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蜗牛（SNAL）与SS Innovations International, Inc.（SSII）财务数据对比。点击上方公司名可切换其他公司
蜗牛的季度营收约是SS Innovations International, Inc.的1.7倍（$25.1M vs $14.5M），蜗牛净利率更高（-3.4% vs -17.0%，领先13.6%），SS Innovations International, Inc.同比增速更快（79.1% vs -4.2%），过去两年SS Innovations International, Inc.的营收复合增速更高（99.9% vs 33.4%）
苏州蜗牛数字科技股份有限公司，简称蜗牛，是总部位于苏州的中国游戏企业，同时持有虚拟运营商牌照，旗下拥有蜗牛游戏、蜗牛移动两大业务板块，北美分部负责在美洲及欧洲地区推广旗下游戏产品。蜗牛主营大型多人在线、即时战略与休闲类游戏，全球累计注册用户已超7000万。
SS Innovations International, Inc.是一家全球化医疗科技企业，专注于研发、生产创新型外科手术机器人系统，为多地区医疗机构提供高精度、易获取的微创手术机器人平台，致力于提升手术效果、减轻手术操作负担。
SNAL vs SSII — 直观对比
营收规模更大
SNAL
是对方的1.7倍
$14.5M
营收增速更快
SSII
高出83.3%
-4.2%
净利率更高
SNAL
高出13.6%
-17.0%
两年增速更快
SSII
近两年复合增速
33.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $25.1M | $14.5M |
| 净利润 | $-862.2K | $-2.5M |
| 毛利率 | 38.3% | 43.9% |
| 营业利润率 | -6.0% | -3.7% |
| 净利率 | -3.4% | -17.0% |
| 营收同比 | -4.2% | 79.1% |
| 净利润同比 | -177.0% | -28.5% |
| 每股收益（稀释后） | — | $-0.01 |
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SNALSSII
| Q4 25 | $25.1M | $14.5M | ||
| Q3 25 | $13.8M | $12.8M | ||
| Q2 25 | $22.2M | $10.0M | ||
| Q1 25 | $20.1M | $5.1M | ||
| Q4 24 | $26.2M | $8.1M | ||
| Q3 24 | $22.5M | $4.4M | ||
| Q2 24 | $21.6M | $4.5M | ||
| Q1 24 | $14.1M | $3.6M |
净利润SNALSSII
| Q4 25 | $-862.2K | $-2.5M | ||
| Q3 25 | $-7.9M | $-3.7M | ||
| Q2 25 | $-16.6M | $-256.7K | ||
| Q1 25 | $-1.9M | $-5.7M | ||
| Q4 24 | $1.1M | $-1.9M | ||
| Q3 24 | $235.1K | $-3.2M | ||
| Q2 24 | $2.3M | $-4.1M | ||
| Q1 24 | $-1.8M | $-9.8M |
毛利率SNALSSII
| Q4 25 | 38.3% | 43.9% | ||
| Q3 25 | 0.1% | 48.1% | ||
| Q2 25 | 31.3% | 59.1% | ||
| Q1 25 | 29.1% | 21.2% | ||
| Q4 24 | 43.3% | 48.9% | ||
| Q3 24 | 38.6% | 52.8% | ||
| Q2 24 | 37.5% | 31.9% | ||
| Q1 24 | 14.7% | 20.0% |
营业利润率SNALSSII
| Q4 25 | -6.0% | -3.7% | ||
| Q3 25 | -71.3% | -14.3% | ||
| Q2 25 | -8.2% | 1.0% | ||
| Q1 25 | -20.4% | -115.6% | ||
| Q4 24 | 11.5% | -22.7% | ||
| Q3 24 | 1.8% | -73.1% | ||
| Q2 24 | 12.4% | -90.9% | ||
| Q1 24 | -15.6% | -270.3% |
净利率SNALSSII
| Q4 25 | -3.4% | -17.0% | ||
| Q3 25 | -56.9% | -29.0% | ||
| Q2 25 | -74.7% | -2.6% | ||
| Q1 25 | -9.7% | -111.0% | ||
| Q4 24 | 4.3% | -23.7% | ||
| Q3 24 | 1.0% | -74.0% | ||
| Q2 24 | 10.4% | -91.8% | ||
| Q1 24 | -12.6% | -270.5% |
每股收益（稀释后）SNALSSII
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | $-0.44 | $0.00 | ||
| Q1 25 | $-0.06 | $-0.03 | ||
| Q4 24 | $0.03 | $-0.01 | ||
| Q3 24 | $0.01 | $-0.02 | ||
| Q2 24 | $0.06 | $-0.02 | ||
| Q1 24 | $-0.05 | $-0.06 |
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 | $8.6M | $3.2M |
| 总债务越低越好 | $14.6M | — |
| 股东权益账面价值 | $-16.4M | $38.2M |
| 总资产 | $59.3M | $74.2M |
| 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SNALSSII
| Q4 25 | $8.6M | $3.2M | ||
| Q3 25 | $12.3M | $5.7M | ||
| Q2 25 | $7.9M | $11.4M | ||
| Q1 25 | $9.4M | $15.9M | ||
| Q4 24 | $7.3M | $466.5K | ||
| Q3 24 | $10.6M | $220.4K | ||
| Q2 24 | $15.5M | $608.2K | ||
| Q1 24 | $16.1M | $948.1K |
总债务SNALSSII
| Q4 25 | $14.6M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $9.0M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $5.8M | — | ||
| Q1 24 | $6.5M | — |
股东权益SNALSSII
| Q4 25 | $-16.4M | $38.2M | ||
| Q3 25 | $-15.6M | $39.6M | ||
| Q2 25 | $-8.0M | $42.0M | ||
| Q1 25 | $9.1M | $40.6M | ||
| Q4 24 | $9.7M | $13.5M | ||
| Q3 24 | $8.2M | $13.7M | ||
| Q2 24 | $7.9M | $14.8M | ||
| Q1 24 | $5.6M | $16.7M |
总资产SNALSSII
| Q4 25 | $59.3M | $74.2M | ||
| Q3 25 | $51.1M | $69.6M | ||
| Q2 25 | $58.0M | $70.0M | ||
| Q1 25 | $64.5M | $63.5M | ||
| Q4 24 | $62.2M | $42.4M | ||
| Q3 24 | $66.8M | $39.0M | ||
| Q2 24 | $75.4M | $35.7M | ||
| Q1 24 | $78.3M | $35.2M |
负债/权益比SNALSSII
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 1.16× | — |
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 | $-5.3M | $-1.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.2M |
| 自由现金流率自由现金流/营收 | — | -22.3% |
| 资本支出强度资本支出/营收 | — | 11.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-22.2M |
8季度趋势，按日历期对齐
经营现金流SNALSSII
| Q4 25 | $-5.3M | $-1.5M | ||
| Q3 25 | $6.6M | $-7.5M | ||
| Q2 25 | $-3.2M | $-3.5M | ||
| Q1 25 | $764.5K | $-6.1M | ||
| Q4 24 | $-3.6M | $-3.3M | ||
| Q3 24 | $-5.0M | $-2.5M | ||
| Q2 24 | $206.6K | $-1.0M | ||
| Q1 24 | $6.8M | $-2.7M |
自由现金流SNALSSII
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-2.8M |
自由现金流率SNALSSII
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | — | -76.9% |
资本支出强度SNALSSII
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 38.8% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 3.5% |
现金转化率SNALSSII
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.21× | — | ||
| Q3 24 | -21.05× | — | ||
| Q2 24 | 0.09× | — | ||
| 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
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
