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VEEVA SYSTEMS INC（VEEV）与WESTERN ALLIANCE BANCORPORATION（WAL）财务数据对比。点击上方公司名可切换其他公司
WESTERN ALLIANCE BANCORPORATION的季度营收约是VEEVA SYSTEMS INC的1.3倍（$1.0B vs $811.2M），VEEVA SYSTEMS INC净利率更高（29.1% vs 18.6%，领先10.5%），WESTERN ALLIANCE BANCORPORATION同比增速更快（31.0% vs 16.0%），过去两年WESTERN ALLIANCE BANCORPORATION的营收复合增速更高（14.9% vs 13.4%）
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
Western Alliance Bancorporation是总部位于美国菲尼克斯的区域性银行控股公司，长期深耕美国本土区域金融服务市场，目前已跻身美国最大银行行列，在福布斯发布的美国最佳银行榜单中排名第97位。
VEEV vs WAL — 直观对比
营收规模更大
WAL
是对方的1.3倍
$811.2M
营收增速更快
WAL
高出14.9%
16.0%
净利率更高
VEEV
高出10.5%
18.6%
两年增速更快
WAL
近两年复合增速
13.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $811.2M | $1.0B |
| 净利润 | $236.2M | $189.2M |
| 毛利率 | 75.4% | — |
| 营业利润率 | 29.7% | — |
| 净利率 | 29.1% | 18.6% |
| 营收同比 | 16.0% | 31.0% |
| 净利润同比 | 27.1% | -5.0% |
| 每股收益（稀释后） | $1.40 | $1.65 |
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VEEVWAL
| Q1 26 | — | $1.0B | ||
| Q4 25 | $811.2M | $980.9M | ||
| Q3 25 | $789.1M | $938.2M | ||
| Q2 25 | $759.0M | $845.9M | ||
| Q1 25 | $720.9M | $778.0M | ||
| Q4 24 | $699.2M | $838.4M | ||
| Q3 24 | $676.2M | $823.1M | ||
| Q2 24 | $650.3M | $771.8M |
净利润VEEVWAL
| Q1 26 | — | $189.2M | ||
| Q4 25 | $236.2M | $286.1M | ||
| Q3 25 | $200.3M | $253.4M | ||
| Q2 25 | $228.2M | $230.4M | ||
| Q1 25 | $195.6M | $199.1M | ||
| Q4 24 | $185.8M | $216.9M | ||
| Q3 24 | $171.0M | $199.8M | ||
| Q2 24 | $161.7M | $193.6M |
毛利率VEEVWAL
| Q1 26 | — | — | ||
| Q4 25 | 75.4% | — | ||
| Q3 25 | 75.3% | — | ||
| Q2 25 | 77.1% | — | ||
| Q1 25 | 74.9% | — | ||
| Q4 24 | 75.1% | — | ||
| Q3 24 | 74.8% | — | ||
| Q2 24 | 73.3% | — |
营业利润率VEEVWAL
| Q1 26 | — | — | ||
| Q4 25 | 29.7% | 36.3% | ||
| Q3 25 | 24.8% | 33.4% | ||
| Q2 25 | 30.8% | 34.4% | ||
| Q1 25 | 26.1% | 31.7% | ||
| Q4 24 | 25.9% | 30.9% | ||
| Q3 24 | 24.6% | 30.6% | ||
| Q2 24 | 23.9% | 32.1% |
净利率VEEVWAL
| Q1 26 | — | 18.6% | ||
| Q4 25 | 29.1% | 29.2% | ||
| Q3 25 | 25.4% | 27.0% | ||
| Q2 25 | 30.1% | 27.2% | ||
| Q1 25 | 27.1% | 25.6% | ||
| Q4 24 | 26.6% | 25.9% | ||
| Q3 24 | 25.3% | 24.3% | ||
| Q2 24 | 24.9% | 25.1% |
每股收益（稀释后）VEEVWAL
| Q1 26 | — | $1.65 | ||
| Q4 25 | $1.40 | $2.59 | ||
| Q3 25 | $1.19 | $2.28 | ||
| Q2 25 | $1.37 | $2.07 | ||
| Q1 25 | $1.17 | $1.79 | ||
| Q4 24 | $1.13 | $1.94 | ||
| Q3 24 | $1.04 | $1.80 | ||
| Q2 24 | $0.98 | $1.75 |
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 | $1.7B | — |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $7.0B | $7.9B |
| 总资产 | $8.1B | $98.9B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资VEEVWAL
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
总债务VEEVWAL
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $436.0M |
股东权益VEEVWAL
| Q1 26 | — | $7.9B | ||
| Q4 25 | $7.0B | $7.7B | ||
| Q3 25 | $6.6B | $7.4B | ||
| Q2 25 | $6.2B | $7.1B | ||
| Q1 25 | $5.8B | $6.9B | ||
| Q4 24 | $5.5B | $6.7B | ||
| Q3 24 | $5.2B | $6.7B | ||
| Q2 24 | $4.9B | $6.3B |
总资产VEEVWAL
| Q1 26 | — | $98.9B | ||
| Q4 25 | $8.1B | $92.8B | ||
| Q3 25 | $8.0B | $91.0B | ||
| Q2 25 | $7.8B | $86.7B | ||
| Q1 25 | $7.3B | $83.0B | ||
| Q4 24 | $6.5B | $80.9B | ||
| Q3 24 | $6.3B | $80.1B | ||
| Q2 24 | $6.2B | $80.6B |
负债/权益比VEEVWAL
| Q1 26 | — | 0.54× | ||
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.23× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.07× |
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 | $192.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.82× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流VEEVWAL
| Q1 26 | — | — | ||
| Q4 25 | $192.8M | $-2.7B | ||
| Q3 25 | $238.4M | $-597.4M | ||
| Q2 25 | $877.2M | $-357.7M | ||
| Q1 25 | $69.5M | $-1.7B | ||
| Q4 24 | $164.1M | $-2.7B | ||
| Q3 24 | $92.9M | $-1.1B | ||
| Q2 24 | $763.5M | $-745.8M |
现金转化率VEEVWAL
| Q1 26 | — | — | ||
| Q4 25 | 0.82× | -9.36× | ||
| Q3 25 | 1.19× | -2.36× | ||
| Q2 25 | 3.84× | -1.55× | ||
| Q1 25 | 0.36× | -8.31× | ||
| Q4 24 | 0.88× | -12.64× | ||
| Q3 24 | 0.54× | -5.35× | ||
| Q2 24 | 4.72× | -3.85× |
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
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
WAL
暂无分部数据
