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Titan Machinery Inc.（TITN）与Victory Capital Holdings, Inc.（VCTR）财务数据对比。点击上方公司名可切换其他公司
Titan Machinery Inc.的季度营收约是Victory Capital Holdings, Inc.的1.7倍（$644.5M vs $374.1M），Victory Capital Holdings, Inc.净利率更高（30.2% vs 0.2%，领先30.0%），Victory Capital Holdings, Inc.同比增速更快（61.0% vs -5.2%），过去两年Victory Capital Holdings, Inc.的营收复合增速更高（31.7% vs -13.0%）
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
Victory Capital Holdings是一家总部位于美国得克萨斯州圣安东尼奥的金融服务企业，核心业务为投资管理。除美国本土外，公司在伦敦、中国香港、新加坡三地均配备了专业投资团队，为全球客户提供资产管理相关服务。
TITN vs VCTR — 直观对比
营收规模更大
TITN
是对方的1.7倍
$374.1M
营收增速更快
VCTR
高出66.2%
-5.2%
净利率更高
VCTR
高出30.0%
0.2%
两年增速更快
VCTR
近两年复合增速
-13.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.5M | $374.1M |
| 净利润 | $1.2M | $112.8M |
| 毛利率 | 17.2% | — |
| 营业利润率 | 1.6% | 40.9% |
| 净利率 | 0.2% | 30.2% |
| 营收同比 | -5.2% | 61.0% |
| 净利润同比 | -30.1% | 46.6% |
| 每股收益（稀释后） | $0.05 | $1.33 |
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TITNVCTR
| Q4 25 | $644.5M | $374.1M | ||
| Q3 25 | $546.4M | $361.2M | ||
| Q2 25 | $594.3M | $351.2M | ||
| Q1 25 | $759.9M | $219.6M | ||
| Q4 24 | $679.8M | $232.4M | ||
| Q3 24 | $633.7M | $225.6M | ||
| Q2 24 | $628.7M | $219.6M | ||
| Q1 24 | $852.1M | $215.9M |
净利润TITNVCTR
| Q4 25 | $1.2M | $112.8M | ||
| Q3 25 | $-6.0M | $96.5M | ||
| Q2 25 | $-13.2M | $58.7M | ||
| Q1 25 | $-43.8M | $62.0M | ||
| Q4 24 | $1.7M | $76.9M | ||
| Q3 24 | $-4.3M | $82.0M | ||
| Q2 24 | $9.4M | $74.3M | ||
| Q1 24 | $24.0M | $55.7M |
毛利率TITNVCTR
| Q4 25 | 17.2% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 16.6% | — |
营业利润率TITNVCTR
| Q4 25 | 1.6% | 40.9% | ||
| Q3 25 | 0.1% | 38.2% | ||
| Q2 25 | -1.0% | 26.8% | ||
| Q1 25 | -6.0% | 42.3% | ||
| Q4 24 | 1.7% | 48.1% | ||
| Q3 24 | 2.5% | 53.3% | ||
| Q2 24 | 3.6% | 50.4% | ||
| Q1 24 | 4.8% | 39.3% |
净利率TITNVCTR
| Q4 25 | 0.2% | 30.2% | ||
| Q3 25 | -1.1% | 26.7% | ||
| Q2 25 | -2.2% | 16.7% | ||
| Q1 25 | -5.8% | 28.2% | ||
| Q4 24 | 0.3% | 33.1% | ||
| Q3 24 | -0.7% | 36.3% | ||
| Q2 24 | 1.5% | 33.8% | ||
| Q1 24 | 2.8% | 25.8% |
每股收益（稀释后）TITNVCTR
| Q4 25 | $0.05 | $1.33 | ||
| Q3 25 | $-0.26 | $1.11 | ||
| Q2 25 | $-0.58 | $0.68 | ||
| Q1 25 | $-1.92 | $0.96 | ||
| Q4 24 | $0.07 | $1.18 | ||
| Q3 24 | $-0.19 | $1.24 | ||
| Q2 24 | $0.41 | $1.12 | ||
| Q1 24 | $1.04 | $0.84 |
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 | — | $163.7M |
| 总债务越低越好 | $176.6M | $970.0M |
| 股东权益账面价值 | $612.6M | $2.4B |
| 总资产 | $1.8B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资TITNVCTR
| Q4 25 | — | $163.7M | ||
| Q3 25 | — | $115.7M | ||
| Q2 25 | — | $107.9M | ||
| Q1 25 | — | $175.6M | ||
| Q4 24 | — | $126.7M | ||
| Q3 24 | — | $188.2M | ||
| Q2 24 | — | $119.0M | ||
| Q1 24 | — | $79.9M |
总债务TITNVCTR
| Q4 25 | $176.6M | $970.0M | ||
| Q3 25 | $164.5M | $972.0M | ||
| Q2 25 | $165.3M | $965.7M | ||
| Q1 25 | $168.7M | $964.8M | ||
| Q4 24 | $140.6M | $963.9M | ||
| Q3 24 | $126.6M | $982.7M | ||
| Q2 24 | $119.3M | $981.7M | ||
| Q1 24 | $120.1M | $990.2M |
股东权益TITNVCTR
| Q4 25 | $612.6M | $2.4B | ||
| Q3 25 | $610.3M | $2.4B | ||
| Q2 25 | $605.4M | $2.5B | ||
| Q1 25 | $614.1M | $1.1B | ||
| Q4 24 | $668.2M | $1.1B | ||
| Q3 24 | $659.6M | $1.2B | ||
| Q2 24 | $662.6M | $1.1B | ||
| Q1 24 | $657.6M | $1.1B |
总资产TITNVCTR
| Q4 25 | $1.8B | $4.2B | ||
| Q3 25 | $1.9B | $4.2B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $2.1B | $2.5B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $2.1B | $2.5B | ||
| Q1 24 | $2.0B | $2.5B |
负债/权益比TITNVCTR
| Q4 25 | 0.29× | 0.40× | ||
| Q3 25 | 0.27× | 0.41× | ||
| Q2 25 | 0.27× | 0.39× | ||
| Q1 25 | 0.27× | 0.84× | ||
| Q4 24 | 0.21× | 0.86× | ||
| Q3 24 | 0.19× | 0.84× | ||
| Q2 24 | 0.18× | 0.87× | ||
| Q1 24 | 0.18× | 0.92× |
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 | $34.0M | $145.1M |
| 自由现金流经营现金流 - 资本支出 | — | $144.5M |
| 自由现金流率自由现金流/营收 | — | 38.6% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | 28.37× | 1.29× |
| 过去12个月自由现金流最近4个季度 | — | $381.3M |
8季度趋势，按日历期对齐
经营现金流TITNVCTR
| Q4 25 | $34.0M | $145.1M | ||
| Q3 25 | $43.7M | $165.9M | ||
| Q2 25 | $6.2M | $-6.6M | ||
| Q1 25 | $126.5M | $81.1M | ||
| Q4 24 | $-8.8M | $91.8M | ||
| Q3 24 | $-15.0M | $99.8M | ||
| Q2 24 | $-32.4M | $79.7M | ||
| Q1 24 | $49.8M | $68.7M |
自由现金流TITNVCTR
| Q4 25 | — | $144.5M | ||
| Q3 25 | — | $164.8M | ||
| Q2 25 | — | $-7.5M | ||
| Q1 25 | — | $79.5M | ||
| Q4 24 | — | $91.7M | ||
| Q3 24 | — | $99.4M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | — | $68.2M |
自由现金流率TITNVCTR
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 45.6% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | 36.2% | ||
| Q4 24 | — | 39.4% | ||
| Q3 24 | — | 44.0% | ||
| Q2 24 | — | 36.2% | ||
| Q1 24 | — | 31.6% |
资本支出强度TITNVCTR
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
现金转化率TITNVCTR
| Q4 25 | 28.37× | 1.29× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | -5.15× | 1.19× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | -3.43× | 1.07× | ||
| Q1 24 | 2.08× | 1.23× |
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
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
VCTR
| Investment Management Fees | $301.4M | 81% |
| Fund Administration And Distribution Fees | $72.8M | 19% |
