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Snowflake Inc.（SNOW）与Unity Software Inc.（U）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Unity Software Inc.的2.4倍（$1.2B vs $503.1M）。Unity Software Inc.净利率更高（-17.9% vs -24.2%，领先6.4%）。Snowflake Inc.同比增速更快（28.7% vs 10.1%）。Unity Software Inc.自由现金流更多（$118.7M vs $113.6M）。过去两年Snowflake Inc.的营收复合增速更高（25.1% vs 4.5%）
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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
SNOW vs U — 直观对比
营收规模更大
SNOW
是对方的2.4倍
$503.1M
营收增速更快
SNOW
高出18.7%
10.1%
净利率更高
U
高出6.4%
-24.2%
自由现金流更多
U
多$5.1M
$113.6M
两年增速更快
SNOW
近两年复合增速
4.5%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $503.1M |
| 净利润 | $-294.0M | $-90.0M |
| 毛利率 | 67.8% | 74.3% |
| 营业利润率 | -27.2% | -21.2% |
| 净利率 | -24.2% | -17.9% |
| 营收同比 | 28.7% | 10.1% |
| 净利润同比 | 9.4% | 26.7% |
| 每股收益（稀释后） | $-0.87 | $-0.21 |
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SNOWU
| Q4 25 | $1.2B | $503.1M | ||
| Q3 25 | $1.1B | $470.6M | ||
| Q2 25 | $1.0B | $440.9M | ||
| Q1 25 | $986.8M | $435.0M | ||
| Q4 24 | $942.1M | $457.1M | ||
| Q3 24 | $868.8M | $446.5M | ||
| Q2 24 | $828.7M | $449.3M | ||
| Q1 24 | $774.7M | $460.4M |
净利润SNOWU
| Q4 25 | $-294.0M | $-90.0M | ||
| Q3 25 | $-298.0M | $-126.4M | ||
| Q2 25 | $-430.1M | $-108.8M | ||
| Q1 25 | $-327.5M | $-77.6M | ||
| Q4 24 | $-324.3M | $-122.7M | ||
| Q3 24 | $-316.9M | $-124.7M | ||
| Q2 24 | $-317.0M | $-125.6M | ||
| Q1 24 | $-169.4M | $-291.1M |
毛利率SNOWU
| Q4 25 | 67.8% | 74.3% | ||
| Q3 25 | 67.5% | 74.4% | ||
| Q2 25 | 66.5% | 74.1% | ||
| Q1 25 | 66.2% | 73.8% | ||
| Q4 24 | 65.9% | 74.7% | ||
| Q3 24 | 66.8% | 74.9% | ||
| Q2 24 | 67.1% | 75.8% | ||
| Q1 24 | 68.8% | 68.6% |
营业利润率SNOWU
| Q4 25 | -27.2% | -21.2% | ||
| Q3 25 | -29.7% | -26.7% | ||
| Q2 25 | -42.9% | -26.9% | ||
| Q1 25 | -39.2% | -29.4% | ||
| Q4 24 | -38.8% | -27.1% | ||
| Q3 24 | -40.9% | -28.5% | ||
| Q2 24 | -42.1% | -28.8% | ||
| Q1 24 | -35.6% | -81.4% |
净利率SNOWU
| Q4 25 | -24.2% | -17.9% | ||
| Q3 25 | -26.0% | -26.9% | ||
| Q2 25 | -41.3% | -24.7% | ||
| Q1 25 | -33.2% | -17.8% | ||
| Q4 24 | -34.4% | -26.8% | ||
| Q3 24 | -36.5% | -27.9% | ||
| Q2 24 | -38.3% | -28.0% | ||
| Q1 24 | -21.9% | -63.2% |
每股收益（稀释后）SNOWU
| Q4 25 | $-0.87 | $-0.21 | ||
| Q3 25 | $-0.89 | $-0.30 | ||
| Q2 25 | $-1.29 | $-0.26 | ||
| Q1 25 | $-0.98 | $-0.19 | ||
| Q4 24 | $-0.98 | $-0.30 | ||
| Q3 24 | $-0.95 | $-0.31 | ||
| Q2 24 | $-0.95 | $-0.32 | ||
| Q1 24 | $-0.51 | $-0.75 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $3.2B |
| 总资产 | $8.2B | $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SNOWU
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.8B | $1.2B |
股东权益SNOWU
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.4B | $3.2B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | $3.0B | $3.2B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $4.1B | $3.2B | ||
| Q2 24 | $4.6B | $3.2B | ||
| Q1 24 | $5.2B | $3.2B |
总资产SNOWU
| Q4 25 | $8.2B | $6.8B | ||
| Q3 25 | $8.2B | $6.8B | ||
| Q2 25 | $8.2B | $6.7B | ||
| Q1 25 | $9.0B | $6.6B | ||
| Q4 24 | $8.2B | $6.7B | ||
| Q3 24 | $6.9B | $6.7B | ||
| Q2 24 | $7.3B | $6.7B | ||
| Q1 24 | $8.2B | $6.8B |
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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | $118.7M |
| 自由现金流率自由现金流/营收 | 9.4% | 23.6% |
| 资本支出强度资本支出/营收 | 2.0% | 0.5% |
| 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 | $403.9M |
8季度趋势，按日历期对齐
经营现金流SNOWU
| Q4 25 | $137.5M | $121.4M | ||
| Q3 25 | $74.9M | $155.4M | ||
| Q2 25 | $228.4M | $133.1M | ||
| Q1 25 | $432.7M | $13.0M | ||
| Q4 24 | $101.7M | $112.2M | ||
| Q3 24 | $69.9M | $122.4M | ||
| Q2 24 | $355.5M | $88.4M | ||
| Q1 24 | $344.6M | $-7.4M |
自由现金流SNOWU
| Q4 25 | $113.6M | $118.7M | ||
| Q3 25 | $58.2M | $151.3M | ||
| Q2 25 | $183.4M | $126.7M | ||
| Q1 25 | $421.4M | $7.3M | ||
| Q4 24 | $88.3M | $105.8M | ||
| Q3 24 | $64.8M | $115.2M | ||
| Q2 24 | $338.9M | $79.6M | ||
| Q1 24 | $331.5M | $-14.6M |
自由现金流率SNOWU
| Q4 25 | 9.4% | 23.6% | ||
| Q3 25 | 5.1% | 32.1% | ||
| Q2 25 | 17.6% | 28.7% | ||
| Q1 25 | 42.7% | 1.7% | ||
| Q4 24 | 9.4% | 23.1% | ||
| Q3 24 | 7.5% | 25.8% | ||
| Q2 24 | 40.9% | 17.7% | ||
| Q1 24 | 42.8% | -3.2% |
资本支出强度SNOWU
| Q4 25 | 2.0% | 0.5% | ||
| Q3 25 | 1.5% | 0.9% | ||
| Q2 25 | 4.3% | 1.5% | ||
| Q1 25 | 1.1% | 1.3% | ||
| Q4 24 | 1.4% | 1.4% | ||
| Q3 24 | 0.6% | 1.6% | ||
| Q2 24 | 2.0% | 2.0% | ||
| Q1 24 | 1.7% | 1.6% |
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% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
