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Purple Innovation, Inc.（PRPL）与SPS COMMERCE INC（SPSC）财务数据对比。点击上方公司名可切换其他公司
SPS COMMERCE INC的季度营收约是Purple Innovation, Inc.的1.4倍（$192.7M vs $140.7M），SPS COMMERCE INC净利率更高（13.4% vs -2.3%，领先15.7%），SPS COMMERCE INC同比增速更快（12.7% vs 9.1%），SPS COMMERCE INC自由现金流更多（$38.2M vs $-7.8M），过去两年SPS COMMERCE INC的营收复合增速更高（13.5% vs 8.3%）
Purple Carrot是一家总部位于马萨诸塞州尼达姆市的全植物性餐包品牌，由安迪·莱维特创立，每周为订阅用户提供预制餐品和自制餐包。据《大都会》2022年报道，对比美式标准餐食，该品牌每份餐包的碳排放量可降低72%，主打低碳环保的纯植物饮食方案。
SPS Commerce是美国的应用软件科技企业，主打云端供应链管理软件解决方案，总部位于明尼苏达州明尼阿波利斯。除新泽西的美国本土办公室外，公司还在阿姆斯特丹、北京、香港、墨尔本、悉尼、多伦多等全球多地设有分支机构。
PRPL vs SPSC — 直观对比
营收规模更大
SPSC
是对方的1.4倍
$140.7M
营收增速更快
SPSC
高出3.6%
9.1%
净利率更高
SPSC
高出15.7%
-2.3%
自由现金流更多
SPSC
多$46.0M
$-7.8M
两年增速更快
SPSC
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $140.7M | $192.7M |
| 净利润 | $-3.2M | $25.8M |
| 毛利率 | 41.9% | 70.4% |
| 营业利润率 | -1.6% | 18.0% |
| 净利率 | -2.3% | 13.4% |
| 营收同比 | 9.1% | 12.7% |
| 净利润同比 | 62.1% | 47.2% |
| 每股收益（稀释后） | $0.03 | $0.69 |
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PRPLSPSC
| Q4 25 | $140.7M | $192.7M | ||
| Q3 25 | $118.8M | $189.9M | ||
| Q2 25 | $105.1M | $187.4M | ||
| Q1 25 | $104.2M | $181.5M | ||
| Q4 24 | $129.0M | $170.9M | ||
| Q3 24 | $118.6M | $163.7M | ||
| Q2 24 | $120.3M | $153.6M | ||
| Q1 24 | $120.0M | $149.6M |
净利润PRPLSPSC
| Q4 25 | $-3.2M | $25.8M | ||
| Q3 25 | $-11.7M | $25.6M | ||
| Q2 25 | $-17.3M | $19.7M | ||
| Q1 25 | $-19.1M | $22.2M | ||
| Q4 24 | $-8.5M | $17.6M | ||
| Q3 24 | $-39.2M | $23.5M | ||
| Q2 24 | $27.0K | $18.0M | ||
| Q1 24 | $-50.2M | $18.0M |
毛利率PRPLSPSC
| Q4 25 | 41.9% | 70.4% | ||
| Q3 25 | 42.8% | 69.5% | ||
| Q2 25 | 35.9% | 68.1% | ||
| Q1 25 | 39.4% | 68.7% | ||
| Q4 24 | 42.9% | 67.5% | ||
| Q3 24 | 29.7% | 68.5% | ||
| Q2 24 | 40.7% | 66.1% | ||
| Q1 24 | 34.8% | 65.6% |
营业利润率PRPLSPSC
| Q4 25 | -1.6% | 18.0% | ||
| Q3 25 | -10.2% | 16.4% | ||
| Q2 25 | -13.5% | 14.1% | ||
| Q1 25 | -13.9% | 14.3% | ||
| Q4 24 | -6.0% | 14.5% | ||
| Q3 24 | -39.5% | 15.6% | ||
| Q2 24 | -12.1% | 15.1% | ||
| Q1 24 | -19.3% | 10.3% |
净利率PRPLSPSC
| Q4 25 | -2.3% | 13.4% | ||
| Q3 25 | -9.9% | 13.5% | ||
| Q2 25 | -16.5% | 10.5% | ||
| Q1 25 | -18.4% | 12.2% | ||
| Q4 24 | -6.6% | 10.3% | ||
| Q3 24 | -33.1% | 14.3% | ||
| Q2 24 | 0.0% | 11.7% | ||
| Q1 24 | -41.8% | 12.0% |
每股收益（稀释后）PRPLSPSC
| Q4 25 | $0.03 | $0.69 | ||
| Q3 25 | $0.11 | $0.67 | ||
| Q2 25 | $0.16 | $0.52 | ||
| Q1 25 | $0.18 | $0.58 | ||
| Q4 24 | $0.08 | $0.46 | ||
| Q3 24 | $0.36 | $0.62 | ||
| Q2 24 | $0.00 | $0.48 | ||
| Q1 24 | $0.47 | $0.48 |
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 | $24.3M | $151.4M |
| 总债务越低越好 | $126.7M | — |
| 股东权益账面价值 | $-29.7M | $973.9M |
| 总资产 | $296.3M | $1.2B |
| 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PRPLSPSC
| Q4 25 | $24.3M | $151.4M | ||
| Q3 25 | $32.4M | $133.7M | ||
| Q2 25 | $34.2M | $107.6M | ||
| Q1 25 | $21.6M | $94.9M | ||
| Q4 24 | $29.0M | $241.0M | ||
| Q3 24 | $23.4M | $205.8M | ||
| Q2 24 | $23.4M | $271.8M | ||
| Q1 24 | $34.5M | $290.8M |
总债务PRPLSPSC
| Q4 25 | $126.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $70.7M | — | ||
| Q3 24 | $50.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PRPLSPSC
| Q4 25 | $-29.7M | $973.9M | ||
| Q3 25 | $-26.9M | $958.9M | ||
| Q2 25 | $-15.6M | $949.8M | ||
| Q1 25 | $1.3M | $920.9M | ||
| Q4 24 | $20.2M | $854.7M | ||
| Q3 24 | $28.0M | $829.4M | ||
| Q2 24 | $66.4M | $703.4M | ||
| Q1 24 | $65.5M | $683.0M |
总资产PRPLSPSC
| Q4 25 | $296.3M | $1.2B | ||
| Q3 25 | $302.1M | $1.2B | ||
| Q2 25 | $303.8M | $1.1B | ||
| Q1 25 | $293.8M | $1.1B | ||
| Q4 24 | $307.8M | $1.0B | ||
| Q3 24 | $309.3M | $1.0B | ||
| Q2 24 | $362.1M | $854.5M | ||
| Q1 24 | $382.1M | $839.8M |
负债/权益比PRPLSPSC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M | $45.9M |
| 自由现金流经营现金流 - 资本支出 | $-7.8M | $38.2M |
| 自由现金流率自由现金流/营收 | -5.5% | 19.8% |
| 资本支出强度资本支出/营收 | 1.4% | 4.0% |
| 现金转化率经营现金流/净利润 | — | 1.78× |
| 过去12个月自由现金流最近4个季度 | $-41.9M | $152.3M |
8季度趋势，按日历期对齐
经营现金流PRPLSPSC
| Q4 25 | $-5.8M | $45.9M | ||
| Q3 25 | $-968.0K | $60.6M | ||
| Q2 25 | $-4.0M | $32.3M | ||
| Q1 25 | $-23.1M | $40.0M | ||
| Q4 24 | $6.8M | $40.6M | ||
| Q3 24 | $1.1M | $53.3M | ||
| Q2 24 | $-8.9M | $29.4M | ||
| Q1 24 | $-16.8M | $34.1M |
自由现金流PRPLSPSC
| Q4 25 | $-7.8M | $38.2M | ||
| Q3 25 | $-1.8M | $54.6M | ||
| Q2 25 | $-7.0M | $25.7M | ||
| Q1 25 | $-25.3M | $33.8M | ||
| Q4 24 | $5.7M | $34.3M | ||
| Q3 24 | $101.0K | $48.1M | ||
| Q2 24 | $-11.0M | $24.4M | ||
| Q1 24 | $-19.9M | $30.5M |
自由现金流率PRPLSPSC
| Q4 25 | -5.5% | 19.8% | ||
| Q3 25 | -1.5% | 28.7% | ||
| Q2 25 | -6.6% | 13.7% | ||
| Q1 25 | -24.3% | 18.6% | ||
| Q4 24 | 4.4% | 20.1% | ||
| Q3 24 | 0.1% | 29.4% | ||
| Q2 24 | -9.2% | 15.9% | ||
| Q1 24 | -16.5% | 20.4% |
资本支出强度PRPLSPSC
| Q4 25 | 1.4% | 4.0% | ||
| Q3 25 | 0.7% | 3.2% | ||
| Q2 25 | 2.8% | 3.6% | ||
| Q1 25 | 2.2% | 3.4% | ||
| Q4 24 | 0.8% | 3.6% | ||
| Q3 24 | 0.9% | 3.2% | ||
| Q2 24 | 1.7% | 3.3% | ||
| Q1 24 | 2.5% | 2.4% |
现金转化率PRPLSPSC
| Q4 25 | — | 1.78× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | — | 1.64× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | -330.22× | 1.63× | ||
| Q1 24 | — | 1.89× |
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
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
SPSC
| Recurring Revenues | $184.5M | 96% |
| One Time Revenues | $8.1M | 4% |
| Set Up Fees | $4.1M | 2% |
