vs
SOMNIGROUP INTERNATIONAL INC.（SGI）与SHOPIFY INC.（SHOP）财务数据对比。点击上方公司名可切换其他公司
SHOPIFY INC.的季度营收约是SOMNIGROUP INTERNATIONAL INC.的2.0倍（$3.7B vs $1.9B），SHOPIFY INC.净利率更高（20.2% vs 7.5%，领先12.7%），SOMNIGROUP INTERNATIONAL INC.同比增速更快（54.7% vs 30.6%），SHOPIFY INC.自由现金流更多（$715.0M vs $41.1M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs 25.3%）
SOMNIGROUP INTERNATIONAL INC.是一家美国知名寝具制造企业，主营床垫及各类床上用品的研发、设计、生产与销售，旗下产品兼顾舒适体验与实用性能，供应美国本土及多个海外市场，在民用寝具领域拥有稳定的市场认可度。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
SGI vs SHOP — 直观对比
营收规模更大
SHOP
是对方的2.0倍
$1.9B
营收增速更快
SGI
高出24.1%
30.6%
净利率更高
SHOP
高出12.7%
7.5%
自由现金流更多
SHOP
多$673.9M
$41.1M
两年增速更快
SHOP
近两年复合增速
25.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.7B |
| 净利润 | $140.8M | $743.0M |
| 毛利率 | 44.0% | 46.1% |
| 营业利润率 | 13.2% | 17.2% |
| 净利率 | 7.5% | 20.2% |
| 营收同比 | 54.7% | 30.6% |
| 净利润同比 | 95.8% | -42.5% |
| 每股收益（稀释后） | $0.71 | $0.58 |
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SGISHOP
| Q4 25 | $1.9B | $3.7B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $1.2B | $1.9B |
净利润SGISHOP
| Q4 25 | $140.8M | $743.0M | ||
| Q3 25 | $177.4M | $264.0M | ||
| Q2 25 | $99.0M | $906.0M | ||
| Q1 25 | $-33.1M | $-682.0M | ||
| Q4 24 | $71.9M | $1.3B | ||
| Q3 24 | $130.0M | $828.0M | ||
| Q2 24 | $106.1M | $171.0M | ||
| Q1 24 | $76.3M | $-273.0M |
毛利率SGISHOP
| Q4 25 | 44.0% | 46.1% | ||
| Q3 25 | 44.9% | 48.9% | ||
| Q2 25 | 44.0% | 48.6% | ||
| Q1 25 | 36.2% | 49.5% | ||
| Q4 24 | 43.3% | 48.1% | ||
| Q3 24 | 45.4% | 51.7% | ||
| Q2 24 | 44.9% | 51.1% | ||
| Q1 24 | 43.1% | 51.4% |
营业利润率SGISHOP
| Q4 25 | 13.2% | 17.2% | ||
| Q3 25 | 14.8% | 12.1% | ||
| Q2 25 | 9.6% | 10.9% | ||
| Q1 25 | 0.8% | 8.6% | ||
| Q4 24 | 10.6% | 16.5% | ||
| Q3 24 | 15.5% | 13.1% | ||
| Q2 24 | 14.0% | 11.8% | ||
| Q1 24 | 11.1% | 4.6% |
净利率SGISHOP
| Q4 25 | 7.5% | 20.2% | ||
| Q3 25 | 8.4% | 9.3% | ||
| Q2 25 | 5.3% | 33.8% | ||
| Q1 25 | -2.1% | -28.9% | ||
| Q4 24 | 6.0% | 46.0% | ||
| Q3 24 | 10.0% | 38.3% | ||
| Q2 24 | 8.6% | 8.4% | ||
| Q1 24 | 6.4% | -14.7% |
每股收益（稀释后）SGISHOP
| Q4 25 | $0.71 | $0.58 | ||
| Q3 25 | $0.83 | $0.20 | ||
| Q2 25 | $0.47 | $0.69 | ||
| Q1 25 | $-0.17 | $-0.53 | ||
| Q4 24 | $0.40 | $0.99 | ||
| Q3 24 | $0.73 | $0.64 | ||
| Q2 24 | $0.60 | $0.13 | ||
| Q1 24 | $0.43 | $-0.21 |
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 | — | $5.8B |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $3.1B | $13.5B |
| 总资产 | $11.6B | $15.2B |
| 负债/权益比越低杠杆越低 | 1.47× | — |
8季度趋势，按日历期对齐
现金及短期投资SGISHOP
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务SGISHOP
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.5B | — |
股东权益SGISHOP
| Q4 25 | $3.1B | $13.5B | ||
| Q3 25 | $3.0B | $12.5B | ||
| Q2 25 | $2.8B | $12.1B | ||
| Q1 25 | $2.7B | $11.1B | ||
| Q4 24 | $559.0M | $11.6B | ||
| Q3 24 | $564.5M | $10.1B | ||
| Q2 24 | $411.8M | $9.2B | ||
| Q1 24 | $326.6M | $8.9B |
总资产SGISHOP
| Q4 25 | $11.6B | $15.2B | ||
| Q3 25 | $11.4B | $15.0B | ||
| Q2 25 | $11.4B | $14.6B | ||
| Q1 25 | $11.3B | $13.4B | ||
| Q4 24 | $6.0B | $13.9B | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.6B | — | ||
| Q1 24 | $4.6B | — |
负债/权益比SGISHOP
| Q4 25 | 1.47× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.79× | — | ||
| Q4 24 | 6.69× | — | ||
| Q3 24 | 3.95× | — | ||
| Q2 24 | 5.92× | — | ||
| Q1 24 | 7.74× | — |
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 | $99.4M | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $41.1M | $715.0M |
| 自由现金流率自由现金流/营收 | 2.2% | 19.5% |
| 资本支出强度资本支出/营收 | 3.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 0.71× | 0.98× |
| 过去12个月自由现金流最近4个季度 | $633.2M | $2.0B |
8季度趋势，按日历期对齐
经营现金流SGISHOP
| Q4 25 | $99.4M | $725.0M | ||
| Q3 25 | $408.2M | $513.0M | ||
| Q2 25 | $186.1M | $428.0M | ||
| Q1 25 | $106.4M | $367.0M | ||
| Q4 24 | $129.1M | $615.0M | ||
| Q3 24 | $256.6M | $423.0M | ||
| Q2 24 | $150.6M | $340.0M | ||
| Q1 24 | $130.2M | $238.0M |
自由现金流SGISHOP
| Q4 25 | $41.1M | $715.0M | ||
| Q3 25 | $360.3M | $507.0M | ||
| Q2 25 | $149.4M | $422.0M | ||
| Q1 25 | $82.4M | $363.0M | ||
| Q4 24 | $108.2M | $611.0M | ||
| Q3 24 | $240.2M | $421.0M | ||
| Q2 24 | $122.1M | $333.0M | ||
| Q1 24 | $98.7M | $232.0M |
自由现金流率SGISHOP
| Q4 25 | 2.2% | 19.5% | ||
| Q3 25 | 17.0% | 17.8% | ||
| Q2 25 | 7.9% | 15.7% | ||
| Q1 25 | 5.1% | 15.4% | ||
| Q4 24 | 9.0% | 21.7% | ||
| Q3 24 | 18.5% | 19.5% | ||
| Q2 24 | 9.9% | 16.3% | ||
| Q1 24 | 8.3% | 12.5% |
资本支出强度SGISHOP
| Q4 25 | 3.1% | 0.3% | ||
| Q3 25 | 2.3% | 0.2% | ||
| Q2 25 | 2.0% | 0.2% | ||
| Q1 25 | 1.5% | 0.2% | ||
| Q4 24 | 1.7% | 0.1% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 2.3% | 0.3% | ||
| Q1 24 | 2.6% | 0.3% |
现金转化率SGISHOP
| Q4 25 | 0.71× | 0.98× | ||
| Q3 25 | 2.30× | 1.94× | ||
| Q2 25 | 1.88× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.80× | 0.48× | ||
| Q3 24 | 1.97× | 0.51× | ||
| Q2 24 | 1.42× | 1.99× | ||
| Q1 24 | 1.71× | — |
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
SGI
| Mattress Firm Segment | $892.1M | 48% |
| Tempur Sealy North America Segment | $620.5M | 33% |
| Tempur Sealy International Segment | $355.8M | 19% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
