vs
Alpha Cognition Inc.（ACOG）与渤健（BIIB）财务数据对比。点击上方公司名可切换其他公司
渤健的季度营收约是Alpha Cognition Inc.的816.1倍（$2.3B vs $2.8M）。渤健净利率更高（-2.1% vs -245.5%，领先243.3%）。渤健自由现金流更多（$468.0M vs $-7.1M）
渤健是总部位于美国马萨诸塞州剑桥市的跨国生物技术企业，专注于神经系统疾病治疗领域。公司核心产品包括用于多发性硬化症的特菲达、万立能等多款药物，以及治疗脊髓性肌萎缩症的诺西那生钠、治疗弗里德赖希共济失调的Skyclarys，致力于为神经疾病和罕见病患者提供创新疗法。
ACOG vs BIIB — 直观对比
营收规模更大
BIIB
是对方的816.1倍
$2.8M
净利率更高
BIIB
高出243.3%
-245.5%
自由现金流更多
BIIB
多$475.1M
$-7.1M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8M | $2.3B |
| 净利润 | $-6.9M | $-48.9M |
| 毛利率 | — | 78.3% |
| 营业利润率 | -283.7% | -2.5% |
| 净利率 | -245.5% | -2.1% |
| 营收同比 | — | -7.1% |
| 净利润同比 | — | -118.3% |
| 每股收益（稀释后） | $-0.10 | $-0.35 |
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ACOGBIIB
| Q4 25 | $2.8M | $2.3B | ||
| Q3 25 | $2.8M | $2.5B | ||
| Q2 25 | $1.7M | $2.6B | ||
| Q1 25 | $2.9M | $2.4B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.3B |
净利润ACOGBIIB
| Q4 25 | $-6.9M | $-48.9M | ||
| Q3 25 | $-1.3M | $466.5M | ||
| Q2 25 | $-10.5M | $634.8M | ||
| Q1 25 | $-2.0M | $240.5M | ||
| Q4 24 | — | $266.7M | ||
| Q3 24 | — | $388.5M | ||
| Q2 24 | — | $583.6M | ||
| Q1 24 | — | $393.4M |
毛利率ACOGBIIB
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 73.4% | ||
| Q2 25 | 96.7% | 77.1% | ||
| Q1 25 | 99.6% | 74.1% | ||
| Q4 24 | — | 76.2% | ||
| Q3 24 | — | 74.1% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 76.3% |
营业利润率ACOGBIIB
| Q4 25 | -283.7% | -2.5% | ||
| Q3 25 | -187.0% | 22.0% | ||
| Q2 25 | -346.1% | 28.1% | ||
| Q1 25 | -125.9% | 12.8% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 28.3% | ||
| Q1 24 | — | 20.3% |
净利率ACOGBIIB
| Q4 25 | -245.5% | -2.1% | ||
| Q3 25 | -46.4% | 18.4% | ||
| Q2 25 | -632.7% | 24.0% | ||
| Q1 25 | -68.5% | 9.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 23.7% | ||
| Q1 24 | — | 17.2% |
每股收益（稀释后）ACOGBIIB
| Q4 25 | $-0.10 | $-0.35 | ||
| Q3 25 | $-0.30 | $3.17 | ||
| Q2 25 | $-0.65 | $4.33 | ||
| Q1 25 | $-0.13 | $1.64 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | — | $2.66 | ||
| Q2 24 | — | $4.00 | ||
| Q1 24 | — | $2.70 |
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 | $66.0M | — |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $62.5M | $18.3B |
| 总资产 | $79.7M | $29.4B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资ACOGBIIB
| Q4 25 | $66.0M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $45.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务ACOGBIIB
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.3B |
股东权益ACOGBIIB
| Q4 25 | $62.5M | $18.3B | ||
| Q3 25 | $33.9M | $18.2B | ||
| Q2 25 | $31.9M | $17.6B | ||
| Q1 25 | $40.8M | $17.0B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | — | $16.4B | ||
| Q2 24 | — | $15.9B | ||
| Q1 24 | — | $15.2B |
总资产ACOGBIIB
| Q4 25 | $79.7M | $29.4B | ||
| Q3 25 | $46.3M | $29.2B | ||
| Q2 25 | $45.1M | $28.3B | ||
| Q1 25 | $48.6M | $28.0B | ||
| Q4 24 | — | $28.0B | ||
| Q3 24 | — | $28.3B | ||
| Q2 24 | — | $26.8B | ||
| Q1 24 | — | $26.6B |
负债/权益比ACOGBIIB
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.36× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.28× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 0.41× |
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 | $-6.9M | $511.9M |
| 自由现金流经营现金流 - 资本支出 | $-7.1M | $468.0M |
| 自由现金流率自由现金流/营收 | -252.6% | 20.5% |
| 资本支出强度资本支出/营收 | 5.3% | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-20.7M | $2.1B |
8季度趋势，按日历期对齐
经营现金流ACOGBIIB
| Q4 25 | $-6.9M | $511.9M | ||
| Q3 25 | $-5.3M | $1.3B | ||
| Q2 25 | $-6.1M | $160.9M | ||
| Q1 25 | $-2.0M | $259.3M | ||
| Q4 24 | — | $760.9M | ||
| Q3 24 | — | $935.6M | ||
| Q2 24 | — | $625.8M | ||
| Q1 24 | — | $553.2M |
自由现金流ACOGBIIB
| Q4 25 | $-7.1M | $468.0M | ||
| Q3 25 | $-5.4M | $1.2B | ||
| Q2 25 | $-6.1M | $134.3M | ||
| Q1 25 | $-2.1M | $222.2M | ||
| Q4 24 | — | $721.6M | ||
| Q3 24 | — | $900.6M | ||
| Q2 24 | — | $592.3M | ||
| Q1 24 | — | $507.3M |
自由现金流率ACOGBIIB
| Q4 25 | -252.6% | 20.5% | ||
| Q3 25 | -188.8% | 48.4% | ||
| Q2 25 | -370.9% | 5.1% | ||
| Q1 25 | -72.0% | 9.1% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 22.1% |
资本支出强度ACOGBIIB
| Q4 25 | 5.3% | 1.9% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 0.5% | 1.0% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.0% |
现金转化率ACOGBIIB
| Q4 25 | — | — | ||
| Q3 25 | — | 2.73× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | — | 1.41× |
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
ACOG
暂无分部数据
BIIB
| Products | $1.7B | 73% |
| Tysabri Product | $244.5M | 11% |
| AVONEX | $119.2M | 5% |
| SKYCLARYS | $88.9M | 4% |
| Alzheimers Collaboration | $47.1M | 2% |
| IMRALDI | $43.5M | 2% |
| TECFIDERA | $36.9M | 2% |
| PLEGRIDY | $24.7M | 1% |
| QALSODY | $7.8M | 0% |
| BYOOVIZ | $4.3M | 0% |
