vs
null（SWIM）与Talkspace, Inc.（TALK）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Talkspace, Inc.的1.6倍（$100.0M vs $63.0M），Talkspace, Inc.净利率更高（7.6% vs -7.0%，领先14.6%），Talkspace, Inc.同比增速更快（29.3% vs 14.5%），过去两年Talkspace, Inc.的营收复合增速更高（17.8% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
Talkspace, Inc.是一家提供线上与移动端心理咨询服务的美国企业，由奥伦·弗兰克与罗尼·弗兰克创立于2012年，总部位于纽约。公司依托网页与移动端平台，帮助用户对接具备执业资质的心理咨询师与精神科医师，支持文字、音频、视频消息沟通，部分场景还可提供实时视频咨询服务。
SWIM vs TALK — 直观对比
营收规模更大
SWIM
是对方的1.6倍
$63.0M
营收增速更快
TALK
高出14.8%
14.5%
净利率更高
TALK
高出14.6%
-7.0%
两年增速更快
TALK
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $63.0M |
| 净利润 | $-7.0M | $4.8M |
| 毛利率 | 28.0% | — |
| 营业利润率 | -10.7% | 6.1% |
| 净利率 | -7.0% | 7.6% |
| 营收同比 | 14.5% | 29.3% |
| 净利润同比 | 76.0% | 292.5% |
| 每股收益（稀释后） | $-0.06 | — |
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SWIMTALK
| Q4 25 | $100.0M | $63.0M | ||
| Q3 25 | $161.9M | $59.4M | ||
| Q2 25 | $172.6M | $54.3M | ||
| Q1 25 | $111.4M | $52.2M | ||
| Q4 24 | $87.3M | $48.7M | ||
| Q3 24 | $150.5M | $47.4M | ||
| Q2 24 | $160.1M | $46.1M | ||
| Q1 24 | $110.6M | $45.4M |
净利润SWIMTALK
| Q4 25 | $-7.0M | $4.8M | ||
| Q3 25 | $8.1M | $3.3M | ||
| Q2 25 | $16.0M | $-541.0K | ||
| Q1 25 | $-6.0M | $318.0K | ||
| Q4 24 | $-29.2M | $1.2M | ||
| Q3 24 | $5.9M | $1.9M | ||
| Q2 24 | $13.3M | $-474.0K | ||
| Q1 24 | $-7.9M | $-1.5M |
毛利率SWIMTALK
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | 44.6% | ||
| Q4 24 | 24.6% | 44.2% | ||
| Q3 24 | 32.4% | 45.6% | ||
| Q2 24 | 33.1% | 45.5% | ||
| Q1 24 | 27.7% | 47.8% |
营业利润率SWIMTALK
| Q4 25 | -10.7% | 6.1% | ||
| Q3 25 | 13.3% | 3.7% | ||
| Q2 25 | 14.3% | -3.3% | ||
| Q1 25 | -4.4% | -2.1% | ||
| Q4 24 | -14.9% | 1.2% | ||
| Q3 24 | 8.9% | 0.2% | ||
| Q2 24 | 12.5% | -7.6% | ||
| Q1 24 | -1.9% | -3.7% |
净利率SWIMTALK
| Q4 25 | -7.0% | 7.6% | ||
| Q3 25 | 5.0% | 5.5% | ||
| Q2 25 | 9.3% | -1.0% | ||
| Q1 25 | -5.4% | 0.6% | ||
| Q4 24 | -33.4% | 2.5% | ||
| Q3 24 | 3.9% | 4.0% | ||
| Q2 24 | 8.3% | -1.0% | ||
| Q1 24 | -7.1% | -3.2% |
每股收益（稀释后）SWIMTALK
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.07 | $0.02 | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $-0.05 | $0.00 | ||
| Q4 24 | $-0.24 | $0.01 | ||
| Q3 24 | $0.05 | $0.01 | ||
| Q2 24 | $0.11 | $0.00 | ||
| Q1 24 | $-0.07 | $-0.01 |
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 | — | $37.4M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $117.0M |
| 总资产 | $823.2M | $134.9M |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMTALK
| Q4 25 | — | $37.4M | ||
| Q3 25 | — | $39.5M | ||
| Q2 25 | — | $54.3M | ||
| Q1 25 | — | $60.1M | ||
| Q4 24 | — | $76.7M | ||
| Q3 24 | — | $119.0M | ||
| Q2 24 | — | $114.9M | ||
| Q1 24 | — | $120.3M |
总债务SWIMTALK
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — | ||
| Q1 24 | $282.8M | — |
股东权益SWIMTALK
| Q4 25 | $405.9M | $117.0M | ||
| Q3 25 | $408.4M | $109.1M | ||
| Q2 25 | $398.4M | $112.9M | ||
| Q1 25 | $381.1M | $113.4M | ||
| Q4 24 | $387.2M | $117.4M | ||
| Q3 24 | $416.6M | $117.6M | ||
| Q2 24 | $408.1M | $114.0M | ||
| Q1 24 | $391.8M | $119.6M |
总资产SWIMTALK
| Q4 25 | $823.2M | $134.9M | ||
| Q3 25 | $844.4M | $129.1M | ||
| Q2 25 | $822.1M | $132.8M | ||
| Q1 25 | $824.6M | $134.2M | ||
| Q4 24 | $794.2M | $138.7M | ||
| Q3 24 | $853.4M | $138.2M | ||
| Q2 24 | $830.0M | $133.8M | ||
| Q1 24 | $808.6M | $138.3M |
负债/权益比SWIMTALK
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 0.72× | — |
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 | $23.3M | $5.4M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | — |
| 自由现金流率自由现金流/营收 | 14.1% | — |
| 资本支出强度资本支出/营收 | 9.2% | — |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $38.0M | — |
8季度趋势，按日历期对齐
经营现金流SWIMTALK
| Q4 25 | $23.3M | $5.4M | ||
| Q3 25 | $51.0M | $4.7M | ||
| Q2 25 | $36.0M | $-351.0K | ||
| Q1 25 | $-46.9M | $-1.2M | ||
| Q4 24 | $6.2M | $3.7M | ||
| Q3 24 | $37.2M | $6.2M | ||
| Q2 24 | $52.4M | $4.8M | ||
| Q1 24 | $-34.5M | $-3.4M |
自由现金流SWIMTALK
| Q4 25 | $14.1M | — | ||
| Q3 25 | $45.2M | — | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $-50.3M | — | ||
| Q4 24 | $-98.0K | — | ||
| Q3 24 | $33.2M | — | ||
| Q2 24 | $47.9M | $4.5M | ||
| Q1 24 | $-39.9M | $-3.8M |
自由现金流率SWIMTALK
| Q4 25 | 14.1% | — | ||
| Q3 25 | 27.9% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | -45.2% | — | ||
| Q4 24 | -0.1% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 29.9% | 9.7% | ||
| Q1 24 | -36.0% | -8.3% |
资本支出强度SWIMTALK
| Q4 25 | 9.2% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 4.8% | 0.8% |
现金转化率SWIMTALK
| Q4 25 | — | 1.13× | ||
| Q3 25 | 6.29× | 1.46× | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | -3.90× | ||
| Q4 24 | — | 3.02× | ||
| Q3 24 | 6.32× | 3.31× | ||
| Q2 24 | 3.95× | — | ||
| 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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
TALK
| Payor Revenue | $47.7M | 76% |
| Dte Revenue | $11.6M | 18% |
| Consumer | $3.7M | 6% |
