SPS商务 SPSC
$81.91 −$0.67 (-0.81%)
休市 · Nov 6, 8:10 pm ET · 最新盘后价 $81.91 0.00%
开盘$80.95
昨收$82.58
当日区间$79.00 – $82.91
成交量541.5K
市值$2.90B
市盈率（TTM）36.4
股息率–
基本面
最新报告季度：Q3, ended Sep 2026
营收$197.65M+4.1% YoY
营业利润$39.93M+28.0% YoY
净利润$30.68M+20.0% YoY
摊薄每股收益$0.85+26.9% YoY
自由现金流$58.50M+7.2% YoY
经营现金流$64.01M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率70.2%
营业利润率16.8%
净利率10.7%
净资产收益率8.8%
资产收益率7.3%
投入资本回报率8.7%
流动比率2.25
负债/资产比率17.6%
现金及投资$183.50M
总负债$5.39M
净现金（净负债）$178.11M
自由现金流/营收26.0%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 报告营业总收入 | $197.65M | $197.82M | $192.12M | $751.51M | $192.65M |
| 营业总收入 | $197.65M | $197.82M | $192.12M | $751.51M | $192.65M |
| 营业成本 | $57.10M | $59.03M | $59.22M | $231.63M | $56.96M |
| 毛利润 | $140.55M | $138.79M | $132.90M | $519.88M | $135.70M |
| 营业费用 | $100.62M | $106.92M | $108.35M | $401.57M | $101.01M |
| 销售及管理费用 | $74.31M | $80.58M | $81.11M | $295.72M | $74.74M |
| -销售及营销费用 | $43.47M | $43.94M | $44.73M | $169.13M | $41.74M |
| -管理费用 | $30.83M | $36.65M | $36.37M | $126.59M | $33.00M |
| 研发费用 | $16.55M | $16.96M | $17.92M | $68.68M | $16.69M |
| 折旧、摊销与折耗 | $9.77M | $9.38M | $9.32M | $37.17M | $9.58M |
| -折旧与摊销 | $9.77M | $9.38M | $9.32M | $37.17M | $9.58M |
| 营业利润 | $39.93M | $31.87M | $24.56M | $118.30M | $34.69M |
| 其他收入（支出） | $1.37M | -$21.46M | $1.41M | $5.53M | $1.29M |
| 证券出售收益 | $1.60M | $1.61M | $1.27M | $5.04M | $746,000.00 |
| 特殊收益（费用） | $0.00 | -$23.45M | – | – | – |
| -业务出售收益 | $0.00 | -$23.45M | – | – | – |
| 其他非经营性收入（支出） | -$226,000.00 | $385,000.00 | $134,000.00 | $495,000.00 | $546,000.00 |
| 税前利润 | $41.30M | $10.41M | $25.96M | $123.84M | $35.98M |
| 税费 | $10.62M | $3.55M | $6.24M | $30.50M | $10.14M |
| 净利润 | $30.68M | $6.86M | $19.73M | $93.34M | $25.84M |
| 持续经营利润 | $30.68M | $6.86M | $19.73M | $93.34M | $25.84M |
| 归属母公司净利润 | $30.68M | $6.86M | $19.73M | $93.34M | $25.84M |
| 归属普通股股东净利润 | $30.68M | $6.86M | $19.73M | $93.34M | $25.84M |
| 基本每股收益 | $0.85 | $0.19 | $0.53 | $2.46 | $0.69 |
| 摊薄每股收益 | $0.85 | $0.19 | $0.53 | $2.46 | $0.68 |
资产负债表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 总资产 | $1.13B | $1.13B | $1.16B | $1.17B | $1.17B |
| 流动资产合计 | $347.02M | $330.40M | $328.74M | $335.30M | $335.30M |
| 现金及现金等价物与短期投资 | $183.50M | $173.17M | $154.27M | $151.36M | $151.36M |
| -现金及现金等价物 | $153.82M | $173.17M | $154.27M | $151.36M | $151.36M |
| -短期投资 | $29.68M | – | – | – | – |
| 应收款 | $66.18M | $63.69M | $65.11M | $68.17M | $68.17M |
| -应收账款 | $66.18M | $63.69M | $65.11M | $68.17M | $68.17M |
| 一年内递延资产 | $64.18M | $64.00M | $65.91M | $66.69M | $66.69M |
| 其他流动资产 | $33.16M | $29.54M | $43.46M | $49.09M | $49.09M |
| 非流动资产合计 | $785.58M | $795.03M | $832.47M | $834.56M | $834.56M |
| 固定资产净值 | $49.60M | $49.13M | $51.01M | $48.14M | $48.14M |
| -固定资产原值 | $165.99M | $160.38M | $158.12M | $149.55M | $149.55M |
| -累计折旧 | -$116.39M | -$111.26M | -$107.11M | -$101.41M | -$101.41M |
| 商誉及其他无形资产 | $701.63M | $711.86M | $746.91M | $757.53M | $757.53M |
| -商誉 | $539.09M | $539.41M | $540.84M | $541.72M | $541.72M |
| -其他无形资产 | $162.55M | $172.45M | $206.07M | $215.82M | $215.82M |
| 一年以上递延资产 | $20.49M | $20.81M | $20.81M | $21.21M | $21.21M |
| 其他非流动资产 | $13.86M | $13.24M | $13.75M | $7.67M | $7.67M |
| 负债合计 | $199.70M | $186.95M | $199.05M | $195.97M | $195.97M |
| 流动负债合计 | $153.97M | $146.26M | $154.95M | $154.35M | $154.35M |
| 应付款 | $9.88M | $9.48M | $14.47M | $13.76M | $13.76M |
| -应付账款 | $9.88M | $9.48M | $14.47M | $13.76M | $13.76M |
| 一年内应计费用 | $16.06M | $14.90M | $15.54M | $13.07M | $13.07M |
| 短期债务及融资租赁负债 | $1.23M | $1.54M | $1.92M | $4.35M | $4.35M |
| -一年内到期融资租赁负债 | $1.23M | $1.54M | $1.92M | $4.35M | $4.35M |
| 一年内递延负债 | $79.34M | $80.87M | $80.38M | $75.59M | $75.59M |
| 非流动负债合计 | $45.72M | $40.69M | $44.10M | $41.62M | $41.62M |
| 长期债务及融资租赁负债 | $5.39M | $4.77M | $4.70M | $2.84M | $2.84M |
| -长期融资租赁负债 | $5.39M | $4.77M | $4.70M | $2.84M | $2.84M |
| 一年以上递延负债 | $40.08M | $35.65M | $39.12M | $38.49M | $38.49M |
| 其他非流动负债 | $255,000.00 | $271,000.00 | $279,000.00 | $287,000.00 | $287,000.00 |
| 股东权益合计 | $932.90M | $938.48M | $962.16M | $973.89M | $973.89M |
| 股东权益 | $932.90M | $938.48M | $962.16M | $973.89M | $973.89M |
| 股本 | $40,000.00 | $40,000.00 | $40,000.00 | $40,000.00 | $40,000.00 |
| -普通股 | $40,000.00 | $40,000.00 | $40,000.00 | $40,000.00 | $40,000.00 |
| -优先股 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 资本公积 | $778.77M | $763.35M | $741.54M | $722.74M | $722.74M |
| 留存收益 | $486.71M | $456.03M | $449.17M | $429.44M | $429.44M |
| 减：库存股 | $328.16M | $276.92M | $226.90M | $177.95M | $177.95M |
| 不影响留存收益的损益 | -$4.46M | -$4.02M | -$1.69M | -$373,000.00 | -$373,000.00 |
现金流量表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 经营活动现金流 | $64.01M | $66.03M | $55.63M | $178.79M | $45.87M |
| 持续经营经营活动现金流净额 | $64.01M | $66.03M | $55.63M | $178.79M | $45.87M |
| 持续经营净利润 | $30.68M | $6.86M | $19.73M | $93.34M | $25.84M |
| 持续经营损益 | $0.00 | – | – | – | – |
| 折旧、折耗与摊销 | $15.84M | $15.53M | $15.15M | $58.26M | $15.37M |
| 递延税款 | $5.30M | -$5.13M | $713,000.00 | $18.91M | $6.33M |
| 其他非现金项目 | $165,000.00 | -$1.20M | -$242,000.00 | -$1.09M | -$744,000.00 |
| 营运资金变动 | -$5.30M | $5.17M | $229,000.00 | -$54.28M | -$14.40M |
| -应收款变动 | -$4.40M | -$3.24M | $1.10M | -$20.30M | -$4.00M |
| -应付账款及应计费用变动 | $5.98M | -$5.48M | -$5.89M | -$2.57M | -$4.31M |
| -其他营运资金变动 | -$6.88M | $13.89M | $5.01M | -$31.40M | -$6.10M |
| 投资活动现金流净额 | -$34.95M | $170,000.00 | -$7.14M | -$169.15M | -$7.65M |
| 持续经营投资活动现金流净额 | -$34.95M | $170,000.00 | -$7.14M | -$169.15M | -$7.65M |
| 固定资产购置及出售净额 | -$5.51M | -$8.60M | -$7.14M | -$26.52M | -$7.65M |
| 业务购买及出售净额 | $0.00 | $0.00 | $0.00 | -$142.63M | $0.00 |
| 其他投资变动净额 | $0.00 | – | – | – | – |
| 筹资活动现金流 | -$48.28M | -$47.31M | -$45.86M | -$100.83M | -$20.68M |
| 持续经营筹资活动现金流净额 | -$48.28M | -$47.31M | -$45.86M | -$100.83M | -$20.68M |
| 普通股发行净额 | -$48.85M | -$51.23M | -$47.12M | -$114.28M | -$24.72M |
| 股票期权行使所得 | $566,000.00 | $3.92M | $1.26M | $13.45M | $4.04M |
| 期末现金余额 | $153.82M | $173.17M | $154.27M | $151.36M | $151.36M |
| 现金净变动 | -$19.23M | $18.89M | $2.63M | -$91.19M | $17.54M |
| 期初现金余额 | $173.17M | $154.27M | $151.36M | $241.02M | $133.73M |
| 汇率变动影响 | -$121,000.00 | $6,000.00 | $288,000.00 | $1.53M | $91,000.00 |
| 自由现金流 | $58.50M | $57.43M | $48.49M | $152.27M | $38.22M |
| 投资购置及出售净额 | – | – | – | $0.00 | $0.00 |
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