vs
Trade Desk (The)（TTD）与UNIFIRST CORP（UNF）财务数据对比。点击上方公司名可切换其他公司
Trade Desk (The)的季度营收约是UNIFIRST CORP的1.4倍（$846.8M vs $621.3M），Trade Desk (The)净利率更高（22.1% vs 5.5%，领先16.5%），Trade Desk (The)同比增速更快（14.3% vs 2.7%），Trade Desk (The)自由现金流更多（$285.3M vs $-24.0M），过去两年Trade Desk (The)的营收复合增速更高（31.3% vs 2.3%）
The Trade Desk是来自美国的跨国科技企业，专注于实时程序化营销自动化领域的技术、产品与服务研发，可实现面向用户的个性化数字内容分发，为全球广告营销行业客户提供专业解决方案。
UniFirst是总部位于美国马萨诸塞州威尔明顿的职业工装租赁服务商，业务覆盖工装及防护服装的生产、销售与租赁。公司拥有超过1.4万名员工，在美、加、欧设有260多处运营网点，涵盖客服中心、核净化设施、洁净车间、配送中心及生产工厂。
TTD vs UNF — 直观对比
营收规模更大
TTD
是对方的1.4倍
$621.3M
营收增速更快
TTD
高出11.6%
2.7%
净利率更高
TTD
高出16.5%
5.5%
自由现金流更多
TTD
多$309.3M
$-24.0M
两年增速更快
TTD
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $846.8M | $621.3M |
| 净利润 | $186.9M | $34.4M |
| 毛利率 | 80.7% | 36.7% |
| 营业利润率 | 30.3% | 7.3% |
| 净利率 | 22.1% | 5.5% |
| 营收同比 | 14.3% | 2.7% |
| 净利润同比 | 2.6% | -20.3% |
| 每股收益（稀释后） | $0.39 | $1.89 |
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TTDUNF
| Q4 25 | $846.8M | $621.3M | ||
| Q3 25 | $739.4M | $614.4M | ||
| Q2 25 | $694.0M | $610.8M | ||
| Q1 25 | $616.0M | — | ||
| Q4 24 | $741.0M | $604.9M | ||
| Q3 24 | $628.0M | $639.9M | ||
| Q2 24 | $584.5M | $603.3M | ||
| Q1 24 | $491.3M | $590.7M |
净利润TTDUNF
| Q4 25 | $186.9M | $34.4M | ||
| Q3 25 | $115.5M | $41.0M | ||
| Q2 25 | $90.1M | $39.7M | ||
| Q1 25 | $50.7M | — | ||
| Q4 24 | $182.2M | $43.1M | ||
| Q3 24 | $94.2M | $44.6M | ||
| Q2 24 | $85.0M | $38.1M | ||
| Q1 24 | $31.7M | $20.5M |
毛利率TTDUNF
| Q4 25 | 80.7% | 36.7% | ||
| Q3 25 | 78.1% | 37.8% | ||
| Q2 25 | 78.2% | 36.9% | ||
| Q1 25 | 76.8% | — | ||
| Q4 24 | 81.7% | 37.0% | ||
| Q3 24 | 80.5% | 36.1% | ||
| Q2 24 | 81.1% | 35.2% | ||
| Q1 24 | 78.9% | 32.9% |
营业利润率TTDUNF
| Q4 25 | 30.3% | 7.3% | ||
| Q3 25 | 21.8% | 8.1% | ||
| Q2 25 | 16.8% | 7.9% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 26.4% | 9.2% | ||
| Q3 24 | 17.3% | 8.4% | ||
| Q2 24 | 16.2% | 8.0% | ||
| Q1 24 | 5.8% | 4.7% |
净利率TTDUNF
| Q4 25 | 22.1% | 5.5% | ||
| Q3 25 | 15.6% | 6.7% | ||
| Q2 25 | 13.0% | 6.5% | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | 24.6% | 7.1% | ||
| Q3 24 | 15.0% | 7.0% | ||
| Q2 24 | 14.5% | 6.3% | ||
| Q1 24 | 6.4% | 3.5% |
每股收益（稀释后）TTDUNF
| Q4 25 | $0.39 | $1.89 | ||
| Q3 25 | $0.23 | $2.23 | ||
| Q2 25 | $0.18 | $2.13 | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.36 | $2.31 | ||
| Q3 24 | $0.19 | $2.39 | ||
| Q2 24 | $0.17 | $2.03 | ||
| Q1 24 | $0.06 | $1.09 |
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 | $1.3B | $129.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.2B |
| 总资产 | $6.2B | $2.8B |
| 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TTDUNF
| Q4 25 | $1.3B | $129.5M | ||
| Q3 25 | $1.4B | $209.2M | ||
| Q2 25 | $1.7B | $211.9M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.9B | $181.0M | ||
| Q3 24 | $1.7B | $175.1M | ||
| Q2 24 | $1.5B | $125.4M | ||
| Q1 24 | $1.4B | $101.9M |
股东权益TTDUNF
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.2B | $2.0B |
总资产TTDUNF
| Q4 25 | $6.2B | $2.8B | ||
| Q3 25 | $5.9B | $2.8B | ||
| Q2 25 | $6.0B | $2.8B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.1B | $2.7B | ||
| Q3 24 | $5.5B | $2.7B | ||
| Q2 24 | $5.2B | $2.7B | ||
| Q1 24 | $4.7B | $2.6B |
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 | $311.6M | $14.9M |
| 自由现金流经营现金流 - 资本支出 | $285.3M | $-24.0M |
| 自由现金流率自由现金流/营收 | 33.7% | -3.9% |
| 资本支出强度资本支出/营收 | 3.1% | 6.3% |
| 现金转化率经营现金流/净利润 | 1.67× | 0.43× |
| 过去12个月自由现金流最近4个季度 | $795.7M | — |
8季度趋势，按日历期对齐
经营现金流TTDUNF
| Q4 25 | $311.6M | $14.9M | ||
| Q3 25 | $224.7M | — | ||
| Q2 25 | $165.0M | $138.4M | ||
| Q1 25 | $291.4M | — | ||
| Q4 24 | $199.4M | $58.1M | ||
| Q3 24 | $273.3M | $102.3M | ||
| Q2 24 | $81.3M | $86.3M | ||
| Q1 24 | $185.5M | $61.1M |
自由现金流TTDUNF
| Q4 25 | $285.3M | $-24.0M | ||
| Q3 25 | $158.3M | — | ||
| Q2 25 | $119.8M | $62.1M | ||
| Q1 25 | $232.3M | — | ||
| Q4 24 | $179.2M | $24.6M | ||
| Q3 24 | $224.6M | $63.8M | ||
| Q2 24 | $59.1M | $37.3M | ||
| Q1 24 | $178.2M | $27.2M |
自由现金流率TTDUNF
| Q4 25 | 33.7% | -3.9% | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 17.3% | 10.2% | ||
| Q1 25 | 37.7% | — | ||
| Q4 24 | 24.2% | 4.1% | ||
| Q3 24 | 35.8% | 10.0% | ||
| Q2 24 | 10.1% | 6.2% | ||
| Q1 24 | 36.3% | 4.6% |
资本支出强度TTDUNF
| Q4 25 | 3.1% | 6.3% | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 6.5% | 12.5% | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 2.7% | 5.5% | ||
| Q3 24 | 7.8% | 6.0% | ||
| Q2 24 | 3.8% | 8.1% | ||
| Q1 24 | 1.5% | 5.7% |
现金转化率TTDUNF
| Q4 25 | 1.67× | 0.43× | ||
| Q3 25 | 1.94× | — | ||
| Q2 25 | 1.83× | 3.49× | ||
| Q1 25 | 5.75× | — | ||
| Q4 24 | 1.09× | 1.35× | ||
| Q3 24 | 2.90× | 2.29× | ||
| Q2 24 | 0.96× | 2.27× | ||
| Q1 24 | 5.86× | 2.98× |
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
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
UNF
| Uniforms And Facility Service Solutions | $568.8M | 92% |
| First Aid And Safety Solutions | $30.8M | 5% |
| Other | $22.9M | 4% |
| Served As An Senior Officer | $400.0K | 0% |
