vs
null（SWIM）与Xperi Inc.（XPER）财务数据对比。点击上方公司名可切换其他公司
Xperi Inc.的季度营收约是null的1.2倍（$116.5M vs $100.0M），null净利率更高（-7.0% vs -14.7%，领先7.6%），null同比增速更快（14.5% vs -4.8%），null自由现金流更多（$14.1M vs $1.2M），过去两年Xperi Inc.的营收复合增速更高（-1.0% 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。
Xperi是一家美国跨国科技企业，总部位于加利福尼亚州圣何塞，专注研发消费电子与联网车载软件，以及宽带视频服务媒体平台，业务分为付费电视、消费电子、联网汽车与媒体平台四大板块，旗下拥有DTS、HD Radio、TiVo等知名品牌。
SWIM vs XPER — 直观对比
营收规模更大
XPER
是对方的1.2倍
$100.0M
营收增速更快
SWIM
高出19.3%
-4.8%
净利率更高
SWIM
高出7.6%
-14.7%
自由现金流更多
SWIM
多$12.9M
$1.2M
两年增速更快
XPER
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $116.5M |
| 净利润 | $-7.0M | $-17.1M |
| 毛利率 | 28.0% | — |
| 营业利润率 | -10.7% | -12.7% |
| 净利率 | -7.0% | -14.7% |
| 营收同比 | 14.5% | -4.8% |
| 净利润同比 | 76.0% | -137.0% |
| 每股收益（稀释后） | $-0.06 | $-0.37 |
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SWIMXPER
| Q4 25 | $100.0M | $116.5M | ||
| Q3 25 | $161.9M | $111.6M | ||
| Q2 25 | $172.6M | $105.9M | ||
| Q1 25 | $111.4M | $114.0M | ||
| Q4 24 | $87.3M | $122.4M | ||
| Q3 24 | $150.5M | $132.9M | ||
| Q2 24 | $160.1M | $119.6M | ||
| Q1 24 | $110.6M | $118.8M |
净利润SWIMXPER
| Q4 25 | $-7.0M | $-17.1M | ||
| Q3 25 | $8.1M | $-6.1M | ||
| Q2 25 | $16.0M | $-14.8M | ||
| Q1 25 | $-6.0M | $-18.4M | ||
| Q4 24 | $-29.2M | $46.2M | ||
| Q3 24 | $5.9M | $-16.8M | ||
| Q2 24 | $13.3M | $-30.3M | ||
| Q1 24 | $-7.9M | $-13.1M |
毛利率SWIMXPER
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — | ||
| Q1 24 | 27.7% | — |
营业利润率SWIMXPER
| Q4 25 | -10.7% | -12.7% | ||
| Q3 25 | 13.3% | -1.2% | ||
| Q2 25 | 14.3% | -10.5% | ||
| Q1 25 | -4.4% | -14.4% | ||
| Q4 24 | -14.9% | -11.7% | ||
| Q3 24 | 8.9% | -14.0% | ||
| Q2 24 | 12.5% | -18.3% | ||
| Q1 24 | -1.9% | -27.2% |
净利率SWIMXPER
| Q4 25 | -7.0% | -14.7% | ||
| Q3 25 | 5.0% | -5.5% | ||
| Q2 25 | 9.3% | -14.0% | ||
| Q1 25 | -5.4% | -16.1% | ||
| Q4 24 | -33.4% | 37.8% | ||
| Q3 24 | 3.9% | -12.6% | ||
| Q2 24 | 8.3% | -25.3% | ||
| Q1 24 | -7.1% | -11.0% |
每股收益（稀释后）SWIMXPER
| Q4 25 | $-0.06 | $-0.37 | ||
| Q3 25 | $0.07 | $-0.13 | ||
| Q2 25 | $0.13 | $-0.32 | ||
| Q1 25 | $-0.05 | $-0.41 | ||
| Q4 24 | $-0.24 | $1.02 | ||
| Q3 24 | $0.05 | $-0.37 | ||
| Q2 24 | $0.11 | $-0.67 | ||
| Q1 24 | $-0.07 | $-0.29 |
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 | — | $96.8M |
| 总债务越低越好 | $279.8M | $27.7M |
| 股东权益账面价值 | $405.9M | $414.1M |
| 总资产 | $823.2M | $615.8M |
| 负债/权益比越低杠杆越低 | 0.69× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资SWIMXPER
| Q4 25 | — | $96.8M | ||
| Q3 25 | — | $96.8M | ||
| Q2 25 | — | $95.1M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $130.6M | ||
| Q3 24 | — | $72.7M | ||
| Q2 24 | — | $92.5M | ||
| Q1 24 | — | $95.2M |
总债务SWIMXPER
| Q4 25 | $279.8M | $27.7M | ||
| Q3 25 | $281.1M | $27.7M | ||
| Q2 25 | $281.5M | $27.7M | ||
| Q1 25 | $306.9M | $27.7M | ||
| Q4 24 | $281.5M | $27.7M | ||
| Q3 24 | $282.8M | $27.7M | ||
| Q2 24 | $282.4M | $27.7M | ||
| Q1 24 | $282.8M | $27.7M |
股东权益SWIMXPER
| Q4 25 | $405.9M | $414.1M | ||
| Q3 25 | $408.4M | $421.0M | ||
| Q2 25 | $398.4M | $419.8M | ||
| Q1 25 | $381.1M | $418.9M | ||
| Q4 24 | $387.2M | $429.1M | ||
| Q3 24 | $416.6M | $377.4M | ||
| Q2 24 | $408.1M | $388.7M | ||
| Q1 24 | $391.8M | $399.1M |
总资产SWIMXPER
| Q4 25 | $823.2M | $615.8M | ||
| Q3 25 | $844.4M | $628.8M | ||
| Q2 25 | $822.1M | $629.2M | ||
| Q1 25 | $824.6M | $633.5M | ||
| Q4 24 | $794.2M | $667.8M | ||
| Q3 24 | $853.4M | $616.2M | ||
| Q2 24 | $830.0M | $619.2M | ||
| Q1 24 | $808.6M | $630.4M |
负债/权益比SWIMXPER
| Q4 25 | 0.69× | 0.07× | ||
| Q3 25 | 0.69× | 0.07× | ||
| Q2 25 | 0.71× | 0.07× | ||
| Q1 25 | 0.81× | 0.07× | ||
| Q4 24 | 0.73× | 0.06× | ||
| Q3 24 | 0.68× | 0.07× | ||
| Q2 24 | 0.69× | 0.07× | ||
| Q1 24 | 0.72× | 0.07× |
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 | $4.1M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $1.2M |
| 自由现金流率自由现金流/营收 | 14.1% | 1.0% |
| 资本支出强度资本支出/营收 | 9.2% | 2.5% |
| 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 | $-5.9M |
8季度趋势，按日历期对齐
经营现金流SWIMXPER
| Q4 25 | $23.3M | $4.1M | ||
| Q3 25 | $51.0M | $7.5M | ||
| Q2 25 | $36.0M | $10.1M | ||
| Q1 25 | $-46.9M | $-22.3M | ||
| Q4 24 | $6.2M | $1.2M | ||
| Q3 24 | $37.2M | $-4.6M | ||
| Q2 24 | $52.4M | $-2.1M | ||
| Q1 24 | $-34.5M | $-49.8M |
自由现金流SWIMXPER
| Q4 25 | $14.1M | $1.2M | ||
| Q3 25 | $45.2M | $6.7M | ||
| Q2 25 | $29.1M | $9.5M | ||
| Q1 25 | $-50.3M | $-23.3M | ||
| Q4 24 | $-98.0K | $-510.0K | ||
| Q3 24 | $33.2M | $-5.6M | ||
| Q2 24 | $47.9M | $-2.6M | ||
| Q1 24 | $-39.9M | $-51.6M |
自由现金流率SWIMXPER
| Q4 25 | 14.1% | 1.0% | ||
| Q3 25 | 27.9% | 6.0% | ||
| Q2 25 | 16.8% | 9.0% | ||
| Q1 25 | -45.2% | -20.5% | ||
| Q4 24 | -0.1% | -0.4% | ||
| Q3 24 | 22.1% | -4.2% | ||
| Q2 24 | 29.9% | -2.2% | ||
| Q1 24 | -36.0% | -43.4% |
资本支出强度SWIMXPER
| Q4 25 | 9.2% | 2.5% | ||
| Q3 25 | 3.6% | 0.7% | ||
| Q2 25 | 4.0% | 0.5% | ||
| Q1 25 | 3.1% | 0.9% | ||
| Q4 24 | 7.2% | 1.4% | ||
| Q3 24 | 2.7% | 0.8% | ||
| Q2 24 | 2.8% | 0.4% | ||
| Q1 24 | 4.8% | 1.6% |
现金转化率SWIMXPER
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.03× | ||
| 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% |
XPER
| Pay TV | $56.2M | 48% |
| Connected Car | $31.3M | 27% |
| Consumer Electronics | $17.2M | 15% |
| Media Platform | $11.8M | 10% |
