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Snowflake Inc.（SNOW）与TWILIO INC（TWLO）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是Snowflake Inc.的1.1倍（$1.4B vs $1.2B），TWILIO INC净利率更高（-3.4% vs -24.2%，领先20.9%），Snowflake Inc.同比增速更快（28.7% vs 14.3%），过去两年Snowflake Inc.的营收复合增速更高（25.1% vs 14.2%）
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
SNOW vs TWLO — 直观对比
营收规模更大
TWLO
是对方的1.1倍
$1.2B
营收增速更快
SNOW
高出14.4%
14.3%
净利率更高
TWLO
高出20.9%
-24.2%
两年增速更快
SNOW
近两年复合增速
14.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-294.0M | $-45.9M |
| 毛利率 | 67.8% | 48.5% |
| 营业利润率 | -27.2% | 4.2% |
| 净利率 | -24.2% | -3.4% |
| 营收同比 | 28.7% | 14.3% |
| 净利润同比 | 9.4% | -267.7% |
| 每股收益（稀释后） | $-0.87 | $-0.28 |
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SNOWTWLO
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $986.8M | $1.2B | ||
| Q4 24 | $942.1M | $1.2B | ||
| Q3 24 | $868.8M | $1.1B | ||
| Q2 24 | $828.7M | $1.1B | ||
| Q1 24 | $774.7M | $1.0B |
净利润SNOWTWLO
| Q4 25 | $-294.0M | $-45.9M | ||
| Q3 25 | $-298.0M | $37.2M | ||
| Q2 25 | $-430.1M | $22.4M | ||
| Q1 25 | $-327.5M | $20.0M | ||
| Q4 24 | $-324.3M | $-12.5M | ||
| Q3 24 | $-316.9M | $-9.7M | ||
| Q2 24 | $-317.0M | $-31.9M | ||
| Q1 24 | $-169.4M | $-55.3M |
毛利率SNOWTWLO
| Q4 25 | 67.8% | 48.5% | ||
| Q3 25 | 67.5% | 48.6% | ||
| Q2 25 | 66.5% | 49.1% | ||
| Q1 25 | 66.2% | 49.6% | ||
| Q4 24 | 65.9% | 50.2% | ||
| Q3 24 | 66.8% | 51.0% | ||
| Q2 24 | 67.1% | 51.3% | ||
| Q1 24 | 68.8% | 52.0% |
营业利润率SNOWTWLO
| Q4 25 | -27.2% | 4.2% | ||
| Q3 25 | -29.7% | 3.1% | ||
| Q2 25 | -42.9% | 3.0% | ||
| Q1 25 | -39.2% | 2.0% | ||
| Q4 24 | -38.8% | 1.1% | ||
| Q3 24 | -40.9% | -0.4% | ||
| Q2 24 | -42.1% | -1.8% | ||
| Q1 24 | -35.6% | -4.2% |
净利率SNOWTWLO
| Q4 25 | -24.2% | -3.4% | ||
| Q3 25 | -26.0% | 2.9% | ||
| Q2 25 | -41.3% | 1.8% | ||
| Q1 25 | -33.2% | 1.7% | ||
| Q4 24 | -34.4% | -1.0% | ||
| Q3 24 | -36.5% | -0.9% | ||
| Q2 24 | -38.3% | -2.9% | ||
| Q1 24 | -21.9% | -5.3% |
每股收益（稀释后）SNOWTWLO
| Q4 25 | $-0.87 | $-0.28 | ||
| Q3 25 | $-0.89 | $0.23 | ||
| Q2 25 | $-1.29 | $0.14 | ||
| Q1 25 | $-0.98 | $0.12 | ||
| Q4 24 | $-0.98 | $-0.10 | ||
| Q3 24 | $-0.95 | $-0.06 | ||
| Q2 24 | $-0.95 | $-0.19 | ||
| Q1 24 | $-0.51 | $-0.31 |
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 | $1.9B | $682.3M |
| 总债务越低越好 | — | $992.3M |
| 股东权益账面价值 | $2.1B | $7.8B |
| 总资产 | $8.2B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资SNOWTWLO
| Q4 25 | $1.9B | $682.3M | ||
| Q3 25 | $1.9B | $734.8M | ||
| Q2 25 | $2.2B | $969.2M | ||
| Q1 25 | $2.6B | $467.1M | ||
| Q4 24 | $2.1B | $421.3M | ||
| Q3 24 | $1.3B | $584.0M | ||
| Q2 24 | $1.3B | $755.1M | ||
| Q1 24 | $1.8B | $672.6M |
总债务SNOWTWLO
| Q4 25 | — | $992.3M | ||
| Q3 25 | — | $991.9M | ||
| Q2 25 | — | $991.4M | ||
| Q1 25 | — | $991.0M | ||
| Q4 24 | — | $990.6M | ||
| Q3 24 | — | $990.2M | ||
| Q2 24 | — | $989.8M | ||
| Q1 24 | — | $989.4M |
股东权益SNOWTWLO
| Q4 25 | $2.1B | $7.8B | ||
| Q3 25 | $2.4B | $7.9B | ||
| Q2 25 | $2.4B | $8.0B | ||
| Q1 25 | $3.0B | $8.0B | ||
| Q4 24 | $2.9B | $8.0B | ||
| Q3 24 | $4.1B | $8.2B | ||
| Q2 24 | $4.6B | $8.7B | ||
| Q1 24 | $5.2B | $9.4B |
总资产SNOWTWLO
| Q4 25 | $8.2B | $9.8B | ||
| Q3 25 | $8.2B | $9.7B | ||
| Q2 25 | $8.2B | $9.8B | ||
| Q1 25 | $9.0B | $9.8B | ||
| Q4 24 | $8.2B | $9.9B | ||
| Q3 24 | $6.9B | $10.0B | ||
| Q2 24 | $7.3B | $10.5B | ||
| Q1 24 | $8.2B | $11.3B |
负债/权益比SNOWTWLO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | 0.10× |
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 | $137.5M | $271.6M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | — |
| 自由现金流率自由现金流/营收 | 9.4% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 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 | $776.7M | — |
8季度趋势，按日历期对齐
经营现金流SNOWTWLO
| Q4 25 | $137.5M | $271.6M | ||
| Q3 25 | $74.9M | $263.6M | ||
| Q2 25 | $228.4M | $277.1M | ||
| Q1 25 | $432.7M | $191.0M | ||
| Q4 24 | $101.7M | $108.4M | ||
| Q3 24 | $69.9M | $204.3M | ||
| Q2 24 | $355.5M | $213.3M | ||
| Q1 24 | $344.6M | $190.1M |
自由现金流SNOWTWLO
| Q4 25 | $113.6M | — | ||
| Q3 25 | $58.2M | — | ||
| Q2 25 | $183.4M | — | ||
| Q1 25 | $421.4M | — | ||
| Q4 24 | $88.3M | — | ||
| Q3 24 | $64.8M | — | ||
| Q2 24 | $338.9M | — | ||
| Q1 24 | $331.5M | — |
自由现金流率SNOWTWLO
| Q4 25 | 9.4% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 42.7% | — | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 7.5% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 42.8% | — |
资本支出强度SNOWTWLO
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 1.7% | — |
现金转化率SNOWTWLO
| Q4 25 | — | — | ||
| Q3 25 | — | 7.08× | ||
| Q2 25 | — | 12.36× | ||
| Q1 25 | — | 9.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
