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Alexander & Baldwin, Inc.（ALEX）与微宏控股（MVST）财务数据对比。点击上方公司名可切换其他公司
微宏控股的季度营收约是Alexander & Baldwin, Inc.的1.9倍（$96.4M vs $51.0M），微宏控股净利率更高（17.2% vs 7.4%，领先9.8%），微宏控股同比增速更快（-15.0% vs -18.4%），Alexander & Baldwin, Inc.自由现金流更多（$27.3M vs $15.8M），过去两年微宏控股的营收复合增速更高（8.9% vs -8.7%）
亚历山大-鲍德温公司是一家美国企业，曾是夏威夷领地时期五大财团之一，也是五大财团中最晚停止甘蔗种植的企业。目前公司主营房地产开发、土地运营以及建材与建筑业务，截至2020年，该公司是夏威夷最大的私人土地持有者之一，在当地拥有超2.8万英亩土地，运营着36处收益性物业。
微宏控股是一家电池科技企业，总部位于美国得克萨斯州斯塔福德，在纳斯达克上市。公司主要面向商用电动汽车与并网储能系统，设计、研发并生产电池组件及电池系统，目前在美国、中国、德国均设有生产基地。
ALEX vs MVST — 直观对比
营收规模更大
MVST
是对方的1.9倍
$51.0M
营收增速更快
MVST
高出3.4%
-18.4%
净利率更高
MVST
高出9.8%
7.4%
自由现金流更多
ALEX
多$11.5M
$15.8M
两年增速更快
MVST
近两年复合增速
-8.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $96.4M |
| 净利润 | $3.8M | $16.5M |
| 毛利率 | — | 1.0% |
| 营业利润率 | 17.1% | -42.7% |
| 净利率 | 7.4% | 17.2% |
| 营收同比 | -18.4% | -15.0% |
| 净利润同比 | -69.7% | 120.1% |
| 每股收益（稀释后） | $0.05 | $0.19 |
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ALEXMVST
| Q4 25 | $51.0M | $96.4M | ||
| Q3 25 | $50.2M | $123.3M | ||
| Q2 25 | $51.7M | $91.3M | ||
| Q1 25 | $53.7M | $116.5M | ||
| Q4 24 | $62.4M | $113.4M | ||
| Q3 24 | $61.9M | $101.4M | ||
| Q2 24 | $51.0M | $83.7M | ||
| Q1 24 | $61.2M | $81.4M |
净利润ALEXMVST
| Q4 25 | $3.8M | $16.5M | ||
| Q3 25 | $14.3M | $-1.5M | ||
| Q2 25 | $25.1M | $-106.1M | ||
| Q1 25 | $21.4M | $61.8M | ||
| Q4 24 | $12.4M | $-82.3M | ||
| Q3 24 | $19.0M | $13.2M | ||
| Q2 24 | $9.1M | $-101.6M | ||
| Q1 24 | $20.0M | $-24.8M |
毛利率ALEXMVST
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 21.2% |
营业利润率ALEXMVST
| Q4 25 | 17.1% | -42.7% | ||
| Q3 25 | 38.2% | 10.5% | ||
| Q2 25 | 54.4% | 17.8% | ||
| Q1 25 | 44.6% | 16.3% | ||
| Q4 24 | 28.3% | -1.2% | ||
| Q3 24 | 35.6% | 7.1% | ||
| Q2 24 | 31.8% | -118.0% | ||
| Q1 24 | 38.9% | -28.4% |
净利率ALEXMVST
| Q4 25 | 7.4% | 17.2% | ||
| Q3 25 | 28.5% | -1.2% | ||
| Q2 25 | 48.6% | -116.1% | ||
| Q1 25 | 39.9% | 53.0% | ||
| Q4 24 | 19.9% | -72.6% | ||
| Q3 24 | 30.7% | 13.1% | ||
| Q2 24 | 17.8% | -121.4% | ||
| Q1 24 | 32.6% | -30.5% |
每股收益（稀释后）ALEXMVST
| Q4 25 | $0.05 | $0.19 | ||
| Q3 25 | $0.20 | $0.00 | ||
| Q2 25 | $0.35 | $-0.33 | ||
| Q1 25 | $0.29 | $0.05 | ||
| Q4 24 | $0.16 | $-0.24 | ||
| Q3 24 | $0.26 | $0.03 | ||
| Q2 24 | $0.13 | $-0.32 | ||
| Q1 24 | $0.28 | $-0.08 |
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 | $11.3M | $105.0M |
| 总债务越低越好 | $491.6M | $13.2M |
| 股东权益账面价值 | $987.2M | $410.5M |
| 总资产 | $1.7B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ALEXMVST
| Q4 25 | $11.3M | $105.0M | ||
| Q3 25 | $17.3M | $90.7M | ||
| Q2 25 | $8.6M | $99.7M | ||
| Q1 25 | $16.9M | $90.9M | ||
| Q4 24 | $33.4M | $73.0M | ||
| Q3 24 | $17.9M | $63.6M | ||
| Q2 24 | $29.5M | $68.2M | ||
| Q1 24 | $15.7M | $39.5M |
总债务ALEXMVST
| Q4 25 | $491.6M | $13.2M | ||
| Q3 25 | — | $34.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | $474.8M | $41.1M | ||
| Q3 24 | — | $53.4M | ||
| Q2 24 | — | $34.2M | ||
| Q1 24 | — | $43.0M |
股东权益ALEXMVST
| Q4 25 | $987.2M | $410.5M | ||
| Q3 25 | $1.0B | $358.1M | ||
| Q2 25 | $1.0B | $356.1M | ||
| Q1 25 | $1.0B | $454.2M | ||
| Q4 24 | $1.0B | $387.9M | ||
| Q3 24 | $998.2M | $486.1M | ||
| Q2 24 | $1.0B | $455.0M | ||
| Q1 24 | $1.0B | $546.1M |
总资产ALEXMVST
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $1.6B | $982.9M | ||
| Q4 24 | $1.7B | $951.9M | ||
| Q3 24 | $1.7B | $997.9M | ||
| Q2 24 | $1.6B | $961.4M | ||
| Q1 24 | $1.6B | $1.0B |
负债/权益比ALEXMVST
| Q4 25 | 0.50× | 0.03× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | 0.47× | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.08× |
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 | $79.5M | $16.4M |
| 自由现金流经营现金流 - 资本支出 | $27.3M | $15.8M |
| 自由现金流率自由现金流/营收 | 53.5% | 16.4% |
| 资本支出强度资本支出/营收 | 102.4% | 0.7% |
| 现金转化率经营现金流/净利润 | 21.06× | 0.99× |
| 过去12个月自由现金流最近4个季度 | $57.2M | $56.1M |
8季度趋势，按日历期对齐
经营现金流ALEXMVST
| Q4 25 | $79.5M | $16.4M | ||
| Q3 25 | $24.5M | $15.2M | ||
| Q2 25 | $16.5M | $37.2M | ||
| Q1 25 | $26.0M | $7.2M | ||
| Q4 24 | $98.0M | $6.1M | ||
| Q3 24 | $35.3M | $-5.4M | ||
| Q2 24 | $22.3M | $111.0K | ||
| Q1 24 | $16.1M | $2.0M |
自由现金流ALEXMVST
| Q4 25 | $27.3M | $15.8M | ||
| Q3 25 | $-3.7M | $1.2M | ||
| Q2 25 | $11.8M | $34.3M | ||
| Q1 25 | $21.8M | $4.8M | ||
| Q4 24 | $77.0M | $5.7M | ||
| Q3 24 | $31.4M | $-19.6M | ||
| Q2 24 | $18.0M | $-2.8M | ||
| Q1 24 | $12.3M | $-8.2M |
自由现金流率ALEXMVST
| Q4 25 | 53.5% | 16.4% | ||
| Q3 25 | -7.4% | 1.0% | ||
| Q2 25 | 22.8% | 37.5% | ||
| Q1 25 | 40.6% | 4.1% | ||
| Q4 24 | 123.4% | 5.1% | ||
| Q3 24 | 50.8% | -19.3% | ||
| Q2 24 | 35.3% | -3.4% | ||
| Q1 24 | 20.1% | -10.1% |
资本支出强度ALEXMVST
| Q4 25 | 102.4% | 0.7% | ||
| Q3 25 | 56.1% | 11.3% | ||
| Q2 25 | 9.1% | 3.1% | ||
| Q1 25 | 7.8% | 2.0% | ||
| Q4 24 | 33.5% | 0.3% | ||
| Q3 24 | 6.2% | 14.0% | ||
| Q2 24 | 8.4% | 3.5% | ||
| Q1 24 | 6.1% | 12.6% |
现金转化率ALEXMVST
| Q4 25 | 21.06× | 0.99× | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 1.21× | 0.12× | ||
| Q4 24 | 7.88× | — | ||
| Q3 24 | 1.86× | -0.41× | ||
| Q2 24 | 2.45× | — | ||
| Q1 24 | 0.80× | — |
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
ALEX
暂无分部数据
MVST
| Europe | $35.1M | 36% |
| CN | $32.5M | 34% |
| US | $21.5M | 22% |
| Other | $7.2M | 8% |
