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Reddit, Inc.（RDDT）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Reddit, Inc.的2.3倍（$1.6B vs $725.6M）。Reddit, Inc.净利率更高（34.7% vs 6.2%，领先28.5%）。Reddit, Inc.同比增速更快（69.7% vs 22.0%）。Reddit, Inc.自由现金流更多（$263.6M vs $178.0M）。过去两年Reddit, Inc.的营收复合增速更高（72.8% vs 23.3%）
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
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。
RDDT vs TOST — 直观对比
营收规模更大
TOST
是对方的2.3倍
$725.6M
营收增速更快
RDDT
高出47.6%
22.0%
净利率更高
RDDT
高出28.5%
6.2%
自由现金流更多
RDDT
多$85.6M
$178.0M
两年增速更快
RDDT
近两年复合增速
23.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $725.6M | $1.6B |
| 净利润 | $251.6M | $101.0M |
| 毛利率 | 91.9% | 25.9% |
| 营业利润率 | 31.9% | 5.2% |
| 净利率 | 34.7% | 6.2% |
| 营收同比 | 69.7% | 22.0% |
| 净利润同比 | 254.2% | 215.6% |
| 每股收益（稀释后） | $1.24 | $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RDDTTOST
| Q4 25 | $725.6M | $1.6B | ||
| Q3 25 | $584.9M | $1.6B | ||
| Q2 25 | $499.6M | $1.6B | ||
| Q1 25 | $392.4M | $1.3B | ||
| Q4 24 | $427.7M | $1.3B | ||
| Q3 24 | $348.4M | $1.3B | ||
| Q2 24 | $281.2M | $1.2B | ||
| Q1 24 | $243.0M | $1.1B |
净利润RDDTTOST
| Q4 25 | $251.6M | $101.0M | ||
| Q3 25 | $162.7M | $105.0M | ||
| Q2 25 | $89.3M | $80.0M | ||
| Q1 25 | $26.2M | $56.0M | ||
| Q4 24 | $71.0M | $32.0M | ||
| Q3 24 | $29.9M | $56.0M | ||
| Q2 24 | $-10.1M | $14.0M | ||
| Q1 24 | $-575.1M | $-83.0M |
毛利率RDDTTOST
| Q4 25 | 91.9% | 25.9% | ||
| Q3 25 | 91.0% | 26.5% | ||
| Q2 25 | 90.8% | 25.3% | ||
| Q1 25 | 90.5% | 25.9% | ||
| Q4 24 | 92.6% | 24.9% | ||
| Q3 24 | 90.1% | 24.7% | ||
| Q2 24 | 89.5% | 23.0% | ||
| Q1 24 | 88.6% | 23.2% |
营业利润率RDDTTOST
| Q4 25 | 31.9% | 5.2% | ||
| Q3 25 | 23.7% | 5.1% | ||
| Q2 25 | 13.6% | 5.2% | ||
| Q1 25 | 1.0% | 3.2% | ||
| Q4 24 | 12.4% | 2.5% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | -11.0% | 0.4% | ||
| Q1 24 | -242.5% | -5.2% |
净利率RDDTTOST
| Q4 25 | 34.7% | 6.2% | ||
| Q3 25 | 27.8% | 6.4% | ||
| Q2 25 | 17.9% | 5.2% | ||
| Q1 25 | 6.7% | 4.2% | ||
| Q4 24 | 16.6% | 2.4% | ||
| Q3 24 | 8.6% | 4.3% | ||
| Q2 24 | -3.6% | 1.1% | ||
| Q1 24 | -236.7% | -7.7% |
每股收益（稀释后）RDDTTOST
| Q4 25 | $1.24 | $0.18 | ||
| Q3 25 | $0.80 | $0.16 | ||
| Q2 25 | $0.45 | $0.13 | ||
| Q1 25 | $0.13 | $0.09 | ||
| Q4 24 | $4.76 | $0.09 | ||
| Q3 24 | $0.16 | $0.07 | ||
| Q2 24 | $-0.06 | $0.02 | ||
| Q1 24 | $-8.19 | $-0.15 |
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 | $953.6M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $2.1B |
| 总资产 | $3.2B | $3.1B |
| 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RDDTTOST
| Q4 25 | $953.6M | $1.4B | ||
| Q3 25 | $911.7M | $1.4B | ||
| Q2 25 | $734.1M | $1.2B | ||
| Q1 25 | $635.7M | $1.0B | ||
| Q4 24 | $562.1M | $903.0M | ||
| Q3 24 | $515.9M | $761.0M | ||
| Q2 24 | $468.0M | $691.0M | ||
| Q1 24 | $968.5M | $578.0M |
股东权益RDDTTOST
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.8B | $1.2B |
总资产RDDTTOST
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $2.9B | $3.0B | ||
| Q2 25 | $2.6B | $2.8B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.1B | $2.2B | ||
| Q1 24 | $2.0B | $2.1B |
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 | $266.8M | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $263.6M | $178.0M |
| 自由现金流率自由现金流/营收 | 36.3% | 10.9% |
| 资本支出强度资本支出/营收 | 0.4% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.06× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $684.2M | $608.0M |
8季度趋势，按日历期对齐
经营现金流RDDTTOST
| Q4 25 | $266.8M | $194.0M | ||
| Q3 25 | $185.2M | $165.0M | ||
| Q2 25 | $111.3M | $223.0M | ||
| Q1 25 | $127.6M | $79.0M | ||
| Q4 24 | $90.0M | $147.0M | ||
| Q3 24 | $71.6M | $109.0M | ||
| Q2 24 | $28.4M | $124.0M | ||
| Q1 24 | $32.1M | $-20.0M |
自由现金流RDDTTOST
| Q4 25 | $263.6M | $178.0M | ||
| Q3 25 | $183.1M | $153.0M | ||
| Q2 25 | $110.8M | $208.0M | ||
| Q1 25 | $126.6M | $69.0M | ||
| Q4 24 | $89.2M | $134.0M | ||
| Q3 24 | $70.3M | $97.0M | ||
| Q2 24 | $27.2M | $108.0M | ||
| Q1 24 | $29.2M | $-33.0M |
自由现金流率RDDTTOST
| Q4 25 | 36.3% | 10.9% | ||
| Q3 25 | 31.3% | 9.4% | ||
| Q2 25 | 22.2% | 13.4% | ||
| Q1 25 | 32.3% | 5.2% | ||
| Q4 24 | 20.8% | 10.0% | ||
| Q3 24 | 20.2% | 7.4% | ||
| Q2 24 | 9.7% | 8.7% | ||
| Q1 24 | 12.0% | -3.1% |
资本支出强度RDDTTOST
| Q4 25 | 0.4% | 1.0% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.1% | 1.0% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.4% | 1.3% | ||
| Q1 24 | 1.2% | 1.2% |
现金转化率RDDTTOST
| Q4 25 | 1.06× | 1.92× | ||
| Q3 25 | 1.14× | 1.57× | ||
| Q2 25 | 1.25× | 2.79× | ||
| Q1 25 | 4.88× | 1.41× | ||
| Q4 24 | 1.27× | 4.59× | ||
| Q3 24 | 2.40× | 1.95× | ||
| Q2 24 | — | 8.86× | ||
| Q1 24 | — | — |
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
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
