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Thryv Holdings, Inc.（THRY）与Via Renewables, Inc.（VIASP）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Via Renewables, Inc.的1.3倍（$167.7M vs $127.8M），Via Renewables, Inc.净利率更高（5.4% vs 2.7%，领先2.7%），Via Renewables, Inc.同比增速更快（22.5% vs -7.5%），Via Renewables, Inc.自由现金流更多（$-4.8M vs $-5.5M），过去两年Via Renewables, Inc.的营收复合增速更高（5.9% vs -13.5%）
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。
EDF电力解决方案是法国电力集团旗下全资子公司，专注可再生能源发电业务。作为一体化运营商，该集团开展可再生能源项目开发与融资，推进设施建设，同时为自有及第三方的可再生能源项目提供运营与维护服务。
THRY vs VIASP — 直观对比
营收规模更大
THRY
是对方的1.3倍
$127.8M
营收增速更快
VIASP
高出30.1%
-7.5%
净利率更高
VIASP
高出2.7%
2.7%
自由现金流更多
VIASP
多$683.0K
$-5.5M
两年增速更快
VIASP
近两年复合增速
-13.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $167.7M | $127.8M |
| 净利润 | $4.5M | $6.9M |
| 毛利率 | 65.2% | 34.4% |
| 营业利润率 | 37.3% | 15.2% |
| 净利率 | 2.7% | 5.4% |
| 营收同比 | -7.5% | 22.5% |
| 净利润同比 | 147.2% | -30.9% |
| 每股收益（稀释后） | $0.10 | $1.19 |
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THRYVIASP
| Q1 26 | $167.7M | — | ||
| Q4 25 | $191.6M | $127.8M | ||
| Q3 25 | $201.6M | $103.3M | ||
| Q2 25 | $210.5M | $90.0M | ||
| Q1 25 | $181.4M | $142.3M | ||
| Q4 24 | $186.6M | $104.3M | ||
| Q3 24 | $179.9M | $93.8M | ||
| Q2 24 | $224.1M | $86.7M |
净利润THRYVIASP
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-9.7M | $6.9M | ||
| Q3 25 | $5.7M | $757.0K | ||
| Q2 25 | $13.9M | $2.7M | ||
| Q1 25 | $-9.6M | $8.8M | ||
| Q4 24 | $7.9M | $9.9M | ||
| Q3 24 | $-96.1M | $2.1M | ||
| Q2 24 | $5.5M | $7.6M |
毛利率THRYVIASP
| Q1 26 | 65.2% | — | ||
| Q4 25 | 68.0% | 34.4% | ||
| Q3 25 | 67.7% | 23.1% | ||
| Q2 25 | 69.7% | 30.0% | ||
| Q1 25 | 65.8% | 32.9% | ||
| Q4 24 | 65.9% | 51.9% | ||
| Q3 24 | 62.3% | 26.8% | ||
| Q2 24 | 66.3% | 50.4% |
营业利润率THRYVIASP
| Q1 26 | 37.3% | — | ||
| Q4 25 | 5.3% | 15.2% | ||
| Q3 25 | 9.9% | 3.1% | ||
| Q2 25 | 14.0% | 6.7% | ||
| Q1 25 | -1.7% | 17.5% | ||
| Q4 24 | -3.9% | 31.5% | ||
| Q3 24 | -49.2% | 5.3% | ||
| Q2 24 | 14.0% | 23.8% |
净利率THRYVIASP
| Q1 26 | 2.7% | — | ||
| Q4 25 | -5.0% | 5.4% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 6.6% | 3.0% | ||
| Q1 25 | -5.3% | 6.2% | ||
| Q4 24 | 4.2% | 9.5% | ||
| Q3 24 | -53.4% | 2.3% | ||
| Q2 24 | 2.5% | 8.8% |
每股收益（稀释后）THRYVIASP
| Q1 26 | $0.10 | — | ||
| Q4 25 | $-0.21 | $1.19 | ||
| Q3 25 | $0.13 | $-0.41 | ||
| Q2 25 | $0.31 | $0.09 | ||
| Q1 25 | $-0.22 | $1.83 | ||
| Q4 24 | $0.28 | $2.33 | ||
| Q3 24 | $-2.65 | $-0.17 | ||
| Q2 24 | $0.15 | $1.51 |
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 | $41.8M |
| 总债务越低越好 | — | $120.0M |
| 股东权益账面价值 | $225.4M | $67.7M |
| 总资产 | $693.7M | $331.3M |
| 负债/权益比越低杠杆越低 | — | 1.77× |
8季度趋势，按日历期对齐
现金及短期投资THRYVIASP
| Q1 26 | $8.0M | — | ||
| Q4 25 | $10.8M | $41.8M | ||
| Q3 25 | $11.6M | $53.6M | ||
| Q2 25 | $10.8M | $62.1M | ||
| Q1 25 | $11.0M | $64.7M | ||
| Q4 24 | $16.3M | $53.1M | ||
| Q3 24 | $12.5M | $66.6M | ||
| Q2 24 | $15.5M | $53.6M |
总债务THRYVIASP
| Q1 26 | — | — | ||
| Q4 25 | $253.5M | $120.0M | ||
| Q3 25 | $268.2M | $105.0M | ||
| Q2 25 | $275.6M | $100.0M | ||
| Q1 25 | $299.0M | $101.0M | ||
| Q4 24 | $284.3M | $106.0M | ||
| Q3 24 | $307.8M | $89.0M | ||
| Q2 24 | $342.1M | $93.0M |
股东权益THRYVIASP
| Q1 26 | $225.4M | — | ||
| Q4 25 | $218.1M | $67.7M | ||
| Q3 25 | $221.1M | $63.7M | ||
| Q2 25 | $214.9M | $68.2M | ||
| Q1 25 | $193.2M | $72.7M | ||
| Q4 24 | $196.9M | $66.7M | ||
| Q3 24 | $94.5M | $58.2M | ||
| Q2 24 | $183.1M | $58.3M |
总资产THRYVIASP
| Q1 26 | $693.7M | — | ||
| Q4 25 | $688.6M | $331.3M | ||
| Q3 25 | $701.8M | $304.8M | ||
| Q2 25 | $687.7M | $316.3M | ||
| Q1 25 | $703.7M | $347.4M | ||
| Q4 24 | $712.2M | $344.9M | ||
| Q3 24 | $654.8M | $298.4M | ||
| Q2 24 | $785.5M | $299.7M |
负债/权益比THRYVIASP
| Q1 26 | — | — | ||
| Q4 25 | 1.16× | 1.77× | ||
| Q3 25 | 1.21× | 1.65× | ||
| Q2 25 | 1.28× | 1.47× | ||
| Q1 25 | 1.55× | 1.39× | ||
| Q4 24 | 1.44× | 1.59× | ||
| Q3 24 | 3.26× | 1.53× | ||
| Q2 24 | 1.87× | 1.60× |
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 | — | $-4.2M |
| 自由现金流经营现金流 - 资本支出 | $-5.5M | $-4.8M |
| 自由现金流率自由现金流/营收 | -3.3% | -3.7% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.61× |
| 过去12个月自由现金流最近4个季度 | $43.3M | $39.1M |
8季度趋势，按日历期对齐
经营现金流THRYVIASP
| Q1 26 | — | — | ||
| Q4 25 | $22.2M | $-4.2M | ||
| Q3 25 | $22.2M | $2.4M | ||
| Q2 25 | $29.6M | $19.0M | ||
| Q1 25 | $-10.5M | $24.9M | ||
| Q4 24 | $26.1M | $2.0M | ||
| Q3 24 | $36.0M | $20.1M | ||
| Q2 24 | $22.2M | $11.2M |
自由现金流THRYVIASP
| Q1 26 | $-5.5M | — | ||
| Q4 25 | $12.3M | $-4.8M | ||
| Q3 25 | $14.6M | $1.9M | ||
| Q2 25 | $21.8M | $18.4M | ||
| Q1 25 | $-17.6M | $23.5M | ||
| Q4 24 | $17.3M | $1.6M | ||
| Q3 24 | $27.5M | $19.7M | ||
| Q2 24 | $13.3M | $10.9M |
自由现金流率THRYVIASP
| Q1 26 | -3.3% | — | ||
| Q4 25 | 6.4% | -3.7% | ||
| Q3 25 | 7.2% | 1.9% | ||
| Q2 25 | 10.4% | 20.5% | ||
| Q1 25 | -9.7% | 16.5% | ||
| Q4 24 | 9.3% | 1.5% | ||
| Q3 24 | 15.3% | 21.0% | ||
| Q2 24 | 5.9% | 12.6% |
资本支出强度THRYVIASP
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 0.4% | ||
| Q3 25 | 3.8% | 0.4% | ||
| Q2 25 | 3.7% | 0.6% | ||
| Q1 25 | 3.9% | 1.0% | ||
| Q4 24 | 4.7% | 0.4% | ||
| Q3 24 | 4.7% | 0.4% | ||
| Q2 24 | 4.0% | 0.3% |
现金转化率THRYVIASP
| Q1 26 | — | — | ||
| Q4 25 | — | -0.61× | ||
| Q3 25 | 3.93× | 3.12× | ||
| Q2 25 | 2.12× | 6.94× | ||
| Q1 25 | — | 2.84× | ||
| Q4 24 | 3.32× | 0.20× | ||
| Q3 24 | — | 9.41× | ||
| Q2 24 | 4.01× | 1.47× |
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
THRY
| SaaS | $116.7M | 70% |
| Other | $50.9M | 30% |
VIASP
| Retail Electricity | $79.7M | 62% |
| Retail Natural Gas | $48.9M | 38% |
