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Snap Inc（SNAP）与森萨塔科技（ST）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是森萨塔科技的1.6倍（$1.5B vs $934.8M），森萨塔科技净利率更高（9.3% vs -5.8%，领先15.1%），Snap Inc同比增速更快（12.1% vs 2.6%），Snap Inc自由现金流更多（$286.0M vs $104.6M），过去两年Snap Inc的营收复合增速更高（11.2% vs -5.0%）
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
SNAP vs ST — 直观对比
营收规模更大
SNAP
是对方的1.6倍
$934.8M
营收增速更快
SNAP
高出9.6%
2.6%
净利率更高
ST
高出15.1%
-5.8%
自由现金流更多
SNAP
多$181.4M
$104.6M
两年增速更快
SNAP
近两年复合增速
-5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $934.8M |
| 净利润 | $-89.0M | $87.1M |
| 毛利率 | 56.5% | 30.6% |
| 营业利润率 | -4.9% | 15.1% |
| 净利率 | -5.8% | 9.3% |
| 营收同比 | 12.1% | 2.6% |
| 净利润同比 | 36.3% | 24.6% |
| 每股收益（稀释后） | $-0.05 | $0.59 |
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SNAPST
| Q1 26 | $1.5B | $934.8M | ||
| Q4 25 | $1.7B | $917.9M | ||
| Q3 25 | $1.5B | $932.0M | ||
| Q2 25 | $1.3B | $943.4M | ||
| Q1 25 | $1.4B | $911.3M | ||
| Q4 24 | $1.6B | $907.7M | ||
| Q3 24 | $1.4B | $982.8M | ||
| Q2 24 | $1.2B | $1.0B |
净利润SNAPST
| Q1 26 | $-89.0M | $87.1M | ||
| Q4 25 | $45.2M | $63.2M | ||
| Q3 25 | $-103.5M | $-162.5M | ||
| Q2 25 | $-262.6M | $60.7M | ||
| Q1 25 | $-139.6M | $69.9M | ||
| Q4 24 | $9.1M | $5.8M | ||
| Q3 24 | $-153.2M | $-25.0M | ||
| Q2 24 | $-248.6M | $71.7M |
毛利率SNAPST
| Q1 26 | 56.5% | 30.6% | ||
| Q4 25 | 59.1% | 29.0% | ||
| Q3 25 | 55.3% | 27.8% | ||
| Q2 25 | 51.4% | 30.3% | ||
| Q1 25 | 53.1% | 29.9% | ||
| Q4 24 | 56.9% | 27.1% | ||
| Q3 24 | 53.5% | 28.6% | ||
| Q2 24 | 52.4% | 30.0% |
营业利润率SNAPST
| Q1 26 | -4.9% | 15.1% | ||
| Q4 25 | 2.9% | 10.9% | ||
| Q3 25 | -8.5% | -13.2% | ||
| Q2 25 | -19.3% | 14.6% | ||
| Q1 25 | -14.2% | 13.4% | ||
| Q4 24 | -1.7% | 8.1% | ||
| Q3 24 | -12.6% | -20.3% | ||
| Q2 24 | -20.5% | 12.5% |
净利率SNAPST
| Q1 26 | -5.8% | 9.3% | ||
| Q4 25 | 2.6% | 6.9% | ||
| Q3 25 | -6.9% | -17.4% | ||
| Q2 25 | -19.5% | 6.4% | ||
| Q1 25 | -10.2% | 7.7% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | -11.2% | -2.5% | ||
| Q2 24 | -20.1% | 6.9% |
每股收益（稀释后）SNAPST
| Q1 26 | $-0.05 | $0.59 | ||
| Q4 25 | $0.03 | $0.45 | ||
| Q3 25 | $-0.06 | $-1.12 | ||
| Q2 25 | $-0.16 | $0.41 | ||
| Q1 25 | $-0.08 | $0.47 | ||
| Q4 24 | $0.01 | $0.05 | ||
| Q3 24 | $-0.09 | $-0.17 | ||
| Q2 24 | $-0.15 | $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 | $1.1B | $635.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $2.9B |
| 总资产 | $7.5B | $6.8B |
| 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SNAPST
| Q1 26 | $1.1B | $635.1M | ||
| Q4 25 | $2.9B | $573.0M | ||
| Q3 25 | $3.0B | $791.3M | ||
| Q2 25 | $2.9B | $661.8M | ||
| Q1 25 | $3.2B | $588.1M | ||
| Q4 24 | $3.4B | $593.7M | ||
| Q3 24 | $3.2B | $506.2M | ||
| Q2 24 | $3.1B | $1.0B |
总债务SNAPST
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $2.8B | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.6B | $3.2B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.6B | — |
股东权益SNAPST
| Q1 26 | $2.1B | $2.9B | ||
| Q4 25 | $2.3B | $2.8B | ||
| Q3 25 | $2.2B | $2.7B | ||
| Q2 25 | $2.1B | $2.9B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.1B | $3.0B |
总资产SNAPST
| Q1 26 | $7.5B | $6.8B | ||
| Q4 25 | $7.7B | $6.8B | ||
| Q3 25 | $7.6B | $7.1B | ||
| Q2 25 | $7.4B | $7.3B | ||
| Q1 25 | $7.6B | $7.2B | ||
| Q4 24 | $7.9B | $7.1B | ||
| Q3 24 | $7.6B | $7.3B | ||
| Q2 24 | $7.4B | $8.2B |
负债/权益比SNAPST
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | 1.02× | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.49× | 1.11× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.76× | — |
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 | $326.8M | $122.5M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $104.6M |
| 自由现金流率自由现金流/营收 | 18.7% | 11.2% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $608.8M | $508.3M |
8季度趋势，按日历期对齐
经营现金流SNAPST
| Q1 26 | $326.8M | $122.5M | ||
| Q4 25 | $269.6M | $201.5M | ||
| Q3 25 | $146.5M | $159.9M | ||
| Q2 25 | $88.5M | $140.9M | ||
| Q1 25 | $151.6M | $119.2M | ||
| Q4 24 | $230.6M | $170.7M | ||
| Q3 24 | $115.9M | $130.9M | ||
| Q2 24 | $-21.4M | $143.5M |
自由现金流SNAPST
| Q1 26 | $286.0M | $104.6M | ||
| Q4 25 | $205.6M | $151.9M | ||
| Q3 25 | $93.4M | $136.2M | ||
| Q2 25 | $23.8M | $115.5M | ||
| Q1 25 | $114.4M | $86.6M | ||
| Q4 24 | $182.4M | $138.9M | ||
| Q3 24 | $71.8M | $91.3M | ||
| Q2 24 | $-73.4M | $98.4M |
自由现金流率SNAPST
| Q1 26 | 18.7% | 11.2% | ||
| Q4 25 | 12.0% | 16.6% | ||
| Q3 25 | 6.2% | 14.6% | ||
| Q2 25 | 1.8% | 12.2% | ||
| Q1 25 | 8.4% | 9.5% | ||
| Q4 24 | 11.7% | 15.3% | ||
| Q3 24 | 5.2% | 9.3% | ||
| Q2 24 | -5.9% | 9.5% |
资本支出强度SNAPST
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 5.4% | ||
| Q3 25 | 3.5% | 2.5% | ||
| Q2 25 | 4.8% | 2.7% | ||
| Q1 25 | 2.7% | 3.6% | ||
| Q4 24 | 3.1% | 3.5% | ||
| Q3 24 | 3.2% | 4.0% | ||
| Q2 24 | 4.2% | 4.4% |
现金转化率SNAPST
| Q1 26 | — | 1.41× | ||
| Q4 25 | 5.96× | 3.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | 25.34× | 29.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
