0% | ||
| Q3 25 | 30.3% | 41.7% | ||
| Q2 25 | 19.7% | 39.4% | ||
| Q1 25 | 41.7% | 35.2% | ||
| Q4 24 | 21.7% | 38.9% | ||
| Q3 24 | 27.2% | 31.4% | ||
| Q2 24 | 11.9% | 49.9% | ||
| Q1 24 | 46.5% | 29.0% |
资本支出强度PINSZM
| Q4 25 | 0.8% | 1.2% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 0.9% | 0.7% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.4% | 7.2% | ||
| Q2 24 | 0.6% | 1.6% | ||
| Q1 24 | 1.6% | 1.6% |
现金转化率PINSZM
| Q4 25 | 1.41× | 1.03× | ||
| Q3 25 | 3.49× | 1.44× | ||
| Q2 25 | 5.36× | 1.92× | ||
| Q1 25 | 40.77× | 1.15× | ||
| Q4 24 | 0.14× | 2.33× | ||
| Q3 24 | 8.12× | 2.05× | ||
| Q2 24 | 11.98× | 2.72× | ||
| Q1 24 | — | 1.18× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
