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TWILIO INC（TWLO）与Virtu Financial, Inc.（VIRT）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是Virtu Financial, Inc.的1.4倍（$1.4B vs $969.9M），Virtu Financial, Inc.净利率更高（14.4% vs -3.4%，领先17.8%），Virtu Financial, Inc.同比增速更快（16.3% vs 14.3%），过去两年Virtu Financial, Inc.的营收复合增速更高（22.8% vs 14.2%）
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
TWLO vs VIRT — 直观对比
营收规模更大
TWLO
是对方的1.4倍
$969.9M
营收增速更快
VIRT
高出1.9%
14.3%
净利率更高
VIRT
高出17.8%
-3.4%
两年增速更快
VIRT
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $969.9M |
| 净利润 | $-45.9M | $139.9M |
| 毛利率 | 48.5% | — |
| 营业利润率 | 4.2% | 35.4% |
| 净利率 | -3.4% | 14.4% |
| 营收同比 | 14.3% | 16.3% |
| 净利润同比 | -267.7% | 48.7% |
| 每股收益（稀释后） | $-0.28 | $1.54 |
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TWLOVIRT
| Q4 25 | $1.4B | $969.9M | ||
| Q3 25 | $1.3B | $824.8M | ||
| Q2 25 | $1.2B | $999.6M | ||
| Q1 25 | $1.2B | $837.9M | ||
| Q4 24 | $1.2B | $834.3M | ||
| Q3 24 | $1.1B | $706.8M | ||
| Q2 24 | $1.1B | $693.0M | ||
| Q1 24 | $1.0B | $642.8M |
净利润TWLOVIRT
| Q4 25 | $-45.9M | $139.9M | ||
| Q3 25 | $37.2M | $77.6M | ||
| Q2 25 | $22.4M | $151.2M | ||
| Q1 25 | $20.0M | $99.7M | ||
| Q4 24 | $-12.5M | $94.1M | ||
| Q3 24 | $-9.7M | $60.0M | ||
| Q2 24 | $-31.9M | $66.6M | ||
| Q1 24 | $-55.3M | $55.8M |
毛利率TWLOVIRT
| Q4 25 | 48.5% | — | ||
| Q3 25 | 48.6% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 49.6% | — | ||
| Q4 24 | 50.2% | — | ||
| Q3 24 | 51.0% | — | ||
| Q2 24 | 51.3% | — | ||
| Q1 24 | 52.0% | — |
营业利润率TWLOVIRT
| Q4 25 | 4.2% | 35.4% | ||
| Q3 25 | 3.1% | 21.8% | ||
| Q2 25 | 3.0% | 34.7% | ||
| Q1 25 | 2.0% | 26.7% | ||
| Q4 24 | 1.1% | 24.3% | ||
| Q3 24 | -0.4% | 20.8% | ||
| Q2 24 | -1.8% | 22.4% | ||
| Q1 24 | -4.2% | 21.8% |
净利率TWLOVIRT
| Q4 25 | -3.4% | 14.4% | ||
| Q3 25 | 2.9% | 9.4% | ||
| Q2 25 | 1.8% | 15.1% | ||
| Q1 25 | 1.7% | 11.9% | ||
| Q4 24 | -1.0% | 11.3% | ||
| Q3 24 | -0.9% | 8.5% | ||
| Q2 24 | -2.9% | 9.6% | ||
| Q1 24 | -5.3% | 8.7% |
每股收益（稀释后）TWLOVIRT
| Q4 25 | $-0.28 | $1.54 | ||
| Q3 25 | $0.23 | $0.86 | ||
| Q2 25 | $0.14 | $1.65 | ||
| Q1 25 | $0.12 | $1.08 | ||
| Q4 24 | $-0.10 | $1.03 | ||
| Q3 24 | $-0.06 | $0.64 | ||
| Q2 24 | $-0.19 | $0.71 | ||
| Q1 24 | $-0.31 | $0.59 |
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 | $682.3M | $1.1B |
| 总债务越低越好 | $992.3M | $2.0B |
| 股东权益账面价值 | $7.8B | $1.6B |
| 总资产 | $9.8B | $20.2B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资TWLOVIRT
| Q4 25 | $682.3M | $1.1B | ||
| Q3 25 | $734.8M | $707.9M | ||
| Q2 25 | $969.2M | $752.1M | ||
| Q1 25 | $467.1M | $723.6M | ||
| Q4 24 | $421.3M | $872.5M | ||
| Q3 24 | $584.0M | $701.4M | ||
| Q2 24 | $755.1M | $684.8M | ||
| Q1 24 | $672.6M | $399.6M |
总债务TWLOVIRT
| Q4 25 | $992.3M | $2.0B | ||
| Q3 25 | $991.9M | $2.0B | ||
| Q2 25 | $991.4M | $1.7B | ||
| Q1 25 | $991.0M | $1.7B | ||
| Q4 24 | $990.6M | $1.7B | ||
| Q3 24 | $990.2M | $1.7B | ||
| Q2 24 | $989.8M | $1.7B | ||
| Q1 24 | $989.4M | $1.7B |
股东权益TWLOVIRT
| Q4 25 | $7.8B | $1.6B | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $8.0B | $1.4B | ||
| Q1 25 | $8.0B | $1.3B | ||
| Q4 24 | $8.0B | $1.3B | ||
| Q3 24 | $8.2B | $1.2B | ||
| Q2 24 | $8.7B | $1.2B | ||
| Q1 24 | $9.4B | $1.2B |
总资产TWLOVIRT
| Q4 25 | $9.8B | $20.2B | ||
| Q3 25 | $9.7B | $21.3B | ||
| Q2 25 | $9.8B | $19.3B | ||
| Q1 25 | $9.8B | $17.5B | ||
| Q4 24 | $9.9B | $15.4B | ||
| Q3 24 | $10.0B | $14.4B | ||
| Q2 24 | $10.5B | $13.9B | ||
| Q1 24 | $11.3B | $12.8B |
负债/权益比TWLOVIRT
| Q4 25 | 0.13× | 1.29× | ||
| Q3 25 | 0.13× | 1.40× | ||
| Q2 25 | 0.12× | 1.24× | ||
| Q1 25 | 0.12× | 1.33× | ||
| Q4 24 | 0.12× | 1.39× | ||
| Q3 24 | 0.12× | 1.41× | ||
| Q2 24 | 0.11× | 1.41× | ||
| Q1 24 | 0.10× | 1.42× |
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 | $271.6M | $518.4M |
| 自由现金流经营现金流 - 资本支出 | — | $495.6M |
| 自由现金流率自由现金流/营收 | — | 51.1% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 现金转化率经营现金流/净利润 | — | 3.71× |
| 过去12个月自由现金流最近4个季度 | — | $485.6M |
8季度趋势，按日历期对齐
经营现金流TWLOVIRT
| Q4 25 | $271.6M | $518.4M | ||
| Q3 25 | $263.6M | $-68.7M | ||
| Q2 25 | $277.1M | $62.8M | ||
| Q1 25 | $191.0M | $15.0M | ||
| Q4 24 | $108.4M | $599.0M | ||
| Q3 24 | $204.3M | $112.1M | ||
| Q2 24 | $213.3M | $490.8M | ||
| Q1 24 | $190.1M | $-395.4M |
自由现金流TWLOVIRT
| Q4 25 | — | $495.6M | ||
| Q3 25 | — | $-76.7M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $586.6M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M | ||
| Q1 24 | — | $-398.2M |
自由现金流率TWLOVIRT
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | -9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 70.3% | ||
| Q1 24 | — | -61.9% |
资本支出强度TWLOVIRT
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.4% |
现金转化率TWLOVIRT
| Q4 25 | — | 3.71× | ||
| Q3 25 | 7.08× | -0.89× | ||
| Q2 25 | 12.36× | 0.42× | ||
| Q1 25 | 9.54× | 0.15× | ||
| Q4 24 | — | 6.37× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 7.37× | ||
| Q1 24 | — | -7.08× |
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
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
VIRT
暂无分部数据
