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Adagio Medical Holdings, Inc.（ADGM）与MERIT MEDICAL SYSTEMS INC（MMSI）财务数据对比。点击上方公司名可切换其他公司
MERIT MEDICAL SYSTEMS INC自由现金流更多（$74.0M vs $-3.5M）
Adagio Medical Holdings, Inc.是一家医疗科技企业，专注于开发和商业化用于治疗包括房颤在内的各类心律失常病症的冷冻消融平台，产品面向电生理临床医师，核心市场覆盖北美及欧洲，致力于提升心律疾病患者的治疗安全性与效果。
梅里特医疗系统公司是一家全球性医疗设备企业，设计、生产和销售适用于心脏病学、放射学、肿瘤学、内窥镜及重症监护领域的介入和诊断产品，为全球医院及医疗机构提供微创医疗解决方案，助力提升患者疗效和临床操作效率。
ADGM vs MMSI — 直观对比
营收规模更大
MMSI
是对方的Infinity倍
$0
自由现金流更多
MMSI
多$77.6M
$-3.5M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $0 | $393.9M |
| 净利润 | $-10.1M | $38.0M |
| 毛利率 | — | 49.6% |
| 营业利润率 | — | 13.8% |
| 净利率 | — | 9.6% |
| 营收同比 | — | 10.9% |
| 净利润同比 | -380.6% | 36.0% |
| 每股收益（稀释后） | $-0.66 | $0.64 |
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ADGMMMSI
| Q4 25 | — | $393.9M | ||
| Q3 25 | $0 | $384.2M | ||
| Q2 25 | — | $382.5M | ||
| Q1 25 | — | $355.4M | ||
| Q4 24 | — | $355.2M | ||
| Q3 24 | $132.0K | $339.8M | ||
| Q2 24 | $254.0K | $338.0M | ||
| Q1 24 | — | $323.5M |
净利润ADGMMMSI
| Q4 25 | — | $38.0M | ||
| Q3 25 | $-10.1M | $27.8M | ||
| Q2 25 | — | $32.6M | ||
| Q1 25 | — | $30.1M | ||
| Q4 24 | — | $27.9M | ||
| Q3 24 | $3.6M | $28.4M | ||
| Q2 24 | $-5.7M | $35.7M | ||
| Q1 24 | — | $28.2M |
毛利率ADGMMMSI
| Q4 25 | — | 49.6% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 48.7% | ||
| Q3 24 | -213.6% | 46.4% | ||
| Q2 24 | -168.5% | 47.7% | ||
| Q1 24 | — | 46.9% |
营业利润率ADGMMMSI
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | -3352.3% | 11.0% | ||
| Q2 24 | -2621.7% | 13.6% | ||
| Q1 24 | — | 11.1% |
净利率ADGMMMSI
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 2731.8% | 8.4% | ||
| Q2 24 | -2257.5% | 10.6% | ||
| Q1 24 | — | 8.7% |
每股收益（稀释后）ADGMMMSI
| Q4 25 | — | $0.64 | ||
| Q3 25 | $-0.66 | $0.46 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | $0.02 | $0.48 | ||
| Q2 24 | $-7.35 | $0.61 | ||
| Q1 24 | — | $0.48 |
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 | $4.7M | $446.4M |
| 总债务越低越好 | $21.2M | $734.0M |
| 股东权益账面价值 | $-1.3M | $1.6B |
| 总资产 | $31.5M | $2.7B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资ADGMMMSI
| Q4 25 | — | $446.4M | ||
| Q3 25 | $4.7M | $392.5M | ||
| Q2 25 | — | $341.8M | ||
| Q1 25 | — | $395.5M | ||
| Q4 24 | — | $376.7M | ||
| Q3 24 | $28.3M | $523.1M | ||
| Q2 24 | — | $636.7M | ||
| Q1 24 | — | $581.9M |
总债务ADGMMMSI
| Q4 25 | — | $734.0M | ||
| Q3 25 | $21.2M | $732.9M | ||
| Q2 25 | — | $731.8M | ||
| Q1 25 | — | $730.7M | ||
| Q4 24 | — | $729.6M | ||
| Q3 24 | $13.8M | $750.5M | ||
| Q2 24 | — | $801.3M | ||
| Q1 24 | — | $800.1M |
股东权益ADGMMMSI
| Q4 25 | — | $1.6B | ||
| Q3 25 | $-1.3M | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $76.6M | $1.3B | ||
| Q2 24 | $-140.5M | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产ADGMMMSI
| Q4 25 | — | $2.7B | ||
| Q3 25 | $31.5M | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $107.2M | $2.4B | ||
| Q2 24 | $-140.5M | $2.4B | ||
| Q1 24 | — | $2.3B |
负债/权益比ADGMMMSI
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | 0.18× | 0.57× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.65× |
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 | $-3.0M | $98.5M |
| 自由现金流经营现金流 - 资本支出 | $-3.5M | $74.0M |
| 自由现金流率自由现金流/营收 | — | 18.8% |
| 资本支出强度资本支出/营收 | — | 6.2% |
| 现金转化率经营现金流/净利润 | — | 2.59× |
| 过去12个月自由现金流最近4个季度 | — | $215.7M |
8季度趋势，按日历期对齐
经营现金流ADGMMMSI
| Q4 25 | — | $98.5M | ||
| Q3 25 | $-3.0M | $75.0M | ||
| Q2 25 | — | $83.3M | ||
| Q1 25 | — | $40.6M | ||
| Q4 24 | — | $68.7M | ||
| Q3 24 | $-6.4M | $47.3M | ||
| Q2 24 | — | $68.5M | ||
| Q1 24 | — | $36.2M |
自由现金流ADGMMMSI
| Q4 25 | — | $74.0M | ||
| Q3 25 | $-3.5M | $52.5M | ||
| Q2 25 | — | $69.6M | ||
| Q1 25 | — | $19.5M | ||
| Q4 24 | — | $65.3M | ||
| Q3 24 | $-6.9M | $38.0M | ||
| Q2 24 | — | $57.9M | ||
| Q1 24 | — | $24.5M |
自由现金流率ADGMMMSI
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | -5254.5% | 11.2% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | 7.6% |
资本支出强度ADGMMMSI
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 437.9% | 2.8% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 3.6% |
现金转化率ADGMMMSI
| Q4 25 | — | 2.59× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.56× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | -1.76× | 1.66× | ||
| Q2 24 | — | 1.92× | ||
| Q1 24 | — | 1.28× |
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
ADGM
暂无分部数据
MMSI
| Other | $154.6M | 39% |
| Peripheral Intervention | $93.2M | 24% |
| Cardiac Intervention | $50.2M | 13% |
| OEM | $42.6M | 11% |
| Custom Procedural Solutions | $33.1M | 8% |
| Endoscopy Segment | $20.1M | 5% |
