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Q2 Holdings, Inc.（QTWO）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
Q2 Holdings, Inc.的季度营收约是STURM RUGER & CO INC的1.4倍（$216.5M vs $151.1M），Q2 Holdings, Inc.同比增速更快（14.1% vs 3.6%），Q2 Holdings, Inc.自由现金流更多（$44.2M vs $12.3M），过去两年Q2 Holdings, Inc.的营收复合增速更高（11.9% vs 5.1%）
Q2 Holdings是一家全球金融科技企业，主要开发云原生数字银行平台及解决方案，服务地区性银行、社区银行、信用合作社等金融机构，帮助其为个人及企业客户提供安全便捷的线上、移动端银行服务，核心市场覆盖北美。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
QTWO vs RGR — 直观对比
营收规模更大
QTWO
是对方的1.4倍
$151.1M
营收增速更快
QTWO
高出10.5%
3.6%
自由现金流更多
QTWO
多$31.9M
$12.3M
两年增速更快
QTWO
近两年复合增速
5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $216.5M | $151.1M |
| 净利润 | $26.6M | — |
| 毛利率 | 59.1% | 17.8% |
| 营业利润率 | 12.8% | 2.3% |
| 净利率 | 12.3% | — |
| 营收同比 | 14.1% | 3.6% |
| 净利润同比 | 460.5% | — |
| 每股收益（稀释后） | $0.40 | $0.22 |
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QTWORGR
| Q1 26 | $216.5M | — | ||
| Q4 25 | $208.2M | $151.1M | ||
| Q3 25 | $201.7M | $126.8M | ||
| Q2 25 | $195.1M | $132.5M | ||
| Q1 25 | $189.7M | $135.7M | ||
| Q4 24 | $183.0M | $145.8M | ||
| Q3 24 | $175.0M | $122.3M | ||
| Q2 24 | $172.9M | $130.8M |
净利润QTWORGR
| Q1 26 | $26.6M | — | ||
| Q4 25 | $20.4M | — | ||
| Q3 25 | $15.0M | $1.6M | ||
| Q2 25 | $11.8M | $-17.2M | ||
| Q1 25 | $4.8M | $7.8M | ||
| Q4 24 | $164.0K | — | ||
| Q3 24 | $-11.8M | $4.7M | ||
| Q2 24 | $-13.1M | $8.3M |
毛利率QTWORGR
| Q1 26 | 59.1% | — | ||
| Q4 25 | 55.4% | 17.8% | ||
| Q3 25 | 54.0% | 15.1% | ||
| Q2 25 | 53.6% | 3.9% | ||
| Q1 25 | 53.2% | 22.0% | ||
| Q4 24 | 52.6% | 22.8% | ||
| Q3 24 | 50.9% | 18.5% | ||
| Q2 24 | 50.2% | 22.3% |
营业利润率QTWORGR
| Q1 26 | 12.8% | — | ||
| Q4 25 | 8.1% | 2.3% | ||
| Q3 25 | 5.5% | -2.7% | ||
| Q2 25 | 5.0% | -15.6% | ||
| Q1 25 | 1.2% | 6.2% | ||
| Q4 24 | -0.9% | 7.8% | ||
| Q3 24 | -7.3% | 3.1% | ||
| Q2 24 | -7.9% | 6.9% |
净利率QTWORGR
| Q1 26 | 12.3% | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 7.5% | 1.2% | ||
| Q2 25 | 6.0% | -13.0% | ||
| Q1 25 | 2.5% | 5.7% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | -6.7% | 3.9% | ||
| Q2 24 | -7.6% | 6.3% |
每股收益（稀释后）QTWORGR
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.32 | $0.22 | ||
| Q3 25 | $0.23 | $0.10 | ||
| Q2 25 | $0.18 | $-1.05 | ||
| Q1 25 | $0.07 | $0.46 | ||
| Q4 24 | $0.01 | $0.62 | ||
| Q3 24 | $-0.20 | $0.28 | ||
| Q2 24 | $-0.22 | $0.47 |
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 | $342.3M | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $611.7M | $283.8M |
| 总资产 | $1.2B | $342.0M |
| 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QTWORGR
| Q1 26 | $342.3M | — | ||
| Q4 25 | $432.7M | $92.5M | ||
| Q3 25 | $568.7M | $80.8M | ||
| Q2 25 | $532.1M | $101.4M | ||
| Q1 25 | $486.0M | $108.3M | ||
| Q4 24 | $446.6M | $105.5M | ||
| Q3 24 | $407.9M | $96.0M | ||
| Q2 24 | $372.1M | $105.6M |
股东权益QTWORGR
| Q1 26 | $611.7M | — | ||
| Q4 25 | $661.8M | $283.8M | ||
| Q3 25 | $622.9M | $279.6M | ||
| Q2 25 | $584.3M | $289.3M | ||
| Q1 25 | $545.5M | $321.5M | ||
| Q4 24 | $517.8M | $319.6M | ||
| Q3 24 | $495.1M | $314.9M | ||
| Q2 24 | $480.7M | $321.5M |
总资产QTWORGR
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $342.0M | ||
| Q3 25 | $1.4B | $342.3M | ||
| Q2 25 | $1.4B | $349.5M | ||
| Q1 25 | $1.3B | $379.0M | ||
| Q4 24 | $1.3B | $384.0M | ||
| Q3 24 | $1.3B | $373.5M | ||
| Q2 24 | $1.2B | $376.7M |
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 | $56.3M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $44.2M | $12.3M |
| 自由现金流率自由现金流/营收 | 20.4% | 8.2% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 2.11× | — |
| 过去12个月自由现金流最近4个季度 | $196.1M | $38.5M |
8季度趋势，按日历期对齐
经营现金流QTWORGR
| Q1 26 | $56.3M | — | ||
| Q4 25 | $63.7M | $15.5M | ||
| Q3 25 | $45.6M | $12.9M | ||
| Q2 25 | $48.6M | $14.7M | ||
| Q1 25 | $43.5M | $11.1M | ||
| Q4 24 | $43.0M | $20.0M | ||
| Q3 24 | $43.3M | $9.4M | ||
| Q2 24 | $36.0M | $18.7M |
自由现金流QTWORGR
| Q1 26 | $44.2M | — | ||
| Q4 25 | $61.7M | $12.3M | ||
| Q3 25 | $42.9M | $7.0M | ||
| Q2 25 | $47.3M | $9.1M | ||
| Q1 25 | $42.7M | $10.0M | ||
| Q4 24 | $41.6M | $16.4M | ||
| Q3 24 | $40.9M | $2.6M | ||
| Q2 24 | $34.6M | $10.1M |
自由现金流率QTWORGR
| Q1 26 | 20.4% | — | ||
| Q4 25 | 29.6% | 8.2% | ||
| Q3 25 | 21.3% | 5.5% | ||
| Q2 25 | 24.3% | 6.9% | ||
| Q1 25 | 22.5% | 7.4% | ||
| Q4 24 | 22.7% | 11.2% | ||
| Q3 24 | 23.3% | 2.1% | ||
| Q2 24 | 20.0% | 7.7% |
资本支出强度QTWORGR
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 2.1% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 0.7% | 4.2% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.8% | 2.5% | ||
| Q3 24 | 1.4% | 5.5% | ||
| Q2 24 | 0.8% | 6.6% |
现金转化率QTWORGR
| Q1 26 | 2.11× | — | ||
| Q4 25 | 3.12× | — | ||
| Q3 25 | 3.03× | 8.15× | ||
| Q2 25 | 4.13× | — | ||
| Q1 25 | 9.16× | 1.43× | ||
| Q4 24 | 262.41× | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× |
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
QTWO
| Subscription | $179.9M | 83% |
| Services and Other | $18.8M | 9% |
| Transactional | $17.8M | 8% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
