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Tyler Technologies（TYL）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的1.0倍（$575.2M vs $566.0M），Tyler Technologies净利率更高（11.4% vs -33.1%，领先44.5%），Tyler Technologies同比增速更快（6.3% vs -6.1%），Tyler Technologies自由现金流更多（$239.6M vs $149.7M），过去两年Tyler Technologies的营收复合增速更高（6.0% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
TYL vs WSC — 直观对比
营收规模更大
TYL
是对方的1.0倍
$566.0M
营收增速更快
TYL
高出12.4%
-6.1%
净利率更高
TYL
高出44.5%
-33.1%
自由现金流更多
TYL
多$89.8M
$149.7M
两年增速更快
TYL
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $575.2M | $566.0M |
| 净利润 | $65.5M | $-187.3M |
| 毛利率 | 45.5% | 50.4% |
| 营业利润率 | 13.0% | -32.5% |
| 净利率 | 11.4% | -33.1% |
| 营收同比 | 6.3% | -6.1% |
| 净利润同比 | 0.5% | -310.0% |
| 每股收益（稀释后） | $1.50 | $-1.02 |
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TYLWSC
| Q4 25 | $575.2M | $566.0M | ||
| Q3 25 | $595.9M | $566.8M | ||
| Q2 25 | $596.1M | $589.1M | ||
| Q1 25 | $565.2M | $559.6M | ||
| Q4 24 | $541.1M | $602.5M | ||
| Q3 24 | $543.3M | $601.4M | ||
| Q2 24 | $541.0M | $604.6M | ||
| Q1 24 | $512.4M | $587.2M |
净利润TYLWSC
| Q4 25 | $65.5M | $-187.3M | ||
| Q3 25 | $84.4M | $43.3M | ||
| Q2 25 | $84.6M | $47.9M | ||
| Q1 25 | $81.1M | $43.1M | ||
| Q4 24 | $65.2M | $89.2M | ||
| Q3 24 | $75.9M | $-70.5M | ||
| Q2 24 | $67.7M | $-46.9M | ||
| Q1 24 | $54.2M | $56.2M |
毛利率TYLWSC
| Q4 25 | 45.5% | 50.4% | ||
| Q3 25 | 47.2% | 49.7% | ||
| Q2 25 | 45.8% | 50.3% | ||
| Q1 25 | 47.3% | 53.7% | ||
| Q4 24 | 43.8% | 55.8% | ||
| Q3 24 | 43.7% | 53.5% | ||
| Q2 24 | 44.0% | 54.1% | ||
| Q1 24 | 43.7% | 54.0% |
营业利润率TYLWSC
| Q4 25 | 13.0% | -32.5% | ||
| Q3 25 | 16.4% | 21.0% | ||
| Q2 25 | 16.0% | 21.5% | ||
| Q1 25 | 15.8% | 21.3% | ||
| Q4 24 | 13.2% | 28.9% | ||
| Q3 24 | 15.2% | -5.9% | ||
| Q2 24 | 14.4% | -0.9% | ||
| Q1 24 | 13.1% | 22.1% |
净利率TYLWSC
| Q4 25 | 11.4% | -33.1% | ||
| Q3 25 | 14.2% | 7.6% | ||
| Q2 25 | 14.2% | 8.1% | ||
| Q1 25 | 14.3% | 7.7% | ||
| Q4 24 | 12.1% | 14.8% | ||
| Q3 24 | 14.0% | -11.7% | ||
| Q2 24 | 12.5% | -7.7% | ||
| Q1 24 | 10.6% | 9.6% |
每股收益（稀释后）TYLWSC
| Q4 25 | $1.50 | $-1.02 | ||
| Q3 25 | $1.93 | $0.24 | ||
| Q2 25 | $1.93 | $0.26 | ||
| Q1 25 | $1.84 | $0.23 | ||
| Q4 24 | $1.48 | $0.48 | ||
| Q3 24 | $1.74 | $-0.37 | ||
| Q2 24 | $1.57 | $-0.25 | ||
| Q1 24 | $1.26 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $599.7M | $3.6B |
| 股东权益账面价值 | $3.7B | $856.3M |
| 总资产 | $5.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.16× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资TYLWSC
| Q4 25 | $1.1B | $14.6M | ||
| Q3 25 | $950.8M | $14.8M | ||
| Q2 25 | $892.3M | $12.8M | ||
| Q1 25 | $807.4M | $10.7M | ||
| Q4 24 | $768.0M | $9.0M | ||
| Q3 24 | $544.3M | $11.0M | ||
| Q2 24 | $258.0M | $5.9M | ||
| Q1 24 | $196.9M | $13.1M |
总债务TYLWSC
| Q4 25 | $599.7M | $3.6B | ||
| Q3 25 | $599.2M | $3.6B | ||
| Q2 25 | $598.8M | $3.7B | ||
| Q1 25 | $598.4M | $3.6B | ||
| Q4 24 | $597.9M | $3.7B | ||
| Q3 24 | $597.5M | $3.6B | ||
| Q2 24 | $597.1M | $3.5B | ||
| Q1 24 | $596.6M | $3.5B |
股东权益TYLWSC
| Q4 25 | $3.7B | $856.3M | ||
| Q3 25 | $3.6B | $1.1B | ||
| Q2 25 | $3.6B | $1.0B | ||
| Q1 25 | $3.5B | $1.0B | ||
| Q4 24 | $3.4B | $1.0B | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $3.1B | $1.2B | ||
| Q1 24 | $3.0B | $1.3B |
总资产TYLWSC
| Q4 25 | $5.6B | $5.8B | ||
| Q3 25 | $5.5B | $6.1B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.2B | $6.0B | ||
| Q4 24 | $5.2B | $6.0B | ||
| Q3 24 | $5.0B | $6.0B | ||
| Q2 24 | $4.8B | $6.0B | ||
| Q1 24 | $4.6B | $6.2B |
负债/权益比TYLWSC
| Q4 25 | 0.16× | 4.15× | ||
| Q3 25 | 0.17× | 3.39× | ||
| Q2 25 | 0.16× | 3.55× | ||
| Q1 25 | 0.17× | 3.56× | ||
| Q4 24 | 0.18× | 3.62× | ||
| Q3 24 | 0.18× | 3.42× | ||
| Q2 24 | 0.19× | 2.88× | ||
| Q1 24 | 0.20× | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $239.6M | $149.7M |
| 自由现金流率自由现金流/营收 | 41.7% | 26.5% |
| 资本支出强度资本支出/营收 | 0.8% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流TYLWSC
| Q4 25 | $243.9M | $158.9M | ||
| Q3 25 | $255.2M | $191.2M | ||
| Q2 25 | $98.3M | $205.3M | ||
| Q1 25 | $56.2M | $206.6M | ||
| Q4 24 | $224.8M | $178.9M | ||
| Q3 24 | $263.7M | $-1.6M | ||
| Q2 24 | $64.3M | $175.6M | ||
| Q1 24 | $71.8M | $208.7M |
自由现金流TYLWSC
| Q4 25 | $239.6M | $149.7M | ||
| Q3 25 | $251.3M | $186.9M | ||
| Q2 25 | $92.8M | $199.0M | ||
| Q1 25 | $53.8M | $202.0M | ||
| Q4 24 | $221.0M | $176.6M | ||
| Q3 24 | $260.8M | $-4.9M | ||
| Q2 24 | $57.7M | $169.4M | ||
| Q1 24 | $64.6M | $202.1M |
自由现金流率TYLWSC
| Q4 25 | 41.7% | 26.5% | ||
| Q3 25 | 42.2% | 33.0% | ||
| Q2 25 | 15.6% | 33.8% | ||
| Q1 25 | 9.5% | 36.1% | ||
| Q4 24 | 40.8% | 29.3% | ||
| Q3 24 | 48.0% | -0.8% | ||
| Q2 24 | 10.7% | 28.0% | ||
| Q1 24 | 12.6% | 34.4% |
资本支出强度TYLWSC
| Q4 25 | 0.8% | 1.6% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.7% | 0.4% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 1.2% | 1.0% | ||
| Q1 24 | 1.4% | 1.1% |
现金转化率TYLWSC
| Q4 25 | 3.72× | — | ||
| Q3 25 | 3.02× | 4.41× | ||
| Q2 25 | 1.16× | 4.28× | ||
| Q1 25 | 0.69× | 4.80× | ||
| Q4 24 | 3.45× | 2.01× | ||
| Q3 24 | 3.47× | — | ||
| Q2 24 | 0.95× | — | ||
| Q1 24 | 1.33× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
