Pinterest, Inc. (PINS)财务
NYSE · Communication Services · Internet Content & Information · 员工5,192人 · CEO William J. Ready
- 股价
- $19.37 -2.79%
- 市值
- $110亿
- 企业价值
- $115亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-11 EPS预期 $0.83
营收(TTM)$46.8亿+15.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)5.5%-1.4 百分点 对比去年同期营业利润 $2.57亿
净利润(TTM)$1.78亿-91.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$12.6亿+12.5% 对比去年同期资本支出 $6560万
稀释EPS(TTM)$0.25-91.3% 对比去年同期最近4个季度之和
净现金$2.74亿-88.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $110亿 EV $115亿
- 营收
- $46.8亿 过去12个月
- 营收增速
- +15% FY2026年一致预期
- 净利润率
- 3.8% 净利润 / 营收,TTM
- P/E
- 77.5× 预期 9.8×(FY2026)
- P/S
- 2.3× 股价 / 营收,TTM
- EV / EBITDA
- 40.0× TTM
- 自由现金流
- $12.6亿 过去12个月
- 净利润
- $1.78亿 过去12个月
- 营收预期
- $48.5亿 FY2026年一致预期
- 盈利
- 2027-02-11 营收预期 $14.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收低于预期2.6%,EPS 低于预期5.4%营收$11.7亿,预期$12.1亿(-2.6%);EPS $0.46,预期$0.49(-5.4%)。
- 营收增长放缓:同比11.9%Q3 '26营收$11.7亿,此前四个季度的平均值为16.8%。
- 营业利润率5.5%(TTM),较去年同期-1.4 百分点营收增长15.4%,营业利润增长-8.2%。
- 资本支出占营收的1.4%(去年为0.6%)最近4个季度投入$6560万(同比+159.1%)。自由现金流$12.6亿,相当于净利润的707.8%。
- 股东回报$27.1亿 = 自由现金流的214.5%回购$27.1亿(去年为$6.1亿),股息$0,股权激励$10.8亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少16.1%Q3 '26稀释股数5.83亿,一年前为6.95亿。
- 净现金 $2.74亿现金 + 短期投资 $14.7亿,含租赁债务 $12亿;一年前净现金 $24.7亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $11.7亿 | $10.5亿 | +11.9% |
| 毛利率 | 77.7% | 79.8% | -2.0 百分点 |
| 营业利润 | $3030万 | $5850万 | -48.2% |
| 营业利润率 | 2.6% | 5.6% | -3.0 百分点 |
| 净利润 | $2150万 | $9210万 | -76.6% |
| 稀释EPS | $0.04 | $0.13 | -69.2% |
| 经营现金流 | $3.16亿 | $3.22亿 | -1.8% |
| 资本支出 | $1550万 | $323万 | +378.6% |
| 自由现金流 | $3亿 | $3.18亿 | -5.7% |
| R&D | $4.28亿 | $3.71亿 | +15.3% |
| 股权激励费用 | $2.92亿 | $2.35亿 | +24.1% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $11.7亿 | $12.1亿 | -2.6% |
| EPS(一致预期口径) | $0.46 | $0.49 | -5.4% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States And Canada | $8.62亿 | +14.3% | 43.2% | $33.7亿 | +13.1% | |
| United States | $8.23亿 | +14.7% | 41.2% | $32.1亿 | +13.1% | |
| Europe | $2.03亿 | +6.1% | 10.2% | $8.69亿 | +19.3% | |
| Rest Of World | $1.09亿 | +5.4% | 5.5% | $4.45亿 | +26.8% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $13.3亿
- 资本支出
- -$6560万
- 股票回购
- -$27.1亿
- 股息
- $0
- 收购
- -$4.49亿
- 债务净发行
- $9.8亿
- 股权激励费用
- $10.8亿
- 自由现金流
- $12.6亿
- 股东回报 / FCF
- 214.5%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 77.5× | 42.2× 5年中的3年 | 10.6× – 74.2× |
| EV / EBITDA | 40.0× | 1,214.3× 5年中的4年 | 35.6× – 4,699.3× |
| EV / 营收 | 2.5× | 6.2× | 4.0× – 8.6× |
| 股价 / FCF | 8.7× | 28.8× | 14.0× – 41.3× |
| 股价 / 净资产 | 3.5× | 5.7× | 3.7× – 8.1× |
| FCF收益率 | 11.5% | 4.1% | 2.4% – 7.2% |
| 投入资本回报率 | 4.2% | 2.5% | -3.8% – 9.7% |
| 净资产收益率 | 5.2% | 10.9% | -2.9% – 39.2% |
分析师
一致目标价 $26.72 (+38.0%)
区间 $22.00 – $34.00 · 评级 Buy
强烈买入0
买入27
持有21
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $48.5亿 | +14.9% | $1.97 | +223.7% | 9.8× | 10 |
| FY2027 | $54.3亿 | +11.9% | $2.31 | +16.8% | 8.4× | 19 |
| FY2028 | $60.6亿 | +11.7% | $2.65 | +15.1% | 7.3× | 16 |
| FY2029 | $65.9亿 | +8.7% | $2.77 | +4.3% | 7.0× | 13 |
| FY2030 | $70.9亿 | +7.7% | $3.54 | +27.9% | 5.5× | 13 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Pinterest, Inc.在近期10-Q / 10-K文件中标记的全部213项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.54亿 | $9060万 | +69.8% | $1.3亿 | $8400万 | +54.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $9.17亿 | $8.01亿 | +14.5% | $9.98亿 | $8.93亿 | +11.7% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $253万 | $412万 | -38.6% | $1810万 | $2900万 | -37.7% |
| Accrued Liabilities, Current | $4.38亿 | $3.36亿 | +30.4% | $3.36亿 | $3.14亿 | +6.9% |
| Accrued Professional Fees, Current | $1140万2025-12-31 | $4760万 | -76.0% | $1140万 | $4760万 | -76.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.06亿2025-12-31 | $8970万 | +17.6% | $1.06亿 | $8970万 | +17.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$328万 | $383万 | -185.8% | $433万 | -$13万 | +3,433.1% |
| Additional Paid in Capital | $30.8亿 | $49.7亿 | -38.1% | $46.1亿 | $50.4亿 | -8.5% |
| Advertising Expense | – | – | – | $1.69亿 | $1.62亿 | +4.5% |
| Amortization of Intangible Assets | $480万 | $110万 | +336.4% | $580万 | $740万 | -21.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1580万 | 160万 | +884.0% | 1340万 | 798万 | +67.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2.92亿 | $2.35亿 | +24.1% | $8.8亿 | $7.66亿 | +15.0% |
| Assets | $49.5亿 | $55.2亿 | -10.2% | $54.9亿 | $53.4亿 | +2.8% |
| Assets, Current | $25.3亿 | $35.7亿 | -29.0% | $35.6亿 | $34.8亿 | +2.0% |
| Cash and Cash Equivalents, at Carrying Value | $6.54亿 | $11.3亿 | -42.2% | $9.69亿 | $11.4亿 | -14.7% |
| Cash and Cash Equivalents, Fair Value Disclosure | $9.69亿2025-12-31 | $11.4亿 | -14.7% | $9.69亿 | $11.4亿 | -14.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $6.6亿 | $11.4亿 | -41.9% | $9.75亿 | $11.4亿 | -14.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.32亿 | -$8450万 | +374.3% | -$1.66亿 | -$2.27亿 | +27.0% |
| Common Stock, Value, Issued | $6000 | $7000 | -14.3% | $7000 | $7000 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1940万 | $9210万 | -78.9% | $4.21亿 | $18.6亿 | -77.4% |
| Contract with Customer, Liability | $1.09亿 | $5750万 | +89.7% | $4750万 | $2340万 | +103.0% |
| Contract with Customer, Liability, Current | $4750万2025-12-31 | $2340万 | +103.0% | $4750万 | $2340万 | +103.0% |
| Contractual Obligation | $6.36亿2025-12-31 | $13.4亿 | -52.4% | $6.36亿 | $13.4亿 | -52.4% |
| Contractual Obligation, to be Paid, after Year Five | $1.17亿2025-12-31 | $11.8亿 | -90.1% | $1.17亿 | $11.8亿 | -90.1% |
| Contractual Obligation, to be Paid, Year Five | $3250万2025-12-31 | $2170万 | +49.7% | $3250万 | $2170万 | +49.7% |
| Contractual Obligation, to be Paid, Year Four | $3.49亿2025-12-31 | $2410万 | +1,348.6% | $3.49亿 | $2410万 | +1,348.6% |
| Contractual Obligation, to be Paid, Year One | $5000万2025-12-31 | $4130万 | +21.0% | $5000万 | $4130万 | +21.0% |
| Contractual Obligation, to be Paid, Year Three | $4110万2025-12-31 | $3020万 | +35.9% | $4110万 | $3020万 | +35.9% |
| Contractual Obligation, to be Paid, Year Two | $4700万2025-12-31 | $3830万 | +22.5% | $4700万 | $3830万 | +22.5% |
| Convertible Debt, Noncurrent | $9.82亿 | – | – | – | – | – |
| Cost of Revenue | $2.62亿 | $2.12亿 | +23.2% | $8.42亿 | $7.5亿 | +12.1% |
| Costs and Expenses | $11.4亿 | $9.91亿 | +15.4% | $39亿 | $34.7亿 | +12.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $14.9万 | $767万 | -98.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1330万 | $773万 | +71.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $1860万 | $2590万 | -28.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $514万 | $1050万 | -51.2% |
| Debt Issuance Costs Incurred During Noncash or Partial Noncash Transaction | $509万2026-03-31 | $0 | – | – | – | – |
| Debt Securities, Available-for-sale | $8.16亿 | $15.4亿 | -47.0% | $15亿 | $13.8亿 | +8.8% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $350万2025-12-31 | $217万 | +61.6% | $350万 | $217万 | +61.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $6.4万2025-12-31 | $127万 | -95.0% | $6.4万 | $127万 | -95.0% |
| Debt Securities, Available-for-sale, Amortized Cost | $14.9亿2025-12-31 | $13.8亿 | +8.6% | $14.9亿 | $13.8亿 | +8.6% |
| Debt Securities, Available-for-sale, Current | $8.16亿 | $15.4亿 | -47.0% | $15亿 | $13.8亿 | +8.8% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.54亿 | $4.45亿 | -42.9% | $4.7亿 | $3.36亿 | +39.7% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $5.62亿 | $10.9亿 | -48.7% | $10.3亿 | $10.4亿 | -1.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$30.1万 | -$14.3亿 | +100.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$62.8万 | -$345万 | +81.8% |
| Deferred Income Tax Assets, Net | $16亿 | $16.4亿 | -2.2% | $15.9亿 | $16亿 | -0.6% |
| Deferred Income Tax Expense (Benefit) | $1170万 | -$828万 | +240.9% | $1050万 | -$16亿 | +100.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1140万 | -$1.63亿 | +107.0% |
| Deferred Tax Assets, Gross | $19.6亿2025-12-31 | $19.3亿 | +1.2% | $19.6亿 | $19.3亿 | +1.2% |
| Deferred Tax Assets, Net | $15.9亿2025-12-31 | $16亿 | -0.6% | $15.9亿 | $16亿 | -0.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $16.1亿2025-12-31 | $16.1亿 | 0.0% | $16.1亿 | $16.1亿 | 0.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5.7亿2025-12-31 | $5.25亿 | +8.6% | $5.7亿 | $5.25亿 | +8.6% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $7.87亿2025-12-31 | $6.77亿 | +16.2% | $7.87亿 | $6.77亿 | +16.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3630万2025-12-31 | $3380万 | +7.5% | $3630万 | $3380万 | +7.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $2750万2025-12-31 | $3330万 | -17.6% | $2750万 | $3330万 | -17.6% |
| Deferred Tax Assets, Valuation Allowance | $3.46亿2025-12-31 | $3.22亿 | +7.5% | $3.46亿 | $3.22亿 | +7.5% |
| Deferred Tax Liabilities, Gross | $1880万2025-12-31 | $906万 | +107.5% | $1880万 | $906万 | +107.5% |
| Deferred Tax Liabilities, Prepaid Expenses | $296万2025-12-31 | $267万 | +11.0% | $296万 | $267万 | +11.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $1580万2025-12-31 | $639万 | +147.7% | $1580万 | $639万 | +147.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02