vs
滨特尔（PNR）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是滨特尔的1.6倍（$1.6B vs $1.0B），滨特尔净利率更高（16.6% vs 6.2%，领先10.4%），Toast, Inc.同比增速更快（22.0% vs 2.6%），Toast, Inc.自由现金流更多（$178.0M vs $-85.7M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs -2.9%）
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
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。
PNR vs TOST — 直观对比
营收规模更大
TOST
是对方的1.6倍
$1.0B
营收增速更快
TOST
高出19.4%
2.6%
净利率更高
PNR
高出10.4%
6.2%
自由现金流更多
TOST
多$263.7M
$-85.7M
两年增速更快
TOST
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.6B |
| 净利润 | $172.4M | $101.0M |
| 毛利率 | 41.8% | 25.9% |
| 营业利润率 | 20.3% | 5.2% |
| 净利率 | 16.6% | 6.2% |
| 营收同比 | 2.6% | 22.0% |
| 净利润同比 | 11.3% | 215.6% |
| 每股收益（稀释后） | — | $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PNRTOST
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $972.9M | $1.3B | ||
| Q3 24 | $993.4M | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
净利润PNRTOST
| Q1 26 | $172.4M | — | ||
| Q4 25 | $166.1M | $101.0M | ||
| Q3 25 | $184.3M | $105.0M | ||
| Q2 25 | $148.5M | $80.0M | ||
| Q1 25 | $154.9M | $56.0M | ||
| Q4 24 | $166.4M | $32.0M | ||
| Q3 24 | $139.6M | $56.0M | ||
| Q2 24 | $186.1M | $14.0M |
毛利率PNRTOST
| Q1 26 | 41.8% | — | ||
| Q4 25 | 40.4% | 25.9% | ||
| Q3 25 | 41.0% | 26.5% | ||
| Q2 25 | 40.7% | 25.3% | ||
| Q1 25 | 39.9% | 25.9% | ||
| Q4 24 | 38.8% | 24.9% | ||
| Q3 24 | 39.6% | 24.7% | ||
| Q2 24 | 39.8% | 23.0% |
营业利润率PNRTOST
| Q1 26 | 20.3% | — | ||
| Q4 25 | 20.1% | 5.2% | ||
| Q3 25 | 22.7% | 5.1% | ||
| Q2 25 | 19.4% | 5.2% | ||
| Q1 25 | 20.1% | 3.2% | ||
| Q4 24 | 20.1% | 2.5% | ||
| Q3 24 | 18.1% | 2.6% | ||
| Q2 24 | 22.6% | 0.4% |
净利率PNRTOST
| Q1 26 | 16.6% | — | ||
| Q4 25 | 16.3% | 6.2% | ||
| Q3 25 | 18.0% | 6.4% | ||
| Q2 25 | 13.2% | 5.2% | ||
| Q1 25 | 15.3% | 4.2% | ||
| Q4 24 | 17.1% | 2.4% | ||
| Q3 24 | 14.1% | 4.3% | ||
| Q2 24 | 16.9% | 1.1% |
每股收益（稀释后）PNRTOST
| Q1 26 | — | — | ||
| Q4 25 | $1.01 | $0.18 | ||
| Q3 25 | $1.12 | $0.16 | ||
| Q2 25 | $0.90 | $0.13 | ||
| Q1 25 | $0.93 | $0.09 | ||
| Q4 24 | $0.99 | $0.09 | ||
| Q3 24 | $0.84 | $0.07 | ||
| Q2 24 | $1.11 | $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 | $67.7M | $1.4B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $3.8B | $2.1B |
| 总资产 | $7.1B | $3.1B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资PNRTOST
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $128.4M | $1.4B | ||
| Q2 25 | $143.0M | $1.2B | ||
| Q1 25 | $140.6M | $1.0B | ||
| Q4 24 | $118.7M | $903.0M | ||
| Q3 24 | $218.1M | $761.0M | ||
| Q2 24 | $214.3M | $691.0M |
总债务PNRTOST
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
股东权益PNRTOST
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $3.8B | $2.0B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.6B | $1.7B | ||
| Q4 24 | $3.6B | $1.5B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.4B | $1.3B |
总资产PNRTOST
| Q1 26 | $7.1B | — | ||
| Q4 25 | $6.9B | $3.1B | ||
| Q3 25 | $6.8B | $3.0B | ||
| Q2 25 | $6.5B | $2.8B | ||
| Q1 25 | $6.7B | $2.6B | ||
| Q4 24 | $6.4B | $2.4B | ||
| Q3 24 | $6.5B | $2.2B | ||
| Q2 24 | $6.5B | $2.2B |
负债/权益比PNRTOST
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.51× | — |
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 | $-85.7M | $178.0M |
| 自由现金流率自由现金流/营收 | -8.3% | 10.9% |
| 资本支出强度资本支出/营收 | 1.8% | 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 | $716.0M | $608.0M |
8季度趋势，按日历期对齐
经营现金流PNRTOST
| Q1 26 | — | — | ||
| Q4 25 | $50.8M | $194.0M | ||
| Q3 25 | $196.3M | $165.0M | ||
| Q2 25 | $606.6M | $223.0M | ||
| Q1 25 | $-38.9M | $79.0M | ||
| Q4 24 | $86.5M | $147.0M | ||
| Q3 24 | $248.6M | $109.0M | ||
| Q2 24 | $539.2M | $124.0M |
自由现金流PNRTOST
| Q1 26 | $-85.7M | — | ||
| Q4 25 | $27.1M | $178.0M | ||
| Q3 25 | $178.9M | $153.0M | ||
| Q2 25 | $595.7M | $208.0M | ||
| Q1 25 | $-55.7M | $69.0M | ||
| Q4 24 | $63.8M | $134.0M | ||
| Q3 24 | $233.2M | $97.0M | ||
| Q2 24 | $522.2M | $108.0M |
自由现金流率PNRTOST
| Q1 26 | -8.3% | — | ||
| Q4 25 | 2.7% | 10.9% | ||
| Q3 25 | 17.5% | 9.4% | ||
| Q2 25 | 53.0% | 13.4% | ||
| Q1 25 | -5.5% | 5.2% | ||
| Q4 24 | 6.6% | 10.0% | ||
| Q3 24 | 23.5% | 7.4% | ||
| Q2 24 | 47.5% | 8.7% |
资本支出强度PNRTOST
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.3% | 1.0% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.7% | 0.7% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.5% | 1.3% |
现金转化率PNRTOST
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 1.92× | ||
| Q3 25 | 1.07× | 1.57× | ||
| Q2 25 | 4.08× | 2.79× | ||
| Q1 25 | -0.25× | 1.41× | ||
| Q4 24 | 0.52× | 4.59× | ||
| Q3 24 | 1.78× | 1.95× | ||
| Q2 24 | 2.90× | 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
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
