vs
Snowflake Inc.（SNOW）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是Tyler Technologies的2.1倍（$1.2B vs $575.2M）。Tyler Technologies净利率更高（11.4% vs -24.2%，领先35.6%）。Snowflake Inc.同比增速更快（28.7% vs 6.3%）。Tyler Technologies自由现金流更多（$239.6M vs $113.6M）。过去两年Snowflake Inc.的营收复合增速更高（25.1% vs 6.0%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
SNOW vs TYL — 直观对比
营收规模更大
SNOW
是对方的2.1倍
$575.2M
营收增速更快
SNOW
高出22.5%
6.3%
净利率更高
TYL
高出35.6%
-24.2%
自由现金流更多
TYL
多$126.0M
$113.6M
两年增速更快
SNOW
近两年复合增速
6.0%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $575.2M |
| 净利润 | $-294.0M | $65.5M |
| 毛利率 | 67.8% | 45.5% |
| 营业利润率 | -27.2% | 13.0% |
| 净利率 | -24.2% | 11.4% |
| 营收同比 | 28.7% | 6.3% |
| 净利润同比 | 9.4% | 0.5% |
| 每股收益（稀释后） | $-0.87 | $1.50 |
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SNOWTYL
| Q4 25 | $1.2B | $575.2M | ||
| Q3 25 | $1.1B | $595.9M | ||
| Q2 25 | $1.0B | $596.1M | ||
| Q1 25 | $986.8M | $565.2M | ||
| Q4 24 | $942.1M | $541.1M | ||
| Q3 24 | $868.8M | $543.3M | ||
| Q2 24 | $828.7M | $541.0M | ||
| Q1 24 | $774.7M | $512.4M |
净利润SNOWTYL
| Q4 25 | $-294.0M | $65.5M | ||
| Q3 25 | $-298.0M | $84.4M | ||
| Q2 25 | $-430.1M | $84.6M | ||
| Q1 25 | $-327.5M | $81.1M | ||
| Q4 24 | $-324.3M | $65.2M | ||
| Q3 24 | $-316.9M | $75.9M | ||
| Q2 24 | $-317.0M | $67.7M | ||
| Q1 24 | $-169.4M | $54.2M |
毛利率SNOWTYL
| Q4 25 | 67.8% | 45.5% | ||
| Q3 25 | 67.5% | 47.2% | ||
| Q2 25 | 66.5% | 45.8% | ||
| Q1 25 | 66.2% | 47.3% | ||
| Q4 24 | 65.9% | 43.8% | ||
| Q3 24 | 66.8% | 43.7% | ||
| Q2 24 | 67.1% | 44.0% | ||
| Q1 24 | 68.8% | 43.7% |
营业利润率SNOWTYL
| Q4 25 | -27.2% | 13.0% | ||
| Q3 25 | -29.7% | 16.4% | ||
| Q2 25 | -42.9% | 16.0% | ||
| Q1 25 | -39.2% | 15.8% | ||
| Q4 24 | -38.8% | 13.2% | ||
| Q3 24 | -40.9% | 15.2% | ||
| Q2 24 | -42.1% | 14.4% | ||
| Q1 24 | -35.6% | 13.1% |
净利率SNOWTYL
| Q4 25 | -24.2% | 11.4% | ||
| Q3 25 | -26.0% | 14.2% | ||
| Q2 25 | -41.3% | 14.2% | ||
| Q1 25 | -33.2% | 14.3% | ||
| Q4 24 | -34.4% | 12.1% | ||
| Q3 24 | -36.5% | 14.0% | ||
| Q2 24 | -38.3% | 12.5% | ||
| Q1 24 | -21.9% | 10.6% |
每股收益（稀释后）SNOWTYL
| Q4 25 | $-0.87 | $1.50 | ||
| Q3 25 | $-0.89 | $1.93 | ||
| Q2 25 | $-1.29 | $1.93 | ||
| Q1 25 | $-0.98 | $1.84 | ||
| Q4 24 | $-0.98 | $1.48 | ||
| Q3 24 | $-0.95 | $1.74 | ||
| Q2 24 | $-0.95 | $1.57 | ||
| Q1 24 | $-0.51 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | — | $599.7M |
| 股东权益账面价值 | $2.1B | $3.7B |
| 总资产 | $8.2B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资SNOWTYL
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.9B | $950.8M | ||
| Q2 25 | $2.2B | $892.3M | ||
| Q1 25 | $2.6B | $807.4M | ||
| Q4 24 | $2.1B | $768.0M | ||
| Q3 24 | $1.3B | $544.3M | ||
| Q2 24 | $1.3B | $258.0M | ||
| Q1 24 | $1.8B | $196.9M |
总债务SNOWTYL
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M | ||
| Q1 24 | — | $596.6M |
股东权益SNOWTYL
| Q4 25 | $2.1B | $3.7B | ||
| Q3 25 | $2.4B | $3.6B | ||
| Q2 25 | $2.4B | $3.6B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $2.9B | $3.4B | ||
| Q3 24 | $4.1B | $3.3B | ||
| Q2 24 | $4.6B | $3.1B | ||
| Q1 24 | $5.2B | $3.0B |
总资产SNOWTYL
| Q4 25 | $8.2B | $5.6B | ||
| Q3 25 | $8.2B | $5.5B | ||
| Q2 25 | $8.2B | $5.4B | ||
| Q1 25 | $9.0B | $5.2B | ||
| Q4 24 | $8.2B | $5.2B | ||
| Q3 24 | $6.9B | $5.0B | ||
| Q2 24 | $7.3B | $4.8B | ||
| Q1 24 | $8.2B | $4.6B |
负债/权益比SNOWTYL
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | $239.6M |
| 自由现金流率自由现金流/营收 | 9.4% | 41.7% |
| 资本支出强度资本支出/营收 | 2.0% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.72× |
| 过去12个月自由现金流最近4个季度 | $776.7M | $637.5M |
8季度趋势，按日历期对齐
经营现金流SNOWTYL
| Q4 25 | $137.5M | $243.9M | ||
| Q3 25 | $74.9M | $255.2M | ||
| Q2 25 | $228.4M | $98.3M | ||
| Q1 25 | $432.7M | $56.2M | ||
| Q4 24 | $101.7M | $224.8M | ||
| Q3 24 | $69.9M | $263.7M | ||
| Q2 24 | $355.5M | $64.3M | ||
| Q1 24 | $344.6M | $71.8M |
自由现金流SNOWTYL
| Q4 25 | $113.6M | $239.6M | ||
| Q3 25 | $58.2M | $251.3M | ||
| Q2 25 | $183.4M | $92.8M | ||
| Q1 25 | $421.4M | $53.8M | ||
| Q4 24 | $88.3M | $221.0M | ||
| Q3 24 | $64.8M | $260.8M | ||
| Q2 24 | $338.9M | $57.7M | ||
| Q1 24 | $331.5M | $64.6M |
自由现金流率SNOWTYL
| Q4 25 | 9.4% | 41.7% | ||
| Q3 25 | 5.1% | 42.2% | ||
| Q2 25 | 17.6% | 15.6% | ||
| Q1 25 | 42.7% | 9.5% | ||
| Q4 24 | 9.4% | 40.8% | ||
| Q3 24 | 7.5% | 48.0% | ||
| Q2 24 | 40.9% | 10.7% | ||
| Q1 24 | 42.8% | 12.6% |
资本支出强度SNOWTYL
| Q4 25 | 2.0% | 0.8% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 4.3% | 0.9% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 1.4% | 0.7% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 2.0% | 1.2% | ||
| Q1 24 | 1.7% | 1.4% |
现金转化率SNOWTYL
| Q4 25 | — | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.47× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | — | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
