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ACV Auctions Inc.（ACVA）与Apellis Pharmaceuticals, Inc.（APLS）财务数据对比。点击上方公司名可切换其他公司
Apellis Pharmaceuticals, Inc.的季度营收约是ACV Auctions Inc.的1.1倍（$199.9M vs $183.6M），ACV Auctions Inc.同比增速更快（15.1% vs -5.9%），Apellis Pharmaceuticals, Inc.自由现金流更多（$-14.3M vs $-14.7M），过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs 7.7%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
Apellis Pharmaceuticals是一家临床阶段生物制药企业，专注于开发调节补体系统的靶向疗法，适应症覆盖年龄相关性黄斑变性继发地图样萎缩等眼科疾病、罕见血液病及自身免疫性疾病，核心市场为美国及欧盟地区。
ACVA vs APLS — 直观对比
营收规模更大
APLS
是对方的1.1倍
$183.6M
营收增速更快
ACVA
高出21.1%
-5.9%
自由现金流更多
APLS
多$367.0K
$-14.7M
两年增速更快
ACVA
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $199.9M |
| 净利润 | — | $-59.0M |
| 毛利率 | — | — |
| 营业利润率 | -9.7% | -25.6% |
| 净利率 | — | -29.5% |
| 营收同比 | 15.1% | -5.9% |
| 净利润同比 | — | -62.2% |
| 每股收益（稀释后） | $-0.12 | $-0.40 |
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ACVAAPLS
| Q4 25 | $183.6M | $199.9M | ||
| Q3 25 | $199.6M | $458.6M | ||
| Q2 25 | $193.7M | $178.5M | ||
| Q1 25 | $182.7M | $166.8M | ||
| Q4 24 | $159.5M | $212.5M | ||
| Q3 24 | $171.3M | $196.8M | ||
| Q2 24 | $160.6M | $199.7M | ||
| Q1 24 | $145.7M | $172.3M |
净利润ACVAAPLS
| Q4 25 | — | $-59.0M | ||
| Q3 25 | $-24.5M | $215.7M | ||
| Q2 25 | $-7.3M | $-42.2M | ||
| Q1 25 | $-14.8M | $-92.2M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $-16.0M | $-57.4M | ||
| Q2 24 | $-17.1M | $-37.7M | ||
| Q1 24 | $-20.5M | $-66.4M |
营业利润率ACVAAPLS
| Q4 25 | -9.7% | -25.6% | ||
| Q3 25 | -11.9% | 48.7% | ||
| Q2 25 | -3.7% | -18.6% | ||
| Q1 25 | -7.9% | -50.0% | ||
| Q4 24 | -16.2% | -12.3% | ||
| Q3 24 | -10.0% | -24.0% | ||
| Q2 24 | -11.6% | -14.7% | ||
| Q1 24 | -15.5% | -36.0% |
净利率ACVAAPLS
| Q4 25 | — | -29.5% | ||
| Q3 25 | -12.3% | 47.0% | ||
| Q2 25 | -3.8% | -23.6% | ||
| Q1 25 | -8.1% | -55.3% | ||
| Q4 24 | — | -17.1% | ||
| Q3 24 | -9.4% | -29.2% | ||
| Q2 24 | -10.6% | -18.9% | ||
| Q1 24 | -14.1% | -38.5% |
每股收益（稀释后）ACVAAPLS
| Q4 25 | $-0.12 | $-0.40 | ||
| Q3 25 | $-0.14 | $1.67 | ||
| Q2 25 | $-0.04 | $-0.33 | ||
| Q1 25 | $-0.09 | $-0.74 | ||
| Q4 24 | $-0.15 | $-0.30 | ||
| Q3 24 | $-0.10 | $-0.46 | ||
| Q2 24 | $-0.10 | $-0.30 | ||
| Q1 24 | $-0.13 | $-0.54 |
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 | $271.5M | $466.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $429.7M | $370.1M |
| 总资产 | $1.1B | $1.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACVAAPLS
| Q4 25 | $271.5M | $466.2M | ||
| Q3 25 | $265.3M | $479.2M | ||
| Q2 25 | $258.4M | $370.0M | ||
| Q1 25 | $291.9M | $358.4M | ||
| Q4 24 | $224.1M | $411.3M | ||
| Q3 24 | $252.5M | $396.9M | ||
| Q2 24 | $215.0M | $360.1M | ||
| Q1 24 | $209.8M | $325.9M |
总债务ACVAAPLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $93.1M |
股东权益ACVAAPLS
| Q4 25 | $429.7M | $370.1M | ||
| Q3 25 | $434.4M | $401.2M | ||
| Q2 25 | $448.8M | $156.3M | ||
| Q1 25 | $439.6M | $164.2M | ||
| Q4 24 | $440.0M | $228.5M | ||
| Q3 24 | $456.2M | $237.1M | ||
| Q2 24 | $457.6M | $264.3M | ||
| Q1 24 | $458.3M | $266.7M |
总资产ACVAAPLS
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $821.4M | ||
| Q1 25 | $1.2B | $807.3M | ||
| Q4 24 | $984.1M | $885.1M | ||
| Q3 24 | $1.0B | $901.9M | ||
| Q2 24 | $1.0B | $904.5M | ||
| Q1 24 | $1.0B | $831.9M |
负债/权益比ACVAAPLS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.35× |
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 | $-12.4M | $-14.2M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $-14.3M |
| 自由现金流率自由现金流/营收 | -8.0% | -7.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.1% |
| 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 | $69.1M | $45.0M |
8季度趋势，按日历期对齐
经营现金流ACVAAPLS
| Q4 25 | $-12.4M | $-14.2M | ||
| Q3 25 | $10.3M | $108.5M | ||
| Q2 25 | $13.7M | $4.4M | ||
| Q1 25 | $66.6M | $-53.4M | ||
| Q4 24 | $-3.2M | $19.4M | ||
| Q3 24 | $21.1M | $34.1M | ||
| Q2 24 | $4.5M | $-8.3M | ||
| Q1 24 | $43.0M | $-133.0M |
自由现金流ACVAAPLS
| Q4 25 | $-14.7M | $-14.3M | ||
| Q3 25 | $7.7M | $108.3M | ||
| Q2 25 | $10.9M | $4.4M | ||
| Q1 25 | $65.3M | $-53.4M | ||
| Q4 24 | $-3.9M | $19.3M | ||
| Q3 24 | $20.2M | — | ||
| Q2 24 | $2.7M | $-8.4M | ||
| Q1 24 | $41.9M | $-133.3M |
自由现金流率ACVAAPLS
| Q4 25 | -8.0% | -7.1% | ||
| Q3 25 | 3.8% | 23.6% | ||
| Q2 25 | 5.6% | 2.5% | ||
| Q1 25 | 35.7% | -32.0% | ||
| Q4 24 | -2.5% | 9.1% | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | 1.7% | -4.2% | ||
| Q1 24 | 28.8% | -77.3% |
资本支出强度ACVAAPLS
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.4% | 0.0% | ||
| Q3 24 | 0.6% | 0.0% | ||
| Q2 24 | 1.1% | 0.0% | ||
| Q1 24 | 0.7% | 0.2% |
现金转化率ACVAAPLS
| Q4 25 | — | — | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
APLS
| Syfovre | $155.2M | 78% |
| Empaveli Pegcetacoplan | $35.1M | 18% |
| Licensing And Other Revenue | $9.6M | 5% |
