vs
null（SWIM）与Thryv Holdings, Inc.（THRY）财务数据对比。点击上方公司名可切换其他公司
Thryv Holdings, Inc.的季度营收约是null的1.7倍（$167.7M vs $100.0M），Thryv Holdings, Inc.净利率更高（2.7% vs -7.0%，领先9.7%），null同比增速更快（14.5% vs -7.5%），null自由现金流更多（$14.1M vs $-5.5M），过去两年null的营收复合增速更高（-4.9% vs -13.5%）
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。
Thryv Holdings, Inc.是一家上市软件服务（SaaS）企业，面向中小企业提供客户关系管理与网络声誉管理软件解决方案。公司总部位于得克萨斯州达拉斯，业务覆盖美国48个州，现有员工超过2400名，其前身是多家黄页企业组成的集团。
SWIM vs THRY — 直观对比
营收规模更大
THRY
是对方的1.7倍
$100.0M
营收增速更快
SWIM
高出22.1%
-7.5%
净利率更高
THRY
高出9.7%
-7.0%
自由现金流更多
SWIM
多$19.5M
$-5.5M
两年增速更快
SWIM
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $167.7M |
| 净利润 | $-7.0M | $4.5M |
| 毛利率 | 28.0% | 65.2% |
| 营业利润率 | -10.7% | 37.3% |
| 净利率 | -7.0% | 2.7% |
| 营收同比 | 14.5% | -7.5% |
| 净利润同比 | 76.0% | 147.2% |
| 每股收益（稀释后） | $-0.06 | $0.10 |
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SWIMTHRY
| Q1 26 | — | $167.7M | ||
| Q4 25 | $100.0M | $191.6M | ||
| Q3 25 | $161.9M | $201.6M | ||
| Q2 25 | $172.6M | $210.5M | ||
| Q1 25 | $111.4M | $181.4M | ||
| Q4 24 | $87.3M | $186.6M | ||
| Q3 24 | $150.5M | $179.9M | ||
| Q2 24 | $160.1M | $224.1M |
净利润SWIMTHRY
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-7.0M | $-9.7M | ||
| Q3 25 | $8.1M | $5.7M | ||
| Q2 25 | $16.0M | $13.9M | ||
| Q1 25 | $-6.0M | $-9.6M | ||
| Q4 24 | $-29.2M | $7.9M | ||
| Q3 24 | $5.9M | $-96.1M | ||
| Q2 24 | $13.3M | $5.5M |
毛利率SWIMTHRY
| Q1 26 | — | 65.2% | ||
| Q4 25 | 28.0% | 68.0% | ||
| Q3 25 | 35.4% | 67.7% | ||
| Q2 25 | 37.1% | 69.7% | ||
| Q1 25 | 29.5% | 65.8% | ||
| Q4 24 | 24.6% | 65.9% | ||
| Q3 24 | 32.4% | 62.3% | ||
| Q2 24 | 33.1% | 66.3% |
营业利润率SWIMTHRY
| Q1 26 | — | 37.3% | ||
| Q4 25 | -10.7% | 5.3% | ||
| Q3 25 | 13.3% | 9.9% | ||
| Q2 25 | 14.3% | 14.0% | ||
| Q1 25 | -4.4% | -1.7% | ||
| Q4 24 | -14.9% | -3.9% | ||
| Q3 24 | 8.9% | -49.2% | ||
| Q2 24 | 12.5% | 14.0% |
净利率SWIMTHRY
| Q1 26 | — | 2.7% | ||
| Q4 25 | -7.0% | -5.0% | ||
| Q3 25 | 5.0% | 2.8% | ||
| Q2 25 | 9.3% | 6.6% | ||
| Q1 25 | -5.4% | -5.3% | ||
| Q4 24 | -33.4% | 4.2% | ||
| Q3 24 | 3.9% | -53.4% | ||
| Q2 24 | 8.3% | 2.5% |
每股收益（稀释后）SWIMTHRY
| Q1 26 | — | $0.10 | ||
| Q4 25 | $-0.06 | $-0.21 | ||
| Q3 25 | $0.07 | $0.13 | ||
| Q2 25 | $0.13 | $0.31 | ||
| Q1 25 | $-0.05 | $-0.22 | ||
| Q4 24 | $-0.24 | $0.28 | ||
| Q3 24 | $0.05 | $-2.65 | ||
| Q2 24 | $0.11 | $0.15 |
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 | — | $8.0M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $225.4M |
| 总资产 | $823.2M | $693.7M |
| 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SWIMTHRY
| Q1 26 | — | $8.0M | ||
| Q4 25 | — | $10.8M | ||
| Q3 25 | — | $11.6M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | — | $11.0M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $12.5M | ||
| Q2 24 | — | $15.5M |
总债务SWIMTHRY
| Q1 26 | — | — | ||
| Q4 25 | $279.8M | $253.5M | ||
| Q3 25 | $281.1M | $268.2M | ||
| Q2 25 | $281.5M | $275.6M | ||
| Q1 25 | $306.9M | $299.0M | ||
| Q4 24 | $281.5M | $284.3M | ||
| Q3 24 | $282.8M | $307.8M | ||
| Q2 24 | $282.4M | $342.1M |
股东权益SWIMTHRY
| Q1 26 | — | $225.4M | ||
| Q4 25 | $405.9M | $218.1M | ||
| Q3 25 | $408.4M | $221.1M | ||
| Q2 25 | $398.4M | $214.9M | ||
| Q1 25 | $381.1M | $193.2M | ||
| Q4 24 | $387.2M | $196.9M | ||
| Q3 24 | $416.6M | $94.5M | ||
| Q2 24 | $408.1M | $183.1M |
总资产SWIMTHRY
| Q1 26 | — | $693.7M | ||
| Q4 25 | $823.2M | $688.6M | ||
| Q3 25 | $844.4M | $701.8M | ||
| Q2 25 | $822.1M | $687.7M | ||
| Q1 25 | $824.6M | $703.7M | ||
| Q4 24 | $794.2M | $712.2M | ||
| Q3 24 | $853.4M | $654.8M | ||
| Q2 24 | $830.0M | $785.5M |
负债/权益比SWIMTHRY
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | 1.16× | ||
| Q3 25 | 0.69× | 1.21× | ||
| Q2 25 | 0.71× | 1.28× | ||
| Q1 25 | 0.81× | 1.55× | ||
| Q4 24 | 0.73× | 1.44× | ||
| Q3 24 | 0.68× | 3.26× | ||
| Q2 24 | 0.69× | 1.87× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $-5.5M |
| 自由现金流率自由现金流/营收 | 14.1% | -3.3% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $38.0M | $43.3M |
8季度趋势，按日历期对齐
经营现金流SWIMTHRY
| Q1 26 | — | — | ||
| Q4 25 | $23.3M | $22.2M | ||
| Q3 25 | $51.0M | $22.2M | ||
| Q2 25 | $36.0M | $29.6M | ||
| Q1 25 | $-46.9M | $-10.5M | ||
| Q4 24 | $6.2M | $26.1M | ||
| Q3 24 | $37.2M | $36.0M | ||
| Q2 24 | $52.4M | $22.2M |
自由现金流SWIMTHRY
| Q1 26 | — | $-5.5M | ||
| Q4 25 | $14.1M | $12.3M | ||
| Q3 25 | $45.2M | $14.6M | ||
| Q2 25 | $29.1M | $21.8M | ||
| Q1 25 | $-50.3M | $-17.6M | ||
| Q4 24 | $-98.0K | $17.3M | ||
| Q3 24 | $33.2M | $27.5M | ||
| Q2 24 | $47.9M | $13.3M |
自由现金流率SWIMTHRY
| Q1 26 | — | -3.3% | ||
| Q4 25 | 14.1% | 6.4% | ||
| Q3 25 | 27.9% | 7.2% | ||
| Q2 25 | 16.8% | 10.4% | ||
| Q1 25 | -45.2% | -9.7% | ||
| Q4 24 | -0.1% | 9.3% | ||
| Q3 24 | 22.1% | 15.3% | ||
| Q2 24 | 29.9% | 5.9% |
资本支出强度SWIMTHRY
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | 5.2% | ||
| Q3 25 | 3.6% | 3.8% | ||
| Q2 25 | 4.0% | 3.7% | ||
| Q1 25 | 3.1% | 3.9% | ||
| Q4 24 | 7.2% | 4.7% | ||
| Q3 24 | 2.7% | 4.7% | ||
| Q2 24 | 2.8% | 4.0% |
现金转化率SWIMTHRY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | 3.93× | ||
| Q2 25 | 2.25× | 2.12× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | 6.32× | — | ||
| Q2 24 | 3.95× | 4.01× |
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% |
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
