vs
凯旋（TFIN）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
凯旋的季度营收约是Toast, Inc.的1.5倍（$2.4B vs $1.6B），Toast, Inc.净利率更高（6.2% vs 0.3%，领先5.9%），Toast, Inc.同比增速更快（22.0% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% vs 23.3%）
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
TFIN vs TOST — 直观对比
营收规模更大
TFIN
是对方的1.5倍
$1.6B
营收增速更快
TOST
高出19.5%
2.6%
净利率更高
TOST
高出5.9%
0.3%
两年增速更快
TFIN
近两年复合增速
23.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.6B |
| 净利润 | $6.4M | $101.0M |
| 毛利率 | 86.1% | 25.9% |
| 营业利润率 | — | 5.2% |
| 净利率 | 0.3% | 6.2% |
| 营收同比 | 2.6% | 22.0% |
| 净利润同比 | -66.9% | 215.6% |
| 每股收益（稀释后） | $0.23 | $0.18 |
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TFINTOST
| Q1 26 | $2.4B | — | ||
| Q4 25 | $120.1M | $1.6B | ||
| Q3 25 | $109.3M | $1.6B | ||
| Q2 25 | $108.1M | $1.6B | ||
| Q1 25 | $101.6M | $1.3B | ||
| Q4 24 | $103.6M | $1.3B | ||
| Q3 24 | $106.2M | $1.3B | ||
| Q2 24 | $105.1M | $1.2B |
净利润TFINTOST
| Q1 26 | $6.4M | — | ||
| Q4 25 | — | $101.0M | ||
| Q3 25 | $1.7M | $105.0M | ||
| Q2 25 | $4.4M | $80.0M | ||
| Q1 25 | $17.0K | $56.0M | ||
| Q4 24 | $3.8M | $32.0M | ||
| Q3 24 | $5.3M | $56.0M | ||
| Q2 24 | $2.7M | $14.0M |
毛利率TFINTOST
| Q1 26 | 86.1% | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% |
营业利润率TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 1.2% | 5.1% | ||
| Q2 25 | 7.3% | 5.2% | ||
| Q1 25 | 0.1% | 3.2% | ||
| Q4 24 | 5.6% | 2.5% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 3.4% | 0.4% |
净利率TFINTOST
| Q1 26 | 0.3% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | 1.6% | 6.4% | ||
| Q2 25 | 4.1% | 5.2% | ||
| Q1 25 | 0.0% | 4.2% | ||
| Q4 24 | 3.7% | 2.4% | ||
| Q3 24 | 5.0% | 4.3% | ||
| Q2 24 | 2.6% | 1.1% |
每股收益（稀释后）TFINTOST
| Q1 26 | $0.23 | — | ||
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.04 | $0.16 | ||
| Q2 25 | $0.15 | $0.13 | ||
| Q1 25 | $-0.03 | $0.09 | ||
| Q4 24 | $0.13 | $0.09 | ||
| Q3 24 | $0.19 | $0.07 | ||
| Q2 24 | $0.08 | $0.02 |
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 | — | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $950.7M | $2.1B |
| 总资产 | $6.9B | $3.1B |
| 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TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | $248.5M | $1.4B | ||
| Q3 25 | $147.2M | $1.4B | ||
| Q2 25 | $282.3M | $1.2B | ||
| Q1 25 | $502.9M | $1.0B | ||
| Q4 24 | $330.1M | $903.0M | ||
| Q3 24 | $489.3M | $761.0M | ||
| Q2 24 | $500.7M | $691.0M |
股东权益TFINTOST
| Q1 26 | $950.7M | — | ||
| Q4 25 | $941.8M | $2.1B | ||
| Q3 25 | $919.3M | $2.0B | ||
| Q2 25 | $912.4M | $1.8B | ||
| Q1 25 | $893.9M | $1.7B | ||
| Q4 24 | $890.9M | $1.5B | ||
| Q3 24 | $885.8M | $1.4B | ||
| Q2 24 | $874.2M | $1.3B |
总资产TFINTOST
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.4B | $3.1B | ||
| Q3 25 | $6.4B | $3.0B | ||
| Q2 25 | $6.5B | $2.8B | ||
| Q1 25 | $6.3B | $2.6B | ||
| Q4 24 | $5.9B | $2.4B | ||
| Q3 24 | $5.9B | $2.2B | ||
| Q2 24 | $5.8B | $2.2B |
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 | — | $194.0M |
| 自由现金流经营现金流 - 资本支出 | — | $178.0M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | — | $608.0M |
8季度趋势，按日历期对齐
经营现金流TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | $67.1M | $194.0M | ||
| Q3 25 | $24.4M | $165.0M | ||
| Q2 25 | $9.8M | $223.0M | ||
| Q1 25 | $-3.6M | $79.0M | ||
| Q4 24 | $58.5M | $147.0M | ||
| Q3 24 | $26.6M | $109.0M | ||
| Q2 24 | $21.9M | $124.0M |
自由现金流TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | — | $178.0M | ||
| Q3 25 | $22.4M | $153.0M | ||
| Q2 25 | $6.8M | $208.0M | ||
| Q1 25 | $-7.9M | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | $25.8M | $97.0M | ||
| Q2 24 | $-31.9M | $108.0M |
自由现金流率TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | 20.5% | 9.4% | ||
| Q2 25 | 6.2% | 13.4% | ||
| Q1 25 | -7.7% | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 24.3% | 7.4% | ||
| Q2 24 | -30.3% | 8.7% |
资本支出强度TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 4.2% | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 0.8% | 0.9% | ||
| Q2 24 | 51.1% | 1.3% |
现金转化率TFINTOST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.92× | ||
| Q3 25 | 14.29× | 1.57× | ||
| Q2 25 | 2.22× | 2.79× | ||
| Q1 25 | -212.82× | 1.41× | ||
| Q4 24 | 15.25× | 4.59× | ||
| Q3 24 | 4.97× | 1.95× | ||
| Q2 24 | 7.95× | 8.86× |
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
TFIN
暂无分部数据
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
