vs
森萨塔科技（ST）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
森萨塔科技的季度营收约是罗塞塔石碑的1.6倍（$934.8M vs $586.5M），森萨塔科技净利率更高（9.3% vs -21.0%，领先30.4%），罗塞塔石碑同比增速更快（73.0% vs 2.6%），森萨塔科技自由现金流更多（$104.6M vs $26.7M），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs -5.0%）
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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
ST vs STEP — 直观对比
营收规模更大
ST
是对方的1.6倍
$586.5M
营收增速更快
STEP
高出70.4%
2.6%
净利率更高
ST
高出30.4%
-21.0%
自由现金流更多
ST
多$77.9M
$26.7M
两年增速更快
STEP
近两年复合增速
-5.0%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $934.8M | $586.5M |
| 净利润 | $87.1M | $-123.5M |
| 毛利率 | 30.6% | — |
| 营业利润率 | 15.1% | -33.2% |
| 净利率 | 9.3% | -21.0% |
| 营收同比 | 2.6% | 73.0% |
| 净利润同比 | 24.6% | 35.7% |
| 每股收益（稀释后） | $0.59 | $-1.55 |
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STSTEP
| Q1 26 | $934.8M | — | ||
| Q4 25 | $917.9M | $586.5M | ||
| Q3 25 | $932.0M | $454.2M | ||
| Q2 25 | $943.4M | $364.3M | ||
| Q1 25 | $911.3M | $377.7M | ||
| Q4 24 | $907.7M | $339.0M | ||
| Q3 24 | $982.8M | $271.7M | ||
| Q2 24 | $1.0B | $186.4M |
净利润STSTEP
| Q1 26 | $87.1M | — | ||
| Q4 25 | $63.2M | $-123.5M | ||
| Q3 25 | $-162.5M | $-366.1M | ||
| Q2 25 | $60.7M | $-38.4M | ||
| Q1 25 | $69.9M | $-18.5M | ||
| Q4 24 | $5.8M | $-192.0M | ||
| Q3 24 | $-25.0M | $17.6M | ||
| Q2 24 | $71.7M | $13.3M |
毛利率STSTEP
| Q1 26 | 30.6% | — | ||
| Q4 25 | 29.0% | — | ||
| Q3 25 | 27.8% | — | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 27.1% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 30.0% | — |
营业利润率STSTEP
| Q1 26 | 15.1% | — | ||
| Q4 25 | 10.9% | -33.2% | ||
| Q3 25 | -13.2% | -148.8% | ||
| Q2 25 | 14.6% | -5.6% | ||
| Q1 25 | 13.4% | 2.6% | ||
| Q4 24 | 8.1% | -101.7% | ||
| Q3 24 | -20.3% | 21.3% | ||
| Q2 24 | 12.5% | 29.4% |
净利率STSTEP
| Q1 26 | 9.3% | — | ||
| Q4 25 | 6.9% | -21.0% | ||
| Q3 25 | -17.4% | -80.6% | ||
| Q2 25 | 6.4% | -10.5% | ||
| Q1 25 | 7.7% | -4.9% | ||
| Q4 24 | 0.6% | -56.6% | ||
| Q3 24 | -2.5% | 6.5% | ||
| Q2 24 | 6.9% | 7.2% |
每股收益（稀释后）STSTEP
| Q1 26 | $0.59 | — | ||
| Q4 25 | $0.45 | $-1.55 | ||
| Q3 25 | $-1.12 | $-4.66 | ||
| Q2 25 | $0.41 | $-0.49 | ||
| Q1 25 | $0.47 | $-0.37 | ||
| Q4 24 | $0.05 | $-2.61 | ||
| Q3 24 | $-0.17 | $0.26 | ||
| Q2 24 | $0.47 | $0.20 |
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 | $635.1M | — |
| 总债务越低越好 | — | $270.2M |
| 股东权益账面价值 | $2.9B | $-378.8M |
| 总资产 | $6.8B | $5.2B |
| 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STSTEP
| Q1 26 | $635.1M | — | ||
| Q4 25 | $573.0M | — | ||
| Q3 25 | $791.3M | — | ||
| Q2 25 | $661.8M | — | ||
| Q1 25 | $588.1M | — | ||
| Q4 24 | $593.7M | — | ||
| Q3 24 | $506.2M | — | ||
| Q2 24 | $1.0B | — |
总债务STSTEP
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | $3.2B | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M |
股东权益STSTEP
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.8B | $-378.8M | ||
| Q3 25 | $2.7B | $-233.5M | ||
| Q2 25 | $2.9B | $153.9M | ||
| Q1 25 | $2.8B | $179.4M | ||
| Q4 24 | $2.9B | $209.8M | ||
| Q3 24 | $3.0B | $397.5M | ||
| Q2 24 | $3.0B | $366.9M |
总资产STSTEP
| Q1 26 | $6.8B | — | ||
| Q4 25 | $6.8B | $5.2B | ||
| Q3 25 | $7.1B | $5.3B | ||
| Q2 25 | $7.3B | $4.8B | ||
| Q1 25 | $7.2B | $4.6B | ||
| Q4 24 | $7.1B | $4.3B | ||
| Q3 24 | $7.3B | $4.0B | ||
| Q2 24 | $8.2B | $3.8B |
负债/权益比STSTEP
| Q1 26 | — | — | ||
| Q4 25 | 1.02× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 1.11× | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× |
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 | $122.5M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $104.6M | $26.7M |
| 自由现金流率自由现金流/营收 | 11.2% | 4.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | $508.3M | $18.6M |
8季度趋势，按日历期对齐
经营现金流STSTEP
| Q1 26 | $122.5M | — | ||
| Q4 25 | $201.5M | $27.2M | ||
| Q3 25 | $159.9M | $16.2M | ||
| Q2 25 | $140.9M | $46.3M | ||
| Q1 25 | $119.2M | $-66.5M | ||
| Q4 24 | $170.7M | $27.6M | ||
| Q3 24 | $130.9M | $53.7M | ||
| Q2 24 | $143.5M | $50.2M |
自由现金流STSTEP
| Q1 26 | $104.6M | — | ||
| Q4 25 | $151.9M | $26.7M | ||
| Q3 25 | $136.2M | $15.9M | ||
| Q2 25 | $115.5M | $45.2M | ||
| Q1 25 | $86.6M | $-69.2M | ||
| Q4 24 | $138.9M | $27.0M | ||
| Q3 24 | $91.3M | $52.4M | ||
| Q2 24 | $98.4M | $49.6M |
自由现金流率STSTEP
| Q1 26 | 11.2% | — | ||
| Q4 25 | 16.6% | 4.6% | ||
| Q3 25 | 14.6% | 3.5% | ||
| Q2 25 | 12.2% | 12.4% | ||
| Q1 25 | 9.5% | -18.3% | ||
| Q4 24 | 15.3% | 8.0% | ||
| Q3 24 | 9.3% | 19.3% | ||
| Q2 24 | 9.5% | 26.6% |
资本支出强度STSTEP
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 0.1% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 2.7% | 0.3% | ||
| Q1 25 | 3.6% | 0.7% | ||
| Q4 24 | 3.5% | 0.2% | ||
| Q3 24 | 4.0% | 0.5% | ||
| Q2 24 | 4.4% | 0.3% |
现金转化率STSTEP
| Q1 26 | 1.41× | — | ||
| Q4 25 | 3.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.32× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 29.50× | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | 2.00× | 3.76× |
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
ST
暂无分部数据
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
