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Tyler Technologies（TYL）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是Tyler Technologies的1.2倍（$663.4M vs $575.2M），Tyler Technologies净利率更高（11.4% vs -1.0%，领先12.4%），Tyler Technologies同比增速更快（6.3% vs -3.0%），Tyler Technologies自由现金流更多（$239.6M vs $28.3M），过去两年Tyler Technologies的营收复合增速更高（6.0% vs -3.0%）
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
TYL vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.2倍
$575.2M
营收增速更快
TYL
高出9.3%
-3.0%
净利率更高
TYL
高出12.4%
-1.0%
自由现金流更多
TYL
多$211.3M
$28.3M
两年增速更快
TYL
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $575.2M | $663.4M |
| 净利润 | $65.5M | $-6.4M |
| 毛利率 | 45.5% | — |
| 营业利润率 | 13.0% | 2.5% |
| 净利率 | 11.4% | -1.0% |
| 营收同比 | 6.3% | -3.0% |
| 净利润同比 | 0.5% | -868.1% |
| 每股收益（稀释后） | $1.50 | $-0.05 |
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TYLVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $575.2M | $712.0M | ||
| Q3 25 | $595.9M | — | ||
| Q2 25 | $596.1M | $673.8M | ||
| Q1 25 | $565.2M | $665.2M | ||
| Q4 24 | $541.1M | $683.8M | ||
| Q3 24 | $543.3M | $684.3M | ||
| Q2 24 | $541.0M | $698.2M |
净利润TYLVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $65.5M | $-12.5M | ||
| Q3 25 | $84.4M | — | ||
| Q2 25 | $84.6M | $-676.0K | ||
| Q1 25 | $81.1M | $-27.8M | ||
| Q4 24 | $65.2M | $832.0K | ||
| Q3 24 | $75.9M | $-2.3M | ||
| Q2 24 | $67.7M | $5.0M |
毛利率TYLVSTS
| Q1 26 | — | — | ||
| Q4 25 | 45.5% | — | ||
| Q3 25 | 47.2% | — | ||
| Q2 25 | 45.8% | — | ||
| Q1 25 | 47.3% | — | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 43.7% | — | ||
| Q2 24 | 44.0% | — |
营业利润率TYLVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 13.0% | 2.5% | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 16.0% | 3.7% | ||
| Q1 25 | 15.8% | -1.3% | ||
| Q4 24 | 13.2% | 4.4% | ||
| Q3 24 | 15.2% | 4.4% | ||
| Q2 24 | 14.4% | 5.4% |
净利率TYLVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 11.4% | -1.8% | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | 14.2% | -0.1% | ||
| Q1 25 | 14.3% | -4.2% | ||
| Q4 24 | 12.1% | 0.1% | ||
| Q3 24 | 14.0% | -0.3% | ||
| Q2 24 | 12.5% | 0.7% |
每股收益（稀释后）TYLVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $1.50 | $-0.10 | ||
| Q3 25 | $1.93 | — | ||
| Q2 25 | $1.93 | $-0.01 | ||
| Q1 25 | $1.84 | $-0.21 | ||
| Q4 24 | $1.48 | $0.01 | ||
| Q3 24 | $1.74 | $-0.02 | ||
| Q2 24 | $1.57 | $0.04 |
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 | $1.1B | $41.5M |
| 总债务越低越好 | $599.7M | — |
| 股东权益账面价值 | $3.7B | $864.4M |
| 总资产 | $5.6B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资TYLVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $1.1B | $29.7M | ||
| Q3 25 | $950.8M | — | ||
| Q2 25 | $892.3M | $23.7M | ||
| Q1 25 | $807.4M | $28.8M | ||
| Q4 24 | $768.0M | $18.6M | ||
| Q3 24 | $544.3M | $31.0M | ||
| Q2 24 | $258.0M | $29.1M |
总债务TYLVSTS
| Q1 26 | — | — | ||
| Q4 25 | $599.7M | $1.2B | ||
| Q3 25 | $599.2M | — | ||
| Q2 25 | $598.8M | — | ||
| Q1 25 | $598.4M | — | ||
| Q4 24 | $597.9M | — | ||
| Q3 24 | $597.5M | $1.2B | ||
| Q2 24 | $597.1M | — |
股东权益TYLVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $3.7B | $865.6M | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | $882.2M | ||
| Q1 25 | $3.5B | $876.3M | ||
| Q4 24 | $3.4B | $899.6M | ||
| Q3 24 | $3.3B | $903.1M | ||
| Q2 24 | $3.1B | $901.2M |
总资产TYLVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $5.6B | $2.9B | ||
| Q3 25 | $5.5B | — | ||
| Q2 25 | $5.4B | $2.9B | ||
| Q1 25 | $5.2B | $2.9B | ||
| Q4 24 | $5.2B | $2.9B | ||
| Q3 24 | $5.0B | $2.9B | ||
| Q2 24 | $4.8B | $3.1B |
负债/权益比TYLVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 1.35× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 0.17× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | 1.29× | ||
| Q2 24 | 0.19× | — |
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 | $243.9M | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $239.6M | $28.3M |
| 自由现金流率自由现金流/营收 | 41.7% | 4.3% |
| 资本支出强度资本支出/营收 | 0.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.72× | — |
| 过去12个月自由现金流最近4个季度 | $637.5M | $45.0M |
8季度趋势，按日历期对齐
经营现金流TYLVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $243.9M | $30.9M | ||
| Q3 25 | $255.2M | — | ||
| Q2 25 | $98.3M | $22.9M | ||
| Q1 25 | $56.2M | $6.7M | ||
| Q4 24 | $224.8M | $3.8M | ||
| Q3 24 | $263.7M | $295.6M | ||
| Q2 24 | $64.3M | $48.7M |
自由现金流TYLVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $239.6M | $15.6M | ||
| Q3 25 | $251.3M | — | ||
| Q2 25 | $92.8M | $8.0M | ||
| Q1 25 | $53.8M | $-6.9M | ||
| Q4 24 | $221.0M | $-11.0M | ||
| Q3 24 | $260.8M | $267.5M | ||
| Q2 24 | $57.7M | $27.7M |
自由现金流率TYLVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 41.7% | 2.2% | ||
| Q3 25 | 42.2% | — | ||
| Q2 25 | 15.6% | 1.2% | ||
| Q1 25 | 9.5% | -1.0% | ||
| Q4 24 | 40.8% | -1.6% | ||
| Q3 24 | 48.0% | 39.1% | ||
| Q2 24 | 10.7% | 4.0% |
资本支出强度TYLVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 0.8% | 2.2% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.4% | 2.0% | ||
| Q4 24 | 0.7% | 2.2% | ||
| Q3 24 | 0.5% | 4.1% | ||
| Q2 24 | 1.2% | 3.0% |
现金转化率TYLVSTS
| Q1 26 | — | — | ||
| Q4 25 | 3.72× | — | ||
| Q3 25 | 3.02× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 3.45× | 4.54× | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.95× | 9.66× |
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
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
