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SHOPIFY INC.（SHOP）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是SHOPIFY INC.的1.0倍（$3.8B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs 1.5%，领先18.7%），SHOPIFY INC.同比增速更快（30.6% vs 2.7%），SHOPIFY INC.自由现金流更多（$715.0M vs $-447.3M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% vs -0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
SHOP vs SWK — 直观对比
营收规模更大
SWK
是对方的1.0倍
$3.7B
营收增速更快
SHOP
高出27.9%
2.7%
净利率更高
SHOP
高出18.7%
1.5%
自由现金流更多
SHOP
多$1.2B
$-447.3M
两年增速更快
SHOP
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $3.8B |
| 净利润 | $743.0M | $59.6M |
| 毛利率 | 46.1% | 30.1% |
| 营业利润率 | 17.2% | 4.2% |
| 净利率 | 20.2% | 1.5% |
| 营收同比 | 30.6% | 2.7% |
| 净利润同比 | -42.5% | -34.1% |
| 每股收益（稀释后） | $0.58 | $0.39 |
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SHOPSWK
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.8B | $3.8B | ||
| Q2 25 | $2.7B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.2B | $3.8B | ||
| Q2 24 | $2.0B | $4.0B |
净利润SHOPSWK
| Q1 26 | — | $59.6M | ||
| Q4 25 | $743.0M | — | ||
| Q3 25 | $264.0M | $51.4M | ||
| Q2 25 | $906.0M | $101.9M | ||
| Q1 25 | $-682.0M | $90.4M | ||
| Q4 24 | $1.3B | $194.9M | ||
| Q3 24 | $828.0M | $91.1M | ||
| Q2 24 | $171.0M | $-11.2M |
毛利率SHOPSWK
| Q1 26 | — | 30.1% | ||
| Q4 25 | 46.1% | — | ||
| Q3 25 | 48.9% | 31.4% | ||
| Q2 25 | 48.6% | 27.0% | ||
| Q1 25 | 49.5% | 29.9% | ||
| Q4 24 | 48.1% | 30.8% | ||
| Q3 24 | 51.7% | 29.9% | ||
| Q2 24 | 51.1% | 28.4% |
营业利润率SHOPSWK
| Q1 26 | — | 4.2% | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 16.5% | 3.4% | ||
| Q3 24 | 13.1% | 10.6% | ||
| Q2 24 | 11.8% | 9.5% |
净利率SHOPSWK
| Q1 26 | — | 1.5% | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 9.3% | 1.4% | ||
| Q2 25 | 33.8% | 2.6% | ||
| Q1 25 | -28.9% | 2.4% | ||
| Q4 24 | 46.0% | 5.2% | ||
| Q3 24 | 38.3% | 2.4% | ||
| Q2 24 | 8.4% | -0.3% |
每股收益（稀释后）SHOPSWK
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.58 | — | ||
| Q3 25 | $0.20 | $0.34 | ||
| Q2 25 | $0.69 | $0.67 | ||
| Q1 25 | $-0.53 | $0.60 | ||
| Q4 24 | $0.99 | $1.29 | ||
| Q3 24 | $0.64 | $0.60 | ||
| Q2 24 | $0.13 | $-0.07 |
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 | $333.7M |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $13.5B | — |
| 总资产 | $15.2B | $21.6B |
| 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SHOPSWK
| Q1 26 | — | $333.7M | ||
| Q4 25 | $5.8B | — | ||
| Q3 25 | $6.3B | $268.3M | ||
| Q2 25 | $5.8B | $311.8M | ||
| Q1 25 | $5.5B | $344.8M | ||
| Q4 24 | $5.5B | $290.5M | ||
| Q3 24 | — | $298.7M | ||
| Q2 24 | — | $318.5M |
总债务SHOPSWK
| Q1 26 | — | $6.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
股东权益SHOPSWK
| Q1 26 | — | — | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $12.5B | $9.0B | ||
| Q2 25 | $12.1B | $9.1B | ||
| Q1 25 | $11.1B | $8.8B | ||
| Q4 24 | $11.6B | $8.7B | ||
| Q3 24 | $10.1B | $8.9B | ||
| Q2 24 | $9.2B | $8.7B |
总资产SHOPSWK
| Q1 26 | — | $21.6B | ||
| Q4 25 | $15.2B | — | ||
| Q3 25 | $15.0B | $21.8B | ||
| Q2 25 | $14.6B | $22.5B | ||
| Q1 25 | $13.4B | $22.5B | ||
| Q4 24 | $13.9B | $21.8B | ||
| Q3 24 | — | $22.5B | ||
| Q2 24 | — | $22.5B |
负债/权益比SHOPSWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× |
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 | $725.0M | $-388.8M |
| 自由现金流经营现金流 - 资本支出 | $715.0M | $-447.3M |
| 自由现金流率自由现金流/营收 | 19.5% | -11.6% |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 0.98× | -6.52× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-642.3M |
8季度趋势，按日历期对齐
经营现金流SHOPSWK
| Q1 26 | — | $-388.8M | ||
| Q4 25 | $725.0M | — | ||
| Q3 25 | $513.0M | $221.2M | ||
| Q2 25 | $428.0M | $214.3M | ||
| Q1 25 | $367.0M | $-420.0M | ||
| Q4 24 | $615.0M | $679.1M | ||
| Q3 24 | $423.0M | $285.8M | ||
| Q2 24 | $340.0M | $573.0M |
自由现金流SHOPSWK
| Q1 26 | — | $-447.3M | ||
| Q4 25 | $715.0M | — | ||
| Q3 25 | $507.0M | $155.3M | ||
| Q2 25 | $422.0M | $134.7M | ||
| Q1 25 | $363.0M | $-485.0M | ||
| Q4 24 | $611.0M | $564.6M | ||
| Q3 24 | $421.0M | $199.3M | ||
| Q2 24 | $333.0M | $485.8M |
自由现金流率SHOPSWK
| Q1 26 | — | -11.6% | ||
| Q4 25 | 19.5% | — | ||
| Q3 25 | 17.8% | 4.1% | ||
| Q2 25 | 15.7% | 3.4% | ||
| Q1 25 | 15.4% | -13.0% | ||
| Q4 24 | 21.7% | 15.2% | ||
| Q3 24 | 19.5% | 5.3% | ||
| Q2 24 | 16.3% | 12.1% |
资本支出强度SHOPSWK
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.2% | 2.0% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.1% | 3.1% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.3% | 2.2% |
现金转化率SHOPSWK
| Q1 26 | — | -6.52× | ||
| Q4 25 | 0.98× | — | ||
| Q3 25 | 1.94× | 4.30× | ||
| Q2 25 | 0.47× | 2.10× | ||
| Q1 25 | — | -4.65× | ||
| Q4 24 | 0.48× | 3.48× | ||
| Q3 24 | 0.51× | 3.14× | ||
| Q2 24 | 1.99× | — |
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
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
SWK
暂无分部数据
