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SS&C Technologies Holdings Inc（SSNC）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
SS&C Technologies Holdings Inc的季度营收约是Toast, Inc.的1.0倍（$1.6B vs $1.6B），SS&C Technologies Holdings Inc净利率更高（13.7% vs 6.2%，领先7.5%），Toast, Inc.同比增速更快（22.0% vs 8.8%），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 6.5%）
SS&C Technologies Holdings Inc.是总部位于美国康涅狄格州温莎的跨国控股企业，面向金融服务行业提供专业软件及软件即服务（SaaS）解决方案，业务覆盖全球，在美洲、欧洲、亚洲、非洲及澳洲均设有办公网点。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
SSNC vs TOST — 直观对比
营收规模更大
SSNC
是对方的1.0倍
$1.6B
营收增速更快
TOST
高出13.2%
8.8%
净利率更高
SSNC
高出7.5%
6.2%
两年增速更快
TOST
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $226.1M | $101.0M |
| 毛利率 | 48.7% | 25.9% |
| 营业利润率 | 24.2% | 5.2% |
| 净利率 | 13.7% | 6.2% |
| 营收同比 | 8.8% | 22.0% |
| 净利润同比 | 6.2% | 215.6% |
| 每股收益（稀释后） | $0.91 | $0.18 |
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SSNCTOST
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B |
净利润SSNCTOST
| Q1 26 | $226.1M | — | ||
| Q4 25 | $193.1M | $101.0M | ||
| Q3 25 | $210.0M | $105.0M | ||
| Q2 25 | $180.8M | $80.0M | ||
| Q1 25 | $213.0M | $56.0M | ||
| Q4 24 | $248.2M | $32.0M | ||
| Q3 24 | $164.4M | $56.0M | ||
| Q2 24 | $190.3M | $14.0M |
毛利率SSNCTOST
| Q1 26 | 48.7% | — | ||
| Q4 25 | 47.8% | 25.9% | ||
| Q3 25 | 47.7% | 26.5% | ||
| Q2 25 | 48.0% | 25.3% | ||
| Q1 25 | 49.3% | 25.9% | ||
| Q4 24 | 49.3% | 24.9% | ||
| Q3 24 | 48.0% | 24.7% | ||
| Q2 24 | 48.1% | 23.0% |
营业利润率SSNCTOST
| Q1 26 | 24.2% | — | ||
| Q4 25 | 22.3% | 5.2% | ||
| Q3 25 | 23.3% | 5.1% | ||
| Q2 25 | 22.4% | 5.2% | ||
| Q1 25 | 23.6% | 3.2% | ||
| Q4 24 | 23.4% | 2.5% | ||
| Q3 24 | 22.2% | 2.6% | ||
| Q2 24 | 22.6% | 0.4% |
净利率SSNCTOST
| Q1 26 | 13.7% | — | ||
| Q4 25 | 11.7% | 6.2% | ||
| Q3 25 | 13.4% | 6.4% | ||
| Q2 25 | 11.8% | 5.2% | ||
| Q1 25 | 14.1% | 4.2% | ||
| Q4 24 | 16.2% | 2.4% | ||
| Q3 24 | 11.2% | 4.3% | ||
| Q2 24 | 13.1% | 1.1% |
每股收益（稀释后）SSNCTOST
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.76 | $0.18 | ||
| Q3 25 | $0.83 | $0.16 | ||
| Q2 25 | $0.72 | $0.13 | ||
| Q1 25 | $0.84 | $0.09 | ||
| Q4 24 | $0.98 | $0.09 | ||
| Q3 24 | $0.65 | $0.07 | ||
| Q2 24 | $0.75 | $0.02 |
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 | $420.9M | $1.4B |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $6.9B | $2.1B |
| 总资产 | $20.3B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.08× | — |
8季度趋势，按日历期对齐
现金及短期投资SSNCTOST
| Q1 26 | $420.9M | — | ||
| Q4 25 | $462.1M | $1.4B | ||
| Q3 25 | $388.3M | $1.4B | ||
| Q2 25 | $480.3M | $1.2B | ||
| Q1 25 | $515.0M | $1.0B | ||
| Q4 24 | $567.1M | $903.0M | ||
| Q3 24 | $694.7M | $761.0M | ||
| Q2 24 | $462.7M | $691.0M |
总债务SSNCTOST
| Q1 26 | $7.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SSNCTOST
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $2.1B | ||
| Q3 25 | $6.9B | $2.0B | ||
| Q2 25 | $6.9B | $1.8B | ||
| Q1 25 | $6.8B | $1.7B | ||
| Q4 24 | $6.5B | $1.5B | ||
| Q3 24 | $6.8B | $1.4B | ||
| Q2 24 | $6.4B | $1.3B |
总资产SSNCTOST
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.7B | $3.1B | ||
| Q3 25 | $19.5B | $3.0B | ||
| Q2 25 | $19.0B | $2.8B | ||
| Q1 25 | $20.4B | $2.6B | ||
| Q4 24 | $19.0B | $2.4B | ||
| Q3 24 | $18.4B | $2.2B | ||
| Q2 24 | $16.9B | $2.2B |
负债/权益比SSNCTOST
| Q1 26 | 1.08× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $299.7M | $194.0M |
| 自由现金流经营现金流 - 资本支出 | — | $178.0M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | 0.0% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.33× | 1.92× |
| 过去12个月自由现金流最近4个季度 | — | $608.0M |
8季度趋势，按日历期对齐
经营现金流SSNCTOST
| Q1 26 | $299.7M | — | ||
| Q4 25 | $643.5M | $194.0M | ||
| Q3 25 | $456.2M | $165.0M | ||
| Q2 25 | $372.9M | $223.0M | ||
| Q1 25 | $272.2M | $79.0M | ||
| Q4 24 | $486.6M | $147.0M | ||
| Q3 24 | $336.6M | $109.0M | ||
| Q2 24 | $384.9M | $124.0M |
自由现金流SSNCTOST
| Q1 26 | — | — | ||
| Q4 25 | $633.0M | $178.0M | ||
| Q3 25 | $421.5M | $153.0M | ||
| Q2 25 | $350.0M | $208.0M | ||
| Q1 25 | $259.5M | $69.0M | ||
| Q4 24 | $466.9M | $134.0M | ||
| Q3 24 | $310.7M | $97.0M | ||
| Q2 24 | $374.9M | $108.0M |
自由现金流率SSNCTOST
| Q1 26 | — | — | ||
| Q4 25 | 38.3% | 10.9% | ||
| Q3 25 | 26.9% | 9.4% | ||
| Q2 25 | 22.8% | 13.4% | ||
| Q1 25 | 17.1% | 5.2% | ||
| Q4 24 | 30.5% | 10.0% | ||
| Q3 24 | 21.2% | 7.4% | ||
| Q2 24 | 25.8% | 8.7% |
资本支出强度SSNCTOST
| Q1 26 | 0.0% | — | ||
| Q4 25 | 0.6% | 1.0% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 0.8% | 0.7% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 0.7% | 1.3% |
现金转化率SSNCTOST
| Q1 26 | 1.33× | — | ||
| Q4 25 | 3.33× | 1.92× | ||
| Q3 25 | 2.17× | 1.57× | ||
| Q2 25 | 2.06× | 2.79× | ||
| Q1 25 | 1.28× | 1.41× | ||
| Q4 24 | 1.96× | 4.59× | ||
| Q3 24 | 2.05× | 1.95× | ||
| Q2 24 | 2.02× | 8.86× |
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
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
