vs
TSS, Inc.（TSSI）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
TSS, Inc.的季度营收约是合众银行的1.1倍（$60.9M vs $57.8M），合众银行净利率更高（21.8% vs 20.0%，领先1.8%），过去两年TSS, Inc.的营收复合增速更高（95.8% vs 9.5%）
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
TSSI vs WASH — 直观对比
营收规模更大
TSSI
是对方的1.1倍
$57.8M
净利率更高
WASH
高出1.8%
20.0%
两年增速更快
TSSI
近两年复合增速
9.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $60.9M | $57.8M |
| 净利润 | $12.2M | $12.6M |
| 毛利率 | 17.6% | — |
| 营业利润率 | 1.5% | — |
| 净利率 | 20.0% | 21.8% |
| 营收同比 | 21.8% | — |
| 净利润同比 | 535.7% | 3.5% |
| 每股收益（稀释后） | $0.44 | $0.66 |
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TSSIWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $60.9M | $59.3M | ||
| Q3 25 | $41.9M | $56.5M | ||
| Q2 25 | $44.0M | $54.3M | ||
| Q1 25 | $99.0M | $59.1M | ||
| Q4 24 | $50.0M | $12.4M | ||
| Q3 24 | $70.1M | $48.5M | ||
| Q2 24 | $12.2M | $48.2M |
净利润TSSIWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $12.2M | $16.0M | ||
| Q3 25 | $-1.5M | $10.8M | ||
| Q2 25 | $1.5M | $13.2M | ||
| Q1 25 | $3.0M | $12.2M | ||
| Q4 24 | $1.9M | $-60.8M | ||
| Q3 24 | $2.6M | $11.0M | ||
| Q2 24 | $1.4M | $10.8M |
毛利率TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 37.3% | — |
营业利润率TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 34.9% | ||
| Q3 25 | -2.2% | 24.7% | ||
| Q2 25 | 5.1% | 31.6% | ||
| Q1 25 | 4.2% | 26.5% | ||
| Q4 24 | 0.0% | -648.7% | ||
| Q3 24 | 5.4% | 28.5% | ||
| Q2 24 | 14.0% | 28.7% |
净利率TSSIWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | 20.0% | 27.0% | ||
| Q3 25 | -3.6% | 19.2% | ||
| Q2 25 | 3.4% | 24.4% | ||
| Q1 25 | 3.0% | 20.6% | ||
| Q4 24 | 3.8% | -491.4% | ||
| Q3 24 | 3.8% | 22.6% | ||
| Q2 24 | 11.5% | 22.4% |
每股收益（稀释后）TSSIWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.44 | $0.84 | ||
| Q3 25 | $-0.06 | $0.56 | ||
| Q2 25 | $0.06 | $0.68 | ||
| Q1 25 | $0.12 | $0.63 | ||
| Q4 24 | $0.08 | $-3.54 | ||
| Q3 24 | $0.10 | $0.64 | ||
| Q2 24 | $0.06 | $0.63 |
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 | $85.5M | $12.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $76.6M | $546.8M |
| 总资产 | $184.9M | $6.5B |
| 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TSSIWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | $85.5M | — | ||
| Q3 25 | $70.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $23.2M | — | ||
| Q3 24 | $46.4M | — | ||
| Q2 24 | $8.3M | — |
股东权益TSSIWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $76.6M | $543.6M | ||
| Q3 25 | $63.4M | $533.0M | ||
| Q2 25 | $9.5M | $527.5M | ||
| Q1 25 | $9.4M | $521.7M | ||
| Q4 24 | $7.1M | $499.7M | ||
| Q3 24 | $7.7M | $502.2M | ||
| Q2 24 | $5.2M | $471.0M |
总资产TSSIWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $184.9M | $6.6B | ||
| Q3 25 | $165.4M | $6.7B | ||
| Q2 25 | $139.5M | $6.7B | ||
| Q1 25 | $113.5M | $6.6B | ||
| Q4 24 | $96.6M | $6.9B | ||
| Q3 24 | $67.3M | $7.1B | ||
| Q2 24 | $28.9M | $7.2B |
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 | $16.3M | — |
| 自由现金流经营现金流 - 资本支出 | $15.8M | — |
| 自由现金流率自由现金流/营收 | 25.9% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | $2.1M | — |
8季度趋势，按日历期对齐
经营现金流TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | $16.3M | $80.3M | ||
| Q3 25 | $-18.4M | $39.6M | ||
| Q2 25 | $16.3M | $11.3M | ||
| Q1 25 | $20.6M | $8.4M | ||
| Q4 24 | $-21.6M | $57.7M | ||
| Q3 24 | $38.6M | $25.7M | ||
| Q2 24 | $-4.3M | $11.2M |
自由现金流TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | $15.8M | $78.3M | ||
| Q3 25 | $-24.9M | $39.3M | ||
| Q2 25 | $5.4M | $10.9M | ||
| Q1 25 | $5.8M | $8.4M | ||
| Q4 24 | $-28.4M | $53.7M | ||
| Q3 24 | $38.6M | $24.4M | ||
| Q2 24 | $-6.0M | $9.6M |
自由现金流率TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | 132.2% | ||
| Q3 25 | -59.3% | 69.6% | ||
| Q2 25 | 12.3% | 20.2% | ||
| Q1 25 | 5.8% | 14.2% | ||
| Q4 24 | -56.7% | 433.8% | ||
| Q3 24 | 55.1% | 50.4% | ||
| Q2 24 | -49.4% | 19.8% |
资本支出强度TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 3.4% | ||
| Q3 25 | 15.3% | 0.6% | ||
| Q2 25 | 24.8% | 0.7% | ||
| Q1 25 | 15.0% | 0.1% | ||
| Q4 24 | 13.4% | 32.3% | ||
| Q3 24 | 0.1% | 2.6% | ||
| Q2 24 | 13.8% | 3.4% |
现金转化率TSSIWASH
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | 11.02× | 0.86× | ||
| Q1 25 | 6.93× | 0.69× | ||
| Q4 24 | -11.32× | — | ||
| Q3 24 | 14.60× | 2.34× | ||
| Q2 24 | -3.09× | 1.03× |
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
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
