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Alector, Inc.（ALEC）与MAUI LAND & PINEAPPLE CO INC（MLP）财务数据对比。点击上方公司名可切换其他公司
Alector, Inc.的季度营收约是MAUI LAND & PINEAPPLE CO INC的1.4倍（$6.2M vs $4.5M），MAUI LAND & PINEAPPLE CO INC同比增速更快（32.8% vs -88.5%），MAUI LAND & PINEAPPLE CO INC自由现金流更多（$-484.0K vs $-184.1M），过去两年MAUI LAND & PINEAPPLE CO INC的营收复合增速更高（35.0% vs -37.4%）
Alector是一家临床阶段生物制药企业，专注于神经退行性疾病的免疫疗法研发，管线覆盖阿尔茨海默病、额颞叶痴呆、帕金森病等未被满足的医疗需求，主要在美国运营，与全球药企合作推进候选药物的临床试验。
茂宜土地菠萝公司是一家土地持有运营企业，1909年成立，总部位于美国夏威夷卡普鲁亚，在茂宜岛拥有约24300英亩土地。公司主要开发、销售及管理住宅、度假村、商用工业地产，在卡普鲁亚度假区开展零售与公用事业运营，同时持有并管理面积达8304英亩的普乌库库伊流域保护区，该保护区是夏威夷规模最大的私人自然保护区之一。
ALEC vs MLP — 直观对比
营收规模更大
ALEC
是对方的1.4倍
$4.5M
营收增速更快
MLP
高出121.3%
-88.5%
自由现金流更多
MLP
多$183.6M
$-184.1M
两年增速更快
MLP
近两年复合增速
-37.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.2M | $4.5M |
| 净利润 | — | — |
| 毛利率 | — | — |
| 营业利润率 | — | -37.5% |
| 净利率 | — | — |
| 营收同比 | -88.5% | 32.8% |
| 净利润同比 | -1696.9% | — |
| 每股收益（稀释后） | — | — |
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ALECMLP
| Q4 25 | $6.2M | $4.5M | ||
| Q3 25 | $3.3M | $4.5M | ||
| Q2 25 | $7.9M | $4.6M | ||
| Q1 25 | $3.7M | $5.8M | ||
| Q4 24 | $54.2M | $3.4M | ||
| Q3 24 | $15.3M | $3.0M | ||
| Q2 24 | $15.1M | $2.6M | ||
| Q1 24 | $15.9M | $2.5M |
净利润ALECMLP
| Q4 25 | — | — | ||
| Q3 25 | $-34.7M | $240.0K | ||
| Q2 25 | $-30.5M | $-999.0K | ||
| Q1 25 | $-40.5M | $-8.6M | ||
| Q4 24 | $-2.1M | — | ||
| Q3 24 | $-42.2M | $-2.2M | ||
| Q2 24 | $-38.7M | $-1.9M | ||
| Q1 24 | $-36.1M | $-1.4M |
营业利润率ALECMLP
| Q4 25 | — | -37.5% | ||
| Q3 25 | -1153.6% | -8.0% | ||
| Q2 25 | -433.6% | -15.4% | ||
| Q1 25 | -1216.5% | -30.7% | ||
| Q4 24 | -13.4% | -54.0% | ||
| Q3 24 | -315.7% | -73.7% | ||
| Q2 24 | -302.4% | -71.1% | ||
| Q1 24 | -275.0% | -56.3% |
净利率ALECMLP
| Q4 25 | — | — | ||
| Q3 25 | -1063.4% | 5.3% | ||
| Q2 25 | -387.7% | -21.7% | ||
| Q1 25 | -1101.6% | -148.9% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | -275.2% | -73.9% | ||
| Q2 24 | -256.4% | -70.8% | ||
| Q1 24 | -227.0% | -55.4% |
每股收益（稀释后）ALECMLP
| Q4 25 | — | — | ||
| Q3 25 | $-0.34 | — | ||
| Q2 25 | $-0.30 | — | ||
| Q1 25 | $-0.41 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.43 | $-0.11 | ||
| Q2 24 | $-0.40 | $-0.09 | ||
| Q1 24 | $-0.38 | — |
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 | $256.0M | $5.3M |
| 总债务越低越好 | $10.0M | — |
| 股东权益账面价值 | $30.6M | $33.1M |
| 总资产 | $293.2M | $48.0M |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALECMLP
| Q4 25 | $256.0M | $5.3M | ||
| Q3 25 | $291.1M | $4.9M | ||
| Q2 25 | $307.3M | $6.5M | ||
| Q1 25 | $354.6M | $7.9M | ||
| Q4 24 | $413.4M | $6.8M | ||
| Q3 24 | $457.2M | $6.1M | ||
| Q2 24 | $503.3M | $3.7M | ||
| Q1 24 | $562.1M | $5.4M |
总债务ALECMLP
| Q4 25 | $10.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $10.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALECMLP
| Q4 25 | $30.6M | $33.1M | ||
| Q3 25 | $57.7M | $33.7M | ||
| Q2 25 | $71.2M | $26.3M | ||
| Q1 25 | $94.6M | $26.7M | ||
| Q4 24 | $126.8M | $33.2M | ||
| Q3 24 | $118.9M | $34.0M | ||
| Q2 24 | $150.6M | $34.2M | ||
| Q1 24 | $178.9M | $34.6M |
总资产ALECMLP
| Q4 25 | $293.2M | $48.0M | ||
| Q3 25 | $335.3M | $45.8M | ||
| Q2 25 | $356.4M | $45.7M | ||
| Q1 25 | $408.3M | $47.2M | ||
| Q4 24 | $468.3M | $50.1M | ||
| Q3 24 | $516.0M | $45.9M | ||
| Q2 24 | $570.7M | $41.9M | ||
| Q1 24 | $635.5M | $42.1M |
负债/权益比ALECMLP
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-184.0M | $2.1M |
| 自由现金流经营现金流 - 资本支出 | $-184.1M | $-484.0K |
| 自由现金流率自由现金流/营收 | -2951.3% | -10.7% |
| 资本支出强度资本支出/营收 | 0.7% | 56.5% |
| 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 | $-326.5M | — |
8季度趋势，按日历期对齐
经营现金流ALECMLP
| Q4 25 | $-184.0M | $2.1M | ||
| Q3 25 | $-32.5M | $-932.0K | ||
| Q2 25 | $-49.0M | $-871.0K | ||
| Q1 25 | $-60.8M | $157.0K | ||
| Q4 24 | $-55.0M | $370.0K | ||
| Q3 24 | $-50.7M | $690.0K | ||
| Q2 24 | $-62.8M | $-533.0K | ||
| Q1 24 | $-61.3M | $-10.0K |
自由现金流ALECMLP
| Q4 25 | $-184.1M | $-484.0K | ||
| Q3 25 | $-32.5M | — | ||
| Q2 25 | $-49.1M | — | ||
| Q1 25 | $-60.8M | — | ||
| Q4 24 | $-55.2M | $-1.5M | ||
| Q3 24 | $-50.9M | — | ||
| Q2 24 | $-63.1M | — | ||
| Q1 24 | $-61.9M | — |
自由现金流率ALECMLP
| Q4 25 | -2951.3% | -10.7% | ||
| Q3 25 | -997.6% | — | ||
| Q2 25 | -623.0% | — | ||
| Q1 25 | -1655.0% | — | ||
| Q4 24 | -101.8% | -44.0% | ||
| Q3 24 | -332.1% | — | ||
| Q2 24 | -418.6% | — | ||
| Q1 24 | -389.3% | — |
资本支出强度ALECMLP
| Q4 25 | 0.7% | 56.5% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | 54.9% | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.4% | — |
现金转化率ALECMLP
| Q4 25 | — | — | ||
| Q3 25 | — | -3.88× | ||
| 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
