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PTC Inc.（PTC）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是PTC Inc.的1.8倍（$1.2B vs $685.8M）。PTC Inc.净利率更高（24.3% vs -24.2%，领先48.5%）。Snowflake Inc.同比增速更快（28.7% vs 21.4%）。PTC Inc.自由现金流更多（$267.4M vs $113.6M）。过去两年Snowflake Inc.的营收复合增速更高（25.1% vs 6.6%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
PTC vs SNOW — 直观对比
营收规模更大
SNOW
是对方的1.8倍
$685.8M
营收增速更快
SNOW
高出7.4%
21.4%
净利率更高
PTC
高出48.5%
-24.2%
自由现金流更多
PTC
多$153.8M
$113.6M
两年增速更快
SNOW
近两年复合增速
6.6%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $1.2B |
| 净利润 | $166.5M | $-294.0M |
| 毛利率 | 82.8% | 67.8% |
| 营业利润率 | 32.2% | -27.2% |
| 净利率 | 24.3% | -24.2% |
| 营收同比 | 21.4% | 28.7% |
| 净利润同比 | 102.5% | 9.4% |
| 每股收益（稀释后） | $1.39 | $-0.87 |
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PTCSNOW
| Q4 25 | $685.8M | $1.2B | ||
| Q3 25 | $893.8M | $1.1B | ||
| Q2 25 | $643.9M | $1.0B | ||
| Q1 25 | $636.4M | $986.8M | ||
| Q4 24 | $565.1M | $942.1M | ||
| Q3 24 | $626.5M | $868.8M | ||
| Q2 24 | $518.6M | $828.7M | ||
| Q1 24 | $603.1M | $774.7M |
净利润PTCSNOW
| Q4 25 | $166.5M | $-294.0M | ||
| Q3 25 | $347.8M | $-298.0M | ||
| Q2 25 | $141.3M | $-430.1M | ||
| Q1 25 | $162.6M | $-327.5M | ||
| Q4 24 | $82.2M | $-324.3M | ||
| Q3 24 | $126.5M | $-316.9M | ||
| Q2 24 | $69.0M | $-317.0M | ||
| Q1 24 | $114.4M | $-169.4M |
毛利率PTCSNOW
| Q4 25 | 82.8% | 67.8% | ||
| Q3 25 | 86.9% | 67.5% | ||
| Q2 25 | 82.9% | 66.5% | ||
| Q1 25 | 83.3% | 66.2% | ||
| Q4 24 | 80.2% | 65.9% | ||
| Q3 24 | 82.0% | 66.8% | ||
| Q2 24 | 78.4% | 67.1% | ||
| Q1 24 | 81.8% | 68.8% |
营业利润率PTCSNOW
| Q4 25 | 32.2% | -27.2% | ||
| Q3 25 | 48.5% | -29.7% | ||
| Q2 25 | 32.6% | -42.9% | ||
| Q1 25 | 35.1% | -39.2% | ||
| Q4 24 | 20.4% | -38.8% | ||
| Q3 24 | 31.0% | -40.9% | ||
| Q2 24 | 18.5% | -42.1% | ||
| Q1 24 | 29.8% | -35.6% |
净利率PTCSNOW
| Q4 25 | 24.3% | -24.2% | ||
| Q3 25 | 38.9% | -26.0% | ||
| Q2 25 | 21.9% | -41.3% | ||
| Q1 25 | 25.6% | -33.2% | ||
| Q4 24 | 14.6% | -34.4% | ||
| Q3 24 | 20.2% | -36.5% | ||
| Q2 24 | 13.3% | -38.3% | ||
| Q1 24 | 19.0% | -21.9% |
每股收益（稀释后）PTCSNOW
| Q4 25 | $1.39 | $-0.87 | ||
| Q3 25 | $2.88 | $-0.89 | ||
| Q2 25 | $1.17 | $-1.29 | ||
| Q1 25 | $1.35 | $-0.98 | ||
| Q4 24 | $0.68 | $-0.98 | ||
| Q3 24 | $1.05 | $-0.95 | ||
| Q2 24 | $0.57 | $-0.95 | ||
| Q1 24 | $0.95 | $-0.51 |
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 | $209.7M | $1.9B |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $3.8B | $2.1B |
| 总资产 | $6.4B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资PTCSNOW
| Q4 25 | $209.7M | $1.9B | ||
| Q3 25 | $184.4M | $1.9B | ||
| Q2 25 | $199.3M | $2.2B | ||
| Q1 25 | $235.2M | $2.6B | ||
| Q4 24 | $196.3M | $2.1B | ||
| Q3 24 | $265.8M | $1.3B | ||
| Q2 24 | $247.7M | $1.3B | ||
| Q1 24 | $249.0M | $1.8B |
总债务PTCSNOW
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | — |
股东权益PTCSNOW
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $3.8B | $2.4B | ||
| Q2 25 | $3.5B | $2.4B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.2B | $4.1B | ||
| Q2 24 | $3.0B | $4.6B | ||
| Q1 24 | $2.9B | $5.2B |
总资产PTCSNOW
| Q4 25 | $6.4B | $8.2B | ||
| Q3 25 | $6.6B | $8.2B | ||
| Q2 25 | $6.2B | $8.2B | ||
| Q1 25 | $6.2B | $9.0B | ||
| Q4 24 | $6.1B | $8.2B | ||
| Q3 24 | $6.4B | $6.9B | ||
| Q2 24 | $6.1B | $7.3B | ||
| Q1 24 | $6.2B | $8.2B |
负债/权益比PTCSNOW
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 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 | $269.7M | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $113.6M |
| 自由现金流率自由现金流/营收 | 39.0% | 9.4% |
| 资本支出强度资本支出/营收 | 0.3% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.62× | — |
| 过去12个月自由现金流最近4个季度 | $888.4M | $776.7M |
8季度趋势，按日历期对齐
经营现金流PTCSNOW
| Q4 25 | $269.7M | $137.5M | ||
| Q3 25 | $104.0M | $74.9M | ||
| Q2 25 | $243.9M | $228.4M | ||
| Q1 25 | $281.3M | $432.7M | ||
| Q4 24 | $238.4M | $101.7M | ||
| Q3 24 | $98.1M | $69.9M | ||
| Q2 24 | $213.8M | $355.5M | ||
| Q1 24 | $250.7M | $344.6M |
自由现金流PTCSNOW
| Q4 25 | $267.4M | $113.6M | ||
| Q3 25 | $100.5M | $58.2M | ||
| Q2 25 | $242.0M | $183.4M | ||
| Q1 25 | $278.5M | $421.4M | ||
| Q4 24 | $235.7M | $88.3M | ||
| Q3 24 | $93.6M | $64.8M | ||
| Q2 24 | $212.2M | $338.9M | ||
| Q1 24 | $247.1M | $331.5M |
自由现金流率PTCSNOW
| Q4 25 | 39.0% | 9.4% | ||
| Q3 25 | 11.2% | 5.1% | ||
| Q2 25 | 37.6% | 17.6% | ||
| Q1 25 | 43.8% | 42.7% | ||
| Q4 24 | 41.7% | 9.4% | ||
| Q3 24 | 14.9% | 7.5% | ||
| Q2 24 | 40.9% | 40.9% | ||
| Q1 24 | 41.0% | 42.8% |
资本支出强度PTCSNOW
| Q4 25 | 0.3% | 2.0% | ||
| Q3 25 | 0.4% | 1.5% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 0.6% | 1.7% |
现金转化率PTCSNOW
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 3.10× | — | ||
| Q1 24 | 2.19× | — |
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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
