vs
null（SWIM）与Xometry, Inc.（XMTR）财务数据对比。点击上方公司名可切换其他公司
Xometry, Inc.的季度营收约是null的1.9倍（$192.4M vs $100.0M），Xometry, Inc.净利率更高（-4.5% vs -7.0%，领先2.5%），Xometry, Inc.同比增速更快（29.5% vs 14.5%），null自由现金流更多（$14.1M vs $-5.9M），过去两年Xometry, Inc.的营收复合增速更高（25.2% 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。
Xometry是一家按需制造零部件采购线上平台，服务覆盖原型研发到规模化生产的全流程需求，为各行业客户高效匹配制造产能，简化定制零部件的采购流程，助力企业缩短产品落地周期。
SWIM vs XMTR — 直观对比
营收规模更大
XMTR
是对方的1.9倍
$100.0M
营收增速更快
XMTR
高出15.0%
14.5%
净利率更高
XMTR
高出2.5%
-7.0%
自由现金流更多
SWIM
多$19.9M
$-5.9M
两年增速更快
XMTR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $192.4M |
| 净利润 | $-7.0M | $-8.6M |
| 毛利率 | 28.0% | 39.1% |
| 营业利润率 | -10.7% | -4.6% |
| 净利率 | -7.0% | -4.5% |
| 营收同比 | 14.5% | 29.5% |
| 净利润同比 | 76.0% | 12.7% |
| 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SWIMXMTR
| Q4 25 | $100.0M | $192.4M | ||
| Q3 25 | $161.9M | $180.7M | ||
| Q2 25 | $172.6M | $162.5M | ||
| Q1 25 | $111.4M | $151.0M | ||
| Q4 24 | $87.3M | $148.5M | ||
| Q3 24 | $150.5M | $141.7M | ||
| Q2 24 | $160.1M | $132.6M | ||
| Q1 24 | $110.6M | $122.7M |
净利润SWIMXMTR
| Q4 25 | $-7.0M | $-8.6M | ||
| Q3 25 | $8.1M | $-11.6M | ||
| Q2 25 | $16.0M | $-26.4M | ||
| Q1 25 | $-6.0M | $-15.1M | ||
| Q4 24 | $-29.2M | $-9.9M | ||
| Q3 24 | $5.9M | $-10.2M | ||
| Q2 24 | $13.3M | $-13.7M | ||
| Q1 24 | $-7.9M | $-16.6M |
毛利率SWIMXMTR
| Q4 25 | 28.0% | 39.1% | ||
| Q3 25 | 35.4% | 39.9% | ||
| Q2 25 | 37.1% | 40.1% | ||
| Q1 25 | 29.5% | 37.3% | ||
| Q4 24 | 24.6% | 39.7% | ||
| Q3 24 | 32.4% | 39.4% | ||
| Q2 24 | 33.1% | 39.9% | ||
| Q1 24 | 27.7% | 39.0% |
营业利润率SWIMXMTR
| Q4 25 | -10.7% | -4.6% | ||
| Q3 25 | 13.3% | -6.1% | ||
| Q2 25 | 14.3% | -6.3% | ||
| Q1 25 | -4.4% | -10.2% | ||
| Q4 24 | -14.9% | -7.8% | ||
| Q3 24 | 8.9% | -8.1% | ||
| Q2 24 | 12.5% | -11.5% | ||
| Q1 24 | -1.9% | -14.6% |
净利率SWIMXMTR
| Q4 25 | -7.0% | -4.5% | ||
| Q3 25 | 5.0% | -6.4% | ||
| Q2 25 | 9.3% | -16.3% | ||
| Q1 25 | -5.4% | -10.0% | ||
| Q4 24 | -33.4% | -6.7% | ||
| Q3 24 | 3.9% | -7.2% | ||
| Q2 24 | 8.3% | -10.3% | ||
| Q1 24 | -7.1% | -13.5% |
每股收益（稀释后）SWIMXMTR
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.24 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $-0.07 | — |
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 | — | $219.1M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $275.6M |
| 总资产 | $823.2M | $703.7M |
| 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SWIMXMTR
| Q4 25 | — | $219.1M | ||
| Q3 25 | — | $224.5M | ||
| Q2 25 | — | $225.8M | ||
| Q1 25 | — | $231.4M | ||
| Q4 24 | — | $239.8M | ||
| Q3 24 | — | $234.0M | ||
| Q2 24 | — | $240.9M | ||
| Q1 24 | — | $253.8M |
总债务SWIMXMTR
| 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SWIMXMTR
| Q4 25 | $405.9M | $275.6M | ||
| Q3 25 | $408.4M | $272.0M | ||
| Q2 25 | $398.4M | $270.4M | ||
| Q1 25 | $381.1M | $309.9M | ||
| Q4 24 | $387.2M | $314.5M | ||
| Q3 24 | $416.6M | $315.2M | ||
| Q2 24 | $408.1M | $315.8M | ||
| Q1 24 | $391.8M | $320.4M |
总资产SWIMXMTR
| Q4 25 | $823.2M | $703.7M | ||
| Q3 25 | $844.4M | $698.9M | ||
| Q2 25 | $822.1M | $687.0M | ||
| Q1 25 | $824.6M | $690.1M | ||
| Q4 24 | $794.2M | $680.1M | ||
| Q3 24 | $853.4M | $678.2M | ||
| Q2 24 | $830.0M | $678.6M | ||
| Q1 24 | $808.6M | $692.5M |
负债/权益比SWIMXMTR
| 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 | $4.4M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $-5.9M |
| 自由现金流率自由现金流/营收 | 14.1% | -3.0% |
| 资本支出强度资本支出/营收 | 9.2% | 5.3% |
| 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 | $-24.1M |
8季度趋势，按日历期对齐
经营现金流SWIMXMTR
| Q4 25 | $23.3M | $4.4M | ||
| Q3 25 | $51.0M | $5.8M | ||
| Q2 25 | $36.0M | $-427.0K | ||
| Q1 25 | $-46.9M | $-3.7M | ||
| Q4 24 | $6.2M | $9.1M | ||
| Q3 24 | $37.2M | $-3.6M | ||
| Q2 24 | $52.4M | $-9.1M | ||
| Q1 24 | $-34.5M | $-11.7M |
自由现金流SWIMXMTR
| Q4 25 | $14.1M | $-5.9M | ||
| Q3 25 | $45.2M | $-1.7M | ||
| Q2 25 | $29.1M | $-7.4M | ||
| Q1 25 | $-50.3M | $-9.2M | ||
| Q4 24 | $-98.0K | $4.5M | ||
| Q3 24 | $33.2M | $-8.4M | ||
| Q2 24 | $47.9M | $-13.5M | ||
| Q1 24 | $-39.9M | $-16.1M |
自由现金流率SWIMXMTR
| Q4 25 | 14.1% | -3.0% | ||
| Q3 25 | 27.9% | -0.9% | ||
| Q2 25 | 16.8% | -4.5% | ||
| Q1 25 | -45.2% | -6.1% | ||
| Q4 24 | -0.1% | 3.1% | ||
| Q3 24 | 22.1% | -6.0% | ||
| Q2 24 | 29.9% | -10.2% | ||
| Q1 24 | -36.0% | -13.1% |
资本支出强度SWIMXMTR
| Q4 25 | 9.2% | 5.3% | ||
| Q3 25 | 3.6% | 4.1% | ||
| Q2 25 | 4.0% | 4.3% | ||
| Q1 25 | 3.1% | 3.6% | ||
| Q4 24 | 7.2% | 3.1% | ||
| Q3 24 | 2.7% | 3.4% | ||
| Q2 24 | 2.8% | 3.3% | ||
| Q1 24 | 4.8% | 3.5% |
现金转化率SWIMXMTR
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | — | ||
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
