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TIC Solutions, Inc.（TIC）与ZILLOW GROUP, INC.（ZG）财务数据对比。点击上方公司名可切换其他公司
ZILLOW GROUP, INC.的季度营收约是TIC Solutions, Inc.的1.3倍（$654.0M vs $508.3M），ZILLOW GROUP, INC.净利率更高（0.5% vs -9.3%，领先9.7%），ZILLOW GROUP, INC.自由现金流更多（$44.0M vs $37.1M）
Zillow集团是美国头部房地产科技线上平台企业，2006年由前微软高管里奇·巴顿、劳埃德·弗林克等联合创立，业务涵盖房产信息查询、交易配套服务等，是全球房产科技领域的知名代表企业。
TIC vs ZG — 直观对比
营收规模更大
ZG
是对方的1.3倍
$508.3M
净利率更高
ZG
高出9.7%
-9.3%
自由现金流更多
ZG
多$6.9M
$37.1M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $508.3M | $654.0M |
| 净利润 | $-47.2M | $3.0M |
| 毛利率 | 35.2% | 72.8% |
| 营业利润率 | -3.8% | -1.7% |
| 净利率 | -9.3% | 0.5% |
| 营收同比 | — | 18.1% |
| 净利润同比 | — | 105.8% |
| 每股收益（稀释后） | — | $0.01 |
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TICZG
| Q4 25 | $508.3M | $654.0M | ||
| Q3 25 | $473.9M | $676.0M | ||
| Q2 25 | $313.9M | $655.0M | ||
| Q1 25 | $234.2M | $598.0M | ||
| Q4 24 | — | $554.0M | ||
| Q3 24 | — | $581.0M | ||
| Q2 24 | — | $572.0M | ||
| Q1 24 | — | $529.0M |
净利润TICZG
| Q4 25 | $-47.2M | $3.0M | ||
| Q3 25 | $-13.9M | $10.0M | ||
| Q2 25 | $-233.0K | $2.0M | ||
| Q1 25 | $-25.8M | $8.0M | ||
| Q4 24 | — | $-52.0M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | — | $-17.0M | ||
| Q1 24 | — | $-23.0M |
毛利率TICZG
| Q4 25 | 35.2% | 72.8% | ||
| Q3 25 | 32.2% | 72.6% | ||
| Q2 25 | 23.6% | 74.7% | ||
| Q1 25 | 18.6% | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
营业利润率TICZG
| Q4 25 | -3.8% | -1.7% | ||
| Q3 25 | -1.4% | -0.4% | ||
| Q2 25 | 5.8% | -1.7% | ||
| Q1 25 | -4.0% | -1.5% | ||
| Q4 24 | — | -12.5% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -6.6% | ||
| Q1 24 | — | -8.5% |
净利率TICZG
| Q4 25 | -9.3% | 0.5% | ||
| Q3 25 | -2.9% | 1.5% | ||
| Q2 25 | -0.1% | 0.3% | ||
| Q1 25 | -11.0% | 1.3% | ||
| Q4 24 | — | -9.4% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | -4.3% |
每股收益（稀释后）TICZG
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.08 | $0.04 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | $-0.10 |
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 | $439.5M | $768.0M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $2.2B | $4.9B |
| 总资产 | $4.4B | $5.7B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资TICZG
| Q4 25 | $439.5M | $768.0M | ||
| Q3 25 | $164.4M | $874.0M | ||
| Q2 25 | $130.1M | $587.0M | ||
| Q1 25 | $155.7M | $914.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.4B |
总债务TICZG
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $751.3M | — | ||
| Q1 25 | $752.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TICZG
| Q4 25 | $2.2B | $4.9B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.1B | $4.8B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.7B |
总资产TICZG
| Q4 25 | $4.4B | $5.7B | ||
| Q3 25 | $4.2B | $5.7B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $2.2B | $5.7B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $6.6B | ||
| Q1 24 | — | $6.8B |
负债/权益比TICZG
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $49.7M | $72.0M |
| 自由现金流经营现金流 - 资本支出 | $37.1M | $44.0M |
| 自由现金流率自由现金流/营收 | 7.3% | 6.7% |
| 资本支出强度资本支出/营收 | 2.5% | 4.3% |
| 现金转化率经营现金流/净利润 | — | 24.00× |
| 过去12个月自由现金流最近4个季度 | $61.3M | $235.0M |
8季度趋势，按日历期对齐
经营现金流TICZG
| Q4 25 | $49.7M | $72.0M | ||
| Q3 25 | $19.0M | $105.0M | ||
| Q2 25 | $-6.5M | $87.0M | ||
| Q1 25 | $32.8M | $104.0M | ||
| Q4 24 | — | $122.0M | ||
| Q3 24 | — | $171.0M | ||
| Q2 24 | — | $55.0M | ||
| Q1 24 | — | $80.0M |
自由现金流TICZG
| Q4 25 | $37.1M | $44.0M | ||
| Q3 25 | $10.3M | $73.0M | ||
| Q2 25 | $-14.5M | $50.0M | ||
| Q1 25 | $28.3M | $68.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | — | $138.0M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | — | $41.0M |
自由现金流率TICZG
| Q4 25 | 7.3% | 6.7% | ||
| Q3 25 | 2.2% | 10.8% | ||
| Q2 25 | -4.6% | 7.6% | ||
| Q1 25 | 12.1% | 11.4% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 7.8% |
资本支出强度TICZG
| Q4 25 | 2.5% | 4.3% | ||
| Q3 25 | 1.8% | 4.7% | ||
| Q2 25 | 2.6% | 5.6% | ||
| Q1 25 | 1.9% | 6.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 7.4% |
现金转化率TICZG
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
