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Tyler Technologies（TYL）与Westrock Coffee Co（WEST）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是Westrock Coffee Co的1.7倍（$575.2M vs $339.5M），Tyler Technologies净利率更高（11.4% vs -6.6%，领先18.0%），Westrock Coffee Co同比增速更快（48.3% vs 6.3%），Tyler Technologies自由现金流更多（$239.6M vs $27.8M），过去两年Westrock Coffee Co的营收复合增速更高（32.8% vs 6.0%）
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。
Westrock Coffee Co是一家全球化综合咖啡及饮品解决方案供应商，业务覆盖咖啡、茶与功能性饮品的采购、烘焙、生产及分销，为北美及全球其他区域的零售、餐饮和商业客户提供定制化产品及配套服务。
TYL vs WEST — 直观对比
营收规模更大
TYL
是对方的1.7倍
$339.5M
营收增速更快
WEST
高出42.0%
6.3%
净利率更高
TYL
高出18.0%
-6.6%
自由现金流更多
TYL
多$211.8M
$27.8M
两年增速更快
WEST
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $575.2M | $339.5M |
| 净利润 | $65.5M | $-22.6M |
| 毛利率 | 45.5% | 11.5% |
| 营业利润率 | 13.0% | -2.6% |
| 净利率 | 11.4% | -6.6% |
| 营收同比 | 6.3% | 48.3% |
| 净利润同比 | 0.5% | 8.3% |
| 每股收益（稀释后） | $1.50 | $-0.22 |
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TYLWEST
| Q4 25 | $575.2M | $339.5M | ||
| Q3 25 | $595.9M | $354.8M | ||
| Q2 25 | $596.1M | $280.9M | ||
| Q1 25 | $565.2M | $213.8M | ||
| Q4 24 | $541.1M | $229.0M | ||
| Q3 24 | $543.3M | $220.9M | ||
| Q2 24 | $541.0M | $208.4M | ||
| Q1 24 | $512.4M | $192.5M |
净利润TYLWEST
| Q4 25 | $65.5M | $-22.6M | ||
| Q3 25 | $84.4M | $-19.1M | ||
| Q2 25 | $84.6M | $-21.6M | ||
| Q1 25 | $81.1M | $-27.2M | ||
| Q4 24 | $65.2M | $-24.6M | ||
| Q3 24 | $75.9M | $-14.3M | ||
| Q2 24 | $67.7M | $-17.8M | ||
| Q1 24 | $54.2M | $-23.7M |
毛利率TYLWEST
| Q4 25 | 45.5% | 11.5% | ||
| Q3 25 | 47.2% | 11.7% | ||
| Q2 25 | 45.8% | 14.7% | ||
| Q1 25 | 47.3% | 13.6% | ||
| Q4 24 | 43.8% | 16.6% | ||
| Q3 24 | 43.7% | 16.8% | ||
| Q2 24 | 44.0% | 19.9% | ||
| Q1 24 | 43.7% | 19.4% |
营业利润率TYLWEST
| Q4 25 | 13.0% | -2.6% | ||
| Q3 25 | 16.4% | -2.4% | ||
| Q2 25 | 16.0% | -5.3% | ||
| Q1 25 | 15.8% | -6.1% | ||
| Q4 24 | 13.2% | -4.3% | ||
| Q3 24 | 15.2% | -5.8% | ||
| Q2 24 | 14.4% | -7.9% | ||
| Q1 24 | 13.1% | -5.3% |
净利率TYLWEST
| Q4 25 | 11.4% | -6.6% | ||
| Q3 25 | 14.2% | -5.4% | ||
| Q2 25 | 14.2% | -7.7% | ||
| Q1 25 | 14.3% | -12.7% | ||
| Q4 24 | 12.1% | -10.7% | ||
| Q3 24 | 14.0% | -6.5% | ||
| Q2 24 | 12.5% | -8.5% | ||
| Q1 24 | 10.6% | -12.3% |
每股收益（稀释后）TYLWEST
| Q4 25 | $1.50 | $-0.22 | ||
| Q3 25 | $1.93 | $-0.20 | ||
| Q2 25 | $1.93 | $-0.23 | ||
| Q1 25 | $1.84 | $-0.29 | ||
| Q4 24 | $1.48 | $-0.26 | ||
| Q3 24 | $1.74 | $-0.16 | ||
| Q2 24 | $1.57 | $-0.20 | ||
| Q1 24 | $1.26 | $-0.27 |
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 | $49.9M |
| 总债务越低越好 | $599.7M | $444.1M |
| 股东权益账面价值 | $3.7B | $-1.9M |
| 总资产 | $5.6B | $1.2B |
| 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TYLWEST
| Q4 25 | $1.1B | $49.9M | ||
| Q3 25 | $950.8M | $34.0M | ||
| Q2 25 | $892.3M | $44.0M | ||
| Q1 25 | $807.4M | $33.1M | ||
| Q4 24 | $768.0M | $26.2M | ||
| Q3 24 | $544.3M | $22.4M | ||
| Q2 24 | $258.0M | $24.3M | ||
| Q1 24 | $196.9M | $12.6M |
总债务TYLWEST
| Q4 25 | $599.7M | $444.1M | ||
| Q3 25 | $599.2M | — | ||
| Q2 25 | $598.8M | — | ||
| Q1 25 | $598.4M | — | ||
| Q4 24 | $597.9M | $393.1M | ||
| Q3 24 | $597.5M | — | ||
| Q2 24 | $597.1M | — | ||
| Q1 24 | $596.6M | — |
股东权益TYLWEST
| Q4 25 | $3.7B | $-1.9M | ||
| Q3 25 | $3.6B | $11.4M | ||
| Q2 25 | $3.6B | $18.2M | ||
| Q1 25 | $3.5B | $71.4M | ||
| Q4 24 | $3.4B | $97.5M | ||
| Q3 24 | $3.3B | $110.3M | ||
| Q2 24 | $3.1B | $81.5M | ||
| Q1 24 | $3.0B | $91.7M |
总资产TYLWEST
| Q4 25 | $5.6B | $1.2B | ||
| Q3 25 | $5.5B | $1.2B | ||
| Q2 25 | $5.4B | $1.2B | ||
| Q1 25 | $5.2B | $1.1B | ||
| Q4 24 | $5.2B | $1.1B | ||
| Q3 24 | $5.0B | $1.1B | ||
| Q2 24 | $4.8B | $1.1B | ||
| Q1 24 | $4.6B | $983.3M |
负债/权益比TYLWEST
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 0.17× | — | ||
| Q4 24 | 0.18× | 4.03× | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.20× | — |
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 | $36.7M |
| 自由现金流经营现金流 - 资本支出 | $239.6M | $27.8M |
| 自由现金流率自由现金流/营收 | 41.7% | 8.2% |
| 资本支出强度资本支出/营收 | 0.8% | 2.6% |
| 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 | $-107.8M |
8季度趋势，按日历期对齐
经营现金流TYLWEST
| Q4 25 | $243.9M | $36.7M | ||
| Q3 25 | $255.2M | $-26.6M | ||
| Q2 25 | $98.3M | $-7.0M | ||
| Q1 25 | $56.2M | $-22.1M | ||
| Q4 24 | $224.8M | $2.8M | ||
| Q3 24 | $263.7M | $-332.0K | ||
| Q2 24 | $64.3M | $-23.7M | ||
| Q1 24 | $71.8M | $8.0M |
自由现金流TYLWEST
| Q4 25 | $239.6M | $27.8M | ||
| Q3 25 | $251.3M | $-44.7M | ||
| Q2 25 | $92.8M | $-27.5M | ||
| Q1 25 | $53.8M | $-63.4M | ||
| Q4 24 | $221.0M | $-15.4M | ||
| Q3 24 | $260.8M | $-36.7M | ||
| Q2 24 | $57.7M | $-59.9M | ||
| Q1 24 | $64.6M | $-60.9M |
自由现金流率TYLWEST
| Q4 25 | 41.7% | 8.2% | ||
| Q3 25 | 42.2% | -12.6% | ||
| Q2 25 | 15.6% | -9.8% | ||
| Q1 25 | 9.5% | -29.7% | ||
| Q4 24 | 40.8% | -6.7% | ||
| Q3 24 | 48.0% | -16.6% | ||
| Q2 24 | 10.7% | -28.7% | ||
| Q1 24 | 12.6% | -31.7% |
资本支出强度TYLWEST
| Q4 25 | 0.8% | 2.6% | ||
| Q3 25 | 0.7% | 5.1% | ||
| Q2 25 | 0.9% | 7.3% | ||
| Q1 25 | 0.4% | 19.3% | ||
| Q4 24 | 0.7% | 7.9% | ||
| Q3 24 | 0.5% | 16.5% | ||
| Q2 24 | 1.2% | 17.4% | ||
| Q1 24 | 1.4% | 35.8% |
现金转化率TYLWEST
| Q4 25 | 3.72× | — | ||
| Q3 25 | 3.02× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 3.45× | — | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 1.33× | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
